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Employee Benefits: Traditional & Creative Trends

Affinity HR Group

Traditional benefits like health insurance, retirement plans, and paid time off serve as hygiene factors or factors that help prevent employee dissatisfaction. The US Department of Labor notes that the percentage of private industry workers with access to flexible healthcare spending accounts increased from 36% in 2012 to 43% in 2021.

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Employee Benefits: Then and Now [infographic] – Friday Distraction

HR Bartender

Benefits such as health care, retirement planning and employee assistance programs are offered to employees at the same level as in 1996.” ” The good news is that employers are listening to demands for better work/life balance with increased telecommuting, flextime and other accommodations.

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The Surprising Reasons Different Generations Are Stressed About Money

Best Money Moves

Younger generations tend to worry about affording monthly expenses, whereas Baby Boomers tend to worry about if — and when — they can afford to retire. Generation Z & Millennials often worry about paying off their student loan debt Generation Z , born from 1996 to 2012, is the youngest generation in today’s workforce.

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Here Are 3 Ways to Foster a Learning Mindset At Your Company

Cornerstone On Demand

According to data from Pew Research Center, between 1997 and 2012, the number of technology-specific jobs rose from over 2 million to close to 4 million. Several hundred thousand jobs became available — new jobs that required new skills, like computer programmer and computer engineer.

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5 Culture Trends for 2019

As we approach 2019, major shifts in the work environment will continue to affect the ways companies do business. Companies that are looking to attract, engage, and retain top talent should leverage these trends to create workplaces where employees thrive.

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Mandated Employer Retirement Plans: What They Mean for Small Businesses in California and Beyond

Trinet

In 2012, California passed a law requiring companies with five or more employees to offer retirement plans. The California Secure Choice Retirement Savings Trust Act is expected to be implemented by. Visit site for full story.

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Financial Literacy Month: 4 Urgent Facts You Need to See

Best Money Moves

One in four workers has delayed saving for retirement due to inflation A lack of financial literacy may result in misinformed decisions that can have lasting effects on your workforce. According to research from TIAA, 25% of employees in a study decreased the amount they saved for retirement due to inflation.