There are also approaches that use information and contents liked by the worker on social networks to automatically match workers preferences and task requirements [80].
Obama wants to require employers to automatically enroll workers in 401(k) plans at a savings rate of 3percentt.
Some job boards match job seekers to job vacancies with computer algorithms, and automatically notify workers of potential matches via e-mail each morning.
In 2007, New Zealand created the world's first nationwide, government-sponsored savings plan that automatically enrolls workers, while giving them the option not to participate.
In an effort to bolster retirement savings by middle- and lower-income families, the Treasury announced tax rules last week intended to encourage more employers to automatically enroll workers in retirement plans.
One in five increased the percentage of money they set aside each year, but Vanguard figures that much of that was because many employers automatically increase workers' savings rates each year by raising their 401(k) contribution.
If a company automatically enrolls workers in a 401(k) plan unless they choose to opt out, most people will go along with it and set aside money for their retirement.
Target-date funds are among the investment options in which employers may automatically enroll workers, and once the funds are added to a 401(k) plan, they would be available to all the plan's participants.
The system would automatically enroll workers, tie savings increases to raises, include provisions for health care needs, offer objective investment advice to help them plan, and assure a lifelong income base by automatically converting some of their savings to a low-cost annuity at retirement.
Companies that automatically enroll workers have a fiduciary obligation to ensure that fees are reasonable, says Jeffrey Martin, a tax expert at Grant Thornton.
