Alleviating Labor Challenges in Healthcare
It’s no secret that healthcare systems and providers have struggled to keep up with the intensity of ongoing labor-related challenges. Consistent turnover, decreased employee satisfaction, and talent attraction struggles continue on. Whilst there is no silver bullet, there’s an overwhelming amount of data that indicates a correlation between benefits satisfaction and alleviating the aforementioned challenges. As a result, HR leaders are turning their attention to OE 2023/2024 as an opportunity to diversify their benefits strategy. Particularly, within the arena of voluntary benefits (VBs) and employee savings programs.
Life with Long Term Care
When looking for a new job, people want competitive pay, flexible hours, and top-of-the-line benefits to complement their lifestyle. In some instances, voluntary benefits can be a make-or-break factor when individuals consider signing an offer with a company.
As a business, it's your job to provide a competitive benefits package employees can benefit from in their current lives and beyond. That's where the long-term care (LTC) rider comes into play.
LTC products, designed to protect employees from the negative effects of chronic illnesses, have been a popular choice since the 1990s. Long-term care allows the leveraging of life insurance funds for medical treatments.
How to Assess a Large Organization's Need for Switching Voluntary Benefits Platforms
Voluntary benefits, also known as employee-paid benefits, are playing an increasingly important role in employee satisfaction and retention within large organizations.
Aptly named as they are in addition to the traditional benefits companies typically provide like health insurance, voluntary benefits are additional perks that employees can choose to purchase through their employer. When employers offer these supplemental benefits, it helps them attract and retain top talent, in addition to improving staff engagement and satisfaction.
A Comparative Analysis of Popular Voluntary Employee Benefits Options
The purpose of this comparative analysis is to provide an in-depth examination of popular voluntary employee benefits options, highlighting their advantages and potential drawbacks. This analysis will serve as a valuable resource for executives and HR leaders in large organizations seeking to develop or improve their voluntary employee benefits program.
How to Create a Comprehensive Employee Benefits Package that Attracts Top Talent
We are working in a much different job market compared to the past few decades, and employers who value top talent are taking a new look at employee benefit packages. While health insurance, retirement benefits and paid time off are still extremely important to employees, so now are additional benefits such as flexible working hours, wellness programs, and professional development opportunities.
Employee Wellness Programs Benefits: What's the ROI for Your Business
The past year and a half has brought about a multitude of trends in the business world, making it difficult to keep track of them all—one such trend is the corporate wellness program.
According to a study funded by Rand Corporation and the United States Department of Health and Human Services, 80% of companies with more than 50 employees offer a benefit associated with corporate wellness to improve employees' health and overall well-being.
7 Effective Employee Retention Strategies
The so-called "Great Resignation" is in full swing, significantly impacting enterprises of all sizes. Organizations are now confronted with one major issue: how to attract and retain the best talent. And this issue calls for effective employee retention strategies.