article thumbnail

Top Benefits of Global Contingent Hiring | ClearCompany

ClearCompany HRM

The Growing Contingent Workforce Contingent workers will make up 35-40% of the global workforce by 2025. Since contingent workers aren’t employees, they are not eligible for employee benefits such as health insurance and retirement contributions, and your business is off the hook for most employment costs. billion by 2031.

article thumbnail

HR in 2024: Shaping Tomorrow’s Workforce Through Bold Leadership

HR Digest

Laura Hanson, CHRO, insightsoftware The Sun Shine on Fair Compensation The winds of change are blowing through the landscape of employment, carrying with them a demand for transparency and equity. Nearly half of job listings now display compensation ranges. Their arrival signifies a seismic shift in workplace dynamics. “As


Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Addressing America’s retirement crisis with SECURE Act 2.0


Sometimes planning and saving for retirement may seem like a task we can put off until “later.” According to the Federal Reserve, 77% of working Americans are not on track to have sufficient savings by the time they reach retirement. How is the federal government responding to the retirement crisis?

article thumbnail

4 changes that SECURE 2.0 already made to your retirement plans

Business Management Daily

The law is nothing short of a detailed overhaul of employer retirement savings plans. Sutton of Strategic Retirement Partners (aka “The 401k Lady”) said the new rules came out before employers and the industry were ready. brings to your retirement plans in 2023. Employers have been trying to unpack the provisions of SECURE 2.0

article thumbnail

How the SECURE 2.0 Act of 2022 benefits your workplace


workers better prepare financially for retirement, at every stage of their employment journey. workers who have not been able to save enough money to retire have delayed their transition into this next stage of life because of current economic conditions and record-high inflation. The SECURE 2.0 For many U.S. The SECURE 2.0

article thumbnail

EBRI Study Overview: Balancing Student Loan Debt Payments with 401(k) Contributions


Quick look: Recent EBRI research reveals an all-too-common challenge employees face today is paying off student debt while also trying to save for retirement. These range from tuition reimbursement, student loan repayment plans , and financial counseling, in addition to the traditional retirement savings plans employers typically provide.

Study 96
article thumbnail

Kansas HR Compliance for Businesses | Paychex


Learn more about the requirements your business may need to comply with, including workplace safety, workers’ compensation, and more. Read 8468 Washington Saves Becomes Law; State Aims to Get More Employees Retirement Ready Retirement • Article • 6 min. Read 13178 How To Calculate Gross Profit Finance • Article • 6 min.

Paychex 52