Employee Benefits · December 16, 2024
A recent survey reported that 80% of respondents had at least some level of financial stress; 27% reported high or overwhelming stress. A second survey found that 72% of Americans live from paycheck to paycheck, which means they sometimes have difficulty paying their basic expenses. Surprisingly, a recent survey found that nearly half (49%) of baby boomers are among those living paycheck to paycheck. In other words, most people are anxious about their financial well-being.
Employee Benefits · September 23, 2024
Fringe benefits may be available to everyone in the company or may be used as incentives for meeting certain goals. They may be paid or given in the form of an achievement award. They are always considered compensation for services beyond employees’ normal rates of pay. In this way, they are unlike legally required benefits, such as workers’ compensation, which are based on a company's size and the number of employees and vary from state to state.
Employee Benefits · August 05, 2024
Even if employers do not think of it this way, they rely on the health and well-being of their employees to keep their businesses running. Employee absences disrupt any business's workflow.
Employee Benefits · April 23, 2024
If you want to help your employees stay on top of healthy habits, gamification can help. Prioritizing health and fitness becomes a lot easier when your health-related goals are broken down into mini goals with a mobile health app or on desktops. Mental rewards keep your team motivated by implementing some modern design principles.
February 26, 2024
A compensation plan is designed to attract and retain employees. Build your compensation plan to ensure pay equity while balancing the needs of your small business and delivering value to customers.
Employee Benefits · January 15, 2024
Companies are introducing sabbaticals for long-term employees to use for personal projects that take more time than a vacation affords. Professional development, community service and travel are packed into sabbaticals.
Human Resources · December 04, 2023
Offering workers the opportunity to have flexible hours gives your business an edge in recruitment, staying ahead of the competition. Flexible hours tend to vary by job requirement, how your business operates in its industry and workers' preferences and needs.
Employee Benefits · November 20, 2023
Managers reap benefits from giving presents to their teams: Recipients may feel a morale boost and increased motivation to improve productivity. It may be only a modest gesture, but they are more likely to apply their best efforts when they feel valued.
October 23, 2023
Vestwell's Retirement Trends Report, which is based on a survey of over 1,300 employees, 500 advisers and 250 small-business owners in the United States, is insightful. The findings relay the idea that integrating an adviser's services with your benefits package can set your company apart from competitors.
September 25, 2023
The younger generations are feeling anxious about the state of the economy and the rising costs of living, as well as job instability in the tech industry. As a result, they are turning to HSAs to help them stay on track with their financial and savings goals. HSAs are accounts that provide tax benefits to both employers and employees, helping them navigate the rising costs of living and health care expenses while planning for the future.