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

HR Daily Advisor

However, a new survey shows that gender plays an important part in how workers are saving for retirement and securing their financial freedom. Saving for retirement is a significant challenge for the vast majority of working Americans,” said Shane Bartling, senior consultant, Willis Towers Watson—in a press release.

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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. While employees are eager for their employers to provide support and technology that deliver valuable guidance and suggestions on retirement and financial decisions, employees are very wary of personalized outreach. What’s the nuance?

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Employee Financial Health: The Hidden Struggle

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In 2018, a study by BMO Financial Group revealed that 40% of Canadians were “dipping into their retirement funds far too often ” to pay for living expenses to make ends meet. . Retirement on hold: PwC research shows 54% of employees who are stressed about their finances plan to postpone retirement.

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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. DNY59 / E+ / Getty Images.

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Combatting the Hidden Stress of Financial Health

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Emotional impact : the 2017/2018 Global Benefits Attitudes Survey reports almost one-third of workers (30%) believe their financial concerns are negatively affecting their lives. Retirement on hold: PwC research shows 54% of employees who are stressed about their finances plan to postpone retirement.

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Employers Overestimate Impact of Wellness Programs and Incentives on Employees’ Health Behavior

HR Daily Advisor

According to the Willis Towers Watson 2017 Global Benefits Attitudes Survey, nearly two-thirds of employees (65%) surveyed say managing their health is a top priority. workers participated in the survey, which was conducted in July and August 2017. Only 32% of employees agree. About the Surveys. A total of 4,983 U.S.

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Financial Health Matters to Workplace Wellness

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Emotional impact : The 2017/2018 Global Benefits Attitudes Survey reports almost one-third of workers (30%) believe their financial concerns are negatively affecting their lives. Retirement on hold : PwC research shows 54% of employees who are stressed about their finances plan to postpone retirement.