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Daily Archives: November 16, 2015

New Calculator for Employers Tallies the Full Cost of Employee Turnover

Center for Economic and Policy Research: “”Employee turnover costs businesses millions of dollars each year.  However, many employers don’t accurately track this expense, which could be reduced by improving workplace conditions.  To help business owners understand the cost of turnover, the Center for Law and Social Policy (CLASP) and Center for Economic and Policy Research (CEPR) have released an updated turnover calculator.  This dynamic tool allows employers to calculate turnover costs by responding to 10 simple questions. When employees leave or are laid off, companies incur numerous expenses searching for and on-boarding their replacements; these include advertising, recruiting, background checks, benefits administration, training, and lost productivity while new employees become proficient at their jobs.  Taken together, these costs can have serious implications for bottom lines.  The turnover calculator allows businesses to input wages; weekly hours; and recruiting, hiring, and training costs to determine the financial impact for different categories of workers.  In today’s competitive marketplace, employers are closely attuned to employee retention factors.  That’s why many have begun to implement worker protections that reduce turnover, including earned sick days, paid family and medical leave, and fair scheduling practices.  But while some employers are leading in these areas, too many businesses haven’t caught on. Thirty-nine percent of workers (more than 41 million) still lack paid sick days; just 13 percent of civilian workers have access to paid family leave, and only about 40 percent of workers have short-term disability leave through their employers…”

Tale of Two Retirements: one for CEOs of large U.S. corporations and the other for the rest of us

Center for Effective Government: “Retirement benefits for CEOs at corporations have exploded while the rest of Americans struggle to save for retirement. Just look at this statistic: the 100 largest CEO retirement funds are worth a combined $4.9 billion. That’s equal to the entire retirement account savings of 41 percent of American families! This rising… Continue Reading

Managing the Impacts of Climate Change on Poverty

Hallegatte, Stephane, Mook Bangalore, Laura Bonzanigo, Marianne Fay, Tamaro Kane, Ulf Narloch, Julie Rozenberg, David Treguer, and Adrien Vogt-Schilb. 2016. Shock Waves: Managing the Impacts of Climate Change on Poverty. Climate Change and Development Series. Washington, DC: World Bank. doi:10.1596/978-1-4648-0673-5. License: Creative Commons Attribution CC BY 3.0 IGO. “Ending poverty and addressing climate change are… Continue Reading

Does Foreign Tax Arbitrage Promote Innovation? Evidence from Subsidiary-Level Data

Albertus, James F, Does Foreign Tax Arbitrage Promote Innovation? Evidence from Subsidiary-Level Data (November 15, 2015). Available for download at SSRN: http://ssrn.com/abstract=2691064 “In this paper, I examine innovation in the context of an unexpected policy shock that facilitated tax arbitrage by U.S. multinational firms. I find that after the shock, U.S. multinationals shifted more of… Continue Reading

GAO Reports – End-Stage Renal Disease, Financial Audit of CFPB, FHFA, SEC, GAO Performance, DOD Small Business Subcontracting

End-Stage Renal Disease: Medicare Payment Refinements Could Promote Increased Use of Home Dialysis, GAO-16-125: Published: Oct 15, 2015. Publicly Released: Nov 16, 2015. Financial Audit: Bureau of Consumer Financial Protection’s Fiscal Years 2015 and 2014 Financial Statements, GAO-16-96R: Published: Nov 16, 2015. Publicly Released: Nov 16, 2015. Financial Audit: Federal Housing Finance Agency’s Fiscal Years… Continue Reading

A Tale of Two States: Rule of Law in the Age of Terrorism

De Minico, Giovanna, A Tale of Two States: Rule of Law in the Age of Terrorism (November 2, 2015). Available for download at SSRN: http://ssrn.com/abstract=2685142 “The European counter terrorism laws offer to the author the chance to deal with on one side the appropriate balance between the threat of terrorism and constitutional values; on the… Continue Reading

On the Efficiency of the Common Law: An Application to the Recovery of Rewards

Niblett, Anthony, On the Efficiency of the Common Law: An Application to the Recovery of Rewards (November 12, 2015). European Journal of Law and Economics, Forthcoming. Available for download at SSRN: http://ssrn.com/abstract=2691548 “Richard Posner’s influence on the field of law and economics cannot be overstated. Among his many contributions, Posner offered an early conjecture that… Continue Reading