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How Financial Wellness Programs Can Benefit Employees and Employers

Success

Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. Employers are now providing a broader suite of benefits and are increasingly recognizing the importance of financial wellness programs for employees.

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How Candidates And Managers Can Identify And Combat Age Discrimination

Allwork

More than 80% of hiring managers say that they are concerned about taking on employees 60+, or younger than 25. . According to a ResumeBuilder survey , nearly four in 10 hiring managers admit to reviewing applicants’ resumes with age bias. Challenging assignments should also be distributed evenly.

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Consulteering - A New Approach to Retirement

Small Business Labs

Work a Little, Play a Little: A New Retirement Strategy from the New York Times covers the  growing trend towards people working part-time in retirement.   The article focuses on a retired educator who has put together a portfolio of activities to meet his goal of “balancing a life of leisure with a life of purpose.”.

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The 6 Biggest Financial Mistakes to Avoid in Your 30s

Success

It could be down payment money for a home, putting [funds] toward a young child’s education or investing in retirement. A survey from Debt.com found that millennials carry the highest debt load—13% of that age group have accrued $10,000 to $30,000 in debt. However, it’s not just lifestyle creep that’s causing this growing debt.

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Want to Retain Your Team? Offer Financial Well-being Programs

Allwork

According to SHRM , 35% of HR professionals surveyed offered financial planning benefits for long-term security, such as sessions with a financial advisor on wealth management, investments and estate planning. Educational offerings. Companies can offer financial literacy programs, continuing education, webinars, and more. .

Finance 290
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Start Talking to Your Kids About Investing—Here’s Where to Start

Success

It’s essential to get started, though: According to a recent Bankrate survey , “four in 10 teenagers (41%) were not receiving any financial literacy education in school.” If appropriate, help them open an investment account in their name that you can manage together.

Finance 246
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Can COVID Booster Shots Save Your Business? 

Allwork

According to a Kaiser Family Foundation survey , less than a third intend to get the new boosters. A CDC survey from June 2022 shows that 7.5 billion California Public Employees’ Retirement System. . Educate, Incentivize, and Gamify To Promote Participation . So what should executives do?

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