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Absenteeism will be the central issue that businesses wrestle with during the H1N1 flu pandemic, said Robert Clements, principal, Axsium Group. The report last month by the President's Council of Advisors on Science and Technology says it is plausible that up to 120 million Americans could contract swine flu this fall and winter. This would lead to a dramatic increase in absenteeism as workers fall sick or stay home to take care of children.
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The economy has forced just about every organization to examine compensation practices that previously went unquestioned and to make some difficult decisions. As thoughts turn to economic recovery and planning for 2010, organizations face another crucial decision: whether to restore cuts and changes to their compensation programs—essentially reverting to "business as usual"—or to carve a new path going forward. Mercer has compiled 10 for 2010, a list of 10 actions companies can take this year to enhance the prospects of a successful compensation strategy in 2010.
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The explosion of social media usage on sites such as Facebook, Twitter and LinkedIn has caught many by surprise. Facebook alone counts more than 250 million active users. This has caused many organizations stress as they have sought to determine what, if anything, they should do to limit employee use or at least educate employees to the risk. And numerous risk areas have been identified, including disclosing proprietary information, exposing corporate computers to viruses, and inappropriate photographs that could cause embarrassment to the company. According to a survey conducted by the Society of Corporate Compliance and Ethics and the Health Care Compliance Association, there is far from a consistent approach either to policy making or monitoring of employee behavior. While some companies have set out a specific policy for their employees' online social networking activities, half have not.
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Although employment-based health insurance remains the most common form of health insurance coverage in the United States, the most recent data show it continues to slowly erode—and current trends indicate it will continue doing so, according a new analysis by the nonpartisan Employee Benefit Research Institute (EBRI). In 2008, 61 percent of working-age Americans (including workers and their family members) had health coverage through a job, down 1 percentage point from a year earlier, more than 7 percentage points from the high of 68 percent in 2000, and lower than the 64 percent level of 1994, when former President Clinton last attempted health reform. The EBRI report notes that this trend is likely to continue due to the weak economy and growing unemployment, which so far this year averaged 8.9 percent between January and August and reached a high of 9.7 percent in August.
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Online advertised vacancies declined by 101,800 to 3,363,000 in September, according to The Conference Board Help-Wanted OnLine Data Series (HWOL)™ released on September 28. September losses partially offset the larger August gains (+169,000), leaving labor demand up by 67,000 over the past two months. Since the low point in April 2009, labor demand is up by 201,000, showing a modest upward trend following a five-month period of steep losses.
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The Conference Board Consumer Confidence Index®, which had improved in August, dipped in September. The Index now stands at 53.1, down from 54.5 in August. "Consumer Confidence, which had improved in August, retreated slightly in September," said Lynn Franco, director of The Conference Board Consumer Research Center. "While not as pessimistic as earlier this year, consumers remain quite apprehensive about the short-term outlook and their incomes. With the holiday season quickly approaching, this is not very encouraging news."
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As the end of the year draws near, hope for healthcare reform seems to be dwindling. It has been a major topic of conversation ever since President Obama took office touting his plans for reform, but here we are in October, seemingly no closer to new legislation and poll respondents are fed up. Thirty-five percent of participants in the September online poll said they don’t expect to see a reform bill passed before the end of the year and quite frankly, they’re “tired of talking about it.” Another 20 percent join them in their disbelief that we’ll see anything passed in ’09, but are hopeful for 2010. Of the 45 percent of survey participants that still hold out hope for reform in 2009, 26 percent are confident and 19 percent don’t expect the legislation to be as drastic as Obama came into office touting. There were 473 participants in the September online poll.
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