The hidden costs of employee-directed investments

Article Abstract:

In the last decade over a fifth of defined benefit pension plans in the US have been closed in favour of participant-directed defined contribution plans, of which the 401(k) plan is the most popular. Abroad too, defined contribution plans are being taken up by governments and firms, especially in the case of US multinationals' overseas subsidiaries. Governments want to cut commitment, and firms want to be relieved of open-ended liability. Employees also like participant-direct defined contribution plans as they are simple to understand, portable, suiting a mobile workforce, and employees can control their assets and have access to them, borrowing against them if necessary. Other reasons for employers preferring participant-directed defined contribution plans and the disadvantages of such plans for employees, and the need for education of employees on the subject are also discussed.

Analysis, Defined benefit plans

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Having greater access to flexible benefits improves employee retention: UK

Article Abstract:

The implementation of flexible benefits package by companies in the United Kingdom is discussed. The package offers private medical insurance, holiday, life insurance, harmonizes total compensation arrangements, meets the diverse needs of the employees and also assists in retention.

United States, Influence, Employee retention, Compensation (Business)

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International employee leasing

Article Abstract:

An explanation of the employee leasing programme in the US is presented.

Management, Professional employer organizations, Employee leasing services

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