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Savings Soundbites for ASW 2022

Money Talk

in April 2020 as pandemic lockdowns took hold. This is typically done in employer retirement savings plans with an auto-escalation feature that automatically increases an employee’s contribution amount by a specific percentage of pay. personal savings rate was 33.8% Many people could not spend money so they saved it.

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Top 3 Hiring Trends for 2020

Best Money Moves

Top 3 hiring trends for 2020. Employers are ready to pay up to combat the skills shortage in the new year. . Top 3 Hiring Trends for 2020. Their findings identified three major hiring trends for 2020: 1. More on Recruitment and Hiring Trends for 2020. Health and Wellness Benefits Insights for 2020.

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4 Ways to Avoid the Dreaded High-Turnover Rate

Achievers

By 2020, it’s estimated that nearly half of the workforce in the United States will be comprised of millennials. Or consider implementing programs within the workplace that are transparent when it comes to pay raising goals, such as merit-based pay structures. Learn What Millennials Want.

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Poundstretcher raises store staff pay by 10%

Employee Benefits

This is the second consecutive year that Poundstretcher has given its employees a 10% pay increase, as last year it implemented the salary hike to reward them for their hard work post-pandemic and for the positive turnaround of its profits following its successful company voluntary arrangement.

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Overpaid CEOs a Huge Red Flag for Company Stability, Shareholder Advocacy Group Says

HR Digest

According to a report by As You Sow , a shareholder advocacy firm, 2021 saw a significant increase in shareholder rejections of CEO pay packages. More than half of shareholders rejected CEO pay packages at 16 companies last year, up from ten in 2020 and seven in 2019.

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American employers’ push for minimum wage increase faces an uphill battle

HR Digest

In 2017, BoA raised its minimum wage to $15 an hour. Two years later, it announced it will pay $20 an hour over the next two years. BoA achieved that goal in 2020 – a year earlier than expected. The world’s biggest online retailer Amazon a pay raise for over 500,000 workers across its fulfilment and transportation sectors.

401(k) 52
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Flexible Work is Key to Retention

Kollath CPA

But as noted by the Department of Labor, “Under some [flexible work] policies, employees must work a prescribed number of hours a pay period and be present during a daily ‘core time.'” ” Learn more about why Flexible Work is Key to Retention. Flexible work is a critical component of retention.