5 Retirement Challenges for Older Employees

Best Money Moves

5 retirement challenges for older employees. New research highlights housing inequality on top of other barriers to retirement readiness. A recent survey by Transamerica found nearly 70 percent of Baby Boomers expect to work past age 65 or don’t plan to retire at all.

Employee Well-being Needs to Include Retirement Plans

HR Bartender

He’s responsible for leading the retirement, investment counseling, and risk management teams in the U.S. I know one of your areas of expertise is in the area of retirement planning. How do you see the retirement conversation having an impact on strategic HR?

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Retirement Concerns: Is Financial Literacy the Solution?

Best Money Moves

Retirement concerns: is financial literacy the solution? Those workers that do have a 401k aren’t saving enough to cover expenses in retirement, even when employers match contributions. Americans Are Not Saving Enough for Retirement.

Offering Retirement Benefits to Employees: Pros and Cons

HR Digest

Retirement plans for a person are valuable benefits that impact both the present as well as future lives of the employees. However, offering retirement benefits to an employee can be a complicated process. Why should an organization provide retirement benefits?

5 Culture Trends for 2019

impact an employee’s productivity and physical. culture strategies and deploy products that use. automation, it’s about driving productivity and. Messaging and productivity apps. 5 Culture Trends for 2019 1 The workplace is constantly evolving. As we.

Why This Retirement Expert Never Talks About A ‘Retirement Crisis’


John Scott is director of the Retirement Savings Project at the Pew Charitable Trusts. He leads a team producing trusted data and clear analysis of the barriers to retirement savings in America and the policies aimed at eliminating those barriers.

Motivating employees close to retirement


Earlier this month, motivating employees close to retirement surfaced as one of the most popular topics in the Everwise user community of Learning & Development (L&D) professionals and learners. That’s not surprising–employees approaching the traditional age of retirement of 65 are one of the fastest growing segments of the workforce. Just because Baby Boomers are nearing retirement doesn’t mean that they will stop contributing to the workplace in a meaningful way.

Build more engaging career experiences from pre-hire to retirement


When these needs are not sufficiently met, motivation and productivity decline and employees seek career opportunities elsewhere. Much has been written in recent years about the need to improve Employee Experiences (EX).

Product Launch: Integrate Your 401(k) Provider with Retirement Report


If your company wants to offer the 401(k) provider of your choice, Justworks added some product changes to make it even easier. Now, our new retirement report in the app allows you to download your payroll information from Justworks — including hours, gross pay, and contributions for each employee —. For Justworks members, it’s simple to offer a 401(k) to employees.

Retirement Annuity Accounts

HR Times

A defined contribution benefit plan option to help stabilize retirement and reduce risk. Will I be able to retire? Retirement Annuity Accounts. A complement to current retirement plans.

Retirement Research Will Blow Your Mind

Best Money Moves

In the Best Money Moves Roundup, we run down the latest news on retirement, student loan debt assistance, and retention. Will your employees be ready for retirement? More than 60% of Americans are not on track with retirement savings.

Retirement Success Starts with Financial Well-Being

HR Daily Advisor

Michael Jordan wasn’t talking here about retirement, and in fact, we don’t know that he ever has. In today’s world, each individual must take charge of his or her own retirement. Are you doing all you can to help your team members win the retirement game?

What Are the Retirement Challenges for Older Employees?


When the pandemic hit, it caused the stock market to crash, which in turn caused many folks’ retirement accounts to take a real nose dive. Further, a Bank Rate survey found that more than half of older adults nearing retirement lose money over their current financial status.

Stay Productive, Stay Competitive

Vantage Circle

We need to hire and retain the best workers and we need to support them in being as productive as possible. For a variety of reasons, including employee preference and employers documenting productivity improvement, remote workforces, in some form, are here to stay.

Are Your Older Employees Thinking Differently About Retirement?

HR Daily Advisor

Employers invest a tremendous amount of time and cost in employee benefit offerings which are designed to help their employees save and financially prepare for retirement. Ironically, few employers are focused on the actual process of retirement and its workforce-related implications.

Retirement: Appreciating Employees Until They’re Ready to Move on


As he neared retirement age—just months before he died of cancer but before he knew he was ill—that company decided he […]. The post Retirement: Appreciating Employees Until They’re Ready to Move on appeared first on BambooHR Blog. General HR HR productivity professional development 401K aging employees benefits human resources medical coverage pension retirement retirement plan My dad worked as an insurance agent for the same company his entire life.

What Are We Retiring From?

Thrive Global

I’m noticing right now that a lot of my ministerial colleagues are retiring. The classic picture of retirement that gets pitched to people by insurance companies, housing developers etc. The Journey Continues. Several of them have left serving churches after forty years of service.

Want To Improve Employee Productivity? Help Them Prepare For Retirement


Is financial stress damaging your company's productivity? Three in ten employees feel mentally or emotionally stressed over preparing for retirement

Motivating Employees close to retirement

Thrive Global

Earlier this month, motivating employees close to retirement surfaced as one of the most popular topics in the Everwise user community of Learning & Development (L&D) professionals and learners.

Prepare for Nurse Retirements and Shortage with Intelligent Workforce Planning


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. Navigating Nurse Retirement with the New Workforce Planning.

Health savings accounts: Not your parents’ retirement plan

HR Morning

With the rise in health savings account (HSA) enrollment among younger employees and the decline in company matching rates of 401(k)s, HSAs have emerged as a retirement account option for new employees. A comparison of retirement savings options.

Highest Employer-Sponsored Retirement Participant Deferral Rate Reached in 2017

HR Daily Advisor

Automated features now standard for most employer-sponsored retirement plans helped bring about a record 8.3-percent average participant deferral rate in 2017—the highest level in a decade, according to a recent T. Benefits 2017 employee retirement Rowe Price

Asking an Older Employee If He Plans on Retiring Soon


Can we address his physical symptoms and/or ask him if he’s likely to retire soon? Recent studies have shown that employees are retiring later in life for a number of reasons, primarily due to financial considerations. Focus on job performance with older employees.

Five Important Steps for Retirement


Some of these recommendations include the usual about financial-wellness education, monitoring participants’ progress against their retirement goals, reviewing plan fees and checking up on providers to make sure they’re staying compliant.

Retirement Planning: The Gender Gap Persists


A quick search of our website, using the terms “women” and “retirement,” brings back an article from August 2008 that describes retirement planning as “a nightmare for many women.”. In examining the retirement saving and investing behaviors of roughly 3.5

Finally: Feds release the new fiduciary rule for retirement plans

HR Morning

In a nutshell, the bill aims to grant retirement plan participants greater protections by requiring brokers and advisers to act in their clients’ best interest when doling out investment advice. Preserve access to retirement education.

6 Steps to Take Before Key Employees Retire

ATD Human Capital

An increasing number of workers are approaching retirement age in the United States. One organization that is facing this threat of impending retirements is KONE, a major Finnish company (with a large U.S.

Why You Should Handle Your Talent Management Budget Like a Retirement Fund

Cornerstone On Demand

Part of that picture is thinking about our retirement plans. There's nothing as ubiquitous as planning for retirement. Whether you're just starting in the corporate world or have a very short horizon to exit it, retirement is one of those goals that we all have embedded in our minds. The specifics of your retirement plan will change as you get older and your appetite for risks will change, but you'll still be thinking about retirement.

Why You Should Manage a Talent Management Budget Like a Retirement Account

Cornerstone On Demand

Part of that picture is thinking about our retirement plans. There's nothing as ubiquitous as planning for retirement. Whether you're just starting in the corporate world or have a very short horizon to exit it, retirement is one of those goals that we all have embedded in our minds. The specifics of your retirement plan will change as you get older and your appetite for risks will change, but you'll still be thinking about retirement.

Are Your Employees’ Student Loans Hurting Their Ability to Save for Retirement?

HR Daily Advisor

While student loans can be a drain on short-term finances, a new survey from Aon Hewitt , the global talent, retirement, and health solutions business of Aon plc, reveals that workers with student loans can also potentially feel the strain into their retirement years.

Employers Are Offering Financial Wellness Help to Employees Unsure About Retirement

Winston Benefits

More employers than ever are realizing the effect that financial stress has on employees, and how it affects their productivity. To alleviate this, many are offering financial wellness programs to educate employees about budgeting, retirement planning, estate planning and even college savings.

Employees Want Better Benefits, Study Shows They're Willing to Leave Current Job for Better Retirement Options


One of the top reasons small business employees leave jobs is to get access to better benefits and retirement options, according to a new study by Zenefits. Check out retirement plans that specifically cater to smaller firms.

The Hidden Costs Behind Retirement Plans


When it comes to retirement plans, the number one reason companies change their investment manager or recordkeeper is high fees. While we recommend seeking out expert advice or identifying a provider that can offer transparent cost comparisons, it’s also important to understand the services that make up the majority of hidden retirement plan fees. Custodian: The Custodian is the institution that holds the retirement assets.

Be More Productive, Budget Smarter, Make More Money, and Retire Early

Thrive Global

He has advice on lowering your tax bill, alongside advice on how to be more productive, from people who are dedicated to those topics specifically, and you know how I feel about bringing in experts. Retire early ?

Address New Hire Training Early to Speed Full Productivity

TLNT: The Business of HR

Retiring boomers, nomadic millennials and the rise of the gig worker mean there’s about to be a lot of new faces at work. Companies need to find new ways to get them up to speed — quickly. Onboarding Training, Learning & Development Featured

Retiring employees: 8 tips for a smooth transition


Many organizations are facing a worrisome situation – retirement looms for a large percentage of their workforce and younger workers aren’t yet ready to fill those shoes. What strategies can you implement to proactively preserve the wealth of institutional knowledge that drives your company’s productivity? Here are eight tips to help soon-to-be-retiring employees make a smooth exit. Consider alternatives to full retirement.

Boomer Exodus—the Benefits of Partial and Trial Retirement

HR Daily Advisor

workforce continues to see an entire generation reaching retirement age, the issues surrounding transition into retirement become more and more prominent. Let’s take a look at some retirement transition options and what both the employer and employee can gain from them. Retirement Transition Options. For employers, assisting with retirement transition can mean many things. Employer Benefits to Offering Partial or Trial Retirement.

Revealing Research on Financial Stress and Productivity

Best Money Moves

Revealing research from Fidelity Investments highlights the toll financial stress takes on productivity through increased absenteeism. Past-due medical bills were the leading indicator of workplace absenteeism, followed by payday loans, personal loans, retirement plans, and mortgages.

Financial Stress and Employee Performance: Retirement Savings to Boost Productivity


Financial stress and employee performance are inextricably linked

401(k) Calculator: Project Your Retirement Savings in Seconds

G2 Crowd

ProductivityPlanning for the future is daunting, especially when the end goal feels out of sight.