Remove 49-of-staff-changed-retirement-plans-due-to-cost-of-living-crisis
article thumbnail

49% of staff changed retirement plans due to cost-of-living crisis

Employee Benefits

Almost half (49%) of working adults have changed their retirement plans because of the cost-of-living crisis , according to new research by the Pensions Management Institute. Just 30% believed that the state pension will be more than half of their retirement income.

article thumbnail

The top 10 most-read articles between 23 – 29 February 2024

Employee Benefits

The top 10 most-read articles on employeebenefits.co.uk The top 10 most-read articles on employeebenefits.co.uk

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Companies Expected To Consider Caregiver Needs in Post-Pandemic Plans

Abel HR

Asked again once the pandemic hit, one in three survey respondents reported that they had become a caregiver “overnight” in the wake of the Covid crisis, with these caretakers carving out about 14 hours a week. Further, data from the Family Caregiver Alliance suggest that employers spent an additional $13.4

article thumbnail

Financial Wellness Benefits: Employers are the Employee Financial Lifeline

UpstartHR

According to this article from the Washington Post, approximately one-third of your employees are living paycheck-to-paycheck. In other words, without this week’s paycheck coming in, the employee and their family would be in an immediate financial crisis. The first response for many leaders is, “Yeah, so what?”

401(k) 45
article thumbnail

What will the top reward trends be in 2023?

Employee Benefits

The cost-of-living crisis and looming recession has led to a stronger focus on support which will follow into the new year, with some employers looking at cost-effective options. Due to the struggle for talent and the rising costs of living , pay awards are expected to be higher next year than in recent years.

Pension 64