Visit site for full story. Employee Benefits MORE

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. MORE

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. MORE

With the demand generated by the Affordable Care Act, baby boomers starting to retire, and more people battling chronic conditions , patient care is needed more than ever. Retirement Trends. This insight demonstrates how important L&D will be and enables you to put a program in place that ensures junior nurses will have the skills necessary to take over the roles of retiring RN’s. MORE

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. MORE

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. MORE

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. MORE

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. MORE

New, first-time workers are barely replacing workers who are retiring. More than ever before, the business world needs strong HR leaders. The workforce in the developed world and China is rapidly aging. Despite increasing automation, in the next 20 years there will be a serious shortage of skilled workforce everywhere. The results are clear: strong CHROs are crucial to business success. MORE

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. MORE

Have increasing retirement rates for investment advisors led to a decrease in assets under management? There is a lot we can learn from the financial services industry. Constantly changing regulatory and remuneration policies , as well as post-recession restoration pressures, are making it difficult to attract and retain key people in the financial services industry (FSI). MORE

Bureau of Labor Statistics predicts that by 2015 millennials will overtake the majority representation of the workforce, as baby boomers retire in greater and greater numbers. HR will face challenges of engaging and retaining newly hired millennials, while also ensuring the knowledge and skills of retiring baby boomers are maintained. What does this mean for HR? The U.S MORE

We live in an aging world, where the new workforce is not growing quickly enough to replace those retiring. If you could only bring two things to HR Tech World Congress in Paris, what would they be? My answer: A pack of throat lozenges and really, really comfortable (but stylish!) shoes. Tuesday, Oct. 27 @ 8:55. How can HR support Smart Simplicity? Attend to find out. Tuesday, Oct. MORE

An estimated 50 percent of the oil and gas industry’s workforce is set to retire in the next five to seven years, a phenomenon known as the Great Crew Challenge. During the post World War II era, he explains, a huge leadership void had been created by the war. Today’s Talent Shortfalls. Today HR has the opportunity to enter the spotlight again as a leader in workforce planning. MORE

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. MORE

As baby boomers head into retirement, companies will face a huge shortage of skilled workers to replace them. In August 2015, the need for more workforce diversity was spotlighted in a big way when President Obama issued a call to action to technology companies, encouraging them to hire more women and minorities by implementing the Rooney Rule. What is the Rooney Rule? Who’s getting hired? MORE

Imagine the problems it would cause for a nuclear plant’s operations if not enough nuclear engineers were developed in time to fill the gaps created by retiring baby boomers. Succession planning is about managing the risk associated with any type of critical skills gap. Consider the role of a senior nuclear engineer: This is not a job you can fill easily by posting on LinkedIn. MORE

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 MORE

If you don’t currently offer your employees a retirement plan, you may want to pay attention. Legal News & Compliance mandatory retirement benefitsAt both the state and federal level, the government is continuing to push legislation to make mandatory. Visit site for full story. MORE

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 MORE

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! MORE

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. MORE

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. MORE

An estimated 50 percent of the oil and gas industry’s workforce is set to retire in the next five to seven years, a phenomenon known as the Great Crew Challenge. The workforce is always changing with people being promoted, transferred, reorganized, hired, retiring, leaving, going part-time, and taking leave. What critical skills will we lose from retiring workers in the next 5 years? MORE

Legal News & Compliance retirement Retirement laws CaliforniaOver 55 million Americans currently do not have a 401(k) or other employer-sponsored savings plan. On November 5, the U.S. Department of the Treasury responded to this growing issue by rolling out a. Visit site for full story. MORE

In a world where retiring workers outnumber new arrivals, the data-oriented CHRO will become a strategic player indeed. The company with the best talent will often win, but talent alone is not enough. Talent is wasted if those who possess it are not given the freedom to do what they believe is right, or are not aligned with the company’s strategy. At the same time, talent is very expensive. MORE

For example, an organization that is at the Reactive level can answer basic questions like, “ How many people retired last year? ” As you move to the Focused level, the questions you can answer increase in value as you start to make connections such as, “ What shortfall in skills will result from retirements? Level 1: Reactive. Most organizations today are at the Reactive level. MORE

New, first-time workers are barely replacing workers who are retiring. More than ever before, the business world needs strong HR leaders. The workforce in the developed world and China is rapidly aging. Despite increasing automation, in the next 20 years there will be a serious shortage of skilled workforce everywhere. The results are clear: strong CHROs are crucial to business success. MORE

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. MORE

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 MORE

It’s also referred to as churn, and includes both voluntary leavers (those that resign or retire) and involuntary leavers (as in the case of redundancies, poor performance, or other cases where the employee was forced to leave the organization). Retirement Trends. Solution is proven to accurately predict employees likely to retire, taking into account all possible employee attributes. MORE

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 MORE

Prepare for Nurse Retirements and Shortage with Intelligent Workforce Planning. The healthcare industry today is facing a perfect storm. On one hand, there has been unprecedented growth in demand for healthcare services: As many as 18 million more people have healthcare coverage today than did a few years ago. The Financial Health of Hospitals. But what is HCAHPS exactly? MORE

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. MORE

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. MORE

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. MORE

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 MORE

An estimated 50 percent of the oil and gas industry’s workforce is set to retire in the next five to seven years, a phenomenon known as the Great Crew Challenge. Largely because one of the biggest demographic changes to the makeup of the labor market is upon us — the retirement of the baby boomer generation. B y 2050, an estimated 88.5 Seismic Demographic Shifts Ahead. Failed to Plan? MORE

How can we better plan for the retirement of experienced nursing staff? “Never let a good crisis go to waste” is an expression HR leaders at healthcare provider organizations understand well. Likewise, HR leaders need to identify the speed and direction of career development paths to ensure that employees progress into key roles. Avoid HR Irrelevance. MORE

The Washington Small Business Retirement Marketplace is offering a retirement solution for employers and employees MORE