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Upcoming Retirements: Identify employees nearing retirement age and plan for knowledge transfer. Conclusion Workforce planning is not a one-time exercise; it’s an ongoing process that requires attention, flexibility, and a strategic mindset.
In 2025, these programs go beyond traditional retirement plans. Green retirement plans that invest in environmentally responsible funds. Preventive care incentives , rewarding employees for healthy behaviors like regular exercise, balanced diets, and routine check-ups.
Since its inception in 2018 , National Wellness Month has aimed to increase awareness of stress management, self-care, and healthy routines, such as drinking more water, regularly exercising, making healthier food choices, improving sleep habits, and more. National Wellness Month advocates for the wellness of all people, including employees.
Whether they’re moving to a new job, retiring, or embarking on a new chapter in their life, giving a thoughtful farewell gift or good luck gifts for a coworker leaving is a great way to show your appreciation and wish them well. For someone retiring, gifts that support their hobbies or new lifestyle can be very thoughtful.
Its a trust-building exercise at a time when vulnerable employees need it the most. These are the questions frontline workers, especially retirees and those nearing retirements, will bring to your door. Scammers are already circling, preying on confusion with fake promises of expedited Social Security Fairness Act benefits.
Exercise programs and nutritional challenges are commonly used to encourage employee health. Programs like auto enrollment into 401(k) plans, starting with an 8-10% contribution rate and auto-escalating annually can start employees on a secure path toward retirement saving.
In addition to these days, Nike offers an array of health benefits, including on-site fitness centers that promote regular exercise and wellness. Employees also have access to financial planning assistance for retirement, professional development and training opportunities, and discounts for various fitness activities.
Also ask about perceived fairness, as well as their satisfaction with their benefits package, including their retirement plan, PTO, and leave policies. Compensation and Benefits Find out whether employees perceive their salary as competitive. Remember that some benefits, like the amount of vacation time, arent strictly financial in nature.
Fitness incentives Employees receive free or discounted gym memberships or subsidies for exercise classes like spin, yoga, or Pilates. Offer flexible hours for exercise schedules to increase participation rates. They revolve around the idea that when employees feel their best, they are much more likely to give their best at work.
Yoga mats : Encourage relaxation and exercise with a high-quality yoga mat. Retirement : Mark the retirement of a coworker with a memorable gift. Fitness trackers, yoga mats, and wellness kits are excellent options. Examples: Fitness trackers : Devices like Fitbit or Apple Watch can help track their fitness goals.
Meanwhile, in the Philippines, cost-of-living concerns are shaping benefits design, with retirement benefits emerging as a long-term focus. Philippines employers are increasingly concerned with affordability, emphasising retirement and end-of-service benefits as key elements of financial resilience.
Availability of healthy food and opportunities to exercise, such as taking walks. It can encourage employees to take short breaks to exercise, even if it’s just a short walk. Emphasize wellness in benefits offerings Most standard benefits packages include things like health insurance, a 401(k) retirement plan and PTO.
For instance, someone getting close to retirement, living in an area with limited employment options, or relying on this position’s attractive salary may opt to stay. Eat right, exercise, engage in hobbies, and get enough sleep. Switching places can reinvigorate passion and restore self-confidence. What might make things better?
Physical health initiatives often involve fitness challenges , exercise classes, and access to wellness facilities. Offering resources such as financial planning workshops, retirement planning assistance, and budgeting tools can help employees manage their finances more effectively.
Compensation and benefits : Examine salaries, bonuses, equity plans, and employee benefits like health and retirement plans. GET STARTED How to conduct HR due diligence While it’s true that HR due diligence is a structured and formal process, it’s certainly not a check-box exercise.
To determine appropriate salary levels, organizations should engage in regular market benchmarking exercises. For example, older employees may appreciate additional healthcare coverage or retirement benefits, while young professionals may value work-life balance initiatives. entry-level, mid-career, executives).
A post-open enrollment survey isn’t just a feel-good exercise—it’s a critical tool to validate what worked, uncover gaps, and build a sharper strategy for next time. The best part is, this doesn’t have to be a strenuous exercise! Originally published on 8/16/21, Updated on 5/16/25.
By 2030, a significant number of workers will have retired, creating a serious gap between available talent and business needs. Tom Wujec: Build a Tower, Build a Team In his HR TED Talk, Tom Wujec of Autodesk explores a deceptively simple team-building exercise known as the “marshmallow problem.”
Implement comprehensive financial wellness programs that offer resources such as budgeting tools, retirement planning, and financial education workshops. Wellness programs promoting healthy habits—like exercise, nutrition, and mental health resources—can reduce absenteeism and increase productivity.
Retirement plans Basically, it is the retirement plans—401(k) or pension plans—through which an employee receives financial security during service years other than while serving. Employer matching may make this more tantalizing, pushing the envelope of long-term feelings of financial well-being further for employees.
Leaders seem to struggle to do the exercise properly, for example, trying to put most of their people in the top right hand box, including those 6 weeks away from retirement or who won’t relocate even though there are no promotions available where they are.
Plan for retirements, resignations, tech disruptions, and industry shifts. Monitor, Measure, and Adjust Workforce planning isnt a set-it-and-forget-it exercise. Which departments are underperforming due to lack of resources? Backed by data, your workforce plan shifts from guesswork to precision. Your plan should too.
Support Mental Health: Provide access to service programs and promote mindfulness, physical exercise, and time off. Use these insights to refresh, expand, or retire initiatives. Manager Lead by Example: Leaders should respect boundaries, avoid sending late-night emails, and set reminders for breaks and endpoints.
Global Wellness Institute) 46% of workers say they exercise more consistently thanks to employer incentives. PwC) 42% of employers now offer retirement planning workshops as part of wellness benefits. (Wellable Report) 70% of employees who participate in corporate fitness challenges say it positively influences their habits.
Through this exercise, you’ll be better able to prioritize interventions using data-driven decisions. Example : Take a look at engagement data alongside demographics such as age, tenure, and role and you might discover that certain groups—like employees nearing retirement age—are showing signs of disengagement. offered by the company?”
If you are eligible for retirement and apply for retirement before separation, you would not be entitled to severance pay.] If you choose to exercise this right to appeal, you may do so within [# number of days/weeks/months] of this notice of separation by [outline the company process for submitting an appeal].
Assist with career pathing An internal talent marketplaces is an important tool for career pathing , which is an exercise between managers and employees that maps how team members can optimally move through the organization to get from their current role to their ultimate ambition.
Hint: its time to think beyond bonuses and retirement plans. Theres nothing like breaking out of a zombie-themed escape room together to exercise those teamwork muscles. With those levers fixed, companies looking to truly boost employee engagement will need to get creative.
Lafley, retired chairman, president, and CEO of Procter & Gamble. Mastering such a broad skillset requires a training program that starts with basic learning opportunities and expands to more diverse development exercises. Do you know how to develop leadership competencies that work best for your organization? Classes and courses.
Promote healthy eating habits and exercise. Host fun activities like office games, team-building exercises, or a themed costume day. Share resources or guides on simple yoga exercises and stretches that can be done at the desk or home. Host a seminar or webinar on 401(k) plan benefits and retirement savings.
These drugs are approved only as adjunct therapies to diet and exercise. If your organization is not requiring diet education, such as the type Quizzify provides or exercise monitoring, such as what US Preventive Medicine or Advanta provide, you are encouraging a use case that the FDA has specifically not approved.
” The prediction-making game is perilous, but that didnt deter my company from our annual exercise of publishing our Priorities & Predictions report. Based on these factors, companies need to examine their retirement policies as well as total rewards offerings provided to older workers to prepare for this inevitable shift.
Board members are trustees of the organization’s assets and must exercise due diligence to ensure that the organization is well-managed and that its financial situation remains sound. Budget Development. The Association will create an annual budget based on the Association’s strategic priorities and ongoing operations.
Using money effectively is a muscle that we have to exercise. TVM is used in various financial decisions, including investments, loans, and retirement planning. By budgeting, you can ensure you save for emergencies and invest in long-term goals like retirement. Sticking to your budget is key.
By the time he retired in 2014, Ford had once again regained its former glory and standing within the industry. Also read: The Positive Effects of Compassionate Leadership Exercise Caution A crisis is not an excuse to throw caution to the wind, and risk it all (unless a worst-case scenario occurs and there is literally no other option).
Mindful Detachment Before major decisions, try this five-minute exercise: Close your eyes and observe your thoughts about the decision without judgment. Decision batching reduces the cognitive cost of context switching and allows your brain to leverage similar mental frameworks for related decisions. Notice any emotions or biases that arise.
The lack of severance or retirement packages contrasts sharply with competitors like IBM, which offered generous exit packages during its 2024 restructuring. More than a defining moment for Intel The Intel layoffs in 2025 are more than a cost-cutting exercise.
An estimated 50 percent of the oil and gas industry’s workforce is set to retire in the next five to seven years, a phenomenon known as the Great Crew Challenge. The workforce is always changing with people being promoted, transferred, reorganized, hired, retiring, leaving, going part-time, and taking leave.
With baby boomers heading into retirement — by 2050 an estimated 88.5 But there is another retirement population that is perhaps even more worrying to them: nurses. This means that more than one million RN’s will reach retirement age within the next 10-15 years, leading to a drastic shortage of skilled, tenured nurses.
It’s also possible that when you started, phased retirement wasn’t on your radar. Our wants and needs are a constantly moving target, so give this exercise the attention it deserves. Maybe when you started at your current job, flexible work wasn’t available. So it’s place on the list changes. Now it is so it matters.
It’s no secret that current and prospective employees want their employer to offer a retirement plan. Whether your company is looking for a new retirement plan provider or reviewing your current retirement benefits, the first thing you need to understand is one size does not fit all. Final thoughts.
This exercise will possibly surface some jobs that need immediate attention—meaning there is no replacement available. Replacement plans provide the organization with the comfort that a last-minute resignation, retirement, or employee illness will not leave the company disadvantaged. Replacement plans do one other thing.
Assessments and exercises can help laid off individuals to identify areas of interest and the skills and strengths that transcend industries and roles. Guidance on transitioning to retirement. Sometimes an employee takes their experience of being laid off as an opportunity to reflect and consider retirement.
More companies are offering sabbaticals; free plane tickets for vacations; meditation rooms; exercise or therapy breaks; paid time off to volunteer; and extended paid family leave.”. Retirement savings account. “It’s about employees shaping their jobs in ways that fit with their daily lives. But I’m not hiring,” you might say. “My
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