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Digest
Listen up, Boss: You control OUR happiness
By TIMES WIRES
Published October 29, 2006
Bosses have more control over employee happiness than productivity - at least according to their staff, says a survey of 573 working adults by Addeco North America, a work force solutions company: - While 56 percent of American workers said their supervisors have a direct effect on their work-life happiness, less than half think their bosses influence productivity. - Baby boomers were more likely to report that bosses had a strong effect on their daily lives than their Generation Y counterparts, and men were more likely than women to say that bosses directly affect their work performance. Directors might be too overconfident Directors may be more confident in their ability to handle the compensation packages of their chief executives than they should be, says a survey of 1,330 directors of public companies by consulting firm PricewaterhouseCoopers: - When asked about their ability to properly oversee CEO compensation, 83 percent of the directors said they feel effective or very effective. - Less than half of them, or 47 percent, said their boards are using a tally sheet for a total picture of CEO pay. Thirty-five percent said they weren't sure whether compensation committee members had used a tally sheet. - One-fifth of directors don't know how much their CEO would get if terminated. Slightly more, or 22 percent, were unaware how much they might pay their CEO when he or she retires and 19 percent were unable to say how much the CEO might earn if the control of the company were to change hands. - 66 percent think U.S. company boards aren't controlling the size of CEO compensation. Latin Americans ship $60M home Latin Americans working outside their countries will send $60-billion home this year, a 12 percent increase from 2005, says an Inter-American Development Bank survey of 2,511 Latin Americans by independent pollsters Bendixen & Associates: - 56 percent of Latin Americans sending money home did not have a job lined up when they migrated to the United States, but more than half found one in about 30 days. - They earn on average $900 a month, six times what they were getting at home. - And three of every four send money home.
[Last modified October 28, 2006, 20:31:27]
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