HR: Keeping a Strategic Focus in a Tough Economy
Although retirement benefits have long given state and local governments an edge in recruiting for certain jobs, that may change in the wake of the 2008 economic downturn. Because of the resulting decline in the value of equities, unfunded pension liabilities have grown. Human resource managers will need to keep a close eye on the strategies that are considered to address unfunded pension and retiree health liabilities.
In this article for HR News, Center President and CEO Elizabeth Kellar discusses the scope of the problem facing HR managers and also highlights two examples of forward-looking localities that could prove to be useful models for other state and local governments.
Recent Posts
