HR & Employment Trends

401(k) vs. IRA: Pros, Cons, and Comparison

The pandemic has made many of us conscious of our spending, employees included. As a result, when it comes to employees, even people who just graduated and are in their 20s are looking to save up for retirement plans. So, whether your employees belong to the near-retirement age or not, it doesn’t matter because they …

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Designing a Well-Rounded Compensation Plan

Compensation is a hygiene factor that is essential for employees. The absence of a well-developed compensation plan can have a negative impact on an employee’s motivation, thus impacting performance. With 80% of best-in-class employers offering health insurance and effective compensation reducing organizational attrition by 56%, the benefits of well-rounded compensation plans cannot be denied (Source). …

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5 Future of Work Myths to Discard in 2022

When we think about the term “future,” our imagination skyrockets to robotics and flying cars; when the word “work” is attached to the future, the term, future of work is different for everyone. Some believe that robots will take over human jobs. Some believe that soft skills will no longer be needed. Whatever the case …

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