Retirement Confidence Plummets Among U.S. Workers
April 16, 2008—EBRI has been tracking American workers' confidence in being able to afford a comfortable retirement for 18 years. This year, EBRI's Retirement Confidence Survey results show that this level of confidence has dropped precipitously from 2007, reflecting "the biggest one-year drop" in the history of the survey.
DOL Sues Firm for Causing $25 Million Loss in Pension Funds
April 15, 2008—The U.S. Department of Labor has sued a Chicago-based firm and its executives for improperly causing more than $25 million in losses for five Michigan pension funds. DOL says that executives of AA Capital Partners Inc. misused assets to benefit themselves and by charging the plans excessive investment management fees.
Poll: Job Market Doesn't Favor HR Pros
April 15, 2008—The majority of HR professionals believe that the current supply of and demand for those in their profession does not work in their favor, according to a recent Compensation.BLR.com poll.
Is 'Doing' the Same as Being 'Responsible for'?
April 14, 2008—Six Georgia paramedics who were switched from nonexempt to exempt status charged that their reclassification violated the Fair Labor Standards Act (FLSA). Because they had become firefighters, the county made the change under a congressional amendment to FLSA. The paramedics disagreed.
Survey: HR Pros Support Proposed FMLA Changes
April 11, 2008—Human resource professionals support recently proposed regulations covering the Family and Medical Leave Act (FMLA), according to a survey by WorldatWork.
Must Exempts Get Time-and-a-Half for Extra Work?
April 10, 2008—A large group of Maryland corrections workers filed a grievance over a new requirement that they fill in for nonexempt employees after their regular hours. The governor had ordered the prison system to reduce overtime by $127,000 a year, and having exempt officers perform extra duties was how the system coped with the mandate.
NJ Passes Paid Family Leave Legislation
April 09, 2008—Lawmakers in New Jersey have approved legislation that will establish a paid family leave program in the state.
Top 10 Compensation Stories in Last 90 Days
April 08, 2008—The following 10 articles are the most popular among Compensation.BLR.com readers in the last 90 days. The articles are available to both subscribers and non-subscribers.
Poll: Many HR Pros Have Relocated to Land a Job
April 08, 2008—Who knew that HR professionals were such a daring bunch? The majority of you report that you have either moved to another state in hopes of landing a good-paying job or would consider doing so, according to a recent Compensation.BLR.com poll.
Salary Freeze: In Your Company's Near Future?
April 07, 2008—A new survey conducted among HR compensation executives and CEOs produced some chilly findings, as nearly 1 in 3 respondents reported that they are freezing or considering freezing salaries in response to the economic downturn.
