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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.

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.

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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? .

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!

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 .

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. .

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?

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.

Open enrollment planning needs to start soon

PeopleStrategy

right now with all of the challenges resulting from COVID-19, but it is a topic you will want to focus on soon especially if you anticipate changes to the benefits plans you will offer. And a big part of this analysis is examining the role your benefits broke r played.

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.

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?

Recruiting Success: Try a Student Loan Benefit Program

HR Bartender

(Editor’s Note: Today’s post is brought to you by EdAssist, one of the pioneers in providing education assistance programs that drive employee growth, retention, and engagement. In his comments, he mentioned a new trend in employee benefits: student loan benefit programs. What are student loan benefit programs? In its most basic form, student loan assistance means that the company agrees to start making payments against an employee’s student debt.

A Full Guide to Compensation and Benefits

Digital HR Tech

Compensation and benefits refer to the benefits a firm provides to its employees in exchange for their labor. Compensation and benefits are thus a key part of Human Resource Management. In this article, we will provide you with a full guide about compensation and benefits. Contents What are compensation and benefits? Why are compensation and benefits important? What are compensation and benefits? Benefits cover indirect pay.

Attract And Manage Top Talent In Your Small Business

SuccessFactors

For a small business owner, attracting and managing these vital employees can be a source of high anxiety. Stand out with your benefit offerings. However, being small often allows you to have more flexibility within your company, and with a smaller team, you can often offer unique benefits and perks to prospective employees. Implement a bonus structure in addition to annual compensation to attract and incentive your employees. Improve employee engagement.

What Is Employee Journey and How to Design an Employee Journey Map

Semos Cloud

What Is Employee Journey and How to Design a n Employee Journey Map. Find out the what, why and how of employee journey mapping to give your employees the best experience working for your company. The Definition of Employee Journey . Better employee experience .

Understand How Your Employees Breathe: 5 Most Common Employee Surveys

Semos Cloud

Understand How Your Employees Breathe: 5 Most Common Employee Surveys . Use these employee surveys to find out what your employees think and feel and advance the state of employee experience in your company. Why You Should Use Employee Surveys . Category.

Supporting The Growing World Of Independent Contractors: Standard Components of All Future Careers

SuccessFactors

The range of socially and professionally acceptable work options has expanded substantially, with win-wins for both parties, as workers gain flexibility and corporations benefit from focused resources fulfilling targeted needs. However, the ecosystem surrounding 1099 workers is still missing vital elements compared to the employer-centric environment supporting full-time employees. We look at benefit administration plays, such as benefits for part-time workers.

Top 7 HR Challenges In 2018

Empxtrack

Human Resource professionals wear many hats and manage a variety of responsibilities – from recruitment to retirement. Managing Employee Benefits. Since years, Paid Vacation Time, Affordable Care Act, 401k plans, Health Insurance and other benefits have been a pain point for HR. 23% of HR leaders believe that managing employee benefits is the most difficult part of their job. Employee Retention. Implementing Data Analytics.

How to Retain Young Talent in a Job-Hopping Culture

ACI Specialty Benefits

There used to be an unspoken social contract between employers and employees. These changing values are reflected in the job-hopping culture of Generation Z (Gen Z) employees. In addition, Gen Z is hyperaware of three financial truths: College was enormously expensive, they’re on the hook to provide for their own retirement, and they don’t want to be stuck in traditional 9-to-5 jobs. Consider, too, exactly who is training new employees. Foster Employee Growth.

Everything You Need To Know About Employee Motivation

Vantage Circle

Employee Motivation is crucial to your organisation. Employee Motivation can be defined as the attitude employees have towards their work. The Importance of Employee Motivation. Employee motivation is important to your company. What Drives Employee Motivation ?

10 ways to improve employee experience at your company

Qualtrics

Companies today can’t get by with just offering basic benefits like PTO and health insurance, they must go above and beyond and provide employees with an exemplary experience in the workplace. The employee experience is the sum of all the interactions your employees have with your company. It involves the culture, benefits, physical work environment, and tool’s you provide for employee success, and it can be linked to revenue. Invest in employee wellness.

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3 Financial Wellness Benefits Employees Can’t Live Without In 2019

PlanSource

Though this may seem like old news, and the country may seem well on its way to recovery, millions of Americans (and many of your employees) are still feeling the effect of this economic disaster in one way or another. On the opposite end of the spectrum, nearly half of American families have no money set aside for retirement. A recent study showed that almost 80% of Americans work for an employer that offers a retirement plan, yet U.S. Ready To Beef Up Your Benefits?

Top 7 HR Challenges In 2018

Empxtrack

Human Resource professionals wear many hats and manage a variety of responsibilities – from recruitment to retirement. Managing Employee Benefits. Since years, Paid Vacation Time, Affordable Care Act, 401k plans, Health Insurance and other benefits have been a pain point for HR. 23% of HR leaders believe that managing employee benefits is the most difficult part of their job. Employee Retention. Implementing Data Analytics.

The Advantages of Using Cloud Based HR Software for your Business

Mitrefinch

In the past, human resource departments were probably characterized by stacks of dusty folders where human resource policies, employee reviews, codes of conduct, and other strategic documents were stored. Generation Z, widely considered to be the first “digital native” generation, will only further benefit from digital HR as they begin to enter the workforce in massive numbers in the coming years. Some Potential Benefits/Advantages with Digital HR.

Breaking Borders: 5 Ways Analytics Can Help Drive ROI of Global Benefits

HR Daily Advisor

While analytics have become popular in the world of HR, the ability to analyze and gain actionable insights into global benefits and reward data has remained largely unexplored. Organizations are now starting to realize that they need to demonstrate concrete ROI on their benefits spend, especially since benefits make up such a huge percentage of the organization’s budget. Gain control of global benefits spend. Understand the benefits employees actually value.

The Benefits and Perks Your Company Should Be Offering

Bonusly

Employee experience matters. We focus so much of our attention on business outcomes and customers that often our employee experience is lacking without us realizing it. Are we giving them the benefits and perks that matter to them? Benefits vs. perks. Employees want perks.

5 Key Elements to Look for in a Payroll Platform

Hireology

Not only can the right payroll platform help your team stay organized, but from an employee engagement perspective, it can help make the transition from candidate to new hire seamless. .

5 Key Elements to Look for in a Payroll Platform

Hireology

Not only can the right payroll platform help your team stay organized, but from an employee engagement perspective, it can help make the transition from candidate to new hire seamless. .

Recruiting Trends 2020 Report: Predictions for the Year Ahead

Yello

HR teams will become data analysts. Making data-driven decisions is paramount for recruiters who want to become more efficient at communicating with candidates and finding the right fit for open roles. “Worktirement” will replace retirement.

HR Can be Dangerous with the Right Technology!

PeopleStrategy

Pressure to: align with company goals; be more strategic; focus on people; build/promote the company’s culture; attract, develop and retain the best and the brightest; improve employee engagement; provide programs and services that appeal to Baby Boomers, Gen X and Millenials; gather, analyze and report on “people” data; comply with increasingly complex regulatory requirements; and the list goes on and on. HR is under a lot of pressure these days.

Millennial Financial Stress Statistics 2019

Best Money Moves

Based on the most recent data, Millennials are now the largest generation in the workforce , surpassing both Baby Boomers and Generation X. Burdened with student loan debt, high costs of living and savings struggles, Millennials are also some of the most financially stressed employees. When asked what benefits they would like to see from employers, more than a third cited a student loan repayment benefit. . 5 Must-Have Benefits for Millennial Employees.

Benefits Packages that Motivate Employees and Attract Top Talent

InfinityHR

According to a Glassdoor survey , around 60 percent of respondents said they would strongly consider perks and benefits offered before accepting a job offer. In addition, 80 percent prefer additional benefits over a pay increase. Continue reading below to see the benefits packages that motivate employees the most. Why benefits packages may be more important than salary to employees. In 2019, the cost-0f-care per employee will be nearly $15,000.

Top M&A News in the HR, Recruiting and Benefits Space | 2016

Advos

M&A Announcements in the HR, Recruiting and Benefits Space | 2016. Sign-up to get our weekly recap of funding announcements, M&A and partnership news from the HR technology, recruitment, talent management and employee benefits space. NFP Acquires Group Force Benefits, Inc. TriNet Acquires Teleborder; Expands Services for Companies Hiring International Employees. PayScale acquires Denver salary data company. Digital Benefit Advisors Acquires USBC.

AON 68

Whole-Self Benefits

HRO Today

A holistic benefits plan is at the top of the wish list for today’s employees—here’s how to create one that stands out. Employees across all generations are electronically tied to the office and have the ability to work outside of traditional hours. As a result, some organizations are playing an active role to ensure that their employees remain happy and healthy in all facets of their lives. flexible working benefits (28 percent). Talk to employees. “As

What’s the real ROI on your benefits programs? How to find out

HR Morning

Given the ever-increasing costs of employee benefits programs — and the need to maintain them in order to attract the best talent — it only makes sense to know exactly what you’re getting for your benefits buck. As big data continues to drive business decisions, professionals in every vertical are scrambling to make sense of the numbers to determine how time and resources should be spent more efficiently. Prioritizing employees’ needs.

Are Employee Compensation Statements Worthwhile?

HRsoft

Your employees know how much goes into their account on pay day, but do they really understand all of the ways in which they’re being compensated? Some compelling survey findings from the International Foundation of Employee Benefit Plans ( IFEBP ) reveal that they don’t.

The Top Human Resources Topics #HRtalk

Advos

recruiting, talent management, benefits, etc.). In addition to streaming tweets we also, when publicly available, streamed LinkedIn and Facebook updates from this data set of active Twitter IDs. Finally, we analyzed RSS feeds for about 2,000 HR blogs and other media properties in the HR, recruiting and benefits space. From this data we identified the most popular human resource topics for the last three months. Popular topics show up a lot in analyzed data.

3 Key Challenges of Complexity Solved by Automation

Unicorn HRO

From hiring to retiring and everything in between, HR is deluged with process requirements that can be cumbersome to manage and subject to human error when done manually. By leveraging the power of cloud technologies, specifically SaaS-based solutions and mobility, HR departments can transform the chaos of day-to-day operations and more efficiently manage all aspects of the employee life cycle. Employee Engagement. Communication is another employee engagement solution.

Celebrating HR Wins – Relive The Magic of ‘Shots of Success’ 2018

PlanSource

See first-hand how our clients and partners have overcome some serious HR and benefits challenges and help us celebrate their wins! Employees Own Their Experience. The Company : Silicon Valley tech leader, $200B market cap, 80,000+ employees, 96 countries.