Employee benefits play a vital role in retaining top talent and creating a positive work culture. With the ever-increasing competition in the job market, it is necessary to reassess your employee benefits package to retain your employees and attract new ones. While you may already offer some standard benefits such as health insurance or paid […]
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This shouldn’t come as a surprise, but it might for some, that just implementing a new benefit isn’t enough. If you want your organization to utilize the benefits you’ve worked so hard to procure, you must also provide consistent communication on these benefits. Depending on your organization’s structure, communication could look like: Email outreach Direct
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We have been in a season of waves when it comes to hiring and/or retaining employees. While this is understandably frustrating for employees, it’s just as frustrating for organizations and those managing all of this. I can’t think of a single person in HR who has come into work and said, “Yes! I get to
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Thankfully, employees are getting more comfortable asking for the benefits that they want. Finding the right work/life balance is on everyone’s minds, likely yours included. And benefits can make a difference in how employees find a little more balance in their life. Having their employer do the hard work to curate the best benefits and
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Over the years, employee benefits have gotten more robust and more interesting for employees. Open enrollment happens every year for employees to choose which programs they want to participate in, like healthcare, dental and vision. These programs have a time constraint on when they can be implemented, but not all benefits fit within this time
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Voluntary benefits are becoming increasingly popular among employers. Not only do they provide more flexibility and choice to employees, they also enhance employee satisfaction and loyalty. Examples of voluntary benefits include: Supplemental insurance (such as disability, critical illness, or accident insurance) Retirement savings plans (such as a 401(k) or 403(b) plan) Legal assistance programs Wellness
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Incentives, in general, can be highly beneficial in helping employees achieve tasks and accomplish goals. Incentives can come in a few different forms: Recognition and rewards Referral programs Professional development opportunities Financial incentives Bonuses and/or raises Fun gifts Any kind of item that is given in response to a job well-done can be an incentive.
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Experts say that you should have an emergency fund of three to six months just in case something were to come up. Emergency funds could help cover: Unexpected home repairs Car troubles Abrupt career changes Sudden medical needs When you have money saved up for any of the above, you save yourself the headache
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Last year, HR departments had to overcome some of their biggest challenges yet. HR teams have had to: Learn how to deal with a new remote lifestyle Create and promote new policies Figure out how to track time and attendance Distinguish new communication methods The above challenges are just the tip of the iceberg. New
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