Shweta Nayak’s Post

Traditional talent retention and employee wellbeing strategies are evolving to keep up with evolving workforce needs. Aon’s Amit Kumar Otwani, associate Talent partner in India, spoke with People Matters on a recent Aon study. “Achieving a strategic balance between appreciation, incentivization, reinforcement, and emotional connection is crucial.” #Aon #ProudToBeAon #BetterDecisions #Wellbeing

Traditional talent retention and employee wellbeing strategies are evolving to keep up with evolving workforce needs. Aon’s Amit Kumar Otwani, associate Talent partner in India, spoke with People Matters on a recent Aon study.  “Achieving a strategic balance between appreciation, incentivization, reinforcement, and emotional connection is crucial.”  Learn more: https://aon.io/4eJTEPO #BetterDecisions #Talent 

Massive Shift in Rewards and Recognition! Discover how companies are evolving their #employee benefits to attract and retain top #talent. From flexible work options to innovative 'pawternity' leave, learn how these changes are reshaping the workplace. This article by People Matters dives into the latest trends in #rewards and #recognition and their impact on employee satisfaction and retention. Don't miss out on these valuable #insights! Check out the full article. #EmployeeBenefits #TalentRetention #HRTrends #WorkplaceInnovation

Time to Have Your Say! 🗣️ Right now, HR leaders are shaping your benefits package, and your input can make all the difference. According to Lively, Inc., 42% of HR leaders are willing to change benefit providers based on employee feedback. As the most comprehensive caregiving benefit on the market, we witness firsthand the transformative impact of expert-led caregiving solutions on both employees' lives and employers' bottom line. Considering that 73% of U.S. employees are caregivers, it's clear that such a benefit is not just beneficial but essential. Moreover, providing a caregiving benefit such as Family First is more likely to be needed by your colleagues, enhancing benefits engagement and fostering greater workplace happiness and productivity as a result. Don’t miss the opportunity to influence your benefits package. Contact your HR department today and share your thoughts, suggestions, and needs. Your feedback truly matters. #CaregivingBenefit #EmployeeFeedback #HRLeadership

Must read for all #hr #benefits and #totalrewards. 3 Key Highlights: 1️⃣ 89% of HR Professionals said improving total rewards is a top priority (according to Mercer survey). 2️⃣ 80% of HR leaders attributed childcare benefits to enhanced productivity, and 78% see a correlation with talent retention and a significant positive impact reported on productivity (84%) and talent retention (81%). 3️⃣ Flexibility and benefits unique to one’s workforce - It means focusing less on simply benchmarking against competitors and more on asking the workforce what they value.

9 out of 10 HR professionals are prioritizing enhancements to their total rewards offerings. Into the next year, companies will embrace flexible benefits that are most meaningful for their unique employee population — a crucial approach we’re familiar with here at Forma. HR leaders recently recapped what total rewards and benefits teams are expected to invest in for 2024. Here are 3 programs they’re eager to provide and why: 💰💪 Caregiving: Child care and elder care costs will continue to rise, and companies need to give more financial support to enhance worker productivity. Financial wellness: Economic hardships can greatly impact a worker’s day-to-day. Companies can support by providing critical tools and services that improve a worker’s financial position. Well-being: Emotional and physical health remain as foci for individuals and companies, and expansion beyond traditional support is necessary. Are you considering what benefits are most valuable for your organization? Read the article — linked in the comments — for inspiration. #Forma #HRBrew #LifestyleSpendingAccounts #FinancialWellness

If 80% of employers are planning to enhance their employee benefits in the coming year, that's going to make it a lot harder for the other 20% to attract and retain top talent. Competitive benefits play a huge role in recruitment and retention! As organizations strive to build a more resilient and engaged workforce, offering competitive benefits has never been more crucial. Improved employee benefits go beyond mere perks—they are a strategic investment in the well-being and satisfaction of the workforce. Comprehensive health plans, mental health support, wellness programs, and more, are becoming standard expectations. Employers who proactively adapt to these expectations can not only attract high-caliber candidates but also foster loyalty and reduce turnover among existing employees. #EmployeeBenefits #Recruiting #SelfFundedBenefits

There aren't many #proactive #care and person-to-person #benefits programs out there, yet 73% of employees and 81% of managers said they are more likely to stay with an employer that offers “high-quality” #mentalhealth resources [according to a report by Modern Health and Forrester Consulting.] Read more below about what #hr leaders are paying attention to, and you'll connect the dots as to why #MarketplaceChaplains Care Teams are so pivotal to better benefits and better employees!

🚀 Employees are speaking out loud and clear: Benefits matter, sometimes even more than pay! A staggering 53% are ready to choose a more robust benefits package over higher salaries, according to the 2023–2024 Aflac WorkForces Report. From family planning to mental health, today's workforce seeks comprehensive support. The future of work isn't just in the paychecks, but in how benefits align with life's journey. #EmployeeBenefits #WorkplaceWellness #FinancialWellness #RetentionStrategy

Interesting (and concerning) statistics released by MetLife today in its 22nd Annual US Employee Benefit Trends Study, describing post-pandemic American workers as living through a "permacrisis". The study specifically found that "employees are now more likely to experience negative feelings at work, including stress (12% more likely) and burnout (17% more likely) than they were pre-pandemic (2019). Employees are also 51% more likely to feel depressed at work than they were pre-pandemic as they face a complex macro environment and permacrisis state." What solutions do the HR professionals in my network think are available for these serious HR-related issues?