article thumbnail

IRS Releases 2021 Limits for Retirement Plans, FSA, Transportation Benefits

Namely - Talent

The IRS has announced the changes to the dollar limits on benefits and contributions under qualified retirement plans, as well as other items, for tax year 2021 [ Notice 2020-79 , 10-26-20].

article thumbnail

IRS, SSA Adjust Benefits Thresholds for 2021

Recruiting Daily Advisor

Employees will be able to contribute up to $2,750 to a health flexible spending account (FSA) in 2021, the same as in 2020, the Internal Revenue Service (IRS) announced in Revenue Procedure 2020-45. However, changes were made to certain other benefits thresholds and limits. 214,520 in 2020. Social Security Adjustments.

Benefits 111
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Things HR Leaders Should Watch for in 2021

ClearCompany Recruiting

ClearCompany breaks down 5 key trends in #HR that #leaders can expect in 2021: No matter which industry you consider, HR is right in the middle of the changes impacting workers. Transport and logistics are seeing hiring surges, much like e-commerce. ClearCompany helps you prepare for 2021 with these 5 key #trends in #HR to adopt: 4.

article thumbnail

Employers Prepare for the Future: Hiring Expected to Pick Up for Q2 2021

Recruiting Daily Advisor

With the roll out of the American Rescue Plan comes renewed hope for increasing headcounts in the second quarter of 2021. The latest ManpowerGroup Employment Outlook Survey reveals that hiring outlooks continue to improve for the second quarter of 2021, according to more than 7,500 U.S Source: zakokor / iStock / Getty Images.

article thumbnail

Boost Employee Retention Rates with 5 Actionable Tips

ApplicantStack

Providing Access to Flexible Schedules A Pew Research Study in 2021 found that 45 percent of people who quit a job in 2021 cited “not enough flexibility to choose when to put in hours” as their reason. To be sure, 2021 was a unique time in the world’s history, but for many workers, a flexible work schedule became non-negotiable.

article thumbnail

Cash Bonuses Are on a High to Hang Onto Talent

BountyJobs

To better support employees, Deloitte is investing more than $1 billion in compensation and benefits. In addition, benefits such as a $1,000 well-being subsidy and 15 paid holidays in 2022 are included in the investment. Seasonal jobs saw a decrease of 7.5%, with transportation and seasonal warehouse jobs showing a decline of 8.4%

article thumbnail

Wages, Employee Retention and Benefits Align to Create Recruitment’s “Perfect Storm”

Recruiting Daily

Fast forward two years, with businesses now working hard to retain their staff and offer competitive benefits and wages as they face a trifecta of issues: the pandemic, inflation and unfulfilled jobs. The Great Resignation began almost a year ago, in April 2021, when 3.8 The Great Resignation or the Great Upgrade?