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Department of Labor, Executive (1 - 10 of 16 items)
401(K) Plans: Effects of Eligibility and Vesting Policies on Workers' Retirement Savings
GAO-17-69: Published: Oct 21, 2016. Publicly Released: Nov 21, 2016.
GAO's nongeneralizable survey of 80 401(k) plans ranging in size from fewer than 100 participants to more than 5,000 and its review of industry data found that many plans have policies that affect workers' ability to (1) save in plans (eligibility policies), (2) receive employer contributions, and (3) keep those employer contributions if they leave their job (vesting policies). Thirty-three of 80...
Retirement Security: Most Households Approaching Retirement Have Low Savings
GAO-15-419: Published: May 12, 2015. Publicly Released: Jun 2, 2015.
Many retirees and workers approaching retirement have limited financial resources. About half of households age 55 and older have no retirement savings (such as in a 401(k) plan or an IRA). According to GAO's analysis of the 2013 Survey of Consumer Finances, many older households without retirement savings have few other resources, such as a defined benefit (DB) plan or nonretirement savings, to d...
Contingent Workforce: Size, Characteristics, Earnings, and Benefits
GAO-15-168R: Published: Apr 20, 2015. Publicly Released: May 20, 2015.
The size of the contingent workforce as a proportion of the total U.S. employed labor force can range widely, depending on how it is defined. Narrower definitions generally focus on employment that is temporary, and can result in estimates of less than 5 percent. Broader definitions include various employment arrangements, such as on-call, part-time, and self-employment, among others, and can resu...
Workforce Investment Act: Results for Survey of Workforce Investment Boards (GAO-14-20SP, December 2013), an E-supplement to GAO-14-19 [Reissued on December 6, 2013]
GAO-14-20SP: Published: Dec 2, 2013. Publicly Released: Dec 2, 2013.
This document is an E-supplement to GAO-14-19. It presents the results of GAO's web-based survey of a nationally representative sample of workforce investment boards about how the local workforce areas they oversee guided Workforce Investment Act Adult and Dislocated Worker participants toward training in calendar year 2012.The survey asks questions about (1) which sources of labor market informat...
Unemployment Insurance: Economic Circumstances of Individuals Who Exhausted Benefits
GAO-12-408: Published: Feb 17, 2012. Publicly Released: Feb 17, 2012.
Among the 15 million workers who lost jobs from 2007 to 2009, half received Unemployment Insurance (UI), and about one-fourth of the recipients exhausted UI benefits by January 2010. This represents 2 million displaced workers who exhausted UI as of early 2010, the most recent survey data available. Labor estimated that about an additional 3-1/2 million individuals exhausted benefits in 2010 and 2...
Gender Pay Differences: Progress Made, but Women Remain Overrepresented among Low-Wage Workers
GAO-12-10: Published: Oct 12, 2011. Publicly Released: Nov 3, 2011.
Women represent an increasingly larger share of the total workforce in the United States--constituting nearly half of the total workforce. In addition, an increasing proportion of women in the workforce are more educated. However, research by GAO and others has shown that women's average pay has been and remains lower than that of men. Questions have been raised about the extent to which less-adva...
Unemployment Insurance: Low-Wage and Part-Time Workers Continue to Experience Low Rates of Receipt
GAO-07-1147: Published: Sep 7, 2007. Publicly Released: Sep 20, 2007.
The Unemployment Insurance (UI) program has been a key component in ensuring the financial security of America's workforce for more than 70 years. The UI program is a federal-state partnership designed to partially replace lost earnings of individuals who become unemployed through no fault of their own. In fiscal year 2006, the UI program covered about 130 million wage and salary workers and paid...
Unemployment Insurance: Receipt of Benefits Has Declined, with Continued Disparities for Low-Wage and Part-Time Workers
GAO-07-1243T: Published: Sep 19, 2007. Publicly Released: Sep 19, 2007.
The Unemployment Insurance (UI) program has been a key component in ensuring the financial security of America's workforce. In the 72 years since the UI program began, the nature of work has changed in fundamental ways. In recent decades the number of low-wage jobs, the average duration of unemployment, and the number of women in the workforce have all increased. This testimony addresses: (1) the...
Trade Adjustment Assistance: Industry Certification Would Likely Make More Workers Eligible, but Design and Implementation Challenges Exist
GAO-07-919: Published: Jun 29, 2007. Publicly Released: Jul 30, 2007.
Trade Adjustment Assistance (TAA) is the nation's primary program providing job training and other assistance to manufacturing workers who lose their jobs due to international trade. For workers to receive TAA benefits, the Department of Labor (Labor) must certify that workers in a particular layoff have lost their jobs due to trade. Congress is considering allowing entire industries to be certifi...
Human Capital: Selected Agencies Have Opportunities to Enhance Existing Succession Planning and Management Efforts
GAO-05-585: Published: Jun 30, 2005. Publicly Released: Aug 1, 2005.
As the federal government confronts an array of challenges in the 21st century, it must employ strategic human capital management, including succession planning, to help meet those challenges. Leading organizations go beyond a succession planning approach that focuses on replacing individuals and engage in broad, integrated succession planning and management efforts that focus on strengthening cur...