Benefits and Compensation

Best of Benefits & Compensation 2023

Benefits and compensation are an integral component of the HR space. They can directly influence retention and employee engagement, as they span the health, financial, and work/life balance spaces. According to SHRM, the top 5 benefits categories that mattered most to employees were health-related, retirement, leave, flexible working, and family-friendly benefits. So, what should HR leaders consider regarding these topics when preparing for 2024?

While preparing for the new year, let’s take a look back at HR Daily Advisor‘s best benefits and compensation content of 2023.

Best Practices

HRDA Shorts: What Are Best Practices for Ensuring Your Employees Are Aware of All the Benefits You Offer?

49% of employees are likely to leave their jobs within the next 12 months because of confusion or dissatisfaction about benefit schemes. How can you ensure your workers are aware of all offered employee benefits? Dawn Myers, Co-Founder of Guided Leadership Solutions, shares best practices for helping employees understand and utilize all benefit offerings.

HR Query: Companies Forcing More RTO – How Can They Make It Appealing?

Return to office mandates continue to make headlines as companies roll out demands for their employees. Archer Chiang, CEO of Giftpack, shares best practices for getting employees back into the office, how to communicate return to office plans, and more.

HR Works Podcast: Let Go of Those PTO Woes!

Vicki Salemi, Career Expert at Monster, brings us up to speed on this emerging workforce trend and identifies some of the major factors contributing to employees’ apprehension in using their paid time off. 

Managing the Challenges of Intermittent FMLA

Matters involving FMLA leave can quickly become complicated, especially in regards to the implementation of intermittent FMLA leave. Managing intermittent FMLA leave creates unique challenges for employers, especially with an increasing remote workforce.

Mental Health

HR Works Presents Pages of HR: Mentally at Work (Part I)

In part one of this two-part series, listen in as we discuss Genevieve Hawkins’ 20-year career in senior management and knowing exactly what this level of leaders face, as well as how a leader’s mental health reverberates through their ranks, the value of connection and what connection with others virtually and physically means for mental health, and more.

The Do’s and Don’ts of Employee Wellness Programs

If you’re looking to implement an employee wellness program or are simply taking stock of the one you already have, it’s essential to think over a few best practices. Here are some do’s and don’ts of great employee wellness programs. If you truly want your employees to be well, which all good HR professionals do, it’s important to consistently evaluate if your policies and programs are on the correct path.

Financial Wellness

HR Works Presents HR Work Break: Do More With Less

Over 60% of employees are worse off financially now than they were a year ago. Needless to say, many are learning to do more with less. As economic downturn looms overhead, the same sentiment holds true for HR teams, especially when optimizing benefits packages. Brandon Weber (CEO of Nava Benefits) and Dawn Sharifan (Former SVP of People at Slack & Member of Nava Benefits’ Advisory Board) join HR Work Break to predict benefits trends for the coming year and share best practices for HR professionals.

401K Matching for Student Loan Payments Finally Arrives

In this economic environment, employers are doing almost anything to attract and retain a quality workforce. Improving the suite of employee benefit offerings, sometimes without incurring major new expenditures, is top of mind for many. Enter SECURE 2.0, which includes a long-awaited 401(k) feature that has sparked employer interest for years.

Family Benefits

HR Works Presents A Seat at the Table: Supporting Your Workforce with Divorce Benefits

 Sheri Atwood, CEO and Founder of SupportPay, discusses the stigma of divorce in the workplace and its implications for employees and managers, what companies can do about divorce inequality, and more.

Employer-Supported Child Care—A ‘How-To’ Guide to Retain Talent and Boost Performance

For HR professionals who are unsure of where to begin, reviewing and researching childcare resources and guides can be a great starting point. By offering childcare support, businesses can create a win-win situation for both employees and employers by retaining some of the top talent in the country.

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