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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. Let us help you successfully navigate everything 2024 has in store.
Headcount Management Software refers to a category of tools designed to help businesses efficiently manage and optimize their workforce. This software allows organizations to track, analyze, and plan their employee headcount, ensuring that they have the right number of employees with the appropriate skills at any given time.
Key Services: Workforce and Talent Strategy EmployeeBenefits and Compensation Management HR Technology Solutions Health and Wellness Programs Global Mobility Services Why It Stands Out Mercer’s focus on employeebenefits and total rewards strategies is particularly noteworthy.
AI-powered tools can simplify everything from drafting corporate emails to organizing your daily to-do list. These applications already prove valuable to employees. To foster success in 2025, clients should confirm their benefits packages remain relevant or adjust them accordingly.
Unlock the secrets to transforming your organization’s employeebenefits into a strategic tool for Diversity, Equity, and Inclusion (DEI). During this informative session, we will discuss common pitfalls in traditional benefits and then delve into the essence of DEI in employee-centric benefit offerings.
That doesn’t necessarily mean that employers need to reinvent the wheel regarding employeebenefits. Rather, Gillies says, HR and benefits leaders can help their organization stand out with a “twist” on benefits already available in the market. That’s a big one. The second is digital learning platforms.
Employeebenefits and compensation Managing employeebenefits and compensation involves multiple processes to ensure your organization stays compliant, controls costs effectively, and promotes the health and well-being of your workforce. File FICA/FUTA: If applicable, submit forms by the IRS deadlines.
HR/HCM/Compliance Aon Acquires NFP in the Benefits Space : Aon, a global professional services firm, acquired NFP to strengthen its employeebenefits solutions. This acquisition highlights the growing focus on comprehensive benefits packages to attract and retain talent.
Work can be more than a job; work can be a life changing experience that gives people tools, resources, and perspectives that they take with them the rest of their lives and that benefit them in every other domain that they walk. So when we design our employeebenefits programs we’re starting with these questions: .
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.
So, I wanted to bring in another technology expert to talk specifically about the things that organizations need to consider when looking at AI tools. Do we have existing talent that can implement and maintain the tool, and how would we ensure the tool is being used ethically and efficiently. A human touch will still be needed.
With professional HR support, businesses minimize financial risks and ensure that compensation, benefits, and legal matters are handled accurately. For start-ups and growing businesses, outsourcing HR can also eliminate the need for large upfront investments in HR software and employeebenefits programs.
What do you think of when employeebenefits are mentioned? Organizations often fail to go beyond these standard benefits, and if they do, it’s with a few additions that are selected without much thought and seldom improved. Find out what your employees want out of an employeebenefits program.
Benefits satisfaction Satisfaction with different types of employeebenefits is usually measured through an engagement survey but can also be gauged in stay interviews. The insights from these surveys can help reduce employee turnover. Unsurprisingly, dissatisfaction is a common reason for employee turnover.
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.
Remember when companies thought they could get away by offering a basic health plan and call it a day when it came to employeebenefits. How can companies move beyond standard health insurance and create a benefits package that truly stands out? But in a talent market where employees hold power, companies can’t stop here.
Revisiting an organization’s employeebenefits package is essential to ensure their offerings remain competitive, sparking the need for deeper, more strategic discussions. Establish the basics Preparing clients for open enrollment involves evaluating how well their current employeebenefits plan works.
Leaders can ensure smooth onboarding with customizable flows that integrate new joiners seamlessly, while powerful tools for performance reviews and growth planning support ongoing development. With Bob’s social network-like interface, teams can enhance engagement and promote a more inviting environment.
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.
This also plays a part in mental health, as employees with more on their mind are more distracted and less productive. LEARN: EmployeeBenefits Management: Getting the Most Out of Your Benefits Plan Employee satisfaction Healthcare benefits are great tools for recruiting, retention, and overall employee satisfaction.
Will certain employee segments require different communications depending on plan changes or updates? How will messages be sent (via email, posted on a company intranet, or shared in collaboration tools like Microsoft Teams)? It’s also essential to update your business’s employee handbook as needed.
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.
The number of benefits decision-support tools available to HR teams has multiplied considerably over the past few years. As an HR professional, you might be choosing a decision-support tool for the first time ( excellent strategy! ) or searching for a replacement after being let down by your current decision-support tool.
This article will discuss the importance of viewing working from home as a management decision, not an employeebenefit, and will provide some tips on how to effectively integrate remote work into your organization. Remote work can be a valuable tool for businesses, but it is important to approach it strategically.
When it comes to managing human resources in today’s fast-paced business environment, organizations rely on specialized tools to streamline processes and improve efficiency. In this article, we’ll dive into the core differences between HRIS and ATS, their functionalities, and how each can benefit your organization. What is an HRIS?
If you need to write better job descriptions, there are a few great free tools to use. However, if a free tool isn’t getting you what you need for writing job descriptions, check out Ongig’s Text Analyzer. Microsoft Word’s Readability Statistics If you’re a Microsoft app user, MS Word has a simple tool.
Before developing a more frontline-focused employee engagement model, lets summarize some well-known employee engagement models as a starting point. They engaged with more than 8,000 frontline workers to explore what is important to them and what are the main barriers to frontline employee engagement.
But our study revealed at least one critical thing both employees and managers are on the same page about: the importance of manager training. Managers want more leadership training, and employees want them to get it. Could investing more in management training programs be the next sought-after employeebenefit?
Even if teams want to share data, the technical tools or processes might not exist to facilitate that integration. Tools and Technologies for Data Consolidation Data Lakes, Warehouses, and Marts While these terms often appear in IT discussions, theyre equally relevant to HR.
It’s also a great way to build your employer’s reputation and enhance your recruiting outcomes, as candidates want positive reviews from past employees and a solid commitment to career development in potential employers. HR automation : Automate administrative HR processes to optimize efficiency and improve employee experience.
Employeebenefits are a cornerstone of workplace success. Understanding and managing the different types of employeebenefits is essential for attracting, retaining, and motivating a strong workforce. What are EmployeeBenefits? Employeebenefits are often referred to as staff benefits or employee perks.
Employeebenefits have long been considered a key resource in HRs strategic toolkit, a reality that took on new meaning in the last few years. Understanding the unique employeebenefits needs of the population has been essential to that aim, says Solaiman. It can get them speedier answers and can be a great tool.
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.
If you want your business to attract top talent in today’s job market and retain employees for the long term, one of the most powerful tools at your company’s disposal is competitive employeebenefits. Let’s explore what employees expect so that you can stand out from your industry peers and recruit and keep the best.
Turnover Rate = Number of Separations ÷ Average Number of Employees x 100 Today, modern HR software tools can automatically analyze your company’s turnover trends by month, year, or quarter. Faced with rising costs in a high-turnover industry, InfoCision realized the need to change its approach to employeebenefits.
But there’s one area where you can make a huge impact—your employeebenefits package. Additionally, they assist with childcare costs when employees return to work, demonstrating a strong commitment to fostering a family-friendly environment. Take Mustard Made , for example.
Here, we’ll explore the top features and benefits of HR software for small businesses and how it can transform HR management. Why Small Businesses Need HR Software Small businesses often handle HR tasks manually or with basic tools like spreadsheets and email, which can be time-consuming and error-prone.
. - Advertisement - According to a recent survey by the International Foundation of EmployeeBenefit Plans, 42% of U.S. employers polled offered fertility-related benefits in 2024, up from 30% in 2020. This uptick comes as more employers consider fertility and family-building benefits imperative business tools.
Employers stand on the edge of a major shift in employeebenefits. Put simply, outdated benefits just don't cut it. The right tech can solve these challenges and take benefits to the next level. So, how can emerging benefits trends give organisations insight to shape their next move?
A total rewards program for employees includes four major components: compensation, employeebenefits, well-being, recognition, and development. Compensation Compensation is the total amount paid to an employee by their employer. That’s when a professional employer organization (PEO) can help.
A Benefits Administration system is a software solution designed to streamline and manage employeebenefits programs. These systems are integral to Human Resources (HR) departments as they handle various tasks associated with full benefit management , such as enrollment, tracking, and compliance.
Digital apps for employees can also make internal communications more inclusive and seamless. These tools need to be mobile-first and aligned to support people’s working processes, such as technologies that allow them to choose and swap shifts in real time. Focus on how people and technology can work together.
Employeebenefits software is a powerful tool to enhance your employee rewards programme. To get real value from your benefits programme, you need to keep employees informed and engaged, and make sure they actively use their perks all year round But can your people make the most of it?
These systems are not merely tools; they are transformative platforms that centralise and automate data management, ensuring that organisations remain compliant with ever-changing labor laws and regulations. By having all employee data stored in a single, secure location, HR professionals can easily access and update information as needed.
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