March 7, 2013 |
Despite an improving economy, employers are waiting longer to fill job openings in their companies even when they receive many applications to a vacancy. Employers now take an average of 23 business days to hire someone for a position, more than a week longer than the 15 days it took in 2009, according to a study conducted by University of Chicago and University of Maryland economists cited by the New York Times. The news is not exactly new. Corporate profits are soaring, but with millions still out of work and an unemployment rate at 7.9%, companies feel little incentive to give raises or hire new workers.
August 3, 2011 |
Nearly 18 months after passage of the national healthcare overhaul, American employers say they are providing health benefits for growing numbers of people as they extend coverage to their workers' adult children, a new survey finds. The federal healthcare law allows young adults up to age 26 to stay on their parents' health plans. As a result, employers say they have seen an average 2% increase in insurance enrollments, with some saying the figure has jumped by 5% or more, according to the survey by benefits consulting firm Mercer.
July 3, 2011 |
Major employers across the country, eager to curb fast-rising healthcare costs, are opening their own state-of-the-art health centers where doctors and nurses provide medical care to workers often just steps from their desks. The cost-cutting strategy has been embraced by dozens of companies — typically large employers that are self-insured and pay their own medical claims, including Walt Disney Co., Qualcomm Inc. and American Express Co. Many of the health centers are full-service medical offices equipped with exam rooms, X-ray machines and pharmacies.
January 22, 1987
The South Bay is blessed with many big employers that provide thousands of jobs. But in a couple of South Bay cities, grocery stores are the biggest employers, and in one, the city itself provides the most jobs. City Company No. of Employees Avalon Santa Catalina Island Co. winter--100 summer--200 Carson Nissan Motor Corp. in USA 1,052 El Segundo Hughes Aircraft Corp. 32,000 Gardena Honeywell Inc. 1,600 Hitco, subsidiary of Armco Inc. 1,600 Hawthorne Northrop Corp.
June 7, 2011 |
The predictions about healthcare keep coming. The latest suggests that nearly a third of employers are likely to stop offering health insurance to employees in 2014 when major federal healthcare-reform provisions kick in. This comes from a new report by McKinsey Quarterly. The Congressional Budget Office estimated that only 7% of employees would be forced into subsidized-exchange policies, the report said, but the survey of more than 1,300 employers suggests otherwise. That research found that 30% said they would “definitely or probably” drop the insurance policies.
September 11, 2012 |
Health insurance premiums for employer-sponsored coverage rose a moderate 4% this year, a national survey shows, but experts warn that rates may climb higher next year. Annual insurance premiums for families increased 4%, on average, to $15,745, according to the annual survey by the Kaiser Family Foundation and the Health Research & Educational Trust. That was down from a 9% hike in 2011. Still, even modest increases in healthcare costs are difficult to absorb for many businesses and workers struggling to cope with a sluggish economy.