What do today’s college graduates expect from their workplaces? According to Accenture Strategy’s 2017 report, Gen Z Rising, 94% of the class of 2017 expect to find a job in their field of study, 97% expect to need training to further their careers, and 69% expect to earn more than $35,000 per year.
Slightly more than 6.2 million individual income tax returns had adjusted gross income (AGI) of more than $200,000 for 2014, according to data released in the IRS’s summer 2017 Statistics of Income Bulletin. The number of returns with AGI above the $200,000 threshold increased 12% from 2013 and accounted for 4.2% of all returns for 2014.
Recent data from a Bureau of Labor Statistics publication sheds some light on employee participation rates in defined contribution plans by plan type, by employee occupation, and by region of the country. Beyond The Numbers, December 2016, reveals that in 2015, 74% of private industry workers participating in a defined contribution plan participated in savings and thrift plans, 19% participated in a deferred profit sharing plan, 16% were in a money purchase pension plan, 4% were in an employee stock ownership plan, while 3% participated in a SIMPLE plan.
A recent study published by the Federal Reserve Bank of New York, Valuing Workplace Benefits, found that having access to workplace benefits is associated with a significantly — economically and statistically — lower reported likelihood of leaving a job. It found that the availability of sick leave reduces the chance of the respondent leaving a job by 6.5%.
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