A survey done by Vault, an employment company, finds that newspaper classifieds are now being considered the least effective career search tool available to college seniors. Vault says 76 percent of the students who participated in its Class of 2001 Survey reported that they did not find newspaper classifieds helpful in their job search. Other helpful resources cited included company recruiting events, college career centers and online job boards. Medical costs for retirees included in company plans increased faster than medical costs for active employees. The EEOC announced federal regulations concerning employment agreements waiving employees' rights to file age based discrimination complaints.
Ratification prevents an individual from challenging the agreement in court.
The new EEOC regulation essentially incorporates the Supreme Court's reasoning In Oubre. The burden is on the employer to prove that the Waiver is valid. The new regulations were effective January 11, 2001. A trial on this complaint will be held. The court reasoned that the employee failed to give 30 days notice, as required by DOL regulations, for leave that is foreseeable and that the employee violated the terms of the collective bargaining agreement that he call in by the third day of the leave.