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Improve Employee Retention in 2022: Utilize Financial Wellness Benefits

Best Money Moves

Improve employee retention in 2022: Utilize financial wellness benefits. As a result, employers in 2022 are dealing with low retention and high turnover, leading to a loss of top talent, increased operating costs and an overall unstable work environment. . A 2020 Prudential report found that 6 in 10 U.S.

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Utilizing Eligible Items for Back-to-School Shopping

Benefit Resource Inc.

An FSA is a pre-tax benefit account offered by many employers as part of their benefits package. Prioritize Health: Utilize FSA funds responsibly to maximize their benefit. The post Utilizing Eligible Items for Back-to-School Shopping appeared first on BRI | Benefit Resource. What is an FSA?

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UK employers could spend up to £15bn on benefits staff do not want

Employee Benefits

UK employers could be spending up to £15 billion a year on employee benefits that do not resonate with their staff, according to research by Isio and YouGov. However, those who thought their benefits package met none or very few of their requirements were 60% more likely to quit.

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3 major benefits challenges for HR and how to solve them

WEX Inc.

From the rising costs of healthcare and benefits packages to retaining and recruiting to helping employees understand their benefits to the ever-changing regulatory landscape, HR teams face many challenges that present obstacles to organizational success. Employer contributions to HSAs can also serve as powerful incentives.

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Employers Expect Higher Premiums, Little to No Cost-Shifting

InterWest Insurance Services

Employers who were surveyed for a new report expected that group health insurance premiums would increase 5.4% ” At the same time the labor market is still very tight, requiring businesses to continue offering attractive pay and benefit packages. .” copay plan). copay plan).

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Employee Benefits 2021: Employer Student Loan Repayment Assistance Programs

Best Money Moves

Employee benefits 2021: student loan repayment assistance programs. The different kinds of employer student loan repayment programs and why more employers plan to add them. Student loan benefits emerged to help employees with their share of the $1.6 Electric, water, or other utility payment (27 percent).

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3 Ways to Recession-Proof Your Benefits Program

Best Money Moves

With a potential recession on the horizon, employers must focus on the financial wellbeing of their employees. If companies hope to address the ever-changing needs of their employees they must create a benefits package that’s fit for economic hard-times. Here are 3 strategies to recession-proof your benefits program.