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Examples are the Ultimate Software Connections Conference , KronosWorks Conference , and the SilkRoad Connections Conference. Holger] Constellation Research provides research, workshops, and advisory services to help companies best leverage technology. In my analyst role, I write about software, specifically HR software.
Succession planning in the event someone retires or quits. Developing a cross-training program Once your organization has committed to cross-training as an endeavor good for your bottom line, it is time to create an organized action plan. Write out a plan. And if it doesn’t, push for creation of one.)
Clearlake Capital Leads $65 Million Financing Round for MetricStream, a Governance, Risk and Compliance (“GRC”) Solutions Provider. Million USD in Series B-1 Funding Led by Trend Forward Capital, Export Development Canada and OMERS Ventures to Scale Brain Health TechnologyPlatform. Interaxon Inc. Announces $11.6 Sign up now.
Quick look: It’s National Retirement Security Month, making it the perfect time for brokers to equip clients with the tools and resources needed to help their employees plan for a secure financial future. Retirement is a hot topic for all staff. workers is reaching retirement age. Sources state that over 4.1
Speaker: Bonnie Treichel, Senior Consultant & CCO, Multnomah Group
Multistate offices used to be reserved for very large employers, but with today’s technology, even smaller employers can embrace this game changer. Today it is easier than ever to have employees in multiple cities across several states.
Discuss both short and long-term perks such as healthcare coverage, retirementplans, or professional development opportunities. There are various platforms out there designed to facilitate this, including Flimp , so you can put together a suitable showcase for your benefits package without having to start from scratch.
(Editor’s Note: Today’s post is sponsored by Massachusetts Mutual Life Insurance Company (MassMutual), a leading provider of insurance, annuities, retirementplans, and other employee benefits. From an operational perspective, every business deals with maintaining product quality, customer service, marketing, technology, and cash flow.
Consistently check in with your workforce to find out what resources will help them best and explain how financial wellness is the solution. Workshops, webinars and coaching sessions can all be used to explain how the benefits work and how they can improve employees’ financial situations. But the fix is simple.
The start of a new benefits plan year is an important time for HR teams. Review lessons from last year Before diving into the new plan year, analyze what worked and what didnt in the previous year. Master the details of your plan Familiarize yourself with every aspect of the new benefits plan.
With the rise of technology, modern HR management involves more than just people skills; it requires embracing new HR software to streamline tasks and improve efficiency. Since the HR Director role is expected to include, analyze, and implement strategic plans and directives, then this is not an expectation of the HR Manager.
This encompasses both work-related benefits such as understanding how to maximize employer contributions into their 401(k)s or choosing the right investment options when it comes to their pension plans as well as learning how to manage their personal finances in more efficient and effective ways.
Focus on using data-driven methods to identify the best sources for candidates, including online job boards and social media platforms. Implementing applicant tracking systems (ATSs) can streamline the recruitment process. These programs may include team-building activities and recognition systems that celebrate achievements.
(Editor’s Note: Today’s post is brought to you by our friends at SilkRoad , a leading global provider of cloud-based talent management solutions. They have just launched a new online resource center to showcase research and analyst reports on HR technologies to help HR professionals leverage employee data in business decisions.).
Provide employees with easily understandable materials that explain their benefit options, including health insurance, retirementplans, and any other perks. Use various communication channels such as emails, webinars, and even mobile apps to reach employees in a way that suits their preferences and schedules.
led a discussion entitled, “ What the Joint Commission Wants to See: Ensuring a Successful Survey Utilizing Proven Audit Tools and Documentation Best Practices. ”. Connie quoted an old phrase as a solution to many problems, “When there is not a policy, then create a policy and stick to that policy.
If you didn’t get a chance to watch the webinars live, feel free to watch them on-demand. To view the entire webinar and gain more insights from Jennifer McClure, click here. The Humble Employee Handbook is Actually an Important Risk Prevention Tool. For a more detailed breakdown, watch the webinar. The Future of HR.
Baby Boomers are reaching retirement age, taking skills and knowledge as they leave, and morale is decreasing, fueled by work and pay freezes during the government shutdown last year. Assessing the value of institutional knowledge to avoid retirement negatively impacting current programs. Registration is open now for the free webinar.
Boomers, in all probability, will retire over the next ten years, and Millenials will take charge of senior management roles. Below are the top five apps you need if you really want to ensure your Generation Z employees are working more productively. 1 Productivity App Take productivity to the next level with your Gen Z employees.
The Society for Human Resources Management’s (SHRM) express request service provides links and information about a wide variety of topics including state laws, seasonal topics like OSHA 300 postings, IRS RetirementPlan Limits, etc. Attend webinars and conferences. banking, hospitality, retail, etc.)
These programs provide valuable resources, tools, and guidance to support employees in managing their money, reducing debt, and planning for the future. This article highlights the top ten employee financial wellness platforms in 2023, focusing on their core features.
The Careerminds programs include one-on-one coaching with me or other career coaches, along with the technology on the Careerminds platform. As a coach, I provide encouragement, support, and tools for the individuals to be successful in their career transitions.
Keck, vice president of retirementplan services for insurer and consulting firm Woodruff Sawyer. Keck recalls a story about a doctor who had no debt and owned a home yet still lacked a budget and a financial plan—so has no clear understanding of where money is going. There is a great deal of stress even in the top-paid group.”
Tools and resources for budgeting, consolidating loans, and setting up manageable repayment schedules are essential. Planning for Retirement: Offering retirementplanning services guides customers in making informed decisions about their retirement savings.
They provide a guide specifically designed to help employers of all sizes implement a workplace financial wellness program that gives their employees the knowledge, skills, tools, and resources they can use to improve their financial well-being. Free Financial PlanningSoftware . filtering tools, charts, and reports. .
They provide a guide specifically designed to help employers of all sizes implement a workplace financial wellness program that gives their employees the knowledge, skills, tools, and resources they can use to improve their financial well-being. Free Financial PlanningSoftware . filtering tools, charts, and reports. .
Finding a suitable software provider that meets your organization’s needs is tricky. Human Resources Management Systems (HRMS) these days manage a wide variety of tasks ranging from assessment to learning and strategy planning to payroll management. Top Human Resources (HR) Software Providers. Founded 2021. Founded 2011.
. - Advertisement - According to the financial services titan, 401(k) balances rose 4% in the second quarter of 2023 over the previous three months to an average of $112,400, while 403(b)—a tax-sheltered annuity plan—balances rose 5% to an average $102,400 in the same period. Meanwhile, the average IRA balance jumped 5% to $113,800.
Some people pick the wrong plan because they dont have the correct information. People process visuals 60,000 times faster than text, making video a powerful tool. Without clear guidance, employees often choose a benefits plan based solely on cost. Interactive decision support tools personalize the benefits selection process.
The tool also provides an overview of various HR roles, their salaries and offers insights into projected timelines for career progression. Benefits Administrator : Administers employee benefits programs, such as health insurance, retirementplans, and other perks, ensuring employees receive and understand their benefits.
As we emerge from the COVID-19 pandemic and the economy continues to strengthen, many companies are wrestling with staffing and workforce planning challenges, and debating return-to-work scenarios. Leverage Employee Resource Groups as a career management tool. It is a “hot” labor market, with the number of job openings in the U.S.
What keeps your company’s employees awake late into the night and dominates their thoughts throughout the workday isn’t the state of the nation’s economy but their retirement savings, children’s college funds, credit card debt, and the next housing payment or grocery bill. Older employees have their eyes on retirement.
Advertisement “It’s important benefits have personalization—there’s a goal for every life stage,” Stacey Magness, director of global benefits at software company Ellucian, said during a panel session at last week’s HR Technology Conference. employees had attended at least one financial webinar.
It’s about having a structured plan that you can adapt and personalize for each interaction. Trust Building: By addressing their pain points and offering solutions, you start building trust, which is crucial for closing deals. It’s a pre-written guide that outlines the flow of your conversation with a potential customer.
Given today’s economy and the many companies restructuring, quite a few employees may lose their jobs before their retirement age. In this article, we’ll explore how the outplacement industry has evolved with the future of work, shifting to a new virtual outplacement model, and what new challenges, technology, and opportunities that presents.
Support comes in a variety of ways, and education can be a powerful tool for HR professionals. In our previous blog posts , we delved into recession planning and navigating economic uncertainties from a company perspective. Partner with reputable financial advisors or online platforms to provide comprehensive resources.
Instead, there is a growing need for HR professionals to develop a deep understanding of diverse employee needs, particularly regarding healthcare and retirementplanning. Medicare expertise within HR departments can bridge the gap between traditional employee benefits and the need for comprehensive retirementplanning advice.
According to a 2020 BenefitsPRO survey of benefits brokers, plans for on-site benefits fairs or other large, in-person gatherings have been eliminated almost entirely. Companies where not all workers have access to technology are looking to do benefit sign-ups over the phone, with call centers being prepped to handle that traffic.
Whether your employees need help with day-to-day budgeting, debt management, planning for their financial future or something in-between, our resource library can help. Best Money Moves users have access to over 900 unique articles, videos, webinars and calculators across a range of financial topics. Do you plan for your tax refund?
Tax filing forces people to honestly assess their incomes, savings plans, and progress toward their financial goals. When the refund doesnt come or is smaller than expected, it can throw a significant wrench into those plans. Sign up for our webinar. Why wasnt I ready for this? Tax season has always arrived with a jolt.
Quick look: SMBs know they must offer benefits beyond the traditional 401(k) plan to stay relevant among today’s workforce. Companies have long supported 401(k) retirement accounts for employees as part of a comprehensive compensation package. When companies invest in employee growth, job satisfaction goes up and turnover goes down.
Make sure your financial wellness plan includes these 5 top program features. . Here are 5 top program features for your 2022 financial wellness platform. However the money management needs of a veteran employee about to retire are going to look very different than those of a recent grad dealing with credit card debt.
Do you need some help with your employees’ retirement savings plans? What if you could set up your retirementplan in three simple steps? There are solutions available to help you tackle challenges like a 401(k). The webinar will be on March 21 at 1:30 p.m. That would save you time. The good news?
Recognition programs, such as employee of the month awards, and incorporating CRA involvement into career development plans provide further incentives. These workshops can cover essential topics such as budgeting, savings, credit management, and retirementplanning that meet the needs of your community.
For example, budgeting tools are a visual, intuitive way for employees to track their finances. They can help women and their families plan and work toward long-term financial goals, such as buying a home or saving for a luxury vacation. Another tactical financial wellness tool are loan calculators.
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