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Total Rewards News from WorldatWork

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Total Rewards

Survey Reveals Little Known Opportunities to Help Women Better Achieve a Financially Secure Retirement
September 1, 2010
While half of women are not confident in their ability to retire comfortably, they know and have voiced what they need in order to improve their chances of financial security.
State, Local Government Employment Remains at 16.6 Million
September 1, 2010
The nation's 89,526 state and local governments employed 16.6 million full-time equivalent employees in 2009, statistically unchanged from 2008.
Optimism Among Private Company CEOs Dips Slightly Due to Regulatory, Political and Economic Uncertainty
September 1, 2010
45% of the nation's leading private company executives voiced optimism about U.S. economic growth in the next 12 months -- six points below the previous quarter's 51%, though 11 points higher than a year ago.

More Total Rewards news >>


Compensation

Employer Spending on 2010 Salary Increases and Variable Pay Awards Lower than Originally Anticipated
August 30, 2010
The amount of money U.S. employers are allocating toward pay raises and performance awards indicates their concern about the stability of the economy.
Wage and Hour Litigation Tops List of Employment Class Action Claims
August 26, 2010
One-third of respondents to a 2010 survey of more than 1,800 senior legal and HR professionals indicated that their organization had been hit with a wage and hour claim in the past year.
Pay at Health Insurers Poised for Modest Growth in 2011.html
August 20, 2010
Median salary budget increases for health insurance employees in 2011 are expected to reach 2.9% for executives and 3% for all other employee levels.

More compensation news >>


Benefits

Survey Reveals Little Known Opportunities to Help Women Better Achieve a Financially Secure Retirement
September 1, 2010
While half of women are not confident in their ability to retire comfortably, they know and have voiced what they need in order to improve their chances of financial security.
Older Workers' Confidence in Retirement Security Rebounds, But Remains Below Pre-Crisis Levels
September 1, 2010
While concerns among older workers with defined benefit (DB) plans have eased, younger workers are growing increasingly worried over their DB benefits.
First Round of Applicants Accepted into Early Retiree Reinsurance Program
September 1, 2010
The U.S. Dept. of Health and Human Services yesterday announced the first round of applicants accepted into the Early Retiree Reinsurance Program. Nearly 2,000 employers representing large and small business, state and local governments, educational institutions, nonprofits and unions have been accepted into the program and will begin receiving reimbursements for employee claims this fall.

More benefits news >>


Work-Life

Despite Some Bright Spots in the Economy, Workers Still Overwhelmed this Labor Day
August 25, 2010
Two years from the start of the recession, U.S. workers continue to have little optimism about the direction of the economy, remain insecure about their jobs, and feel burdened and overworked.
Nearly 70% of Workers Wish for Workspaces that Allow Both Sitting and Standing
August 19, 2010
Two-thirds (67%) of U.S. office workers wish their employers offered them desks that could be adjusted so they could work either seated or standing.
Employee Engagement Remains Low, Study Finds
August 13, 2010
Overall employee engagement at work (knowing what to do and wanting to do it) remains low, with engaged employees representing 52% of nearly 2,000 workers surveyed online from a wide range of age groups, industries and levels of responsibilities.

More Work-Life news >>


Canada

Ontario Government to Propose Broad Reforms to Strengthen Pensions
August 25, 2010
This fall, Ontario will propose a package of reforms to address almost 40 recommendations from the Expert Commission on Pensions.
Canadian Compensation Planning for 2011 Is Back to Cautious Normal
August 19, 2010
Canadian employers reported they awarded pay increases this year as planned in 2009 and project average base-pay increases of 2.9% for 2011.
Market Volatility to Blame for Global Pension Funding Declines
July 15, 2010
After three consecutive quarters of improvement, significant decreases in global equity markets and interest rates led to a decline in the overall financial status of pension plans in the second quarter of 2010.

More Canada news >>


Global

DB Continues Evolving with Multinational Company Contributions Cut as Part of Pension Redesign
September 1, 2010
Companies making changes to their defined benefit (DB) plans in 2010 are drastically cutting back on their contribution rates as part of the redesign of their pension plans.
DC Pension Pots Recover as Annuity Rates Drop
August 31, 2010
Cheaper annuity rates and considerable improvements in equity markets mean the retirement outlook for members of defined contribution pensions have significantly improved compared to only a few months ago.
Employers Underestimate Risks Associated with Poor DB Membership Data
August 27, 2010
Most UK employers operating defined benefit pension plans are underestimating the risks and failing to understand the effect of poor quality membership data.

More Global news >>


HR Profession

Survey Reveals Little Known Opportunities to Help Women Better Achieve a Financially Secure Retirement
September 1, 2010
While half of women are not confident in their ability to retire comfortably, they know and have voiced what they need in order to improve their chances of financial security.
State, Local Government Employment Remains at 16.6 Million
September 1, 2010
The nation's 89,526 state and local governments employed 16.6 million full-time equivalent employees in 2009, statistically unchanged from 2008.
Optimism Among Private Company CEOs Dips Slightly Due to Regulatory, Political and Economic Uncertainty
September 1, 2010
45% of the nation's leading private company executives voiced optimism about U.S. economic growth in the next 12 months -- six points below the previous quarter's 51%, though 11 points higher than a year ago.

More HR profession news >>