When predicting benefits trends for 2019, it seems like technological solutions will be a major player in the new year. HR managers will be utilizing deep data insights into how employees use their existing benefits to create the most robust benefits package in order to attract and retain talent.
Financial wellness programs, such as those that promote savings and teach household budgeting skills through online or group instruction, are proliferating as employers invest in efforts to help workers manage their finances. However, only 30 percent of employers measure the effectiveness of these offerings, according to a 2018 study of 657 employers conducted by Bank…
The best way to help employees feel less stressed is to help them feel more financially confident. But recently, financial flexibility has taken the place of true wellness.
Financial stress affects employees’ health and it costs businesses billions each year. Employers can save money and create a healthier workforce by addressing it. The right tools can lower insurance premiums and reduce absenteeism.
Recent labor report shows that unemployment rates are at the lowest they’ve been in almost fifty years. This makes keeping talent even harder. Economists believe we are at full employment. The national average unemployment rate is 3.6%. But because the job market is tight, employers need to get creative with how they find and keep good…
Businesses feel like they’re missing out on talent because they don’t have the right perks and benefits. While perks are secondary to a benefits plan, they can’t be a passive rollout. Choosing the right perks can either amplify or damage your company culture. What is the perk for? Before buying a ping pong table for…