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The collapse of several large financial institutions and the accompanying economic meltdown ushered in a new era in the United States, perhaps even in the entire world. Frugality and a new level of contemplation became commonplace. Along with this new sobriety came new rules, designed to prevent (or at least mitigate) what many view as […]
By Larry Karle, Longfellow Benefits While the market crash of 2008 is in the rearview mirror for many participants and plan sponsors alike, the bitter taste that was left due to many people suffering significant hits to the values of their retirement savings and their 401(k) balances remains to this day. In some instances, participants […]
For Holly Monroe, open enrollment and an increase in cardiovascular activity came at the same time each year. When she spotted the representatives from her employer’s voluntary insurance plans, she says, she always took to her heels. “I was one of those people who would run from the insurance people,” she freely admits. Monroe has […]
Recent economic conditions may be compared to torrential rains. It seemed at some points like the downpour just kept coming, and that companies and individuals got more and more panicky as the water kept rising. All of us have been affected in one way or another, but perhaps none more so than the retired population. […]
Who: W.R. Grace & Co. What: Offers on-site medical offices and promotes wellness Results: Lower absenteeism and lower incidence of seasonal flu. Lower turnover and lower heath insurance costs. Increased personal and team productivity. W.R. Grace & Co. not only promotes the benefits of wellness to its 5,900 employees globally, the company makes it easy […]
Myron Ullman III, CEO and Chairman of J.C. Penney, received a total compensation package worth $12.3 million dollars in 2010, a 48% increase from last year, according to the Associated Press. Bloomberg Businessweek reports that while Ullman’s base salary of $1.5 million remained unchanged from 2009, his other benefits far outweighed those of last year. […]
Microsoft has announced plans to shift stock awards into the base salaries for its most valuable workers, proving more cash up front, says Bloomberg. This comes amid news of increasingly competitive compensation practices in the technology sector, with Google, Twitter, and and Facebook camps looking to attract…and keep the best engineers and computer scientists. Some […]
There’s a gap between the amount companies and employees pay in employment taxes, and the amount they should be paying. And guess what? The Internal Revenue Service (IRS) is determined to narrow that gap. Much like going on a diet, the way they plan to shrink it will probably be uncomfortable for many American companies. […]
Litigation Value: minimum $250,000 if Dwight gets the job. C’mon, let’s be honest. You watched the season finale of The Office for the same reason that millions of fans watch NASCAR. You knew a pile-up was coming. And you kind of hoped the crash would be fantastically terrible — so long as no one was […]
Before I headed to the airport today, the president of our company, Bob Brady, handed me a book and said something like, “This is a quick read and I really think you’ll enjoy it.” The book he gave me was The Corner Office: Indispensable and Unexpected Lessons from CEOs on How to Lead and Succeed, […]