Providing for ourselves and loved ones is one of many motivations to get up and go to work — a globally shared sentiment. While that motivation may be what attracts potential applicants to an employer’s door, it won’t be enough to retain employees unless we consider what benefits packages could look like without breaking the company bank.
Two things get me very excited -- Interesting content about employee behavior and a really good infographic. When someone nails both in one swoop, I consider it good enough to share. Here’s why I find this gem relevant to our friends and readers. To understand the types of competitive employee benefit packages that are going to create the best level of satisfaction and loyalty for your company, you need to understand who your employees are, and what is important to them.
So, you’ve hired a new employee benefits advisor to assist you in developing and managing your employee benefits program. Perhaps you interviewed a few different benefit brokers to evaluate your options, or focused on and moved forward with just one firm that seemed like the perfect fit. Now, how do you measure the quality of service from your new benefits partner?
Update: The decade-long court case on whether Edison International’s financial advisors and investment committee breached their fiduciary duties to retirement plan participants came to an end Wednesday when the U.S. District Court for the Central District of California ruled that the firm breached its fiduciary obligations by not switching participants to lower-fee institutional mutual fund shares.
Pet-friendly employee benefits are making waves right now, and they’re continuing to rise in popularity. More and more employers are jumping at the idea of implementing pet-friendly policies at work due to the increasing interest from employees. But, guess what? These benefits aren’t just for employees!
With healthcare costs continuing to increase for most employers and employees, many employers are focusing their efforts on building a healthier workforce to make coverage sustainable for the future. One cost-saving, health-promoting benefit employers are turning to is telehealth services.
Survey results from the IBI's 2015 CFO survey suggest many CFOs view investments in employee benefits and health programs are no longer just a cost of doing business, but rather a strategic business investment.
The majority of employers create and manage an employee benefits program in order to attract and retain top talent. While comparing its peers or other benchmarks, an employer typically builds a competitive and robust benefits program to entice prospective employees and perhaps offers quality medical and dental insurance, a matching 401(k) plan, life and disability insurance plans, wellness benefits, and other miscellaneous perks. But some of these employers might be missing a great opportunity to utilize employee benefit design and communication to improve its culture, employee engagement, loyalty, and ultimately, its brand.
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