Magazine article Workforce Management

Special Issue: Benefits

Magazine article Workforce Management

Special Issue: Benefits

Article excerpt

IF THERE ARE ANY CONSTANTS in a benefits manager's life in 2012, they are change and uncertainty.

There was a time when the transition from employee to retiree was marked with a handshake and a gold watch as well as the comfort of knowing that a pension was there to ease you into your golden years with financial and medical support.

Today, those simpler times appear to be gone for good. Employees are more mobile, rarely staying at one company for very long. And employers are less paternalistic, shifting the lion's share of responsibility for retirement to the employee in an effort to cut costs.

But the move from traditional pensions to 401(k) plans has created new problems for employers and employees. Workers crave more financial security, and employers want to attract top talent and make it possible for older workers to retire rather than cling to jobs out of necessity.

This special issue dedicated to benefits offers an in-depth look at the complex retirement issues faced by employers and their workforce. …

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