Posts Tagged ‘employee benefits’

Employers Plan to Restore 401(k) Match in 2010, Survey Finds

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Published in World at Work February 10, 2010

Many U.S. employers are increasingly losing confidence in their workers’ ability to save for retirement and, as a result, plan to step up their efforts this year to help workers maximize their 401(k) savings, according to a new survey by Hewitt Associates.

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Wage and Benefit Growth Hits Historic Low

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Wage and benefit costs, both before and after adjusting for inflation, grew more slowly in 2009 than in any year since the U.S. government began tracking data in 1982, as double-digit unemployment weakened workers’ ability to command higher pay.In the past 12 months, the cost of wages and benefits received by workers other than those employed by the federal government rose 1.5%, according to the Labor Department’s employment cost index. In the same period, consumer prices rose 2.7%.

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The Haves vs. The Have Not

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Expert Perspective from Grahall’s OmniMedia Editorial Board

expert perspective telescopeThe Wall Street Journal offered several articles recently that illustrate the dramatic contrasts in employer sponsored benefit programs available to the “rank and file” workers versus management.  The first article “Companies Plan to Reinstate 401(k) Matches”  by Jillian Mincer published in the October 22, 2009 describes a good news/bad news scenario associated with the return of the matching contributions to 401(k) retirement plans.  Mincer says “Many businesses are quietly restoring plans to match a portion of their employees’ 401(k) contributions.”  That is good news for employees of these companies and is also an indicator of economic recovery. 
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It’s Pragmatism, not Socialism

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expert perspective telescopeExpert Perspective by Grahall’s Michael Dennis Graham.

A Wall Street Journal News Alert published May 20, 2009 titled “U.S. to Inject More Than $7 Billion Into GMAC, May Become Majority Owner” got me thinking about socialism in America and its history in the arena of employee benefits. 
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