Remove 2017 Remove Global Benefits Remove HR Planning
article thumbnail

16% of Fortune 500 Companies Offer DB Plans to New Hires; Dramatic Decline Over 20 Years

HR Daily Advisor

Fortune 500 company in 1998, there was about a 59% chance he or she would be offered a traditional or hybrid defined benefit (DB) pension. As of 2017, that likelihood dropped to 16% in the same group of employers, according to a new Willis Towers Watson (WTW) retrospective report on large DB plans. Key Findings.

article thumbnail

Employee Financial Health: The Hidden Struggle

Rise

As a human resources manager, you understand the importance of financial wellness in the workplace and how educating employees on financial literacy helps them gain financial health plus reduce stress associated with money concerns. Can you create a plan that mirrors and supports your talent pool?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Financial Wellness: 59% of Employees Say Stress of Finances Negatively Impacts Work Performance

HR Daily Advisor

The 2017 Global Benefits Attitudes Survey found that barely one-third of U.S. Among other findings from the Global Benefits Attitudes Survey : Only 31% of employees do budgeting on a regular basis; however, the 24% who don’t budget, but instead actively monitor, have even higher financial confidence.

article thumbnail

Gender Plays Vital Role in How Workers Are Saving for Retirement, Finds Willis Towers Watson

HR Daily Advisor

Given these developments, we believe employers will want to evaluate their retirement plans and financial well-being initiatives. Among other findings from the Global Benefits Attitudes Survey : Three in four workers (74%) believe their generation is likely to be much worse off in retirement than their parents’ generation.

article thumbnail

15 Employee Engagement Books to Read in 2023

Empuls

Designing & Aligning Employee Benefits Globally by Cedric Ng Mong Shen Year: 2020 Supposing you already know that employee benefits are pivotal for building a happy and engaged workforce. Now you need to develop an employee benefits plan that caters to the needs of every worker on your team. ” Rating: 4.8

article thumbnail

Combatting the Hidden Stress of Financial Health

Rise

This snapshot of key points illustrates the ramifications of the poor financial health of today’s workforce: Slim emergency savings: a recent survey found 23% of respondents identified themselves as struggling financially, with 78% of this group living paycheque-to-paycheque. Can you create a plan that mirrors and supports your talent pool?

article thumbnail

Do Your Wellness Initiatives Make the Cut? 61% of Employees Say No

HR Daily Advisor

While more than half (56%) of employers believe their current health and well-being programs encourage employees to live a healthier lifestyle, according to the Willis Towers Watson 2017 Global Benefits Attitudes Survey , just 32% of employees agree. 61% of Employees Say No appeared first on HR Daily Advisor.