Work / Life Issues

Your employees are financially stressed—here’s how to help

09/13/2024

For the second year in a row, PNC Bank has published the results of its survey on financial wellness in the workplace. The report concludes that three in five workers report living paycheck to paycheck, a sign of financial distress, some of which is related to student loan debt, particularly for younger workers. Can employers help?

Golden handcuffs: Right or wrong answer to your retention issues?

09/04/2024

As an HR professional, you’re always looking for ways to attract and retain top talent. One strategy that’s been around for years is the use of “golden handcuffs,” or attractive financial incentives designed to keep valuable employees from leaving. But are these shiny restraints still an effective tool in today’s evolving workplace? Here are some pros and cons to help you make informed decisions for your organization.

Flexibility remains at the top of the employee wants list

09/04/2024

What do applicants want in an employer? According to a recent study, the answer is increasing flexibility. They want core hours with the ability to perform work anytime outside those hours, and the ability to work either on a hybrid schedule, from home or at a designated office during core hours only.

Consider benefits for nursing mothers

08/22/2024

Medela, a leading provider of breast milk pumping equipment, and Mamava, the creator of nursing pods, teamed up to survey new mothers about their nursing needs as they return to the workplace. The results highlight why offering more than the minimum legally required breaks for milk expression may be a welcome benefit, encouraging retention and a reputation for being an employer of choice for new parents.

3 educational benefit offerings to consider

07/17/2024

This year marks the first full one in a long time that many of your employees are budgeting for student loan repayments. It’s stressing them out and preventing them from pursuing further education, which hurts you as an employer.

Beyond perks: What Gen Z really wants from employers

07/03/2024

In an era of AI and remote work, Gen Z is shocking employers by pushing for human connection in the workplace. The recent 2024 Career Interest Survey of over 10,000 Gen Z students across all 50 states provides valuable insights for HR professionals looking to attract and retain the next generation of workers.

Do your benefits line up with what employees want?

06/05/2024

The 2024 Workplace Benefits Report from Bank of America offers valuable insights into employees’ evolving needs and expectations. As an HR professional, understanding these trends can help you craft a competitive benefits package that attracts and retains top talent.

IRS welcomes a new de minimis fringe benefit: Work/life referral services

04/18/2024

Work/life balance means different things to different employees, but all employees say they want it and many employers are already providing some version of it. Rather than let you wander around in a payroll tax netherworld, the IRS has issued a fact sheet that covers the work/life referral services you may offer to employees as a tax-free de minimis fringe benefit.

Help employees build rainy-day funds by offering Pension-Linked Emergency Savings Accounts

04/15/2024

The precarious financial situation in which many workers find themselves is often reflected in high levels of stress, poor sleep and general worry—all factors that can negatively affect productivity and job performance at work. Fortunately, there’s a potential solution that employers can make part of their benefits package.

It’s America Saves Week!

04/11/2024

Let’s explore some of the financial wellness benefits employees say they want now. HR and Payroll should work together to offer the right mix of benefits to recruit and retain talented employees, with the correct tax outcome.