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employee benefits articles 2019

21st January 2019 8:34 am 17th January 2019 10:57 am. Health insurance for pets is a benefit that’s grown 6 percent since 2015 (4 percent of that was just this last year). But our notion of what “wellness” means is evolving—it’s no longer just about addressing physical health. We believe it’s truly about “holistic well-being,” which encompasses mental, financial, and physical well-being. Like student loan assistance, savings and spending accounts, such as health savings accounts (HSAs) and flexible spending accounts (FSAs), help employees manage financial well-being by earmarking funds for categories of expenses. With 56% of people who experience workplace anxiety reporting fatigue and lack of motivation, supporting your employees’ mental health can improve their productivity and morale. ContinueSkip. Artificial intelligence (AI) was one of the most exciting advances in HR tech last year, and in 2019, this technology will continue to revolutionize how HR professionals do their jobs. For employers looking at 2019, the economy’s health will continue to play a big role in which benefits programs to implement and how employees expect their employers to manage benefits for them. But “benefits” can mean a lot of things, and while much of what constitutes a high-quality benefits package has remained constant—think health coverage and 401(k) contributions—our workforce now comprises five generations. Keep up with the current number of cases in your state with our interactive map, updated daily, and read on to learn how COVID-19 is impacting workplaces across the nation and what you can do to keep your workers healthy and safe. Also, don’t overlook the importance of financial well-being. After employees sign up for benefits, talk to your broker about sending out customized emails with paths and resources every few weeks to continue engagement. 2019 will be no different. Find trends in employees’ benefits usage to figure out where you can make improvements. that can make the whole process a lot simpler. Learn more […]. If a remote workforce […]. Look out for our weekly newsletter, to stay on top of the latest As an HR professional, you are sympathetic, enthusiastic, and care deeply about the people at your organization. Flextime and remote working help your employees manage their many responsibilities in and out of the office. As you look for ways to attract and retain top talent, keep your eye on these three benefits trends for 2019: Employee wellness has been featured prominently in HR discussions over the past few years, particularly as wellness programs have exploded in popularity. Managing your People and Professional Services with ESPO. A recent survey shows that 25% of employees without financial benefits want access to unbiased financial counselors. Higher and degree apprenticeships. Published on … And what has caused more change than the coronavirus pandemic? Employee benefits are significant in an employee’s decision to accept or reject a job. Making your organization stand out from the crowd is increasingly important—and more challenging. Before you dig into benefits offerings , take time to talk to your organization about what’s working and what isn’t. With so many generations, one size does not fit all for your employees. Focus on providing individualized communications to employees in the ways they prefer. This 3 part blog will identify some of the most common and costly HR and employee benefits mistakes and provide tips on how to avoid them. Millennials with student loan debt owe an average of $33,000, so it’s no surprise that employer contributions to loan repayment benefits, like 401(k) matches but for debt instead of savings, are very attractive to these employees. Available at any time, and in any place, these technologies meet the needs of workers who don’t just think about benefits on a nine-to-five schedule. HR Technologist.com and its partners use cookies to help personalize content and ads, provide social media features, and analyze traffic and its behavior. Hi there! Here's what you should keep in mind. Utilizing a secure SaaS platform, Businessolver’s programs and communications tools help their clients maximize benefits program investment, minimize risk exposure, and keep employees engaged with their benefits year-round. Click here to read the our latest information for customers and suppliers. Like what you are reading? Believe it or not, when asked if they wanted a job with benefits or job with no benefits but a 30% higher salary, 80% of respondents chose the job with benefits, not a bigger paycheck. Particularly if you’re recruiting new graduates, this benefit can make or break a job offer and compensation package. Offering a single benefits solution across the board no longer cuts it for employees looking for specific help in areas not covered by a retirement plan or health benefit. One of the most effective ways to meet this growing challenge is to ensure that your company offers a benefits package that differentiates your organization and entices employees to join and stay. For example, including mental health coverage in your healthcare plan provides employees with valuable financial support for services such as counseling. Tools such as chatbots and virtual personal benefits assistants will utilize AI to help employees navigate the benefits selection process. And financial well-being aids mental well-being: An estimated one in three absences is due to anxiety and/or stress, so reducing anxiety over finances can improve productivity and lower healthcare costs associated with anxiety, currently estimated at $42 billion a year. This year, AI moves beyond scanning résumés as machine learning becomes more integrated into benefits administration platforms to drive efficiencies and service levels. After employees sign up for benefits, talk to your broker about sending out customized emails with paths and resources every few weeks to continue engagement. From personalized benefits communications to changes in healthcare spending, it’s more important than ever for employers to be proactive with their benefits programming. what different age groups want from employee benefits. Log in to our online catalogue 2018 was a record year for the economy, and its health will play a big role in helping decide which proactive benefits programs employers implement in 2019.

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