To gauge your retirement preparedness, you may compare your 401(k) balance to other savers’ progress. But you might find people in your field are a better comparison point than those in your age group. Recent data from Fidelity finds that 401(k) plan investors on the firm’s platform had a $125,900 average 401(k) balance in the … Read more
Ezra Bailey Ezra Bailey | Stone | Getty Images With burnout prevalent in the workplace, some employers are considering mandatory vacation, full office shutdowns and other ways to get workaholic employees to take a break. Only a small number of employers today — 8.7% — require workers to take a minimum amount of vacation, and … Read more
People walk through the Canary Wharf financial district of London, Britain. Simon Dawson | Reuters The U.K. has a serious problem. Only 10% of U.K. workers were found to be feeling engaged with their jobs, according to Gallup’s new State of the Global Workforce 2024 report, with the country trailing behind the U.S. and several … Read more
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023. Brendan McDermid | Reuters Companies are increasing access to new blockbuster weight-loss drugs for employees, but size of employer may make a big difference in early access. Small businesses and their workers are often stuck … Read more
Aleksandarnakic | E+ | Getty Images You may be saving more money for retirement and not even know it. An increasing share of employers are automating how people save in their company 401(k) plans, in a bid to overcome the inertia that often keeps us from building a nest egg. “Automatic escalation” — or auto-escalation, … Read more
Paid leave for prenatal care is poised to become a national women’s health initiative. That’s now that New York has become the first state to mandate a standalone entitlement to paid prenatal leave. In April, New York Governor Kathy Hochul signed an amendment to New York labor law to require employers to provide up to … Read more
When you receive equity compensation from an employer, it typically requires a comprehensive financial plan — and restricted stock units are no exception. In 2000, only 20% of public companies granted restricted stock or restricted stock units, primarily for senior executives or higher, according to the National Association of Stock Plan Professionals. That percentage, however, has jumped to … Read more
Morsa Images | E+ | Getty Images If you work for a publicly traded company, you may have access to discounted company shares via an employee stock purchase plan, or ESPP. While the benefit can be valuable, you need to know the rules and risks before opting into your company’s plan, financial experts say. In … Read more
As more employees seek ‘green’ perks and more companies return to pre-pandemic office work, commuting is a likely place to focus efforts to embed climate change within workplace benefits culture. Jeff Greenberg | Universal Images Group | Getty Images More workers in today’s labor market want to take action on climate change in some way … Read more
Chipotle and Walmart have been among the movers in the universe of big U.S. corporations when it comes to raising pay and offering debt-free college tuition assistance to large, low-wage workforces. Now, they’re sharing another tactic the companies say will have a long-term payoff for employees: publicly traded stock splits. In a rapidly rising stock … Read more
