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Meanwhile, the average age of blue-collar workers has skewed older in recent years, so as Baby Boomers retire, there will be more roles than talent available to fill them, she said. Society values higher education, but fewer job openings require a bachelors degree.
Here, discover the key insights outlined in ExtensisHRs 2025 HR Trends Report and learn how brokers can leverage these emerging developments to strengthen client relationships. To foster success in 2025, clients should confirm their benefits packages remain relevant or adjust them accordingly.
In 2025, organizations are increasingly adopting headcount management software to streamline employee data management, optimize workforce planning, and forecast future needs. Employee benefits : Manages health insurance, retirement benefits, and other employee perks.
The Standing Committee of the National People's Congress, China’s legislative body, recently announced the retirement age will increase for the first time since the 1950s, the BBC reported. The country has one of the lowest retirement ages in the world, on par with India, Saudi Arabia, and Turkey. Where in the world? Starting in Jan.
Learn how to simplify complex healthcare decisions, provide clarity on available options, and enhance overall employee confidence in retirement planning. 🚀 Optimizing Benefits for Engagement - Enhancing employee confidence and satisfaction in retirement planning.
That reality necessitates that HR leaders, Herena says, stay keyed in to the issues impacting employees and leadership to continue to refine their focus in 2025 and beyond. However, the predictions of rising benefits and salary costs may make some organizations “particularly judicious in 2025 about their spending priorities.
The pharmacy chain is the latest organization to take advantage of a new federal provision that allows employers to contribute to workers’ retirement accounts based on payments they make toward their student debt. of their income to retirement over a three-year period, on average, compared with a 5.7%
Some 23 states—including California, New York, and Illinois—are currently set to raise their minimum wages in 2025. Increased compensation isn’t the only cost that employers should consider with wage hikes: There may be impacts on pay-based benefits, like health insurance premiums or retirement matches. 1 to $10.56, and then on Feb.
Get ready for 2025 — the Internal Revenue Service recently released the 2025 annual inflation adjustments for flexible spending arrangements (FSAs) and retirement plan contribution limits. Retirement Plan Contributions In 2025, individuals can annually contribute up to $23,500 to their 401(k) plans, up from $23,000 in 2024.
As the workforce ages, retirement is becoming a more complex and emotionally significant transition. For many employees, retiring marks not only a change in benefits and income but also a shift in identity, community, and purpose. 📆 June 11, 2025 at 11:00 am PDT, 2:00 pm EDT, 7:00 pm BST .
In 2025, people analytics has emerged as a transformative force, enabling HR professionals to gain deeper insights into employee behaviour, engagement, and performance. The Growing Importance of People Analytics in 2025 The use of people analytics has seen a significant surge in 2025.
Quick look: A new year is quickly approaching, and with it comes a new set of contribution limits for retirement accounts, health savings accounts, flexible savings accounts, and commuter benefits plans. Employers and their staff should review these new figures set by the IRS and adapt their 2025 benefits plans accordingly.
Traditional benefits like health insurance, retirement plans, and paid time off serve as hygiene factors or factors that help prevent employee dissatisfaction. Retirement Plans Retirement plans are paramount for the long-term financial security of employees. This change will go into effect January 2025.
One of my favorite activities every year is pulling together some of the insights of the previous year to highlight, and we’re already seeing 2025 movement right out of the gate with the Paychex acquisition of Paycor just announced. Looks like an exciting year ahead! 2) Employers look to providers for expertise, not just product.
Speaking at isolved Connect in October, Johnson demonstrated how people analytics can empower CHROs to align with CEOs’ critical priorities, enabling their companies to innovate in the complicated business environment to come in 2025. More with Dani Johnson: Skills development tech is going ‘next level.’
When it comes to 2025 employee benefits trends , many companies are seeking innovative solutions to meet the changing needs of their workforce. Many employees now prioritize flexibility in healthcare, retirement savings, and wellness programs.
Advertisement - For 2025, HR leaders will see modest increases across most contribution limits that should allow employees to save more money for retirement—via 401(k)s—and medical costs—using HSA and FSA accounts. What are the 2025 401(k) limit changes? to $23,500 in 2025, according to the IRS. increase in 2024.
Balancing business budgets and employee finances In 2025, economic conditions are prompting C-suite executives to take “magnifying glasses” to the ROI of benefits packages, according to Lee. The post Money matters: Is financial wellness tech the hottest employee perk of 2025? appeared first on HR Executive.
As we step into 2025, the corporate landscape is undergoing seismic shifts, driven by technological advancements, shifting employee expectations, and an increasingly globalized workforce. So, what does the future hold for employee benefits in 2025? In 2025, personalization is paramount.
In reflecting on all the ways generative AI, ChatGPT, and machine learning have impacted their lives and workplaces, some HR pros are still hoping the learning curve, employee aversion, and societal fears abate in 2025, so more employees understand the benefits of the technology. Increase exposure to AI tools.
Healthcare Talent Trends 2025: Shifting from Crisis to Commitment The healthcare workforce is at a critical juncture. By 2025, hospitals and long-term care facilities will face even greater pressure to attract and retain skilled nurses and doctors amidst growing talent shortages. Nursing Shortages: United States : The U.S.
Quick look: It’s National Retirement Security Month, making it the perfect time for brokers to equip clients with the tools and resources needed to help their employees plan for a secure financial future. Retirement is a hot topic for all staff. workers is reaching retirement age. workers is reaching retirement age.
Nayya , a platform for personalized health and wealth guidance, has leveraged Workday’s platform to build apps for personalized benefits selection, support, claims management and retirement/leave planning. The apps will be available on the Workday Marketplace.
As noted by Gartner’s 5 HR Trends for 2025 , more than 75% of HR leaders consider that managers are overwhelmed; 70% report their present leadership programs are not getting them ready for the future. In 2025, businesses face compliance challenges, especially concerning data privacy, labor laws, and remote work policies.
2025 is a pivotal year for reassessing how employee wellness impacts organizational success. Heres how the right wellness benefits can transform employee wellbeing and why 2025 may be the perfect time to put these tools into action. 2025 is the year to implement financial wellness benefits For employers, 2025 marks the window to act.
By 2025, they will represent a staggering 27% of the labor force, wielding immense economic power and wielding their voices as catalysts for change. As Baby Boomers and Gen Xers get closer to the ends of their careers, we’ll see a bigger emphasis from employees and employers on financial wellness and retirement preparedness.
Millions of Americans are eagerly waiting for their Social Security payments for April 2025. Social Security payment dates for April 2025 The SSA payment schedule is based on your date of birth or when you first began receiving benefits. These Social Security payment dates for April 2025 will ensure a staggered rollout.
If youre covered by an HSA-eligible health plan (or high-deductible health plan ), the IRS allows you to put as much as $4,300 per year (in 2025) into your health savings account (HSA). If youre contributing to an HSA, and on a family HDHP, the maximum amount that you can contribute is $8,550 per year (in 2025). What is an HSA?
Consumers went into 2025 feeling optimistic about finances. Employers can drive higher engagement among millennials and Gen Z workers by demonstrating the ability to pay for out-of-pocket healthcare needs and positioning HSAs as long-term investment tools that contribute to financial independence and early retirement.
How much can employees contribute to their retirement plans? Whether investing in a 401(k), IRA, or another retirement plan, you and your team should understand the rules and limits for 2025. Use our quick-reference chart to learn 401(k) contribution limits 2025, IRA contribution limits, and more.
Employees look for solutions to their unique problems from building retirement savings to handling unexpected medical expenses. Compared to years prior, employees are more interested in retirement benefits and paid leave opportunities. Here are the most important benefits your company needs in 2025.
The year 2025 brings a slew of updates that will impact retirees, workers and beneficiaries across the nation. From adjustments to benefit amount to new legislative reforms, these Social Security changes for 2025 bring both challenges and opportunities. How will Social Security change in 2025? in 2024 and 8.7%
Several factors will cause this , including: Most of the baby boom generation will be retired by then, leaving plenty of jobs unfilled Birth rates are drastically declining in many (Western) countries The Great Resignation (see below) caused a reshuffle in the job market and impacted certain sectors more than others.
Back to Blogs The future of employment benefit programs: Whats trending in 2025? Below are 10 considerations to help bolster your 2025 employee benefits program offerings: 1. Therefore, it is no surprise that flexibility continues to be one of the top employee benefit trends for organizations to consider in 2025.
All that changed on January 5, 2025 when the current administration signed the Social Security Fairness Act (SSFA) into law. In addition, Social Security Fairness Acts benefits increase set for April 2025 will kick in soon. The result? For retirees, its a win worth celebrating. For HR professionals, its a headache worth tackling.
For HR professionals, understanding the Social Security payment schedule for 2025, particularly the March 2025 Social Security checks , is not just a matter of curiosity but a vital component of supporting employees and retirees alike. Curious about Social Security March 2025 payments? For most beneficiaries.
Employers should also provide details on benefits such as health insurance, retirement plans, and paid time off. Change to: Starting salary: $80,000 – $95,000 per year, plus performance-based bonuses and comprehensive benefits.
For deeper insights backed by industry leaders, be sure to download the ExtensisHR 2025 HR Trends Report here. While much emphasis has been on building retirement savings, there is now a focus on decumulationhelping retirees manage their savings as they withdraw funds in retirement.
In 2025, businesses can no longer get away with ignoring technology at work. What to Look for While Making HRIS Comparisons in 2025? Administration of benefits : Can I use this HRIS software to manage and oversee employee benefits such as health insurance, retirement funds, etc.?
Key takeaways: Employees in 2025 seek financial wellness benefits like Earned Wage Access and savings programs. Research data and market trends point to a change in the mindset of the American workforce in 2025. Research data and market trends point to a change in the mindset of the American workforce in 2025.
Will the global economy enter a recession in 2025, or are we out of the woods? Nearly two-thirds of Americans do not think their personal financial situations will improve in 2025. The post The Importance of Teaching Financial Wellness in 2025 appeared first on Flimp. Is the economy good or bad? Its great for your organization.
Tax season is officially upon us, and with tax deadlines for 2025 looming on April 15, 2025the IRS tax deadline is going nowhereHR professionals have a golden opportunity to step up something useful. Image: Freepik) Why Tax Day Matters for HR in 2025 When is Tax Day 2025? Dont wait for the chaos. Ready to prep?
This reflects a major shift in how retirement income is calculated for those once penalized by arcane laws. This Social Security Fairness Act update offers a golden opportunity to step in and guide employees through retirement planning. For some, the windfall means retiring earlier. As of today, over 1.1
Microsoft’s decision to retire these key Viva components affects thousands of organizations that have embedded these tools into their daily workflows. Viva Topics : A tool for organizing and sharing knowledge, retiring on February 22, 2025. What is the Impact of Viva Goals Retirement? Whats Going Away and When?
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