Deals and People October 18, 2010

Symetra Names National Sales Manager

October 18, 2010 (PLANSPONSOR.com) - Symetra Life Insurance Company has named Richard Moran vice president and national sales manager for the company’s retirement and life insurance products.
Reported by

Moran will be responsible for sales planning, territory management, team development, and producer support.   

According to a press release, most recently, Moran managed a retirement income sales team at MassMutual Financial Group. Prior to MassMutual, he held a variety of sales and marketing positions at UBS Financial Services, Bear Stearns, Smith Barney, and Merrill Lynch.  

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Moran earned a bachelor’s degree in economics at the University of Massachusetts at Amherst.
Benefits October 18, 2010

Four in Ten Workers Worldwide Won’t See Pay Increase This Year

October 18, 2010 (PLANSPONSOR.com) - A recent Monster poll has found that 41% of workers worldwide will not receive a pay raise this year.
Reported by

Of the 12,962 respondents, 21% said they will get a raise this year and they get one every year.  

According to a press release, other responses included: 

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  • Yes, wages were frozen but I’ll get one this year – 8%  
  • Maybe, my pay raises happen on an irregular basis – 14%  
  • I don’t know – 15%  

 

Regionally, over 33% of workers polled in Asia revealed that they expect one and get one yearly; while only 18% do not expect to get one. Conversely, 19% of respondents in the EU said they will get a pay raise this year.   

In Italy, 61% of workers polled will not be receiving a pay raise this year.   

Overall, 29% of those polled were unsure if they would receive a pay raise or not. Mexican and Italian workers have to deal with the least structured processes as 22% and 21%, respectively, receive irregular pay raises, the announcement said.   

The survey was conducted May 1 – 10, 2010.

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