The weak economy is forcing organizations and their employees to make some tough benefits choices. Here are eight trends to watch:
1. Employees are delaying retirement. From executives to the rank-and-file to those suffering from what might normally be career-ending ailments, more employees who were planning to retire are staying on the job.
Persuaded by deflated retirement savings, 63% of executives are planning to work longer than they expected to just three years ago, and 52% say they’ll stick around past age 64, says a poll by The Korn/Ferry Institute. About half blame the economy, and 53% say their organizations’ retirement benefits are inadequate.
In a survey by the Know My Bones Council and Harris Interactive, one in five women with postmenopausal osteoporosis is retiring later than expected even though the disease is limiting their ability to work. Nearly half blame the economy.
Tip: Knowing which retire...(register to read more)
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