Eliminating Rising Employee Concerns & Stress with the Help of Total Rewards Statements
Key Takeaways: Total rewards statements (TRS) increase transparency and trust by clearly outlining the full scope of employee compensation. By focusing on various aspects of well-being, a TRS helps address specific employee concerns such as health, mental wellness, and financial security. Total rewards statements reduce financial anxiety by showing employees how compensation contributes to their…
HR Trends in 2025: Shaping the Future with Technology and Personalized Experiences
Key Takeaways: Advancement of HR Technology: In 2025, HR leaders will adopt more advanced technologies to optimize HR processes and deliver highly personalized experiences for employees, especially in communicating total rewards. Employee-Centric Rewards Strategies: Total rewards programs will further expand to emphasize well-being, career growth, and flexibility, requiring more tailored and effective communication to resonate…
How Supporting Your Employees Can Build MVPs
Congrats to the Los Angeles Dodgers, who won the 2024 World Series by beating the Yankees in five games. There is at least one workplace takeaway from this year’s Fall Classic (I wrote about three workplace lessons back in 2019 when the team I root for – the Nationals – won the World Series). This…
Employers Continue to Absorb Rising Health Insurance Costs
KFF recently issued its 2024 Employer Health Survey and – to the surprise of nobody – found that annual premiums for employer-provided health insurance shot up yet again in the past year, rising 7%. What is interesting, however, is that the share paid by workers was little changed; in fact, according to KFF, the premiums…
4 Trends in HR that Highlight the Importance of Total Rewards Stories
Key takeaways: Employees increasingly expect comprehensive total rewards packages that go beyond basic salary, requiring employers to clearly communicate their total rewards stories to their teams. There’s a growing demand for customized rewards statements that reflect individual needs and benefits, helping employees understand how their benefits align with their personal and professional goals. Transparent total…
Giving Workers What They Want
As workers continue to be well-positioned in a strong economy with low unemployment, employers are strategizing about how best to recruit and retain a strong, stable workforce. Many employers will be tempted to use gimmicks that were first made popular years ago among trendy tech firms– think ping pong tables and free snacks. But in…
Total Compensation Statements Help Employers Recruit and Retain Top Talent
A recent article in Employee Benefit News notes that U.S. companies continue to be cautious when it comes to handing out raises and bonuses. But in today’s environment of historically low unemployment, employers still need to compete in order to recruit and retain top talent. One tactic they are embracing is improving their benefits offerings. Unfortunately for…
Are Your Employees Thankful for Benefits?
A recent article in Employee Benefit News examines an emerging trend of employers making changes to existing benefit offerings with the goal of increasing employee retention and boosting recruitment efforts. While the article focuses on examples of companies adding new benefits, it also mentions the following example of a situation in which a current benefit…
Study: Employers Pay Nearly 75 Percent of the Cost of Health Insurance
Chances are you didn’t see the above headline last week. However, it is one takeaway from the 2018 Employer Health Benefits Survey published by the Kaiser Family Foundation. Most articles about the survey focused on the finding that the average cost of employer-provided health insurance reached nearly $20,000 over the past year. Of course, there is…