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Employers’ Cost to Provide Employee Benefits Has Risen 24% Since 2001, New Analysis Finds

HR Daily Advisor

employers’ cost to provide employee benefits, measured as a percentage of pay, increased 24% between 2001 and 2015, fueled largely by a doubling in healthcare benefit costs, according to a new analysis by Willis Towers Watson, a leading global advisory, broking, and solutions company. of pay in 2001 to 18.3%

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Study: Employers’ Cost to Provide Employee Benefits Has Risen 24% Since 2001

HR Daily Advisor

employers’ cost to provide employee benefits, measured as a percentage of pay, increased 24% between 2001 and 2015, fueled largely by a doubling in healthcare benefit costs, according to a new analysis by Willis Towers Watson (WTW). of pay in 2001 to 18.3% kutubQ / iStock / Getty Images Plus. of pay in 2015, a jump of 24%.

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Special Report from CareerBuilder—Changes in Workforce Composition, 2001–2014

HR Daily Advisor

Major demographic shifts in the United States since 2001 have led to a workforce that looks quite different today, according to a new report from CareerBuilder. Some of the key findings have been highlighted below. In 2014, 49% of jobs were held by women, compared to 48% in 2001. HR budget cuts? That amounts to 4.9

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Forget the Catchy Headlines – It Is Time for HR Leaders to Get Serious About Workforce Planning

CCI Consulting

a 28% quit rate in 2001 and 2010, following the 2000-2001 and 2008-2009 recessions). A significant contributing factor in 2021 is the increase in retirements with 1.5M more retirements than normal.  This article was written in 1994 by HR Magazine. Why does this matter and why should HR leaders be concerned?

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The Latest BLS Data Means that Talent Remains a Critical Imperative (i4cp login required)

i4cp

There are many factors for this, including demographics (an aging workforce), low rates of workforce participation (variously caused by early retirements, increased disability leave, long periods of stimulus payments, etc.), As shown below, that quit rate remains far above any month from 2001-2021. election) in the short term.

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Retirement: The Unique Status of California’s Largest Employer

HR Daily Advisor

Alanis” and “Connor,” who were both employed as peace officers by the University of California (UC), were injured on the job before they reached the age of retirement under the University of California Retirement Plan (UCRP). Alanis was an officer at UC Berkeley from 2001 through 2013. University Reverses Course.

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‘Saver’s Credit’ Access Could Help Plans Comply with Nondiscrimination Requirements

HR Daily Advisor

A retirement research institute suggested several ways to improve the Saver’s Credit for lower-income individuals in a recent paper , steps that also could help employer plan sponsors ensure that their plans remain in compliance with nondiscrimination requirements. Why It Was Created.