Managing a multigenerational workforce is no easy feat for today’s Human Resources (HR) departments. While Boomers set sail into retirement, bright-eyed Millennials crop up in their place, bringing with them wildly different experiences and expectations that challenge the meaning of “workplace benefits” as HR currently knows it to be.
Tag: financial wellness
The financial stress that’s pressuring today’s workers is affecting their overall health, and it doesn’t help employers much either.
It’s a challenge for any company to attract top talent. This primarily rings true in a competitive labor market where unemployment sits at roughly 3.7%, the lowest in nearly 50 years.1
More and more companies are adding workplace financial wellness programs – and for good reason. Employees who aren’t worrying about financial problems on the job tend to be more focused, productive workers. A new survey says 83% of employers now offer financial wellness programs (up 20% from two years ago), and 14% plan on offering […]
In yesterday’s HR Daily Advisor we began to explore an interview with the Cassie Whitlock, HR Director at BambooHR, concerning the importance of financial wellness among employees. Today we’ll look at another benefit that they offer: twice-paid vacations, so long employees can prove they actually went.
It has never been more important to keep up with the recent trends surrounding employee benefits. After all, employee benefits are not as simple as a 401(k) plan and a healthcare plan anymore. Businesses are expanding their employee benefits and offering more resources every year. For the companies that want to improve employee retention and […]
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.
In the ongoing battle for benefits supremacy, employers are increasingly offering perks that probably never would have even crossed their minds just a decade ago. As with so many changes in the workplace these days, the shift has been prompted by Millennials, who are drawn by more than the bottom-line salary.
Both enrollment in health savings account (HSA)-eligible health plans and the number of HSAs have grown significantly since HSAs first became available in 2004; as a result, HSAs have become a significant part of employment-based health plans, according to an issue brief from the Employee Benefit Research Institute (EBRI).
Have you implemented a financial wellness program at your company? If not, you may want to consider it as more than three-quarters of workers (78%) report that they are living paycheck-to-paycheck to make ends meet.