Parental leave is technically a basic human and citizen right, but its paid forms are becoming more and more of a luxury in the current work field. It usually falls on employers whether they want to offer an extended paid parental leave, and since many small and medium companies are already struggling to survive on the harsh market, very few of them are generous in this department. [Read more…]
The paradise of employer sponsored health insurance for otherwise insured spouses is reaching its end. If up until this moment, the spouse of a well-insured person was happy to enjoy some of the benefits which came from their partner’s health insurance, this won’t be such an affordable option anymore. The newest healthcare trends in the world of insurance business are moving towards making employers refuse to extend their insurance plans to their employee’s spouses, due to a new spousal surcharge. [Read more…]
Are you interested into trying your hand to some small-scale investments of your personal finances? That’s a wonderful way to expand your portfolio and personal expanses. Even higher education facilities such as the Harvey Mudd college offer ROI for their students and investors. First of all, you should know that’s a very good idea, since your personal earnings can only get you so far. Second of all, the world of investments may seem a little intimidating at first if you’re a beginner, but we will walk you through the basics of what you need to know. Today’s post will give you all the required details about the return on investment (ROI), the ROI formula and all you need to know about using a ROI calculator. [Read more…]
Recent graduates often have a hard time finding career paths that suit their needs. It can take time to establish a strong resume and to decide on an ideal career path. There are, however, some career opportunities and paths that are more beneficial than others for recent graduates. [Read more…]
There are reports of various signs of economic recovery in many financial sectors of both the public and private sector. Is the economy improving, really? All statistics seem to indicate that yes, this is indeed the case. This is potentially good news for job seekers everywhere, since many positions are now ‘thawed’ and employers are hiring again. If you’re looking for a job that finally suits your specialization, or if you’re already employed in a position matching your skills, but you’d still like to access a better one, now is the time. But this improving economy also has its own peculiarities when it comes to an efficient job search, and you could gain more advantages if you know how to navigate it right. [Read more…]
Earlier this week on Monday (10th of August), State Secretary Hillary Clinton announced her College Compact plan for higher education, a plan which seems to be at the core of her planned reforms, should she get elected. Even if the Hillary Clinton college plan is still in the making and its specific details don’t seem to be too clear yet, it was revealed that it will most likely stand on 4 main pillars that will bring its mission to fruition and support it on the longer run. These four main pillars from Hillary Clinton’s plan are the following: [Read more…]
The job recruitment process is about to get a lot easier with Switch, the new employment app that allows employers to review candidates a lot faster and simply swipe right if they’d like to connect with them. The prospective job candidates need to swipe right as well if they’re interested in the job, so the process really works both ways, just like Tinder does for the dating scene. This iOS mobile app also guarantees the user’s anonymity until they decide to connect with the user on the other end of the line. All in all, this just might succeed in changing the employment application process considerably. Let’s take a look at how Switch works and how it could impact employers and prospective employees. [Read more…]
It often happens (especially since the financial crisis of the 2000’s) that people criticize what they perceive as unjustifiably large salaries for top positions in public institutions. What noticeably occurs less often is the exact opposite: one of these aforementioned people brings up the issue themselves. Nevertheless, in a shocking move that is still creating ripples across the American academic environment, Gregory Fenves, the incoming University of Texas at Austin president has done just that. His criticism wasn’t contained to an interview or academic paper either. Instead, he broached the subject in the actual talks regarding his remuneration where he decided to break with tradition by negotiating a lower salary. [Read more…]
Since the global economic crisis that originated by some unfortunate Wall Street speculations back in 2008, everyone’s salaries suffered. Even if there were any salaries that weren’t necessarily reduced, they felt as if they were simply because of the hit that the economy took made it more expensive for everyone to maintain their old habits. Still, things didn’t look bleak ever since with no possibility of recovery. According to the date provided by the Social Security Administration, the national average salary for 2013 was $44,888.16, which translates in a 1.28 percent increase compared with the national average salary for 2014. [Read more…]
Last year, a research group based out of Philadelphia studied the effects of paid sick leave on company productivity and cost efficiency. Their conclusion was resolute and definite: paid sick leave is a must for almost all companies. This research study has been made all the more poignant with the President’s recent state of the Union address earlier this week. No evidence exists to prove that paid sick leave decreases productivity scores for either individual employees or enterprises. In fact, mounting evidence increasingly shows that the opposite is true. However, two misguided state senators from the very same state, Pennsylvania, continue to argue against this clear, scientific evidence. Senators John Eichelberger, R for Blair/Huntington/Fulton/Franklin/Cumberland counties and Lisa Boscola, D for Lehigh/Northampton counties have announced their plans to introduce a state paid sick leave law that would explicitly prohibit local authorities to pass ordinances on the matter. Our new post will examine sick leave as a whole and how these PA State Senators Announce Bill to Stop Paid Sick Leave.
The Pennsylvania Case Against Paid Sick Leave
At the time that we wrote this article, per the recommendations from the aforementioned researchers, Philadelphia planned to implement mandatory paid sick leave. However, the bill announced by the two Senators would maintain and complicate the status quo. Currently, paid sick leave in Pennsylvania and all of its municipalities lies in the hands of employers. They can choose to award it or not on the grounds of suspicion of sick leave abuse.
Remuneration for sick leave recently became an issue of growing concern in the United States as of late. Numerous workers’ rights advocacy groups maintained the argument that the adoption of a pro-paid sick leave law is necessary for the rights of employees across the country. They argue that not passing these laws could cause serious public health risks for the population at large. Understandably, few workers would willingly choose to lose their wage for a day and show up for work instead. Working while sick puts all of their colleagues at risk. The research study found that a lack of paid sick leave caused many employers to lose productivity in the long run. Current laws in this country allow for discrepancies between cities. Some employees fear that a business may relocate to a city where paid sick leave is not mandatory, thus causing the original city to lose a percentage of tax base and witness an economic downturn. Once again, the research study found that this view was more of a myth. Plenty of liberal cities which force employers to pay for sick leave (such as San Francisco) continue to retain companies and attract increasing business.
We could easy to extrapolate the above situation to the national level. If one state makes sick leave compulsory and another one doesn’t, as is the case with Pennsylvania, will the economy of the state with the humanitarian legislation lose a percentage of tax revenue. The announced bill from Eichelberger and Boscola would prevent legislation which forces employers to pay for sick leave (excluding the items already covered by the Pennsylvania labor law). Under this law, any city that tries to pass laws enforcing paid leave would be effectively struck down by this state law. Ten U.S. states have already passed laws against paid sick leave. Most of these state only offer a minimum protection to their workers. Of course, Pennsylvania readers who oppose the two senators’ legislative initiative can always express their dissent with the upcoming bill by voting both Eichelberger and Boscola out of office next election. State elections in Pennsylvania are always direct elections. And, if you feel that these two haven’t represented your best interests, you would be well within your rights to take their jobs away from them.
Does Paid Sick Leave Really Hurt Employers?
Not much evidence exists to support the claim that paying for sick leave hampers productivity or causes unwarranted expenses. In fact, mounting evidence points to the opposite: paying workers for their time off to recover is important for both the employee and the employer. A Bell Policy Center report shows that, in the long run, employers stand to save quite a bit of money by remunerating workers for the time they spend at home recuperating from an illness. Employers may save money in the short term by not paying for sick leave. But, when that employee shows up to work and spreads the influenza to the rest of your staff, productivity inevitably decreases. The same poll shows that over 70 percent of San Francisco-based employers saw no negative effects (or negligible negative effects) stemming from the application of the local law to enforce paid sick leave. Conversely, employees in this area gained an invaluable tool to protect them from abuse at the hands of their employers.
The sole argument made against companies paying for sick leave is that some workers may feign illness in order to stay at home and collect a paycheck. Not only has this turned out to be a marginal phenomenon, but paying for sick leave has been shown to maintain normal productivity levels throughout the course of a year.