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Employers’ Cost to Provide Employee Benefits Has Risen 24% Since 2001, New Analysis Finds

HR Daily Advisor

employers’ cost to provide employee benefits, measured as a percentage of pay, increased 24% between 2001 and 2015, fueled largely by a doubling in healthcare benefit costs, according to a new analysis by Willis Towers Watson, a leading global advisory, broking, and solutions company. of pay in 2001 to 18.3%

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M&A Friday! This Week’s HR Deals and Trending #HotInHR News

Advos

Our weekly recap of fundings, mergers & acquisition, partnership and other interesting news from the human resource, recruitment and employee benefits marketplace. Human Resources and Employee Benefits Consulting Firm Findley Acquires Hallett Associates. This week’s Fundings: $260M+. Sign up now. PARTNERSHIPS.

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U.S. salary increase budgets hit 20-year high

HRExecutive

on average this year, slightly higher than earlier projections of 4.1%, and also marking the highest level since the 2001 peak of 4.5%, according to the survey of more than 2,000 U.S. Last year, salary increase budgets stood at 4.1%. Increases to salary budgets rose to 4.4%

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NEW PODCAST – Bright Side of Benefits – Episode 01: Where are Health Benefits Headed?

Benefit Resource Inc.

Hi, I’m Becky Seefeldt here with BRI’s first episode of the Bright Side of Benefits. This is a series for benefits professionals and consultants where we talk about the latest news and happenings in employee benefits – all in easy-to-digest, bite-sized snippets. At the peak of these trends, premiums were increasing at 4.5

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Got Burnt-Out Employees? Here Are 5 Ways to Win Back the Overworked Workforce

HR Daily Advisor

According to a survey administered by Kronos and Future Workplace, 46% of Human Resource (HR) professional respondents (at organizations with 100 to over 2,500 employees) blame burnout for up to half of their staff quitting each year. Andrea Meyer , SPHR, CBP, is the benefit manager at WorkSmart Systems.

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Evolution of the 401(k)

Guideline

With the widespread adoption of 401(k) plans, it might surprise you that they’re a relatively new employee benefit — and one that was created unintentionally by lawmakers. The law was signed by President Jimmy Carter and became effective at the turn of the decade.

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5 Ways to Ease Open Enrollment Stress for Employees

HR Daily Advisor

Make sure all employees have the opportunity to be fully educated about their options by deciding which communication methods will best explain important benefit details—email, employee portal, videos and workshops, etc. Remember: communication about benefits doesn’t stop at the end of the open enrollment period.