News Briefs

March 12, 1997
THE DAILY FED

News Briefs

Third Annual Performance Management Conference, May 13-14, McLean, VA

Plan now for the Third Annual Performance Management Conference, May 13-14, 1997, in McLean, VA, at the McLean Hilton Hotel. This conference is designed to provide practical, cutting-edge information on a wide variety of topics related to performance appraisal and awards. To receive a brochure, call (202) 606-2720, or fax a request to (202) 606-2395. For additional conference information, call Digna Carballosa at (202) 606-1778 or E-Mail dmcarbal@opm.gov.


The following news summaries are from OPM AM, the daily newsletter of the Office of Personnel Management. OPM AM is available on OPM Mainstreet, the agency's electronic bulletin board, at 202-606-4800.


THE FEDERAL DIARY--"For the past 12 months that ended in February, the C-fund (stocks of the federal 401(k) plan earned 26.4 percent. High C-fund returns have produced a major shift in where workers have put their savings plan optional retirement funds" (The Washington Post).

WELFARE TO WORK--"As more welfare recipients enter the workforce because of a welfare overhaul, many employers are finding that it is difficult to keep them on the job. State governments, big businesses, job-training firms and local chambers of commerce have tried different methods to keep welfare clients on the job" (USA TODAY).

VACATION CUTBACKS--As if downsizing wasn't enough, vacation time is shrinking. Workplace psychologists warn that shrinking vacation time is a recipe for a national case of job burnout (USA TODAY).

ELDERCARE--We take better care of our elderly parents than most realize. A study of 200 care-givers by the National Council on the Aging, focusing on people who live more than an hour from their elders, suggests even distant family members spend a lot of time and money on eldercare (The Wall Street Journal, Work & Family).

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