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5 Surprising Statistics About the State of Employee Financial Wellness

Best Money Moves

5 surprising statistics about the state of employee financial wellness. Here are key insights into the state of employee financial wellness. The responses illuminate the growing strain of financial stress on many workforces — and just how important financial wellness benefits are to offsetting that stress.

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The big boom: The ABCs of preparing your company for the exodus of retiring baby boomers

Rehmann

is on the brink of an inevitable employment crisis: the Baby Boomer generation – comprising nearly 75 million Americans – has begun to retire in large numbers. In 2010, the percentage of retired baby boomers was 10 percent; that figure has nearly doubled today. Collect data on when key employees plan to retire.

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The Delicate Art of Choosing Part-Time vs. Full-Time Workers

Homebase

Cons of full-time jobs Higher costs: Going full-time often means more benefits like health insurance and retirement plans, bumping up your overall labor costs. Largely speaking, you’re not required by law to give full-time employees benefits, which can include: Health insurance Retirement plans (e.g.,

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Creating a Culture of Well-being: The Key to Organizational Wellness

Terryberry

Businesses that prioritize the well being of their employees experience improved productivity, higher engagement, and a boost in profits. Ultimately, investing in organizational wellness results in a thriving work environment where employees are inspired to do their best. for every dollar spent on wellness programs.

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How to balance paying off student loans while saving for retirement

Guideline

trillion as of June 2020, with student loan debt growing around 7% annually since 2010. For those paying off student debt, the idea of saving at the same time—be it for retirement, a down payment, a wedding, or an emergency fund—can seem impossible. You can still open up an individual retirement account like a Roth or traditional IRA.

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5 important takeaways from Microsoft’s HR strategy

HRExecutive

Fred Thiele, Microsoft’s vice president of global benefits and mobility , prefers using well-being over wellness when describing the software giant’s holistic benefits approach. Related: 5 ways to get creative with employee benefits “Then we realized the notion of wellbeing included the whole person,” Thiele says.

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Diagnosing and Preventing Nurse Burnout Using People Analytics

Visier

According to a 2010 study of California’s policy by Linda Aiken, et al., Nurses are nurses because they genuinely want to take care of people,” says Dr. Stacy Sprague, PhD, R Psych, Executive Director, Employee Wellness at Vancouver Coastal Health. It’s a prevalent problem industry-wide. intensive care unit nurses).