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Key catalysts include: ;Fintech-powered recordkeeping platforms that bring low-cost scalability to small employers;; ;Positive legislative and regulatory incentives , as mandated in the Setting Every Community Up for Retirement Enhancement (SECURE) Acts ;; ;The continued growth of multiple-employer plans (MEPs) and pooled-employer plans (PEPs) that streamline administration and fiduciary oversight; and,; ;Increased awareness of individual retirement accounts (IRAs) driven by state auto-enrollment programs , prompting small employers to adopt their own qualified plans, and for those that do not, enrolling employees in state-sponsored auto-IRA programs.; Together, these developments will widen the reach of the DC system and help close the coverage gap, especially for gig-economy and small-business workers who have traditionally lacked access to formal retirement savings options. 5.

A clear and shared vision of the EVP encapsulates this strategic intent from the employee vantage point and helps set the foundation for a deliberately crafted total rewards strategy for sales.

Facebook Memo Urges Managers to Call Out Low Performers In a move that one report called “a dramatic change of tone for the social media giant [that] once set the tone for the relaxed and laid-back attitude that characterized Silicon Valley,” an internal Meta memo instructed engineering managers to report low performers to human resources.

“By being able to discuss the exact factors that contribute to an employees’ total compensation (for example, factors like tenure, skill sets or location) and the reasoning behind their organization’s salary ranges, employers will be able to thoroughly address any questions or concerns.”

“SECURE 2.0 is a potentially industry-shifting set of legislative changes,” said Mark Smrecek, senior director, retirement, at WTW.

Save Reuse Permission Student loan payments are set to resume Oct. 1, which will likely have a negative impact on millions of U.S. employees’ financial well-being after three years of pandemic-related respite from payments.

“It’s more expensive to rehire for positions versus retaining current employees,” Krisnan said, adding that organizations offering childcare resources are doing so through a personalized approach with a diverse set of options.

Save Reuse Permission Federal regulators will soon field more comments and concerns from employer and industry groups at a public hearing set for March 15 — centering on recent proposed guidance about new requirements for long-term, part-time (LTPT) employees under the SECURE 2.0 Act.

Read: The Global Compensation Puzzle A challenge may arise if systems are set up differently across business units or countries — and may be magnified if different systems are used.

To address this, the memo from Abruzzo: Set forth a proposed framework to determine the lawfulness of such provisions;;Outlined her intent to have the board prosecute and seek “make-whole monetary relief” in cases involving preexisting stay-or-pay provisions; and,;Explained the circumstances under which employers can cure preexisting stay-or-pay arrangements by Dec. 6 to avoid prosecution.; “Stay-or-pay provisions have serious potential for suppressing union organizing and other concerted activity for mutual aid or protection, including by impairing job mobility,” Abruzzo said in a news release posted on the NLRB website.