Highest-paid US public company executives

Associated Press published a list of highest-paid public company executives out of S&P 500 index.

  1. Larry Ellison, Oracle Corp. (ORCL), $84.6 mln
  2. John Thain, Merrill Lynch & Co. (MERPO), $83.1 mln
  3. Leslie Moonves, CBS Corp. (CBS), $67.6 mln
  4. Richard Adkerson, Freeport-McMoran Copper & Gold Inc., $65.3 mln
  5. Bob Simpson, XTO Energy Inc. (XTO), $56.6 mln
  6. Lloyd Blankfein, Goldman Sachs Group Inc. (GS), $53.9 mln
  7. Kenneth Chenault, American Express Co. (AXP), $51.7 mln
  8. Eugene Isenberg, Nabors Industries Ltd. (NBR), $44.6 mln
  9. John Mack, Morgan Stanley (MS), $41.7 mln
  10. Glenn Murphy, Gap Inc. (GPS), $39.1 mln

62.7% of US employees choose PPO plan for their medical insurance

Consumer Driven Health Plans, or CDHPs, increased by 43% from 2007, and now comprise nearly 13% of all plans offered by employers. The%age of employees enrolled in these plans nearly doubled, from six% in 2007 to 11.2% 2008. While preferred provider organizations (PPOs) continue to dominate the market, representing 54% of plans offered by employers and nearly two-thirds (62.7%) of employees enrolled, health maintenance organization (HMO) participation continues to slip, and now represents just 21.3% of plans offered, with only 13.3% of employees enrolled, United Benefits Advisors reported.

78% of US employees feel burned out on the job

78% of American workers told CareerBuilder they feel burned out. 46% feel their workload has increased over the last six months. 45% described their current workload as heavy or too heavy. 23% said they are dissatisfied with their current work/life balance. 54% of workers said their companies offer some sort of flexible work arrangements and 66% indicated they take advantage of at least one of the programs offered.

31% of US organizations have weight-loss programs

36% of US organizations offer health care coverage for both same-sex partners and for dependent grandchildren. In addition, 30% offer health care benefits for foster children, and 15% give paid adoption leave. 62% pay for long-distance calls home during business travel; 37% offer a compressed work week; 24% offer such benefits as postal services, legal assistance, and food services or a subsidized cafeteria; and 5% offer concierge service. 72% offer wellness resources and information; 40% offer smoking cessation programs; 31% offer weight-loss programs; and 21% offer bariatric procedure coverage. Human resource professionals report that benefits costs to employers average 39% of payroll. Of those costs, 21% are attributed to mandatory benefits, and 18% to employee-selected benefits, Society for Human Resource Management reported.

20% drop in Computer Science majors in 2008

The Computing Research Association found a 20% drop in 2008 in students completing bachelors degrees in professional IT fields. Enrollment in undergraduate degree programs in computer sciences is more than 50% lower than it was 5 years ago, the group said. Between 2005-2006 and 2006-2007 the number of new students declaring computer sciences as a major fell 43% to 8,021. According to the US Bureau of Labor Statistics, 854,000 professional IT jobs will be added between 2006 and 2016, an increase of about 24%. When replacement jobs are added in, total IT job openings in the 10-year period is estimated at 1.6 mln. The bureau estimates that one in 19 new jobs created in the 10-year period will be professional IT positions.

40% of US employees completely satisfied with their jobs

More than 40% of employees report they are very satisfied with their jobs, according to the 2008 Job Satisfaction survey. 80% of employees report overall satisfaction. The%age of very satisfied employees rose from 38% in 2007 to 41% 2008. The figure has remained relatively consistent since SHRM first conducted this survey in 2002, with 30% responding very satisfied. The overall satisfaction score – 82% 2008 – was 79% 2007, and 77% in 2002. In 2008’s survey, female employees reported higher levels of job satisfaction than men, as did employees aged 56 and older, compared with those 35 and younger. 2008’s unstable economic climate is reflected in employees’ perceptions of job security (59%), where it was cited as the top aspect of satisfaction. Ranked in importance, it was followed by benefits, compensation, feeling safe in the workplace, communication between employees and senior management, and opportunities to use skills and abilities.