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 do employees quit? Employee turnover is costly for employers, so jobs site Glassdoor studied 5,000 job transitions to figure out what makes an employee more likely to head for the door. The study found that employers with high overall company ratings and high ratings for workplace culture and values have better employee retention rates.
According to the study, employees were less likely to quit if they’d received a raise, but were more likely to quit if they’d been stuck with the same job title for too long and were unable to advance within the company.
What can your company do to keep top talent from looking for other opportunities? Read the rest of Glassdoor’s findings.
How does your company handle mental health in the workplace? A recent study by the International Foundation of Employee Benefit Plans found that about a quarter of employers are unsure if their employees are impacted by substance abuse or mental health issues. Learn what you can do to help struggling workers.
Do you have a “work spouse?” Having a platonic “work wife” or “work husband” in the office to confide in and offer moral support can help boost job satisfaction. Here’s why 70 percent of office workers have a work spouse.
Why are employees struggling to pay their bills and save for the future? Almost half of Americans say they don’t have any money to save after taking care of their expenses. Here’s how employers can help.
Recent surveys found that employees are engaged with their work about 30 to 35 percent of the time. That means that your employees are disengaged for up to 70 percent of their day. Here’s how to wake up your office culture and increase engagement.
Which workplace stressors are impacting your employees? According to a new CareerCast survey, deadline pressure is the biggest cause of workplace stress. See the other 10 top stressors.
Many non-profit organizations struggle to compete with for-profit companies when recruiting new employees. While they can’t often compete on salary offerings, they can leverage Millennials’ desire to see their work having a positive social impact.
Small steps on the company level can keep your employees healthy. From offering flexible hours so employees can fit in a trip to the gym to having walking meetings, these low-cost benefits can have big health payoffs.
Gone are the days when employees had to work 40 hours per week to be included in company benefits plans. A growing number of employers are offering full benefits to part-timers to encourage loyalty and reduce job-hopping.
As more of the Baby Boomer generation hits retirement age, retirement programs worldwide are struggling to keep up. According to the Bloomberg Sunset Index, there’s now a smaller ratio of younger workers supporting the world’s retirees. Here’s how pension funds and other programs are coping.
Have something to add? Email info@bestmoneymoves.com.
It’s hard to stay on top of everything in the news. That’s why each week our Best Money Moves newsroom will bring you the most important news in financial wellness, employee benefits and financial stress. We hope you like the information and, if you do, please spread the word. For midweek developments, follow us on Twitter and on Facebook.