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Total Rewards News from WorldatWork

Total Rewards News

Newsline

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.
Workers See Advantage of Adding Certifications During Recession
January 6, 2009
A recent survey of more than 500 Microsoft Office certified workers from the United States and Japan found that 70% of respondents believe their certification favors them to be hired in a recessionary economy before other non-certified candidates.
Employee Resolutions Call for Company-Sponsored Wellness Programs
January 5, 2009
A survey of more than 700 working adults by Workplace Options found that 63% of respondents want their company to offer wellness programs to employees, including coaches and diet workshops, to help maintain a healthy lifestyle.
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.
Pension Relief Measure Signed into Law; Members of Congress Urge RMD Relief
December 24, 2008
The Worker, Retiree, and Employer Recovery Act (H.R. 7327), legislation to provide defined benefit (DB) plan funding relief and other technical corrections to the Pension Protection Act of 2006 (PPA), was signed into law by President Bush yesterday.
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.
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.
Fewer Employees Willing To Pay Higher Health Care Premiums
December 19, 2008
A recent survey showed only 19% of employees (compared to 38% in 2007) are willing to pay higher health-care premiums to keep deductibles and co-pays lower and more predictable.
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.
Economy No Deterrent to Taking Time Off During Holidays
December 18, 2008
A new survey of more than 2,000 workers shows that despite the economy, a vast majority plan to take their planned holiday time off and some plan to take more time off than in years past.
Workplace Productivity Dips During Holidays
December 17, 2008
The holiday season makes our waistbands tighter and our productivity dip, according to a new study that found 62% of companies reported workplace productivity takes a holiday during the holidays.
Plan Sponsors Say Specialty Meds are the Source of Rising Drug Costs
December 16, 2008
The cost of health-care is rising and more than half of plan sponsors say specialty medications are the leading cause of rising drug costs.
Companies Turn to Dedicated Departments, Outsourcing to Track Leaves of Absence
December 16, 2008
In an effort to understand employee leaves of absense and their effect on the bottom line, companies are shifting the administration of their leave of absence programs to internal, dedicated groups or to an outsourcing partner.
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.
Employees Want To Be Challenged by Coaches
December 12, 2008
The most-valued benefit of employee coaching is being challenged by the coach, according to a new study.
Despite Money Woes, Companies Still Plan To Throw Holiday Parties
December 12, 2008
A new survey shows that most companies plan to continue providing employees with holiday bonuses this year, though the value may be slightly lower than in the past.
Contributions to Health Savings Accounts Increased in Last Two Years
December 11, 2008
Employer contributions to participants health savings accounts (HSA) and individual contributions increased between 2006 and 2008, research shows.
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.
WorldatWork Signs Open Letter Urging Pension Relief
December 10, 2008
WorldatWork has signed an open letter to Congress urging them to enact technical corrections to the Pension Protection Act of 2006 before the end of the year in order to bring relief to businesses that offer pension plans.
Requests for Help Through EAP Up Significantly
December 10, 2008
A new survey of members of the Employee Assistance Society of North America found an 88.2% increase in requests for financial services...
Health-Care Premiums Eliminated in Alberta; Employers to Reinvest in Employees
December 10, 2008
It was announced in April 2008 that annual premiums of $528 for individuals and $1,56 for families in Alberta will be discontinued Jan. 1, 2009.
Three-Quarters of Employers Offer Some Type of Holiday Bonus
December 3, 2008
More than half of companies surveyed recently offer a cash bonus to their employees during the holidays.
Three-Quarters of Employers Say Phased Retirement Important to HR Strategy
December 2, 2008
An emerging, important element of human resources strategy in the next five years is phased retirement programs, say three-quarters of employers in a recent survey.


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