Here’s an amazing stat: Amazon recently hired 12,800 employees bringing its headcount up to 109,800, compared with 81,400 a year ago. That means the company employs more people worldwide than Microsoft does and on any given day has thousands of additional job opportunities listed.
Salary increase budgets and are near to historical lows, and are likely going even lower, due to the weak economic “recovery.” Growth in 2010 has been so tepid that unemployment has barely budged and employers have started to cut back their budget plans for 2011 (and even for 2010, if they haven’t fully implemented them yet).
Well it is official, the Federal COBRA Subsidy has been extended into 2010. What does that mean to you and your company?
One of our Trusted Resources, Strategic Pay Series, has a great Blog post that gives a wonderful overview as to what the extension includes and what it will mean to businesses in 2010.
There have been and continue to be legislative changes that may directly impact your company’s administrative and cash flow procedures. We hope that this article helps clarify issues around COBRA and related legislation passed as a part of the Economic Stimulus Package.