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HR in 2024: Shaping Tomorrow’s Workforce Through Bold Leadership

HR Digest

The architects of this revolution are the bold and forward-thinking leaders in human resources. The year demands that the pulse of innovation beats strongest within the corridors of a dynamic and future-focused HR strategy. These are not new foes for HR teams, but they are persistent ones.

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Human Resources Technology Trends for Brokers

Extensis

As these human resources technology trends quickly replace past tools and strategies, businesses turn to their brokers to educate, modernize, and safeguard them. A business’ technology plan must include personalization and digitization while continuing to streamline processes and create ongoing value. Distributed workforces.

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Are pension plans making a comeback?

HRExecutive

Two recent headlines have, at the least, sparked conversations about reviving the predominant retirement benefit of the last century, experts say. Big Blue explained the move in a statement by saying it would help employees diversify their retirement portfolios and enjoy a “stable and predictable” benefit.

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SECURE 2.0 Act and the Retirement Situation

Prism HR

Nowadays, there are a lot of people who aren’t feeling very secure about their retirement. So let’s talk about that retirement situation. It’s not so great if people are continuing to work longer simply because they are concerned they won’t be able to afford to retire comfortably. of those people being 65 and older.

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DOL’s New Rules for 401(k)s and Group Health Plans: What Brokers and Their Clients Should Know

Extensis

The Department of Labor (DOL) has updated rules regarding employer-sponsored healthcare and 401(k) plans starting in 2023 and continuing over the next few years. Regulatory Agenda, the DOL has made notable changes to the Employee Retirement Income Security Act of 1974 (ERISA), as well as group health plans. In 2023, SECURE 2.0

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EBRI Study Overview: Balancing Student Loan Debt Payments with 401(k) Contributions

Extensis

Quick look: Recent EBRI research reveals an all-too-common challenge employees face today is paying off student debt while also trying to save for retirement. These range from tuition reimbursement, student loan repayment plans , and financial counseling, in addition to the traditional retirement savings plans employers typically provide.

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What’s Next for SECURE 2.0 in 2024

Extensis

Quick look: Retirement savings has always been a significant part of the benefit conversation. Act in late 2022, sweeping changes to 401(k) plans went into effect at the beginning of this year. However, 2024 brings a different set of changes, particularly for those not yet near retirement age. Here are a few of the key SECURE 2.0