How to Help Employees with Student Debt Student debt is the second highest debt category in the U.S., only falling behind home mortgages. More than 43 million Americans have student loan debt, averaging nearly $38,000 per borrower. Borrower ages range from recent graduates to retirees. High debt loads mean older borrowers are unprepared for retirement, […]
How and When to Lay Off Employees Employee layoffs are one of the toughest situations managers face in the workplace. Because layoffs are typically unrelated to employee misconduct, they tend to involve a lot of emotion. But sometimes, layoffs are unavoidable. While they should be a last resort for a company, there are situations where […]
The Middle Class is the Most Expensive The middle class is the most populous segment of the United States. It’s also the most expensive. A common perspective among the middle class is that they don’t quite earn enough to afford their standard of living, but they earn just enough not to qualify for financial assistance. […]
How to Help Millennial Employees Retire Early Early retirement is a dream of many modern workers, and it has its benefits for employers, too. Senior employees typically have the highest salaries and the most expensive benefits packages. When these workers choose to take advantage of an early retirement, it allows the company to hire junior […]
Times are Changing – Benefits Need to Change, Too Employee benefits have been in the works for 400 years. Pension plans date back to colonial times and paid vacation days have been around for nearly a century. But as times are changing, benefits need to change, too. In today’s economy, middle-class workers face unprecedented challenges […]
Christmas Is Not an Emergency It’s the most wonderful time of the year – but for many consumers, it’s also the most financially stressful time of the year. Christmas presents and holiday parties can get very expensive very quickly. The problem is most consumers don’t plan ahead for this annual event, and as a result, […]
How HR Managers Can Make a Difference in Every Employee’s Life Human resource managers are granted both the power and responsibility to take care of their employees. When employees have issues in the workplace or when personal struggles affect their work performance, they turn to their HR team for support. In addition, there are many […]
Financial education is becoming increasingly popular as an employee benefit. It’s known to decrease money-related stress by giving employees control over their money instead of letting it control them. As a company benefit, financial education increases productivity and improves employee morale.
How Employee Expectations Are Changing the Workplace Today’s employees have a whole new set of expectations for the workplace. Not only is there a demand for higher pay to keep up with the cost of living, but there is also a renewed demand for respect in the workplace. Companies who don’t meet these expectations find […]
Millennials are Changing the Workforce Millennials are the largest generation in the labor force. By 2025, 75% of the workforce is expected to be made up of millennials, according to Pew research. Many employers are frustrated with millennials’ tendency to change jobs frequently. But as this generation is continually looking for more meaningful work, what […]