Compensation
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Average Salary for Technology Professional Rises 5.3 Percent: Survey
The average salary for technology professionals rose 5.3 percent in 2012—the largest increase in a decade, according to a Dice Holdings Inc. salary survey.
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Possible Civil Rights Reform Under Obama Could Benefit Businesses
Human resources departments nationwide could be rewriting policies and drafting new procedures over the next four years if the president and his administration are able to accomplish the goals expressed in his second inaugural address.
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Workforce Game Changers Call for More Attention to Innovation
To round out our exploration of innovation in the workforce, we turned to our Game Changers. Below are questions we asked them and some of their provocative answers.
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Brighter Ideas
To cook up greater creativity, organizations ought to update their approach to collaboration, compensation and culture.
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Global Salaries Will Climb, but Only Modestly in North America: Study
The slight increase in North America is not surprising, according to Hay Group analysts, because the U.S. economy is only expected to grow 2.1 percent in 2013.
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DuPont Sees Bottom-Line Boost After Retooling Its Rewards
Early results of DuPont's program have been encouraging, giving company leaders hope that its new recognition system will have a measurable effect on the company's overall business objectives.
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Five Ways to Revamp Your Rewards System
Companies and consultants offer tips on what, when and how to reward worthy employees.
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2013: A Time for Re-imagining How Work Gets Done
How work gets done, who does it and the tools they use to accomplish the task are all shifting as the new year approaches.
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2013 Employment Forecast: A Fiscal Cliffhanger
How well the job market recovers in the next 12 months could depend on what Congress decides in the next few weeks.
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Morgan Stanley Sets 2013 Comp Plan to Fuel Growth
The company released details of its 2013 adviser compensation grid Dec. 7. No changes were made to the basic cash grid, but revenue bonus awards were cut by 2 percentage points, while the company implemented a new growth award program that puts the premium on drumming up new business.
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Catalysts of Creative Destruction
Despite the hype about private equity and job loss, they have little net effect on employment levels.
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Private Equity Turns and Burns … Its Past
While horror stories exist, in some cases private equity takeovers can lead to healthy updates to management methods and practices.
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Two-Tiered Pay Scale for Autoworkers Raises Debate
Some say entry-level workers are suffering with far less pay and less-generous health plans. But others say the industry had to exercise options to save U.S. jobs.
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Younger Workers Taking a Pass on Taking Over the Business
So-called NextGen financial advisers are reluctant to buy into the business. The trend is potentially troublesome for owners of financial advisory firms who have been banking on selling their businesses to junior advisers.
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New York City Fast-Food Workers Strike to Protest Wage Rates
Workers formed picket lines outside some New York City fast-food eateries to protest their wages and hours as part of a unionization campaign.
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'Time-Off Plans': An Alternative to Comp Time
'Time-off plans' may be an efficient and economic way to manage employee pay. But how does an employer ensure a plan complies with the Fair Labor Standards Act?
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Sandy May Affect Workers' Compensation Premium Calculations
NCCI Holdings Inc. Oct. 31 reminded workers' comp underwriters of employee classification code changes insurers may apply when inclement weather or disasters force employers to temporarily suspend operations or shift workers into new roles.
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Year-End Employer Rewards to Employees Can Come in Small Packages
A poll shows that the majority of workers don't expect or need huge end-of-year gifts: For 69 percent, a gift card of $25 will do.
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Illinois Pension Plans on Road to Ruin: Report
Pension costs are projected to take up 25 percent of the state's budget in fiscal year 2015, up from 8 percent in 2008 and 20 percent in 2012.
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Temp Workers Sue Wal-Mart, Staffing Firms
A group of Illinois workers filed suit against Wal-Mart Stores Inc. and two staffing firms — QPS Employment Group Inc. and Labor Ready - Midwest Inc.
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Happy Holiday: More Executives Are Taking Vacation
Completely unplugging from the office is still a challenge, although about 50 percent of CFOs in a recent survey said they didn't check in while checked out.
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Archer Daniels Midland Joins Growing Ranks of Employers Offering Pension Lump Sums
Archer Daniels Midland Co. has disclosed that it will offer between 7,000 and 7,500 former employees who are eligible for but not yet receiving monthly pension benefits the opportunity to convert their future annuities to a lump-sum benefit.
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Chicago Car Wash Workers Report Getting Less Than Minimum Wage: Report
Three quarters of respondents to a recent survey said they earned below the minimum wage of $8.25 per hour, and less than 2 percent were paid the legal rate for overtime. The average pay was $6.
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Turkey Processing Company Must Pay $1.3 Million to Disabled Workers for 'Severely Substandard' Wages
On Sept. 18, Judge Charles R. Wolfe of federal district court for the southern district of Iowa in Davenport ordered Hill Country to pay $1.
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Tech Firms Pony Up Pay for Top Gen Y Workers
A new survey reveals average salaries for millennials are topping $90,000 at some technology firms, although pay for the typical younger employees were far less, with average salaries at $39,700.
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Medical Employers Are Enticing Workers With Cash to Repay Student Loans
Online job boards carry numerous ads from medical facilities offering student loan repayment programs to recruits in various health care positions.
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Seriously Injured Stripper Not Entitled to Workers' Comp Benefits: Court
The split 2-1 ruling in LeAndra Lewis v. L.B. Dynasty Inc. upholds a workers compensation commission finding that she was a contractor and not an employee when she was shot in 2008 while dancing at the Boom Boom Room in Columbia, South Carolina.
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Survey: 45 Percent Would Cut Salary for Flexibility
A survey released August 30 found 45 percent of working adults are willing to relinquish 8.6 percent of their salary for more flexibility at work.
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Injured Worker Entitled to Benefits for Related Mental Illness: Court
A trial court ruled that along with benefits for his physical injuries, Stephen Vowell was entitled to medical benefits for treatment of related severe depression.
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Merrill $40M Class-Action Settlement With Advisers Could 'Open a Pandora's Box'
About 1,500 former advisers would qualify for the deal, which would settle the class action filed in October 2009 by brokers claiming rights to stock grants that had not been fully vested before the Bank of America acquisition.
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Harvard Grads Flooding Wall Street
Any time so many bright young folks flood into Manhattan's concrete canyons to take jobs in investment banking or private equity, it's a clear sign the market has topped out.
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Visteon's CEO Don Stebbins Received $12.6 Million Separation Deal
Stebbins' package includes a $2.4 million cash severance payment and $10.2 million in instantly vested stock awards, according to the filing.
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Outside Sales Pay Exemption Clarified
The Supreme Court has taken a broad approach to interpreting the overtime exemptions, which may allow for more employees to be classified as exempt.
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More Companies Linking Rewards, Penalties to Wellness Program Results
Fifty-eight percent of employers offering wellness incentives pegged rewards to completion of lifestyle modification programs such as weight loss, smoking cessation and physical fitness.
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Retired NFL Player Cannot File for Workers' Comp Benefits in California
The 9th Circuit U.S. Court of Appeals rules California workers' comp law doesn't apply to retired NFL player because he did not clearly show that he was injured in the state.
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Workers' Comp Prices Increasing as Market Hardens
Employers are exiting workers' comp guaranteed-cost policies that have fixed costs and taking on greater risk by purchasing loss-sensitive plans with lower premiums but higher deductibles, market experts say.
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Men Get Prison, Must Repay $5 Million for Defrauding Staffing Firms
The incidents occurred from October 2002 to February 2005, according to the indictment in the case.
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Report: Wage-and-Hour Suits Hit Record Number
The claims forming the bulk of these numbers include: misclassification of employees, alleged uncompensated 'work' performed off the clock and miscalculation of overtime pay for nonexempt workers.
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Ford Seeks to Close $15-an-hour Canada Labor Gap With U.S.
Ford, which lists 7,400 employees at five plants in Canada on its website, pays $79 an hour for wages and benefits to its hourly workers in the country, said the official, who asked not to be identified because negotiations with the union are private.
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Small Firms Seeking Big-Company HR Needs Turn to Professional Employer Organizations
Throughout New York City, fledgling and existing small companies are turning to PEOs—and not just to free themselves of the headaches and overhead of handling HR issues so they can concentrate on growing and managing their operations.
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Salaries for Human Resources Managers
Changes in data collection techniques make it difficult to compare past, present and future employment numbers and salaries for managers in human resources, compensation and benefits, and training and development.
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Salaries for Training and Development Managers
Changes in data collection techniques make it difficult to compare past, present and future employment numbers and salaries for managers in human resources, compensation and benefits, and training and development.
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Salaries for Compensation & Benefits Managers
Changes in data collection techniques make it difficult to compare past, present and future employment numbers and salaries for managers in human resources, compensation and benefits, and training and development.
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Waste Workers' Wages Reduced in Scranton, Pennsylvania
Mayor Chris Doherty reduced the entire city's payroll to $7.25 an hour, including his own, the Times-Tribune of Scranton reported.
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Lawyers Say Health Care Law Will Spur Employees to Sue Over Technical Issues
At least four federal agencies (the IRS, the Department of Labor, the Department of Health and Human Services and even the Department of Housing and Urban Development) are writing hundreds of pages of regulations that will apply as health care reform is implemented over the next six years.
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Workers' Compensation Rates for Employers Likely to Increase
In general, the 'cream of the crop' among guarantee-cost accounts are experiencing price increases ranging from about 5 percent to 7 percent, with some 10 percent increases, particularly in the Midwest.
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Officer Hit By Car While Walking to Get Coffee Due Workers' Comp
An Oregon appellate court said that Carolyn McDermed was still at work during her coffee run, since she was expected to perform community policing duties while not in her office.
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Health Care Provider Hopes 'Girls Just Want to Have Funds'
BayCare Health System of Florida has geared a new retirement savings push toward women after realizing that more than three-quarters of its workforce were female, generic savings seminars were not well attended, and women historically haven't been good savers.
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The Midnight Shift Returns as Automakers Boost Output
By the start of 2013, 22 of the 83 assembly plants in North America will operate with three shifts of workers, and nearly half of all vehicles built here will come from a three-shift plant.
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Employee Bonuses Driven By Customer Loyalty at General Motors
For 2012, salaried workers in North America will get a year-end bonus if GM hits an internal customer-retention goal. But it is inside GM's 650-person field sales division that the customer-centric pay structure probably reflects the most striking departure from GM's past.
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Data Bank Focus: Tech Talent
The 2012-13 Occupational Outlook Handbook, released in March by the U.S. Bureau of Labor Statistics, shows the high cost of and growing need for technology talent.
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The Golden Egg of Incentive Pay Policies Is an Elusive Bird
Even with the best-designed programs, companies face challenges in making incentive and merit-pay programs effective in today's economy.
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Compensation Plan Helps Insurance Firm Cash In
The practices can be time-consuming and arduous to implement, but the time taken to focus on talent management has paid off in ConnectiCare's overall success, an executive says.
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Analysis: Corporate Leaders, It's Not About Them. It's About You.
An executive must win the respect of those around him every day to be effective. Failure to do so undermines his or her success.
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Grocery Chain to Indemnify Directors, Officers Against All Litigation Losses
The indemnification agreement that Safeway Inc.'s directors and officers will sign says in part that Safeway's board has determined the agreement is needed 'in order to attract and retain qualified individuals.'
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Employees Increasingly Are Asking Bosses to Show Them the Money
For many workers, perks are now no longer enough. Recently, 'it has been all about the base wage or salary,' a Buck Consultants principal says.
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Pharmaceutical Sales Reps Exempt from FLSA Overtime Rules
The ruling states that under the FLSA, employees are entitled to overtime pay for any hours worked in excess of 40 hours per week. In both cases, plaintiffs had claimed they were misclassified as exempt employees and denied overtime pay.
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Average California Workers' Comp Indemnity Hits $66,922 in 2011
Among other data, the California Workers' Compensation Institute estimates that workers' comp insurers expect to pay out $8.4 billion in claims for accident year 2011, which is an eight-year high.
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Data Bank Focus: Worker Productivity, Employment and Compensation
United States labor productivity has continued to increase since 2001 with a positive change year over year.
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Wal-Mart to Pay $4.8M in Back Wages for Fair Labor Standards Act Violations
The Labor Department said under terms of the settlement, Wal-Mart has agreed to pay all back wages the department determined are owed for violations in addition to paying liquidated damages to the employees and a penalty to the department.
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Steelers Not Liable for Attorney Fees in Player's Workers' Comp Case
Chidi Iwuoma played for the Steelers at various points between 2002 and 2007, with a few short stints with other National Football League teams during that time. Iwuoma was cut from the Steelers in 2007.
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Great Expectations: Survey Finds New Grads Have High Hopes on First Job
Despite spending most of their college years at the depths of the Great Recession, new graduates have high expectations of their earning power. About 40 percent said they expect a starting salary of $50,000 to $75,000 for their first job out of college.
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Woman Injured Having Sex During Work Trip Can Collect Workers' Comp
Her workers' comp claim for facial and psychological injuries initially was rejected, the reports state. But her attorney argued that sex is an ordinary life activity, similar to showering in a motel room.
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Shareholders Rise Up and Reject City Pay Practices
Under the Dodd-Frank reform law, large companies are required let their shareholders vote on compensation matters in elections known as say-on-pay.
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Median Salary for Grads Climbs 4.5 Percent
Graduates earning math and science degree received a median salary of $40,939, up 2.5 percent from the previous year. Computer sciences grads' starting salaries rose to $56,383, up 2.4 percent.
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Insurance Firm CEO Turns Down Year-End Bonus
Hartford's Liam McGee had come under fire this year from the president of hedge fund manager Paulson & Co. and Hartford's largest single stockholder, who urged Hartford to break up the company in order to boost shareholder value.
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Lawsuits Put the Spotlight on Hiring of Interns
High-profile media outlets are targeted by class-action lawsuits as questions of pay and hours draw attention.
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To Email or Not to Email?
Limiting an employee's digital access can decrease an employer's legal liability, attorney Jennifer F. DiMarco writes.
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Employers Struggle to Control Wage-and-Hour Litigation
Employers can minimize the chances of litigation by taking steps that include periodic audits to determine whether employees are being properly classified, as well as careful record-keeping.
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Survey: Health Care Reform Splits Employers
Forty percent of employers want the high court, which is hearing oral arguments this week on the constitutionality of the Patient Protection and Affordable Care Act, to strike down the 2010 law. Still, employers are far from being united in favor of repealing it.
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Coca-Cola Unit Sued for Alleged Racial Discrimination
The lawsuit charges that the 16 plaintiffs 'have suffered from the worst of its ills in terms of biased work assignments and allotment of hours, unfair discipline and retaliation, and a caustic work environment.'
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Obese Workers' Body Mass Data Aids Treatment
Despite the fact that one in three U.S. adults is obese, claims adjusters often do not ask claimants about their height and weight during the initial intake process of a workers' comp claim, employers and consultants say.
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SEC: Financial Advisers Traded on Info Gleaned From AA Meeting
The pair allegedly learned about an upcoming insurance company merger during an Alcoholics Anonymous meeting, where shares rose 64 percent.
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Obesity Problems Weigh on Workers' Comp
Not only are obese workers comp claimants likely to miss more work days than healthy-weight co-workers with similar injuries, obese workers are likely to have higher medical costs and are more likely to become permanently disabled, research has shown.
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Sex Club Shooting Case Goes to Jury for Workers' Comp Fraud Decision
A jury was deliberating the workers' compensation felony fraud case against a correctional guard and his wife who claimed his shooting outside a San Francisco sex club was work-related.
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Judge Rules Law Mandating State Employee Contributions Is Unconstitutional
the law constitutes 'an unconstitutional impairment of plaintiffs' contract with the State of Florida, an unconstitutional taking of private property.'
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Fortune 1000 Firms' Pension Plan Funding Falls to 78% in 2011
The aggregate funding level of 422 pension plans offered by Fortune 1000 companies fell to 78 percent in 2011, down from 84 percent in 2010 and 81 percent in 2009, according to Towers Watson & Co. analysis.
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Staffing Firm to Pay $148,000 in Pregnancy Suit
The lawsuit alleged HCS owner Charles Sisson discriminated against Roxy Leger, the company's bookkeeper, when he made offensive comments about her pregnancy and fired her because she needed to take maternity leave following the birth of her son, according to the EEOC.
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Wall Street's Bonus Pool Gets More Shallow
New York State Comptroller Thomas DiNapoli wades in with his annual tally, estimating a 14% reduction in Wall Street bonuses last year, to $19.7 billion. That's a kiddie pool compared to 2006's Olympic-sized $34.3 billion payout.
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Workin' Hard for the Money: Dancers on the Poverty Line
A new study points out that 40 percent of New York City's dancers work three to five jobs to get by, and a quarter of them are working in restaurants or hospitality to make ends meet.
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Oklahoma Bills Would Allow Employers to Opt Out of State Workers' Comp System
If approved, Oklahoma would become the second state to adopt an alternative workers comp system. Texas has operated a similar opt-out system since 1913.
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Prospects for Boost in Employee Mass Transit Tax Breaks Dim
The history of the higher mass transit tax break goes back to 2009, when lawmakers approved an economic stimulus measure that allowed employees to reduce their taxable salaries by up to $230 a month to pay for mass transit expenses.
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Workers' Comp Assessments 5 Times Higher for N.Y. State Employers: Analysis
The average premium assessment among 32 states that impose the taxes is 4.2 percent. In contrast, New York state employers pay assessments totaling 20.2 percent of their premiums.
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Back Injuries Account for 26 Percent of Workers' Comp Payments in California
Back injuries reportedly comprised 26.3 percent of workers' comp payments in California between 2001 and 2011—the highest percentage of any injury type.
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Personal Finance: Cure the Worry Bug With a Dose of Education
Financial stress and uncertainty are serious workplace issues, a study by MetLife Inc. shows. Seventy-eight percent of employers said concerns over financial problems could have a negative effect on productivity.
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Study: Wage Bill Would Benefit 1M New Yorkers
The study found that 880,100 New York employees earn less than $8.50 an hour. About 352,000 of those are in New York City, about 40 percent of the state total. In the city, 92 percent of those workers are at least 20 years of age.
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GM to Phase Out Salaried Pensions, Shift Workers to 401(k) Plan
About 70 percent of General Motors' 26,000 salaried U.S. workers are enrolled in a defined benefit, or traditional, pension plan. Those workers will be shifted to a 401(k) plan starting on Oct. 1, said Cindy Brinkley, GM's vice president of global human resources.
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Rapidly Growing Older Workforce Demands Employer Attention to Injuries
The number of older U.S.
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State Law Favored Over Feds in Overtime Case
When involved in overtime claims based in state law, employers must initially review applicable state statutes and regulations before relying on federal tests, especially when in California.
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Chrysler Rolling Out Bonuses
Chrysler Group hourly and salaried workers will receive profit-sharing and performance bonuses on Feb. 10, just nine days after the automaker reported a $183 million profit for 2011.
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Golden Parachutes Appear to Be Losing Their Luster
A new report suggests that corporate boards of directors are becoming increasingly wary of so-called ‘golden parachute,' that is, change in control severance agreements.
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Selling Cars Online Is More than a Typical Sales Job
Moving from the showroom to the Internet desk can be a tough transition for a salesperson. Internet car sales require a different skill set from showroom car sales. But if a salesperson succeeds, the payoff is sizable.
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Dolan to Cablevision Employees: Email Me
A week after Brooklyn workers vote to unionize, company boss expresses disappointment in result and promises changes. Union says it's too little, too late.
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NFL Concussion Lawsuits May Turn on Workers' Comp Rules
The pro football league is named as a defendant in 21 suits that allege the league negligently misled at least several hundred players about the dangers of concussions and other head injuries.
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Data Bank Focus: But Real Earnings Fall, Too
The statistic for real earnings provides insight into consumer buying power. It is calculated using average pay, average hours worked and the consumer price index.
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Prepaid Gift Cards Offer the Benefit of Found Money
To reward their workers, nearly half of HR executives are using prepaid gift or credit cards as part of incentive programs and wellness initiatives.
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Novartis Agrees to $99M Settlement in Sales Rep Wage Dispute
The $99 million settlement resolves the wage-and-hour claims brought in 2006, as well as additional wage-and-hour claims covering a more recent time period, according to the joint announcement by Novartis and Sanford Wittels.
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Aon Employees Face Tax Hit in HQ Move to London
Aon spokesman David Prosperi declined to comment when asked whether the company would ease holding requirements on senior executives who must maintain certain percentages of Aon stock.
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Average Tech Pay in Silicon Valley Tops $100,000
For the U.S. as a whole, technology workers reported their average annual wage rose to $81,327 in 2011 from $79,384 in 2010, according to a survey by Dice.
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Court: Ex-Temp Creates Fake W-2s
The former temporary worker, Valerie Yvonne Brown, faces charges of aiding or assisting the preparation of a false or fraudulent document and identity theft, according to the filing.
