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At the very end of 2022, Congress passed the Securing a Strong Retirement Act of 2022 (Secure 2.0) as part of the omnibus spending bill. The provisions have a broad effect on a range of retirement and other benefit issues with the basic overall goal of increasing access and encouraging employee participation in retirement savings. […]
Employee stock purchase plans (ESPPs) are company-sponsored programs that allow employees to purchase company stock at discounted rates. Typically, employees agree to have a certain percentage of their paychecks withheld each pay period and placed into a fund that is used to purchase company stock at a price discounted from the current market price on […]
While in undergraduate school, Niki Hruskocy thought she wanted a career in hotel management. However, after a few internships at hotels she realized one crucial thing: they never close. After four years of college and several internships, Hruskocy wasn’t sure what she’d do next. It wasn’t until she took a recruitment job with a small […]
Different employees prioritize different aspects of their financial well-being based upon their personal situations and financial needs. According to recent research, 38% of workers share the top financial goal of saving for retirement while 27% share a top goal of building an emergency savings fund. Additionally, unlike older generations, Gen Z and millennial employees are […]
“Permacrisis,” Collins Dictionary’s 2022 word of the year, is defined as “an extended period of instability and insecurity” and captures what many business leaders are feeling given the still-high inflation rate, rising interest rates to combat inflation, and forecasts of a recession in 2023. And it definitely describes the current state of recruitment. So how […]
So much of our lives today are consumed by our jobs. Even when we leave the office, we can still carry the stress of our workday home with us. And over time, this anxiety and stress can start severely impacting our mental and physical well-being, both in our personal lives and at the office. This […]
With the tight labor market impacting the country for the past couple of years, it’s not uncommon to see signs advertising job openings along with the starting pay and even sign-on bonuses. Despite the increased prevalence of such job ads, the reality is that there has traditionally been very little pay transparency, at least in […]
Sharell Thomas-Hodge is an accomplished HR leader with more than 20 years of experience. She got her start in retail, serving as a HR manager for Target. At the time, she was responsible for the management of all HR functions at her location and, according to Thomas-Hodge, was “instrumental in the successful opening of a […]
According to new data from Conduent, 43% of eligible employees don’t participate in a health savings account (HSA). Fifty-seven percent of those who make an HSA contribution don’t capture the full benefit, with an average contribution of less than $500, well below the annual limit of $3,650 for individuals and $7,300 for families. The underutilization of HSAs […]
The combined forces of a tight labor market and high inflation have really pinched a great deal of American businesses trying to recruit and retain top-tier talent. Of course, companies can’t simply keep throwing money at the problem and trying to outbid the competition. It’s simply unaffordable. Instead, evidence suggests that employers need to reshape […]