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.
Why should you shift your HR tech to the cloud? Because it could make your life easier.
Cloud-based platforms offer HR (and often employees) much more flexibility, so it’s no wonder that 40 percent of the 300 companies recently surveyed by PricewaterhouseCoopers have already switched. But for the 60 percent that haven’t quite taken the plunge, PwC consultants had some advice.
For starters, the firm said in its report, companies need to consider whether cloud providers can meet their individual needs. Software functionality is important, but at the end of the day individual organizations must allow their unique practices and policies to take center stage when choosing a vendor. Security is also a concern for HR departments, which handle sensitive employee data like addresses, dates of birth and Social Security numbers. What else does PwC recommend? Take a look at this slideshow.
Why are your millennial employees so stressed? Only 20 percent of them are satisfied with their financial health, according to financial services technology company Fiserv’s Expectations and Experiences Survey. Read more from Fiserv’s senior vice president of marketing and strategy innovation.
The right employee benefits will make your people want to stick around. In fact, according to Glassdoor, four out of five people would prefer having great benefits to getting a pay raise. See why employees prefer perks to cash incentives.
Your employees are not saving enough for retirement. Could a financial wellness program help them dial back their stress and create the future they want? Only if the program helps address the pain points of each individual. Learn how to get started.
What’s the best way to attract and keep millennial employees? One survey found that 85 percent of millennials, both in the workforce and in school, are more willing to work and stay with a company that has a student loan assistance program in place. See the data here.
Physical fitness and good nutrition aren’t the only things keeping your employees healthy. In a PwC survey of working Americans, 45 percent said dealing with their finances is stressful. Here are four reasons people need financial wellness in the workplace.
Sometimes it’s hard to tell which HR trends are meaningful. While some advancements can dramatically improve workplace processes, others can seem like unnecessary disruptions. How can you tell which trends will stand the test of time? Here’s what the pros say.
Your employees are thinking about their money at work. According to the American Psychological Association, 46 percent of people admit to spending two to three working hours per week on personal financial matters. See what you can do to help your workers focus.
Employees want more than a competitive salary. Understanding which benefits to offer your team could mean the difference between keeping them for the long haul and losing them to a competitor. Content marketing agency Fractl’s recent employee benefits survey asked participants to rank 17 perks from most to least important. Check out the top four.
Many Baby Boomers are struggling with rising healthcare costs. That means more older employees are working well into what could have been their retirement years. What does that mean for employers? It’s time to be proactive.
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