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Financial Literacy: The Missing Piece in Your Employee Benefits Puzzle

Payactiv

Financial Literacy Month was established in 2004 to recognize the importance of teaching individuals fundamental financial concepts such as budgeting, borrowing, taxation, and other aspects of personal financial management. Assess Their Financial Wellness Needs Ask employees what they want to see in a financial wellness program.

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Employment Laws in Nigeria

Global People Strategist

Regarding retirement savings, Nigerian employees and employers have a legal obligation: make sure 7.5% 6. Employee Compensation Act. Nigerian employers are required to make a minimum monthly contribution of 1% of the total monthly payroll into the Employee Compensation Fund. 7. The Nigerian Factories Act, 2004.

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Make Sure You Take Sufficient Steps to Find Missing Participants

HR Daily Advisor

But the guidance does not clearly state at what point the retirement plan fiduciary has met its obligation to track down missing participants who are due a benefit. While the retirement plans community awaits requested guidance on sufficient missing-participant searches, this column will offer a few best-practice tips. Background.

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Now Available for Download: HR Trends to Watch in 2018

Benify

Since 2004, Benify’s innovative technology has been helping companies around the world navigate the dynamic HR ecosystem to make it Great at Work for their employees. With fewer guarantees of economic stability, a greater strain on financial resources, and an increased need to prepare for retirement, employees have a lot on their minds!

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Help Employees Understand the HSA Value Proposition

Corporate Synergies

HSAs were introduced in 2004, but have seen steep growth—from 3.2 The opportunity to set aside pre-tax money for expenses in the future is an area where the HSAs and retirement plans, like 401(k) and 403(b), start to blend together in an employee’s retirement savings strategy. Using HSAs as an Investment Strategy for Retirement.

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Stay Ahead of Competition with These Employee Perks

Workforce Opportunity Services

The most common workplace benefits are those surrounding health, vacation time, parental leave and retirement plans. These employees can receive an amount equivalent to the company's 401(k) match—5 percent of the employees' compensation—deposited to their 401(k) accounts even if they don't otherwise contribute to their 401(k).

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California Companies Can Impose a Waiting Period on Paid Vacation Accrual

HR Daily Advisor

He asserted claims for (1) failure to pay all wages upon termination, (2) violation of California’s unfair competition law, and (3) penalties under California’s Private Attorneys General Act of 2004 (PAGA). The trial court granted the auto companies’ motion to dismiss. Todd appealed, and the court of appeal affirmed.