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Health Care Turnover Rates [2021 Update]

DailyPay

However, since 2015, the average hospital turned over 89% of its workforce. Common issues that perpetuate turnover numbers may be the following: Lack of workplace engagement A tight labor market, and stiff competition for talent Baby boomers reaching retirement age leaving vacancies Job hoppers. from the previous year.

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401(k) Contribution Limits 2019: What Employers Need to Know

ForUsAll

That means lots of people now have the opportunity to save even more for their retirement - something we love. The total 401(k) retirement contribution limit (employee elective deferrals + employer contributions) has been raised from $55,000 to $56,000. (Or, almost everyone). What Changed - Contribution Limits.

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Payroll systems compliance: An engagement opportunity for HR Leaders

Ascender

But what about the impact of day-to-day errors and oversights, or legacy payroll systems that aren’t as efficient as they could be? Payroll non-compliance impacts your employee’s commitment. Workers are also concerned about not having enough to put away to retire comfortably. What are they costing you?

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Penalties for Benefits Noncompliance

Zenefits

Inflation is not only fueling price increases; it’s also requiring employers to pay more in penalties for not complying with benefits laws under the Employee Retirement and Income Security Act of 1974 (ERISA). HHS’s penalties increase annually under the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015.

HIPAA 68
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Want Insanely Low 401(k) Fees? Follow These 6 Steps

ForUsAll

Taken as a percentage of the assets, over time, they can add up to a HUGE chunk of change that can take years off of your or your employees' retirements. A 2% fee doesn’t sound like daylight robbery, but over 35 years, that little fee can consume up to half of your retirement earnings. Of course, easier said than done.

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The four-day workweek: A win-win solution for employees and employers?

Zalaris

Iceland is a pioneer in this regard, with a model project starting in 2015. Reduced retirement benefits: If wages are reduced and more people are employed to cover the remaining workload, individuals may end up with lower retirement benefits. What are the pros and cons of a 4-day work week?

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Help Employees Make the Most of Pre-Tax Deductions

Paycor

One goal of making certain payments pre-tax is to provide incentive for people to plan ahead for various life events, such as retirement and medical expenses. Retirement savings. Every dollar placed into one of these retirement savings plans reduces an individual’s taxable income by an equal amount. Common Pre-Tax Deductions.