In this week’s Best Money Moves roundup, we take a look at news stories and new research studies that may impact employee benefits and HR issues. We hope you find this news roundup helpful, and we’d love your feedback.
Looking to attract young talent? You’d better review your employee benefits package.
A recent survey by the Anthem Life Insurance Company found that one in three millennial workers has turned down a job because it offered less-than-stellar health insurance. Across all age groups, 27 percent of U.S. workers have turned down job offers because of the company’s poor or nonexistent insurance benefits.
Despite generational stereotypes, not all millennials are looking for a foosball table, office keg or lunchtime volleyball league. The employee benefits they want are much more practical.
In addition to healthcare and dental insurance, many older millennials say they want disability insurance.
Are your company’s employee benefits up to snuff?
More than half of Americans don’t count saving for retirement among their long-term financial goals. Unsurprisingly, one-third are also worried they won’t have enough saved to retire when they want to. Why aren’t your employees saving?
Your employees want financial stability. When asked whether they’d prefer economic mobility or financial stability, 92 percent of workers say they want stability. Employers can help them get there.
Does your company have a policy for grieving employees? Does the office send flowers? How long is the standard bereavement leave? Here’s how some HR pros handle these delicate situations.
Loan defaults make already-difficult financial situations worse and hurt employees’ retirement preparedness. Can employers help protect workers’ retirement savings?
Your employees are more likely to leave than you think. A study by staffing company Robert Half found that 42 percent of workers say they’re somewhat or very likely to look for a new job in the next 12 months.
Setting aside money for the future can be hard – really hard. It turns out that our brains are hardwired against savings behaviors. Behavioral economists offer five tips you can pass on to help your employees save more.
Too many workers don’t take advantage of their employee benefits packages, and they could be missing out on thousands of dollars. Make sure your employees use these seven benefits.
Young employees save more than past generations, but many aren’t saving for retirement. Instead, they’re focusing on “financial freedom.” What does that mean for their golden years?
Have something to add? Email [email protected].
