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Under the FASB’s proposal, all forms of share-based payments to employees, including stock options, would have to be reported as expenses on corporate financial statements. Current rules require that the fair value of stock options be disclosed only in financial statement footnotes. For more information, go to the FASB website.
New California Division of Labor Statistics figures show that workplace fatalities declined last year even as employment numbers rose. In 2003, 456 of the state’s 16,283,000 workers were fatally injured on the job, down from 478 out of 16,215,000 in 2002. The causes of fatalities in 2003 were transportation incidents, accounting for 38 percent of […]
A federal judge recently granted final approval of a settlement resolving a class action race bias lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC) against Walgreens Co., the nation’s largest drugstore chain. Under the settlement, Walgreens will pay over $24 million to approximately 10,000 African-American workers who charged they were discriminated against in […]
Employers may soon be able to screen out applicants who have a history of stealing. A private database called TheftNet lists workers who have admitted or been convicted of workplace theft or shoplifting from participating employers. Although TheftNet is currently available only to very large companies, plans are under way to make the information accessible […]
Can you scrap the results of a job qualification test if you discover after administering it that the test may be racially biased? The U.S. Supreme Court is considering this issue right now.
According to new figures from ADP Employer Services 2005 Screening Index, employment background checks were up by 12 percent in 2005 over the previous year. ADP reports that it conducted 4.86 million background checks in 2005, compared to 4.3 million in 2004. Forty-nine percent of the 2005 checks revealed a data inconsistency in education, employment, […]
New legislation has been introduced at the federal level to prohibit employers from discriminating against individuals because of their sexual orientation or gender identity.
Many commuters may not know it, but the Transportation Security Agency (TSA) purview extends to passenger trains, even the light rail cars you may take to work. Next time the conductor looks at you funny, it might be that he or she is collecting “threat” data to transmit to the TSA. The TSA, that ubiquitous […]
Inc.com, the website for Inc. magazine, publishes a monthly Business Book Bestseller List. Here is the list for January 2011. 1. How: Why How We Do Anything Means Everything…in Business (and in Life) by Dov Seidman. A guide for companies and their leaders to achieve sustainable profit without compromising core values. 2. Rich Dad’s Prophecy: […]
“If at first you don’t succeed, try, try again,” goes the old saying. Heeding that advice, legislators recently introduced two new bills that would expand employee protections under the Fair Labor Standards Act, recycling similar bills that failed in past sessions of Congress. One bill, introduced in both houses of Congress, would extend FLSA coverage […]