Talent Retention With Lower Wages

Geography: United States Research Source: SHRM —Date: October 2015 —Findings: 36%of survey respondents said their organization had difficulty retaining current employees at all levels in the past year, a significant increase from 2013 (26%) and 2012 (25%). 33% said their organization leveraged their benefits program to retain employees, up from 18% in 2013 and 20% in 2012. Recommendations: Companies […]

Gender Gaps In Financial Wellness

Geography: United States Research Source: Financial Finesse —Date: October 2015 —Findings: 95% “purchasing power” gap of  between men and women in terms of extra dollars needed to fund retirement expenses. 26% Gender Gap in Retirement Shortfall for Median 45-Year-Old Employees. 67% women, 84% men are confident in their financial decision-making than women in general investment knowledge Recommendations: The financial wellness […]

Baby Boomers Are Confident About Retirement Plans

Geography: United States Research Source: PwC —Date: July 2015 —Finding: 43% of employees are confident they’ll be able to retire when they want, compared to 40% in 2014. 53% of Baby Boomers plan to retire within the next five years. 55% of those Baby Boomers know how much income they will need in retirement. 53% of […]

Retirement Predictions By Generation

Geography: United States Research Source: PwC —Date: July 2015 —Finding: 51% of Baby Boomers are confident they will be able to retire when they want, compared to 48% in 2014 and 37% in 2013. 38% of Gen X are confident they will be able to retire when they want to, compared to 32% in 2014 and […]

Top Concerns Among Employees Have About Retirement

Geography: United States Research Source: PwC —Date: July 2015 —Finding: 43% of employees are most concerned with running out of money during retirement. 32% are concerned about healthcare costs, 26% are concerned about not being able to maintain standard of living and health issues, and 17% are concerned about not being able to meet monthly expenses. […]

Reasons Why Employees Are Delaying Retirement

Geography: United States Research Source: PwC —Date: July 2015 —Finding: 51% of employees are delaying retirement because they haven’t saved enough, compared to 60% in 2012. 28% are delaying because they prefer working or are not ready for the lifestyle change. 19% need to keep their healthcare coverage and 18% have too much debt and retirement […]

Employees Are Withdrawing Money From Retirement Funds

Geography: United States Research Source: PwC —Date: July 2015 —Finding: 77% of employees are currently saving for retirement. 84% of Baby Boomers, 77% of Gen X, and 66% of Gen Y are currently saving for retirement. 23% of employees have already withdrawn money held in retirement plans and 35% think it is likely they will do […]

Fewer Employees Plan To Retire Later Than Expected

Geography: United States Research Source: PwC —Date: July 2015 —Finding: 36% of employees plan to retire later than they previously planned, compared to 53% in 2012. 48% of Baby Boomers, 35% of Gen X, and 22% of Gen Y plan to retire later than previously planned. Recommendations: Less employees are retiring later than they expected. The […]

All Generations Are Withdrawing Money From Their Retirement Funds

Geography: United States Research Source: PwC —Date: July 2015 —Finding: 21% of Baby Boomers have already withdrawn money held in their retirement plans to pay for other expenses other than retirement, compared to 26% in 2013. 28% of Gen X have already withdrawn, compared to 30% in 2013. 15% of Gen Y have already withdrawn, compared […]

Retirement Fund Withdrawal Predictions By Generation

Geography: United States Research Source: PwC —Date: July 2015 —Finding: 30% of Baby Boomers think it’s likely they’ll need to use money held in retirement plans for expenses other than retirement, compared to 20% in 2013. 40% of Gen X think it’s likely, compared to 36% in 2013. 34% of Gen Y think it’s likely, compared […]