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Search resuls for: "Willis Towers Watson"


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☆ Premarket stocks: Recession fears receded this earnings season
  + stars: | 2022-11-21 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +6 min
So can the United States avoid a serious recession? What’s happening: As the third-quarter earnings season wraps up, it appears that CEOs may think so. The past month has brought with it a solid earnings season and a bevy of encouraging economic data that shows a slowing pace of inflation. The United States will enter a “mild recession in the second half of 2023, they said. All regions of the United States saw month-over-month and year-over-year declines.
☆ Get ready for bigger paychecks: Record high increases expected in 2023
  + stars: | 2022-11-18 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +2 min
Employers are planning to increase their salary budgets by 4.6% next year, the highest expected annual jump in 15 years. That’s according to the latest international survey from consulting firm Willis Towers Watson, which included responses from 1,550 US employers. This year, for instance, 70% of organizations surveyed by Willis Towers Watson said they spent more than they originally planned. “Certain jobs will get a disproportionate share [of the salary budget increase] because they are critical or difficult to hire for.”Gartner is expecting even larger pay increases next year. Its survey of employers, conducted in September and October, found that organizations in North America expect to offer merit increases of 7% on average.
☆ How the crypto fallout could affect you
  + stars: | 2022-11-15 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
New York CNN Business —The crypto industry is still reeling from last week’s shocking death spiral of digital currency exchange FTX. While these funds say they had limited exposure to FTX, their inclusion points to a growing but alarming trend that could affect you even if you’re not a buyer of crypto yourself. What’s happening: Pension funds are increasingly investing in alternative assets in search of bigger returns. In the United States, public pension funds are facing serious challenges that threaten the retirement plans of millions of state and local government employees. It’s not just a trend that’s happening in the United States.
☆ New York City's pay-transparency law is coming. Wall Street's big paydays will stay secret, but other changes could shake up finance.
  + stars: | 2022-10-27 | by ( Danielle Walker | ) www.businessinsider.com   time to read: +8 min
With so much Wall Street pay linked to bonuses, the law has less bite for financial-services firms. A new salary-transparency law is about to take effect in New York City, the nation's financial capital. Will law firms take advantage of the ambiguities of the law?" "I think banks have unique problems because they have so many administrative employees. 'No way to post bonuses up front'In April, the group and chambers of commerce for the city's five boroughs sent a joint letter to the New York City Council.
☆ New York City helps kick off 'wave of pay transparency legislation' as workers demand full salary disclosure
  + stars: | 2022-10-26 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +3 min
New York City's Wage Transparency Law goes into effect on Nov. 1, making it mandatory for employers to share the salary or hourly wage in postings. "We expect the recent wave of pay transparency legislation to continue," said Mariann Madden, director of work and rewards at benefits consulting firm WTW, formerly known as Willis Towers Watson. "Job seekers and current employees want to know and understand that they are treated fairly and are provided with equal opportunities to thrive and grow within the organization," Madden said. The idea is that pay transparency will bring about pay equity, or essentially equal pay for work of equal or comparable value, regardless of worker gender, race or other demographic category. "Employers may realize this transparency is important to job seekers and start including it anyway without a mandate," she said.
☆ Americans have largely avoided health care inflation so far – but that’s about to change
  + stars: | 2022-10-13 | by ( Tami Luhby | ) edition.cnn.com   time to read: +6 min
About 155 million Americans have work-based health insurance, the largest source of coverage by far, according to the Kaiser Family Foundation. Delayed impact of inflation on health careWhile the cost of gas, food and other essentials can change quickly based on inflation and market conditions, health care operates differently. In fact, health care costs are bucking their own typical trend. Workers are projected to shell out an average of 2.6% more for health care this year, compared to 2021, Aon calculated. Increases expected to continueNext year will only be the start of an extended period of increased health care costs, experts said.
☆ Two-minute drill: PSA, MDT & WTW
  + stars: | 2022-09-26 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo-minute drill: PSA, MDT & WTWJeremy Bryan, Gradient Investments portfolio manager, joins 'Closing Bell: Overtime' to discuss his favorite stock picks including; Public Storage, Medtronic and Willis Towers Watson.
☆ Open enrollment season for 2023 employee benefits is getting underway. What to watch for
  + stars: | 2022-09-22 | by ( Sarah O'Brien | ) www.cnbc.com   time to read: +3 min
Hinterhaus Productions | Digitalvision | Getty ImagesIt's that time of year, when workers get to make some decisions about their employee benefits. Many companies are beginning to hold their annual open enrollment period, which is when employees can sign up for 2023 health insurance — as well as consider other benefits, if your employer offers them. Some may offer extras like supplemental life or disability insurance, pet insurance or help with education costs. "People tend to [review] their benefits very quickly," said Paul Fronstin, director of health benefits research at the Employee Benefit Research Institute. For 2023, the annual cap on HSA contributions is $3,850 for self-only coverage and $7,750 for family coverage.
☆ Judge denies U.S. bid to stop UnitedHealth plan to buy Change
  + stars: | 2022-09-19 | by ( Diane Bartz | ) www.reuters.com   time to read: +2 min
WASHINGTON (Reuters) -A U.S. judge on Monday denied the Justice Department’s bid to stop UnitedHealth Group from buying Change Healthcare, a court filing showed, in a blow to the U.S. administration’s tougher enforcement of antitrust issues. UnitedHealth announced the all-cash deal in January 2021, saying it would help streamline administrative and payment processes. UnitedHealth said it was “pleased with the decision” and looked forward to combining with Change as quickly as possible. The Justice Department had said that UnitedHealth and Change Healthcare offer competing software for processing healthcare claims and together serve 38 of the top-40 health insurers in the country. The Justice Department also lost a bid to win convictions of executives at chicken processing companies that it accused of price-fixing.
☆ People: Employees' well-being, diversity, and equity are key components of sustainability
  + stars: | 2022-03-03 | by ( Sharon Goldman | ) www.businessinsider.com   time to read: +5 min
Sustainable goals include improving people's well-being, health, and equity. This article is part of the "Financing a Sustainable Future" series exploring how companies take steps to set and fund sustainable goals. That includes investing in everything from fair wages to reskilling and upskilling; health and safety; diversity, equity, and inclusion; gender equality; and fair hiring practices. For Horizon Therapeutics, a biopharmaceutical company with 1,800 employees worldwide, a key priority around diversity, equity, and inclusion is pay equity. "We have 100% pay equity at Horizon,'' said Irina Konstantinovsky, Horizon's executive vice president, chief human-resources officer, and chief diversity officer.
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