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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. And not only is the amount of active participants growing, but the rate of growth is accelerating as well.

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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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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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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. Decline in birthrates We are not replacing our population with new births—we haven’t since the mid-1970s—and the numbers are trending even lower. What drove the drop?

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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. Hirsch , M.A.,

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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.