Controlling turnover with employee benefits

AbelHR

There is one thing that you can tinker with to boost your scores on both metrics: The types of benefits that you offer. For Example, in a recent survey by Met Life , 73% of employees said that they believed their company had a responsibility for their health and well-being and 60% said that having access to benefits that support this notion make them feel valued and appreciated and thus breed loyalty. But what types of benefits are most valuable to workers?

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.

5 Ways to Increase Employee Benefits Engagement at No Additional Cost

HR Daily Advisor

Human resource professionals know the benefits of offering relevant and effective health and wellness benefits to their employees, but keeping employees engaged with them can often feel like a full-time job. And with shrinking budgets to support benefits programs after they’re rolled out, how do you find ways to make sure your employees are getting the most out of what you’re offering? Make Your Employees More Aware.

Tracking employee health metrics: Great idea or big mistake?

Insperity

These are just a few of the ways an increasing number of businesses are procuring information about employees’ health. Since tracking employee health information is a fairly recent phenomenon, there is little legislation governing it. Information about employee health can be gathered in a number of ways. Some wellness programs ask employees to volunteer information, such as whether they smoke or exercise. Financial benefits. Benefits and Compensation

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 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. Perhaps the biggest problem with corporate wellness programs is the visceral reaction most people have to being subjected to a mild form of eugenics. What are employee wellness programs? sick days ) and increase employee productivity.

How Will the Coronavirus Impact Your Business?

Best Money Moves

Employers respond to the spread of COVID-19 with strategies to help employees who don’t want to get tested or take time off. If those employees get sick, they might try to “push through it” and bring the virus to the workplace, infecting colleagues and further limiting productivity. . Mercer has released a report to help employers understand how the spread of the coronavirus will impact their employees and how they should respond to it. Top 10 Employee Benefits for 2020.

Employee Experience 2020: 4 Key Aspects for High-Performance

Best Money Moves

Employee experience 2020: 4 key aspects for high-performance. Research by Willis Tower Watson shows a strong employee experience can boost the bottom line. A great employee experience makes a big difference. Businesses focused on a strong employee experience consistently outperform their peers by a margin of two to four percentage points across key business metrics, according to research by Willis Tower Watson. Transforming the Employee Experience in 2020.

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. Perhaps the biggest problem with corporate wellness programs is the visceral reaction most people have to being subjected to a mild form of eugenics. What are employee wellness programs? sick days ) and increase employee productivity.

7 Examples of Well Written Job Descriptions [With Tips!]

Ongig

Well written job descriptions aren’t easy to come by. Below are 7 tips based on examples of well written job descriptions I found on the web. Tip #1 for Well Written Job Descriptions: Use Questions. Well written job descriptions are conversational. Not only do they use questions, but they also provide examples of candidate benefit within the questions (e.g. ” Tip #2 for Well Written Job Descriptions: Use 1st Person/2nd Person. Top 5 benefits.

Why I Started Best Money Moves

Best Money Moves

We’ve got booths at both events (we’re booth #753 at HR Tech) and we’d love to show you our Best Money Moves financial wellness solution and explain why we’re winning awards, closing deals and making employees everywhere smarter about money. And, what if we let employees drive it?

5 questions to ask when looking for a benefits broker

PeopleStrategy

Employee benefits: an essential component of attracting and retaining the best and brightest. The benefits package your company offers has a direct impact on the lives of your employees and their families, either giving them peace of mind and security or leaving them with much to be desired. When evaluating benefits brokers, keep these five questions in mind: 1. Ask your broker whether they deal with plans in a single benefits area (i.e.

A new way to measure the return on your wellness program investment

HR Morning

One of the biggest of criticisms of workplace wellness programs is the fact that it’s difficult (if not impossible) to determine the dollars-and-cents Return On Investment (ROI). As a result, employers are turning to another metric to gauge the overall success of their wellness programs. . The latest wellness metric to gain some traction among employers: Value On Investment (VOI). Improved employee engagement (49%).

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. As a CHRO—someone with a keen interest in helping my own and other organizations maximize the value of increased remote work and ensure that the contributions of all employees are recognized—I recommend the following four things to avoid falling into these traps. This will serve them well no matter what the future holds.

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Industry Verticals, Organizational Cultures, and Benchmarking

ClaimVantage

Before I landed at ClaimVantage, I worked in the insurance industry for over 15 years, selling employee benefits (group insurance) to employers of all types and sizes. For instance, hospitals operate very differently than law firms, of course, but they also have some things in common culturally: Both industries tend to have employers that are often quite “paternal” about employee benefits.

Where Do Employees Get Their Kix?

HR Daily Advisor

Labor Day could be called the first widely provided employee perk. Since then, study after study has tried to determine what makes employees happy. If we add workplace laundries, haircuts, massages, spas, concerts, and free food, employees never have to leave the workplace.

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. NFP Acquires Benefit Administration Group, LLC and HM Benefits, LLC. Vancouver-Based Montridge Advisory Group Partners with United Benefit Advisors. Will the new ISO standard prompt companies to begin voluntarily reporting an assortment of human capital metrics?

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. This kind of turnover comes with a cost: Companies lose time, money, and business with each lost employee. The effects are well known: At a cost to the company of about $4,000 for each new hire, it’s more expensive to recruit, hire, and train new employees than to retain existing talent.

Quality Hires Take Front Stage. What’s the Catch? Paying Them Well

Compensation Today

Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger You may recall PayScale’s Turnover: The Good, the Bad, and the Ugly whitepaper in which we closely examined the reasons why employees leave otherwise good workplaces, and dispelled some common myths. What matters most to employers is why employees stay, and this comes from certain generational values and desires. The debate over how closely money is tied to employee satisfaction has been brewing for eons. Tess C.

What does workplace safety really mean?

Qualtrics

Employee safety is more than just harnesses and headgear. As well as the human impact, workplace incidents cost businesses in financial terms. There are also indirect costs to bear, including hiring and training new staff to cover absence, repairs to equipment, decreases in employee morale , increased absenteeism, and less engagement. When we think about employee safety , the image that comes to mind is often one of rules, protocols, and warning notices.

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

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.

15 employee engagement ideas to try in 2017

Interact-Intranet

Well it may be hard to believe, but even with all the attention that report’s gotten, our situation is no less dire. The report includes a number of other troubling statistics as well, such as that 51% of employees are currently looking for new jobs. With that in mind, we’ve put together a list of employee engagement ideas that have been successful for us and our customers. . Why should I worry about employee engagement? Employee Engagement in 2017.

Should my people system connect with my benefits brokerage?

Zenefits

Cultural leaders and metrics-driven experts are taking over with a mission to improve the company’s number one asset, it’s people. As a result, it naturally makes sense that brokerages and the benefits they supply need to be deeply ingrained and augmentative of the cultural strategy and the systems utilized to meet this demand. . Seeing this bridge develop isn’t just about improvement, it’s become an expectation of today’s best employees.

Does Your Organization Need Total Rewards Statement Software?

HRsoft

While mastering a total rewards program that’s attractive and effective is a daunting challenge itself, the significance of communicating that program to employees cannot be overlooked. Of course, the simplest way to find out is to ask employees. You can survey them to get candid feedback regarding your rewards program communication, and you can also consider some important metrics, such as: Questions/complaints received regarding the rewards program. Employee sing ups.

The Key to Employee Engagement: Your Net Promoter Score

HR Bartender

Workify is a technology-enabled service that helps companies measure and trend employee engagement over time through continuous feedback loops. It’s sad to say but businesses don’t appear to be really moving the needle when it comes to employee engagement. I ran across this article from Gallup that reports managers account for 70 percent variance in employee engagement. But what if there was an engagement related metric that organizations easily understood?

Gaps in Planning Impact Ability to Manage Benefits Costs, Says Study

HR Daily Advisor

A new study explores the complexity of managing benefits and the value of multiyear planning to better position Human Resources as business strategists to the executive suite. Hub International Limited (HUB)—a global insurance brokerage—has released the results of its second annual employee benefits study: Employee Benefits Barometer 2017: Why Human Resources Must Take a Long-Term View. Benefits HR Hub International study wellness

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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. Companies may be reacting to a real and growing dissatisfaction among their female employees. very few employees willing to take that full leave, as corporate culture pressures them to return early. out of 5 for the “Maternity and Adoptive Leave” metric on InHerSight.

Survey: Company Loyalty Linked To Impact Of Benefits On Personal Lives

Wellable

New data suggests that delivering a paycheck and “standard” benefits is no longer enough to retain employees. According to the Global Employee Benefits Watch report from Thomsons Online Benefits, employees want to feel personally cared about. Specifically, the survey found that employees who feel that their employer-provided benefits actually have a positive impact on their lives are 40%+ more likely to declare themselves loyal to the company.

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. to help gig economy workers improve their financial well-being. The 21st HR Metrics & Analytics Summit.

How Macroeconomics Influences HR in the Financial Sector

Get Hppy

To some, macroeconomics is merely the study of individual metrics and how they influence the behaviour of the aggregate economy. This is a basic and not entirely satisfying definition since it also focuses on trends within the economy and the impact that they have on business practices such as recruitment, payroll and employee benefits. Use Macroeconomic Trends to Shape Your Employee Benefits.

Recruiting Trends 2020 Report: Predictions for the Year Ahead

Yello

Hopefully your recruiting team has had a chance to reflect on the past year’s successes, identify areas for improvement and celebrate a job well done together. Once a niche discipline, people analytics has become another well-established function of any human resources team.

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. The 21st HR Metrics & Analytics Summit. Attend the 21st HR Metrics and Analytics Summit in Orlando, FL this February 2019. HR Metrics features executive level speakers from Allergan, NASA, Facebook, Taboola, Panasonic, Cornell and more. Newsletter: What's Hot in HR Benefits Work-Life Balance

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. The 21st HR Metrics & Analytics Summit.

Why Regular Maintenance of Your Video Library is Crucial

Employee Communications Council

Use the latest metric tracking software to monitor your video library’s impact in real time. It includes measuring important metrics to really track whether you have an effective video so you can repeat its success in the future.

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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. Personalized Employee Experience Platform Akumina Raises $7.5M Financial Wellness Platform LearnLux Raises $2M in Seed Funding. OneDigital Health and Benefits Acquires the Wladis Companies, Inc. The 21st HR Metrics & Analytics Summit.

Open Enrollment 101: The Moment of Truth – Measuring Success

PlanSource

Your employees are enrolled and all of your hard work has paid off. But, now is not the time to put your employee benefits program on auto-pilot until next fall. ” “What went well?” Company costs associated with benefits. Employee Benefits Surveys.

Best practices for recruiters during a hiring freeze

Workable

These tasks will not only fill up your time but also benefit your company immensely in the near future. Your employer brand not only impacts your candidates’ decisions, but also your employees’. Employees tend to stick with companies they respect and feel happy with, more than they would when they’re at a dull or even hostile workplace. Below, you’ll find ways to boost your employer brand from both perspectives – the candidates’ and employees’: Candidate-oriented tactics.

How to Develop a Long-Term Remote Work Plan For Your Company

Netchex HR Blog

Companies that have sent staff to work from home as a temporary measure may find unexpected benefits in having a long-term remote work plan. But as the past several weeks have proven , a remote workforce is not only feasible, it is sustainable as well. Some employees work more efficiently at home, and there’s less overhead with fewer workstations maintained on-site. Leadership needs to take stock and feedback on what worked for all levels of employees, and what did not.

The Best Features of a High-Performance Engagement and Retention Strategy

CakeHR

At the same time, businesses of all kinds have started to struggle with employee engagement. The reality, however, is that poor employee engagement is a common problem in every industry, despite the many attempts made to improve it. Employees are likely to leave for another job if they’re not engaged in their current position – and the tight labor market makes it easier than ever for them to do so. Begin With the Right Metrics. Employee health.