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Companies must recognize this and take action to incorporate more workplaceflexibility – or risk losing top talent to competitors. A time and attendance policy doesn’t have to conflict with solidifying norms around workplaceflexibility. Expanded employee benefits.
First, let’s clarify how wellness initiatives are different from standard employee benefits , such as 401(k) retirement plans, paid time off (PTO) and various types of insurance (health, dental and vision being among the most common). Employee wellness programs versus general benefits.
Employee retention is one of the top concerns for companies right now, driven by three primary factors: A highly competitive labor market An uncertain economy marked by sky-high inflation that has nervous employees looking elsewhere for better pay and benefits and greater job security Lingering impacts from the COVID-19 pandemic, such as employees (..)
The workplace has been transformed by the pandemic, now employees have higher expectations for compensation, benefits, and workplaceflexibility. Include vision, dental, life, disability, 401K plans, and more. Due to this, employers of all sizes are facing attraction and retention challenges like never before.
Optional dental and vision care are usually offered alongside health insurance for an added fee.) In a 401(k) plan, the most common type of retirement plan, employees can save up to a certain amount set by the U.S. Managing employee benefits So, how do you: Select the right benefits for your workplace?
Companies must recognize this and take action to incorporate more workplaceflexibility – or risk losing top talent to competitors. To tackle this, organizations will likely settle on a hybrid work arrangement , as well as flexible work schedules or even shortened workweeks , as a compromise.
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