Frequently Asked Questions About Employee Benefits And How to Answer Them
It doesn’t matter if your employees have been working with you for several years. The subject of employee benefits can be a tricky and complicated one. This is because policies regarding certain benefits—like health insurance—keep changing.
Your Guide to Gathering Anonymous Employee Feedback
Quick Answer: Anonymous employee feedback gives people another way to share workplace concerns, ideas, and experiences without attaching their names. A useful system should protect identities, ask clear questions, explain how information will be handled, and show employees that leadership takes their input seriously. Employee input can help an organization identify problems, improve everyday processes, […]
Why Paid Maternity Leave is so good for Businesses
Even with numerous campaigns on more inclusivity towards women in the workplace, not many employers have the same opinion about maternity paid leave in the workplace. The general opinion fostered by most managers is that a paid leave extending to over 2 to 3 months is a waste of resources that can be utilized somewhere […]
The Pros and Cons of Offering Equity to Your Employees
Offering employees equity shares in the organization is one of the best methods for fostering loyalty and attracting new talent. Not only is it a growing benefit offered by the organizations, but it is one that has attracted a lot of loyalty from employees. Here we look at the pros and cons of offering equity […]
Guide to Building your Own Employee Benefits
Looking at it from the employee’s perspective, the 9-5 shift can be quite taxing, monotonous and boring. Employees tend to find the shift as a harbinger of monotony and find themselves plunging into deep lengths of unknown water.
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!
