Growth
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Ford to Add 2,200 U.S. Salaried Workers This Year
The hiring surge is the largest increase in salaried workers in more than a decade, the company said in a written statement.
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Report: Big Apple's Job Growth Predicted to Slow
A report by the Independent Budget Office says city's diversifying economy won't be enough to pick up a sagging Wall Street. The good news: office space bargains.
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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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Health Care Adds 30,500 Jobs in October
Health care employment totaled 14.45 million as of October. For the year ended in October, health care hiring increased by 296,300, or 2.1 percent. Last month's health care hiring was above the monthly average for the prior 12 months of 24,700 new jobs.
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Automakers Try New Recruiting Strategies to Fill Engineering Vacancies
Threatened by a chronic shortage of engineers -- exacerbated by years of industry restructuring -- auto companies are having trouble filling job vacancies in Detroit now that the industry is coming back to health.
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Oklahoma Attorney General Refiles Suit to Block Health Reform Provisions
The amended lawsuit argues that the IRS' regulation directly contradicts the Patient Protection and Affordable Care Act's original language regarding the exchanges and—more specifically—the premium subsidies, which carry significant financial penalties for certain employers that do not...
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Small Bank Spies Hiring Opportunity
New hires have been attracted to the bank because it doesn't have layer upon layer of management, so its bankers have a closer working relationship with clients than they would at a larger bank.
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Towers Watson 2010 Merger Fuels Top Consultant Firms' Growth
At Towers Watson, a merger between Towers Perrin and Watson Wyatt in January 2010 spurred most of its growth, according to a company spokesman. The firm, which ranked No. 2 on Crain's list, reported 801 local professionals in 2011, up from 204 in 2010.
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Crain Buys Stake in Internet Week New York
Crain Communications Inc. expands its Web presence by taking over the management of the weeklong festival featuring the best of the Web.
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Survey: Health Care Workers' Confidence Drops
A survey found that 43 percent of healthcare workers believe the economy is weakening, up from 27 percent who said the same in the first-quarter survey.
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General Motors' CEO Dan Akerson Urges Employees to 'Behave With Integrity'
Akerson told employees he wants to focus GM more on brands and customers, and better position the company to survive the next 50 or 100 years.
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On-Site Wellness Programs See Growth, Gain Support of Senior Executives
For a majority of employers, the lack of ROI data has not stemmed incremental expansions in the types of services offered at the on-site centers.
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Goodyear Commits to Hiring 1,000 U.S. Military Veterans
Goodyear said it will hire the veterans over the next three years through its partnership with the U.S. Chamber of Commerce's Hiring Our Heroes program.
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Auto Industry Execs: We're Hiring
In the past year, IAC Group North America, the big interior supplier, has hired about 350 employees at its Belvidere, Illinois, plant to supply interiors for the Dodge Dart and Jeep Patriot and Compass made at Chrysler Group's plant there.
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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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CareerBuilder: Expect More Temps on the Job
A new survey by the job board giant sees a spike in temporary hires but also found that employers plan to hire more permanent, full-time employees.
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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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Employee Benefits Broker Hylant Group Acquires Employee Benefits Agency AGIS
As a result of the acquisition, AGIS clients will now have access to the full range of resources available to them through Hylant's employee benefits practice.
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U.S. Health Care Spending Sees Modest Increases
The recent modest increases contrast sharply with the explosive growth in health care expenditures of just a few years ago. From 2001 through 2003, increases in health care spending averaged nearly 9 percent. And as recently as 2007, costs leaped 6.2 percent.
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Health Savings Account Enrollment Surges 18 Percent
The key factor driving HSA growth is that premiums for high-deductible health insurance plans, which the law requires be linked to HSAs, tend to be lower than more traditional health plans, according to numerous surveys.
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Health Care Adds 19,000 Jobs in April, 7,000 Fewer Year Over Year
U.S. unemployment held steady last month at 8.1 percent as the overall economy added 115,000 jobs. Hospitals added 4,100 jobs in April for growth of 0.1 percent to bring total hospital employment to 4.8 million. For the year that ended in April, hospital employment grew by 95,100 jobs, or 2 percent.
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SAP Gets ‘SaaSy' With SuccessFactors Acquisition
To some observers, SAP's acquisition of SuccessFactors gives the German conglomerate immediate credibility in SaaS—also called cloud computing.
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Behind the Management Shake-Up at Financial Firm LPL
Outsiders said such changes in management were to be expected in a company that has evolved over the past decade from a closely held, private firm to a publicly traded company with a market capitalization of $4 billion.
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Take This Job and Love It: Financial Planners, HR Leaders Rank as Top 5 Jobs
At an average midcareer salary of $104,000, financial planners out-earn the rest of the top 10 professions. Those in HR leadership positions average just over $99,000.
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Staffing Revenue Rising Faster Than Expected in 2012
Overall, revenue growth above the trend-line for the past 16 years will continue in 2012 with some segments of staffing punching through pre-recession peaks.
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Home Depot Renovates 401(k) Plans to Add Value, Cut Costs
The plans offer a core lineup of 12 options, in addition to the target-date series and a self-directed brokerage window to accommodate participants who want greater access to mutual funds, exchange-traded funds and stocks.
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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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Colorado Auto Dealers' Recruiting Plight Reflects National Trend
Across the country, dealers face a similar challenge, especially in attracting young people who embrace technology. Dealers want experienced or educated people who want a career in the auto industry.
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GM Pension Plan Underfunding Rises in 2011
To reduce liability growth, GM will completely freeze defined benefit plans covering salaried employees, effective Oct. 1, completing a process it began several years ago.
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IT Employment Hits All-Time High
On an annual basis, IT jobs were up 3.4 percent in 2011, more than double the rate of growth that IT employment experienced in 2010 of 1.5 percent.
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Aon Revenue Surges to $11.29B Largely on Hewitt Purchase
Revenue for its human resources solution unit increased 113 percent to $4.5 billion.
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Push for Green Jobs: An Interview With David Foster of the Blue Green Alliance
The executive director of the not-for-profit group Blue Green Alliance is an advocate for renewable energy, recycling and energy efficiency, all things he says will help push our overall economy forward.
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Worker Optimism About Retirement Security Grows: Towers Watson
One factor boosting employees' confidence level is the growth in many employees' 401(k) account balances, according to the study.
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Kraft to Cut 1,600 Jobs in U.S., Canada
The Northfield, Illinois-based company will reorganize its domestic sales team, consolidate its U.S. management centers and trim the corporate and business units.
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U.S. Health Care Spending Totaled Nearly $2.6 Trillion in 2010
In 2010, total U.S. health care spending hit $2.593 trillion, or $8,402 per person. While a record, expenditures rose only 3.9 percent in 2010, up slightly from a 3.8 percent increase in 2009, according to statistics compiled by researchers at the Centers for Medicare & Medicaid Services.
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Recruit Co. Lands Staffing Firm for $410 Million
It marks the latest large-scale acquisition for Tokyo-based Recruit, and will result in Advantage Resourcing divesting most of its non-Japanese operations.
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Today's Workforce—Pressed and Stressed
While politicians and pundits fret about unemployment and underemployment rates, growing numbers of employees are under pressure to do more. The resulting “work-more economy” threatens not just workers' sanity but companies' long-term success.
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IBM Announces Vendor Management System Acquisition
The acquisition is part of the company's 'Smarter Commerce' initiative begun in March 2011 and aimed at helping companies respond to shifting customer buying patterns.
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Wealth After an IPO Can Cause Employees to Go
On an individual level, employees who have suddenly gone from Joe Blow to King Midas may have serious problems coping with the change. Experts call it ‘sudden wealth syndrome.'
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Nothing Seems to Be Clicking
Experts predict that the hiring drought, which has overtaken the U.S. employment landscape over the past few years, will continue in 2012 as companies are still cautious about the recovery.
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SHRM Survey Reveals Help Wanted Sign is Out—Sort Of
Companies this past year began hiring replacements for laid-off workers, but the percentage hiring for new jobs took a nosedive.
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Groupon puts Employees—and Investors—on Notice as IPO Nears
The Chicago-based website offering deep discounts on local businesses has been more aggressive in doing performance reviews, starting earlier this year. It raised quotas and began holding employees more accountable to those targets and forcing out those who couldn't hit them.
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U.S. Employment Index Continues to Climb
The Conference Board’s U.S. employment trends index rose in February to a reading of 101.7, its fifth straight increase.
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Planned Cos. Optimas Award Winner for Vision
For its commitment to career training in an unglamorous, high-turnover industry not known for employee enrichment, Planned Cos. is the recipient of the 2010 Optimas Award for Vision.
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U.S. Navy Optimas Award Winner for Service
For creating an outreach program that will help the recruitment efforts of the entire organization, the U.S. Navy is the winner of the 2010 Optimas Award in the Service category.
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NYC Unemployment Drops for Fourth Consecutive Month
April brings a single-digit jobless rate to the city—9.8 percent, compared with 10 percent in March. Recovery might finally be kicking in, economists say.
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Illinois Jobless Rate Makes First Dip in Three-Plus Years
Illinois reports improvement in the jobs picture for the first time in three years, with 19,100 new jobs added in April and 51,500 hires for the year to date. But the unemployment rate remains at high levels.
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Michigans Jobless Rate Dips to 14 Percent in April
The unemployment rate in Michigan improved only marginally in April, according to new figures released by the state. Although state regulators say the workforce has been increasing, year-over-year comparisons show the unemployment rate has grown since April 2009.
