Inflation drops to lowest point in more than 2 years at 3 percent
By
Kathleen Steele Gaivin
Jul 14, 2023
At 3%, the inflation rate reached its lowest point last month since March 2021, according to the Bureau of Labor Statistics. That’s a full percentage point lower than the 4% reported in May.
Hiring bias from AI-powered selection tool costs company $365,000 in settlement
By
Kathleen Steele Gaivin
Aug 16, 2023
The Equal Employment Opportunity Commission last week settled its first-ever lawsuit involving alleged age discrimination through the use of artificial intelligence tools in the hiring process. The result...
Balancing costs, benefits a challenge in recruiting, retaining workers: survey
By
Kathleen Steele Gaivin
Jul 14, 2023
Battling increasing costs while investing in employee benefits often is a balancing act in the recruitment and retention of employees, according to the results of a survey from London-based global advisory,...
Caregivers more financially burdened, less prepared for large emergency expenses
By
Kathleen Steele Gaivin
Dec 19, 2023
Caregivers are more likely to be burdened by finances and less likely to be prepared than noncaregivers for large emergency expenses, according to data from the Employee Benefit Research Institute.
68 percent of pre-retirees say they will not be able to retire as planned at 65: survey
By
Kathleen Steele Gaivin
Apr 16, 2024
Sixty-eight percent of workers aged 55 to 65 years participating in a new survey said they are facing the reality that retiring fully or comfortably at 65 is more or less a pipe dream, with 41% planning...
Older women workers face significant financial hurdles: report
By
Kathleen Steele Gaivin
Jan 31, 2024
Women aged 55 or more years face significant financial hurdles, according to a recent report from the Center for American Progress.
Workforce mental health needs increase for most large employers: survey
By
Kathleen Steele Gaivin
Aug 24, 2023
Seventy-seven percent of large employers reported an increase in workforce mental health needs in a recent survey by Business Group on Health. That’s an increase of 33% from a year ago, when 44% of employers...
Immigration a possible answer to ‘demographic drought’ draining state’s workforce
By
Kathleen Steele Gaivin
Sep 19, 2023
A “demographic drought” brought about by an aging population, increasing retirements, declining fertility rates and lower immigration rates is threatening Minnesota’s workforce in general and in...
USCIS increases immigration and naturalization fees for first time in 7 years
By
Kathleen Steele Gaivin
Feb 01, 2024
Employers will pay higher fees to submit petitions for workers and to sponsor employees for permanent residence under a final rule published Tuesday by US Citizenship and Immigration Services.
Retirement savings, future of government programs worry women: survey
By
Kathleen Steele Gaivin
Apr 18, 2024
Women aged 25 and older are concerned about whether they will be able to afford future health costs and retirement, according to the results of a survey by the National Council on Aging and Women’s Institute...