How to Offer the Right Benefits Advice to Clients
Human resource professionals need to consider company characteristics when offering benefits consultancy to clients.
Tag: Employee Benefits
Employers Becoming More Creative in Efforts to Cut Costs
Employers face two important challenges with their benefit programs: meeting employee demands for personalized coverage and continuing to manage costs. This year, employers are exploring some innovative approaches to achieving both goals. Many of these changes also serve to drive consumerism and healthier behaviors—leading to both short- and long-term wins for employers and employees.
Millennials Need a Little Help with Money—How Employers Can Step In
Across the board, Americans are struggling with their finances. Student debt is continuing to skyrocket, the average retirement age is slowly climbing, and 65% of Americans have little or nothing in their savings accounts. For Millennials, the problem is only exacerbated—most plan to retire at 60, yet a staggering 66% have nothing saved for retirement. […]
An Employee Perspective on Workplace Trends
New research from Paychex sought to learn what employees, not employers, have to say about what shapes an organization. The research offers a useful perspective for any HR professional that wonders what the employees are thinking about benefits, retirement, pay equity, ghosting, and more.
2019: The Year of Employee Benefits
Saturated with jobs and lacking enough people to fill them, the tight labor market continues to make headlines, and for employers it’s not just a news story. Instead, it is a new reality that will be here for the foreseeable future. Making your organization stand out from the crowd is increasingly important—and more challenging.
A New View of Employee Benefits
Employers today face a variety of challenges related to employee health, ranging from increasing costs, work-related stress, and dissatisfaction to reduced productivity and engagement.
Do Your Employees Know the Actual Cost of their Total Compensation Package?
Most employees think of compensation primarily in salary terms, but how aware are they of the total cost of their compensation package? And are employers properly communicating the value of benefits?
Hiring in 2019? Here’s How to Attract the Best and Brightest
With the new year in full swing, many companies may be looking to fill recently allotted roles. Hiring competition is expected to be fierce among employers—just last November, the increase in new jobs added to the market was double the number of people entering the labor force each month.
Majority of Jobseekers Want Health and Wellness Benefits from New Employers
It’s the new year, which means many have resolutions to get or remain healthy in 2019. One way of doing this is by seeking out employers who offer health and wellness benefits. In a candidate-driven market, employers who offer such benefits will be able to quickly attract talent.
PBGC Single-Employer Program Shows Improvement; Multi-Employer Program Faces Insolvency
The balance sheet for the Pension Benefit Guaranty Corporation’s (PBGC) single-employer plan moved into the black in the latest fiscal year (FY) to continue a trend of better results, but the multiemployer plan remains in deficit and at risk of insolvency in as few as 7 years, according to the agency’s FY 2018 Annual Report.