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. That’s the case for any employee benefit, from time off to healthcare to flexible work arrangements to workers’ comp insurance. Naturally, most businesses can’t afford the king suite of benefits—unlimited PTO, free insurance, etc. My employees have been around for years.

13 Employee Engagement Trends for 2020

Vantage Circle

Employee engagement is a very abstract concept. It is the “emotional connect” that an employee feels towards its organization. Same goes for employee engagement. With every new generation in the workforce, employee engagement trends change drastically. Business leaders and managers must keep themselves updated on these engagement strategies. 13 Employee Engagement Trends for 2020. Employee Engagement

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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.

12 Amazing Employee Engagement Survey Questions To Ask

SurveySparrow

Engaged employees are productive hard workers who are positive and passionate about their organization. After all, happy employees equal happy customers right! Let’s take a look at why employee engagement surveys and employee experience management are crucial.

10 Employee Engagement Trends for 2019

Vantage Circle

Employee engagement is a very abstract concept. It is defined as the “emotional connect” that an employee feels towards its organization. However, reports and statistics reveal some common drivers of employee engagement. And Employers must keep themselves updated on these employee engagement trends and statistics. Same goes for employee engagement. 10 Employee Engagement Trends for 2019. Employee Engagement General

10 employee engagement activities that work like magic

PI Worldwide

Engaged employees go the extra mile because they’re emotionally invested in their company’s success. And companies with engaged employees benefit financially. As noted in the 2019 Employee Engagement Report , one Best Buy store quantified the annual value of a 0.1% increase in engagement: $100,000. These 10 employee engagement activities are designed to build engagement across the organization: 1.

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. According to a study by Gallup , increased employee engagement can lead to a 21% spike in productivity—and a 22% spike in profits. More than just a competitive salary, you also need to offer strategic benefits to keep your employees engaged.

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. . What new benefits tech companies are making a splash in 2020? We’ve scoured the interwebs and identified three hot employee benefits startups. — Pilot—Software-Based Employee Coaching.

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!

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. Many large employers have rolled this handy financial wellness perk into compensation packages as a way to attract and retain talent (notably, millennials) and provide better financial wellness support to employees across the board. . While innovative, student loan debt repayment as an employee benefit might not make sense for every employer.

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. There’s a fine line to walk between offering appealing employee perks to remain competitive and keeping company costs in check. Help employees make better benefits decisions. Employee Communication.

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?

4 Ways Employee Engagement Has Improved in the Past Decade

Hireology

Employee engagement is critical to building long-term relationships and boosting productivity across your team. And thanks largely in part to the latest technology, employee engagement has improved significantly in the past decade. . Many employee tasks that were previously manual or tedious are now automated, and technology empowers employees to tap into more flexible work arrangements when needed. Centralize employee benefits .

15 employee engagement ideas to try in 2017

Interact-Intranet

are engaged and that engagement costs companies between $450 and 550 billion each year. Recently, Gallup released the latest State of the American Workplace report, with fresh data on everything from engagement to retention. As it turns out, even the most engaged segment of workers surveyed (managers and executives) are only reporting 38% engagement – barely over a third. Why should I worry about employee engagement?

#HotInHR: 2017 Employee Tenure Trends, How Managers Drive Employee Engagement, Things I Loved About #SHRM17

Advos

How Managers Drive Results and Employee Engagement at the Same Time – HBR. RESEARCH] An examination of 360-degree assessment data from more than 60,000 leaders showed that leaders who were rated in the top quarter of both skills ranked in the 91st percentile of all leaders. HotInHR: 2017 Employee Tenure Trends, How Managers Drive Employee Engagement, Things I Loved About… Click To Tweet. Tags: Employee Benefits.

Drive Employee Engagement with Transparency into Overall Benefits

Hireology

During the hiring process, prospective employees are likely the most excited about what your team has to offer and your overall benefits. But it’s critical to keep this momentum going once new hires are on board and encourage ongoing employee engagement. . One way to keep employees motivated about doing great work for your team is by providing ongoing transparency into the benefits your team has to offer. Make Employees Feel Valued.

Bespoke Benefits: The Future of Employee Engagement

HR Daily Advisor

Employer benefits are no different. As diversity and inclusion become more important, companies that focus on employee engagement through workplace programs have learned that providing allowances increases employee participation by as much as 3 times more than companies that offer subsidies alone. Bespoke Benefits with Employee Allowances. What are employee allowances? Employee allowances empower [our] employees with choice.”

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.

Boost Employee Engagement and Loyalty with Financial Wellness

Best Money Moves

In this week’s Best Money Moves roundup, we take a look at news stories and new research studies that may impact employee benefits and HR issues. With everything we now know about employee financial wellness , financial stress and financial education, there’s no wonder that employees and employers alike are witnessing significant growth of financial wellness programs in the workplace. Are you on top of your employee retirement contributions?

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.

Employee Engagement Trends: Mental Health, Remote Work, and Social Media – 2020

Contact Monkey - HR

One of the hottest topics in the internal communications space is employee engagement. Whether looking at past or present data, there are a lot of employee engagement trends to take stock of, especially as we move towards an increasingly digital world and workplace. . Even though employee engagement is something that companies deal with internally, the effects of lower levels transcend the office walls. What is Employee Engagement? .

The Solution to Employee Engagement Is Easier Than You Think

Namely

Employee engagement. But we’re pleased to announce some new data that suggests engaging employees in a healthy workplace culture is much more straightforward for HR than we all may have thought. Of course, to quote George, “It’s difficult to research, write about, or discuss culture without the topic of employee engagement entering the picture.” So what role does engagement play? Employee Engagement HR

Benefits news you may have missed: Sept. 28-Oct. 2

HRExecutive

The jobs site, which often polls employers on work-related issues, recently rolled out a slew of new benefits, including self-care days, a new flexible working approach and childcare help, in response to employee pain points being exacerbated by COVID-19.

CHRO 66

Five Barriers to Improving Employee Engagement

Energage

And How Top Workplaces Prevent These Challenges on the Engagement Journey. After much debate about the merits of employee engagement, even the most critical executives will now admit employee engagement is a tremendous asset to an organization – perhaps even a strategic advantage. Deloitte’s 2017 Global Human Capital Trends report pointed to “The Employee Experience: Culture, Engagement, and Beyond” as a top trend.

HRE’s number of the day: time wasted on HR tasks

HRExecutive

40 million: the number of hours employees waste each month completing HR-related tasks. The time employees waste on completing HR-related tasks adds up to 40 million hours each month and about $8.15

Survey 109

Tips to Keep Employees Engaged and Motivated when they are Working-From-Home (WFH)

Vantage Circle

One of the measures taken by organizations, affecting almost all employees is the realisation that ‘work’ is not a place. " But working-from-home comes with its own set of unique challenges—both for the employees and employers. So how to make sure employees are engaged and motivated even when they are away from their traditional work environment? To keep the workflows moving, create a virtual office for employees. Keep them engaged with Recognition.

Driving Employee Engagement: 4 Criteria to Look for in a Payroll and HR System

Hireology

Your team likely puts a lot of effort into keeping candidates engaged throughout the hiring process but it’s just as important to support employee engagement post-hire. In today’s applicant-driven economy, if you don’t offer your team a top-notch employee experience, your most qualified employees won’t hesitate to seek opportunities elsewhere. . Most employees spend the majority of their first day filling out administrative paperwork.

6 Amazing Benefits Of Employee Engagement

SuccessFactors

Employee engagement has become a focal point in today’s workforce because companies are finally beginning to grasp that in order to keep their customers happy, they need to have engaged employees. But according to Gallup , only 33% of employees in the U.S. were engaged—i.e., Worse, employee disengagement costs the U.S. The same study reveals that from 2012 to 2016, employee engagement increased by only 3%. Increased employee loyalty.

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.

How HR tech can help manage COVID compensation changes

HRExecutive

For starters, it’s clear that accurate total reward data and a strong strategy are especially critical in the current unsettled economic climate. With some employers restructuring their workforces in response to the coronavirus’ impact, many lack a clear grasp of employee costs.

Want to improve employee stress? Look at coaching, development

HRExecutive

Employees feel like they are always on and constantly monitored,” he tweeted. Coaching & #mentoring are on [right now], as #careerdevelopment is key lever for attraction, engagement, & retention, plus DEI efforts,” he tweeted.

3 ways to address – and correct – turnover

PeopleStrategy

Meet staff demands for new benefits. Improving employee retention helps you reduce the costs associated with hiring new employees. Benefits play a major role in attracting new employees as well as retaining top talent. In fact, a survey conducted by Harris Poll on behalf of the American Institute of CPAs found that most respondents (80%) would choose a job with a benefits package over one without it even if the job with no benefits offered a 30% greater salary.

Improve Employee Engagement with User-Friendly HCM

Synchr

A helpful way to improve employee engagement on every level is to provide employees with the right self-service tools they need to spend more time focusing on their core job responsibilities, versus running around trying to track down standard information about their benefits and pay, for example. A user-friendly employee portal offers value in several ways: Streamlined Approach.

3 Practical Ways to Help Employees Benefit from Emotions

Bonusly

The young employee who expressed frustration in an open letter to the CEO of Yelp exemplified for many that stereotype. All decisions are based on logic, data, and emotion. Emotion may not register when logic and data make the decision clear, but we still choose what we believe will maximize positive feelings and minimize negative feelings. Thousands of studies show it benefits leadership , job performance , job satisfaction , happiness , and well-being , to name a few.

Steps to avoid remote bias in a post-COVID world

HRExecutive

By being in the same space as everyone else, including leaders, employees feel more empowered to speak up and share their feedback and ideas on equal footing. Before you are in the heat of the debate, clearly articulate what objective data and metrics will be used to guide decision making.

CHRO 94

Financial Wellness: How to Stretch Your Healthcare Dollars

Flimp Communications

Not all health plans allow for HSAs, though, so make sure you look to offer plans with tax benefits employees can take advantage of. There are rules to this game, some of which can be made to benefit you. Mistakes in coding, data entry and many other tasks can affect your bill. Make sure you understand balance billing and how to read your explanation of benefits. Before this whole COVID thing, I went to the doctor for a regular check-up.

Ways to reward and recognize your employees this Labor Day

PeopleStrategy

Let’s look at some of the ways you can get this initiative started and how doing so can help you improve employee engagement and productivity. Understanding the formula for successful employee recognition programs. As an HR leader, you and your team should start by determining what reward program structure will work best for your company and your employees. “Many different employee achievements are worthy of rewards and recognition.”

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. Brokers can use these shocking employee benefits statistics to put into perspective that the market for voluntary benefits is two things right now: The demand is beginning to snowball due to both employees’ and employers’ developing requirements to combat an unstable healthcare market. 5 Shocking Employee Benefits Statistics.

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. Brokers can use these shocking employee benefits statistics to put into perspective that the market for voluntary benefits is two things right now: The demand is beginning to snowball due to both employees’ and employers’ developing requirements to combat an unstable healthcare market. 5 Shocking Employee Benefits Statistics.

How to boost employee experience during crisis

HRExecutive

Over the last few years, tight talent pools had us confronting the realities of our overall employee experience—from onboarding to last day. With flexibility and remote working steadily bubbling to the top of employee expectations in workplace trends studies, many of us in HR leadership were working on multi-phased plans to address these new demands—before COVID-19 and work-from-home directives. Now in the midst of the crisis, does employee experience still matter?