Benefits

Retirement Account or Bank Account? Employees Cash Out 401(k)s in Record Numbers

Studies have shown that people who don’t have enough saved for retirement wind up staying on the job longer and are more stressed about their finances.

The Bureau of Labor Statistics reports that today’s mobile workforce is changing jobs nearly a dozen times. For 35- to 44-year-olds, a little over a third take jobs that last less than a year. It doesn’t allow for a lot of time to sock away money in a 401(k) account and as a result, many workers are cashing out what…

Social Advances in the LGBT Community Begets Retirement Progress

Younger LBGT workers not only have larger numbers, but they’ve had more access to certain financial benefits.

Financial stability is impacted by many factors, including how good people are at saving, how bad they are at spending, how much money they make and the type of education they receive on managing money. Add another factor to this list: social progress. Take, for example, the LGBT community. LGBT people have historically been the segment of the U.S. population…

The Value of Family-Related Benefits in Financial Literacy Programs

There’s one family-related employee benefit that, although it does not get as much attention as paid parental leave, can have a huge impact on employees’ children’s lives: financial literacy education.

With job candidates no longer focusing solely on salary but also on the benefits accompanying a job offer, employers are seeking new benefits to attract and retain talented employees. Family-related benefits, such as paid parental leave for both mothers and fathers, adoption benefits and child care flex spending accounts, are becoming more popular in workplaces. However, there is one family-related…

Lyft Expands Tax-Saving Commuter Benefit to More U.S. Cities

Employers offering commuter benefits to their employees have another option other than traditional commuter transportation like biking, buses and trains.

Ride-hailing service Lyft is expanding its pretax commuter benefits to Lyft Line users in 13 new cities and across much of New Jersey. The benefit lets employees to use pre-tax commuter benefit dollars to pay for all Lyft Line rides once they add their commuter benefits card to their Lyft account, allowing them to save 35 percent on rides. “This…

Triage and the Morality of ‘Playing God’

Religion and morality aside, this is more about the ethics of medicine. To what degree should professionals get to choose who they treat?

I drove to New Orleans with my sister and her pit bull in December. Fourteen hours on the road from Chicago, so a lot of our time was occupied by podcasts. I can’t get one of them out of my head after reading about one of the big health-care related developments in the news recently. I’m talking about a rule…

This Is the Year Financial Wellness Solutions Should Be Accessible to All

Only 6 percent of employees strongly agree that their company effectively helps them manage their finances. That must change.

Early in 2017, I proclaimed it would be the Year of Financial Well-Being. The reason was simple. Across the U.S., Americans at virtually all income levels are experiencing financial insecurity and a growing awareness of just how great that insecurity is. This oppressive level of financial stress is impacting all areas of Americans’ lives, including their productivity in the workplace….

5 Minutes of Management: Health Care Costs

Rising health care costs are still plaguing workers who receive insurance through their employer. Plus, a lucrative career in fast food.

Rising health care costs are still plaguing workers who receive insurance through their employer. Plus, a lucrative career in fast food.

Talent10x: Should Superbowl Monday be a Holiday?

Productivity sags the Monday after the Super Bowl, so should employers consider caving in and let employees have it off? Rick Bell and Frank Kalman say that's absurd on the latest Talent10x.

In his last Talent10x podcast, Managing Editor Frank Kalman and Workforce’s Rick Bell discuss the lagging productivity and performance that happens on the Monday after the Super Bowl and if employers should consider giving employees the day off as a result.

How Employers Can Shift Their Wellness Program Plan Design Under Changing Regulations

For employers who are confused about what they should do about their wellness programs now that the old rules are out, here are some practical tips.

I promised last week I’d share some practical employer advice regarding the AARP v EEOC ruling, so here it is. Businessolver recently held a webinar on the implications of the case on employers. The speakers were Businessolver’s Rae Shanahan and Bruce Gillis, Quizzify’s Al Lewis and Carol Harnett of the Council for Disability Awareness. A lot of employers seemed interested…

Ailing Health Care System Gets a Shot From Amazon, Berkshire and JP Morgan

Experts in the health care space are realistic about how long it would take for CEOs Jeff Bezos, Warren Buffett and Jamie Dimon to implement change in the health care industry. Still, they’re optimistic that this is a move in the right direction.

The CEOs of Amazon, Berkshire Hathaway and JPMorgan Chase & Co. are partnering as an independent company to address health care for their American employees and their families. Jeff Bezos of Amazon, Warren Buffett of Berkshire Hathaway and JPMorgan Chase’s Jamie Dimon’s as-yet unnamed company will initially focus on using technology solutions to provide workers “simplified, high-quality and transparent health…