A Retirement Savings Worksheet: Crunching the Numbers
If you are nearing retirement or just beginning to plan for it, you may be surprised to learn that you may need 60% to 80% of your annual income in order to maintain your current lifestyle in retirement. Many variables can affect your retirement savings goals, including where you want to live and the activities you plan to pursue. So, how do you determine the amount you may need for reti...
Stay Flexible to Succeed in a Tight Talent Market
In September, the Bureau of Labor Statistics—the arm of the federal government that tracks employment—revealed something astonishing about the state of the US economy. Businesses had nearly 7 million job openings. At the same time, across the country, fewer than 6.3 million people were available to fill them. In other words, as anyone running a business knows, the labor market is tight. ...
Salary Budgets Show Signs of Increasing in 2019
As the labor market tightens, U.S. salary budgets grew by more than 3% for the first time in four years in 2018, according to the results of a global survey on salary budget trends released by human resources consultancy WorldatWork. The survey, which was conducted in April 2018, collected data on nearly 15 million workers employed in a wide range of organizations and industries across 1...
Unemployment is at Historically Low Levels
But it’s easier to get into Harvard than get an administrative assistant job On Friday, September 7th, the United States Department of Labor released the “Employment Situation” report and there were some fascinating and quirky data points. Let’s examine a few: Historical Numbers The unemployment rate in the United States averaged 5.77% from 1948 until 2018 The unemployment rate reached a...
