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. The study also found that effective financial education lowers stress, reduces absenteeism and increases productivity among the workforce.Read More
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.Read More
The number of older U.S. workers will continue growing, perhaps at a greater pace than observers expected several years ago, because of the Great Recession's negative effect on worker savings, employers' desire to retain skilled workers, and rising health care costs that are keeping more older employees in the workforceRead More
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.Read More
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.Read More
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. Read More
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.
We are getting ready to recruit graphic designers and want only the best. What is the average salary range for top graphic designers?
—Budget-conscious project manager, services, Ontario, Canada
For a company paying the federal minimum wage of $7.25 an hour (about $15,000 a year for a full-time worker), what if the total compensation for the CEO was capped at 100 times that? That means a CEO's annual income would be about $1.5 million. As pay goes, that's not peanuts. But it also is a far cry from packages that have ballooned for many execs into the tens and hundreds of millions of dollars. Read More