IBM jolted its employees two weeks ago when it announced it was extinguishing its traditional pension in favor of a 401(k) plan. It said it would save as much as $3 billion over five years, and employees suspect those dollars are coming directly out ... more >>

Bill Healy never saw it coming. The head of a successful division of a major financial institution, he'd just been interviewed for his company's newsletter when he got the call. He was to be one of the 103 employees let go as part of a corporate rest... more >>

The next round of globalization is sending upscale jobs offshore. They include basic research, chip design, engineering-- even financial analysis. Can America lose these jobs and still prosper? Who wins? Who loses? The sense of resignation inside B... more >>

Many parents wonder why their kids can’t just grow up, buy a home, start a family and live without debt. They don’t realize how much the economic context has changed. Tamara Draut and Stuart Fink didn't expect it to come to this. Aft... more >>

New thoughts on how firms should view employees! With a few signs of hope in the U.S. job market and many employees restless in their jobs, companies need to start thinking about how to keep their best workers from leaving. How an employee feels abo... more >>

"Mandatory retirement is quickly becoming as archaic as the dinosaur. With many people now retiring at 55 or 60 -- they can have 20 to 30 years of life left. Working will be a necessity once they do hit their 60s, since their potential Social Securit... more >>

Hidden costs, high staff turnover and poor cross-cultural communications are the key causes of offshore outsourcing failures, according to new research from analyst house Gartner. The analyst report predicts global spending on offshore outsourcing s... more >>

Every morning, it seems, you read an article in the paper about layoffs at another company. Those layoffs are hard on the people who get laid off, but they are also just as hard on the people left behind. There is more work to be done and fewer peopl... more >>

One of the most unsettling truths about the job market today can be found in two seemingly insignificant recent announcements by high-tech powerhouses Oracle and Hewlett-Packard. Software giant Oracle said it's moving 2,000 developer jobs from the U... more >>

Before you start a budget, it's wise to figure out what you consider life's 'necessities.' By doing so, you'll be able to figure out where to pare back.A couple of years ago, my family and I moved out of Manhattan and into New York's Hudson Valley, p... more >>