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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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Forget the Catchy Headlines – It Is Time for HR Leaders to Get Serious About Workforce Planning

CCI Consulting

First, some facts about employee turnover: The 2021 quit rate is consistent with other post-recession data (i.e., a 28% quit rate in 2001 and 2010, following the 2000-2001 and 2008-2009 recessions). A significant contributing factor in 2021 is the increase in retirements with 1.5M more retirements than normal. 

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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. The fallout of the financial crisis of 2008 left many of them with debts and/or insufficient income from their pension. Postpone retirement.

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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. The resulting data will be aggregated and available in real time. “In

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2023 workforce predictions: resilience over growth

Achievers

Development has long been a cornerstone of employee retention, career growth, and succession planning. AWI data from the 2022 State of Recognition report shows that regular meaningful recognition from managers triples their Manager Net Promoter Score (mNPS). How is the concept of development evolving? What is belonging at work?

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15 Best HCM Software in 2024 (Based on Four Research Parameters)

Vantage Circle

Benefits Administration : Manages employee benefits, such as health insurance, retirement plans, and other perks. Workforce Planning: Workforce Analytics : Helps collect data about the workforce, analyze them, and transform those into insights on workforce trends that help with strategic decision-making.

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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. Those include: Benefit Pension Plan. 401(k) Plan. Roth 401(k) Plan.