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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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 average participant deferral rate in 2017—the highest level in a decade, according to a recent T. Benefits 2017 employee retirement Rowe Price

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LIMRA Data: Pension Buyouts at Highest Q1 Level in 15 Years

HR Daily Advisor

Single-premium pension buyout sales as part of the “derisking” of defined benefit (DB) retirement plans for the first quarter rose 31% from the same period in 2016, totaling $1.4 billion—the highest first-quarter results in 15 years, according to the LIMRA Secure Retirement Institute.

The Recognition Landscape Isn’t Changing Much

China Gorman

Recognition programs are vital tools in an organization’s total rewards strategy, but beyond the knowledge that “recognizing employees is a good thing to do” we can look to data that back up recognition programs as an important part of an organization’s culture.

Learning Corner With Jeffrey Pfeffer: COVID-19 Changes Everything—and Nothing—About Managing Workers

Cornerstone On Demand

Not only are they tackling tasks in different work environments (likely with fewer interactions with bosses and colleagues), they are trying to do so while being bombarded with dire updates about health outcomes and the state of their retirement accounts.

10th Circuit: Fedex Regards Employee as Disabled Based on Inaccurate Aetna Claim

HR Daily Advisor

” As part of his duties, James was supposed to regularly enter sales call data into a computer program. However, for 2 months in the summer of 2011, he didn’t enter any data into the program. ADA & Disabilities ADA data disability employer

Aging Workforce Challenges: Trends, Statistics and Impact

Digital HR Tech

According to data from the European Labor Force Survey , workers aged 55+ currently make up for 16% of the total workforce in the European Union. Simply because they can’t afford to retire. As a result, there aren’t enough people to take over the jobs of retiring Baby Boomers.

3 Financial Wellness Benefits Employees Can’t Live Without In 2019

PlanSource

The 2008 recession was the single biggest financial catastrophe to hit the U.S. On the opposite end of the spectrum, nearly half of American families have no money set aside for retirement. Census data suggests that only 40% of employees contribute to retirement accounts.

Benefits Packages that Motivate Employees and Attract Top Talent

InfinityHR

Retirement. Since the 2008 financial crisis, everyone has been stressing the importance of savings, especially for retirement. An employer-sponsored retirement plan helps employees by: Deducting savings directly from paychecks.

When Payday Means Payback

Tsheets

To learn more about how employees are utilizing their paychecks and in conjunction with National Payroll Week (September 3-7), QuickBooks Payroll surveyed 1,000 American workers, and this is what the data says.*.

Talent Shortages Hit the Levels of 2007: In-house Talent Development Comes to Rescue

Rallyware for Human Resources

ManpowerGroup data shows that 40% of employers have difficulty in filling positions today. A German study from 2008 showed that the percent of committed employees was highest in companies with an employee-oriented corporate culture (45%).

The US Talent Pool: Welcome Back to a Seller’s Market

Energage

In preparation for those sessions, I have been dusting off some of my favorite Bureau of Labor Statistics data. Now let’s overlay the Bureau of Labor Statistics data on ‘Layoffs’ – the monthly rate at which organizations are dropping people from their payrolls.

If you build it, will they come? Overcoming the talent crisis in manufacturing

HR Times

Manufacturing growth since the 2008 recession is also positive, as GDP attributed to manufacturing increased from 11.9 percent in 2013, 4 and data projections suggest 400,000 jobs will be added between 2015 and 2020. At the same time, however, manufacturing faces significant challenges, all related to talent, including: Sobering retirement demographics. million workers are expected to retire between 2015 and 2025. Posted by Ben Dollar on March 25, 2015.

When an Acquisition Goes Awry It's Usually Because of Culture (i4cp login required)

i4cp

corporate history (Holson, 2008). Lafley, P&G’s chairman, president, and CEO at the time (Lafley retired in 2015), described how important culture was in his early acquisition discussions with Gillette’s CEO, Jim Kilt, who called him to propose a deal. “It

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Is it time for a culture check-up?

HRExecutive

When Lisa Bettinger Buckingham took the HR reigns at Lincoln Financial Group in December 2008, the financial-services industry was struggling to survive a global economic crisis that many economists today believe brought the world to the brink of a second Great Depression. Lincoln employs a number of avenues for gathering culture-related data. The resulting data will be aggregated and available in real time. “In

How to bridge the generation gap in the workplace

Insperity

Outlook on work is impacted by the economic downturn of 2008 (the resulting career uncertainty and devastating impact on retirement savings). For example, a Baby Boomer on the precipice of retirement may be driven more by money: Salary increases, 401(k) contributions or bonuses.

401(k) Nondiscrimination Testing: A Simple Guide for Improving Your Results

ForUsAll

In the most basic terms, nondiscrimination tests (NDTs) are annual tests required to ensure that 401(k) retirement plans benefit all the employees, (not just business owners or highly-paid employees). Startups also face retirement plan implementation and nondiscrimination testing challenges.

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5 Trends in Small Business Hiring for 2019

Career Metis

Small businesses most commonly provide health benefits, retirement and 401k plans, and paid time off (PTO). Use this data as evidence to reinforce your decision to seek full-time employment. Part-time hiring, a sign of economic uncertainty, has declined since the 2008 recession.

Swimming Lessons: 5 Gold-Medal Tips to Get Peak Performance from Top Talent

Linkedin Talent Blog

Russell studies video and data then makes suggestions to swimmers and coaches to help them achieve faster times. So, data and a growing comfort interpreting it became Russell’s friends. Turning to data rather than relying on hunches or habit can help you stay ahead of the pack.

Reinventing Work

Sergio Caredda

Many governments are still not in shape financially: low and even negative interest rates , currency market volatility and the long tail of the 2008 crisis means that resources are finite. Unemployment data get challenging to read as governmental agencies are overwhelmed with requests.

What Is Employee Turnover (and Why It Matters)

Zenefits

This includes any employee departure, including resignations, layoffs, terminations, retirements, location transfers, or even deaths. Let’s take a look at the data in chart form. Preliminary data.

This HR Executive of the Year is Transforming IBM

HRExecutive

Despite the company’s sterling reputation in areas such as diversity and innovation (Fun fact: IBM in 2008 became the first-ever company to win more than 1,000 patents within a single year), the widespread adoption of cloud computing earlier in the decade seemingly caught IBM flat-footed.

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This HR Executive of the Year Transformed IBM

HRExecutive

Despite the company’s sterling reputation in areas such as diversity and innovation (Fun fact: IBM in 2008 became the first-ever company to win more than 1,000 patents within a single year), the widespread adoption of cloud computing earlier in the decade seemingly caught IBM flat-footed.

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Reinventing Work

Sergio Caredda

The first data coming in are really bleak, both for the US and the European Union. Many governments are still not in shape financially: low and even negative interest rates , currency market volatility and the long tail of the 2008 crisis means that resources are finite.

infographic: recognition by the numbers

O.C. Tanner

He started in 1928 as a mail boy until his retirement in 2008 as part of the Board of Directors. Data brings insights. As the world leader in employee recognition, we’ve seen a lot of appreciation in the last 90 years.

Transforming Big Blue

HRExecutive

Despite the company’s sterling reputation in areas such as diversity and innovation (Fun fact: IBM in 2008 became the first-ever company to win more than 1,000 patents within a single year), the widespread adoption of cloud computing earlier in the decade seemingly caught IBM flat-footed.

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Why Knowledge Management Didn’t Save General Motors: Addressing Complex Issues By Convening Conversation

Conversation Matters

In 2008 KM was alive and well at GM. But between 2000 and 2008 knowledge management did not help GM bring that organizational knowledge together in a way that could have saved it from bankruptcy. Starting about 2000 GM put together a vibrant KM program.

The Employee Engagement Dialogues: Leadership Insights from Mike Morrison with David Zinger

David Zinger

I think the key is to really grasp what’s going on, to collect some data, to get up on the balcony and see things differently. Employee Engagement Dialogue with Mike Morrison and David Zinger. Watch the video and follow along with the transcript.