Bottom line: to save money. Also, a lot of companies are deciding that pensions with their back-loading in favor of long-service employees are not strategically a good compensation/retention tool for today's much more mobile workforce. Companies generally feel they ways to spend their compensation dollars that more closely tie with their corporate HR goals.
Why would Sprint-Nextel stop offering pensions?
ReplyDeleteBottom line: to save money. Also, a lot of companies are deciding that pensions with their back-loading in favor of long-service employees are not strategically a good compensation/retention tool for today's much more mobile workforce. Companies generally feel they ways to spend their compensation dollars that more closely tie with their corporate HR goals.
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