Senators ask IBM to abandon plan for year-end 401(k) match | How to turn job candidates into brand ambassadors | Report: Retirement savings critically low
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March 19, 2013
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Senators ask IBM to abandon plan for year-end 401(k) match
IBM's plan to pay workers their 401(k) match in a single lump sum at the end of the year has drawn fire from Sens. Bernard Sanders and Patrick Leahy, who have written a letter asking IBM to reverse its decision. "When a company makes a promise to its employees regarding their pension, it must not renege on those commitments by cutting or deferring their retirement benefits," they wrote. AdvisorOne (3/15), MarketWatch/Encore blog (3/14)
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Recruiting & Retention
How to turn job candidates into brand ambassadors
Job candidates who have a good experience are more likely to refer other talent to your organization, writes Amit De, CEO of CareerLeaf. By not responding to job applications, for example, you can create bad experiences and cause your talent pipeline to "start leaking great people," De writes. The Huffington Post (3/18)
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Why you should boost retention efforts during tax season
The first few months of the year is a good time to step up your retention efforts because employees have received their W-2s, and they may be taking stock of their career options along with their financial situations, writes Laura Kerekes of ThinkHR. Some ways to do this include checking your policies to make sure they're consistent and seeking input from employees on the direction of the company, she writes. TLNT.com (3/18)
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Benefits & Compensation
Report: Retirement savings critically low
According to recent data from the Employee Benefit Research Institute, 28% of Americans say they don't think they'll ever be able to retire comfortably. And 57% reported they have less than $25,000 in savings. With life spans increasing and the number of companies offering traditional pensions dwindling, retirement is reaching crisis level for many workers. The Wall Street Journal (3/19), InvestmentNews (free registration) (3/19)
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Sodexo employees get a workout during work
Weekly conference calls for Sodexo's recruiting team begin with stretches and strength-training exercises led by a staffer who is also a fitness instructor. The entire team telecommutes, and the routine began after some staffers decided that working from home had made them less active. The Washington Post (3/14)
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Regulatory & Legal Update
Morgan Stanley executive alleges racial bias
A Morgan Stanley vice president is suing the company, saying he was paid less than colleagues because of racial discrimination. The employee also says he was excluded from team lunches and certain projects that were within his area of expertise. The company denies the allegations. New York magazine (3/18)
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Other News
The HR Leader
Smart bosses give people jobs they aren't ready for
The best way to lead is to challenge people to take on roles they aren't quite ready for, says Ingredion CEO Ilene Gordon. Once you've identified energetic workers with ambition and talent, it pays to give them difficult jobs that will take time to master, Gordon explains. "I'm a big believer in ... taking young people and stretching them," she says. The New York Times (tiered subscription model) (3/16)
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Workplace Chatter
Turkish thieves have a bridge they'd like to sell you
Residents of a town in western Turkey were astonished Monday morning to find out their 82-foot bridge had been stolen while they slept. Police believe that the thieves wanted the 22-ton bridge to sell for scrap. "Now we have to take our socks off and cross the creek," said resident Mustafa Karakaş. Today's Zaman (Turkey) (3/12)
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Who's Hiring?
Position TitleCompany NameLocation
Senior Human Resources Business Partner Cray, Inc.Pleasanton, CA
Junior Human Resources Generalist - Operations Morgan StanleyNew York, NY
Human Resources Recruiter AMXRichardson, TX
Corporate Recruiter- MerchandisingBurlington Coat FactoryBurlington, NJ
Click here to view more job listings.
 
SmartQuote
You may have to fight a battle more than once to win it."
-- Margaret Thatcher,
British prime minister
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