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Health savings accounts: Not your parents’ retirement plan

HR Morning

With the rise in health savings account (HSA) enrollment among younger employees and the decline in company matching rates of 401(k)s, HSAs have emerged as a retirement account option for new employees. Retirement is the farthest thing from your mind because, let’s face it, that’s a lifetime away. You’re young.

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Key 401(k) Statistics: Retirement Plans by the Numbers

ForUsAll

With traditional pensions going the way of the dinosaurs, defined contribution plans are now the primary vehicle of America’s retirement system. Combined with other self-funded retirement plans such as IRAs, retirement assets now account for one-third of all household financial assets. trillion as of September 30, 2018.

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Stress, Money and Millennials: Where’s the Pain Point?

Best Money Moves

A recent Bank of America report , which analyzed the money habits of over 1,000 Millennials, found that the chief concern for respondents was that they weren’t saving enough for future expenses, like emergency funds and retirement. Additionally, three-quarters of respondents said that their generation overspends compared to other generations.

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The Machine Learning Big Data Guide for HR & Recruiting #hrtechconf

Workology

In 2015, talent management, specifically employee development is becoming a priority for employers as they re-evaluate the cost of recruiting, hiring and onboarding in comparison to the cost of retaining and developing internal talent within the organization. The data helps establish and identify the skill or topic’s importance.

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Employee Benefits 101: An Employer Guide for Growing Companies (Part One)

Namely

Forbes has this advice: “To attract talent and compete effectively, entrepreneurs [and small businesses] should offer health insurance, some life and disability insurance and probably a retirement savings plan.” For comparison’s sake, only 23% of part-time workers had medical care benefits available.

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10 Rules for Employee Retention Your Competition will Hate

Insperity

Use this as a comparison to your own offerings. For example, Indiana Pacers guard Paul George received a $7 million bonus when he achieved the honor of being selected to the All-NBA team in 2014. This could include investments, such as stock options and 401(k) retirement plans. Communicate. Good job.”.

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Those Employees With Financial Wellbeing Keep The Workplace Pumping

TalentCulture

In economic comparison, the full time job I had at the time with the university paid about $30,000 annually. trillion , an 84% jump since the great recession, according to a study from Experian , which analyzed student loan trends from 2008 through 2014. But there were loans involved in bankrolling my degree.

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