Latest News

Benefits |

Job Prospects Remain Bleak

August 22, 2002 (PLANSPONSOR.com) - Hiring managers and job seekers responding to a recent poll aren't painting a bright picture of this year's job market.
Investing |

Mass Layoffs Cool Off In July

August 22, 2002 (PLANSPONSOR.com) - Employers initiated 2,041 mass layoffs in July 2002 involving 245,457 workers, according to the US Department of Labor's Bureau of Labor Statistics (BLS),...
Investing |

Jobless Claims Dip Slightly

August 22, 2002 (PLANSPONSOR.com) - Even the jobless claims numbers appeared to wilt in last week's heat, slipping slightly to 389,000, a drop of 2,000 from the week...
Benefits |

GE Workers Make Overtime Claim

August 21, 2002 (PLANSPONSOR.com) - General Electric has classified certain workers at its aircraft engine unit as salaried employees so it can wriggle out of paying them overtime...
Benefits |

Florida Outsources HR Operation

August 20, 2002 (PLANSPONSOR.com) - The latest "firm" to embrace the outsourcing of its human resource (HR) functions is none other than the State of Florida, which has...
Investing |

Cash Floods Hedge Fund Coffers

August 20, 2002 (PLANSPONSOR.com) - As investors pulled money out of mutual funds in the second quarter, they poured a net $4.57 billion in assets into hedge funds,...
Benefits |

Board Pay Packages Soar

August 19, 2002 (PLANSPONSOR.com) - Board member actions - and inactions - have been coming under increased scrutiny of late - while compensation for their actions has continued...
Benefits |

Pensions Loom in Boeing Labor Talks

August 19, 2002 (PLANSPONSOR.com) - Boeing Company and the machinists' union that represents 25,000 of its workers have brought in a federal mediator after labor talks bogged down...
Benefits |

CSC to Workers: See You in Nine Months

August 16, 2002 (PLANSPONSOR.com) - In a telling sign of the times, Computer Sciences Corporation (CSC) has asked the firm's 66,000 employees to take some time off -...
Investing |

Hedge Funds Keep Falling in July

August 16, 2002 (PLANSPONSOR.com) - Hedge funds' July performance was in the minus column, but it continued to outdistance the performance record of major US equity indexes, according...