Wednesday, September 7, 2011

Employee background checks

ADP Screening and Selection Services conducted nearly five million employee background checks last year. Forty-nine percent of the education, employment, and credential verifications had inconsistencies between what the applicants provided and what the source reported. Six percent of the information differences were received with negative remarks from the source in regard to the applicant.
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Tuesday, September 6, 2011

Retirement planning

More companies are shifting responsibility for retirement planning and funding to their workers. Traditional defined benefit pension plans and generous matching arrangements are giving way to employee funded 401(k) plans and cash balance plans. Reasons for the change include company cost cutting, competitive pressures, and a general decline in the length of tenure of employees.
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Monday, September 5, 2011

Labor Day

Labor union leader Peter J. McGuire initiated the first Labor Day celebration on September 5, 1882 in New York City. The first governmental recognition of Labor Day came through municipal ordinances passed in 1885. By 1894, twenty-eight states had recognized Labor Day as a holiday. President Grover Cleveland signed a bill making Labor Day an official national holiday in 1894.
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Sunday, September 4, 2011

Behavioral job interviewing

Behavioral job interviewing was developed in the 1970s. Behavioral interviewing emphasizes past performance and behavior in predicting a candidate's future success with an organization. Candidates are asked to give specific examples of how they demonstrated particular behaviors and skills in the past. Nearly 30% of all organizations use behavioral interviewing to some degree.
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Saturday, September 3, 2011

Slotting job

A commonly used job evaluation method is the slotting job evaluation system. A slotting job evaluation system uses the existing ranking of jobs within a company. New or revised jobs are evaluated by assessing them in relationship to other jobs within the existing job hierarchy.
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Friday, September 2, 2011

ERISA

The Employee Retirement Income Security Act was enacted to ensure the solvency of private pension plans. The law established the rights of pension plan participants, standards for the investment of pension plan assets, and requirements for the disclosure of plan provisions. The act also provided those not covered by a private pension the option of a tax-deductible Individual Retirement Account.
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Thursday, September 1, 2011

Employee oriented organizations

Many studies show that companies with low turnover rates are very employee oriented. Employee oriented organizations solicit input and involvement from all employees and maintain a true "open-door" policy. Employees are given opportunities for advancement and are not micro-managed. Employees believe they have a voice and are recognized for their contribution.
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