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October 27, 2011
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News for the HR Professional

  Top Story 
  • Employers remain cautious on hiring, survey indicates
    About 30% of employers say they plan to boost hiring during the next six months, a decrease from July, when 43% of employers said they were planning to increase hiring, indicates a National Association of Business Economics survey. More than half of employers said they expect no change in their employment levels. Reuters (10/24) LinkedInFacebookTwitterEmail this Story
  Total Rewards Update 
  • Companies begin to offer workers-in-need alternatives to payday loans
    Some businesses are seeking to help their employees avoid payday loans, which carry high interest rates, by offering loans at a lower rate through vendors that specialize in managing this type of benefit. The vendors can offer cheaper loans because they don't maintain storefronts and can take payments through the payroll systems of the companies they work with. "It's a lower-risk loan, so we can drop our fees," said Duke Fonner of Symbius Financial. Bloomberg Businessweek (10/20) LinkedInFacebookTwitterEmail this Story
  • Other News
  Government & Policy 
  • Medicare panel votes to cut doctor pay
    The Medicare Payment Advisory Commission recently voted to decrease how much doctors are paid to perform treatment funded by Medicare -- a proposal that could be adopted without congressional approval, writes Scott Gottlieb, a former senior official at the Centers from Medicare and Medicaid Services. If doctor pay per patient is decreased, many physicians may choose to retire early or be forced to increase the number of patients they see, which will ultimately hurt the quality of care that patients receive in the U.S., writes Gottlieb. New York Post (10/25) LinkedInFacebookTwitterEmail this Story
  • Federal rule lets 401(k) providers offer investment advice
    The U.S. Labor Department has published regulatory guidelines intended to improve access to expert advice for investors with 401(k) plans and individual retirement accounts. The rules make it easier for plan providers to meet conflict-of-interest tests for offering investment advice. "This rule will make high-quality fiduciary investment advice more accessible, while providing important safeguards to minimize potential conflicts of interest," Employee Benefits Security Administration official Phyllis Borzi said. The Washington Post/The Associated Press (10/24), AdvisorOne.com (10/24) LinkedInFacebookTwitterEmail this Story
  • Other News
  The Workplace 
  • Why good HR managers prefer long goodbyes
    A growing number of companies are using networking sites and other tools to keep tabs on former employees, often with a view to rehiring them later. Maintaining relationships with former workers allows bosses to reintegrate employees they know well into their team, rather than gambling on new and unknown employees. "You can check out, but you can never leave," jokes Melody Jones, chief human resources officer for Corporate Executive Board. The Wall Street Journal (tiered subscription model) (10/24) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
Three passions, simple but overwhelmingly strong, have governed my life: the longing for love, the search for knowledge and unbearable pity for the suffering of mankind."
--Bertrand Russell,
British philosopher, mathematician and historian


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