The market continues its volatility and Washington DC as always appears to be far removed from the day to day experiences of business people on the west coast. One action that would reduce the impact of the volatility for going concerns is increasing the measurement period for analyzing pension liabilities. Congress has yet to act.
In the meantime most employers are running operationally sound businesses with depressed stock prices. The weaker competitors are being consumed by the stronger ones. Talented employees are staying put with much longer-term expectations associated with their working careers. As the downturn grinds on more will fall by the wayside and the best will be picked up by strong competitors. Dislocations like this are always difficult but organizations with the strength to survive and the wisdom to treat their employees well will come out in a much stronger position a year from now. An effective approach to managing talent will be a key to success.
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Rick Beal
- Rick Beal
- An attorney and consultant, Rick serves as the Market Leader for Towers Watson's Talent and Rewards Practice in Northern California and the Northwest. Rick provides total rewards, talent management and communication consulting assistance to for-profit and not-for-profit companies throughout the Pacific Rim. Rick’s clients are in the finance, insurance, technology, research, construction-engineering, bio-technology, retail, food and beverage, professional service, and quasi-governmental sectors. Prior to entering consulting, Rick worked in litigation, strategy, tax and financial roles in banking, government and healthcare. Rick holds an M.B.A. from the University of California at Berkeley, a J.D. from New England School of Law and a BA in psychology degree from the University of Wisconsin at Madison. Rick is active in legal and consulting professional organizations and serves on nonprofit boards. He publishes and speaks frequently on human resource topics.
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