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As employers struggled to respond to trends such as the Great Resignation and quiet quitting, many quickly hired employees to cut costs and fill open positions. Unfortunately, reactionary hiring often didn’t work for either party. According to a USA Today poll,only 26%of job switchers liked their new position enough to stay. For this reason,...
Various factors can influence company culture, and new norms can be introduced to employees anytime. As technology advances and becomes more common in today’s workplaces, organizations can specifically leverage HR data to optimize the overall employee experience and foster a strong company culture. With accurate data, HR professionals better...
Currently, healthcare costs in the United States are high and rising, outpacing inflation and wage increases. While many employers had relatively lower claim costs during the COVID-19 pandemic, medical plan costs are approaching pre-pandemic levels as healthcare utilization rebounds. Other factors like inflation, specialty, and novel prescription...
Experiential rewards have 3.8 times more impact on the employee experience than any other type of reward, including cash, gift cards and extended paid time off, according to a study by employee rewards platform Blueboard.
Many employees continue to feel financially strained because of inflation. With open enrollment fast approaching, inflation could impact employees' choices regarding their benefits. Specifically, employees are likely to consider which benefits matter the most and how to optimize the money they spend on those offerings. As a result, this year’s...
A health savings account (HSA) is an excellent tool for helping manage your out-of-pocket healthcare expenses. Consider thefollowing five tips for getting the most out of your HSA:
Work environments can significantly impact the mental health of employees. In fact, research by the American Psychological Association found that 2 in 5 employees report that work negatively affects their mental health. Workers’ poor mental health can, in turn, negatively impact employee communication, performance, morale, and productivity....
Employees who feel disregarded by their organization are more likely to get frustrated, feel burnt out, and quit. Forbes listed being unheard by supervisors and feeling “overlooked or ignored” as two of the top ten reasons employees leave their jobs. This can devastate employee retention rates, increasing hiring costs and making it challenging for...
Identifying gaps in benefits offerings can be complex, as it requires a careful assessment of employee preferences, trends, and organizational resources. However, this task is vital; benefits offerings can lead to increased employee engagement and satisfaction. Consider the following strategies for identifying and addressing these gaps: ...
A recent survey by the Kaiser Family Foundation (KFF) found that nearly half (43%) of insured adults who rated their mental health as “fair” or “poor” were unable to receive necessary mental health services or medication in the past year. Amid a shortage of mental health professionals, many patients are struggling to find mental health care...