Article: National Compensation Survey: Private Health and Retirement Plan Provisions
Article: Can You Make People Listen?
White Paper: Talent Management Strategies Your Competitors Don’t Want You to Know
HR Humor: Abbott & Costello: Loafing
HR 180: But Will It Make You Happy?
Article: National Compensation Survey: Health and Retirement Plan Provisions in Private Industry
Source: U.S. Bureau of Labor Statistics
As part of the National Compensation Survey, the Bureau of Labor Statistics has just released its "Health and Retirement Plan Provisions in Private Industry in the United States, 2009" bulletin. The information on health plans includes plan types and characteristics, high deductible plans, fee-for-service plans, health maintenance organizations, and outpatient drug copayments. The information on retirement plans includes provisions for defined benefit plans, defined contribution plans, savings and thrift plans, and money purchase plans.
Sixty-two percent of workers participating in medical care plans are in preferred provider organizations and 18 percent are in traditional HMOs. High deductible plans are used by 15 percent of employees with medical care plans, with an annual median deductible of $1,600. This compares to an annual median deductible of $400 for non-high deductible plans. Virtually all employees participating in an outpatient prescription drug plan have access to both generic and brand-name drugs. Seventy-nine percent have access to mail-order drugs and 74 percent receive a higher reimbursement for formulary drugs.
Seventy percent of employees in defined benefit retirement plans are in single employer plans and, for 75 percent of these employees, retirement benefits are based on a traditional plan formula--either as a percent of terminal earnings, percent of career earnings, dollar amount, or percent of employer contribution. Most of the non-traditional formulas provide a cash balance plan.
Sixty-four percent of employees participating in defined contribution retirement plans are in savings and thrift plans and 82 percent make contributions with pre-tax dollars. An automatic enrollment provision was available to 19 percent of employees participating in savings and thrift plans. The default median percent of earnings contribution was 3 percent.
Review the tables online at http://www.bls.gov/ebs/#bulletin_details or
download the entire bulletin (http://www.bls.gov/ncs/ebs/detailedprovisions/2009/ebbl0045.pdf).
Article: Can You Make People Listen?
Source: Dan Bobinski for Management - Issues
During a workshop on management excellence, Dan Bobinski began a discussion with a group of middle managers regarding workplace communications. The issue of how to make people listen came up, and it was decided that people can't really make people "listen." However, there are strategies that managers can use to help them be heard.
White Paper: The Five Talent Management Strategies Your Competitors Don’t Want You to Know
Source: Cornerstone OnDemand
To optimize your talent strategy, learn how organizations with forward-thinking approaches to talent management develop and retain employees and drive revenue in new ways. Based on their work with industry-leading organizations, Cornerstone OnDemand offers five strategies for your organization to address these initiatives.
HR Humor: Abbott & Costello: Loafing
Source: Abott & Costello
Click the link below for the YouTube Video.
HR180: But Will It Make You Happy?
Source: Stephanie Rosenbloom for The New York Times
She had so much. A two-bedroom apartment. Two cars. Enough wedding china to serve two dozen people. Yet Tammy Strobel wasn't happy. Working as a project manager with an investment management firm in Davis, Calif., and making about $40,000 a year, she was, as she put it, caught in the "work-spend treadmill."
So one day she stepped off. Her mother called her crazy.
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Stat of the Day
Most Managers Fail to Provide Critical Ongoing Feedback to Employees Relating to Performance
From a pool of more than 100 respondents, only 45 percent of individuals surveyed feel their managers consistently communicate to them about their performance throughout the year and between review periods.
44 percent of the survey respondents noted their managers fail to complete their employee reviews on time.
For the full story, you can click here.
Did You Know?
Study Shows Recession Reset Traffic Congestion Levels back at least Five Years; 2010 Outlook Depends on Jobs
Source: INRIX®, a leading provider of traffic and navigation services
• Showing the after-effects of a battered economy, 2009 congestion levels were still one-third less compared to peak levels set in 2007. While varying by region, on a national level, the clock on traffic congestion has been turned back to at least 2005 – a silver lining of the tumultuous past few years – for those who still have jobs.
• The nation's "Travel Time Tax" in 2009 was 8.9 percent, indicating the typical random peak hour trip took 8.9 percent longer than it would in uncongested conditions, resulting in the typical urban commuter with a 30-minute commute sitting 22 hours a year stuck in traffic.
• Wednesday from 8 to 9 a.m. continues as the busiest morning peak travel time nationwide and Friday from 5 to 6 p.m. continues to be the busiest evening (and overall) commute hour – with a travel time tax of 18.8%
• The best day to commute is Monday with a Travel Time Tax of 7.1%; worst day is Thursday with a Travel Time Tax of 9.7%.
• Population centers experiencing high unemployment, reduced tourism and/or less convention activity, experienced the highest drops in traffic congestion including Detroit, Honolulu, San Diego, and Chicago. Detroit, where the jobless rate reached a high of 17 percent in 2009, dropped from 18th to 27th in the rankings.
• Los Angeles has the nation's highest metropolitan travel times during peak commute hours, followed closely by Honolulu, Washington D.C. and San Francisco
• The worst region and time to be on our nation's roads is between 5 and 6 p.m. on Thursdays in Los Angeles, where the Travel Time Tax is 69%!
• Philadelphia made the Top 10 for the first time (up from 11th) replacing Minneapolis - which dropped to 12th (likely due to the I-35W bridge reopening).
• Stimulus spending on road projects nationwide is starting to have an impact on congestion, particularly in off-peak periods. Delays across the country during off-peak periods – middays, evenings, overnights and weekends –were up 25 percent. Of the nation's biggest new work zone slowdowns in late 2009, more than half were directly tied to stimulus projects.
• More than 2500 miles of our nation's most important roads are congested more than 5 hours each week. Drivers on more than 437 miles of these roads experience more than 20 hours of congestion each week, or 4 hours each work day.
To view the complete article, visit here.