Employment Stats 2/6/10
Weekly Jobless Claims (Seasonally Adjusted), Week Ending 2/6 (reported 2/11) 440,000
Weekly Jobless Claims Change from Previous Week (seasonally adjusted) -43,000
Payroll Employment (Nonfarm Jobs Created or Lost), January -20,000
Unemployment Rate, January 9.7 percent
| This Week in HR: 401(k) Match Is Back, Survey Finds By Vault |  |
401(k) Match Is Back, Survey Finds
Eighty percent of employers that reduced or suspended their matching 401(k) contribution in 2009 are planning to restore it in 2010, according to a survey of mid- to large-sized organizations by Hewitt Associates, a consulting firm. HR.BLR.com
The details behind Obama's plan for mandatory retirement accounts
President Obama wants legislation passed that would require all businesses to offer automatic retirement accounts. The devil's in the details.
The plan, part of a tax package aimed at middle- income Americans, would let employees automatically enroll in direct-deposit IRA accounts and expand matching tax credits. HRMorning.
Can Benefits Drive Innovation?
Giving employees more autonomy can foster innovation as well as job satisfaction, according to a recent book. But is there a connection between autonomy and long-term wellness? Can organizations incent long-term, sustainable lifestyle-behavior change? Human Resource Executive
| Company News: BofA HR chief Steele Alphin to retire By Vault | |
BofA HR chief Steele Alphin to retire
Bank of America said Thursday that Steele Alphin, chief administrative officer and one of former CEO Ken Lewis' most trusted lieutenants, will retire.
Effective immediately, Andrea Smith is the Charlotte, N.C.-based bank's global human resources executive. Bizjournals
RSC Holdings Appoints New Senior Vice President, Human Resources
RSC Holdings Inc. , one of the largest equipment rental providers in North America, announced today that it has appointed Mark W. Krivoruchka to the position of Senior Vice President, Human Resources. Mr. Krivoruchka is expected to assume his duties on March 8, 2010, and succeeds Bob Fox, who has agreed to resign and will pursue other opportunities. MarketWatch
LOUISVILLE, Ky. ? The insurer Humana said Wednesday it will cut about 2,500 positions as it adjusts to a smaller enrollment. Its Medicare enrollment slid 24 percent last year to 3.4 million people, while its commercial enrollment fell 6 percent to roughly the same amount. Associated Press
| New From Vault! By Vault | |
In homage to CBS' new show "Undercover Boss," our finance editor got to wondering what would happen if certain personalities from the finance world appeared on the show. Here is his light-hearted take on a plot treatment:
Episode #1: Lloyd Blankfein, Goldman Sachs CEO
First we interview Lloyd for a first-year analyst position and watch him perspire then sweat. We pepper him with all the typical questions such as: How many pieces of pizza are eaten each three minutes on the island of Manhattan? What's the angle between the minute and second hand when a clock reads 3:23 p.m.? Name three of your biggest failures and how it felt to be a failure and who you told about your failures and what you did after you failed to make yourself not feel like such a failure? Finally, we ask the impossible: Why investment banking?
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