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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 percent average participant deferral rate in 2017—the highest level in a decade, according to a recent T. percent setting a 3-percent default, the firm said in its annual “Reference Point” report for 2017.

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Most Employer Pension Sponsors Show Interest in Transferring Plan Risk, Survey Reveals

HR Daily Advisor

Most employers with traditional defined benefit (DB) plans are interested in transferring their pension plan risk off their books, according to a retirement plan industry think tank that measures pension buyout activity. The full report, “Heating Up Plan Sponsor Interest in Pension Risk Transfer (2017)” is available to LIMRA members only.

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How BAE Systems Uses High-Potential Development As a Catalyst for Professional Growth and Retention

i4cp

The company delivers products and services that span electronic systems, maritime and land platforms, intelligence and support services, munitions, cyber-security, and other areas. headquartered operations generated $10 billion in 2017, with a workforce of 32,100 employees. From this imperative, Catalyst was born.

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3 Ways That Offering Financial Wellness Benefits Will Improve Your Bottom Line

DailyPay

And, according to Schwab Retirement Plan Services, 93% of millennials polled would take advantage of a financial wellness program at work. Financial wellness improves productivity. Without a singular attention at work, productivity decreases and mistakes are made. That is a tremendous number.

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

i4cp

for $57 billion, Gillette investor Warren Buffett called it a “dream deal,” one that would create “the greatest consumer products company in the world.” They also established a special task force to specifically ensure that the two cultures were tightly integrated (Fisman, 2013). Buffett was right. We believe this must change.

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How to Manage A Multigenerational Workforce?

CuteHR

workforce in 2013 , but that figure will decline in the coming years. The Baby Boomers are the first generation to reject the customary retirement age of 65. Millennials surpassed Baby Boomers and Generation Xers to become the greatest generational representation in the American workforce in 2017. Baby Boomer: 1946-1964.

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10 Best HRMS Softwares in 2020: For Small & Medium Enterprises

Vantage Circle

Creditable performance module to enhance employee productivity. Track Productivity. Established in 1999, ZingHR adopts a mobile-first approach to provide HR solutions from hire-to-retire. Zoho provides a complete HRMS solution under three different product heads namely Zoho People, Zoho Recruit, and Payroll. Engagement.