WASHINGTON— Wages and benefits rose at a slightly healthier rate last year, a sign strong job gains could be forcing companies to pay a bit more for workers. The Labor Department said Friday that the employment cost index, which measures pay and benefits, rose 2.2 percent in 2014, up from 2 percent the previous year. "While still quite tame, wages have picked up a...» Read More
Welcome to the wonderful world of working for no pay.
A growing number of companies are embellishing their benefits packages with "concierge services" -- everything from flower deliveries and car detailing to restaurant reservations and clothes alterations.
AK Steel Holding said Monday it would create a $663 million healthcare trust as part of a lawsuit settlement with retirees, sending its shares up more than 10 percent.
Judith Spanier, a plaintiff’s attorney and partner at Abbey, Spanier, Rodd & Abrams, told CNBC’s “Power Lunch” that Wal-Mart’s workers “have no voice except for litigation.” But Aliza Herzberg, a partner at Olshan, Grudman, Frome, said prospective workers routinely flood Wal-Mart with job applications when a new store opens, including 25,000 people who applied for 400 jobs in Evergreen, Ill.
The Wall Street Journal reported that a Wal-Mart employee was fired for recording phone calls with a New York Times reporter last month. And now, the man claims he was part of a more elaborate corporate espionage scheme. Labor and privacy experts joined “Street Signs” to analyze the case. David Garland, co-chair of the employment and labor group at Sills Cummis, explained to CNBC's Erin Burnett that at times, employees will go too far when snooping for the company...
Wal-Mart Stores on Thursday announced several new initiatives to recognize performance and service among its employees.
Governor Arnold Schwarzenegger is introducing a new plan to cover nearly all of California's uninsured. The Clinton administration tried something similar but the proposal died in Congress before it ever got off the ground. Does the former body-builder have the political muscle to get his idea past his political opponents? On CNBC’s “Morning Call” we took a closer look at his plan and why it could land before a judge.