HR/Benefits (134)

5 Ways HR Can Make Diversity And Equality Central To Succession Planning

Women are making progress in corporate leadership. A record 41 female CEOs are scheduled to run Fortune 500 companies in 2021. Along with this positive news about diversity and equality in the workplace, business observers think another good example was set by a male CEO deciding to step down in 2021. Zalando’s Rubin Ritter said he is leaving his position so he can put his wife’s career first.


3 Tips For Leaders To Steady The Ship When Employees Lose Their Balance

Company leaders and managers have a big responsibility in overseeing employees. But they can’t see everything, and sometimes there’s more going on in a worker’s life than meets the eye. Employee disengagement or burnout isn’t always apparent, and some employers may be in for a surprise if and when the COVID-19 pandemic winds down. One study shows that 57% of U.S. employees say they are burnt out, with many likely to leave their job after the pandemic is over. And a Gallup survey reveals that the percentage of engaged employees – those enthusiastic about their workplace – is under 40%.


Hiring New Employees Needs Updated Strategies

No one will disagree that 2020 was perhaps the most challenging year for many businesses than any other we have witnessed in our lifetime. Organizations were forced to navigate the rapidly changing environment in their service provision. As organizations adapt to new realities in their workplaces, technology will become vital in addressing most of the issues. Here is a look at some trends in human resources that will shape 2021 and beyond.


Why Small Businesses Need to Offer a Managed Fertility Benefit

Family-building benefits are increasingly in demand by employees and catching on as a necessary benefit among small businesses nationwide. In fact, there has been a 350% increase among employers offering family-building benefits since 2018.  Much of the demand has to do with employees choosing to start families later in life, therefore increasing the need for Assisted Reproductive Technologies (ART). 


How Many Benefits Are You Providing?

As a small business owner, employee benefits are a critical component that you must take into account. The coronavirus pandemic has subjected employees to untold suffering, and acute financial stress never witnessed before. The financial issues originated from losses made by organizations. This has plunged many employees into poverty as more than 60 percent of employees were stressed about money while around 40 percent lacked adequate savings to cover their over $400 expense. As the pandemic bites, what you need to ask yourself as a small business owner is, how many benefits am I providing to my employees? For employees, financial benefits are important because it relieves them of pain such as the one we are now experiencing. However, even without the pandemic, one must ensure employees get employment benefits in different forms. Here are some financial benefit ideas that can help your employees:


Consider These 5 Strategies to Find Your Next Employees

Employee recruitment is one of the most effective ways of growing a small business. Getting the right group of employees enables you to serve your customers better and more, and even expand your production and reach. Although hiring can be a game-changer, it can also be challenging and can be a disaster to your organization if not correctly done. This is the case, especially for small business owners who have no experience identifying, interviewing, and selecting the best group of employees for the job. Apart from these, finding the right employees also need time and money, neither of which most small businesses have. While this can be the case, there are various strategies that you can employ to ensure you get the recruitment process right. Here are five strategies that you should consider when finding your next employees:


Is Your 401(k) Plan Adviser Costing Employees Retirement Money?

With millions of American workers invested in 401(k) plans, they want to know that their retirement savings are in good hands. But recent legal action against some large companies indicates that’s not always the case. LinkedIn is the subject of a class-action lawsuit for alleged mismanagement of a 401(k) plan that totals $818 million. Participants in the Costco 401(k) are suing their company for alleged mismanagement of its $15.5 billion defined contribution plan. 


Find and Retain New Employees Even During a Pandemic

Happy and satisfied employees are crucial for the success of an organization. Although companies must find ways of retaining employees during their good times, employee retention means a lot during a time of crisis like the COVID-19 pandemic. With the pandemic that has led to various social distancing measures and slow down or closure of many businesses, maintaining and engaging staff offers a sense of stability and a feeling of trust by the organization. Here are some strategies that you should consider to find and retain new employees even during a pandemic:


Are Your Employees Zoning Out In Zoom Meetings?

The coronavirus changed the world into a planet of remote workers, but several months into the pandemic some companies and individuals are still grappling with the challenges of working apart. Employees have more distractions at home and some can find it harder to focus. Questions persist, such as: Can video conferencing be as effective as in-person communicating? Will workplace culture – and production – suffer from a lack of traditional human interaction?


Is it time to restructure your incentive program?

Within the last decade the shift from “living to work” to “working to live” has forced human resource departments to restructure their incentive programs to benefit their employees’ lifestyles. Companies encounter high turnover rates and fatigue when their benefits do not match their employees’ needs.


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