Employee Outcomes

3 Tactics to Combat the “Great Resignation”
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
During the pandemic, workers quit their jobs in record numbers across the U.S. According to the Bureau of Labor Statistics (BLS), four million employees (2.7%) resigned their positions in April 2021, the largest number ever recorded since the BLS began tracking the metric in 2000. This mass exodus has been dubbed “the great resignation,” and  Read More →
Beneficiary of Unintended Consequence
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary GovernanceComments are off for this post
Upon becoming eligible to participate in your organization’s retirement plan, participants are asked to select a contribution rate, their investments, and to indicate a beneficiary designation. It may seem obvious that designating a beneficiary would be a mandatory step of the enrollment process and for many plan providers, it is. What is often less obvious,  Read More →
Measuring Financial Wellness
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Establishing financial wellness metrics has become increasingly important over the past year. The COVID-19 pandemic has created economic hardships for many American families, depleting emergency funds for some, and forcing others to take on additional debt to cover necessary expenses. At work, the resulting stress can lead to increased absenteeism, decreased productivity, and greater health  Read More →

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