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Addressing demographic changes: An aging workforce poses a number of different problems, including a lack of in-demand skills, reskilling challenges, and mass retirement. Strategic workforce planning can help to anticipate this future challenge so that organizations can prepare today and avoid a skills gap.
It’s no secret that the recession of 2007/08 resulted in an array of new regulations, especially in the financial services arena. Tip #2: Plan for the Future. One focus of government regulators specific to the banking industry is successionplanning. Tip #3: Define and Assess Retirement Preparedness. Smith says.
A Distinguished Fellow in the NAHR, Conaty retired as senior vice president of HR at General Electric in 2007, but still remains quite active in the field and advises business leaders on a wide range of HR issues through his firm Conaty Consulting LLC. As far as I know, there’s nothing comparable in the field today.
An HSA allows for employees and/or their employees to contribute funds, free from federal taxes , to an HSA to help fund medical expenses and/or to help save up for use during retirement. percent from 2007 through 2017, while over the same period, HDHPs that lacked HSAs rose from 10.6 SuccessionPlanning. percent to 18.9
Benefits Administration : Manages employee benefits, such as health insurance, retirementplans, and other perks. Workforce Planning: Workforce Analytics : Helps collect data about the workforce, analyze them, and transform those into insights on workforce trends that help with strategic decision-making.
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