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Lockdowns, layoffs and furloughs dominated the early days of the pandemic. And two years later, the trickle-down effects of these world-altering events are still impacting the workforce.
The tumult created by COVID-19 led many Americans to reevaluate their careers. Today, millennials are considering major career changes. Baby boomers are retiring early. And Gen Z, the newest addition to the workforce, are rapidly quitting their jobs, women even more so than their male counterparts.
Spencer Williams is CEO of Portability Services Network and Retirement Clearinghouse, a portability solutions provider.
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The U.S. fell three spots to 24th in a global retirement ranking, highlighting growing pressure on employers to help workers save and plan for rising costs.
September is Self-care Awareness Month — a great time to promote offerings that help employees be proactive with their health and wellness, finances and career.
New JD Power research finds employees with better retirement plan apps are more engaged, more likely to consolidate assets and more likely to stay invested.
The goal is to strike a thoughtful balance that supports employees during important life events while maintaining productivity, managing costs and ensuring equitable access.
From fiduciary guidance to financial education, advisers are taking on more responsibility as sponsors expand investment choices and focus on participant outcomes.
