With open enrollment season underway, you’re probably looking for ways to offer a competitive benefits package – without blowing the budget. One common way to help keep health insurance costs in line is to implement a tobacco surcharge. And if…
Benefits Management
If you're like most employers, you offer paid holidays. But how about paid floating holidays? As we head toward year-end, consider your company policy on this. Floating holidays can be a bit of a misnomer – they may have more…
As you prepare your salary budgets for 2023, it’s important to know employees’ expectations in terms of pay and perks so you can avoid having to replace your best people in the new year and retain those you bring on…
The workplace has recently gone through drastic changes in response to the pandemic. While not every change will last forever, many are poised to make a permanent impact on how employers operate. Companies that want to keep their costs low,…
While you hope your people are always feeling their best mentally, that’s not always the case. And it can be rough for CFOs and other execs at the top, too. Mental health issues can not only diminish people’s quality of…
As you make strategic decisions in the coming days on what employee benefits your company is going to present at open enrollment, a package appealing enough to retain employees has to be just as top of mind as controlling costs.…
With several states recently passing legislation restricting access to abortion services, some of your peers have been mulling over paying for medical care travel expenses that employees and their dependents incur because the services they seek are unavailable in their…
Besides the adoption of remote and hybrid work schedules, the approaches your peers are taking with paid leave benefits for their employees seem to be getting more flexible as well. According to a recent leave programs survey conducted by Mercer,…
The ongoing Great Resignation is proof that an update to your compensation strategy may be in order. In fact, a study by Mercer found a majority of employers (70%) are re-evaluating their compensation and benefits because of challenges with attracting…
Just like many of your peers, Goldman Sachs felt like it had to do something big to retain top Finance talent. In its case, it was offering unlimited PTO for senior employees, and adding two days off each year for…
There’s a factor you might not be considering that’s impacting more than 85% of your people’s productivity and hurting your bottom line right now. It’s employees’ worries about their own personal finances. Over half of employees surveyed by SoFi at…
New Bureau of Labor Statistics (BLS) data reveals the changes businesses made in the middle of the coronavirus pandemic. The BLS released the 2021 U.S. Business Response Survey to the Coronavirus Pandemic at the beginning of this year. The survey…
