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“The biggest surprise was that, overall, while the number and types of benefits offerings from organizations has grown over the past 20 years, there have not been many major changes in terms of coverage of core employee benefits. I understand the core benefits Evren mentioned are expensive to an organization’s bottom-line.
Founded in 2012, Namely has emerged as a leading cloud-based HR solution, catering to the evolving needs of modern workplaces. This platform integrates various HR functions into a unified system, offering a user-friendly interface and a suite of tools to manage employee data, payroll, benefits, and more.
The five pillars of employee wellbeing are: Social Professional Physical Emotional Financial The benefitspackage you provide to your employees should address all five pillars of their wellbeing. Look beyond the 401(k) Employees tend to think of a 401(k) retirementplan as a standard, commonplace benefits offering.
As workforces nationwide continue to become more multigenerational, HR and benefits professionals have the unique task of tailoring employee benefits that meet an increasingly diverse range of wants and needs. Benefits such as student loan assistance, mental health resources, and remote work options may be appealing to them.
State and the federal government have been taking significant steps to make it easier for more employers to set up 401 (k) retirementplans. Small businesses can soon offer association retirementplans. An estimated 38 million American workers don’t currently have access to an employer-sponsored retirementplan.
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