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Here, discover the key insights outlined in ExtensisHRs 2025 HR Trends Report and learn how brokers can leverage these emerging developments to strengthen client relationships. To foster success in 2025, clients should confirm their benefits packages remain relevant or adjust them accordingly.
In 2025, organizations are increasingly adopting headcount management software to streamline employee data management, optimize workforce planning, and forecast future needs. Benefits administration : Manages employeebenefits and tracks related costs.
In 2025, several top-tier HR software solutions are tailored specifically for the healthcare sector. It automates payroll processing, streamlines employeebenefits administration, and provides compliance assistance to ensure adherence to labor laws.
Several trends in traditional and non-traditional benefits are poised to transform the HR and benefits landscapes. GENERAL TRENDS Rapid technological advancements and shifting employee expectations have added another layer to recruiting and retaining top talent. This change will go into effect January 2025.
Under the new benefit, which will be available to eligible employees starting in January 2025, Walgreens will contribute up to 4% of workers’ eligible compensation to their 401(k) accounts when they make student loan payments. of their income to retirement over a three-year period, on average, compared with a 5.7%
Quick look: As 2024 comes to a close, it’s time for HR professionals to review, reflect, and fine-tune their processes to ensure compliance, enhance employee satisfaction, and streamline operations. Two critical tasks: ✓ Review benefits enrollment: Make sure changes in employeebenefits for the new year are processed correctly.
employers are shuffling their employeebenefits priorities for next year, according to a new survey, moving away from new mental health initiatives and instead prioritizing efforts to control rising healthcare costs. 1 focus for new benefits initiatives at organizations with at least 500 employees.
As we step into 2025, the corporate landscape is undergoing seismic shifts, driven by technological advancements, shifting employee expectations, and an increasingly globalized workforce. In this era of transformation, employeebenefits have emerged as a strategic lever for attracting, retaining, and engaging top talent.
When it comes to 2025employeebenefits trends , many companies are seeking innovative solutions to meet the changing needs of their workforce. Shaped by changing work environments, economic pressures, and technological advancements, the following trends are emerging as essential components of a competitive benefits package.
These trends underscore the continued evolution of HR technology as a critical enabler of business success, especially as companies focus on skills, retention, and employee well-being in a competitive labor market. This acquisition highlights the growing focus on comprehensive benefits packages to attract and retain talent.
. - Advertisement - New research out this week from The Conference Board found that—of the 300 compensation leaders the organization surveyed—projected salary increase budgets for 2025 are expected to edge up about 3.9%, a slight increase from the actual 3.8% The post What will salary increase budgets look like for 2025? in 2023. .”
. “When properly integrated with core lines of coverage, employers experience significantly higher [voluntary] benefit utilization, streamlined administration and greater employee satisfaction.” “Voluntary benefits remain a vital part of the employeebenefits package.
Whether your HR team is aiming for higher HDHP enrollment, greater wellness program utilization, or improved benefits literacy, achieving your goals in 2025 will invariably depend on your company’s employees learning something and, crucially, retaining that knowledge throughout the year. Are you sensing a common theme?
Financial flexibility and wellness tools such as on-demand pay and earned wage access are becoming significant levers for employeebenefits, and tech firms are responding with innovative options to meet this growing demand, according to industry analysts. workers and hundreds of thousands of customers, says Boese.
Though MHPAEA has been in effect for more than 15 years, employers have thus far struggled to apply the law in a way that satisfies the federal agencies overseeing compliance, said Sarah Raaii, a partner in the employeebenefits and executive compensation group of law firm McDermott Will & Emery LLP. 9 statement.
Right now, most employers are updating their employeebenefits plans for 2025. If you have a corporate relocation program, you should update those benefits, too. And of course, you can’t know if your benefits will remain competitive…unless you know where the rest of the market is headed. Budgets do, too.
Employees are the backbone and driving force of any business, and with EmployeeBenefits Day fast approaching, now is the perfect time to strengthen your workforce for the long haul. EmployeeBenefits Day provides a meaningful opportunity for you to show appreciation and prioritize the needs of your employees.
Weve watched the buzz around the “No Tax on Overtime Bill” grow louder in 2025. The question on everyones mind is: When does the No Tax on Overtime Bill pass in 2025? If it clears the Senate and lands on the Presidents desk, the No Tax on Overtime Bill pass date could be just weeks away or it might drag into late 2025.
Quick look: A new year is quickly approaching, and with it comes a new set of contribution limits for retirement accounts, health savings accounts, flexible savings accounts, and commuter benefits plans. Employers and their staff should review these new figures set by the IRS and adapt their 2025benefits plans accordingly.
Layoffs are burning through every industry , economic uncertainties have employees worried for the future, and change is rifling through every organization, seeing what it can dig up next. Under such circumstances, it is more important than ever to understand HR best practices in 2025. What are HR best practices?
Heres a look at the top 10 HR software solutions for construction companies in 2025. Conclusion Choosing the right HR software for your construction company in 2025 depends on your business size, budget, and specific workforce management needs. hh2 Best For: Construction companies needing strong payroll and time tracking integration.
A new year brings new contribution limits for various employeebenefit plans. If you’re currently offering benefits or looking to enhance your benefits package in 2025, you need to be aware of the changes to maximum contribution limits.
The upcoming 25% auto tariffs on imports from Canada and Mexico are set to ignite a full-blown trade war that will only end with more layoffs in 2025. The US auto industry employs over 850,000 workers, with many links to the North American supply chain so tightly the effects of US car tariffs in 2025 would only devastate their futures.
The term “employeebenefits” is used regularly, but often with a limited, traditional definition in mind. The traditional concept refers to legally mandated benefits plus a few voluntarily added by employers. What are employeebenefits? . Employeebenefits are non-salary compensation and perks.
It was a time of uncertainty and back-and-forth changes, but what evolved was an insightful perspective of what employeesbenefited from most which ultimately set the tone for expectations today. This coming together of brokers and PEOs reflects where we are in 2025. Everyday life radically shifted, including the way we work.
Recent economic pressure has put financial wellness benefits in the spotlight. 2025 is a pivotal year for reassessing how employee wellness impacts organizational success. Stress has long been known to damage employee mental health, productivity and retention. As the workplace evolves, so must employeebenefits.
ALI 12th Annual Strategic Internal Communications – West January 28-30, 2025 in San Francisco, CA This two-day conferencewith pre-conference workshops on January 28focuses on helping internal communicators boost culture, employee engagement, and collaboration. Theyre immersive, hands-on, and informed by data and case studies.
WorkBright : Best for onboarding remote employees and ensuring compliance without the paperwork. GoCo : Best for automating HR compliance and managing employeebenefits in a customizable platform. Detailed Overview: Best HR Compliance Software in 2025 Keka HR Visit Website Read more + Why Keka HR?
Back to Blogs The future of employment benefit programs: Whats trending in 2025? Great people, phenomenal benefits read one summary. This tells me that while every employee is different, this reinforces just how powerful the right benefits can be in shaping employee satisfaction and retention.
To hire and retain the right people, you’ll need to offer reasonable compensation and benefits. A robust compensation package takes the form of financial (base) pay and employeebenefits. You must follow market trends across your field, as well as adjacent fields since many of the best employees can come from other career areas.
Every year, HR professionals are tasked with announcing changes to employeebenefits plans during open enrollment—from new healthcare plan carriers to higher deductibles or a reduction in benefits offered. It’s a challenging responsibility, especially if HR expects employees might not receive the news well.
However, human capital management does have a distinct focus that organizations will want to consider as they work on improving their HR practices or building their HR strategies for 2025. Compensation HCM strategically offers compensation through salaries, bonuses, perks, and employeebenefits to attract and retain top talent.
Employer healthcare spending is projected to jump nearly 8% in 2025—the largest year-over-year projection increase in more than a decade—according to a survey released this week by Business Group on Health. million employees in the U.S. Overall, although the 2025 projected increase is only slightly larger than the 7.2%
Compared to years prior, employees are more interested in retirement benefits and paid leave opportunities. Here are the most important benefits your company needs in 2025. Financial wellness remains atop the benefits trends The common thread that connects most employee concerns is a high level of financial stress.
For deeper insights backed by industry leaders, be sure to download the ExtensisHR 2025 HR Trends Report here. Artificial intelligence (AI) is now involved in daily tasks, employee expectations have deepened, and adapting to and preparing for change and uncertainty is increasingly important.
As we step into 2025, businesses face an increasingly challenging environment of regulations, workforce dynamics, and economic challenges. Here are some reasons why working with a PEO is a strategic move for businesses in 2025. The post Why Partnering with a PEO is a Smart Move for Businesses in 2025 appeared first on Helpside.
In 2025, businesses can no longer get away with ignoring technology at work. HRIS offers many benefits that an organization can utilize and customize to suit its needs. What to Look for While Making HRIS Comparisons in 2025? Comparing BambooHR and Workday for 2025 requires us to look at a few different facets of the tools.
Quick look: As 2024 comes to a close, its an opportune time for brokers to review trends from the past year and brainstorm ways to improve in 2025. Heres a glance at the average experience of employees in our different departments: Department Average Experience of Staff HR Services 12.3 years Benefit Operations 8.4
Advertisement - The Internal Revenue Service recently announced that for the calendar year 2025, the health savings account contribution limits for individuals with self-only coverage will jump to $4,300—up $150 from $4,150 for this year. for individuals and 3% for families next year. The increases nearly mirror the 3.3%
Key takeaways: Employees in 2025 seek financial wellness benefits like Earned Wage Access and savings programs. Providing personalized financial education can empower employees to manage their finances. Implementing these benefits can lead to increased job satisfaction and loyalty.
HSA administrators have until June 2, 2025 to issue Form 5498-SA to HSA participants. Subscribe to our blog for the latest insights on employeebenefits. This blog post was most recently updated in March 2025. On the other hand, a 5498-SA reports contributions. This form is not a requirement when filing taxes.
Research on workplace empathy reveals alarming gaps between employees’ mental health needs and the support they receive from their employers. Consider employeebenefits , for example. In a 2024 Businessolver survey, 90% of employees said having mental health benefits available at enrollment was important.
There is a lot of uncertainty about who qualifies for the up to $1400 stimulus check in 2025 and how to apply for it, and many employees may be unaware of the opportunity to claim these credits. Who Qualifies for the $1400 Stimulus Coming in 2025?
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