Sentenc.es – A Disciplined Way To Deal With Email
This is so simple you kind of wonder why more managers don’t implement a policy like this.
Business Trends
STOLI News June 09
How to Make Less Money (without trying)
FT.com / Companies / Banks – BBVA offers staff five years’ leave
Workforce and staffing issues have always been an interesting area to me. The current WTF economic mess does spur creativity in those of us who like simple things (like eating). Courtesy of an NPR RSS feed I found my attention drawn to this article on www.ft.com describing a most creative workforce reduction idea.
BBVA is offering staff three options: first, leave of three to five
years for long-term employees who want to undertake “personal or professional projects”, with 30 per cent pay and healthcare on top; second, a shorter working week with reduced pay; and third, special time off for up to two years for those who want to care for children or relatives or take postgraduate courses. All are voluntary and the company reserves the right to refuse those who apply.
I haven’t formulated an opinion yet. But if you are one of the unfortunate few that has suffered a corporate mandated pay cut, this just might be the other shoe to drop. I sent an email to John Hollon at www.workforce.com asking for his opinion. Stay tuned.
If It Sounds Too Good To Be True…
Nice article by Terry Savage on the premium financing of large amount life insurance policies to seniors who really did not need the insurance. According to Savage, some seniors are unable to sell their policies to investors to complete the cycle (borrow money, buy insurance policy, sell insurance policy, pay off loan). I’m a tad bit disappointed Savage did not report actual numbers of policyholders affected.
If I find some statistics on this, I’ll post them.
Individual Life Sales Down 26% 1Q
More Pink Slips at The Hartford
At The Hartford, 200 Layoffs In ’09, And More To Come — Courant.com
“Congratulations on driving The Hartford into the ground,” Justin Winthrop, 88, of West Hartford, told Ayer. “You’ve destroyed the image, reputation and the name of The Hartford. When may we expect your resignation?”
The Hartford has received $3.4 billion in TARP funds. But even this amount of money won’t be enough to save jobs.
Looking For a Remote Underwriting Job? Good Luck.
EconomPic: Can We Inflate Our Way out of this Mess?
Looking for a remote underwriting job? Maybe you’re looking for any underwriting job. If the answer is “yes” please read this article on EconomPic. And if you’re a visual type, I’ve reproduced the graphics from the article.
Take Home Lesson – Plan B…now. Time to create a new and different future.
Scary stuff
Scarier stuff
B-A-I-L-O-U-T
Prudential Among Insurers Cleared for U.S. Bailout (Update2) – Bloomberg.com
According to Bloomberg, six insurance companies have been approved for TARP funds.
Lincoln Financial Update – May 2009
Lean and Lame – Downside to Downsizing
The Tricky Truth About Downsizing – BusinessWeek
Click the link above to read a short, interesting viewpoint on downsizing.
lifeunderwriter.net 
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