Secure retirement still elusive for many employees
Published
6 Min Read
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U.S. retirement outlook worsens as debt, health costs weigh on workers
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.
Benefits Think When star employees are squeezed from both sides
Flexible benefits and a caring culture that recognize the double squeeze of child care and eldercare responsibilities on a culture will help retain sandwich-generation talent.
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Rising healthcare costs may force small businesses to cut coverage
Reducing healthcare benefits can provide immediate savings, but it could also stunt retention and recruiting efforts.
Helping employees select the right healthcare during open enrollment
Employers should educate staff on the nuances of every coverage option, advises Benefitbay CEO, ranging from coinsurance to coverage tiers, networks, “incumbent bias,” and more.
Retirement income is the next challenge for employers
Workers estimate they’ll need over $5K in monthly retirement income, but many have no clear strategy for turning savings and investments into a steady paycheck.
