This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Several lawsuits highlight employers role negotiating health plan contracts with pharmacy benefit managers ( PBMs ) that include pricey prescription drugs, and seek to hold them accountable under the Employee Retirement Income Security Act of 1974 (ERISA). The most recent lawsuit was filed by JPMorgan employees on Mar.
Managing humanresources is one of the most critical yet time-consuming aspects of running a business. From recruiting employees and handling payroll to ensuring compliance with labor laws, HR tasks require constant attention and expertise. HRO can be structured in different ways.
HumanResource (HR) services have become a critical component of business success, particularly in a globalized economy. With the increasing complexity of workforce management, HR service providers offer a wide range of solutions to help businesses attract, retain, and manage talent effectively.
Quick look: A new year is here, and with it comes a fresh set of workplace trends, from further incorporating artificial intelligence into daily tasks to designing comprehensive succession plans. As a result, many now value financial wellness programs. You may also download the entire report using the button below.
How employeebenefitsplans will look this time next year is anyone’s guess, but one thing’s for sure: traditional packages will be replaced with plans that cater to remote and dispersed workers for the foreseeable future. Download the guide for recommendations on where to start.
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.
As an HR professional, you know how hard it can be to keep all of your ducks in a row. Managing the long list of humanresources (HR) tasks, whether they’re annual, quarterly or everyday processes, can be overwhelming. “Streamlining your HR responsibilities is key to departmental efficiency.”
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.
The HR technology market in 2024 was a story of resilience and growth amidst a rapidly changing global landscape. From groundbreaking mergers and acquisitions to the introduction of innovative solutions that redefine talent management, payroll, and employee experience, 2024 has proven to be a year of transformation. With the U.S.
Employers’ wellness programs aren’t working well. The pandemic spotlighted employers’ need to pay more attention to workers’ mental, emotional, financial, and social well-being. Many implemented programs to help employees manage their mental and physical health, time, and money. That’s down from 49% in May of 2020.
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, in turn, enhances job satisfaction and performance.
For employers, it can be a complex and time-consuming process, fraught with paperwork, deadlines, and the need to ensure that all employees are well-informed and supported. 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.
Human capital management (HCM) is a term that’s been rising in popularity within the technology and everyday HR spaces. Narrowing down exactly what it means can be confusing, as, at first glance, it may seem like a fancy word for humanresource management. However, the two areas overlap moderately.
Fewer lost sales : Those satisfied customers result in more closed sales. A positive reputation : When employees and customers are treated well, it strengthens the business’s reputation, both externally and as an employer. Your company’s humanresources (HR) team should be available to answer these inquiries.
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.
It is well worth the time and money needed to make it work properly. First off, businesses are legally obligated to pay their employees timely and accurately. When a company hires an employee, each party enters into an agreement centered on payment for labor combined with an employeebenefits package.
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 employeebenefits survey. It means adding or enhancing core benefits.
The disadvantages of a small company are theyre small, and they lack resources, operating rigor, and routine, and frankly, they can be unprofessional, Chris Timol, president and COO at PuzzleHR, a fractional and outsourcing HR services company, told HR Brew. 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.
Employers and health plans that cover mental health and substance use benefits must meet certain requirements to ensure this care is as easily accessible as other types of medical care under a set of final rules issued by the Biden administration on Sept.
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.
And yet, just 2% of employers offer emergency savings accounts (ESAs), according to the Society for HumanResource Management’s 2023 EmployeeBenefit Survey. ESAs are post-tax savings accounts that can be funded by employers and employees. Quick-to-read HR news & insights. Subscribe to HR Brew today.
Benefits: Apprentices may receive some full-time employeebenefits—such as health insurance and paid time off (PTO)—especially in unionized industries. Benefits: Benefits vary based on company policies. Common benefits include health insurance, retirement plans, PTO, and sick leave.
Handling employeebenefits and other HR services in-house is extremely difficult for many small businesses. There are many reasons, including being short-staffed and needing an internal HumanResources department, which is a reality for many small and medium-sized companies.
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.
Employeebenefits management has become increasingly complex in recent years, with professionals needing to navigate health plans, retirement packages, wellness programs, and various compliance regulations. Below are the top 10 employeebenefits certifications for professionals in 2024.
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
Humanresources (HR) tasks like payroll, recruitment, and compliance can be challenging to manage manually, especially with limited time and resources. HR software offers a scalable solution that streamlines HR tasks, reduces errors, and allows small businesses to focus on growth.
Quick look: Happy HumanResource Professional Day! This celebration occurs annually on September 26 and is dedicated to honoring the hardworking HR teams who work tirelessly to support, guide, and empower employees. Employees are the foundation of every successful business.
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.
Are you wondering if there is any financial and managerial accounting that humanresources professionals need to know? Are you looking to master accounting within humanresources? By understanding these principles, you can bridge the gap between HR and finance, leading to more effective management strategies.
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.
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.
In this era of transformation, employeebenefits have emerged as a strategic lever for attracting, retaining, and engaging top talent. So, what does the future hold for employeebenefits in 2025? Lets dive into the key trends shaping employeebenefits in the workplace. The result?
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.
Quick look: August is National Wellness Month, but business leaders can contribute year-round to their employees’ well-being. The right benefits package and a healthy work environment can keep your staff happy and engaged while boosting your business’s cost-efficiency. What is National Wellness Month?
Four years ago, as the pandemic raged, Chipotle Mexican Grill leaders heard employees discuss their money woes and offered a financial counseling benefit to help them cope. We were listening to our employees and hearing about all these concerns and on top of all the concerns that the pandemic was bringing about, Banks said.
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.
drew the attention of HR leaders: a class-action suit seeking $100 million in damages. 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.
Quick look: A comprehensive total rewards strategy is just that: rewarding (for businesses and employees alike). Total rewards include compensation, benefits, well-being initiatives, and recognition, and help companies increase productivity, retention rates, and talent acquisition success. What is a total rewards program?
HumanResources (HR) outsourcing has become a vital solution for businesses looking to streamline their HR functions, reduce costs, and focus on their core operations. In 2024, the HR outsourcing landscape offers a variety of providers with comprehensive solutions tailored to meet the needs of businesses of all sizes.
When it comes to 2025 employeebenefits 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.
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. Perception/perspective: Understand what employees know about the benefits.
We organize all of the trending information in your field so you don't have to. Join 318,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content