4 Signs It’s Time To Redesign Your Employee Benefit Program
You can’t offer a cookie cutter, generic employee benefit plan to employees and expect job satisfaction. Change in employees’ needs, inflation, and market trend have an impact on your compensation and benefit package each year. Your package might have been attractive for the past few years, but in order to resonate with the current market, […]
5 Things Employee Hate About Your Employee Wellness Program
Lack of communication within an organization creates ambiguity. When a hostile environment is created, perks and benefits can do so little to retain employees. 88 percent of companies claim to have an employee wellness program, but is this offer backed by research or just a trend adoption? If you’re not offering a wellness program that’s […]
Voluntary Disability Insurance for Employees
Voluntary Disability Insurance for Employees Voluntary disability insurance gives employees a way to protect part of their income if a covered illness, injury, pregnancy, surgery, or medical condition keeps them from working. For employers, it can strengthen the benefits package without requiring the company to fully fund the coverage. Many employees rely on each paycheck […]
What To Consider When Designing Employee Benefit Program?
You don’t have to go above and beyond to retain employees; providing essential benefits can do the job for you. When talking about employee benefits, the million-dollar question is: what can employers offer? A successful employee benefit plan requires a lot of research and planning. 49 percent of employees use employee benefits as a way […]
Benefits Administration Technology: 5 Signs Your Current System Is Outdated
Benefits Administration Technology: 5 Signs Your Current System Is Outdated As your business grows, your employee benefits process needs to grow with it. Benefits administration technology helps employers manage enrollment, eligibility, communication, plan documents, reporting, and employee access in a more organized way. When the system behind your benefits program is outdated, HR teams often […]
Baby-boomer Are Retiring—What Does That Mean for Your Employee Benefits?
A study conducted in 2011 indicated that 76 million employees belonging to the baby-boomer generation will be retiring in the near future. This means that the job market will experience a mass exit of skilled employees, changing the dynamics of the job market. Baby boomer retirement will bring significant changes around the company. So, be […]
5 Types of Employee Performance Evaluations
Employee performance evaluations help employers review progress, clarify expectations, and support better workforce decisions. When done well, they can improve communication between managers and employees, identify training needs, and strengthen employee engagement. The right evaluation method depends on the company’s management style, workforce structure, job roles, and goals. A strong review process should be objective, […]
Why Diversity Matters At Your Office
The value of diversity at work unfortunately remains unseen by many employers. It may seem like an obvious driver for growth and success, but in the corporate environment, things still look bleak. The shocking incident where a former Google employee wrote an appalling manifesto that went viral and got him fired as a result is testament […]
Best Employee Benefits in The Health Care Industry
While working at a hospital gives its employees a great sense of pride, moral satisfaction and good pay, employees also enjoy a range of benefits that makes their hard-work and long hours all the more rewarding. Employee benefits are geared toward providing financial stability and enriching an employee’s life. Here are some of the best […]
Which Financial Benefits Boost Employee Confidence?
A recent study reveals that 64% of employees report financial incentives increase engagement in the business and help them access healthcare resources. Businesses that see their employees as an asset and prioritize their health and well-being make significant investments in the form of employee benefits to boost productivity. While many of those benefits are non-monetary such […]
