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RETIREMENT BENEFITS
Employers Take Action to Retain Retirees
Larry McDaniel knows that the government can't provide a quick fix to the challenges his company faces in retaining retirees. So when the Internal Revenue Service came out with guidelines in May around phased retirement, there was little surprise that they were of no help to his company, Marathon Oil Corp.
Read more about retaining retirees.
Also:
Age Wave: Adapting to Older Workers
Web Site Pairs Older Workers With Firms Seeking Experienced Employees
Retiree Employment Web Sites
Talent Retention Becomes a Recruiting Strategy
Dear Workforce: How Do We Set Goals for Older Workers Willing to Forgo Retirement?
Dear Workforce: How Can I Demonstrate to Managers the Importance of Retention to Our Bottom Line?
Workforce Management's Retention Resources
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HEALTH CARE BENEFITS
Fine-Tuning Pay for Performance in Health Care
Individual companies have run into problems implementing pay-for-performance projects, in which doctors are paid not on the quantity of care provided, but its quality. Now, however, a number of employers are banding together to see if stronger numbers can make the approach work.
Read more about pay for performance in health care.
Also:
Backfire at Boeing: Misadventures in High-Performance Health Care
No Minor Mistake: Doctor's Error, Your Expense
Employer to Fine Unhealthy Workers
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COMMENTARY
Consumerism in Health Care: A Reality Check
The rise of consumerist strategies in providing employee health care is a genuine trend, but is your organization's consumer-directed health plan a genuine effort on the part of all stakeholders? It's time to get real about fulfilling the promise of consumerism.
Read more about the reality of health care consumerism. |
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NEWS AND EVENTS
Quick Takes
Benefits Not Included: In 2005, 60.5 percent of college graduates ages 23 to 27 in entry-level jobs received health insurance from their employers, down from 69.6 percent in 2000.
Click
here to read more.
Against All Odds: Despite all the headlines about companies backing away from providing retiree benefits, a new study by MetLife indicates that smaller employers are planning to expand their retiree benefits.
Click here to read more.
Click
here to read more.
DB-Plan Freezes Slow: The rate at which Fortune
1,000 companies are freezing their defined-benefit plans is
slowing, according to a recent study by Watson Wyatt Worldwide.
Click
here to read more.
FML-Angst: Nearly 40 percent of HR managers say that confusion over implementation of the Family and Medical Leave Act has resulted in mistaken leave being granted, according to a recent study by the Society for Human Resource Management.
Click
here to read more. |
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DISCUSSION
Temporary Employees
Posted in the
Benefits & Compensation Forum:
A reader writes: "Do any companies offer temporary employees benefits—i.e., allow them to contribute to a 401(k)? These would be temporary employees working directly with the employer and not through an agency or staffing company. We have been advised that temporary employees working more than 1,000 hours would be able to contribute to a 401(k)."
Join the discussion. |
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METRICS
Vacation Days
Average paid vacation days by length
of service, exempt and nonexempt employees, 2007
| Service
(years) |
Exempt
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Nonexempt
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| <1 |
8
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6.8
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| 1-2 |
10.5
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9.6
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| 2-4 |
11.1
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10.4
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| 5-9 |
14.4
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13.8
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| 10-14 |
17.3
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16.9
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| 15-19 |
19.5
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19.2
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| 20-24 |
21
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20.8
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| 25-29 |
21.8
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21.6
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| 30+ |
22.1
|
21.9
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| Source:
Compdata
Surveys |
Retirement Income: Expectations and Reality
Largest expected and actual sources of income in retirement
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