More than half of employees say they’d like to receive a financial reward of some kind as the Christmas and New Year’s holidays near. The reality is, many won’t be seeing a bonus of any kind as employers tighten their belts and layoffs loom on the horizon. Challenger, Gray & Christmas surveys businesses every year […]
Give your team a heads up: The informational copies of the 2022 Form 5500, Form 5500-SF, IRS Form 5500-EZ and form instructions have been released by IRS, the Dept. of Labor’s (DOL) Employee Benefits Security Administration and the Pension Benefit Guaranty Corporation. They arrive just in time for the year-end financial condition, investments and operations […]
Thanks to a final rule issued November 22 by the U.S. Department of Labor (DOL), ESG retirement investment restrictions put in place back in 2020 by the Trump administration are being lifted. ESG stands for environmental, social and governance. Because a growing number of investors – particularly among Millennial and Gen Z age workers – […]
Heads up to Payroll and everybody in your organization making retirement plan contributions: the maximum amount that can be put toward 401(k)s will rise to $22,500 for 2023, according to IRS Notice 2022-55. It’s a significant 9.8% increase from the current $20,500. IRS is also applying that $22,500 retirement plan contribution limit to employees who […]
As you prepare your salary budgets for 2023, it’s important to know employees’ expectations in terms of pay and perks so you can avoid having to replace your best people in the new year and retain those you bring on for new roles. New research from Robert Half sheds light on people’s top priorities and […]
When a person asks, “How much money will I need in retirement?” the only honest way to answer is with, “It depends.” What’s most helpful is steering the person’s thinking in another direction so they can take honest stock of their finances before it’s too late. Employees may come to you or other trusted financial […]
New data shows the Great Resignation and war for talent is leading to C-suite burnout. The pressure your peers are feeling to keep employees from walking out is taking a toll on their mental health. Nearly 70% of C-suite executives said they’re seriously considering leaving their companies in favor of a role that better supports […]
The cost of everything’s projected to go up next year – including the healthcare plans you fund for your employees. A recent analysis from Aon can give you an idea of just how much you should expect to shell out for health coverage in 2023. Healthcare costs are expected to increase an average of 6.5% […]
Your peers feel there’s a return on investment (ROI) for investing in family-friendly benefits that contribute to employees’ work/life balance. That’s according to an employer health and benefits strategies survey by Mercer. In this case, “family-friendly” means perks designed to support employees who are building and nurturing a family, as well as employees who are […]
