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While the gap shifts based on age, race and other factors, the harsh truth is, when planning for retirement, most women have to work harder to save the same amount as men. While we work on changing this reality for our daughters, women can also take steps now to ensure they’re ready for whatever comes their way in retirement.
Employers offering a range of financial support options — such as retirement planning workshops, debt management counseling, and savings incentive programs — can lead to a more stable, productive, and health-conscious workforce. businesses approximately $40 billion in lost productivity in 2022 alone. Here are some options: 1.Retirement
Debt is a normal part of most people’s personal finances—according to the Consumer Credit report released by the Federal Reserve, in February 2022 Americans had $4,481 in debt on average. It is no secret that the gender wage gap continues to persist in 2022. It’s not inherently bad. Get paid what you’re worth.
The rate of inflation, or measure of price increases, hit the highest level in more than 40 years in 2022. Inflation likely peaked in 2022, but will probably come down only gradually in 2023—and may not get back to pre-pandemic levels by year-end, Horneman says. Plot smart career moves in a slower economy.
According to the Bureau of Labor Statistics , the number of “job losers and persons who completed temporary jobs” remained at about 2,800 in March, April and May 2022. According to the Census Bureau , over 420,000 business applications were filed in May 2022 alone. You don’t need to be a genius at negotiation or a whiz at numbers.
According to McKinsey’s 2022 American Opportunity Survey , 36% of employed respondents (equal to 58 million people) were independent workers, a figure that included gig workers and freelancers. They need to be good at negotiating, too, so they can earn the fees they deserve and manage client expectations.
workers remain confident in their ability to negotiate higher pay. employers offering key benefits like health insurance and retirement contributions. Despite this, U.S.
A key sticking point in the negotiations for a new six-year labor contract is automation. “We The BCMEA and ILWU Local 514 have been negotiating on an industry-wide basis since November 2022. The workers and port operators agreed to extend their contract to Jan. 15, 2025, while talks continued.
Important Changes to Know About The Consolidated Appropriations Act of 2023 was signed into law in December 2022, and it’s collectively referred to as SECURE 2.0 – an update to the SECURE Act from 2019. encourages employers to provide retirement plans by offering tax incentives and credits. How does it do that?
An alarming 83% of employees would consider leaving their current employer due to a lack of focus on wellbeing, signaling that wellbeing remains non-negotiable and may be an employment dealbreaker. This is consistent with 2023’s result of 87% and up from 68% in 2022.
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