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How Employee Attrition Affects the Workplace

Intoo USA

Retirement Retirement attrition occurs when employees exit the workforce upon reaching the eligible retirement age or choosing to retire early. Employee attrition refers to the process of employees leaving an organization, encompassing various reasons such as retirement, resignation, or termination.

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Beyond a 401k: Retirement Planning Services for Employees

Effortless HR

Here are some ways you can help your employees with their retirement planning services that go beyond offering a 401(k). Your Company Should Have a Dedicated Retirement Services Department. A retirement services department can help your workers plan a future that makes the most sense for them.

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DoorDash pilots benefits savings program for Pennsylvania workers

HR Brew

The money that goes into this account can then be used for health insurance, retirement savings, or paid time-off, for example. This is the first benefit the company will offer geared specifically toward retirement, Eli Scheinholtz, senior manager of public affairs communications, said via email.

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Summer, a workplace student loan solution, closes a $9 million funding round

HR Brew

The fundraising round comes on the heels of news that Summer will partner with ADP to offer student loan retirement matching to the human capital management firm’s 401(k) clients. Summer charges a “per employee, per month fee,” with prices tiered based on employer size.

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Report: HR Trends 2024 – Navigating the Future of Work

Extensis

Many seasoned leaders are retiring, and their successors may benefit from training to help them become even more impactful in their new roles. Change comes in many shapes, whether it’s restructured leadership roles, mergers or acquisitions, new technology rollouts, updated business models, or refreshed service offerings.

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

HRExecutive

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 do urge all companies using any kind of outsourcing service to be involved rather than hands-off partners.

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

Extensis

According to the data, HR service vendor use increased in nearly every category: Payroll services jumped 15% year-over-year (from 53% of respondents using the services in 2021 to 61% this year). Staffing services experienced an approximate 11% increase (from 37% to 41%). citizens were retired (up from 16% a decade ago).