The low-unemployment forecast is one of the biggest reminders that compensation alone is not enough to compete for talent. While it will always be an important factor in attracting employees, financial compensation remains just one piece of the nebulous puzzle that everyone calls total rewards. Picking the right benefits to offer is crucial. They make […]
Tag Archives: total rewards
12
Feb
Feb
According to a recent Harvard Business Review (HBR) study, only 28% of corporate leaders say employees take full advantage of their healthcare coverage. For many companies, that’s their single most expensive benefit. In fact, it costs large U.S. employers nearly $15,000 per employee with family members. Meanwhile, many employees aren’t even confident they know the […]
20
Jan
Jan
HR leaders know it can be all too easy to take a simplistic view of benefits, only offering basic choices that allow them to “check that box.” But the reality is benefits can be so much more than that—they can be used as a strategic tool to reach those business goals you’re after. Our Forrester-conducted […]
06
Nov
Nov
More than 80% of U.S. workers say their job satisfaction is tied to benefits satisfaction. Some might say that makes an HR director’s job easy—but they’d be wrong. The reality is employee satisfaction is very much a moving target. In a still-tight job market, HR and benefits teams need to manage an increasingly complex set […]
21
Mar
Mar
In 2009, the only business that seemed to be growing sharply was outplacement. That year, the nation’s unemployment rate skyrocketed and hiring barely budged. Fast-forward to present day with unemployment at around 4%, following a record-breaking 2018 in which national job turnover figures were the highest they’d been in 17 years. What a difference a […]
12
Sep
Sep
Just as the work landscape has changed over the years, employee benefits have evolved, too. Embracing a unique mix can make all the difference. Once upon a time in the United States, men were the primary wage-earners in two-parent households, employees expected to stay with the same company for a lifetime, and wages were the […]
16
Feb
Feb
We recently explored how using benefits as a tool to recruit and retain can help you create the workforce you want. This covers employees in two stages: pre-hire and post-hire. Now let’s think beyond that—there is a subsequent piece in the employee lifecycle. How can benefits play a role after an employee leaves the company? […]
08
Feb
Feb
We work with HR professionals in a variety of businesses—some who are new to the benefits industry and others who have spent decades in the field. Total rewards is a relatively recent invention from the aughts, but the roots of what most employees expect today go back nearly 400 years! And from the start, it […]
14
Nov
Nov
The well-worn expression, “can’t see the forest for the trees,” is invoked to suggest an excessive focus on details at the expense of the bigger picture. In the world of benefits, we might need to turn this familiar phrase on its head and talk about not seeing the trees for the forest. Let me explain. […]