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Displaying items by tag: employee benefits best practices

Friday, 08 March 2024 23:16

Recruiting and Retaining Millennials

Millennials, are those born between 1980 and 2000. They are projected to make up 75 percent of the workforce by 2025. As more baby boomers retire, no longer are millennials the workers of the future; instead, they are the leaders of today.
Published in Best Practices
Tuesday, 09 January 2024 00:15

Financial Wellness

Saving money for the things we want is a well-understood concept. If you want to buy a TV or go on vacation, you’ll have to save up for it. Simply put, you can’t expect future expenses to pay for themselves. 

Published in Wellness
A recession is a prolonged and pervasive reduction in economic activity that can last for several months or years. Amid a recession, organizations of all sizes and sectors usually experience decreased sales and profits stemming from changing economic environments and consumer behaviors. While these behaviors can threaten the financial stability of any organization, large businesses are often better positioned to weather a recession because of their substantial revenues, excess reserves and expanded access to a wider range of credit markets. On the other hand, small businesses may be particularly vulnerable during an economic downturn, as they generally lack the additional capital necessary to offset extended periods of loss. As a result, when a recession occurs, small businesses are more likely to have to make difficult financial decisions to avoid issues such as insolvency or bankruptcy.
Published in Best Practices
If your employees miss your open enrollment deadline, they could lose coverage and be unable to make benefits changes or enroll until the next enrollment period. One exception to this rule is if they experience a life-changing qualifying event that would trigger a special enrollment period (SEP). Events such as getting married or divorced, having children or losing eligibility for other health coverage can trigger special enrollment rights.
Published in Benefits 101
Wednesday, 03 May 2023 23:05

HR Toolkit: Employee Engagement

Engaged employees are more than just satisfied with their jobs, they are committed to the company and its goals. They have passion, pride and energy for their work and their organization and are willing to go the extra mile on a regular basis. Employees who are truly engaged stay because they enjoy their work and support the company.
Published in Benefits 101
Tuesday, 20 September 2022 23:28

HR Toolkit: Workplace Well-being

Many employers are now focused on total wellness or well-being, to include all facets of employee health, not just physical health. This can produce a well-rounded workforce and help improve productivity, employee morale and customer service.

This toolkit includes information on the main facets of well-being

  • Physical
  • Mental
  • Financial
  • Social

CLICK HERE to download the toolkit. 
Published in Best Practices