Human Resource

The presentation impart commence by way of 2 anecdotes demonstrating the two faces of retirement : star seening on play , look for , reading and swimming but ending up working(a) part cartridge holder and placetering and tinkering the informality of the time for the rest of his backup man , and the other externalisening on finding another(prenominal) full time job but ending up recreational activities or else . The point after the anecdote would be made limpid . Working life and retirement life are not two distinct phases (one drudgery and one pleasure . some(prenominal) require a great look at of perspective and a great deal of platformning . This is where the treatment of the 401 (k ) visualise will begin . It will be explained to the employees that a 401 (k ) plan is basic eachy a savings investment intentiona l to profit their retirement days in which the employer usually matches the criterion the employees put in (Bogosian and lee side , 2002It will also be stated that 401 (k ) plans are not the same for each fellowship , so the employees should not be confused as to because the company rules are different from the others . However , all these plans swallow the regulations created by an act of Congress . It would be made exonerate that with this particular company , 401 (k ) contributions are automatically deducted from employees collapse frontwards the property foot be spent . Should the employees finally decide to participate in a 401 (k ) and elect a country of their salaries to contribute (within the allowed limits set by law and by the plan , the money will be contributed through payroll minus .

Major advantages that would be discussed would include the liberty to exert more than or less control over how the saved money would be invested (subject to some(prenominal) constraints , and receive the risk and reward for those investments (Mitchell and Utkus , 2004 . It would also be explained that commit in the plan would also reduce the employees revenue history (Weinstein , 2001 ) because in such a plan , employees will pay no tax on the amount the employer puts in , and all the money is tax-free when it is taken out , which can be when the individual employee quit , or is fired , or is older fifty nine and a half (Robinson , 2000WORKS CITEDBogosian , W Lee , D (2002 . The Complete Idiot s Guide to 401k Plans capital of Wisconsin , Wisconsin : CWL create EnterprisesMitchell , O Utkus , S (Eds (2004 . Pension De sign and organize cutting Lessons from Behavioral Finance . Oxford , England : Oxford University bundleRobinson , J (2000 . Shortcuts to Success . Conari Press : Berkeley CaliforniaWeinstein , G (2001 . J .K . Lasser s Winning with your 401 (k . Canada John Wiley SonsHuman Resource varlet 2...If you necessitate to get a full essay, order it on our website: BestEssayCheap.com

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