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With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
401(k) Plan Adjustments: Carter's has updated its 401(k) plan to increase the company match from 4% to 5% of employee contributions. This adjustment aims to enhance employee retention and attract new talent amidst a competitive labor market. With ongoing economic uncertainties, this change helps employees save more for retirement and provides a stronger financial cushion.
Layoffs and Restructuring: In early 2023, Carter's announced a reduction in workforce as part of its restructuring plan aimed at streamlining operations and reducing costs. The company indicated that the layoffs were necessary to improve operational efficiency and align with shifting market demands.
Stock Options: Stock options typically give employees the right to purchase company shares at a set price after a certain period. Carter's stock options are generally offered to senior executives and key employees as part of their compensation package.
RSUs: Restricted Stock Units are company shares given to employees as part of their compensation, but with restrictions that typically lapse over time. RSUs at Carter's are usually provided to a broader group of employees including managers and senior-level staff.
Specific Information by Year
Recent Employee Healthcare News: Summarize any recent news affecting employee healthcare at Carter's.
Research Sources
Official Website: Look for health benefits information in the company's careers section or employee resources area.
News Websites: Search for recent articles or press releases related to Carter's employee health benefits.
Industry Reports: Check industry-specific reports or news platforms for relevant updates.
HR and Benefits Sites: Explore HR or benefits management websites for detailed insights.
Financial and Business News: Look into financial news platforms for any relevant updates on employee benefits.
Steps to Perform the Search
Official Website: Visit Carter’s official website and navigate to the careers or employee benefits section.
Google Search: Perform a Google search with keywords such as "Carter's health benefits 2022 2023 2024" and review the top results.
Industry-Specific Sources: Check HR and benefits management websites such as SHRM.org or BenefitsPro.com.
Business News Sites: Explore business news sites like Bloomberg or Reuters for relevant updates.