How To Make Your Employees Financially Secure?
A recent survey conducted by PwC to assess employee financial wellness in 2017 found stress-related finances to be a major factor in the lives of 53% of employees. 38% of employees even stated that they would prefer to move to an organization that prioritizes financial wellbeing of its workers. Supporting the financial wellbeing of employees must be […]
Top 3 Prep-Tips For Open Enrollment Season
Come open enrollment season and your office may resemble a Wal-Mart outlet on Black Friday. While many HR consultants dread the process, thorough preparation can vastly improve this season. The busy period is undeniably stressful but it is also a prime time to make significant contributions to your department and help employees navigate through the […]
7 Compliance Issue Every HR Personal Should Know About
From the moment you hire a new employee to the moment he retires, your HR department needs to ensure legal and company-wide policy compliance. For protection of employers and employees, Federal and State government have introduced laws and compliances.
4 Signs It’s Time To Redesign Your Employee Benefit Program
You can’t offer a cookie cutter, generic employee benefit plan to employees and expect job satisfaction. Change in employees’ needs, inflation, and market trend have an impact on your compensation and benefit package each year. Your package might have been attractive for the past few years, but in order to resonate with the current market, […]
5 Things Employee Hate About Your Employee Wellness Program
Lack of communication within an organization creates ambiguity. When a hostile environment is created, perks and benefits can do so little to retain employees. 88 percent of companies claim to have an employee wellness program, but is this offer backed by research or just a trend adoption? If you’re not offering a wellness program that’s […]
Voluntary Disability Insurance for Employees
Voluntary Disability Insurance for Employees Voluntary disability insurance gives employees a way to protect part of their income if a covered illness, injury, pregnancy, surgery, or medical condition keeps them from working. For employers, it can strengthen the benefits package without requiring the company to fully fund the coverage. Many employees rely on each paycheck […]
What To Consider When Designing Employee Benefit Program?
You don’t have to go above and beyond to retain employees; providing essential benefits can do the job for you. When talking about employee benefits, the million-dollar question is: what can employers offer? A successful employee benefit plan requires a lot of research and planning. 49 percent of employees use employee benefits as a way […]
Benefits Administration Technology: 5 Signs Your Current System Is Outdated
Benefits Administration Technology: 5 Signs Your Current System Is Outdated As your business grows, your employee benefits process needs to grow with it. Benefits administration technology helps employers manage enrollment, eligibility, communication, plan documents, reporting, and employee access in a more organized way. When the system behind your benefits program is outdated, HR teams often […]
Baby-boomer Are Retiring—What Does That Mean for Your Employee Benefits?
A study conducted in 2011 indicated that 76 million employees belonging to the baby-boomer generation will be retiring in the near future. This means that the job market will experience a mass exit of skilled employees, changing the dynamics of the job market. Baby boomer retirement will bring significant changes around the company. So, be […]
5 Types of Employee Performance Evaluations
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