How Employers Can Curb a ‘Hidden Workplace Epidemic,’ Save Money and Boost Productivity

Every day, 60 people die from opioid pain medications in America. That’s 22,000 people every year. Opioids are being overprescribed and they’re now the #1 cause of unintentional death in the United States. Not surprisingly, this “hidden epidemic” is impacting businesses. The National Safety Council has recommendations on what employers need to do. Read on for details.

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Can You Keep a Secret?

M any people are unaware of how much of their personal and financial information is floating around on various consumer lists, which may leave them vulnerable to fraud and identity theft. So, what can you do to help protect yourself? Don't give out personal or financial information—including your date of birth, Social Security number, employment information, and your maiden name or your mother's maiden name—to telemarketers or solicitors. Avoid listing income and work-related information on product registration and warranty cards. Be secretive about passwords or personal identification numbers (PINs) on bank cards, telephone cards, and cell phones. Don't use your Social Security number as your driver's license number. You may be able to request a different number if this is a common practice in your state. Only use web sites that offer secure connections when making online purchases. Following these common-sense steps may help you protect your personal inf

Assessing Your Retirement Resources

H ow resourceful can you be during your retirement? Determining where your retirement money will come from is an integral part of planning for retirement. Most people draw on three main sources of income: Social Security , employer-sponsored plans , and personal retirement savings . Each offers important resources that can help you fund the lifestyle you seek in retirement. Social Security Social Security offers a retirement benefit to workers and their spouses. You can start receiving benefits as early as age 62 (considered early retirement) or wait until you reach the full retirement age of 65 to 67 (depending upon your year of birth). The benefits you receive are based on the income you have earned over the course of your life, subject to a maximum amount. You can calculate how much you can expect to receive by visiting the Social Security Administration (SSA) website at www.ssa.gov . Social Security benefits will most likely fall short of meeting all of y

ESOPs – Giving Employees a Stake in the Company

P rofit-sharing plans have long been popular with employees because of the opportunity they provide to share the profitability of a growing firm. Many business owners look beyond shared profitability to shared ownership through employee stock ownership plans (ESOPs). ESOPs are essentially "defined contribution" benefit plans. However, unlike most defined contribution plans, ESOPs invest primarily in the sponsoring company's stock. This can help motivate employees, since they have an ownership stake in the company and may directly benefit from an increase in value of the company's stock. On the other hand, the level of benefits paid to plan participants is not guaranteed, and employer contributions to the ESOP can vary. How They Work The amount of employer and (in rare cases) employee contributions, company profitability, and administrative expenses of the plan determine the level of benefits received by participants. Employer contributions are allocated to indi

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