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How is the cost-of-living crisis affecting what employees want from their benefits packages?

Employee Benefits

He explains: “Our research [published in October 2022] shows that 81% of employees say they’re going to reduce spending on routine healthcare, such as dentists and opticians. Mitie focuses on front-line reward as cost-of-living crisis mounts The post How is the cost-of-living crisis affecting what employees want from their benefits packages?

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Employee wellness benefits are shifting focus to reflect modern times

Business Management Daily

When current and future employees examine a company’s benefits package, they typically expect to see employer-sponsored health insurance among the offerings. Comprehensive, affordable options encourage employee retention. Free healthy food/stocked kitchens (54%). Biometric screenings (53%).

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Beyond health insurance: Innovative employee benefits that attract and retain talent

Higginbotham

Competitive advantage can also come from creativity in putting together a benefits package. Basic Benefit Packages are No Longer Competitive Not long ago, a more competitive benefits package might have included health insurance and a 401(k) plan , plus dental and vision insurance.

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Personalized Benefits Are The Key to Successful Employee Engagement

Benefit Resource Inc.

Personalizing the employee benefits plan can help employers create a more engaged and satisfied workforce. The benefits program should offer financial benefits like healthcare and retirement plans and other perks related to employee well-being, professional development, and work-life balance.

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Employee Benefits 2021: Employer Student Loan Repayment Assistance Programs

Best Money Moves

Student loan benefits emerged to help employees with their share of the $1.6 They’ve been hailed as an important employee wellness initiative and as a way to attract and retain talent. Their top reasons for missing a payment included: Paying for food or groceries instead (37 percent). trillion in student debt.

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How to Design an Employee Benefits Program Effectively

Empuls

In a competitive job market, prospective employees often consider the benefits package as a major factor in their decision to accept a job offer or not. Offering comprehensive employee benefits can improve employee morale and job satisfaction, leading to higher productivity and lower turnover rates.

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Employee Retention 101: Everything You Need to Know to Keep Your Best People

Empuls

The company aimed to create positive change through its core business, focusing on healthier food options, environmental sustainability, and empowering people.        Employee autonomy and influence : Nooyi empowered employees to solve problems creatively and make decisions.