How to Structure Your Incentive Programs for Maximum Effectiveness

Posted on November 20, 2019November 20, 2019 by CoAdvantage

Employers routinely establish incentive programs in order to motivate employees to improve production and generate better results. But not all incentive programs are equally effective. Moreover, it can be complicated formulating incentive programs. Options abound, including bonuses, commissions, profit sharing, prizes, trophies, travel, extra time off, merchandise, and more. Incentives can then be offered under a variety of circumstances, including individual productivity achievements,[…]

The Top 4 Benefits Most Desired by Employees

Posted on October 29, 2019October 29, 2019 by CoAdvantage

Fundamentally, employers offer employee benefits to attract employees to work for them. Particularly in today’s tight labor market, with unemployment falling under 4%, employers struggle to differentiate themselves and attract (and keep) the best and the brightest workers. One way to stand out is to offer a stellar benefits package. But what are the benefits[…]

How Different Benefits Quantifiably Affect Recruitment

Posted on October 8, 2019October 8, 2019 by CoAdvantage

Employers already know that employee benefits are key to remaining competitive in the talent marketplace. But did you realize that specific benefits can have quantifiable impacts on employee retention and recruiting? MetLife’s 15th Annual (2017) U.S. Employee Benefit Trends Study identified four benefits that can significantly increase an employee’s loyalty to their employer – or,[…]

Top 3 HR Issues Facing Newly Formed Businesses

Posted on September 25, 2019September 25, 2019 by CoAdvantage

Newly formed businesses and startups may be tempted to bypass Human Resources in favor of other business units, like marketing, sales, finance, etc. After all, if they’re newly formed, they probably don’t have many employees yet anyways, so why worry about HR at that point? Well, here are three HR issues that every new business[…]

Are Flexibility-Related Benefits the Key to Employee Satisfaction?

Posted on August 27, 2019August 27, 2019 by CoAdvantage

The usual suspects of employee benefits – like retirement plans and health insurance coverage – remain critical to attracting and retaining top talent in today’s labor marketplace. But a new class of benefits also seems to be growing more important to a growing segment of today’s workforce. We’re talking about benefits that give employees flexibility[…]

What PEOs Do Throughout the Employee Lifecycle

Posted on July 1, 2019August 19, 2020 by CoAdvantage

When business owners partner with a professional employer organization (PEO), they can focus on business building while trusting the PEO to handle certain HR and employee issues. To that end, a PEO’s service model can extend across the entire employee lifecycle – from before they even start until after they’ve left. Here’s how. 1: Recruitment[…]

How Parental Leave in the U.S. Compares Internationally

Posted on June 6, 2019 by CoAdvantage

According to Pew Research, the U.S. stands alone among developed nations in its parental leave policies. Compared to 41 of the world’s largest nations, only the U.S. mandates no paid parental leave at all. The next lowest nation – New Zealand – mandates 8 weeks of parental leave. Estonia, by contrast, requires over a year[…]

Why – and How – You Should Encourage Employees to Take Vacation During the Summer

Posted on June 4, 2019 by CoAdvantage

Time off does a worker good. Project: Time Off’s State of American Vacation 2018 report says that workers who took 11 or more vacation days were more likely to have received a raise or bonus in the past three years. This could mean that employees who are working themselves harder are not as productive or[…]

15 Ways Brokers and Benefits Consultants Help Employers

Posted on May 16, 2019May 17, 2019 by CoAdvantage

According to MetLife’s 15th Annual (2017) U.S. Employee Benefit Trends Study, brokers and benefit consultants play an unsung role in helping employers navigate employee benefits. That’s because employers tend to overestimate how clear and helpful their communications about benefits actually are. For example, while 74% of employers agree that “the company’s benefits communications effectively educate[…]

The Crazy, Quirky Perks Major Employers Offer Today

Posted on April 29, 2019May 3, 2019 by CoAdvantage

Most organizations offer employee benefits to remain competitive in the labor market: two-thirds of businesses cite difficulty in recruiting as a reason for increasing benefit offerings, according to the Society for Human Resource Management’s 2018 Employee Benefits Report. You’re probably already familiar with the usual suspects (retirement plans, health insurance coverage, etc.). Well, some employers[…]

Category: Benefits