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Managing Change

Standard & Poor’s 1,500 Pension Plans’ Funded Status Down 8 Percent in September

October 9, 2009
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The drop during a positive equity market was attributed to the declining yield on ‘high quality’ corporate bonds that caused an increase in the value of pension plan liabilities.
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Bonus Boost—Wall Street Pay Gets Back on Track

August 17, 2009
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A typical bonus in the financial services industry should be up at least 25 percent from last year.
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Michelin Offering Early Retirement in France

June 18, 2009
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The aim of the early-retirement plan is to create vacant positions that can be filled by some of the 500 new hires Michelin expects to make each of the next three years. The company also expects the initiative to rebalance the age profile of its workforce.
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GM’s Downsizing Strategy Moving With Great Efficiency

May 4, 2009
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May 1 marked a soft deadline for accomplishing the first round of layoffs. It also marked the beginning of a pay cut—3 to 10 percent, depending on a person’s rank—for many of the remaining 26,250 salaried workers in the U.S.
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Weaker Staffing Firms Failing as Unions Are Finding Favor

March 19, 2009
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The United States, with a lower temporary penetration rate than other countries, has room to grow in the future, notes one panelist at a forum.
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Obama Labor Appointee Vows to Bolster Unions, Enforcement, Training

December 19, 2008
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The president-elect calls Rep. Hilda Solis ‘a champion of our middle class’ and ‘an advocate for everyday people.’
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Motorola Puts DB Plans, 401(k) Match on Hold

December 17, 2008
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The actions came as the result of ‘the sustained downturn in the global economy,’ co-CEOs say.
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Key Barrier to Mental Parity Bill Removed

May 23, 2008
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A provision in the bill the House passed last year requiring group health plans to cover all mental health care services listed in the American Psychiatric Association’s most recent diagnostic treatment manual was dropped.
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UAW-GM Deal Based On Unrealistic Cost Forecasts

October 26, 2007
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The recently ratified contract between General Motors and the United Auto Workers, details of which were disclosed to the Securities and Exchange Commission, underscores the precariousness of future retiree health care benefits.
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Cuts at Monster Not Expected to Hamper Service

August 28, 2007
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If things go as planned, industry experts say Monster Worldwide’s sweeping cutbacks, which resulted in a 15 percent reduction of full-time staffers, should not have an adverse effect on the products and services that draw HR professionals to the job board.
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