Survey: 83% of workers want pension plans for all | Customized benefits can help attract, retain talent | Agency leaders on how to accommodate neurodiverse staff
A survey by the National Institute for Retirement Security shows 83% of working-age Americans think every worker should have a pension plan, with 77% saying elimination of pension plans has made it harder to "achieve the American dream." The percentage of working-age Americans noting a retirement crisis has increased to 79% from 67% in 2020. Full Story: Pensions & Investments (free access for SmartBrief readers) (2/27)
Retirement Outlook 2024 Explore key considerations for plan sponsors in 2024, including markets, declining retirement confidence and how some DB plans are evolving. Find out more.
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Recruiting & Retention
Customized benefits can help attract, retain talent Research indicates employee loyalty is on the decline in the US, making it even more crucial for employers to personalize benefits and prioritize staff satisfaction and engagement. Employee resource groups, a wider array of benefits, better parental leave policies, and other customized offerings can help companies foster loyalty and retain talent. Full Story: HR Dive (2/26)
Planning can help employees avoid retirement regrets Many retirees express dissatisfaction with the amount of money they have been able to save, but it is possible to lessen the financial and psychological stress with some key planning. Employers can help their workers make informed decisions and prepare for the future by promoting financial literacy, offering coaching and other support and helping employees manage their health issues. Full Story: Employee Benefit News (free registration) (2/26)
Technology
Survey: Workers given AI guidance more likely to try it Employees who were given guidelines for AI use in the workplace were more likely to give it a go, according to a survey from the Workforce Lab from Slack. It also found that a quarter of desk workers had tried AI tools at work as of January, an increase from one-fifth of workers in September. Full Story: ComputerWeekly (UK) (2/27)
The HR Leader
You can't improve company culture without measuring it Improve your company culture by clearly defining the behaviors you expect, such as listening, communicating openly, being on time or helping others, then using a mechanism to measure them, says S. Chris Edmonds, the executive consultant with The Purposeful Culture Group. Edmonds outlines an employee survey tool to rate leaders on cultural behavior that can be used to develop improvement plans. Full Story: SmartBrief/Leadership (2/27)
About the Editor
Reflections
Kanoe Namahoe
Could pensions as a standard employee benefit be poised for a comeback? Possibly, according to our top story today. With more people struggling to purchase a home and achieve the American dream, some companies are considering a move to pension plans. IBM, which ended its pension program for new hires in 2005, is planning to reinstate them. It will be interesting to see if other employers follow suit. Could you be next? Or are your employees happy with their 401(k) plans? Let me know! And if you enjoy this brief, tell others so they can benefit also.
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