Word: employeees
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Dates: during 2000-2009
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That's why benefits are the next big target. For every employee who makes $75,000, a company typically spends $30,000 more in benefits. So for employees who still have jobs after cost-cutting layoffs, the potential for more pain lies ahead. Health insurance is traditionally the revenue drain...
For new savings, many businesses are looking hard at 401(k) plans. Companies typically match 50% to 100% of an employee's 401(k) contribution, up to 6% of his or her annual salary. That translates into a cost of $1,500 to $3,000 for each employee who earns...
A carefully planned, prepackaged bankruptcy would still be troublesome, she says. Throwing 479,000 GM retirees onto the rolls of the Pension Benefit Guaranty Corp., for instance, could overwhelm it. And GM's agreement to fund the United Auto Workers' voluntary employee beneficiary association (VEBA) - thus getting a $50 billion...
But in this case, California decided to invite the people too. Schools, offices and random Joes have been registering for the drill over a span of months. (In the two days after the 5.4-magnitude Chino Hills quake in July in California, 57,000 people registered.) Every city employee in...
Cambridge’s Department of Human Services Programs is among the areas hit hardest by the recent statewide budget cuts announced early last month. Several DHS programs that are funded through state, city, and private grants will see significant cuts to the services they provide for the community, ranging...