RadioShack CHRO to receive retention bonus in face of layoffs, closures
Following disappointing fourth-quarter results and plans to close 20% of its retail stores, the RadioShack board has announced retention bonuses for its CFO, CHRO, CEO, executive vice president, and senior vice president. CHRO Telvin Jeffries will receive a $250,000 bonus if he sticks around until March 1 next year.
NYC dramatically expands paid sick leave act
Mayor Bill de Blasio announced a change to the paid sick leave act that will now cover an additional 355,000 workers. Previously, the legislation only applied to businesses with at least 15 workers; now, it applies to those with five or more employees. He also eliminated the phase-in, giving employers until April to comply with the bill – until now, they had until mid-2015.
San Francisco bans the box
After months of consideration, the city of San Francisco has succumbed to pressure to ban the box. Employers in the city will no longer be legally allowed to inquire about criminal backgrounds on job applications or in initial interviews. Meanwhile, New Jersey re-introduced a similar bill on February 24.
Bloomberg staff to vote on unionization
Fear of layoffs has driven employees in Bloomberg’s New Jersey campus to a unionization campaign. The last time the company encountered a union push was in 2004, when a campaign at the company’s New York City headquarters ended without ever reaching a vote.
Legal, travel job postings up
Job openings across the US rose by 4.6% in the month of February, according to Simply Hired. The legal industry showed the highest increase, up 29.1%, followed by travel, at 20.3%. Openings in construction, on the other hand, decreased by 12.1%