Archive for December 18th, 2009

Checking on Risky Pay

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Published in CFO December 18, 2009 by. Alix Stuart

If a compensation policy could be harmful to a company’s health, the Securities and Exchange Commission wants investors to know about it.
This week the regulator approved a laundry list of new disclosure rules that will apply to virtually all proxy statements issued next year. The centerpiece of the new rules is a mandate that companies explain the risks that their compensation practices pose if they are “reasonably likely to have a material adverse effect on the company.”
A carryover from the requirements originally imposed on recipients of the Troubled Asset Relief Program, the rule says companies must consider compensation risk for all employees, not just executive officers. “Accountability is impossible without transparency,” said SEC Chairman Mary L. Schapiro in a press release accompanying the decision.

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Employee Negativity Grows with Recession Fatigue

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Published in Society for Human Resource Management, December 18, 2009 by Kathy Gurchiek 

The cut-to-the-bone mentality of organizations trying to weather a lingering recession has taken its toll on employees’ perception of long-term career opportunities at those companies, according to a report released Dec. 15, 2009.
The negativity stems from being worn down by the recession, the survey says. That pessimism also is prompting workers to view their leaders in a less-than-rosy light, according to findings from Towers Perrin’s Quarterly Workplace Watch. Data is from about 640,000 people working at 54 companies around the world from July-September 2009.
A key question for organizations as the economy starts to recover is whether the changes organizations made during the recession are temporary or permanent, according to the survey report.

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