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In the early 2000s, corporate and accounting scandals involving Enron, Tyco, WorldCom, and other publicly traded companies cost investors billions of dollars and prompted federal legislation to reform corporate financial practices. The Sarbanes-Oxley Act (SOX) covers everything from mandatory financial disclosures to enhanced penalties for white-collar crime to requiring a company’s CEO to sign corporate […]
In his 3-decade career with Bosch Rexroth, Mike Bryan has trained nearly 770 apprentices and continuously demonstrated his support for developing science, technology, engineering, and mathematics (STEM) skills among the next generation of workers. His efforts were recently recognized by the German American Chambers of Commerce (GACC), which presented Bryan with its Trainer of the […]
The National Labor Relations Board (NLRB) has set two days of meetings in April to hear opinions on proposed changes to rules governing union representation elections. The NLRB will meet for April 10-11 at its headquarters in Washington, D.C., to allow members of the public to present their views on what probusiness interests have labeled […]
The U.S. Department of Labor’s (DOL) Office of Federal Contract Compliance Programs (OFCCP) has posted new resources on its website to help federal contractors comply with new regulations pertaining to recruiting people with disabilities and veterans. New regulations going into effect March 24 strengthen requirements under the Vietnam Era Veterans’ Readjustment Assistance Act (VEVRAA) and […]
A recent study by Bersin by Deloitte revealed that overall spending on training rose 15 percent to $1,169 per learner on average in 2013. The rise in training spending is a signal that businesses are responding to a growing skills gap as the economy recovers by investing more in employee development. The findings appear in […]
by Bart Sisk, David Jaqua, and Valeria Gomez The votes are in, and the wait is over. In what can only be characterized as a major setback for organized labor, Volkswagen’s Chattanooga employees have voted to reject union representation by the United Auto Workers union (UAW). Eighty-nine percent of Volkswagen’s Chattanooga employees participated in the […]
The Census Bureau has reported that in fall 2012, more than 50 million U.S. adults, or one in four, had obtained a professional certification, license, or educational certificate apart from a postsecondary degree awarded by colleges and universities. Among the adults included in the report, 12 million had both a professional certification or license and […]
Facing high sales attrition, slow time-to-quota for newly hired sales reps, and too few sales reps achieving quota, SuccessFactors turned to its Learning Team in early 2012 to rectify the situation. By the end of 2012, the team’s efforts had already paid off. Overall sales attrition had dropped by 80 percent compared to new sales […]
In yet another unexpected turn in the implementation of the Affordable Care Act (ACA), the Obama administration announced Monday that it is delaying the application of the law’s employer responsibility provision (also commonly referred to as the “play or pay” provision) for some small employers until 2016. The administration let the public know about the […]
The National Labor Relations Board (NLRB) is reprising its 2011 effort to change the rules related to union representation—an effort that sparked opposition from employers then and will surely do so again. A statement from the NLRB says that in substance, the proposed amendments are identical to the representation procedure changes first put forth in […]