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Two HR takeaways from Larry Fink’s letter on the retirement crisis

HR Brew

BlackRock CEO Larry Fink addressed the retirement crisis in his annual letter to investors on March 26, making the case that Americans should work later into their lives in light of demographic and economic factors straining the system. Fink challenged “our anchor idea for the right retirement age—65 years old,” in light of these trends.

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Top HR Challenges Found in HR Dive’s 2022 Identity of HR Report

Extensis

Quick look: Many HR challenges arose during the years since the pandemic began, and 2022 was no different. In the survey, these experts answered questions regarding their role’s top priorities, stresses, and habits in 2022. Data shows that smaller HR teams were more likely to outsource their HR functions. HR professionals today.

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Compensation Analysis: The Definitive 2022 Guide

Decusoft

The analysis is very detailed and should include relevant data on each role you have within your company. This data may be compared with similar businesses in your industry or region. There are several benchmarks that are used to analyze data between roles and companies. A few include: External Businesses in Similar Industries.

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Want to boost employees’ perception of HR? Look at your benefits strategies

HRExecutive

Remember the narrowly averted strike of railway workers in 2022? Services most frequently outsourced include retirement planning (70%), COBRA administration (69%), employee assistance programs (64%), voluntary benefits administration (57%) and spending account administration (47%). We urge you to sign up today.

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A Guide On How To Calculate The Employee Turnover Rate

Vantage Circle

This includes resignations, layoffs, retirement, termination, transfers, or deaths. Basically, it includes any reason of exit other than natural causes such as retirement. Suppose, on 1st April 2022, your organization had 60 employees. This implies that for the year 2022-23, the employee turnover rate is 13.33%.

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Helping Employees Prepare for Retirement

Extensis

Quick look: It’s October, meaning it’s both “spooky season” and National Retirement Security Month. October is National Retirement Security Month, a time that is officially dedicated to “acknowledging the need to raise public awareness of a variety of tax-preferred retirement vehicles.” The state of retirement today.

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What We Can Learn From State Retirement Plan Mandates

SHRM

In the year 2022, the word “mandate” elicits strong emotions on both sides of the aisle. So why do retirement plan mandates appear to have bi-partisan support?! The data is pretty evident: employer sponsored retirement plans are increasingly effective at getting individuals to save for retirement.