Increasingly, employers who provide their employees with a retirement plan are relying on 401(k) and similar defined contribution plans instead of defined benefit plans. As a result, participants are paying more of the cost of managing their pension plans, which can take a substantial toll on their retirement savings.
The Bureau of Labor Statistic’s National Compensation Survey provides comprehensive measures of occupational earnings, compensation cost trends, the incidence of benefits, and detailed benefit provisions.
Face-to-face communication is becoming a lost art.
One of my favorite chick flicks is “You’ve Got Mail.” In the movie, Tom Hanks plays a character who owns a big chain bookstore and Meg Ryan’s character is the owner of a small corner bookstore previously owned by her mother.
Employers are having difficulty offering benefits due to financial constraints caused by the poor economy and escalating costs, particularly for health care, according to the Credit Union National Association’s (CUNA) 2010-2011 Credit Union Staff Benefits Survey Report.