| News for the HR Professional |  |
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- Companies put health benefits decisions in employees' hands
Two large companies are shifting the way they handle employee health insurance, providing workers with a fixed amount of money to put toward the coverage of their choice purchased through an exchange. Industry executives say the strategy will be watched with great interest and could mark the beginning of a major industry shift. The Wall Street Journal
(9/26)     
| Total Rewards Update | | |
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- Mont. health system CEO earned $2M in 2010
Benefis Health System in Montana is facing criticism after paying CEO John Goodnow more than $2 million in 2010, more than double what Goodnow made in 2009 and 2011. Goodnow said IRS changes required him to cash out deferred compensation funds, boosting his salary for the year. Benifis says employee compensation is driven by the national health care market, not local compensation trends. Great Falls Tribune (Mont.)
(9/29)
- Recovery in U.S. resort segment is ramping up, STR says
U.S. resort markets are steadily returning to peak performance, STR reports. The segment saw a 6.1% growth in revenue per available room, a 2.7% rise in occupancy and a 3.3% increase in average daily rate in August year to date, STR says. STR attributes the improvement in average daily rate to solid increases in transient demand and minimal supply growth. HotelNewsNow.com
(9/28)
| Government & Policy | | |
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- Calif. gets first state-run private retirement plan
Legislation signed Friday by California Gov. Jerry Brown establishes a state-run retirement plan for private-sector workers who don't have employer-sponsored plans. The plan orders employers to withhold 3% of workers' pay unless employees opt out. The state's main pension system will be in charge of investing money collected for the new retirement plan, leading some critics to say the program is an attempt to inject funds into the state's ailing public pension system. Time.com/The Associated Press
(9/28)
| The Workplace | | |
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- Study explores how different generations approach job hunting
Interesting differences exist in the way Generation X, Generation Y and baby boomers approach job hunting, Dan Schawbel writes, citing a survey from Millenial Branding and Beyond.com. For instance, Gen Y workers have the most confidence in their ability to find employment, Gen X workers are most likely to be focused on job security rather than the size of their paycheck and baby boomers are the most active generation on LinkedIn. Across all age groups, job boards were the most-used job hunting tool, the study found. Time.com/Moneyland
(9/24), Inc. online (free registration)
(9/24)
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