How Employers Can Maintain Worker Well-Being with Leaner Budgets
As businesses across the country struggle to adjust their budgets during an uncertain economic climate, ensuring employee well-being has become increasingly difficult.
As businesses across the country struggle to adjust their budgets during an uncertain economic climate, ensuring employee well-being has become increasingly difficult.
Many companies have implemented rewards programs to retain employees and keep them engaged, motivated, and committed. The idea is that employees will be more satisfied with their job if they are rewarded for their hard work and dedication.
The labor market was a roller coaster in 2022, and it’s a safe bet that employers will still be challenged as they compete for top talent in 2023. While most employers project salary increases this year, many will look beyond pay alone to help attract and retain more employees.
According to the Centers for Disease Control and Prevention, heart disease is the leading cause of death for men and women in the United States. While there are some risk factors that contribute to heart disease that you can’t control, there are also many things you can do to preserve your heart health.
At the end of December 2022, the SECURE Act 2.0 cleared both houses of Congress as part of an omnibus end of year appropriation. The Act is a package of bills focused on retirement that expands on provisions from the original SECURE Act enacted in 2019.
With retirement just around the corner for many, employees are increasingly concerned about their retirement savings for several reasons, including recent economic events, personal financial issues or job changes.
As HR teams re-evaluate their offerings in the coming year, they are focused on providing the best employee benefits in the most efficient ways. To help teams make informed decisions, one benefits firm, Nava Benefits, collected information about choices made by HR teams from over 600 vendors across 28 benefit categories.
Over the last few years, almost every aspect of the workplace has changed, leading to many unforeseen challenges. Unfortunately, many of the challenges that plagued workplaces in 2022 will likely continue in 2023 and beyond.
On October 18, the IRS announced that the annual contribution limit in 2023 for health flexible spending accounts (health FSAs) will be increased to $3,050 — double the $100 increase from 2021 to 2022.
As inflation continues to impact the economy, many employers are trying to help employees with their finances by developing inflation-resistant benefit packages.