With low unemployment and workers willing to take a job across the street for a mere $.25 increase in their hourly wage, employers need innovative ways to increase employee engagement and retention. At the same time, the new workforce, comprised largely of millennials and Gen Z, is looking for greater control, flexibility and transparency in […]
When the Department of Labor issued its final rule to expand access group retirement plans, it moved a step closer to what for many in the benefits industry is the ultimate dream: unfettered access to multiple employer plans. On Monday, the DOL announced it will relax the regulations governing which employers can band together to […]
Like a significant chunk of American voters, a majority of large employers want to expand Medicare. Just not too much. A new survey of 147 large employers from the National Business Group on Health found that 55% of them support a Medicare expansion that’s limited to older Americans. Only 23% think eligibility should drop to age 50, however, […]
Research shows that benefits drive the attraction and retention of employees even more than compensation. When implemented the correct way, these perks can help draw diverse groups of workers. So if this is the case, why are so many packages not tailored to diversified workforces? The short answer is because it’s easier to administer a […]
Too many new managers don’t receive adequate leadership training. In fact, a Gallup poll found only 40% of managers in the U.S. feel their developmental needs are being met. Many feel uncomfortable giving and receiving feedback, so they avoid having these necessary conversations. Today’s workers expect more frequent feedback from their leaders. There are now five […]
While the U.S. is enjoying one of the longest economic booms in history, economists warn it won’t last forever. Employers need to have a game plan in place if they want to protect their reputation as a great place to work when the next recession hits, said Andrew Chamberlain, chief economist at Glassdoor. “Many economists […]
Financial experts agree: Employer-sponsored 401(k) plans are one of the best retirement savings tools. Americans have $5.7 trillion invested in employer-sponsored 401(k) plans, according to the Investment Company Institute. That’s about 20% of the total retirement pie in the U.S. But despite their widespread use, many people don’t understand how 401(k) plans work, especially when it […]
Society is still placing unrealistic expectations on women in the workforce. About 70% of employed women are working moms, according to the Bureau of Labor Statistics. Yet despite this majority, women can still feel as if they need to choose between their career goals and family goals As such, mothers can find themselves feeling inadequately […]
Research shows that benefits drive the attraction and retention of employees even more than compensation. When implemented the correct way, these perks can help draw diverse groups of workers. So if this is the case, why are so many packages not tailored to diversified workforces? The short answer is because it’s easier to administer a […]
In July, Oregon became the eighth state in the U.S. to pass paid family and medical leave, and more than 20 other states are expected to pass similar legislation soon. Today, employer clients not only have to be compliant with the growing number of state and local laws, but also with FMLA, the ADA, statutory […]
