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China I s R a ising Its Retirement Age As reported by the Associated Press , China will raise its retirement age for workers starting next year in an effort to address its shrinking population and aging workforce .

Consider: ;;Current pharmacy data (spending, employee tools, user experience, etc.); ;Employee survey and focus group data.; ;Current PBM contract terms, fees and transparency requirements.;; ;🗹 Define the core purpose of modernizing (better employee experience, improved health outcomes, reduced costs, etc.).;🗹 Align the new strategy with business goals.

Strategic workforce planning is another potential area for more skills development, said the experts.

Understanding where you have competitive advantage in terms of your workforce — and the areas where you are susceptible —is critical to overall business survival in the short term and to a company’s success in the long term.

Of the more than 6 million general workforce tests that Quest screened for marijuana in 2022, 4.3% came back positive, up from 3.9% the prior year.

Elon Musk Clarifies Tesla Layoffs On Tuesday, Tesla CEO Elon Musk said the company would reduce its salaried workforce by 10% in the next three months, while at the same time growing the number of hourly employees, according to a CNBC report .

California Democrats introduced the bill earlier this year after a number of recent corporate experiments with a four-day workweek.

Access an additional Workspan Daily article on this subject: ;How to Tackle Merit Increases When Part of Your Workforce Is Maxed Out; Access a bonus Workspan Daily Plus+ article on this subject: ;Concerned About Red-Circling?

How AI Is Reshaping Jobs, the Workforce , Workspan Magazine article; ;From Jobs to Skills to Outcomes: Leading the Evolution in TR , Workspan Magazine article; ;Utilize Soft Skills to Foster Respect at Work , Workspan Daily Plus+ article; ;HR & Total Rewards AIntelligence Lab , tool; When your retirement plans and financial security are on the line, artificial intelligence (AI) tools can spit out the “best” asset allocation and time horizon, but they may not consider your unique goals, health and family factors, or risk tolerance.

;Point workers toward specific experiences, education and training to help develop certain skills.; “Don’t wait until you’re adjudicating performance to build in skills,” said Paul Reiman, founder and managing partner at Novo Insights.