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Survey: Michigan Wages Still Recovering from Pandemic, Tight Labor Market

Survey: Michigan Wages Still Recovering from Pandemic, Tight Labor Market
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Survey: Treasury and Finance Professionals Earned 2.9% Increase in Base Salaries in 2020; Lower Than Past Years


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BETHESDA, Md., May 11, 2021 /PRNewswire/ Treasury and finance professionals earned an average 2.9% base salary increase in 2020, a 0.8% decrease from the 3.7% gain in 2019, according to the 2021 Association for Financial Professionals (AFP) Compensation Survey. The base pay increase of 2.9% is the lowest salary increase reported in the past seven years, according to the new report.
The 2021 AFP
® Compensation Survey reveals base-salary raises for executive-tier positions at 2.6%, which is 0.7% less than reported a year ago, while there was a 0.5% decrease in salaries for staff-tier positions. At the management-tier level, the average 3.1% increase in base salaries during the calendar year 2020 is 1.2% less than the base salary increase reported in last year s survey. ....

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Transamerica Survey Finds Higher Education Institutions Turn to Their Retirement Plan Service Provider to Help Address Unprecedented Challenges


Transamerica Survey Finds Higher Education Institutions Turn to Their Retirement Plan Service Provider to Help Address Unprecedented Challenges
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BALTIMORE, March 2, 2021 /PRNewswire/ Transamerica today revealed the latest report of retirement plan trends for institutions of higher education. Survey results provide an inside look into the challenges institutions face in helping faculty and staff prepare for retirement.
The COVID-19 pandemic has impacted retirement plans beyond the availability and usage of loans and COVID-19 related distributions. Nearly three out of five institutions report increased demand for investment and in-plan retirement income opportunities and one in four report an increased need for access to professionally managed accounts. More than ever, higher education institutions are relying on their retirement plan partner to offer strategies to help participants plan for a secu ....

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