Word: comerica
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Dates: during 1983-1983
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...options can be as varied and innovative as personnel departments can make them. At Detroit's Comerica Inc. (1982 assets: $7.4 billion), Michigan's second largest bank holding company, employees can tailor their benefit packages to help pay for child care. At Baker Packers, a unit of California-based Baker International (1982 revenues: $2.5 billion), workers can cash in up to a week of vacation and deposit the proceeds in company-sponsored savings plans that invest in stocks and other securities...
...programs, in part, reflect the changing U.S. work force. Traditional benefit plans have been mainly geared to single-income homes in which husbands work and wives tend to the children; But a survey of Comerica's 5,200 employees, for example, showed that only about 13% were living in such once typical households. The 1980 census reported that 51.3% of U.S. women over the age of 16 had joined the labor force, compared with 37.7% in 1960. The number of families supported by one breadwinner, meanwhile, dropped to 33% from 48.3% over the same period. Says Philip M. Alden...