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The state of retirement planning for small businesses

Guideline

While the pandemic has certainly brought in waves of economic uncertainty, the fears that plagued retirement savings during the 2008 recession haven’t manifested in any major hesitation to save over the last two years.

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Multiemployer Pension Plan Funding Nears Peak Since 2008 Crash, Study Says

HR Daily Advisor

Multiemployer retirement plans’ funding in the first half of 2017 neared its best position since the market collapse of 2008, according to a new study by the actuarial consulting firm Milliman. Jane Meacham is the editor of BLR’s retirement plan compliance publications.

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Retirements vs Quits: Getting to the Bottom of the Great Resignation

Slayton Search Partners

However, when we dig deeper into the data, the Great Resignation is more nuanced than mere generalist headlines reveal. In particular, the earlier pandemic era (2020-2021) resulted in a record number of retirements and early retirements. The fact is, the oldest Baby Boomers became eligible for retirement benefits back in 2008.

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How to Solve Hiring Problems in Manufacturing with Employee Recognition

Semos Cloud

After the 2008 recession, the trade deficit skyrocketed and the number of blue-collar workers fell from 24.6 million blue-collar employees in the US, according to the most recent data from CEPR. The situation will only worsen because of older professionals’ retirement rates. million (in 2000) to 17.8 million in 2010.

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Now hear this: The workforce needs you

Business Management Daily

First, I found the core data that drove the headline. However, the trend line is still firmly up from 2008, when the resignation trend began. Early retirement of baby boomers Many (possibly as many as two million) baby boomers chose to retire early during the pandemic due to a mix of health concerns and a reevaluation of priorities.

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Highest Employer-Sponsored Retirement Participant Deferral Rate Reached in 2017

HR Daily Advisor

Automated features now standard for most employer-sponsored retirement plans helped bring about a record 8.3-percent The rise in employee deferral amounts perpetuates a trend started in the years after the 2008 financial crisis. The report draws data from the 636 defined contribution (DC) 401(k) and 457 plans with more than 1.6

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The Emergency Savings Crisis Shows Why We Need Financial Literacy

EverFi - HR

Additionally, 1/4 of adults don’t have any retirement savings, at all. In the wake of the 2008-2009 Great Recession, new resources proliferated to help consumers make key decisions like creating budgets, establishing retirement plans, and automating personal finance behaviors like moving money into savings. Download Now.