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Justworks
Retirement Related Topics
How PEOs Can Save Your Company Money
Justworks
JULY 23, 2015
Because of the nature of the business, a PEO can get a better rate for benefits like workers’ compensation, medical benefits, retirement plans, etc. Small business using a PEO can save money in many different ways, in large part because PEOs give you the chance to offer more benefits to your employees at a reduced rate. And through this, the PEO is able to save your business money. But what is a PEO? And how does it actually work? What gives it the ability to actually save a small business money on benefits that much larger corporations are able to offer? Benefits
Job Candidates: Don't Just Negotiate Salary
Justworks
OCTOBER 26, 2015
Healthcare costs, retirement savings plans, company matches, bonuses, and equity are all benefits impact your offer. When negotiating a job offer, salary is one of the most sought after benefits. And the Internet is chock full of articles with salary negotiation tips. But sometimes, businesses don't have the funds to offer a top-tier competitive salary. It’s the total package that counts.
What Is A 401(k)? And Why Should My Company Offer One?
Justworks
OCTOBER 23, 2015
When you envision retirement, are you traveling the world or hanging out with your grandchildren? Here’s a scary thought: What if you don’t have enough to cover your essential living expenses for more than a few years when it’s time to retire? It turns out that having to work a nine-to-five gig just to make ends meet during retirement is a real possibility for a lot of Americans.
7 Ways Your Employees Benefit From A 401(k)
Justworks
JANUARY 15, 2016
The sooner employees start saving, the stronger their retirement will be down the line. It’s easy for small employers to worry they do not have the stability or resources to set up and maintain a retirement plan. Your employees are at risk if they aren’t planning for their future. Saving money is not easy, but it’s essential to achieving financial well being. 401(k
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Mandatory Retirement Plans in Illinois
Ogletree Deakins
JANUARY 5, 2015
Is Illinois the precursor to mandatory retirement savings programs across the country the way that Massachusetts was for mandatory health care? Illinois has become the first state to require that private-sector employers offer their employees retirement benefits. 2758) , signed into law by Illinois Governor Pat Quinn on January 4, 2015, requires employers to offer their employees a state-run automatic enrollment payroll deduction Individual Retirement Account (IRA) program (a Roth IRA) known as the “Illinois Secure Choice Savings Program Fund.” Karen N. Aimee E.
401k Retirement Infographic
Something Different
AUGUST 7, 2015
Check out this great retirement infographic from Personal Capital outlining a myriad of facts about 401k plans. From the amount of money most people are saving, to the amount most people need, this infographic has it all. Check out out, and if you like what you see then follow Personal Capital on Twitter here. Happy Friday, Rory. Benefits 401-k benefits hr human resources
Help Millennials Make Retirement Saving a Priority
Paychex
OCTOBER 22, 2016
Millennials, especially those who have just begun their first full-time job, may not be thinking about stashing savings away for their retirement. But it doesn’t have to be difficult. Is there anything an employer can do to encourage saving in an environment of low entry-level wages, and high college debt
Small Business Retirement Marketplace: Innovative Solution to Retirement Woes
Paychex
AUGUST 20, 2015
The Washington Small Business Retirement Marketplace is offering a retirement solution for employers and employees
What Employers Need to Know About the US DOL Final Rule & State Retirement Programs
Ceridian
OCTOBER 24, 2016
Let’s be honest: regardless of age, we all sometimes dream about retirement. Unfortunately, for a lot of Americans who aren’t eligible for retirement savings plans through their employer, those dreams are difficult to make a reality. Although the DOL final rule takes effect October 31, 2016, no state retirement programs are scheduled to be in effect until 2017.
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Forced retirement is an age discrimination no-no
Ohio Employer's Law
SEPTEMBER 12, 2016
While not necessarily on point, this case does segue into an important issue—mandatory retirement. It’s still a fairly popular misconception that businesses can force employees to retire at a certain age. In truth, with the exception of a few limited circumstances, mandatory retirement ages are about as close to a slam dunk case of illegal age discrimination you can find.
Retirement Annuity Accounts
HR Times
APRIL 6, 2016
A defined contribution benefit plan option to help stabilize retirement and reduce risk. Will I be able to retire? More than 85 percent of Americans believe the nation is facing a retirement crisis 1 and 72 percent of surveyed employers feel only some employees will be ready for retirement. Retirement Annuity Accounts. complement to current retirement plans.
Retirement Planning: The Gender Gap Persists
HRE's The Leader Board
JUNE 27, 2016
A quick search of our website, using the terms “women” and “retirement,” brings back an article from August 2008 that describes retirement planning as “a nightmare for many women.”. In examining the retirement saving and investing behaviors of roughly 3.5 times their final pay to meet their financial needs in retirement, but finds “a gap of 3.3 times pay for men.
Mandated Employer Retirement Plans: What They Mean for Small Businesses in California and Beyond
TriNet
JULY 23, 2015
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. Benefits Retirement California 401K California small business retirement law in CaliforniaVisit site for full story.
The Pros and Cons of Various Retirement Plans and Why Now is the Time to Consider Offering One to Your Employees
TriNet
JUNE 3, 2016
Do you offer your employees a retirement plan? major Gallup poll shows that retirement saving is Americans’ top financial concern. Employee Benefits Retirement benefitsIf not, now is the time to consider it. Yet almost half of. Visit site for full story.
The Case For Switching Retirement Providers
Paychex
MAY 18, 2016
Switching retirement providers to better meet the needs of your small business and its employees may be a daunting, but ultimately beneficial, experience. Here are some common reasons why businesses decide to make the switch
it’s time to retire these workplace phrases
O.C. Tanner
JULY 25, 2016
Consult this list to see whether you’ve been using these workplace phrases it’s time to retire. There’s a time and a place for business jargon—and with the rise of social media and the 21 st century workplace, we’ve accumulated a wealth of new words to communicate our modern work lives. But even as new phrases are coined, old business jargon falls out of style. Let’s put our heads together.
Comparing Small Business Retirement Plans
Paychex
MARCH 31, 2015
For small-business owners and fledgling entrepreneurs, offering a solid retirement plan is no luxury — it''s a necessity. This article gives an overview of retirement plans small-business employers may consider offering their workers
Preparing for the Retirement Boom
TalentCulture
SEPTEMBER 22, 2016
The baby boomer generation is beginning to hit retirement age, and companies must prepare for what could be a major exodus. The US Bureau of Labor Statistics reports that as many as one out of ten workers will retire either this year or the next. The first thing to realize about the upcoming retirement boom is that it may not be so much of a boom. Pass the Torch.
Understanding ERISA Fiduciaries and Their Retirement Plan Responsibilities
Paychex
MAY 18, 2016
With retirement plans come ERISA fiduciaries and their responsibilities: What are fiduciaries, and how do they help keep your retirement plan safe and functioning well for your employees
Should Your Employees Use Their HSAs as Retirement Accounts?
Synergy
OCTOBER 24, 2016
According to some estimates, a relatively healthy 45-year-old who plans to retire at 65 should expect to pay retirement health care costs of almost $600,000 – and that’s at today’s rates; inflation projections put that amount at $1.6 One study suggests that the answer is a resounding no ; the average American couple, just 10 years away from retirement, only has $17,000 saved up.
6 Steps to Take Before Key Employees Retire
ATD Human Capital
DECEMBER 28, 2015
An increasing number of workers are approaching retirement age in the United States. One organization that is facing this threat of impending retirements is KONE, a major Finnish company (with a large U.S. Several of these “go-to” veterans have expressed their intent to retire or drastically reduce their work hours. Case in Point. Within KONE’s U.S.
Future Friday: The vision of retirement is already changing
OmegaHR Solutions
SEPTEMBER 23, 2016
Older workers eschewing retirement because they want to stay working. The vision of retirement is undergoing a major change. Many people envision that retirement is sitting at the local Starbucks chatting with friends or sitting on the front porch rocking away enjoying “the good life.” Many older workers today are not retiring for a number of reasons. Mortality.
Smaller Businesses Need An Employee Retirement Program Too
TLNT: The Business of HR
NOVEMBER 1, 2016
Navigating the vast array of retirement plan options can be challenging for small and mid-sized businesses. Government Accountability Office found that only about 14% of small businesses (fewer than 100 employees) offer retirement plans to employees. 401(k) Compensation & Benefits Retirement FeaturedIn fact, a recent survey by the U.S.
Why Job Hopping Hurts Your Retirement
TalentCulture
MARCH 20, 2015
Any step taken in haste may as well translate into a difficult post-retirement phase with very little savings to fall back on to meet your essential daily and old-age health and other expenses. Not in the least, if one does his or her homework well and chalks out an exit plan on the basis of existing financial standing to cope with the vagaries of a life after retirement. But, wait!
Prepare for Nurse Retirements and Shortage with Intelligent Workforce Planning
Visier
FEBRUARY 25, 2016
With baby boomers heading into retirement — by 2050 an estimated 88.5 But there is another retirement population that is perhaps even more worrying to them: nurses. This means that more than one million RN’s will reach retirement age within the next 10-15 years, leading to a drastic shortage of skilled, tenured nurses. million people in the U.S.
Retirement Savings Gone to the … Worms?
HR Daily Advisor
DECEMBER 14, 2015
Retirement is something most people look forward to! Most people start saving for retirement in their twenties either by investing in a 401(k) or in a Roth IRA. But one paranoid man decided not to trust John Hancock or the banks, so he buried his retirement savings in the ground. Unfortunately, as HR SBT would have it, his entire life’s savings went to the worms.
Work Now, Retire Later
ADP
JULY 31, 2015
Despite the attraction of retirement, however, the baby boomer generation continues to delay leaving the workforce. Human Capital Management Retirement ADP Research Institute adpri Employee Benefits retirement Retirement Planning
The State of Retirement Saving in America and How to Fix It
Paychex
MAY 10, 2016
The statistics are in: Employees aren't doing enough to save for retirement. Here are some ways to more proactively help your employees with retirement planning while also helping your business improve its bottom line
Retirement: Expectations vs. Reality
HRE's The Leader Board
DECEMBER 3, 2015
A comprehensive survey of workers and retirees by the Transamerica Center for Retirement Studies reveals a big disconnect between employees’ expectations concerning retirement and what they — and their employers — are actually doing to prepare for it. Among workers age 50-plus who are investing for retirement, 41 percent use an advisor. benefits retirement
Is the Tide Turning on Retirement-Readiness?
HRE's The Leader Board
FEBRUARY 29, 2016
There appears to be a shift away from what, heretofore, have been dismal findings on Americans’ retirement preparations. And we’ve certainly written about them, all the stories positing the harsh reality that many people nearing retirement in today’s workforce can’t see themselves ever affording it. You’ve heard them. You’ve read them.
Future Friday: The end of retirement?
OmegaHR Solutions
DECEMBER 18, 2015
The fifth change they talked about is the subject of retirement, something, I must admit, has been a more frequent subject in my life. There are a number of reasons that the “standard” retirement age of 65 is no longer viable. Already in the US the full retirement age for anyone born since 1943 is 66, not 65. Phased retirement. Forget 65. years; for males, it’s 76.4
4 Ways You’re Leaving Money On the Table By Not Using a Retirement Plan
Paychex
OCTOBER 17, 2016
It's easy to forget about retirement as you're running a business, but as an owner, don’t neglect investing in your future self. Look at four ways you may be leaving money on the table instead of investing it into a retirement plan
How Not to Throw a Super Lame Retirement Party
RecogNation
JULY 22, 2016
When you receive a retirement party invitation in your inter-office mailbox, what are the first thoughts that run through your head? Whether an employee has dedicated 20 years to your organization or just the final 5 of their career, retirement is something to celebrate ! Whatever it is, make sure their unique interests are represented at their retirement shindig!
Cost to Redeploy and Retire Employees
APQC
MARCH 3, 2015
According to APQC''s Open Standards Benchmarking research, top performing organizations are more cost-effective in their redeploying and retiring processes. Retirement Employee outplacement and downsizing Human Capital Management Benchmarks and Metrics 6.5 Redeploy and retire employees Print
Retirement Planning 101 for Business Owners
Paychex
AUGUST 9, 2016
As a business owner, retirement planning may not be a primary focus when dealing with your day-to-day operations, but it can be an extremely compelling component of your benefits package. Learn about the basics of retirement planning
How to Get Your Employees to Participate in a Retirement Plan
Paychex
OCTOBER 19, 2016
In honor of National Save for Retirement Week, let's raise your employees' awareness about the importance of saving for a secure financial future. What can you do to encourage your employees to participate in your retirement plan
David Letterman’s Retirement Kicks Off the Great Boomer Exodus
TLNT: The Business of HR
MAY 20, 2015
When asked by The New York Times to describe his impending retirement, David Letterman called it “a good solid punch to the head.”. more…). HR Insights Talent Management Change management Engagement Generational issues HR management Management talent management
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