January 19, 2012 |
Cheap-chic retailer Forever 21 is being sued in a class-action lawsuit by employees who claim that the company routinely neglected to pay for time worked. In filings in San Francisco Superior Court, five employees allege that the Los Angeles clothing maker often made them work through meal breaks and kept them in the stores after clocking out to check their bags for stolen merchandise, the Huffington Post reported. Tiffinee Linthicum, Jessica Ramos, Shanelle Thompson, Jazzreal Jones and Alyssa Elias are seeking damages for the hours they worked during breaks and off the clock, the Post said.
October 15, 2012 |
Billionaire industrialists Charles and David Koch, often under intense scrutiny for their prodigious political contributions and prominent advocacy for various conservative causes, are back in the spotlight over a “voter information packet.” Distributed to 45,000 employees of Koch Industries-owned Georgia-Pacific, the packet, obtained by the political magazine In These Times , includes lists of candidates supported by the company stretching from...
August 13, 2012 |
ATLANTA — Many American companies that had adopted a much-vaunted employee evaluation system have lately been turning away from it. Known as "stacked ranking" or "forced ranking," the process made famous by General Electric Co. is really just a version of what teachers call grading on the curve: a few people at the top, a few at the bottom and the rest clumped in the middle. The practice leaped into the spotlight — at least for people who study how companies perform — when Vanity Fair published in its August issue a profile of technology icon Microsoft Corp.
October 21, 2011 |
Wedbush Securities Inc. sued two former employees and trading platform Liquidnet Holdings Inc., accusing them of taking customer lists, documents and disclosures from the firm. The suit accuses New York-based Liquidnet, used by institutional investors to buy and sell large blocks of shares, and the former employees, Louis Kerner and Michael Silverstein, of working together to take proprietary information from Wedbush to start the same business at Liquidnet. Liquidnet said Monday that it had hired Kerner to run a new group focused on private companies.
April 11, 2014 |
Amazon warehouse workers who hate their job and are eyeing the exit now have a lucrative payout offer. Online retail giant Amazon.com is offering its employees up to $5,000 if they quit, Chief Executive Jeffrey Bezos wrote in a letter to shareholders . Bezos spoke about a program offered to employees called "Pay to Quit" and credited Zappos, another online retailer known for its progressive human resources style, for the idea. The program is offered once a year to employees at its warehouses.
July 5, 2013 |
Fast-food and other employees across the country have been striking and protesting for higher wages, arguing that they can't live on the minimum wage. Their protests have drawn attention in an economic recovery where data show that the gap between the rich and the poor is growing. Friday's jobs numbers show that the pay gap is continuing throughout industries. The Bureau of Labor Statistics tracks wages of all private-sector employees, but also breaks down wages of production and non-supervisory employees, which are “employees who are not owners or who are not primarily employed to direct, supervise, or plan the work of others.” Those workers make up 80% of the workforce, but their wages are growing more sluggishly than the wages of the whole workforce, which also includes supervisors and owners, data show.