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 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. A recent study by Upwork estimates that 32.6
Many implemented programs to help employees manage their mental and physical health, time, and money. But, studies show the programs fall far short of employees’ needs and expectations. Only 24% of workers strongly agree that their employer cares about their overall well-being, Gallup said in a study released earlier this month.
Most students who earned doctor of pharmacy degrees borrowed money to help finance their education, according to a 2023 survey from the American Association of Colleges of Pharmacy, with the average student owing $167,711 after their studies were completed. of their income to retirement over a three-year period, on average, compared with a 5.7%
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.
In the year since the PUMP Act took effect, the share of organizations offering an “onsite lactation/mother’s” room has risen to 73% , up 19 percentage points from 2023, according to the Society for Human Resource Management’s (SHRM) 2024 employeebenefits survey.
HR KPI examples HR KPIs vs metrics Characteristics of good HR KPIs Leading vs. lagging KPIs HR KPIs case study HR KPI template HR KPI best practices FAQ What are HR KPIs? Benefits satisfaction Satisfaction with different types of employeebenefits is usually measured through an engagement survey but can also be gauged in stay interviews.
While “a record number of non-LGBTQ Americans support equal rights for the LGBTQ community,” according to a 2023 study from GLAAD , workers who identify as part of the LGBTQ+ community still face workplace discrimination and a wage gap, a new study finds. We need to do more than lament these statistics; we must obliterate them.
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.
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.
There’s never been a better case study for this than onboarding. The faster I can bring employees into the organization, the happier everyone will be. It might be for an employeebenefit or maybe emergency contacts. In his 1982 book “ Megatrends ”, John Naisbitt coined the phrase ‘high tech, high touch.”
Employeebenefits play a crucial role in attracting, retaining, and motivating top talent in any organization. However, the effectiveness of these benefits heavily depends on how much they address the needs of your workforce and how well they are communicated to your employees.
It showcases company culture, highlights employeebenefits, and gives prospective employees a sense of what life would be like working there. A well-crafted video captures attention quickly, making it easier to convey key messages about the role, expectations, and employeebenefits in an engaging format.
Employeebenefits 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.
Apple Pay or GooglePay) More recently, fintech has entered the landscape of employeebenefits and compensation. Financial wellness is top of mind for employees and employers. Investing in fintech solution can help simplify benefits and support employee well-being. Top talent wants more than a high-paying salary.
Handling employeebenefits and other HR services in-house is extremely difficult for many small businesses. According to research by Secure Data Recovery, 88% of employees have worked at a small business without a dedicated HR team. Professional employer organizations (PEOs) offer a cost-effective solution to this problem.
However, some employers want to provide it despite the expense because they say the benefit makes attracting and retaining employers easier. 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).
NEW YORK — DailyPay ranks as the #1 adopted financial wellness benefit in a new employer study conducted by DailyPay this month. The survey consisted of employers who currently offer DailyPay’s worktech platform to their employees. DailyPay is headquartered in New York City.
This creates a situation where employees often work vastly different schedules from their family and friends, limiting their time to connect with their loved ones and enjoy many of the activities that others participate in. Read the full case study. Click here to schedule a demo or get in touch to speak to one of our expert team today.
While corporate employeesbenefit from AI-powered efficiencies and streamlined digital tools, many frontline workers still rely on outdated methods such as paper forms and manual scheduling. Technology and tools remain misaligned with frontline realities.
Faced with rising costs in a high-turnover industry, InfoCision realized the need to change its approach to employeebenefits. Acknowledging the tangible impact of employee financial stress on engagement and productivity, InfoCision began searching for solutions focused on employee financial wellness.
Quick look: Last month MetLife released a new study reaffirming the importance of expansive benefit offerings. It mentions how benefits contribute to employees’ feelings of stability and happiness about their jobs, in addition to common enrollment barriers posing challenges for brokers and their clients.
4 top 2023 employeebenefits. Here are the trending employeebenefits that companies are investing in for 2023, to help cope with financially stressful times. Employers should consider these numbers when planning their 2023 employeebenefits: A recession is likely on the horizon. . percent in 2023.
If HR leaders were to ask employees if they are satisfied with their open enrollment decisions , many would likely hear that workers have regrets, according to a recent study. Advertisement - In fact, 53% of U.S. Advertisement - In fact, 53% of U.S.
Employee well-being is a top priority for many HR leaders, and there’s no shortage of benefits that purport to boost it. There was one exception, though: Volunteering did show positive outcomes, with participating employees showing a stronger sense of belonging, collaboration, and feeling supported in handling stress.
New research highlights that HR leaders play a crucial role in fostering trust and enhancing employee wellbeing, both essential components of a positive employee experience. A separate study published by the journal Frontiers of Public Health in 2022 found that a positive work environment boosts employee performance.
Comprehensive study guides and self-paced online courses. Both certifications include comprehensive modules on compensation and benefits management , making them ideal for HR professionals seeking a broader understanding of total rewards. Key Features: Covers compensation strategies, employeebenefits, and performance incentives.
Several weeks ago, I published an article about “ 8 EmployeeBenefits Worth Considering to Attract and Retain Talent ”. One of those benefits was daily pay or gig pay. Giving employees more control over their money can benefit their financial wellbeing. And that benefits the organization. It makes sense.
Financial Wellness: The must-have employeebenefit in 2022. If you aren’t incorporating financial wellness into your 2022 benefits strategy, your employees are missing out. The COVID-19 pandemic has had a long-lasting impact on your employees’ financial health.
When companies offer a competitive benefits package, it can also help increase employee productivity , motivation, and loyalty to your company. Here are 4 reasons why employeebenefits are important: Attraction and Retention Employers should consider including their benefits in their job description to help attract top talent.
This not only highlights the importance of employeebenefits in fostering loyalty and satisfaction but also underscores the potential risks for companies that fail to prioritize this aspect of their compensation strategy. What are employeebenefits providers? This reduces the administrative burden on HR departments.
A strong employeebenefit package can go a long way. Employer benefits package is key to attracting and retaining top talent. A recent study by the Predictive Index (PI) found, optimizing talent is the number one concern keeping business leaders up at night. What do you want to achieve with the employeebenefit package 2.
The types of employeebenefits an organization provides carry weight in today’s employment market. Compensation on its own is not enough to engage employees and attract job seekers who now expect more comprehensive rewards for their work. Contents What are employeebenefits? Why are employeebenefits important?
It’s also a problem for employers, costing billions of dollars in lost productivity as male employees struggle with related physical and mental wellbeing challenges, recent studies show. The study found that, over seven days, men with ED reported significantly higher absenteeism—7.1%
EmployeeBenefit Trends Study revealed that across all generations, employees overwhelmingly want to feel cared for by their employers; they want to know that “someone cares.” MetLife’s 2024 annual U.S. ” - Advertisement - Yet a Dec.
3 ways to improve your employeebenefits communication. Use these 3 strategies to improve your employeebenefits communication and help your team make the most of your benefits offerings. Even the most robust employeebenefits programs can fall flat without clear communication.
expected increase in spending, according to the nonprofit organization representing large employers, which has studied healthcare costs for about 50 years. million employees in the U.S. The study found that 87% of large employers will have at least one cancer screening measure in place next year, up from 77% in 2023.
Moreover, employees view their employers as responsible for financial wellness efforts. According to MetLifes EmployeeBenefit Trends Study 2024 , 92% of employees want more consistent care from their employers. Wellness benefits must support both immediate financial challenges and long-term goals.
2024 Employeebenefits trends: Focus on employee wellbeing. The right benefits strategy is key to employee satisfaction. Here are the top 2024 employeebenefits trends. Employeebenefits are a driving force keeping your workforce satisfied. 4 Top 2024 EmployeeBenefits 1.
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. For many workers, financial planning depends on more than earning a paycheck.
Health savings accounts (HSAs) are a popular employeebenefit, serving as a core component in an estimated 22% of employeebenefit plans. million closed last year, according to a study by Devenir. million closed last year, according to a study by Devenir.
(Editor’s Note: Today’s post is sponsored by Massachusetts Mutual Life Insurance Company (MassMutual), a leading provider of insurance, annuities, retirement plans, and other employeebenefits. Small Business Concerns about Employee Loyalty. I recently got my hands on the MassMutual Business Owner Perspectives Study.
. “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.
Enhanced Employee Experience A data-driven approach can significantly enhance the employee experience by addressing issues more effectively and offering personalized solutions. Personalized Insights : Use data to tailor employeebenefits, career development opportunities, and recognition programs.
As employers look to diversify their employee value propositions this year , the role of employeebenefits will undoubtedly be critical. Bureau of Labor Statistics, childcare benefits can have a crucial impact. And with more than 30 million working parents in the U.S. today, according to the U.S.
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