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ADP Earns Prestigious Eddy Award from Pensions & Investments Magazine for Second Year in a Row by Delivering Leading Employee Education Programs

ADP Earns Prestigious Eddy Award from Pensions & Investments Magazine for Second Year in a Row by Delivering Leading Employee Education Programs

By Kristin Andreski, senior vice president and general manager of Retirement Services for ADP ADP® recently was honored with prestigious industry recognition from a leading institutional investment publication Pensions & Investments®, which chose ADP Retirement Services for the 2018 Eddy Award for Ongoing Investment Education for corporate plans with fewer than 1,000 participants. This is the second year ADP has been chosen to receive an Eddy Award. Winners were announced at Pensions & Investments’ annual East Coast Defined Contribution Conference in Miami, Florida. The Eddy Awards® is an annual recognition from Pensions & Investments that acknowledges best practices by companies who offer defined contribution plans that provide investment education to participants. It recognizes accomplishments in seven categories: Automatic re-enrollment, conversions, ongoing investment education, plan transitions, retirement health care savings, retirement preparation and special projects. ADP, through its Retirement Services business, is helping its clients address the retirement challenge by offering clients tools and information that may help their employees better manage their finances and grow more confident in their...

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Is Working Longer A Smart Retirement Strategy?

Is Working Longer A Smart Retirement Strategy?

By: Kristin Andreski, Senior Vice President/General Manager, ADP Retirement Services Are your employees saving enough to retire when they are ready? According to recent research, chances are they’re not. EBRI’s 2017 Retirement Confidence Survey (RCS) finds almost half (47%) have less than $25,000 in retirement savings. Employees know they need to save more – most (59%) believe they should be saving 20% or more of their household income to live comfortably in retirement and they acknowledge there will be consequences to under-saving. Those consequences include planning to retire later (57%) and saving more later (54%). Today, 38% of employees also expect to retire at age 70 or older. But is planning to work longer really a smart strategy? There are many great reasons to continue working during the retirement years, but a shortfall in retirement savings isn’t one of them. A Bank of America Merrill Lynch (BOAML) report indicates that employees have a number of reasons for staying in the workforce: Staying mentally active – 62% Keeping physically active...

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It’s Officially Holiday Season: 8 Mistakes to Avoid When Hiring Seasonal Employees

It’s Officially Holiday Season: 8 Mistakes to Avoid When Hiring Seasonal Employees

With winter approaching, employers in certain industries may need to hire temporary employees to help handle seasonal increases in demand. Even though seasonal employees are by definition short-term hires, cutting corners during the onboarding process can lead to long-term headaches. When hiring seasonal employees, avoid these top mistakes: #1: Waiting too long. Start early by assessing business needs and determining the number of seasonal workers you will need. Work with supervisors to make sure adequate staff will be in place and establish a plan for utilizing the additional help. #2: Relaxing hiring standards. The ramifications of a bad hire, whether temporary or full-time, can be significant. Prior to recruiting for an open position, write/review/update a job description for the position and establish the job-related criteria you will use to make your hiring decision. Vet each candidate carefully, with attention given to employment applications, resumes, interviews, references, and background checks, where applicable. Taking the time to look for quality workers can also benefit you in the future, since you’ll have...

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Growing Producer of Natural Pet Snacks, Pet ‘n Shape, Says Using ADP for Payroll, Retirement Services and Time Tracking is a Real ‘Treat’

Growing Producer of Natural Pet Snacks, Pet ‘n Shape, Says Using ADP for Payroll, Retirement Services and Time Tracking is a Real ‘Treat’

During the past decade, the number of people pursuing a natural food lifestyle has continued to multiply. Additives, dyes, biological and technological tinkering with how food is grown, processed, packaged and sold, all are being increasingly scrutinized. Foods with labels displaying a litany of unpronounceable ingredients are falling out of favor. Not surprisingly, those shoppers who yearn for the oft-touted benefits of natural, home-grown fare are extending their standards to the foods they buy for their pets. Twelve years ago, that’s the niche Pet ‘n Shape® – a California-based producer of natural, healthy dog treats and chews – set out to fill. What began as a one-man, one-car trek to retailers, trade shows and distributors in California, Arizona, and Nevada has burgeoned into a successful brand serving online and brick and mortar retail outlets nationwide. Pet ‘n Shape offers more than 40 varieties of pet treats and chews made from natural chicken, turkey, lamb, pork and beef, satisfying one of the fastest growing categories within the pet industry. But...

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And the Winner Is… ADP Retirement Services Earns Prestigious 2017 Eddy Award for Delivering Top-Notch Employee Education Programs

And the Winner Is… ADP Retirement Services Earns Prestigious 2017 Eddy Award for Delivering Top-Notch Employee Education Programs

Educating employees about financial wellness is a top priority for many of today’s human resources leaders. With so many workers concerned about retirement security, employers have a clear opportunity to step in and help. Whether it’s enabling employees to save more for retirement or learn about budgeting, financial education can potentially serve as another popular perk among a growing list of benefits that are helping companies attract and retain top talent. ADP Retirement Services is helping employers address this challenge through ongoing education programs. These initiatives offer clients tools and information that may help their employees better manage their finances and grow more confident in their financial futures. These efforts have earned ADP prestigious industry recognition from leading institutional investment publication Pensions & Investments® (P&I), which recently honored ADP Retirement Services with its 2017 Eddy Award for Ongoing Investment Education. Winners were announced at P&I’s annual East Coast Defined Contribution Conference in Miami, Fla. A list of award winners also can be found on the P&I website. The Eddy...

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