In this week’s Best Money Moves roundup, we take a look at news stories and new research studies that may impact employee benefits and HR issues. We hope you find this news roundup helpful, and we’d love your feedback.
When your company invests in employee training, you expect your employees to not only remember what they learn, but incorporate it into their every day routines. Unfortunately, that often isn’t the case.
A recent study found that 70 percent of employees admitted to forgetting what they’d learned within 24 hours of doing the training. That’s an issue for the company (which wants a return on the investment made in employee training) and the employees, who will face additional workplace stress if asked to complete tasks they don’t remember how to handle.
GOP lawmakers have proposed a new type of retirement account that could come with the repeal and replacement of the Affordable Care Act: Meet the Roth HSA. If it passes, you might start seeing it pop up in your 401k plan options for 2018.
Your male and female employees have very different career expectations. Men are twice as likely to think they’ll eventually make $100,000 or own a company, while women are more than twice as likely to think they’ll never advance beyond an entry-level positions. Learn the other ways in which their career expectations differ.
A lot has changed since 1996, and the world of employee benefits is no exception. From a rise in telecommuting to the fall of employee stock purchase plans, here’s how employee benefits trends have shifted in the last 20 years.
Your Millennial employees may prioritize vacations above retirement savings. A new LendingTree survey found that while Gen-Xers put retirement savings as their second most important savings category (behind an emergency fund), it comes in fifth place for Millennials. Read the other ways these generations’ priorities differ.
Speaking of retirement, Americans are “drastically under saved” for their golden years, according to the U.S. Census Bureau. In fact, only one-third of working adults are putting money into employee-sponsored or tax-deferred savings. How can we fix this and encourage retirement savings? Here’s our suggestion.
“Mental toughness” is a phrase often used by sports coaches, but it should apply to your office team, too, as mentally tough employees can be better leaders. Here are six ways to cultivate mental toughness on your team.
How tough are your company’s interview questions? Glassdoor’s chief economist found that the tougher the interview questions, the more satisfied the employee is in the job later on. Check out 27 of the toughest interview questions on Glassdoor.
When a manager leaves, morale among your remaining employees (or the manager’s direct reports) can take a hit, regardless of whether one of them isn’t chosen to move up in the ranks. A recent study found that 59 percent of employees say their productivity is “somewhat” to “significantly” impeded by the absence of a boss. Why you should fill management vacancies ASAP.
Your employees are looking for new opportunities. An Indeed study found that 71 percent of employees are actively seeking or open to new job opportunities. Follow these three tips to build a winning employee retention strategy.
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It’s hard to stay on top of everything in the news. That’s why each week our Best Money Moves newsroom will bring you the most important news in financial wellness, employee benefits and financial stress. We hope you like the information and, if you do, please spread the word. For midweek developments, follow us on Twitter and on Facebook.