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.
CALIFORNIA | LOCAL
October 10, 2013 |
A construction contractor has been indicted on fraud charges after allegedly taking $81,000 in wages from his employees for work done on a state developmental hospital in Costa Mesa. Sourin Babayan, 64, of Glendale, was indicted last week on 14 felony counts of taking and receiving a portion of a worker's wage on a public works project, 19 felony counts related to forgery and fraud, the Daily Pilot reported. He also faces two felony counts alleging attempted fraud and seven felony counts of dissuading a potential prosecution witness, with sentencing enhancements for property damage or loss exceeding $65,000, according to the Orange County district attorney's office and the state Department of Industrial Relations.
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.
July 16, 2013 |
How can a person live on just McDonald's? The pay for employees, that is, not the food itself. As it happens, neither possibility is very attractive. In an effort to help its low-wage employees manage to stay afloat financially, the golden arches teamed up with Visa to produce an online brochure to guide workers through the process of paying their bills and even saving money while living on a cheap-food paycheck. It could be that the authors of the online site learned more about finances than the employees.
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.