Written for Bolton by Anirban Basu, Economic Advisor to BoltonFor a time, debate regarding whether or not America had succumbed to recession was raging. On July 28th, the Bureau of Economic Analysis revealed in an initial estimate that real U.S. gross domestic product declined 0.9% on an annualized…Continued
To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after Jan. 1, 2023. Employers should review their plan documents to confirm that they include these required changes.…Continued
No one will argue that retention is a big issue for all employers these days."Turnover can be one of the most expensive problems at a company."-Shawn AchorThe statistics are staggering.Since the beginning of 2021, about 3% of the workforce has quit their jobs every month. This is the high…Continued
Written for Bolton by Zack Fritz, Economic Advisor to BoltonBoth domestic and global economic forecasts continue to be revised lower as risks continue to materialize. In July, the International Monetary Fund revised their forecast for 2022 global economic growth to 3.2%, down from the 3.6% rate of …Continued
Human resources and the compensation function are no different from other critical aspects of an organization when it comes to the technological enhancements being made to operational and management processes. Beyond the sophisticated integration of HR processes and modules into enterprise resource…Continued
On July 6, PBGC released additional guidance on implementing the Special Financial Assistance (SFA) program of the American Rescue Plan Act (ARPA). The Final Rule provides additional clarity on aspects of the SFA program initially defined in an Interim Final Rule (IFR) and how PBGC will administer …Continued
