Article Abstract:
The aging baby boomer generation poses financial problems for current and future workers because of the changing workplace environment. Demographic data show that economic insecurity will become a problem for aging workers, that the supply of skilled workers is short against demand, that work environments demand flexibility, that loyalty structures will change with Generation X workers, that health and technology will continue to be growth areas, and that contingent workers will become a significant factor in labor markets.
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Article Abstract:
Some tax will quite possibly be levied on pensions and other employee benefits to help balance the budget and reduce the deficit. If this happens, employers would probably prefer defined contribution to defined benefit plans as the former has employees bear investment risks. Complex accounting rules also make defined benefit plans harder to administer. Some employers would stop offering pensions and those most committed to their employees would not change benefits at all.
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Article Abstract:
Ways to improve a company's effectiveness by using a global retirement strategy are described.
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