Objectivity and the lack of a political agenda allow a temporary executive to make tough decisions like layoffs and cutbacks.
Articles by Jessica Marquez
Wellness programs and financial education aren’t new to the workplace. But in recent years, companies have been marrying these two concepts.
Despite the recession, Seth Wolk, the new director of human interest at Saatchi & Saatchi, is optimistic about the opportunities that the poor economy offers for the advertising agency. He is hoping to use the economic downturn to get to know the existing talent at the company and poach from outside for certain positions. Wolk recently spoke to Workforce Management New York bureau chief Jessica Marquez.
Given the stock market’s volatility, a number of 401(k) plan sponsors are seriously discussing adding an annuity option to their 401(k) plans.
A growing number of employers are struggling with the best way to inform the workforce of such cuts. Employers want to make sure they convey to employees accurate legal information about the change, but they also want to address workers with compassion—and a clear message that sets the context for the decision.
Once the king of the HRO mega-deal, Hewitt Associates is now doing business on a smaller scale, reflecting a broader industry shift.
Mike Wright, senior vice president of HRO sales and marketing at Hewitt Associates, has learned a thing or two about what makes a good client. He also has learned more than he would have liked about what makes a bad one.
As workers are laid off in growing numbers, some employers are offering them outplacement services—once seen as a benefit exclusively for executives.
Tom Waldron, executive vice president of HR and brand, ING Americas, talks about the decision to cut 7,000 positions this year. ‘You need to treat people with dignity,’ he says.
Despite turmoil in the stock market, many employers with defined-contribution plans are discussing automatically increasing employees’ contributions to them.