Employee Benefits & Compensation Articles
Retaining and attracting the best employees means offering more than competitive salaries. Thoughtful and useful benefits packages set up employees and your business for success. Just make sure you build communications systems that make it easy for your employees to sign up.
The debate over the employee benefits and compensation ramifications of paying versus not paying your interns is still raging. Unlike many other debates currently being argued in various spheres in the United States however, it’s fairly easy to look across the battlefield and see the perspective of the other side.
A few years ago, business leaders and Human Resources professionals found an answer to rising workplace stress, increased incivility, and lowered productivity: mindfulness. Since then, many HR tools and apps are making mindfulness an employee benefit with measurable results.
Every employee values workplace perks but does its importance outweigh being paid more?
Open Enrollment is in full swing and if you’re a small business owner with the ability to offer employees benefits and compensation packages, you’re probably already hearing all about it. Your employees are making the best decisions they can right now to make sure they’re enrolled in health insurance plans that make sense for them. Even as Open Enrollment progresses, there are still several considerations small business owners and leaders need to have.
Health and financial wellness plans have evolved quickly in the last few years, offering employees newer and better options to relieve some of the money-related stress they experience and plan better for retirement. The next step in this evolution is access to personalized financial wellness plans for each employee. Why is this so important and why are personal financial advisors in vogue now?
Every HR professional understands that employee benefits are one of the biggest reasons employees choose one job over another, and your company provides great benefits—a quality health insurance plan, for example. In fact,
You know what Decision Support Tools can do for your organization and your HR department, but from an employee’s perspective, how do these complex digital tools help them?
Open enrollment and choosing the right health insurance options can be one of the most stressful and daunting tasks for many employees. Open enrollment happens every year, and some employees still do not understand the process and experience lots of confusion during the process.
Decision Support Tools (DSTs) have become in vogue over the years because they break down a process that always causes stress and confusion for workers into a few short, easy questions and options. Many large and mid-size organizations are turning to DSTs to help their employees sign up for health insurance. When it’s time to help your employees make that decision, how do you know which DST to invest in?
Most American workers are workaholics and refuse to take time off work. Studies reveal that more than half are leaving their vacation time unused. While most businesses appreciate the dedication and commitment of hardworking employees to their companies, employers need to encourage their workers to take time off and enjoy a fun summer vacation. It will do wonders not only for their physical and mental health but their overall job-performance in the company.
The summer holidays are nearly upon us. This is the time for vacations, outdoor bar-be-ques, traveling, sun, and fun. Today, corporate culture is forgiving of summer vacations, usually around July 4th and mid-August. The time is now to gear your employees up between their vacation times.
Millennial engagement and career fulfillment begins with the employer and ends with the employee. If a position does not offer an employee the favorable factor (s) of work and life balance, most millennials tend to look elsewhere.
Financial wellness has long been a hot topic for employees and employers even before millennials started taking jobs while saddled with huge student debt amounts. With tax season mostly over, there’s no better time to discuss how you can help employees be more secure with their finances.
If someone tells you that employee benefits communication doesn’t matter when hiring and retaining skilled employees, they’re lying.