CoAdvantage-In our article, “5 Best Practices for Communicating About Employer Benefits,” we discussed how principles like simplicity and knowing your audience can improve communications around benefit packages. We also mentioned paying attention to what the audience (your workforce) wants out of their benefits. Today, we’re going to dive into one thing employees definitely want: more[…]
CoAdvantage- Employers are making major changes to their benefits programs and administration, according to a recent survery by MetLife. The pandemic has undoubtedly triggered or contributed to many of these changes, which are answering an increasing desire among employees for more support from their employers during times of duress. Here are the three biggest changes employers[…]
CoAdvantage- The pandemic has hit workers hard, and it’s led to wide-ranging impacts that touch on unexpected areas. For example, workers seem to be valuing their benefits programs more than ever. According to MetLife’s 19th Annual U.S. Employee Benefit Trends Study (2021), nearly two-thirds (62%) of employees say that benefits are more important to them[…]
CoAdvantage- When we talk about the benefits of HR outsourcing, we normally address the advantages for the employer: reduced HR-related costs, freed up time to focus on core business goals and revenue generation, better benefit offerings, and more. Even the benefits for employees often circle around to benefits for the employer, like reduced turnover and[…]
CoAdvantage- When it comes to communicating about benefits, employers aren’t always the best. A survey from Health Advocacy, a health advocacy and concierge company, found that nearly half (41%) of employees report that benefits communication is too infrequent. Furthermore, the survey revealed a discrepancy between HR managers and employees in perceptions about the frequency of[…]
CoAdvantage- Is COVID-19 going to permanently reshape the workplace? If so, how? We’ve already addressed the long-term outlook for remote work, but it’s worth reiterating that work from home options are likely going to be a major part of the employment landscape moving forward. According to a survey from The Hackett Group, virtual work has[…]
CoAdvantage- Telehealth, or the delivery of health services via remote technology, has seen as much of a increase over the past year as remote working from home has. Virtual appointments were already on the rise before the pandemic. A 2019 study found that telehealth services grew by 53%, an already impressive number, between 2016 and[…]
CoAdvantage- More and more companies are offering unlimited time off as an employee benefit. In fact, in some sectors, unlimited time off has turned from a genuine differentiator into a necessity just to keep up with competitors in attracting and retaining new talent. Beyond its strengths as a recruitment boon, unlimited time off also offers[…]
CoAdvantage- As early as last summer, COVID-19 had already begun prompting employers to re-evaluate their benefit offerings. Should you do the same? According to one report, as many as one in five employers have been dropping coverage or considering doing so. Twice that number (40%) have taken the opposite route, saying they view benefits as[…]
CoAdvantage- From the employer’s perspective, a benefits package has a job to do: if you spend the time, energy, and money to put together a competitive benefits package, it should benefit not just your workers but also the organization itself. It should enable your company to more successfully entice new employees, promote loyalty and retention[…]
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