Day: February 25, 2013

Rebuild your nest egg after divorce

You probably never want to think about divorce — but its a very real reality for some folks. If you’re putting time and effort to look at how life and finances will look once you join up with someone — its worth the same look if you are looking at splitting up.

Its grim — but its something that I wanted to get out there for some of you — and for your peeps. This talks specifically about a divorce, but I know that now a days there are many people who are together in domestic partnerships or living arrangements that may want to take a look at parting ways and the what makes those situations different.  So stay tuned!

Making the HR connection, yours, thegirlinhr

The secret: Forget the house, go for the pension.

Retirement plans often go by the wayside when your marital status changes.

Divorce or having a spouse die young saps income and assets, making it much harder to continue saving the same way you did as a married couple.

A recent survey by ING found that the average divorced person had $10,000 less in retirement savings than the average married person, even though the divorced respondents were typically five years older.

Women often find themselves especially pressed: Household income drops 41% for women after a divorce and 37% in widowhood, compared with under 25% in both cases for men, according to a report by the Government Accountability Office.

Although family changes put a lot of immediate worries on your plate, it’s crucial to keep one eye on your long-term plan.

via Rebuild your nest egg after divorce – Feb. 18, 2013.

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HR Practioner’s Corner ->Bartender Reports Drunk Driver To Police

I found this article this morning while doing a quick news search (one of the only things that wasn’t Oscar related)

The link to the full article is below — and I have a quick recap for ya here on both sides of the story.  From what you read below, what would YOU have done if you were the HR or Manager and this had happened in your business. What are some of the things that you consider and what would you have done?

Its the HR practitioner’s corner – yours, thegirlinhr

Twyla DeVito, an Ohio bartender, was shockingly fired after reporting a drunk driver to police.

Devito thought she was doing the honorable thing when she called police during her shift as a bartender at the American Legion Post in Shelby, Ohio. However, her employers disagreed and she was allegedly fired for her goodwill efforts.

Employee’s Side:

I called the police and said we have a very drunk person leaving the bar. He is going to kill someone or himself.

Her Employer’s Side:

An article by 10TV News writes that Mic Hubbard, a commander of the post, believes DeVito made the correct decision morally, he disagrees with her actions on a business level.

He explained:

“If every patron who comes in here has to worry about the cops waiting for them when they leave, the place would be empty.”

via Bartender Fired For Reporting Drunk Driver To Police.