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5 Things We Learned About the Future of Work From Heather McGowan at Thrive 2022

15Five

According to Heather, churn has been building since as early as 2009. It is notable that compensation and opportunities for growth/learning were tied for number presenting a profound opportunity for both HR and L&D professionals. . There are 5 “greats” changing the relationship between individuals and organizations.

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How to Support Employees As They Face Rising Inflation

Great Place to Work

Great Place to Work® analyzed data from companies before, during and after the Great Recession of 2007–2009, spanning 15 years from 2006 to 2021. While the S&P 500 suffered a 36% decline in value from 2007–2009, companies who supported all employees gained 14%. A focus on well-being. Raising wages.

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How Your Enterprise Benefits From a Total Rewards Strategy

Semos Cloud

Total Rewards is a compensation strategy for employees of a business or an enterprise. It’s worth mentioning that successful enterprises also have Total Rewards departments to ensure that compensation policies are well-thought and meet employee needs. The compensation also includes various bonuses for an employee’s salary.

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Filling a Skills Gap in Manufacturing

ExactHire

This is in drastic comparison to a decade ago, when during the Great Recession the unemployment rate began its steep rise (it would ultimately top out at 10% in October 2009 ). But while manufacturing production rebounded sharply at the official end of the recession in June 2009, the lost jobs did not return as quickly.

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Plan Sponsors Must Now Analyze 401(k) Plan Administration (Part 1)

HR Daily Advisor

When the Tax Cuts and Jobs Act (TCJA) was signed into law December 22, 2017, several proposed changes to the federal tax code that would have affected tax-qualified retirement plans were dropped. This article details three key areas that should be examined now. Special Tax Notices.

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3(21) vs. 3(38) Fiduciary: An ERISA Attorney Breaks it Down

ForUsAll

As Carol points out, “The Employee Retirement Income Security Act (ERISA) says every plan must have at least one named fiduciary… If no one is specified as the default named fiduciary in the plan documents, the business owner or the board is on the hook.”. But first: What does a fiduciary do in a retirement plan?

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5 Common Problems with Small Business Retirement Plans

Insperity

A retirement plan isn’t just for the benefit of your employees. A good retirement plan can spruce up your business and help you reel in those top-tier professionals. But if not chosen carefully, your retirement plan could be viewed as completely useless, becoming more of a burden than a benefit. In 2009, only 19.5