Open enrollment is the time of year reserved for you to make changes to your benefit elections, and unfamiliar terms can make this process confusing. Use these definitions of common open enrollment terms to help you navigate your benefits options.
Open enrollment can be an extremely positive and rewarding experience for you and your employees, providing you plan for it well in advance. During this unprecedented time, it’s important to review and modify your benefits offerings to enhance your employees’ physical, mental and financial health. Consider the following suggestions to help you prepare for a successful open enrollment period this year.
The COVID-19 pandemic has tested the welfare of employees across the globe. In addition to the physical and mental stress the coronavirus has created, many workers are enduring financial hardships as well. As such, employers should continue to contemplate how their total rewards packages resonate with the current employment market. Employee retention and recruitment continue to be the most common workplace challenges for employers and HR professionals. Here we examine aspects to consider when outlining salary and total rewards to help attract and retain a skilled workforce post-coronavirus.
Flexibility can be a great way to attract talent to your company. Employees are looking for innovative workplace solutions to cater to their needs. Luckily, technology makes it easy for most teams to create flexible - and often remote - solutions.
As the COVID-19 outbreak evolves, businesses face growing uncertainty as to how this pandemic will affect their operations long term. This is especially true when you consider that many organizations—including bars, restaurants, entertainment venues, retailers and manufacturers—have had to close their doors or cease operations as a result of COVID-19. Not only has this severely impacted their ability to serve their customers, but, for some, it has also led to indefinite disruptions—disruptions that could impact their bottom line.
76% of workers say their employers have a responsibility for their health and well-being. With this in mind, let’s explore the top five wellness trends to monitor in 2020.
Do you know how long the average employee stays with a company? With the hard-to-swallow cost of attrition, the average tenure is not nearly as long as you would hope. The current average is estimated right around 4 years for most employees, and closer to 3 years for employees under the age of 35. Year over year, these numbers are continuing to drop as job-hopping tendencies among employees are on the rise.
