Human Resources

Gartner Glossary

Defined Benefit Plan

A defined benefit plan is an employer-sponsored retirement plan that is based on a specific formula, such as length of employment, salary history and age. Defined benefit plans provide a fixed payout to employees upon their date of retirement, either as a periodic fixed benefit or as a lump-sum amount. These plans are funded and controlled by the employer, who bears all investment risk.

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Top 5 Priorities for HR Leaders in 2021

Gartner surveyed more than 800 human resources leaders across 60 countries and all major industries to identify HR trends and assess HR priorities and expected challenges for 2021. Discover the top five initiatives chief human resource officers and HR professionals are prioritizing in 2021.