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Why Are Companies Turning to Older Workers? Should You?

AvilarHR

Not so long ago, most people worked until the age of 62 or 65 before retiring to fill their days with family, travel and recreation. However, while no one was looking, the rules of retirement changed! Roughly 10,000 Baby Boomers retire each day. Why Hire or Retain the Most Seasoned Employees? When Are Older Workers a Good Fit?

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4 Reasons Employees Are Quitting Post-COVID-19

Best Money Moves

But the problem of compensation can be traced further back, before even the 2008 financial crisis. Many employees now look in toward the future, anxious about contingency costs, or inevitables like long-term care and retirement. . Job satisfaction was also already low, especially among low-wage earners.

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The Recognition Landscape Isn’t Changing Much

China Gorman

Of the top 5 recognition programs in 2013, the top 3 remained the same (length of service, above-and-beyond performance and peer-to-peer recognition) but programs that motivate specific behaviors moved to the 4 th spot for most used programs, with a 7% increase over 2011 to 41% (a statistically notable change since 2008).

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4 Reasons Employees Are Quitting Post-COVID-19

Best Money Moves

But the problem of compensation can be traced further back, before even the 2008 financial crisis. Many employees now look in toward the future, anxious about contingency costs, or inevitables like long-term care and retirement. . Job satisfaction was also already low, especially among low-wage earners.

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Federal Court Rules Against Naming Service Provider in Fiduciary Responsibility Case

HR Daily Advisor

Department of Labor (DOL) has shined on fiduciary duties for retirement plans has heightened awareness among plan sponsors and their third-party administrators (TPAs). IHI) violated Title IV of the Employee Retirement Income Security Act (ERISA) by failing to distribute plan assets in full after closing its pension in December 2008.

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The Art of Matchmaking Blog Series: Step 3

HR Management

With the generation gap between workers heading into retirement and those replacing them, employers who want to win the recruiting and retention game need to understand what millennials look for in a company. Mrs. Vargas is Certified High Performance Coach and SPHR (Senior Human Resources Professional) from the HR Certification Institute.

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Wealth Building For Millennials Looks Different Than Prior Generations

Thrive Global

When many millennials came of age during the unprecedented financial crisis of 2007-2008, it left an enduring impact on the financial habits they developed and the way that they view financial independence. Money doesn’t stretch as much compared to previous decades.