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With the state of the current economic climate, businesses have been forced to make crucial budget cuts. Human resources, as well as other departments, have experienced a decrease in the number of staff members or have been eliminated altogether. With far fewer resources, the remaining staff members are left with the responsibility to manage the workload previously done by many more employees. (WageWatch) Read the complete article  
Top Stories: Benefits & Wages
Employment costs rose at a slower pace in the third quarter compared with the prior three months, indicating workers have limited scope to bargain for higher wages as the U.S. economy struggles to pick up. The median forecast in the Bloomberg survey for overall employment costs called for a 0.5 percent rise in the third quarter. Projections from 46 economists ranged from increases of 0.3 percent to 0.6 percent. (Bloomberg) Read the complete article
The Department of Labor announced new numbers for its quarterly Employment Cost Index today, showing that labor expenses continue to rise over the long term. Wages and salaries make up about 70% of compensation costs and increased 0.3% in the most recent quarter. Benefits account for 30% of employment costs, and jumped 0.8% in the quarter.
(Daily Finance )
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Top Stories: Lodging & Gaming
Some restaurants, hotels, retailers and other employers of low-wage workers are opting to hire part-time employees instead of full-time in anticipation of health reform requirements that large companies provide health insurance for full-time workers or pay a fee. (Wall Street Journal) Read the complete article *Note: Login Required
US Travel: Growth Rate Will Slow in 2013
Looking ahead to 2013, travelling number is projected to grow. However, that growth will be at a much slower pace than the last few years, the number of trips is going to increase by 1.1% in 2013. The growth the U.S. is projected to see in domestic and international travel will enable the travel industry to add 98,000 jobs to the economy by 2013. (Hotel News Now) Read the complete article
STR: Hotels Report Weekly Increases
In year-over-year comparisons, occupancy rose 6% to 65.1%, average daily rate was up 4.7% to $109.65 and revenue per available room increased 11% to $71.42. Among the top 25 markets, Seattle reported the largest occupancy increase, rising 14.9% to 73.9%, followed by Anaheim-Santa Ana, California, with a 14.2% increase to 75.6%. (Hotel News Now)  Read the complete article
Top Stories: Healthcare
15 Latest Hospital Executive, Physician Compensation Stories
15 latest hospital executive and physician compensation stories from the past month.  Roughly 79 percent of all physician specialties experienced raises in compensation in 2011, although most of the increases were nominal. (Beckers Hospital Review)  Read the complete article
Healthcare Posts Gains in October Jobs Report
Healthcare added about 31,000 jobs in October, with gains of approximately 25,000 in ambulatory care, according to the monthly jobs report released Nov. 2 by the Bureau of Labor Statistics (BLS). BLS noted that over the last year, healthcare employment has risen by 296,000. (Phys Biz Tech) Read the complete article
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