What’s a Health Reimbursement Arrangement (HRA)?
A Health Reimbursement Arrangement (HRA), also known as a Health Reimbursement Account, refers to a tax-advantaged benefit that enables both the employers and employees to save on healthcare costs. These plans are employer-funded and involve the employer setting aside a set amount of tax-exempt money for its employees to pay for annual healthcare expenses. In […]
Analyzing the Impact of Artificial Intelligence on Human Resources
The integration of robotics and AI into Human Resource Functions brings with it exciting new opportunities and challenges alike. However, most HR executives and organizational leaders are taking a more optimistic approach and believe in AI’s potential to improve the overall experience of employees.
3 Employee Benefits that Increase Employee Retention Rates
The cost of employee turnover for a business isn’t just inconvenience. According to a study carried out by the Society for Human Resource Management, the total cost of turnovers for U.S employers is expected to reach a staggering $680 billion by 2020. Also, according to the Bureau of Labor Statistics, around 3.6% of workers quit […]
Extra Cash is Nice but isn’t Enough to Motivate Your Employees
When it comes to taking a job, people will act rationally for the most past; they’ll do what’s best for their interests. For the most part, money is a pretty effective motivator; if you pay employees well, it should encourage them. Unfortunately, this isn’t always the case.
How to Effectively Communicate Employee Benefits
[fusion_builder_container type=”flex” hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” parallax_speed=”0.3″ video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” border_style=”solid”][fusion_builder_row][fusion_builder_column type=”1_1″ type=”1_1″ background_position=”left top” border_style=”solid” border_position=”all” spacing=”yes” background_repeat=”no-repeat” margin_top=”0px” margin_bottom=”0px” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” hover_type=”none” min_height=”” link=””][fusion_text] Quick answer: To effectively communicate employee benefits, employers should use simple language, repeat key details across multiple channels, make plan information easy […]
The Do’s and Don’ts of Disciplining Your Employees
The processes for maintaining employee discipline can vary from organization to organization and in numerous cases from manager to manager. The process you follow to ensure that your employees are in control and are disciplined would be heavily influenced by the kind of organization you are in, and the approach that the management follows in […]
Strategies You Can Follow to Nip Office Conflicts in the Bud
Conflicts within the modern workplace are just inevitable. You cannot have a workplace without any conflicts whatsoever, which is why the intelligent approach to follow is to think of conflict management efforts that actually work. Conflict management is an art that managers in this day and age should possess with them. Being well-trained in conflict […]
Steps for Dealing with an Angry Employee
Unhappy employees that have had conflicts with another employee or just the management in general, are pretty hard to please. An angry employee is often filled with anger and frustration, which is why one wrong move from your side might end up magnifying their anger.
Why Paid Leaves Are Good for Your Business
Paid leaves have long been put under considerable debate regarding their usefulness and benefits. The United States is perhaps one of the world’s most major economies that doesn’t federally require organizations to mandate paid leaves for employees looking to spend time with family or who have fallen sick.
How to Reward Employees without Giving Them Cash
Contrary to popular belief, offering cash is a short-term approach towards improving an employee’s productivity. Considering that employees of today want something more than just mundane cash rewards, you have to think out of the ordinary and give them what they are looking for. So the question is: how to reward employees without giving them […]
