For the first time, there are six generations in the workforce. And each of those generations has different wants and needs regarding total rewards. When one-third of employees would prefer more benefits over more compensation, according to a Marsh McLennan Agency report published earlier this year, employers can help employees...
Designing an effective and feature-rich employee benefits strategy is crucial for attracting and retaining top talent while also fostering a positive workplace culture. To help you and your team develop one, here are some critical steps to consider. Step 1: Understand Your Workforce - The first step is...
The Baby Boomers, Generation X, millennials, and Generation Z, who make up most employers’ workforce, have different situations and benefit needs. That’s why increasing numbers of employers are looking beyond a one-size-fits-all plan to a multi-generational benefit plan. KNOW YOUR DEMOGRAPHICS The first step in moving...
It might sound like something included in a benefits package alongside nap lounges and smoothie bars, but offering your employees unlimited PTO is not only totally doable, it could have a really positive impact on your organization and culture. So what is "Unlimited PTO"? Unlimited Paid...
Providing generous benefits for church employees is part of a strategy that is used to attract and retain key employees. Benefits vary greatly by the organization and can be as simple as health insurance for church employees to as complex as flexible work schedules or on-campus daycare. Benefit packages come...
Want to attract and retain workers? Who doesn't? Consider free meals. Company-paid lunches are a major perk that's hard to pass up, especially if you're a millennial. USA Today reported that providing free food to your employees can result in a 67% job satisfaction rate. Let's...
With 10.7 million job openings in the US as of September 2022, employers are understandably looking for an edge when it comes to acquiring new talent. Filling open positions is more challenging now than ever, so it’s essential to stand out from the crowd. To...
Studies repeatedly cite health insurance as the most desired workplace benefit among employees. However, recent studies show an increasing demand for nonmedical workplace benefits. In November 2021, LIMRA reported that nonmedical benefits are expected to increase 20% by 2026. This data comes from a survey conducted...
Telehealth has been around for decades. In the past couple of years, however, the practice has gained immense steam. In fact, telehealth is now a core aspect of many employers' group health plans for several reasons: Telehealth can reduce health care costs, i.e., it can...
Health savings accounts are paired with high-deductible health plans for an especially adaptable insurance and savings program. HDHPs have large deductibles that members must meet before receiving coverage. Participants meet those deductibles by contributing their own money to HSAs. The government does not tax these...