First it was pensions and now it‘s health coverage! Are employees going to take it on the chin again?
Defined Benefit Pension Plans:
Years ago, Wall Street pressures forced many CFOs and HR professionals in public companies to switch from traditional defined benefit pension (“DB”) plans to 401(k) plans. Wall Street wanted to see companies cap their costs and liabilities and shift the investment risks, savings risks and longevity risks to their employees.
Obamacare Premiums Report Shows Low Prices For Uninsured With Wide Variation - average Monthly Cost across the US is $328
A new report released today by the Department of Health and Human Services (HHS) finds that in state after state, consumers will see increased competition in the Health Insurance Marketplace, leading to new and affordable choices for consumers. According to the report, consumers will be able to choose from an average of 53 health plans in the Marketplace,
I’ve enjoyed watching the evolution of HR throughout my career. Gone are the days when HR’s primary role was to handle the Administration and Compliance requirements of the employee population. It wasn’t that long ago that being responsible for the Talent Management for those employees was HR’s primary mission.
Recently, the EEOC filed a lawsuit against Hire Dynamics, a staffing firm (click here for the EEOC press release). According to the complaint, after a Hire Dynamics employee filed a charge of discrimination against one of its clients, the staffing firm retaliated by failing to give the employee any further job assignments or opportunities.