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3 Ways to Recession-Proof Your Benefits Program

Best Money Moves

If companies hope to address the ever-changing needs of their employees they must create a benefits package that’s fit for economic hard-times. Here are 3 strategies to recession-proof your benefits program. A comprehensive benefits package can be the difference between landing a good and a great candidate.

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Perks of consolidating benefits solutions

WEX Inc.

Managing a comprehensive benefits program can be a challenging task for any HR department. According to a recent survey , 74% of HR leaders are actively planning to consolidate employee benefits in the coming year. Here are some of the top perks of consolidating benefits solutions.

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How to Improve Employee Satisfaction with Workplace Bonding?

HR Lineup

Encourage employees to take breaks, maintain reasonable work hours, and utilize vacation time. Additionally, comprehensive benefits packages, including health insurance , retirement plans , and other perks, contribute to employees’ overall satisfaction and well-being. Avoid a culture that glorifies overwork and burnout.

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10 Best Benefits Administration Software in 2023

HR Lineup

It provides a comprehensive solution for tracking, managing, and optimizing employee benefits across different countries, ensuring global compliance and simplifying complex tasks for HR teams. Remote Remote offers comprehensive Benefits Administration Software that streamlines HR processes.

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3 major benefits challenges for HR and how to solve them

WEX Inc.

For example, My HSA Planner makes learning about how to utilize health savings accounts (HSAs) a breeze. Additionally, AI tools can further streamline benefits information, making it easier for your employees to digest. Finally, ensuring accurate enrollment and eligibility is another potential strategy employers can utilize.

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What is Unicorn Hiring?

HR Lineup

Comprehensive Benefits: Providing benefits that go beyond the basics, such as stock options, flexible working conditions, and professional development opportunities. Talent Mapping : Identifying and tracking potential candidates within the industry.

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Recruiting in the Candidate-Driven Credit Industry

Professionals Alternative

Offer competitive compensation and benefits – In today’s market, candidates are looking for more than just a paycheck. Utilize social media – Social media should be a key part of your recruiting strategy in the credit industry.