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Today, FEDlogic is proud to fulfill its mission to provide families with unlimited and unbiased access to the knowledge of its experts at no cost to the family. During the first quarter of 2023, FEDlogic provided 1,354 consultations resulting in 356 transitions from employer group health plans to alternative healthcare options.
In 2023, it really has felt like the pandemic is finally over and, in my organisation, like in many others, there has been a gradual shift back to more office-based working, which has brought with it many benefits. appeared first on EmployeeBenefits.
In today's tough job market, businesses need to attract and keep the best employees to succeed. In 2023, employeebenefits are important for businesses. Welcome to “EmployeeBenefits Guide for 2023: What Employers Need to Know.” Why Are EmployeeBenefits Important?
“Through process redesign, automation in our onboarding and a campaign of continuous awareness, we have embedded our benefits into our permanent wellbeing and employer value proposition communications campaigns,” she says.
Employees react better to communications that they consider relevant to their personal circumstances, so employers should used targeted guidance and support about benefits available. This suggests that benefits are a valuable tool to attract and retain individuals that might be facing challenges, such as money or health issues.
Imagine a world where managing employeebenefits is no longer a daunting task but an empowering experience for HR teams and employees. With an innovative employeebenefits platform, that world becomes a reality. Importance of Having an EmployeeBenefits Platform in Place 1. Let's delve in.
More than three-quarters (78%) of UK employees admitted that their mental health had impacted their ability to do their job over the past year, according to new research by Lyra Health. In 2023, 27% of managers said their mental health had a significant or severe impact on their ability to do their job, up from 18% in 2022.
National EmployeeBenefits Day is celebrated on April 6th. This day is dedicated to recognizing employers’ hard work and dedication that provide valuable benefits to their employees. These eight benefitsprovide an opportunity for over $30,000 of increased value to employees each year.*
While employee health and wellbeing should be at the forefront of employers’ minds throughout the year, it should particularly be of focus during the winter months due to the impact of decreased daylight and temperature on physical, mental and financial wellbeing.
As a rule of thumb, the better the employee engagement, the higher the morale and productivity throughout the workforce. But businesses can do better at engaging their workers, says David McCormack, CEO of employee perks and benefitsprovider HIVE360. Gallup State of the Global Workplace Report 2022.
While connection and relationships are essential, employers must also recognise the differences between generational needs, ensuring their employee rewards and recognition strategy is inclusive. Today, we’re focusing on how to make employee rewards schemes inclusive of different generational interests and needs.
In fact, according to Forbes Advisor , 40% of employers believe that workers would leave their current jobs to find employment that offers better benefits. Well-tailored, helpful employeebenefits go a long way toward keeping your existing team members satisfied while also attracting new talent.
These schemes are likely to have more exclusions and limitations, but can provide a more cost-effective method of creating healthcare support for those employers concerned about tightening costs, as well as removing the uncertainty that arises when cost can vary depending on age or pre-existing conditions. Who are some of the key providers?
The Early Education and Childcare Coalition and the University of Leeds’ November 2023 study Retention and return: delivering the expansion of early years entitlement in England revealed that 35% of nursery managers said they would limit the number of places they offered unless there was more government support to retain and recruit staff.
found in its November 2023 research that work-life balance is important to 36% of older workers, while 55% said it has become more so as they aged. But what benefits can employers offer to support the ageing workforce? This will also help to boost employee attraction and retention. Job and community site Workingwise.co.uk
Employeebenefitsprovider Vivup and group protection and investment provider Canada Life UK have been shortlisted in the Best supplier to work for category at the EmployeeBenefits Awards 2024. It is only open to internal HR teams of employeebenefitsproviders, suppliers, advisers and consultants.
Private healthcare provider Bupa and employeebenefitsprovider Vivup have been shortlisted in the category Best Supplier to Work For at the EmployeeBenefits Awards 2023. It is only open to internal HR teams of employeebenefitsproviders, suppliers, advisers and consultants.
Tailored benefits that are personalised to employees’ needs offer an effective form of support. With different employee demographics experiencing varying financial wellbeing needs, how can employers best target support to specific staff groups?
EmployeeBenefits Live 2023: Enterprise Rent-A-Car has supported employees during the cost-of-living crisis with a salary increase and conducted a benchmark analysis of its pay and benefitsproviders.
As an employer, you are responsible for keeping your employees happy, motivated, and engaged. One of the ways to achieve this is by implementing an effective employeebenefits program. Employeebenefits programs are an integral part of any organisation's compensation plan. What are employeebenefits?
EXCLUSIVE: Day nursery provider Kids Planet has introduced an enhanced package of benefits, including new parental leave policies, for 4,595 members staff caring for more than 15,000 children across its 156 UK nurseries. The post EXCLUSIVE: Kids Planet introduces enhanced parental benefits appeared first on EmployeeBenefits.
Credit: William Barton / Shutterstock.com Specialist wine retailer Majestic has raised the hourly pay of its retail employees to at least £10.60 for 2023/24 as a result of the new hourly base rate and pay structure. Other benefitsprovided by Majestic include the chance to win incentive trips to wineries around the world.
The most obvious trend, as with so much else in HR and employeebenefits, is the move to digital. Who are the main providers and what types of schemes do they offer? The post Buyer’s guide to total reward statements appeared first on EmployeeBenefits. What are the current market trends or developments?
Employeebenefits in the UK aren't just a nice-to-have; they're a strategic tool in the modern business arsenal. Employeebenefits in the UK have emerged as the silent game-changer, influencing recruitment, retention, and overall workplace satisfaction.
As a leading pre-tax benefitsprovider, Benefit Resource (BRI) has actively participated in various events to showcase our innovative solutions and expand our network. For those always on the lookout for the latest employeebenefits, this post is for you!
With operational costs rising, organisations might be forgiven for cutting their benefits budgets. However, in a tight labour market, the evidence suggests most employers are not slashing benefits. An overwhelming 82% said no, reports David Collington, partner and head of benefit consulting at Barnett Waddingham.
According to a recent study by HBR , 80% of employees say that benefits are a significant factor in deciding whether to accept a job offer, and 60% of employees report that benefits are a major reason for staying with their current employer. What are employeebenefits?
To prepare for the future of work, make financial wellness a part of your benefits strategy. New developments in benefits technology are reshaping the future of work. With benefits technology constantly evolving, compensation alone is no longer enough to keep your workplace competitive for new hires.
New research suggests that the continuing cost-of-living crisis is now affecting a greater proportion of employees, with more people working extra hours, more struggling to buy food or pay their bills, and fewer being able to afford to take sick days, compared to mid-2022. This is the second time that Ciphr has run its Cost of living survey.
What is an Employee Perks Program? An employee perks program is a set of additional incentives and benefitsprovided by an organization in addition to their normal compensation. These programs are designed to increase employee experience , boost morale, improve retention, and ease financial stress.
It’s increasingly important for employers to have family-friendly employeebenefits and policies to support recruitment and retention. These need to recognise the diverse needs and responsibilities of employees today and enable them to effectively balance their work and family life.
The research also revealed that up to 77% of workers with access to employer-sponsored benefits, chose to participate in the program, increasing the take-up rate. They acknowledge and celebrate an employee's years of service and contributions to the organization. Greenwald Research & EmployeeBenefit Research Institute.
These programs, focusing on engagement and accessibility, provide a powerful incentive for employees, demonstrating that their organization cares about their financial well-being and quality of life. How to Offer : Two companies, Corporate Offers and Vantage Circle , offer competitive and efficient discount programs to their employees.
According to a recent study by the International Foundation of EmployeeBenefit Plans (IFEBP), 40% of US organizations included fertility benefits in their 2023benefits packages. This marks a substantial increase from three years ago when only 30% of companies offered such benefits.
As a result, only a small percentage of employeesbenefit from these requirements. Some large employers have turned to third party fertility benefitproviders, which operate outside traditional health plans, to offer IVF coverage. Recent legislative efforts have stalled.
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