Guideline

JUNE 25, 2024

💡 Key takeaways: Over the past few years, several states have passed legislation requiring business owners to offer their employees retirement savings benefits. Washington state recently passed legislation requiring employers to offer a retirement plan or enroll in the Washington Saves program. Why Washington?

Retirement 52

Retirement Planning Tools Guidelines Payroll 52

HR Digest

JANUARY 12, 2024

By 2025, they will represent a staggering 27% of the labor force, wielding immense economic power and wielding their voices as catalysts for change. As Baby Boomers and Gen Xers get closer to the ends of their careers, we’ll see a bigger emphasis from employees and employers on financial wellness and retirement preparedness.

HR Software 109

HR Software HR Planning Hiring Software Background screening 109

FingerCheck

MARCH 30, 2023

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?

Retirement 52

Retirement Hiring Software Planning Tools Compliance 52

Prism HR

OCTOBER 3, 2023

Nowadays, there are a lot of people who aren’t feeling very secure about their retirement. So let’s talk about that retirement situation. It’s not so great if people are continuing to work longer simply because they are concerned they won’t be able to afford to retire comfortably. of those people being 65 and older.

Retirement 59

Retirement Analysis Compliance Guidelines 59

Business Management Daily

AUGUST 30, 2023

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

Retirement 52

Retirement Certification Payroll Immedis 52

Empuls

JUNE 21, 2024

Bureau of Labour Statistics 1 has shown that 73% of working professionals accessed retirement rewards and benefits.   In fact, an Employee Benefit Research Institute report 2 has shown that 64% of workers feel somewhat confident about having enough money in retirement, while 18% are confident in their retirement structure.

Retirement 40

Retirement Planning Tools Recruiting Software Compensation 40

Extensis

SEPTEMBER 6, 2024

Quick look: 401(k)s are the most popular retirement plans in the U.S. When people think of a retirement savings plan, many think of a 401(k). 401(k)s help employees prepare for a comfortable retirement and grow their nest egg faster than if they were to put away funds in a traditional savings account. Who has a 401(k)?

Planning Tools 103

Planning Tools Retirement Hiring Software Recruiting Software 103

HRExecutive

JANUARY 12, 2024

Two recent headlines have, at the least, sparked conversations about reviving the predominant retirement benefit of the last century, experts say. Big Blue explained the move in a statement by saying it would help employees diversify their retirement portfolios and enjoy a “stable and predictable” benefit.

Retirement 105

Retirement Conference Strategy Wellness 105

Payactiv

OCTOBER 10, 2024

Finally, you can use the data you gather to plan a more financially resilient year in 2025. Rebalance Your Portfolio If you have investments in a 401(k) or individual retirement account (IRA), the end of the year is a good time to look at your portfolio. bonds) and high-risk (i.e., stocks, mutual funds, etc.) bonds) and high-risk (i.e.,

Planning Tools 52

Planning Tools PayActiv Retirement Assessment Software 52

WEX Inc.

JULY 9, 2024

Making the maximum contribution each year can be a smart retirement strategy. An HSA allows you to save for future healthcare expenses without having to tap into your retirement fund early for unexpected medical expenses. The IRS set 2025 contribution limits for HSAs. If you’re ready to invest funds, where should you start?

Planning Tools 98

Planning Tools Retirement Compliance Training Tools 98

Semos Cloud

MARCH 9, 2023

As more workers migrated to white-collar jobs, and seasoned professionals move closer to retirement, the entire manufacturing sector faces an unprecedented number of missing laborers. According to the National Association of Manufacturers , by 2025, U.S. million unfilled manufacturing positions in the U.S. A change has to happen.

Employee Recognition 52

Employee Recognition Hiring Software HR Software Staffing Software 52

Insperity

OCTOBER 10, 2023

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

Retirement 115

Retirement Bonuses and Incentives Planning Tools Talent Experience 115

HiBob

SEPTEMBER 19, 2024

On top of this, the half-life of skills is shrinking fast, with experts predicting that half of today’s workforce’s skills will be outdated by 2025. The Silver Tsunami refers to the increasing number of veteran professionals heading into retirement and taking their skills and institutional knowledge right along with them.

HR Software 78

HR Software Hiring Software Strategy Planning Tools 78

Guideline

JUNE 2, 2021

For those paying off student debt, the idea of saving at the same time—be it for retirement, a down payment, a wedding, or an emergency fund—can seem impossible. With a sound strategy and plan, you can chip away at your student loans AND chip in to your retirement savings. Open an IRA Don’t have a 401(k) plan at work? No problem.

Retirement 52

Retirement How To Planning Tools Compensation 52

Extensis

NOVEMBER 28, 2023

Quick look: Retirement savings has always been a significant part of the benefit conversation. was introduced to help people save more for retirement by improving retirement rules and lowering the employer cost of setting up retirement plans. With the passing of the SECURE 2.0 The next phase of changes for SECURE 2.0

Planning Tools 64

Planning Tools Retirement HR Software Recruiting Software 64

HR Digest

AUGUST 3, 2024

billion USD has gone down 1 percent year over year, which has played a large part in Intel’s cost-cutting measures to reduce spending by $10 billion USD in 2025. The company will also reduce its 2024 capital expenditures by more than 20 percent and the non-variable cost of goods sold by approximately $1 billion USD in 2025.

Planning Tools 98

Planning Tools Benchmarking Retirement HR Software 98

Extensis

DECEMBER 28, 2022

The Act includes a variety of features designed to help Americans save for retirement and assist SMBs in offering retirement savings plans to their employees. The Act defines that the age when retirees must begin drawing from their non-Roth, tax-deferred retirement accounts would rise from age 73 in 2023 to age 75 in 2033.

Retirement 98

Retirement Employee Benefits Training Wellness 98

Extensis

SEPTEMBER 6, 2024

As people seek more quality time away from the office and more employees work remotely, they desire the security of affordable healthcare, flexible work schedules, and retirement savings. An employer-sponsored retirement plan can help workers experience less financial stress, leading to higher productivity and job satisfaction.

Retirement 52

Retirement Retention and Turnover Recruitment Productivity 52

Extensis

APRIL 16, 2024

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

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marenated HR

SEPTEMBER 18, 2024

According to a survey by ResumeBuilder.com : 13% of retired seniors are likely to rejoin the workforce in 2025. 38% of currently working seniors don’t plan to retire for at least another five years. For many seniors, the financial realities of retirement aren’t living up to expectations. ” (Is that a word?)

Hiring Software 62

Hiring Software Retirement Planning Tools Talent Experience 62

PeopleStrategy

APRIL 18, 2022

On top of that, this tax credit was extended by the government up to the year 2025, which gives your small business ample time to save more from taxes. The icing on the cake is that the employees will not get taxed during that period.

Payroll 130

Payroll Retirement Hiring Diversity 130

Guideline

OCTOBER 21, 2022

At Guideline everything we do is rooted in providing a path to retirement and giving people the confidence to start planning for their financial futures. In 2020, California law passed the CalSavers Retirement Savings Program, or CalSavers for short. CalSavers was created to encourage more people to save for retirement.

Retirement 52

Retirement Guidelines Compliance Employee Benefits 52

Extensis

MARCH 29, 2023

Regulatory Agenda, the DOL has made notable changes to the Employee Retirement Income Security Act of 1974 (ERISA), as well as group health plans. ERISA is the federal law setting minimum standards for employer-sponsored retirement and health plans to protect plan participants. In 2023, SECURE 2.0 Saver’s match SECURE 2.0

Planning Tools 98

Planning Tools Groups Retirement Onboarding Software 98

Paychex

MAY 13, 2024

Read 8468 Washington Saves Becomes Law; State Aims to Get More Employees Retirement Ready Retirement • Article • 6 min. 401(k) and Retirement Help employees save for retirement and reduce taxable income. Read 13178 How To Calculate Gross Profit Finance • Article • 6 min.

Paychex 52

Paychex Compliance HR Planning HR Software 52

EverFi - HR

SEPTEMBER 23, 2024

Financially literate individuals tend to plan better, save more, and make smarter investment and retirement decisions. The program is set to reach six million students in 2025, with an emphasis on supporting low- to moderate-income (LMI) communities. What sets FutureSmart apart is its interactive, real-life approach to learning.

Planning Tools 59

Planning Tools Case Study Retirement Exercises 59

Affinity HR Group

OCTOBER 3, 2024

Although major compensation research organizations typically release wage growth projections in the fall, early estimates suggest an additional 4% wage growth in 2025. Comprehensive healthcare plans, retirement contributions, paid leave, and wellness programs are increasingly seen as essential components of a competitive compensation package.

Trends 40

Trends Bonuses and Incentives Retention and Turnover Compensation 40

Guideline

JANUARY 10, 2023

The Act creates more tax savings for employers and employees alike and expands access to a work-sponsored retirement program to many employees. And especially in states that require an employer-sponsored retirement plan, the Starter K could be a great private alternative to the potentially somewhat clunky State-IRA options.

Retirement 52

Retirement ADP Guidelines Compensation 52

Extensis

JULY 13, 2023

Though health and retirement savings benefits continue to lead the pack, modern offerings like flexible work environments and extended leave policies are gaining more traction. Retirement savings and planning are a close second SMBs are still focused on including retirement savings plans as part of their compensation packages.

Employee Benefits 90

Employee Benefits Survey Planning Tools Hiring Software 90

Cornerstone On Demand

MARCH 3, 2015

Baby Boomers are reaching retirement age, taking skills and knowledge as they leave, and morale is decreasing, fueled by work and pay freezes during the government shutdown last year. By the year 2025, Millennials will make up approximately 75 percent of the workforce.

Talent Experience 170

Talent Experience Human Capital Management Retirement Recruiting Software 170

Guideline

MAY 29, 2024

At a high level, a 401(k) is a qualified retirement savings plan offered by an employer. It allows employees to defer some of their compensation from their paychecks directly into a retirement account. As an employer, you are likely aware that 401(k) plans are often a cornerstone of an employee’s benefits package.

Retirement 52

Retirement Guidelines Discrimination Compensation 52

C. A. Short Company

DECEMBER 12, 2019

There’s a generational hand-off occurring in the workplace, as more and more Boomers retire, Gen X moves into leadership roles (51%), and (by 2025) Millennials pass the seventy-five-percent-of-the-workforce mark. It’s an exciting and dynamic time in the world of business.

Succession Planning 72

Succession Planning Employee Engagement Retirement Industry 72

Best Money Moves

NOVEMBER 8, 2022

By 2025, Gen Z employees will comprise nearly one-third of the total workforce, according to data from the World Economic Forum. Black Gen Zers are more likely to experience barriers to saving for retirement, such as debt. Solution: Start a company match program for retirement contributions. According to the U.S.

Assessment Software 72

Assessment Software Interview Software Planning Tools Retirement 72

ExactHire

AUGUST 10, 2018

million manufacturing jobs by 2025 (due to baby-boomer retirements and economic growth), the study predicts there will be 2 million jobs that will go unfilled. In the Year 2025 The U.S. manufacturing industry is not waiting for the year 2025 and a deficit of 2 million skilled employees. Lead with people not the product.

Hiring Software 130

Hiring Software Onboarding Software Recruiting Software Compliance Training 130

Extensis

APRIL 19, 2023

Quick look: New legislation under the Consolidated Appropriations Act (CAA) was enacted late last year, affecting employee retirement benefit and health plan laws for 2023 and beyond. Employees who do not wish to participate in their company’s retirement plan may choose to opt out after 90 days and recoup any contributions sans penalty.

Guidelines 52

Guidelines Retirement Employee Benefits Compliance 52

Cupa HR

OCTOBER 11, 2023

As proposed, plans could be expected to comply as early as the first day of any plan year beginning on or after January 1, 2025. CUPA-HR will be filing comments with other associations representing higher education and plan sponsors. Learn more about Segal.

Compliance 52

Compliance Analysis Retirement Data 52

Business Management Daily

JANUARY 5, 2023

Act of 2022 —90+ provisions focused on 401(k) and other retirement plans. 29, 2022, must auto-enroll participants once they’re eligible, beginning with the 2025 plan year. For plan years beginning in 2025, SECURE 2.0 Increasing retirement savings. Tucked not-so-deep into the CAA is the SECURE 2.0 SECURE 2.0 Student loans.

Planning Tools 52

Planning Tools Retirement Certification Payroll 52

ComplianceHR

AUGUST 19, 2024

2025 Budget Amends Universal Paid Leave Act, False Claims Act and Other Employment Laws Developments Taking Effect This Month Without doubt, employment law policies are ever changing, with some going into effect this month.

Employment Law 52

Employment Law Compliance HR Software Policies 52