Q2 2022 Newsletter: Current Trends + Projections Edition

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Bjork Group-Sean Bjork-Current Trends and Projections

Over the last few years, employees’ mindsets have changed, shifting to wanting more than just a raise every year.
Employees want a total rewards package that includes everything from a retirement plan to financial wellness and more work-life balance flexibility.

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VIdeo | Retirement Savings and Inflation

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Bjork Group-Sean Bjork-Inflation and Retirement Savings

Employers can learn to adjust to the demands of inflation by working closely with retirement plan advisors. Here are a few good reasons to work with an advisor to understand inflation while still helping your employees prepare for retirement and work towards financial wellness.

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10 Top Employee Total Rewards Trends to Watch in 2022

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Bjork Group-Sean Bjork-Top Employee Benefits

There is no denying that the past couple of years have dramatically changed the workforce. COVID-19 changed what employees want in their benefits package while employers are changing with the times and considering new perks to remain competitive.
Here are the 10 top trends for 2022 to help your employee benefits stand out from the competition.

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Employees Want Paychecks for Life: Pros and Cons of Guaranteed Lifetime Income

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Bjork Group-Sean Bjork-Guaranteed Lifetime Income

Annuities and similar products may help address retirement readiness in an aging workforce

People are living longer, which means they may need their retirement savings to last decades. As a result, nearly half (48%) of participants are concerned about outliving their retirement savings. Many Americans don’t know how to transform their savings into retirement income.

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Video: Building Turnover Resistant Benefits

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Bjork Group-Sean Bjork-Turnover Resistant Benefits

If you’ve noticed that recruiting and retaining is becoming more difficult by the day, you’re not alone.
Note that 66% of employees have their foot out the door. Why? 

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Participant Infographic - Cybersecurity: Protect Your Retirement Savings

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Bjork Group-Sean Bjork-Retirement Savings Cybersecurity

With trillions of dollars in America’s retirement savings plans, your employee’s hard-earned savings are not immune to cybercriminals. Hackers are getting smarter every day, and all they need to drain an account is a name, SSN, date of birth, address and social media intel.

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Blog Article 3: Diversity, Equity and Inclusion and its Impact on Retirement Plans

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Bjork Group-Sean Bjork-DEI Impact

Today’s workforce spans a variety of abilities, skills, experiences and cultural backgrounds that bring exceptional value. It is beneficial to understand and recognize these differences to achieve exceptional results. This remains true when offering, communicating and promoting your company’s retirement plan. 

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Plan Sponsor Guide: Guide to Understanding DOL Audits

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Bjork Group-Sean Bjork-Understanding DOL Audits

DOL Audits happen, are you prepared?

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