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So far Shelley Hoffmire has created 10 blog entries.

Communication, tools, safety net all key to improving retirement outcomes

Reforms should be better communicated to workers in efforts to combat behavioral biases and inadequate financial knowledge that undermines participants’ retirement decisions, the Organization for Economic Cooperation said in its latest pensions outlook report. The OECD called on combining funded and pay-as-you-go retirement plans, automatic mechanisms and a strong safety net for pensioners to boost retirement

Transferring Ownership Of A Midsized Firm: How HdL Made Its ESOP Work

Some 70% of owners of small and midsized U.S. businesses will retire in the next 20 years, selling or passing on $10 trillion in assets (California Association of Business Brokers). Yet 58% of 200 such firms surveyed last year by Wilmington Trust don’t have an ownership transition plan for the business. That’s a recipe for trouble for

5 Steps Everyone Must Know to Become Financially Literate

Legendary investor Warren Buffett used to say that the greatest risk in investing is when you don’t know what you are doing. Very often, many people invest in financial products that they don’t understand. They act based on their emotions without the appropriate investment information. They rely on recommendations made by friends or relatives rather

Your financial wellbeing is more than just the money in your bank account

How healthy are you? The answer might make you cringe, but chances are you’ve probably got an answer. “Relatively fit” or “could do with losing a few pounds” will probably sound familiar. But what if you were asked how financially well you are instead? You might be earning a good salary, but still find yourself

Going Social: Why Businesses Must Invest More in Human Capital

According to a fresh study released by Deloitte Insights, there’s a new metric being used to measure the success of an enterprise. That is the success and strength of its relationships with its employees and customers as well as the community at large. In fact, nearly two-thirds of CEOs surveyed indicated that inclusive growth was a top concern. It was

Fenix Flames rises from the ashes of traditional employee ownership schemes

As the pay gap between CEO and median employee earnings continues to increase, African solar energy company Fenix International is burning the outdated rulebook on traditional employee stock options. It announced the first cash payout to its employees across Africa, with mid-level and low-level workers set to benefit. How successful will the scheme prove to

Why Collaborations Fail

A few weeks ago, the board chair of a great social enterprise called me in distress. A collaboration he had nurtured was in disarray. He’d gotten ahold of an email that called the executive director and staff at his organization “uncollaborative.” He and I tried to figure out what was going on. We talked through the

Delivering meaningful financial wellness to employees

Employees want to improve their financial literacy and reduce the stress that they experience due to personal financial issues. Employers know that they have the ability to offer financial wellness programs and that these programs will provide multiple benefits to workers and the corporation alike. Agreeing on these facts could lead to the conclusion that

The Motz Corporation Proudly Becomes Employee Owned

The Motz Corporation, global provider of innovative turf solutions, is now employee owned after launching an employee stock ownership plan (ESOP).  Founded in 1977 and serving the high-performance natural and synthetic turf markets, The Motz Corporation is one of the most recognized and highly respected turf system specialists in the world. Celebrating more than 40 years in the industry,

Morrico now employee-owned

Morrico Equipment LLC announced that its company has become employee owned. The announcement was made last night during a special employee meeting at the Hilton Guam Resort and Spa. The conversion to an employee-owned company, also called Employee Stock Ownership Plan, became effective March 31.  As the company fast approaches 30 years in business on Guam,