Healthcare Provider Update: For Gannett, the healthcare provider is UnitedHealthcare, which has been affiliated with the company and serves its employees. In 2026, healthcare costs are expected to rise substantially, with many states experiencing dramatic premium increases for Affordable Care Act (ACA) plans. With the potential expiration of enhanced federal premium subsidies, more than 22 million Americans could face out-of-pocket premium hikes exceeding 75%. Contributing factors include escalating medical costs, projected increases in provider reimbursements, and aggressive rate hikes from major insurers, resulting in an overall perfect storm pushing affordability beyond reach for many families. As these factors coalesce, it's crucial for Gannett employees and ACA marketplace enrollees to stay informed and consider their healthcare options carefully for the upcoming year. Click here to learn more
Mandatory office returns have left Gannett employees struggling with these impacts on their work-life balance and happiness. Patrick Ray from The Retirement Group suggests that in this regard, where possible, flexible work policies should be leveraged to enhance employee retention and satisfaction, as well as help companies steer through the changing business environment without compromising on productivity or employee well-being.
'As we experience a major shift towards mandatory office returns, the problems of increased attrition and health effects among Gannett employees are becoming more pronounced. Michael Corgiat of The Retirement Group suggests that companies should move to more agile workplaces that consider employee preferences and well-being in order to ensure a smoother transition and corporate stability in the long run.'
In this article, we will discuss:
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1. The various negatives and challenges of the global shift to mandatory office returns for Gannett employees.
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2. The effects of rigid work policies on employees' turnover, recruitment, and happiness in the workplace.
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3. The importance of flexibility and adaptability in the retention of talent and the improvement of employees' well-being in the light of new work realities.'
- The global shift to mandatory office returns has revealed a number of negative effects for Gannett employees, thus creating a corporate storm. According to the Greenhouse Candidate Experience report, the Federal Reserve's Survey of Household Economics and Decisionmaking (SHED), and Unispace's Returning for Good report, companies are facing several challenges in trying to navigate this new normal. According to Unispace, a survey of 44 of the 100 largest companies in the US with return-to-office policies has found that 42% of these companies have higher employee turnover and 29% have faced challenges in recruitment. Employers expected some level of churn as a result of the mandates, but they were not prepared for how bad it would get.
The Greenhouse report also highlights the importance of adaptability in talent acquisition and retention. 76% of employees said that they are willing to leave their current companies if their employers do not allow flexible working hours. Even more so, the latter was observed among the representatives of underrepresented groups of employees, who were 22% more likely to search for other jobs if flexibility was taken away.
The SHED survey brings one more perspective and reveals that the disappointment towards the transition from a flexible work model to a traditional office format is equivalent to a pay cut of 2-3%. This shows the high level of workers' preference for flexible work policies including, one can assume, Gannett employees. The Greenhouse report ranks flexible work policies as the most appealing factor to Gannett employees, except for career-related factors such as pay, security, and promotion. In general, employees value flexibility more than other workplace factors.
A new study conducted by AARP and published on June 28, 2023 found that the effects of the forced office return may be even worse for the target population of 60-year-olds including possibly Gannett employees who are preparing for retirement.
The stress and negative impacts of going back to the office environment have increased the rate of health complications such as high blood pressure, anxiety, and sleep problems among this age group, the study found. This study is especially relevant to our target audience because it highlights the need to consider the welfare and health consequences of office requirements in the workplace for people who are retiring or still working.
In this interesting article, the secret consequences of mandatory office returns are uncovered. According to the reports, the employee turnover rate has increased by 42%, and 76% of the employees are willing to leave their jobs if flexible working hours are not allowed. Flexibility turns out to be a critical factor in talent retention, being valued more than pay rise and job security. The findings of Unispace show that employees prefer choice, and the ones who were required to come to the office were less likely to do so. Find out how real-world examples of organizations' policy changes helped reduce employee turnover and attract new talent.
Cognitive fallacies also affect employees' decisions in the process of transition. In addition, there is a significant update for retirees: The Secure Act 2.0 has recently been enacted and there are new rules for inheriting IRAs. Ensure you are informed to make the right decisions for your retirement planning. Interestingly, the findings of Unispace show that employees have a different perception of returning to the office depending on the level of choice they have. When employees were allowed to go to the office, they were more willing to do so than when they were told to do so. Real-world examples can be found to support these findings.
For instance, a regional insurance company experienced increasing attrition rates after implementing a return-to-office policy. They were able to reduce employee turnover and improve office morale by using a team-based approach and focusing on collaboration and mentoring. In the same way, a large financial services company found from an internal survey that Gannett employees preferred more flexible work schedules.
This led to policy changes that led to a decrease in employee turnover. For example, a late-stage SaaS startup that implemented flexible work policies had reduced employee attrition rate and increased job applications, which shows that flexibility is a competitive advantage.
It is important to note the human factors that are present as we work to navigate the changing world of work. The status quo bias and the anchoring bias are real biases that influence the decisions and perceptions of employees in the workplace. The status quo bias makes the employees reluctant to change the flexible working arrangements that they have become used to while the anchoring bias makes them evaluate their work conditions based on the first information that they get, such as salary and job security. In this new world of flexibility, organizations can create a work environment that can attract and retain employees by understanding and tackling these biases.
Today, one has to understand people as much as one has to understand strategy and numbers to succeed in the business world. In conclusion, the data from various reports and real-life examples clearly proves that flexible work policies are vital for attracting and retaining employees in the current workplace. Organizations that embrace flexibility and employee autonomy are more likely to thrive in the current business environment. Understanding and solving cognitive biases are also important in designing a workplace that will attract and retain employees. In the future, the intelligent use of work flexibility will be a key determinant of a company's attractiveness to its employees.
The return to the office is like navigating a stormy sea. As the storm of office mandates builds, companies are seeing higher than expected attrition rates; employees value flexible work policies most. Effective businesses must shift their strategy to include flexibility, which allows employees to choose to return to the office, just as experienced navigators steer a ship according to changing winds and tides.
During this transition, the cognitive biases shape our actions and perceptions as we float through uncharted waters. As Gannett employees look to the future, they should also be aware of the new rules regarding Inherited IRAs, which will be a helpful compass for their retirement journey.
Extra Fact: Recent research from the Federal Reserve's Survey of Household Economics and Decisionmaking (SHED) conducted in 2023 established that the issues caused by the mandatory office returns can have severe health effects on individuals especially those who are 60 years and older. The study found that many older workers, who may have included Gannett employees approaching retirement, suffered from health problems such as high blood pressure, anxiety, and sleep problems due to the return to the office. This underscores the need to take the well-being and health impacts of office mandates into account as they can have a direct impact on the quality of life during the transition to retirement or while continuing to work.
Extra Analogy: The challenge of managing the return to mandatory office work for Gannett employees is like venturing out on a stormy sea. Just as experienced navigators make alterations in their course according to the winds and tides, companies must make alterations for office mandates. The storm of higher-than-expected employee attrition rates is like unpredictable waves that threaten corporate stability.
Nevertheless, allowing employees to work remotely and come to the office if they want is like adjusting sails to get wind power. In the same way, recognizing and addressing cognitive biases such as the status quo bias and anchoring bias is like having a compass to navigate through calm waters. Therefore, it is important that organizations today are flexible and consider the welfare of their employees in order to navigate through these uncharted seas of office mandates and changing work environments that Gannett workers are faced with.
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The Retirement Group is not affiliated with or sponsored by fidelity.com, netbenefits.fidelity.com, hewitt.com, resources.hewitt.com, access.att.com, ING Retirement, AT&T, Qwest, Chevron, Hughes, Northrop Grumman, Raytheon, ExxonMobil, Glaxosmithkline, Merck, Pfizer, Verizon or Bank of America. We are an independent financial advisory group that specializes in transition planning and lump sum distribution. If you have any questions or require assistance in the retirement planning process, please feel free to contact us at 800-900-5867. The Retirement Group is a Registered Investment Advisor not affiliated with FSC Securities and may be reached at www.theretirementgroup.com .
Sources:
1. Visier: Hallowell, Rebecca. '7 Data-Backed Facts About Return to Office.' Visier, 2024, www.visier.com . Accessed 5 Feb 2025.
2. The Wealth Advisor: Ma, Mark. 'Return-To-Office Mandates Are Associated With An Exodus Of High Performers, Research Finds.' The Wealth Advisor, 12 Dec. 2024, www.thewealthadvisor.com . Accessed 5 Feb 2025.
3. YArooms: Dean, Annie. 'Brace for Impact: The Alarming Effects of the Mandatory Return to Office.' YArooms, 2023, www.yarooms.com . Accessed 5 Feb 2025.
4. The Wealth Advisor: 'We’re Now Finding Out the Damaging Results of the Mandated Return to the Office–and it’s Worse Than We Thought.' The Wealth Advisor, 2024, www.thewealthadvisor.com . Accessed 5 Feb 2025.
5. Buildremote: Pfeiffer, Yvonne. 'Comprehensive Study on Return to Office Dynamics.' Buildremote, 2023, www.buildremote.co . Accessed 5 Feb 2025.
How does The Newspaper Guild International Pension Plan ensure that members are informed about their pension benefits, and what steps should an employee take to understand their earned Pension Credits within this Plan?
Member Information on Pension Credits: Members are informed about their pension benefits and earned Pension Credits through an annual statement provided by the Board of Trustees. This statement includes details about years of service, vesting status, and accrued Pension Credits. Members are encouraged to keep their contact information updated to ensure they receive all pertinent information.
In what ways are the contribution rates structured under The Newspaper Guild International Pension Plan, and how do these rates impact the monthly benefits that members receive upon retirement?
Contribution Rates Structure: The pension contributions by employers are structured based on collective bargaining agreements. These contributions are pivotal in determining the monthly benefits members receive upon retirement. The rate of contributions, along with the number of years of service and accumulated Pension Credits, directly influences the calculation of retirement benefits.
Can you elaborate on the different types of pensions offered by The Newspaper Guild International Pension Plan, including the eligibility criteria and the benefits associated with each type?
Types of Pensions Offered: The plan offers several types of pensions: Regular Pension, Early Pension, Disability Pension, and Deferred Pension. Each type has specific eligibility criteria: Regular Pension is available upon reaching Normal Retirement Age, generally age 65. Early Pension can be taken from age 55, provided certain service and Pension Credit conditions are met. Disability Pension is awarded if a member becomes disabled as per the plan's criteria and Social Security Administration’s confirmation. Deferred Pension applies if a member leaves employment after vesting but before qualifying for early or regular pension.
How does The Newspaper Guild International Pension Plan address the calculation of pensions for members who have participated in more than one pension contribution plan, and what specific guidelines govern these calculations?
Multiple Pension Plans Participation: If a member has participated in more than one pension contribution plan, their pensions are calculated by taking into account all the Pension Credits accumulated across different plans. Specific guidelines ensure that the benefits from all plans are integrated correctly to reflect total earnings and contributions.
What implications does the merger of the NewsGuild-CWA Adjustable Pension Plan into The Newspaper Guild International Pension Plan have for current and future pension benefits for employees covered under both plans?
Implications of Plan Mergers: The merger of the NewsGuild-CWA Adjustable Pension Plan into The Newspaper Guild International Pension Plan ensured that no accrued benefits were reduced. All benefits from the merged plan are honored, with provisions made to integrate the benefits and maintain the financial integrity of the merged plan.
How should an employee of The Newspaper Guild International Pension Plan respond if they experience a change in employment status that may affect their pension eligibility and what steps do they need to take to maintain their benefits?
Change in Employment Status: Members experiencing a change in employment status that might affect their pension eligibility should immediately notify the plan administrators. Steps include reviewing the impact on their Pension Credits and adjusting their retirement planning accordingly.
In the event of an employee’s death, what provisions are made under The Newspaper Guild International Pension Plan for survivor benefits, and how can family members navigate the process of claiming these benefits?
Provisions for Survivor Benefits: In case of a member’s death, the plan provides survivor benefits to the spouse or domestic partner. These benefits are structured based on the type of pension the member was receiving or entitled to receive, ensuring ongoing support for the beneficiaries.
How does The Newspaper Guild International Pension Plan define what constitutes "disqualifying employment," and what are the consequences for a member if they engage in such employment before reaching normal retirement age?
Disqualifying Employment Definition: Disqualifying employment under The Newspaper Guild International Pension Plan refers to any job that might affect a member's pension benefits if engaged in before reaching the normal retirement age. Engaging in such employment could potentially suspend or reduce pension benefits.
What resources does The Newspaper Guild International Pension Plan provide for employees seeking assistance with their pension plans, and who specifically should they contact for detailed inquiries regarding their benefits?
Resources for Assistance: Members seeking assistance with their pension plans are encouraged to contact the Board of Trustees directly. The plan’s office provides detailed inquiries and support regarding benefit calculations, eligibility, and other pension-related questions.
How can an employee contact The Newspaper Guild International Pension Plan for further information about their pension benefits, and what specific inquiries should they be prepared to discuss during their interaction with the Office?
Contacting for Further Information: Members can contact The Newspaper Guild International Pension Plan office via provided contact details for further information about their pension benefits. When interacting with the office, members should be prepared to discuss their employment history, Pension Credit details, and any specific questions about their retirement benefits.