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Maximum employment? What it means post-pandemic may have changed already
WASHINGTON (Reuters) - The U. S. unemployment rate hit a record low of 3.5% a year ago, but that bit of history comes with a footnote. It arguably was not the best overall time for workers in recent decades. That honor goes to the final months of 2000. Even though unemployment rates were a bit higher, wage growth was s
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Roth Option Will Improve Your Company 401K
Many of your plan participants would greatly benefit from a Roth 401(K) provision. From the perspective of the plan sponsor, it’s a no brainer. It should be available on every plan. And you can enhance your plan benefits without one single penny of additional cost to the company. Roth 401(k) provisions are grossly und
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5 questions to ask at your first financial planning appointment
Summary List PlacementAt your first financial planning appointment, it's a good idea to ask your financial planner about the total cost of their services (including any underlying fees in your portfolio) and how many clients they have. Ask about the plans they have to cover your needs if they leave the business, such a
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How Small Businesses Can Use Credit Wisely In A Tough Economy
It’s important to remember that credit alone isn’t a growth strategy. For lasting success, credit cards should be used intentionally, with a strategy behind them.
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Employee morale and financial health: What employers need to understand
COVID-19 has reshaped labor markets in ways that are testing what employers know—and don't know—about their workforces. Take the restaurant industry, where NPR reports employees are leaving at a record rate. Pay is only part of it. A lack of benefits weighs on their minds, too. As does the rudeness from customers.
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Millennials are drowning in student loan debt: How financial wellness programs can help
With tuition rising almost eight times faster than wages, it is no wonder that millennial student debt has skyrocketed well beyond the level experienced by their Gen X and Baby Boomer parents. According to the National Center for Education Statistics, the average cost of a college education in 2016 was $104,480–double
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Get Lean: 5 Ways to Save Money in Any Economy
With recession fears increasing day by day, it won’t be long before companies start looking for new ways to save money. Economic downturns can be make-or-break situations for plenty of businesses. And, costs are a big factor in who makes it out intact. Don’t wait until the market forces you to slash your budget. By the
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How to pay back your student-loan debt, no matter where you start or what type of loans you have
There are several repayment plans to choose from to help you pay back your student loans. The right strategy for you will depend on your goals, lifestyle, and the type of loans you have. At any point during repayment, consolidating or refinancing your student loans can streamline your monthly payments and help you save
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Create A Culture Of Engagement To Achieve Real Results
Measuring is paramount when you’re trying to create change and improvement. It’s the only way to identify gaps and close them. In trying to create a healthy culture within your work environment to achieve employee engagement, outstanding performance and results, it’s critical to measure your culture on an ongoing basis
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To Expand Or Not To Expand: Four Considerations For Growing Companies