Before Ohio's $8 billion budget shortfall drama this spring and the ensuing furor over government employee benefits and bargaining rights, state and local governments had already been shedding jobs. To fill the manpower gap, Ohio governments are increasingly relying on part-time workers to fill the gap, a Dayton Daily News analysis of U.S. Census data found. In the 12-month period ending in March 2010 -- the most recent numbers available -- Ohio state and local governments had shrunk by the equivalent of more than 12,000 jobs, about a 2 percent reduction, according to data from the Census Bureau's annual survey of government employment. Nationwide, the survey shows almost 220,000 jobs disappeared from state and local governments during the period, about a 1.3 percent decrease.
American companies increasingly outsource and offshore jobs, cut employee benefits, substitute contingent or contract workers for regular or permanent employees, eliminate traditional career path. Corporate executives behave like they think the way to boost productivity is to reduce wages and operate by command and control. The nicer popular approach to managing large, labor intensive organizations is to be a Low-Cost Operator -- large grocery, discount, fast-food and mall-store chains where price is king use it, as do many service and high-volume manufacturing businesses. Many of the best-paid jobs in America are found at Global-Competitor companies. Characterized by their enormous size and geographic reach, these corporations compete through the financial capital, skills, knowledge an...
It's a long, slow escalator ride up to the fifth floor of the Rhode Island Convention Center, a cavernous glass and steel structure in downtown Providence, site of the April 27 annual meeting of IBM stockholders. Providence was an unexpected choice of cities for Big Blue, or so I'm told by Ralph Montefusco of Burlington, who's outside the convention center protesting IBM's offshoring of jobs and cuts in employee retirement benefits. This is a fiercely pro-labor city, he points out, and a short drive from five major IBM facilities in New York and New England. As a result, Montefusco is predicting one of the largest demonstrations ever at an IBM stockholder meeting. "Honestly, I don't why they picked Providence," he says. "We kept expecting it to be in Kuala Lumpur or something. Mr. [Sa...
According to new industry research, employee benefits education and communication are fast becoming the top jobs for agents and brokers who are trying to build a larger and more diverse book of benefits business. And as employers cut back their human resources departments, the producers that can provide year-round education and communication services have an edge over competitors who can handle only annual renewals and enrollment periods. The Workplace Benefits Association in Windsor, CT, and LIMRA in Hartford, CT, surveyed 230 benefits industry executives, including more than 100 active producers, for their joint study, Worksite Marketing: An Insider's View. The survey report notes that respondents say that communication is critical to effective employee benefits marketing and that emp...
An employee who switched jobs allegedly as the result of his employer's promises regarding pension benefits may not recover expectation damages, but may sue for reliance damages, the 6th Circuit has ruled. The plaintiff, a veterinary pathologist, sued his employer, claiming that he left his prior job based on a promise by the defendant's recruiting manager that he would be eligible for full retirement by age 62 and would receive a monthly pension allowance of approximately $3,100.
It is a waste of taxpayer money to bailout Detroit's Big Three auto companies. These companies have been in secular decline for at least two generations. Their automobiles have been less fuel efficient, of lower quality, less inspiring and more expensive than the automobiles of foreign-owned competitors. Back in the 1980s, the government bailed out Chrysler. Now Chrysler, accompanied by GM and Ford, is back at the public trough. iPublic bailouts of failing com- panies only postpone the inevitable demise of these companies. Let the creative destructive force of this recession euthanize an inefficient group of companies by forcing them to reorganize or go out of business. Since the federal government is debating the size and form of a bailout, let us examine the rationale for a public bai...
...SAVING JOBS. Perhaps the most compelling and compassionate rea...The losses would be felt by employees of vendors and dealers, as well as employees of th...COSTS OF LEGACY EMPLOYEE BENEFITS. In order to preserve labor peace over the post-wa...
In accordance with the requirement of Section 3506 (c)(2)(A) of the Paperwork Reduction Act of 1995 which provides opportunity for public comment on new or revised data collections, the Railroad Retirement Board (RRB) will publish periodic summaries of proposed data collections. Comments are invited on: (a) Whether the proposed information collection is necessary for the proper performance of the functions of the agency, including whether the information has practical utility; (b) the accuracy of the RRB's estimate of the burden of the collection of the information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden related to the collection of information on respondents, including the use of automated collection...
... information collection: Application for Employee Annuity Under the Railroad Retirement Act; OMB 322... must relinquish any rights held to such jobs. A disabled employee does not need to relinquish e...Benefits become payable after the employee meets certain ot...
They are called many things: Generation Y, Millennials, Echo Boomers, even Generation X on steroids. They've been described as demanding, questioning, aggressive, high-maintenance and less-than-loyal job-hoppers. And now, Gen Y is set to take over the US work force with a bang -- and a list of workplace demands including wellness programs, flex scheduling, a work/life balance, telecommuting and new employee benefits choices. Recent statistics show how frequently the Gen Y age group plans to switch jobs compared with Gen X. Companies are starting to focus more on flexible work schedules, choices and benefits such as laptops, PDAs and other electronics to attract Gen Y employees, said Tonya Manning, a SVP and chief actuary at Aon. When Gen Y workers do ask for benefits, they want competit...
Statistics reported by Stanford Research Institute (SRI) International demonstrate the capability of investment dollars to produce employment opportunities across the state. Since the program launched in 2002, the report states that 41,300 jobs have been created and over $2.4 billion in employee wages and benefits have been realized in Ohio.
Ohio's technology-nurturing Third Frontier program has helped to create 48,000 jobs and has supported growth of industries including biomedical imaging, fuel cells and the solar cell technology of photovoltaics, according to a study that state officials released Tuesday, Sept. 15. The study by SRI International, a state-hired consultant, said Ohio's investment of $681 million through Third Frontier generated $6.6 billion of economic activity and $2.4 billion in employee wages and benefits. The estimate of 48,000 jobs created dates to the program's beginnings and runs through the first half of this year, according to the Ohio Department of Development, which administers the program.
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