
Week in Work
There's Still Time to Find a Job This Year
A new study has found that the period between Thanksgiving and New Year's is
the best time to land a new job. The researchers say that since many
companies' budget approvals expire at the end of the year, in December
managers are eager to fill available positions. Another explanation: The
holiday mood makes interviewing easier and more productive.
Employers Absorb Health Care Cost Increases
Most employers did not make their workers pay more for health insurance in
1999, a new survey has found. Next year, companies are expected to pay an
additional 7.5 percent for their employees' health insurance, but only 25
percent say they will pass these costs on to their workers. Experts say a
tight labor market and strong economy are behind the companies' decisions.
Energy Department Employees Will Face Polygraphs
Scientists who have access to the government's nuclear secrets will have to
pass polygraph tests in order to keep their jobs, the Energy Department has
announced. While the department had announced earlier that as 10,000 workers
would be affected, the final number will be only around 800. The increased
security comes in response to charges that a former computer scientist for
the government sold top-secret information to the Chinese.
Wall Street Bonuses Announced
More than $13 billion in bonuses will be handed out to Wall Street's brokers
and traders this year, according to the Securities Industry Association.
With stocks continuing to trade at near record levels, the bonuses will
represent an 18 percent increase over last year -- and a new record. Wall
Street bonuses have risen steadily over the last decade, with exceptions
only in 1994 and 1998.
Viva la France! French Workweek Is Shortened
The Parliament of France gave final approval last week to legislation that
will shorten the official workweek to 35 hours. Prime Minister Lionel Jospin
said that he hopes the new law will bring down unemployment, which is now
around 11 percent. The new law will take effect in the year 2000 for
businesses with more than 20 workers, while those with fewer have until
2002.
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