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As if runaway health care costs aren’t enough – now, statistics show U.S. companies annually lose an estimated $2 billion because of employees’ inadequate language skills and poor cultural competence.
And the multilingual pipeline apparently is about as big as a straw: Further stats reveal just 9% of the U.S. population is bilingual and fewer than 8% of college students enroll in foreign language courses.
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New SHRM research finds fewer employers offering generous 401(k) matches and flexible work, even as experts warn benefit cuts can hurt hiring and retention.
Younger employees are least likely to enroll in retirement plans, but automatic enrollment and defaults dramatically improve participation across the board.
A new survey reveals how HR and benefit leaders can tailor recruiting and retention efforts to the youngest generation.
Benefits, policies and leadership support create trusted environments that help women and businesses succeed.
Investing in a holistic design now will pay dividends in future performance and engagement.
