Benefits
Qantas flies into storm over job cuts
Aug 16th
QANTAS is on a collision course with its unionised workforce over plans to axe 1000 jobs and set up two new airlines based in Asia to try to save its international flying division from financial oblivion.
The plan drew fire from unions who warned of legal and industrial action, while federal Transport Minister Anthony Albanese made it clear the government would not allow the Australian airline to breach the terms of the Qantas Sale Act. More >
Scott signs bill reducing unemployment benefits
Jun 28th
Starting in January, the maximum number of weeks someone can receive state unemployment benefits in Florida will fall from 26 weeks to 23. If the state’s unemployment rate continues to fall, benefits could be shortened to as little as 12 weeks, under a bill signed yesterday by Gov. Rick Scott. More >
US initial claims for jobless benefits drop
Apr 7th
The US labour market showed further signs of recovery as fewer Americans filed for unemployment insurance last week, signalling that job losses are slowing and businesses may step up hiring. More >
Employee benefits are ‘cost effective’ rewards
Mar 24th
Employee benefit packages can help firms to reward staff when pay rises are unaffordable, according to a human resources expert.
Xpert HR says reduced budgets as a result of the recession mean organisations are looking into alternative employee rewards. More >
New Rules Require Retirement Plans
Feb 23rd
The Department of Labor has issued final rules that will require certain retirement plans to disclose plan fee and expense information directly to participants. Plan sponsors and administrators must comply with the disclosure requirements in these final rules in order to fulfill their fiduciary duties under ERISA. From a practical perspective, these rules are intended to provide plan participants with a more complete picture of plan fees and expenses, including indirect fees and expenses under a plan’s investment options. More >
8 Uncommon Employee Benefits Your Staff Will Love
Dec 22nd
Lack the employee benefit budget of a Fortune 500 company? There are employee benefit solutions to make your staff happy without breaking the bank.
Designing & administering an employee benefit plan is a complex undertaking. Your plan can cover regular benefits such as health care, vacation time, sick pay, and pension plans. How common are these benefits? More >
