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U.S. House to Vote on Ledbetter Pay Discrimination Bill and Paycheck Fairness Act

January 6, 2009

U.S. House leadership has confirmed that the House will consider both the Lily Ledbetter Fair Pay Act and the Paycheck Fairness Act in its first week of the 111th Congress.

Boards of Directors See Rise in Compensation, Meeting Fees

December 31, 2008

Annual adjustments to outside director compensation were made by 68.2% of organizations that responded to a recent survey by Watson Wyatt Data Services.

CEO Pay Moves Away From Cash, But Still on the Rise

December 24, 2008

While the recent catastrophic events in the U.S. financial markets will most certainly dramatically affect CEO compensation reported in 2009, changes are already underway. The results of a new survey show that among other trends, CEO compensation is moving toward stock and away from cash and stock options.

President George W. Bush Signs Pension Relief Measure.html

December 24, 2008

President George W. Bush signed the Worker Retiree and Employer Recovery Act into law. This bill makes some technical corrections to the Pension Protection Act of 2006 (PPA) and will provide funding relief to business with pension plans.

Companies Making Changes to Post-Retirement Benefits

December 22, 2008

A new survey shows that 21% of Canadian companies expect to make reductions in the benefits they provide for retired employees in the next three years, compared to the 5% that expect to make improvements in the same time period.

U.K. Workers Prefer Cash Bonus to Holiday Party

December 19, 2008

Ninety percent of respondents to a recent survey said they would prefer cash to a Christmas party, extra holiday or shopping vouchers; only 3% of respondents said they would prefer a Christmas party.

Corporate Giving Up Slightly From 2006

December 19, 2008

Among nearly 200 major corporations and corporate foundations, total giving was $10.97 billion in 2007, which is up slightly from $10.2 billion in 2006.

Americans to See Lowest Pay Raises in 32 Years

December 18, 2008

A survey of compensation budgets found that the current economic situation and/or cost pressures have prompted 50% to make significant changes to their base salary spending for 2009, 25% are considering base salary changes.

U.S. Companies Cutting Back on Annual Bonuses and Long-Term Incentives for Executives

December 15, 2008

A new survey found that 49% of U.S. companies plan to reduce the size of their executive bonus pool compared to what they provided last year ...

Recent College Grads Unwilling to Budge on Employment Aspects

December 15, 2008

Even in a down economy where layoffs are top news, college grads wont compromise on certain key points.

Pension Funding Relief Passes Congress

December 15, 2008

Both the U.S. House of Representatives and the U.S. Senate have adopted by unanimous consent H.R. 7327, the Worker Retiree and Employer Recovery Act.

House Passes Auto Bailout Bill, Senate Rejects Bill

December 12, 2008

In a 270-137 vote, the House on Wednesday passed a compromise bill authorizing up to $14 billion in short-term bridge loans to Ford, GM and Chrysler. After debating late into the night, the Senate on Thursday failed to gain the needed votes to pass the Automaker bailout bill.

Companies Making Cuts Selectively

December 12, 2008

A new survey shows that the majority of multinational companies are attempting to be selective when planning next years workforce, compensation and benefit cuts.

Recession Not Keeping Workers From Saving for Retirement

December 11, 2008

A recent survey found that the percentage of workers who plan to continue contributing to their savings plans at their current rate remains nearly unchanged from the past two years.

Average Employer Cost for Compensation Nearly $30 Per Hour in September

December 11, 2008

Employer costs for employee compensation for civilian workers averaged $28.87 per hour worked in September 2008, according to information released this week by the Bureau of Labor Statistics.