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Filling a Skills Gap in Manufacturing

ExactHire

This explains why from 2002-2008 production increased while employment levels decreased. million manufacturing jobs by 2025 (due to baby-boomer retirements and economic growth), the study predicts there will be 2 million jobs that will go unfilled. However, production and employment do not necessarily rise and fall together.

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DOL Final Rule Allows Online Disclosure of 401(k) Plans

Zenefits

As a 401(k) plan sponsor, you’re required to give participants and beneficiaries specific information about the plan each year. Electronic methods are the quickest ways to deliver the documents related to this information. To send disclosures electronically, employers used to have to rely on a DOL safe harbor established in 2002.

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Jeffrey Bush of ‘Informed Family Financial Services’: “It is difficult to say which markets will recover first”

Thrive Global

Bush is President of Informed Family Financial Services, a financial advisory firm dedicated to building long-term client relationships and directing them to their retirement financial goals. For more information, please visit www.informedfamily.com. I have been an advisor through major market declines: 2000–2002; 2008–09; 2020.

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8 of the Most Common Investing Mistakes

Thrive Global

When it comes to retirement investing, serious missteps can cost you. Reviewing these common mistakes below will likely help guide you toward a more financially secure retirement. Let’s say I run one of these scenarios, and the numbers show the client will have $2 million at retirement. Net Worth Cheat Sheet.

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Employee Relationships is a Serious Employer Responsibility

HR Digest

The focus on employee welfare started post-World War II when retirement and pension plans appeared as the biggest forms of employer care. They imply the presence of a psychological contract or an informal, unwritten commitment in the employer-employee relationship, a concept that was earlier defined by Schein (1988).

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Don’t Let Your Data or Participants Get Lost in Space

HR Daily Advisor

Today’s equivalent of Dr. Smith is an unauthorized computer hacker who breaks into data security systems and wreaks havoc on confidential information. Employee benefit plan data includes sensitive information such as Social Security numbers, dates of birth, and addresses. They should consider extending that process to retirement plans.

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John G. McCarthy, III: “Hire a great team.”

Thrive Global

He had paid off several mortgages on two properties and all of his savings went to the school retirement plan. Access to all of this information will allow clients to see a more accurate analysis that will help them make better decisions and plan for retirement and other life events. I think anybody benefits from an advisor.