Word: tarantello
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...recent survey conducted by Watson Wyatt, a human-resources consulting firm, 6% of companies said they either had already cut 401(k) contributions or planned to over the next 12 months. "Do people notice their retirement benefits as much as their health care? No, they don't," says Maureen Tarantello, a Watson Wyatt senior consultant. "They deal with health benefits every time they see a doctor, but retirement is something that comes into play much later in someone's career...
...likely to stop at 401(k) plans. In the Watson Wyatt survey, a fifth of companies said they planned to eliminate or reduce training, cancel holiday parties and tighten travel policies. "These are all things about which companies say, 'Could we live without this for another year?' " says Tarantello. "But you don't want people retiring on the job. You want their hearts and minds...
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