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If you’re in HR or own your own business, how sure are you that your employees understand the benefits you provide them? It might not be as much as they say.
A 2017 survey by Guardian asked employees how much they understand their employers’ benefits. A whopping 80 percent responded they did. However, when the employees had to take a test to prove it, only 49 percent did.
Running a small business is never easy. Depending on the size of your company, you could be responsible for everything from sales to operations. Keeping track of everything can be a major headache, and possibly even lead to lower productivity.
One area you need to always keep tabs on is your employees. Yes, you need to be concerned with their work effort. However, you also need to continually be on top of what goes into employing them — things like paperwork, labor laws and the like.
For some small businesses, it makes sense to have a human resources professional on staff to do this for you. Like many things in today’s business world, you have many options. You can hire a full-time or part-time staff member.
You can use a consultant. Many companies specialize in certain areas like payroll. Some businesses decide to go with an external firm that can handle everything for you.
If you are thinking about delegating some or all of your HR duties, here’s four critical areas you’ll need to think about when making a decision.
The job market is smoking hot. Low unemployment, higher wages. Jobs open everywhere (it seems). Job candidates are so confident of their chances, they ghost interviews. With labor market conditions like this, attracting and retaining employees can be difficult.
The reality is people are looking for better opportunities. About 60 percent of Millennials switch jobs annually, according to Gallup. Nearly half of all non-Millennial workers are open to switching jobs, too.
With so much change and turnover in the job market today, it’s important to offer an attractive benefits package. While some perks like “Cadillac” health insurance are always attractive, you also need to ensure your package is as competitive as your competition.
When analyzing benefits packages, particularly against companies in your region, here are some key benefits that could make your offer more attractive than your competition.
Businesses invest a lot of time and energy in recruiting a diverse workforce. While the old benefits plan may have been widely popular, it might not fit your current workforce made up of many different backgrounds.
So while a diverse staff is taking care of the overall health of the business, it might be time to make sure you are giving them what they need.
It’s no secret an excellent salary, health insurance and other meaningful benefits that impact your employees’ lives can make you competitive in attracting and retaining the best workforce.
Here are 4 ways you can rethink your benefits offerings when thinking about your diverse workplace.
Do you offer your employees paid time off to volunteer? Smaller “nooks” in the office so your team can gather quickly to collaborate? Remote working opportunities, even if you live right down the street from work?
Employee benefits, and how they fit into your company’s culture, has become a main factor in attracting and retaining employees.
Want to provide better benefits to your employees and candidates — and not break the bank?
Stay away from booking those “trust falls on retreats.” Instead, give them something they will benefit from every day.
You know you have to offer the best benefits to attract and retain quality employees for your business. And you know one way to do that is to offer excellent commuter benefits to your employees.
Since your organization is unique, however, your commuter benefits program will be too. To make the process as easy as possible, it’s best to work with a trusted and reliable provider.
Select the right provider and they’ll help you find a plan that’s simple for you to administer and one that will make the most sense for your employees’ transportation habits.
To help you get started, here are 5 key questions to ask when you start researching benefit providers.
Saving money every day with commuter benefits and time well spent on the commute make it easier to start the day fresh and focused. Still, each day brings its own set of challenges, successes, and setbacks that can cause wear and tear in the motivation department.
How to keep employees motivated is an ongoing conversation but here are some tips that can inspire a new way of doing things. Take a look!
Professional networking site, LinkedIn, recently gathered data to compare employee turnover rates by industry, such as Retail & Consumer Products, Media & Entertainment, and Financial Services & Insurance and ranked them by employee longevity.
Topping the list with the highest rate, despite legendary perks such as nap pods, free meals and snacks, and unlimited time off, is the tech industry, still a competitive job market with lots of competition.
Taking a closer look at the data within the tech industry, the San Francisco Business Times, reported on which tech companies in this highly competitive job market, were succeeding in retaining employees, and as we may all agree, is vital to long-term growth and success.