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.
Forget ping pong tables and nap pods. Millennial workers want health insurance.
Millennial turnover is a challenge for many businesses. They’re the generation most likely to change jobs, Gallup found, with a whopping 60 percent of millennial workers open to new job opportunities. But luckily, your company doesn’t need to invest in an on-site kombucha bar to attract young talent.
As it turns out, the number one benefit millennials want is health insurance. Data shows that half of millennials have been hit with unexpected medical bills. This relatively traditional offering could be what sets your company apart.
Already offer health insurance? Here are four other employee benefits millennials want.
Credit cards have changed the way we pay for everything, but 50 percent of Americans can’t understand their credit card agreements and many of them are drowning in debt. Here’s how you can help.
Open enrollment is still a few months away, but that doesn’t mean workers can’t start preparing to get the most out of their benefits. Learn where to focus.
Focusing on financial wellness boosts retention. The vast majority of financial executives (82 percent!) believe their company would benefit from having a financially secure workforce. What are you waiting for?
Unlimited vacation doesn’t work for everyone. Global aviation strategy company SimpliFlying implemented a mandatory vacation policy instead that increased creativity, happiness and productivity.
Your employees need a financial plan. In fact, according to a Schwab Center for Financial Research survey, 54 percent of people with a written financial plan increased their 401(k) contributions in the past year. Help them get started.
The key to workplace wellness is empathy. That means offering benefits that recognize the different backgrounds and needs of your employees. Family health and financial wellness are good places to begin.
U.S. employee engagement programs are falling short. According to Gallup, only 33 percent of U.S. employees are engaged at work and there are two reasons why.
Is your office going to the dogs? With more than one-third of Americans owning pets, it’s not surprising that some companies are using pet-friendly benefits to attract employees. Here are some pros and cons.
Graduates have more student loan debt that ever before. While only 4 percent of employers currently offer student loan repayment assistance, these benefits could help attract and retain talent. Are they right for your employees?
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