Forbes Human Resources Council’s Post

Five steps to reviewing legacy benefits to drive engagement 🪙🤔 With only 23%* of employees saying their employee benefits package met all their requirements, employers have a long way to go. *Isio's June 2023 survey in conjunction with YouGov of 7,674 UK private sector employees. Responses for don’t know or prefer not to say answers have been removed, unless explicitly shown. Dusting off legacy benefits for review should remind you that they may no longer stand up to scrutiny in a modern world. Preference for the status quo, over-reliance on benchmarking and not listening to employees, has created a gap between what employers are offering in employment packages and what employees want. In fact, Isio’s recent research shows that... Continue reading... https://lnkd.in/e-fRTTiK #finance #engagement #advice #careers #jobs #recruitment #businessnews #businessintelligence

💡 In today’s tight labor market, investing in diverse and well-communicated employee benefits is more crucial than ever. Discover how strategic rewards can boost engagement and attract top talent, and why understanding both cost and value is key! 🔍✨ https://lnkd.in/e8nj9SrQ #employeeengagement #talentacquisition #workplacebenefits 

With competitive benefits packages serving as means to attract and retain more top talent for longer, creative employee benefits are now a rising opportunity for HR to become first movers. So, how do you do it? Read here: https://hubs.li/Q02V4JZf0 #EmployeeBenefits #CreativeBenefits #LifestyleBenefits #HRStrategy

One-third (33%) of employers do not believe their organisation offers competitive benefits to their employees, according to research from Benify. While not offering comprehensive benefits might save on costs in the short term, it could hinder your business growth in the long run. Taking a proactive approach to employee benefits fosters a positive work culture, boosts productivity, and creates an environment where individuals can thrive both personally and professionally. With the right benefits package, you not only attract top talent but also retain the valuable employees you already have. Read more of the report findings in Employee Benefits here: https://lnkd.in/em62UhXF  #EmployeeBenefits #WorkCulture #BusinessGrowth #TalentRetention

After attending #SHRM last week, and having numerous discussions about the role of employee pay flexibility in company benefit programs, we think this post from earlier this year is relevant. Read how you can integrate earned wage access into your organization's total rewards programs: Integrating EWA into Total Rewards | Instant Financial https://bit.ly/4brpG0a

💡 In today’s tight labor market, investing in diverse and well-communicated employee benefits is more crucial than ever. Discover how strategic rewards can boost engagement and attract top talent, and why understanding both cost and value is key! 🔍✨ https://lnkd.in/eUTcManx #employeeengagement #talentacquisition #workplacebenefits 

43% of employers to increase investment in employee benefits Katharine Moxham, as spokesperson for Industry body, Group Risk Development (GRiD) , has released new research revealing that two-fifths of employers’ plan to increase investment in employee benefits over the next 12 months. It also highlights the value employers can get by working with an established employee benefits provider. Our very own Clare Lusted from Unum UK comments further by encouraging employers to prioritise employee engagement and meaningful communication strategies to help drive higher utilisation across all sections of the workforce to help secure the full reward of their investment. #UnumUK #GroupRisk #EmployeeBenefits

#HR #IRL Some questions to consider: ▪︎Do all employees understand the significance of a profit-sharing benefit? Especially early career employees. ▪︎ Does the motivation increase after payout or does the possibility of payout in the future increase motivation? ▪︎Are there problems with feelings of inequity among employees who believe their input is more than other employees? ▪︎Is an annual payment frequent enough to increase motivation? Would semi-annyal or quarterly payments be better? #humanresources #management

You can provide employee benefits that build workforce resilience by focusing on what your employees need and value https://lnkd.in/ef474_kY #EmployeeBenefits #EmployeeWellbeing #WTWPerspective

Companies continue to face the challenge of managing labour costs while attracting and retaining key talent and salary budget increases remaining high innovative total rewards strategies are essential. Discover how leading organisations are optimising their total rewards by reevaluating programs, leveraging employee insights, and prioritising wellbeing: https://ow.ly/vZN150RSn2M #EmployeeExperience #TotalRewards #WTWPerspective