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HR KPIs are indispensable for organizations that want to improve at managing their people. In this article, we dive into the details of KPIs in HR. In this article, we dive into the details of KPIs in HR. Contents What are HR KPIs? How does HR use KPIs to support organizational needs? Let’s dive in.
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. There are holiday celebrations to prepare for and attend, looming work deadlines, and your staff’s time off to track and plan around.
Managing a large team becomes increasingly challenging as an enterprise grows, especially when balancing HR processes like recruitment, training, and performance management. Humanresource (HR) leaders can use enterprise HR systems to keep operations running smoothly and ensure everyone stays engaged and organized through this growth.
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.
Speaker: Gary Robinson, Sr. Vice President of Consultant Relations and Nicky Brown, Vice President of Advocacy and Government Affairs at HealthEquity
According to CNBC's Workforce Survey, nearly 80% of employees say it’s important for them to work for an organization that values and prioritizes diversity, equity, and inclusion (DEI) issues.
In this guide, we’ll explore practical strategies to streamline open enrollment and how a PEO can help busy SMBs make the most of their benefit election cycle. In this blog, we’ll dive into the key aspects of open enrollment, why it’s important to companies and their staff, and three tips to improve and simplify the experience.
The healthcare industry presents unique challenges for HR professionals, from managing complex regulatory requirements to scheduling staff efficiently and ensuring seamless payroll and benefits administration. In 2025, several top-tier HR software solutions are tailored specifically for the healthcare sector.
And how as a result, we need to manage employees differently, use newer technologies, etc. But what about employeebenefits? For the past twenty years, the Society for HumanResource Management (SHRM) has been publishing an employeebenefitssurvey.
Quick look: By 2026, the HR outsourcing market is expected to grow by $10.90 Here, explore the latest HR outsourcing trends, including the various types of HR outsourcing companies, which HR duties SMBs are offloading the most, and how to choose the right partner to help your organization simplify its workload and succeed.
When you can’t always offer a higher salary than your competitors, a big difference maker can be found in your employeebenefits. Big-ticket benefits like health insurance are obvious favorites, but less expensive perks like flexible work and earned wage access also attract job seekers.
Nearly one-third of small businesses that tried to hire last year werent able to find employees who were a good fit, Gustos latest State of Small Business survey found. Bring in the bennies Benefits can serve as a cost-effective tactic for improving attraction and retention. Employees dont expect the stars and the moon, right?
Reduced work hours are never fun for humanresources professionals to announce. Despite this added stress, however, reducing work hours can still be a great option for organizations who need to limit their expenses without laying off employees. This is generally where workforce planning comes in handy.
We are slowly witnessing the resurgence of HumanResource Management, with companies actively investigating how HR teams can contribute to business growth. For years, HR teams have largely been delegated to admin tasks and rote hiring activities, but there are innumerable ways by which HR can contribute to business success.
The second is the Job Openings and Labor Turnover Survey , better known as the “JOLTS” report. As I have said before, every organization operates inside a distinct labor market and only by understanding the overall economy and relevant labor markets, both macro and micro, can one make informed decisions and plan a smart talent strategy.
Some 54% of employeessurveyed by Betterment in October 2022 said financial anxiety has impacted their ability to focus at work. And yet, just 2% of employers offer emergency savings accounts (ESAs), according to the Society for HumanResource Management’s 2023 EmployeeBenefitSurvey.
Quick look: SHRM recently released its annual employeebenefitssurvey depicting what benefits remain high-priority and which are trending upward. Though the popularity of some benefits may not come as a surprise, there are a few important changes to note which brokers can help their clients get ready for.
Walgreens plans to roll out a student loan 401(k) match program, the company announced Oct. 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.
Revisiting an organization’s employeebenefits package is essential to ensure their offerings remain competitive, sparking the need for deeper, more strategic discussions. Though standard health insurance plans are still a valuable part of the conversation, most people now seek a more customized approach.
Meanwhile, 41% of employees are dissatisfied with their employers’ well-being initiatives, while another 33% are indifferent, a WTW survey released in September found. Only a quarter of respondents would recommend their employer’s well-being initiatives and resources to friends and family. Quick-to-read HR news & insights.
With unemployment levels remaining low, HR leaders have to work extra hard to build strong and effective teams that support the company’s aims. Gen Z and Millennials, in particular , are looking for an employer who cares about their wellbeing, so creating a work culture that supports flexibility and a healthy life-work balance is key.
Thankfully, market trends are pointing toward a continued need for benefits and PEO brokers, and the right HR outsourcing partner can help them continue to meet those demands. According to market research firm Technavio , 56% of the HR outsourcing market’s expected growth between 2022 to 2026 is slated to come from North America.
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.
Quick look: While the terms talent management and performance management are often used interchangeably, they play different (yet equally important) roles in a company’s humanresource function. Talent management is the strategic process of attracting, developing, retaining, and maximizing the potential of an organization’s employees.
Most employees work 35 to 40 hours a week full-time, which sets clear expectations for their professional commitments. With a full-time work schedule, employees enjoy job security and all employeebenefits. The irregularity in the timetable may pose challenges in terms of health and planning personal commitments.
Employee engagement is often reduced to a corporate buzzwordmeasured through annual surveys and generic HR initiatives. Too often, it becomes a numbers game, detached from the deeper relationship between employer and employee. Our latest HR Trends report revealed that disengagement costs businesses $8.8
As followers of Sapient Insights Group know, we place a lot of emphasis on helping HR teams elevate the awareness of their work and their contributions to the business. In this column, I will discuss what our research says about the latest trends in benefits strategies. When you think about it, these findings aren’t surprising.
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.
By analysing factors such as job tenure, performance metrics, engagement levels, and absenteeism, HR teams can identify at-risk employees and take preemptive action. Employee Engagement Surveys Regular engagement surveys provide valuable insights into how employees feel about their roles, workplace culture, and leadership.
In the last few years, employee attention to the quality of their benefits offerings has grown—and insurance provider Hiscox recognizes that employer attention needs to match that interest, says Laila Gillies, head of HR in the U.S. Benefits have] been a growing priority for employees since the pandemic.
Every year, HR professionals are tasked with announcing changes to employeebenefitsplans during open enrollment—from new healthcare plan carriers to higher deductibles or a reduction in benefits offered. this year, according to a WTW Global Medical Trends Survey. .
Total rewards include compensation, benefits, well-being initiatives, and recognition, and help companies increase productivity, retention rates, and talent acquisition success. Here’s how to design an impactful total rewards plan, and how a PEO can help time-strapped SMBs reap the benefits of a well-appointed program.
The percentage of employers with 25 to 99 workers offering healthcare fell to 77% in 2023 from 81% in 1996, according to the EmployeeBenefit Research Institute (EBRI). It decreased to 52% from 65% among employers with 10 to 24 employees, and to 23% from 34% among employers with fewer than 10 employees.
The percentage of employers offering healthcare benefits to employees’ dependent grandchildren is on a steep rise, doubling in the past two years, according to a recent report by the International Foundation of EmployeeBenefitPlans. Behind the rapid growth of these benefits appeared first on HR Executive.
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. Working with a PEO automatically expands a brokers service offerings by providing clients with tailored HR and benefit solutions.
However, behind the scenes of every successful medical practice lies a complex web of administrative tasks, HR responsibilities, and regulatory hurdles. More importantly, drops in employee engagement rates due to burnout can lead to less-than-satisfactory patient experiences. Since healthcare professionals’ risk of burnout is 2.2
HR has evolved considerably in the past decades and continues to do so. Yet, core HR best practices have persisted, serving as guiding principles that HumanResources departments can rely on for developing people-related strategies that move their organizations forward and spur business growth. strive for best fit).
Employers have long utilized catastrophe insurancewhich typically covers impacts related to major disasters like floods, hurricanes and earthquakesto protect their businesses but increasingly are considering adding such coverage into their employeebenefits packages. appeared first on HR Executive.
To meet employees’ growing demands and help employers maximize their investment, brokers play a key role in designing benefit packages and find partnering with a PEO delivers the ideal support. 55% of employees say they are doing the same or worse financially Expensive benefitplans are limiting employees’ access.
At its heart, HR is about looking after employees by guiding them through every step of the employee journey through the core HR processes. So, what core HR processes should you focus on in your organization, and how can you maximize their efficiency? Contents What are HR processes?
The days of thinking about humanresources (HR) as merely a supportive, administrative function – say, passively managing employee documentation, overseeing timekeeping and administering payroll – are long over. So, why does HR matter? In today’s workplace, what all does HR encompass?
As the Great Resignation discussion continues to unfold in the HR community, burnout has risen to one of the top reasons for employees leaving their jobs, along with low pay/long hours and lack of recognition from supervisors. Related: What World Mental Health Day means to these top HR leaders Next, leverage technology to your benefit.
If US adults are being prescribed GLP-1 drugs for weight loss through their health plan, they’re likely getting coverage through insurance that’s employer-sponsored, recent studies suggest. Employer plans may be more likely to cover drugs for weight loss than ACA Marketplace plans given the desire to attract workers,” KFF researchers wrote.
Thankfully, market trends are pointing toward a continued need for benefits and PEO brokers, and the right HR outsourcing partner can help them continue to meet those demands. Per SHRM’s 2023-2024 State of the Workplace report , the top two concerns for organizations in 2023 were inflation (73%) and employee mental health (66%).
And most employers aren’t doing enough, according to Bright Horizons’ recent Modern Family Index Research Study , based on a survey of more than 2,000 working parents. Meanwhile, critical illness insurance can include everything from IVF and family planning to children’s medical diagnoses like Down syndrome and cystic fibrosis.
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