Wall Street Journal (01/12/15) Anna Wilde Mathews; Theo Francis
To attract good prospects and reduce turnover, Aetna Inc. has decided to pay employees a minimum of $16 an hour. The shift will help the company prepare for a more consumer-oriented business and better weather changes in the industry. Wages have been stagnant even as other economic indicators improve, but signs indicate that the tipping point may be near. In addition to Aetna, other large corporations also have recently lifted wages.
Aetna also plans to allow some employees with lower household incomes to select health insurance coverage with lower out-of-pocket costs, but will maintain their premiums at the same level. The change could save workers with families approximately $4,000 annually.
Say Goodbye to Mundane Tasks and Hello to Efficiency
Are you accustomed to using a plethora of resources to recruit the right candidates? Our research shows that the average firm spends around five hours logging in and out of systems to source candidates to fill one job. We’re excited to announce the next level in candidate sourcing: CareerBuilder Talent Discovery, a platform that has everything in one place. Stop by CareerBuilder’s booth next week at Staffing World to learn more—Booth 813 in the expo hall.