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Employee Benefits: Then and Now [infographic] – Friday Distraction

HR Bartender

Benefits such as health care, retirement planning and employee assistance programs are offered to employees at the same level as in 1996.” ” The good news is that employers are listening to demands for better work/life balance with increased telecommuting, flextime and other accommodations.

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Namely

HR Lineup

Founded in 2012, Namely has emerged as a leading cloud-based HR solution, catering to the evolving needs of modern workplaces. From health insurance to retirement plans, the platform provides tools to customize and administer a range of benefits packages.

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Sponsoring a Retirement Plan: Tax Benefits You Should Know About

Insperity

Offering your employees a retirement plan doesn’t have to be a burden on your budget. The federal government offers tax benefits to help make retirement plans more affordable for small businesses. Here are a couple of ways you can save some money by sponsoring a retirement plan. Receive an income tax credit.

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4 Ways to Support Employee Mental Health and Wellbeing

Best Money Moves

Furthermore, 48% of employees seek goals-based retirement investment planning from their employer, while 46% are eager for retirement planning tools and calculators. Gen Z (which generally encompasses workers born between 1997 and 2012) is the generation grappling with the highest levels of stress and anxiety.

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Employee financial wellness: Why it matters in the workplace

Insperity

Look beyond the 401(k) Employees tend to think of a 401(k) retirement plan as a standard, commonplace benefits offering. Furthermore, a 401(k) is focused on the future and long-term goals – a more urgent and timely concern for older employees closer to retirement.

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Building Understanding Ahead of Open Enrollment Across Generations

PeopleStrategy

What Each Generation Typically Looks For Baby Boomers (born 1946-1964) are approaching retirement age, so their benefit preferences may focus more on retirement plans, health coverage, and financial security. Generation Z (born 1997-2012) often seeks opportunities for skill development, mentorship, and meaningful work.

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SECURE 2.0 Includes PBGC Premium Relief… for Some Plans

Proskauer's Employee Benefits & Executive Compensa

Act of 2022 (“ SECURE 2.0 ”) that was signed into law on December 29, 2022 as part of the 2023 Consolidated Appropriations Act includes a slew of changes for retirement plan sponsors and employers. This provides some welcome relief for plan sponsors who saw the variable rate premium increase significantly over the last decade.

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