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From the BLS THE EMPLOYMENT SITUATION -- JULY 2010 Total nonfarm payroll employment declined by 131,000 in July, and the unem- ployment rate was unchanged at 9.5 percent, the U.S. Bureau of Labor Statis- tics reported today. Federal government employment fell, as 143,000 temporary workers hired for the decennial census completed their work. Private-sector payroll employment edged up by 71,000. ( read more ) In The News Mercer, a global leader in benefits administration outsourcing, finished the first six months of 2010 with a significant number of new client wins, adding 10 organizations across a broad spectrum of its benefits administration outsourcing services. Examples of Mercer's new outsourcing client wins include such leading brands as CBS Corporation for Health and Benefits administration, and Primerica and Global Equity Capital, LLC for Defined Contribution administration. This total represents the addition of nearly 190,000 participants. Human Resources Professionals Association (HRPA), and the American Society of Association Executives (ASAE) selected Inmagic Presto to make information more accessible for both internal staff and members, and to provide better overall service. (read more) Fidelity Investments, a leading provider of employer benefits outsourcing services, announced an alliance with RedBrick Health to provide employers and their employees with an integrated health engagement platform to better control health care costs and help employees reap financial rewards for healthy behaviors. The alliance enhances Fidelity's comprehensive Health & Welfare offering by connecting the important role health programs play in curbing costs while improving long-term employee health and productivity Environmental Scientifics Group (ESG), the UK's leading environmental compliance company has been recognised by Skanska for its contribution towards achieving 500,000 hours without a reportable injury1 on the Weymouth Relief Road project2. At a ceremony on 21 June, Darren Throrowgood, Operations Manager, collected the Group certificate on behalf of ESG, in recognition of its part in this successful record of accident prevention. Advanced Personnel Systems, Inc. (APS), the maker of the SmartSearch applicant tracking system (ATS), added SmartPost to its growing list of job posting and sourcing partners. The partnership integrates SmartPost, the online job posting product from Bernard Hodes Group, with the SmartSearch recruiting business solution to provide a centralized sourcing platform that supports global job distribution and optimization, and social networks job management via the innovative SmartPost Recruiting Widget functionality. Ultimate Software, the leading provider of unified, end-to-end human capital management (HCM) SaaS solutions in North America, announced that Covenant Retirement Communities, one of the largest not-for-profit retirement communities in the U.S., has streamlined the organization's HCM processes with UltiPro. Feathers VitalSmarts, a Utah-based training company, awarded world-renowned psychologist, Albert Bandura, Ph.D., for his extraordinary contribution to the field of self-directed human change The University Sales Education Foundation (USEF) announces the winners of $9,000 in scholarships sponsored by Dow Jones/Wall Street Journal. Mitchel Huber and Garret Iden, both seniors and members of the Global Sales Leadership Society at Indiana University's Kelley School of Business, and Claire Lee, a senior at University of Washington's Michael G. Foster School of Business, will each receive $3,000.00 toward their sales education. In Depth Hewitt Study Shows Long-Term Incentives in Executive Compensation Packages Are Back—but With a Catch LTI Payouts Tied to Meeting Performance Goals Rising in Prevalence Hewitt recently conducted a detailed analysis of 2010 Form 4 Securities and Exchange Commission (SEC) filings of the Fortune 250, excluding newly hired executives. According to the analysis, the total median economic value delivered through LTI grants increased 23 percent in 2010 from 2009, nearly reversing the 20 percent drop in value that took place during the economic downturn in 2008 and 2009. As markets recovered in 2010, companies could award fewer shares through LTI grants to meet their targeted value goals. Hewitt's analysis shows the number of shares awarded through LTI grants in 2010 fell by a median of 19 percent compared to 2009, bringing annual run rates more in line with historical norms. The rise in LTI value does not come without hurdles for executives, however. According to Hewitt's research, more companies are moving away from totally unrestricted grants and establishing performance plans that require executives to hit specific business goals to pay out. Hewitt's research shows that the prevalence of LTI performance plans has steadily increased over the past seven years, from 18 percent in 2003 to 35 percent in 2009. UpComing Event Onrec Expo and RecruitingBlogs.com have partnered to present the Onrec-RecruitingBlogs.com Awards. These Prestigious Recruiting Awards will be presented at the Onrec Expo 2010, taking place September 14-16, 2010 in Chicago IL at the Donald E. Stephens Convention Center, and they are currently seeking nominations. (Special discount for the Onrec Expo 2010 for interbiznet readership - use the code THEB61 ) (read more) Permalink . - . Today's In depth News . - . Email a Friend . - . Feedback
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