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.
Retirement literacy is lower in this country than most people think.
Each day, about 10,000 people hit the magical retirement age of 65. But most people have no idea how much money to set aside for the future.
In a recent retirement literacy survey conducted by the American College of Financial Services, only 5 percent of respondents got a grade higher than a “C.”
A lack of savings is one of the biggest sources of financial stress, and there are few things more stressful than worrying about running out of money too early in your golden years. To know how much money you’ll need for a financially stable retirement, it’s good to understand some basic (and often uncomfortable) facts – like how long you can expect to live.
Think you know how to build a nest egg that will last? Test your retirement literacy with this six-question quiz.
Baby boomers aren’t saving enough for retirement. While they expect to need about $658,000 in their retirement accounts, they’re only averaging $263,000 — less than half of what they’ll need.
Job insecurity makes employees more likely to get sick. A new study from Ball State University found people who reported job insecurity were more susceptible to a number of physical and mental health problems. Help your employees feel more secure during times of workplace transition.
How much should 20-somethings be saving for retirement? It can be hard to focus on a retirement that’s decades away. Here’s what millennial employees want to know about retirement planning.
How can you build a better employee training program? Focus on the areas where your employees struggle most. Learn how to identify where your team could improve.
Which benefits bring in top talent? A top-notch benefits package can help a company attract and retain workers. Check out 11 benefits for which employees will leave.
Retirement plans are leaking money, jeopardizing your employees’ retirement security. The culprit? Loans and early withdrawals. Help your employees save more.
Uber’s workplace struggles offer a great example of what not to do. How can you build a culture of diversity and inclusivity in your workplace? Take a hard look at your office culture.
Employees don’t quit out of the blue. There are usually signals visible long before they put in their two weeks’ notice. Seven signs your employees are leaving.
Building a new well-being program for your employees? Make sure you’re getting the most impact from your investment. Three traits of successful well-being programs.
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