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Survey shows companies growing concerned about employees leaving and the cost to replace them

June 14th, 2010

With more workers voluntarily leaving their jobs than being laid off for three straight months, companies are becoming more concerned they may lose good employees in a better job market, according to a survey by OI Partners, a global talent management firm. Almost two-thirds (64 percent) of companies surveyed by OI Partners are apprehensive they [Read more...]

More employers seeing unusual tactics from job seekers in 2010, new survey finds

June 11th, 2010

Even as the job market improves, with unemployment still hovering around 10 percent, job seekers have turned to unconventional methods to stand out from the competition. According to a new survey from CareerBuilder, nearly one-quarter of hiring managers (22 percent) report that they are seeing more job seekers try unusual tactics to capture their attention [Read more...]

California Labor Commissioner orders contractor to pay $1.3 million for wage violations

June 11th, 2010

Russell/Thompson, Inc, a framing contractor, must pay $1.3 million in wages and $200,000 in fines for failure to pay 74 employees wages for their work at Tercero Housing Project at the University of California, Davis, announced California State Labor Commissioner Angela Bradstreet. Bradstreet issued a civil wage and penalty assessment in an effort to collect [Read more...]

IRS releases deduction limits for HSAs

June 10th, 2010

The Treasury and IRS have released the 2011 inflation-adjusted amounts for health savings accounts under Code Sec. 223(g). After the application of cost-of-living adjustment rules under Code Sec. 223(g), there is no change in the amounts from 2010. Therefore, for calendar year 2011, the annual limitation on deductions under Code Sec. 223(b)(2) for an individual [Read more...]

Former DuPont chemist pleads guilty to theft of trade secrets; offense carries a maximum prison sentence of ten years, a fine of up to $250,000 and restitution

June 10th, 2010

A former research chemist for E.I. du Pont de Nemours and Company faces up to ten years in prison, a fine of up to $250,000, and restitution after pleading guilty to one count of theft of trade secrets from the science-based products and services company while researching organic light-emitting diodes (OLED), announced the US Attorney [Read more...]