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Generation Z Eyes Early Retirement, Wants Personalized 401(k) Advice

Generation Z Eyes Early Retirement, Wants Personalized 401(k) Advice

​Workers ages 21 to 26 want to retire at age 61. However, these Generation Z members say inflation, monthly bills and unexpected expenses are among the obstacles to saving for a comfortable retirement, according to a new Schwab study.  “Younger workers are still finding their financial footing in an economic environment that is challenging everyone,”

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Work Hours Are Decreasing, but That’s OK

Work Hours Are Decreasing, but That’s OK

​Workers are spending fewer hours on the job on average after working at a record pace during the COVID-19 pandemic. Private-sector employees worked, on average, 34.3 hours per week, based on July data from the Bureau of Labor Statistics (BLS). That’s slightly below the 2019 average and down from a peak of 35 hours in

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Sunrise On Dream Beach Vacation

Encourage Your Employees to Take Time Off This Year

The thought of vacation time brings a smile to almost everyone. Yet research shows that many employees are thinking about skipping or at least shortening their vacation plans this year out of fear of being laid off or falling behind in their work. Others simply want to conserve their cash, given the uncertain economy. That

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Culture Can Improve Retention in High-Volume, Lower-Paying Industries

Culture Can Improve Retention in High-Volume, Lower-Paying Industries

​There are plenty of unique challenges when trying to recruit and retain hourly employees in high-turnover industries, such as retail, food service and convenience stores. In fact, turnover last year for full-time convenience store sales associates was 130 percent—and 152 percent for part-timers, according to the National Association of Convenience Stores’ State of the Industry

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Large Employers Eye Alternatives to Retiree Health Benefits

Large Employers Eye Alternatives to Retiree Health Benefits

Pressured by rising costs, U.S. employers are looking at alternative ways to provide health care benefits to their retirees over the next three years, such as by replacing traditional group medical benefits for pre-Medicare retirees with subsidies to purchase individual insurance through a private marketplace, new research shows. Half of large U.S. employers are concerned

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U.S. Employers Boost Pay Budgets Despite Recession Concerns

U.S. Employers Boost Pay Budgets Despite Recession Concerns

Salary budgets for U.S. employees are projected to increase in 2023, mainly influenced by a labor market with more open jobs than people to fill them and inflation’s impact on employees’ pay expectations, despite signs that the economy is slowing. Consultancy WTW’s July Salary Budget Planning Report found that companies are budgeting an overall average

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Three ways to better manage remote and dispersed employees

Three ways to better manage remote and dispersed employees

One of the skills perhaps some managers may have been lacking over recent years is the ability to manage remote teams. Clearly, the recent disruptions to working practice have brought that skill sharply into focus but for many, it remains an elusive attribute. That said, despite the need for this flexible skill, it is not

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IRS Announces Spike in 2023 Limits for HSAs and High-Deductible Health Plans

IRS Announces Spike in 2023 Limits for HSAs and High-Deductible Health Plans

Health savings account (HSA) contribution limits for 2023 are going up significantly in response to the recent inflation surge, the IRS announced April 29, giving employers that sponsor high-deductible health plans (HDHPs) plenty of time to prepare for open enrollment season later this year. The annual inflation-adjusted limit on HSA contributions for self-only coverage will

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