A New Employee Benefit: Social Justice PTO

HR Bartender

At this year’s WorkHuman Conference , pioneered by Globoforce, I learned about a new employee benefit called social justice PTO. Instead of employees having vacation days, sick days, etc., Some organizations are allowing employees to use their existing PTO banks for social justice activities, but others have created more specific policies. Here are a few articles worth checking out: Could “Social Justice Benefits” Be the Newest Employment Trend?

3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers - Recruiting

“I don’t really care about my employee benefits,” said no employee ever. When it comes to employee benefits, if your business can offer it, employees want it. Here are three reasons to introduce better employee benefits as soon as the clock strikes 12.

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People-centric analytics: how can employees benefit from data analysis?

Analytics in HR

In other words, how can the employers use data to gain new insights on people topics and affect their organization? But what if the employees could also use and benefit from the insights and outcomes of People Analytics practices? But where are the benefits for the employees?

Top 10 Employee Benefits for 2020

Best Money Moves

Top 10 employee benefits for 2020. HR trends forecast the most desired employee benefits for 2020 like pet perks, flex work and financial wellness programs. It’s time to start building your organization’s employee benefits for 2020. . Companies can reduce turnover by nearly 140 percent with the right mix of benefits, according to research from Paycor. Here is our list of the top 10 employee benefits for 2020: Top 10 Employee Benefits for 2020. #10

How to Leverage Data to Better Your Employees' Health Benefits Selection

Speaker: Darrell Moon, CEO, Orriant

We need to shift away from the focus on purchasing healthcare and instead, focus on how we can create health for our employees. By incorporating dashboards in our benefits selection process, we can watch for trends in benefits and leverage that data to lower costs, retain employees, and attract new talent. Join Darrell Moon, CEO of Orriant, to learn if your benefits selection is meeting your employees' needs.

The True Cost of Employee Benefits Packages

Zenefits

The decision to bring on a new employee is not one that should be taken lightly, as each new team member affects the culture of your small business as well as your financials. The national average of employee benefits cost. Fluctuating benefits status.

Data From EBRI Survey Reveals Trends in Employee Benefits

Extensis

A new report from the Employee Benefit Research Institute (EBRI), conducted with Greenwald & Associates, explored employee benefits and the trends that are currently impacting them. The results showed just how crucial a role they play for employers and employees

Employee Benefits: Hot Times, Summer in the…

Employee Communications Council

Should employee benefits include summer vacation as a matter of course? The data says ‘yes.’. There are actual health benefits to kicking back and just having fun. Lolly Daskal, President of Lead From Within , identifies four health benefits linked to taking time off in an article for Inc. Time, once again, for employee benefits brokers to make adjustments. Still more American employees don’t take their full allotted vacation time.

Simplifying The Complex—5 Misunderstood Employee Benefits

PlanSource

Employee benefits are complicated, to say the least. With more options than ever before, an overwhelming amount of information and confusing HR lingo, it’s no surprise that 50% of employees don’t understand their benefits. But what’s missing the mark for employees? We’ve got the scoop on five of the most misunderstood employee benefits and several tips to help bridge the gaps in education. Access FREE materials in our benefits video library.

6 Employee Benefits That Will Drive Engagement In 2020

PlanSource

You’d be hard-pressed to find an owner or manager that doesn’t recognize the importance of employee engagement. It’s a fact: The more actively engaged your employees are in their work, the more productive they’ll be. 5 Best Practices for Selecting Employee Benefits .

3 Employee Benefits Startups To Watch in 2020

PlanSource

2019 was an exciting year in employee benefits. We also watched several employee benefits startups emerge and mature as companies begin to look for creative ways to diversify benefits and elevate the employee experience. .

3 Employee Benefits Trends Driving Change In 2020

PlanSource

2019 was a busy year in human resources and employee benefits. Several states issued new laws that expanded regulation on everything from parental leave to classifying contracted employees. Here’s a quick breakdown of the top benefits trends for 2020. .

How To Prevent Bad Employee Benefits Decisions

PlanSource

It’s no secret that employee benefits are one of the largest items on a company’s balance sheet. In fact, 2016 data reports that 7.5% of a company’s operating budget, on average, is spent on providing health care benefits. Employee Communication.

The 80% Blind Spot: Are You Ignoring Most of Your Organization’s Data?

Ultimate Software

Decision-makers love data. In fact, in the sixth annual “ Big Data Executive Survey ” representing senior executives from 57 large corporations, 99% of responders reported transitioning to a more data-driven culture and a full 97.2% had invested in Big Data and AI initiatives. Yet only one-third considered themselves successful in developing a data-driven organization, a disconnect that’s been apparent since the first survey in 2012.

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Benchmarking and Surveys Gauge if Employee Benefits are on Target

Corporate Synergies

What kind of health and welfare benefits attract and retain employees? With unemployment at a 50-year low, health and welfare benefits have become a big differentiator for employers, which means they need to be competitive to attract and retain employees. 1 What are competitive employee benefits? It’s no longer affordable to offer “Cadillac” plans with low employee contributions. What do your employees want? Employee premium cost.

How Do Employees Benefit from Nurse Triage? Data from Our Center

Continuwell

Companies today are paying close attention to the healthcare resources they make available to employees. These nurses also triage employees to determine what level of care is needed to treat their symptoms. We first looked at the data results from callers who were not planning to go to the ER to understand how apt people are in determining if they are having a serious symptom. The post How Do Employees Benefit from Nurse Triage?

10 Employee Benefits To Support Mental Health

PlanSource

Mental health data can be the most difficult to track, and for that reason many employers may have a hidden problem with mental health in their workforce. 1 in every 5 Americans has a mental health condition, and there’s no better time than Mental Health Awareness Month to evaluate your benefits package and ensure that it supports employees holistically. Open enrollment will be here before you know it , so now is the time to refresh your benefits strategy!

10 Employee Benefits Stats You Can’t Ignore In 2020

PlanSource

A quick internet search will yield plenty of results for searchers seeking up-to-date facts and statistics about the current state of employee benefits. We’ve cut through the noise with 10 thought-provoking employee benefits stats to consider for your 2020 planning. 43% of employers increased benefits in 2019 in order to stay competitive in attracting and retaining talent. When’s the last time you evaluated and revamped your employee benefits?

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? .

Understanding the Basics of Payroll, Compensation and Employee Benefits

StarGarden

Payroll, Compensation and Employee Benefits are among the foundational building blocks within an organization to support your human resources - the people that work for you. Benefits Benefits;/Payroll Compensation /HCM HR data Payroll

10 Employee Benefits For Better Mental Health

PlanSource

Mental health data can be the most difficult to track, and for that reason many employers may have a hidden problem with mental health in their workforce. 1 in every 5 Americans has a mental health condition, and there’s no better time than Mental Health Awareness Month to evaluate your benefits package and ensure that it supports employees holistically. Open enrollment will be here before you know it , so now is the time to refresh your benefits strategy!

The State of Employee Benefits – #SHRM17

Robin Schooling

In conjunction with the SHRM 2017 Annual Conference and Exposition, SHRM released their 2017 Employee Benefits report (you can download the report here ). There’s lots of interesting information and data; one key finding is that organizations that added to their benefits offerings were most likely to do so in the wellness and health-related benefits areas. The new data show that: 95% of organizations provide health care coverage for same-sex spouses.

Why You Need a Seamless Hiring, Payroll and Employee Benefits Platform

Hireology

The more time HR leaders spend on manual tasks, the longer it takes to move forward with hiring steps and get back to current employees who have HR-related issues or questions. Ultimately, this leads to both a frustrating candidate and employee experience. . To cut back on administrative tasks, your team can partner with a seamless hiring, payroll and employee benefits platform, which can make HR processes more efficient, saving your team time and money.

Employee benefits: A guide on common and best benefits

Workable

Employee benefits have become an essential part of any competitive compensation package. From law-mandated insurance to free snacks, benefits and perks can play a big role in talent attraction and employee retention. Before we get into the nitty-gritty of employee benefits (or fringe benefits), let’s define the term: Employee benefits are any kind of tangible or intangible compensation given to employees apart from base wages or base salaries.

SHRM Survey Highlights The Latest Employee Benefits Trends

Extensis

SHRM releases their 2019 Employee Benefits Survey results recently which revealed some trends and data, such as the the most increased benefits

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Combating the Substance Abuse Epidemic Through Employee Benefit Programs

HR Daily Advisor

In addition to the damage addiction causes individuals and their families, the estimated economic costs of employee substance abuse—a staggering $442 billion in annual losses due to decreased worker attendance, lower productivity, and poor health—have grown into a financial leviathan for employers. An employee assistance program (EAP) is a non-major-medical plan that provides a wide variety of services, including (in most cases) assistance with alcohol and substance abuse.

Creating the “Urgent Care First” Mindset for Employee Benefits

Corporate Synergies

Adopting an urgent care first mentality can help employees and employers control healthcare costs. That’s why it’s important to guide employees to adopt an “urgent care first” mentality. Still, when a severe sore throat and high fever strike on a weekend and the doctor’s office is closed, employees may gravitate to the ER because they’re sick and need help right now. Avoiding the ER for non-emergency treatment requires the employee to consider urgent care first.

3 Ways to Better Manage Employee Benefits

Namely

As a benefits professional, I frequently stumble across industry studies and insights that emphasize the critical role of employee benefits in the workplace. Whether the suggested strategies center on offering more affordable benefits or more variety, they all lead back to the overall impact of employee benefits on recruiting, retention, and satisfaction. And yes, they need a system to make benefits management easy. Benefits

Employee Benefits FAQs—50+ Questions and How to Answer Them

PlanSource

If there’s one universal truth about employee benefits, it’s this: they are complicated. . For employers, benefits are quite complex to administer and manage and difficult to communicate. For employees, benefits are difficult to understand and actually use—and the data supports this assumption. . Half of employees (49%) say making health insurance decisions is always very stressful for them. Q: What types of employee benefits am I eligible for?

Tips for Marketing Voluntary Employee Benefits to Your Clients

InfinityHR

The truth is, employees today want more than what employment opportunities have traditionally offered in the past. Those who want to stay ahead of the game have chosen to use voluntary employee benefits as an incentive, with profoundly successful results. Marketing voluntary employee benefits. Marketing voluntary benefits gives companies an extra “wow” factor in the eyes of applicants. Employees are not the only ones to gain from voluntary benefits.

The HR Playbook: Reduce Turnover with Employee Benefits

Paycor

You know benefits are important to employees, but you might be surprised how big of an impact they actually have on employee turnover. After analyzing data from more than 30,000 medium and small businesses nationwide, Paycor discovered that as organizations add benefit plans, there is a significant decrease in turnover. In fact, organizations that offered the right mix of benefits saw turnover decrease 138%. The key is finding that right mix of benefits.

ACI Global CIO Ryan Fay Talks Data Storage with BizTech

ACI Specialty Benefits

Fay was recently interviewed by Dan Tyan from BizTech Magazine to discuss creative data storage solutions for businesses managing exponential data growth. The article was published in the Winter 2018 edition, but a second interview with Fay was used for an online feature: “ 3 Questions to Kick Off Your Data Center Storage Journey. But how can IT teams be sure they’re choosing the data center storage solution that’s a right fit?

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Employee Benefits Key to Job Satisfaction, Survey Finds

HR Daily Advisor

Although American workers are split in their satisfaction levels with employer-provided benefits, companies offering benefits still have a competitive advantage over those that do not, the Employee Benefit Research Institute (EBRI) found in a recent survey. Satisfaction with an employer’s benefit offerings is crucial to employees’ overall job satisfaction and morale. Benefits benefits EBRI employer survey

Unlock the True Power of Employee Benefits

Paycor

Organizations that view their benefits packages solely as a cost of doing business are missing out on a true competitive advantage. As Paycor found from client data, one-on-one interviews and user groups used to create the HR Center of Excellence, high-performing HR teams recognize the critical role a diverse and competitive benefits package has on recruiting and retaining top talent.

Tips on Improving Employee Benefits Management

Paycor

A decade ago, standard employee benefits like medical, dental and vision insurance were somewhat of an afterthought; something employees expected as part of their job. With five vastly different generations comprising today’s workforce, and with finding top talent harder than ever, offering status que benefit packages simply won’t cut it. In fact, an Aflac study found that 60% of employees are likely to take a job with lower pay but better benefits.

Employee Benefits Benchmarking: Insurance Premiums

Zenefits

The March 2017 Zenefits Small Business Benefits Benchmark Report is now available. Representing data from more than 8,000 Zenefits customers, the report examines how plan types, contributions, premiums, deductibles, copays, and out-of-pocket costs differ across regions. As one customer said: “Please pass along my thanks to the team that created the Benefits Benchmark Report. I also have to say that in addition to appreciating the data, I feel “heard” by Zenefits.

Employee Benefits Benchmarking: Employer Contributions

Zenefits

The March 2017 Zenefits Small Business Benefits Benchmark Report is now available. Representing data from more than 8,000 Zenefits customers, the report examines how plan types, contributions, premiums, deductibles, copays and out-of-pocket costs differ across regions. In this post, we examine the Employer Contributions section of the report: Employer-sponsored health insurance is a huge part of employee benefits and a great tool for attracting and retaining talent.