By on May 11, 2016 in Employee Benefits |

Each year the Equal Employment Opportunity Commission (EEOC) collects data on the race, ethnicity, sex and job category of private sector employees. The data is then provided to the Office of Federal Contract Compliance Programs (OFCCP) at the Department of Labor.Employers with 100 or more employees—or those with fewer than 100 if the company is owned or affiliated...

By on Apr 5, 2016 in Employee Benefits |

Life expectancy is increasing, Social Security benefits are shrinking, and a recent study shows that 54 percent of Americans have too little saved to ensure an adequate income stream after they collect their last paycheck. Given these facts, you’d expect more of your workers’ New Year’s resolutions to focus on retirement—but that’s not the case. According to the New...

By on Mar 22, 2016 in Employee Benefits |

The number of women working in American businesses is continually increasing. According to data from the Bureau of Labor Statistics (BLS), the U.S. workforce was only 38 percent female in 1970. The most recent numbers show women now make up 47 percent.  Whatever your company’s industry, they likely account for a sizable portion of your staff as well. And while...

By on Jan 25, 2016 in Employee Benefits |

A successful business and a competitive employee benefits package go hand in hand; you’ll rarely find one without the other. Not only do generous perks attract more job candidates to your company, they also help you minimize employee turnover, improve morale and increase productivity. But don’t stop at paid time off and a 401(k) plan. Consider these voluntary...

By on Jan 12, 2016 in Employee Benefits |

A required minimum distribution, or RMD, is the minimum amount one must withdraw from an IRA or retirement account each year. RMDs typically kick in after the owner of the account turns 70.5, and if your company offers any sort of employer-sponsored retirement plan (including profit-sharing plans, 401(k) plans, 403(b) plans and 457(b) plans) you could face serious...

By on Dec 22, 2015 in Employee Benefits |

  Retirement concerns are on the minds of many Americans. According to the National Institute on Retirement Security, a non-profit research and education organization that recently conducted a survey on the subject, 83 percent are concerned that current economic conditions will affect their retirement. Additionally, 70 percent believe it is harder to retire today...