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Only 25 percent of the 300 mid- to large-sized employers polled in a survey by global HR-services company Hewitt Associates said they viewed a high participation rate in their 401(k) plans as the prime measure of the plans’ success. The survey indicated that more employers are placing less importance on the number of employees enrolled […]
Employers that offer automatic enrollment for their 401(k) plans significantly increase employee participation, according to an annual study conducted by Hewitt Associates. The study, which examined the savings and investing habits of over 2.6 million employees, found that the overall participation rate of employees in companies offering automatic enrollment was 14 percent higher than the […]
According to a new survey by HR consulting firm Hewitt Associates, almost three-quarters (74 percent) of employers are planning to host a party for employees this holiday season. Twenty-seven percent of these employers plan to spend $5,000 or less on their parties, 30 percent will pay between $5,000 and $20,000, and 15 percent will spend […]
According to a new survey from human resource consulting firm Hewitt Associates, most companies don’t offer holiday bonuses. Out of 432 employers surveyed, 67% won’t offer any type of bonus for the holidays this year–this includes cash, food or other types of gifts. Since 1999, the percentage of employers not offering bonuses has hovered between […]
A recent survey of employers by the human resources consulting firm Hewitt Associates indicates that employees are increasingly interested in non-traditional and flexible benefits that they can pick and choose to suit their particular needs, including retirement and work/family concerns. And employers, to stay competitive in attracting the best talent, are planning to make more […]