3 Employee Benefits that Increase Employee Retention Rates
The cost of employee turnover for a business isn’t just inconvenience. According to a study carried out by the Society for Human Resource Management, the total cost of turnovers for U.S employers is expected to reach a staggering $680 billion by 2020. Also, according to the Bureau of Labor Statistics, around 3.6% of workers quit […]
How to Effectively Communicate Employee Benefits
Quick answer: To effectively communicate employee benefits, employers should use simple language, repeat key details across multiple channels, make plan information easy to find, and offer support before, during, and after enrollment. Clear benefits communication helps employees understand their options, use their plans with more confidence, and ask better questions when they need help. A […]
How to Reward Employees without Giving Them Cash
Contrary to popular belief, offering cash is a short-term approach towards improving an employee’s productivity. Considering that employees of today want something more than just mundane cash rewards, you have to think out of the ordinary and give them what they are looking for. So the question is: how to reward employees without giving them […]
Adopting a Trans-Inclusive Employee Benefits Program
The growing shift from discrimination to diversity is making its way in the business market as well. Employers are embracing workforce diversity and are advocating on behalf of the trans community for more widespread acceptance.
Employee Preference-Monetary Or Fringe Benefits
Money can’t buy happiness but benfits can! According to a report from 2015, 79% of employees preferred benefits instead of a pay raise!
When to Discuss Your Employee Benefits Program During the Hiring Process
When it comes to gaining an edge in the highly-competitive talent recruitment market, your employee benefits program can put you one step ahead of the others. If you’re recruiting candidates that you absolutely want to bring on board, a well-planned and market competitive benefits package can serve as an invaluable strategy to seal the deal.
Corporate Gym Memberships as an Employee Benefit
Employee wellness is an important part of a strong benefits strategy. When employees feel supported in their health, they may be more likely to feel engaged, focused, and connected to the workplace. Corporate gym memberships are one way employers can support wellness. They can give employees access to fitness facilities, exercise classes, strength training, cardio […]
How to Run a Successful Employee Benefits Enrollment Program
While it’s easy to recruit new employees, retaining them is a lot harder. A good wage is enough to convince potential candidates to apply, but in the long run, employees want something more. You may have an amazing office with the latest technology and equipment. But the first question candidates ask when applying for a […]
Is A Pay Raise The Answer To All Employee-Related Problems?
According to Frederick Taylor’s Scientific Management Theory, employees are motivated by money. But is this really true? Can you buy employee loyalty through a pay raise? Most businesses seem to believe so.
Investing in Health Advocacy for Your Employees
Millennials don’t shy away from voicing their opinions and needs. Job candidates today are very firm with what they expect from future employers and employee benefits are one of those things. While discounted meals, flexible work hours, and better pay are on top of the list, wellness programs are also becoming increasingly popular.
