As workers and businesses alike grapple with economic downturn and labor market woes, compensation and benefits has become a lifeline for employers to both attract and retain top talent. For employees, a solid compensation and benefits package can help them combat the cost-of-living crisis and lower outside financial stressors. The days of a one-size-fits-all approach […]
Employee communication can be a headache for HR – even just getting employees to open your emails can sometimes feel like a struggle. But when it comes to benefits, a lack of effective communication can lead to confusion and stress when open enrollment comes around. Ensuring employees have the right information to make an informed […]
We all strive to lead healthy lives, but illnesses and accidents are inevitable, no matter how cautious we are. Health Savings Accounts (HSAs) are a great way to help employees protect themselves financially. Offering an HSA to your employees can help them take control of their health and prepare for retirement. However, HSAs can be […]
One of the toughest things employers have to define and redefine is benefits strategy – especially with employee retention being the challenge that it is right now. A survey of employee attitudes by Willis Towers Watson indicates it’s possible to bolster employee engagement and loyalty through benefits. But according to Ed Walker, the CEO of […]
Often when discussing family and caregiver benefits, your mind jumps immediately to childcare benefits such as parental leave. But there’s another side of caregiver benefits that is less talked about: senior care. Senior care, also known as eldercare, is a much less talked about element of being a caregiver, but that doesn’t mean that it’s […]
In today’s rapidly evolving healthcare landscape, Health Savings Accounts (HSAs) offer a remarkably effective solution to ease the financial strain experienced by employees due to high inflation and the changing nature of health insurance. But employees — and often employers — have legitimate questions about HSAs. Are you prepared to answer them? HSAs, when paired […]
With tax season in full swing, your employees may be sifting through shoeboxes full of receipts in an attempt to identify and organize qualified health savings account (HSA) expenses as part of their 2022 tax filing. But the more likely scenario is they’re completely unaware of the need to verify HSA purchases. The ability to […]
For employees who have spent most of their lives covered by their parent’s health insurance, turning 26 can be scary, as they are faced with making benefits decisions on their own for the first time. Considering the fact that more than half of consumers – regardless of age – report feeling “totally lost” navigating healthcare, […]
Sharpen your pencils, HR: The Perk-cession is here and you’ll likely have to rethink benefits to attract and engage employees. So why are companies pulling back on perks — creating this so-called Perk-cession? For one, employees don’t want be in the office, so they aren’t interested in pool tables, free dry cleaning and barista-style coffees […]
