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Wages and Hours

S&P 500 Firms Push Funding of Defined-Benefit Pension Plans

May 20, 2008
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Several elements contributed to the overfunded pension position of the S&P 500 companies in 2007. Plan sponsors invested heavily in international markets, especially emerging markets, and gains abroad helped offset a subpar year in the U.S. markets.
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Hewitt Acquires Absence Management Provider

April 29, 2008
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Hewitt is acquiring LCG, a provider of absence management services. While the acquisition isn’t a big one, it does prove that Hewitt is working to build on its core strength—its expertise on HR issues, analysts say.
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FLSA Does Not Require Pay for College Training

April 25, 2008
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Employers are advised to review FLSA regulations with regard to whether time spent to complete job-related education constitutes hours worked for which pay is required.
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A Tipping Point for Starbucks

March 28, 2008
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There’s more at stake than money in a recent court decision that ordered Starbucks to pay California baristas more than $100 million in back tips and interest. The ruling undercuts the company’s image as a fair and cooperative place to work. Starbucks is fighting back.
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UAW Seeks Job Guarantees to End Strike at American Axle

March 17, 2008
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The union is nervous that the company will move future GM work to its Mexican operations if progress isn’t made.
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Judge OKs Settlement in New York Life ERISA

March 12, 2008
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Some $4.2 million of the settlement goes to attorney fees and administrative costs. The remaining amount will be deposited in the New York Life retirement plans to directly benefit the plans’ participants involved in the settlement class.
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N.Y. Fines Businesses $4 Million for Misclassified Hourly Workers

February 12, 2008
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New York state Labor Commission officials said Monday, February 11, that they have fined businesses more than $4 million for illegally classifying workers as independent contractors, but that they had only scratched the surface of an extensive problem.
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Bush Proposes Adding Health Costs to W-2 Statements

February 6, 2008
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Employers would be required to report the cost of health insurance coverage they provide to employees on annual W-2 wage and income statements under a recommendation by the Bush administration.
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The Wage and Hour Class-Action Epidemic

January 30, 2008
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There have been a number of significant developments recently in California state and federal courts that affect employers with nationwide operations. This article highlights a few key recent decisions and offers practical strategies to prevent future claims.
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IBM Cuts Base Salaries by Switching 7,600 Workers to Nonexempt Status

January 24, 2008
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IBM will reclassify 6 percent of its U.S. workforce into pay scales that will lower base salary but will allow workers to earn overtime pay.
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