In case you missed it, here’s what happened on We Know Next this week.
The U.S. Department of Labor’s (DOL) wage and hour enforcement under the Obama administration has become markedly more hostile toward employers, according to Paul DeCamp, former administrator of the Wage and Hour Division under President George W. Bush and an attorney at Jackson Lewis’ Washington, D.C., regional office.
XYZ Manufacturing Inc. has grown steadily and now has more than 2,000 employees in 22 states and expanding international operations. An industry upturn has inspired a hiring initiative, although recruiters have been careful to avoid bad hires by employing methods such as background checks. Many staff additions will be in the sales, marketing and technical support departments, and these employees will travel domestically and internationally to call on and support customers.
A federal judge ruled on May 14, 2012, that new regulations governing union representation elections are invalid. Judge James Boasberg with the U.S. District Court for the District of Columbia found that the National Labor Relations Board (NLRB) did not follow proper voting procedures when the board approved the rule revision in December 2011. According to Boasberg, a quorum of at least three NLRB members did not cast votes on the rule change and therefore the rule change could not take effect.
The growing problem of long-term unemployment among older workers in the U.S. was the focus of a Senate Special Committee on Aging hearing on May 15, 2012. The hearing coincided with the Government Accountability Office’s (GAO) release of a report that found the number of workers age 55 and older who have been unemployed more than six months has doubled since the recession began in late 2007.
Employers and their employees in the U.S. hold different perspectives on how to achieve retirement preparedness through 401(k) plans, according to the results of two newly released studies from Schwab Retirement Plan Services. The studies indicate that, despite efforts by employers to educate workers on the 401(k) offering, most workers remain disengaged and unprepared financially for retirement.
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