Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

Employees are a company’s most valuable asset. So, what are you doing to appreciate your employees? Employees love benefits. Not to forget that many employees apply for organizations depending on the perks and benefits offered by that company.

Employee Benefits for Boomers, Gen X, Millennials, and Gen Z Explained

Career Metis

It encompasses understanding your employees—knowing their generational diversity , what motivates them, and rewarding them accordingly. Today, the workplace has changed dramatically and those rewards might not hold much meaning to the modern employee. Financial Benefits.

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Corporate Employee Benefits at ZERO cost

Vantage Circle

Employee Benefits are those benefits that an employee receives by virtue of being a part of an organization. These are benefits or perks which lie outside the monetary compensation of a company and have traditionally been limited to insurance, provident fund, etc.

2019 Benefits Trends: Employee Benefits

PlanSource

Are you curious about what’s on the horizon for benefits administration in 2019? If so, we’ve got everything you need to know in our annual Benefits Trends report. In part 1 of our 3 part series, we’ll cover everything you need to know about employee benefits trends for 2019.

What Employee Benefits Are Required by Law?

HR Daily Advisor

When it comes to employee benefits, surprisingly few are required by law in the United States. That said, there are some benefits—mostly behind the scenes—that are mandated under U.S. law and are provided to employees, even if not all employees end up taking advantage.

Student Loan Repayment 101: The Lowdown on 2020’s Hottest Employee Benefit

PlanSource

Chances are, you’ve probably heard about student loan repayment as an employee benefit. While innovative, student loan debt repayment as an employee benefit might not make sense for every employer. — What is Student Loan Repayment as an Employee Benefits? .

What These 5 Shocking Employee Benefits Statistics Mean for Your Broker Business

InfinityHR

It’s becoming more apparent that the opportunity share for benefits brokers is rising year-over-year. 5 Shocking Employee Benefits Statistics. 12% of businesses are happy with current levels of employee engagement. Worker’s compensation insurance.

What These 5 Shocking Employee Benefits Statistics Really Mean for Your Broker Business

InfinityHR

It’s becoming more apparent that the opportunity share for benefits brokers is rising year-over-year. 5 Shocking Employee Benefits Statistics. 12% of businesses are happy with current levels of employee engagement. Worker’s compensation insurance.

Today’s Generation is Changing Employee Benefit Packages of the Future

HR Daily Advisor

The shift in priorities of today’s workforce requires employers to change their approach to benefit offerings, and while some benefits are “evergreen”—such as good health care coverage—there are other creative ways to attract and connect with people facing today’s economic challenges.

How to Define Your Rewards Communication Strategy

HRsoft

In decades past, employee benefits were considered one of the key drivers for attracting the top employees in their field. Yet, even if your organization offers a diverse mix of work and life benefits, it only matters if your team members realize the value.

The Synergistic Energy Of Culture And Growth For Midsize Businesses

SuccessFactors

A 401(k) and medical coverage are nice perks that most employees receive from their employers. Believe it or not, midsize businesses are increasingly applying such out-of-the-box thinking to attract and retain employees in an era where job-hopping is the new normal. By Kristi Sanders.

How is Total Rewards Affected by Different Generations?

HRsoft

While generational diversity hasn’t directly impacted external position equity, it has caused some employers to rely more on internal position equity to value jobs. After the recession in 2008, many organizations developed “hybrid jobs” and began creating positions around employees.

#HotInHR: Are Diversity Groups Passé?, Preparing Job Seekers for ‘Future of Work’, Using Daydream to Train Employees

Advos

Deloitte Thinks Diversity Groups Are Passé – Bloomberg. The firm is nixing employee affinity groups for women and minorities—fixtures at many large companies—and replacing them with inclusion councils that have white men. This Restaurant is Using Daydream to Train Employees. HotInHR: Are Diversity Groups Passé?, Advanced Learning Institute (ALI) – HR Analytics & the Employee Experience, Aug 1 – 3, San Francisco CA, #ALI_EmployeeExperience.

Separating Extravagant Perks from Those that Yield High ROIs

HR Daily Advisor

Many employers think that they need to offer things like table tennis in large and custom-designed breakrooms, organic juice bars, bring-your-dog-to-work days, and free lunch every other day—especially when it comes to hiring younger employees—to retain employees and keep them happy.

10 Companies Offering Work from Home

HR Digest

From project leaders to software engineer to medical writers; the employment opportunities are diverse. It has remote jobs listed in sales compensation analyst, product specialist, and senior systems engineer. Employee Benefits Featured Trends freelance work from home work remotely

Solo or Symphony?

Bersin with Deloitte

But as the workforce continues to become more diverse—older, younger, and made up of a variety of worker types beyond full-time employees—so have its needs and preferences. With this framework, organizations can: Better understand employee preferences using actionable data.

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Women in the Workplace vs. COVID-19: A Pandemic’s Impact on Equality

Flimp Communications

For many women in the workplace, this means struggling to fulfill responsibilities or working later to compensate for time missed. Workplaces can implement remote-work policies, specifically for emergencies like this where employees cannot work onsite.

#HotInHR: Google Spending $30M on Housing, Elon Musk’s EQ Master Class, Fewer Women Starting Businesses

Advos

Google spending $30 million on housing for Silicon Valley employees – CNBC. This Email From Elon Musk to Tesla Employees Is a Master Class in Emotional Intelligence – Inc. Even while ethnic diversity among start-up owners increases, the percent of women entrepreneurs is substantially decreasing, according to a recent nationwide study. Learn more at the G lossary of HR and Employee Benefit Terms. Tags: Women Entrepreneurs, Diversity.

Employee Turnover: A Major Challenge in Today’s Workforce

HRsoft

Workforce challenges vary by industry, location, and other differentiating factors, but rising employee turnover rates affect virtually all employers. Analysis of data may indicate employees with specific years of tenure are leaving.

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. National Healthcare Technology Solutions Selects PlanSource as Preferred Benefits Administration Technology Partner.

A FOMO Guide to How Groovy Companies Can Attract a Multigenerational Workforce

Linkedin Talent Blog

Forward-looking companies have cultivated the possibilities of cross-generational teams with their different skills and perspectives by creating reciprocal mentorship programs , in which younger employees and their more experienced colleagues share their specialized knowledge with one another.

Do You Offer Life Insurance to Employees?

HR Daily Advisor

Insurance is one of the most common employee benefits employers opt to use to entice top talent to their organization. Therefore, it provides coverage for employees at a lower premium even if the cost of the premium is passed along to the employee. Tax benefits.

#HotInHR: Where Was the Pilot On That United Airlines Flight? Ranking Tech Companies on Diversity, CEOs Get Big Pay Raise

Advos

Every Monday we send a summary of the previous week’s funding announcements, mergers, acquisitions, and partnership news from the HR technology, recruitment, talent management and employee benefits space. Related2: Google Defends Accusations of Gender Pay Gap by Outlining Its Compensation Method. Ranking Tech Companies on Diversity,… Click To Tweet. Ranking Tech Companies on Diversity, The Gig Economy’s False Promise, CEOs Get Big Pay Raise).

Surprise: Big Perks Don’t Always Equal Happier Female Employees

SAP Innovation

This past summer, a former employee called out Amazon for its inhospitable policies toward women and parents. In September, a female employee sued Microsoft for gender discrimination. When we look at all these revolutionary changes, we may conclude that companies are simply acting in their own best interest, now that the business case for diversity has been made. Companies may be reacting to a real and growing dissatisfaction among their female employees.

New Report Offers Perspectives on 21 Topics to Help Organizations Become Destination Employers

HR Daily Advisor

Employers need to plan for more change affecting their compensation and benefit programs as competition for talent intensifies across global borders and the U.S. Ziebell, President, Employee Benefits Consulting and Brokerage. Both factors impact employee output worldwide.

#HotInHR: Congress Can Kill Overtime Rule, But Court Might Revive It

Advos

Every Monday we send a summary of the previous week’s funding announcements, mergers, acquisitions, and partnership news from the HR technology, recruitment, talent management and employee benefits space. How General Assembly Is Helping Companies Increase Diversity, Growth in “Gig Economy” Workers Peaked in 2014). How General Assembly Is Helping Companies Increase Diversity – Fast Company. Tags: Diversity.

#HotInHR: Tech Firms Hoard Talent, Millennial Workplace Trends 2017, Creepy Employer Data Practices?

Advos

Every Monday we send a summary of the previous week’s funding announcements, mergers, acquisitions, and partnership news from the HR technology, recruitment, talent management and employee benefits space. As tech firms battle to hire and hoard talented employees with huge pay packages, Silicon Valley may be changed for the worse. A recent study finds many companies require low-wage employees to sign non-compete clauses. Tags: Employee Contracts.

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Responsibilities of the DOL

HR Daily Advisor

On their website today, they state their mission [i] : “To foster, promote, and develop the welfare of the wage earners, job seekers, and retirees of the United States; improve working conditions; advance opportunities for profitable employment; and assure work-related benefits and rights.”.

The problem with employee wellness programs

Workable

Employee wellness programs are morally questionable and misguided. Instead, companies should focus on less intrusive ways to encourage wellness, and let employees manage their own health. What are employee wellness programs? sick days ) and increase employee productivity.

Voluntary Benefits: Low Cost, High Reward!

HR Daily Advisor

Voluntary benefits can have a very positive effect on recruiting and retention, and with little cost being shouldered by the employer. Multiple surveys attest to the power of voluntary benefits to attract and retain employees. Employee Benefit Trends Study.

HSA vs. health care FSA: Which is better for you and your employees?

Insperity

How do you know if one is a better option than the other for you and your employees? Withdrawals for non-eligible expenses are allowed, but taxed and subject to a 20-percent penalty, until the employee reaches age 65. At that point, employees can withdraw funds for any reason without penalty. Like an HSA, FSAs help employees set aside pre-tax funds throughout the year to help pay for eligible medical expenses. There is one significant downside for employees, however.

Practical answers to 8 FAQS about floating holidays

Insperity

Is a floating holiday really necessary to attract and retain top talent – especially if you already offer a robust benefits package? That’s because there are many different ways to offer floating holidays to employees. Do you decide the holidays that can be taken off, or do your employees decide? If employees don’t take the holiday during a calendar year, can they carry it over to the next one? It keeps employees happy and your business on track.

HSA vs. FSA vs. WSA: Which is Best For Your Employees?

Collage

But it doesn’t have to apply to employee benefits. Employee spending accounts, including HSA or FSA options, are a hot topic in employee compensation right now precisely for their ‘golden trifecta’: flexibility, affordability, and ease-of-use. Two current trends are bringing employee spending accounts to employers’ attention. First, today’s workforce has come to expect employee health benefits as part of their total compensation package.

A Guide for the Ages: What You Need to Know to Attract a Multigenerational Workforce

Linkedin Talent Blog

Forward-looking companies have cultivated the possibilities of cross-generational teams with their different skills and perspectives by creating reciprocal mentorship programs , in which younger employees and their more experienced colleagues share their specialized knowledge with one another.

Hot in HR: Amazon’s 30 Hour Work Week Experiment, Men Benefit From Closing the Pay Gap, Too

Advos

Weekly summary of mergers, acquisitions, funding and partnership news from the HR technology, recruitment, talent management and employee benefits space. This Tech Giant Shows That Men Benefit From Closing the Pay Gap, Too – Fortune. In fact, analysis of equal pay gaps are sort of the new diversity report—in the sense that companies seem to be releasing their salary discrepancy numbers in an effort to attract and retain female employees.