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Key Takeaways ;Trump Pitches New Retirement Plan for Workers Without 401(k)s; ;Research Identifies Three Cracks in Global Labor Market; ;Employers See Need for Enhanced Benefits That Address Major Life Events; ;Michigan Bill Aims to Install AI Guidelines for Employers;Novo Nordisk to Lower Costs of its GLP-1 Medications;Largest New York City Nurse Strikes Ends After 41 Days; ;Figures and Facts of the Week; Trump Pitches New Retirement Plan for Workers Without 401(k)s Private-sector workers who do not have employer-sponsored retirement plans could be able to enroll in a new plan modeled after one offered to federal workers starting next year, U.S.

If you are going to age the data (to bring data from all sources to a common date), make sure you use an industry standard for the year(s).

., Thau, S., & Schaerer, M. (2023).

Novartis and Costco also empower employees to engage in decision making, according to Bain & Co.’s First.

Check out Workspan Daily ’ s on-site coverage of Total Rewards ’26: There Is a Distinct Power in Knowing What Matters to Your Workers;WorldatWork, HRCI Leaders Kick Off Program Exploring Work’s New Era;Why Bravery Is a Formal Habit HR Pros Need to Build and Lean Into;Cha-Ching: How to Transform HR into a Profit Center; Check out Workspan Daily pre-conference coverage on Total Rewards ’26: To Enhance Employee Experience, Lean into Integrity, ‘Radical Honesty’; ;Conference Session Takes Community Approach to Solving HR Problems; ;BIG Ideas: Learn How to Get the Most Out of a Small HR Budget and Team; ;Recognize that Employee Recognition Needs Some Attention; ;Hard Choices, Soft Solutions: A Considerate Approach to Compensation;Are You Speaking Gen Z’s Language When It Comes to Total Rewards?

Benefits to Blue-Collar Workers Leave programs are beginning to become more prevalent in lower-wage industries in the retail and service center, as illustrated by Publix Super Markets Inc.’s December announcement of parental leave benefits.

They may require restructuring of the firm, as ESOPs are only available to corporations (C or S) and not partnerships (limited liability company or limited liability partnership).

Joe Ryle, the director of the 4 Day Week campaign, welcomed the proposals as a step toward reducing the U.K.’s overall working hours.

An ‘Unsustainable’ Challenge Sixty-one percent of people who are family caregivers work full- or part-time, according to a 2024 AARP/S&P Global study .

.; ;50% can’t explain the intricacies of 401(k)s, HSAs or flexible spending accounts, or how these benefits work.; ;While employers annually spend an average of $16,501 per employee on health coverage, only 10% of employees understand that value; 25% believe their employer spends only $1,000 a year on their health benefits.; ;40% of employees don’t recognize health insurance as part of their total compensation, while 48% don’t consider 401(k) or 403(b) plans — and 68% don’t see supplemental insurance — as a component of their compensation.; “This lack of awareness and perceived irrelevance leads to underutilization and lost value — not just for the employee but for the employer footing the bill,” Liebel said.