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Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

Allwork

Financial wellness programs can help alleviate financial stress and improve overall employee well-being by providing education, resources, and tools for effective financial management. They offer strategies for asset allocation, compounding interest education, and guidance on navigating retirement accounts such as 401(k) plans and IRAs.

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How Candidates And Managers Can Identify And Combat Age Discrimination

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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. Perhaps most crucially, promotions and raises should be based on performance, not age. .

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Dry promotions: Definition, considerations, and guidelines for employers

BMT Office Administration

Getting a promotion is an exciting event for employees. However, some of that excitement is probably due to the pay raise that they expect will come with the promotion. But sometimes employers offer promotions without an increase in pay, a growing phenomenon called dry promotions. What is a dry promotion?

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Breaking Barriers: How to Challenge Age Stereotypes In the Workplace

Success

Its ripple effects are especially felt among professional female managers and employees. It wasn’t because I wasn’t ready—I consistently received positive feedback from managers and colleagues. As a manager, encourage women who are younger. What is ageism? Your time will come.”

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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. Mahoney says managing lifestyle creep and navigating inflation is a matter of putting your money where your values lie. -based founder and CEO of Illumint, which specializes in financial planning for millennials. “It

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4 Ways To Financially Support Your Employees (Other Than Raises)

Allwork

Other financial wellness benefits like student loan repayment assistance, financial education resources, retirement savings plans, and health savings accounts do more than merely provide employees with access to capital. Employee loan programs are another kind of debt management resource.

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How to Choose a Robo-Advisor

Success

Knowing what you’re saving for—whether it’s retirement, college education for your children, a down payment on a house or all three—can help you understand your risk tolerance, timeline and other factors required to invest successfully. Determine your goals. What kind of accounts are provided?