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IFEBP Study Shows 40% of Companies Are Outsourcing Their Benefit Functions

Extensis

Managing employee benefits has become more complex over the years, which is why more companies are choosing to outsource these functions. A recent survey conducted by the International Foundation of Employee Benefit Plans (IFEBP) estimates one-third of companies have increased outsourcing of benefit functions in the past five years.

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Gallagher Study: Top Factors Driving Employee Engagement and Retention

Extensis

Quick look: In 2021, Gallagher data showed employee engagement and retention strategies were not aligned, meaning employers had to work twice as hard to keep their top talent. However, the latest study in 2023 shows the two are converging once again, and business leaders should be ready to adapt to and optimize what’s most effective.

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Management Development Training: The New Employee Benefit?

15Five

For 15Five’s latest research study , the team did a high-dive into the depths of manager effectiveness and the impact managers have on employee experience and business outcomes. Through this research, we uncovered a considerable gap between employees and managers, particularly in how each group perceives the other.

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Employee Benefits: The Only Guide You Need

Achievers

The term “employee benefits” 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 employee benefits? . Employee benefits are non-salary compensation and perks.

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What Brokers Can Be Thankful For This Year

Extensis

Employee benefits Your clients rely on you to present cost-effective benefits packages that cater to their increasingly diverse workforces —and that need will remain steadfast. Additionally, HR Dive’s latest Identity of HR report discovered over half (57%) of surveyed businesses utilize benefits outsourcing/consultants.

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Employee Benefits Survey: A Strategic Tool to Enhance Workplace Happiness

Empuls

Here's how they transformed their culture:  Following a period of internal transformation, GPTW recognized a need to revamp its employee initiatives. A company-wide survey revealed significant drops in employee satisfaction with rewards, communication, and involvement.   Why conduct an employee benefits survey

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How to Utilize an Employee Benefits Survey

Workify

Indeed, this has been one of the key influencers of employee turnover during the Great Resignation. A recent study found that 43% of respondents cited insufficient benefits as a reason they left a job during this period. This is where employee benefits surveys can help. Why Perform a Survey on Benefits?