Remove 2022 Remove 401(k) Remove Employee Benefits Remove Profit Sharing Plan
article thumbnail

Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

In 2022, the U.S. employees quit their jobs in a year, indicating an average of 4.2 With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. million U.S. million each month.

article thumbnail

Defined Benefit vs. Defined Contribution: Choosing the Right Retirement ProgramĀ 

HR Professionals Magazine

In general, defined benefit (DB) plans come in two varieties: traditional pensions and cash-balance plans. defined contribution (DC) plans include 401(k) plans, 403(b) plans, employee stock ownership plans, and profit-sharing plans. Examples of.

401(k) 40