Compensation & Benefits

Standard cookie-cutter style benefits and perks aren’t good enough for employees anymore. To attract and retain the best talent and to stand out from competitors, employers need to start offering customised benefits to employees based on their unique needs. MetLife’s recent US Employee Benefits Trends survey revealed that more than 70% of employees think customised […]

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With the dramatic rise of the gig economy and freelance work made possible by technology, employer-based health insurance will increasingly not meet the demands of today’s workforce, says US Senator Mark Warner. Employers must come together to build a safety net for contingent workers so that they still have access to quality healthcare and retirement […]

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As per researchers at SHRM, HR managers must prepare for four key benefits trends that are poised to take off in a big way: Increased transparency: Employers will make more user-friendly tools available to employees to help compare costs and make informed decisions on healthcare options. Rise in telemedicine: Many employers will offer telemedicine services […]

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As per research conducted by Blackhawk Engagement Solutions, employee recognition programmes are not always in tune with what millennial employees say makes them happy. Key components of millennial happiness in the workplace, as per the study, include: Work-life balance: 65% of millennials reported that their job is crucial for their overall happiness levels but they […]

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A recent survey by Arrow Benefits Group found that nearly 80% of millennials would rather work for a company known for its extraordinary culture even if it offers less by way of salaries. Andrew McNeil, principal at Arrow Benefits Group, contends that millennials need to feel connected with their employer and identify with their company’s […]

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According to a Glassdoor study, 57% of people reported that benefits are among the primary factors they consider before saying yes to a job offer and 80% of people would prefer attractive benefits to a raise. The top five ranked benefits include: paid healthcare (40%), paid vacation time (37%), performance bonuses (35%), paid sick days […]

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As per SourceMedia Research, employers are significantly increasing their investments in benefits technologies, with the biggest spending being done in the areas of benefits administration, enrolment, benefits portals, data analytics, and employee communication. Here are some key trends in benefits technology that HR managers need to pay attention to in the years to come: Companies […]

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