Technology is present in almost every facet of life. From smartphones to smart homes, data and tech inform day-to-day decision making. So how will technology change the landscape of the employee benefits industry? The Developing Relationship Between Benefits and Tech If you can grocery shop through your fridge and deposit a check from the [...]
In the last few weeks, we’ve looked at the ins and outs of the many different benefit preferences and priorities of the varying generations in the workforce today (see our Generations Series articles). But it’s not always about the differences. It can be just as important to look at what they have in common. [...]
Who Are the Millennials? Loosely defined as individuals from age 23 to 38 as of 2019, Millennials are fundamentally different than older generations in terms of big life decisions made in young adulthood. Despite being of age and maturity to own homes and start families, many still choose to live at home with their [...]
Who is the Boomer generation? The oldest and wisest generation in our workforce, Baby Boomers are classified as adults born between 1946 and 1964.[1] Many Boomers are now surpassing the threshold into retirement age. Even so, a significant portion of the Boomer generation has elected to remain in the workforce much longer than generations [...]
Who is Gen Z? Proceeding the Millennial generation, Gen Z is roughly comprised of those born after 1996 and before 2013 and is the youngest group entering the workforce. This tech-savvy generation has been raised with the presence of the iPhone and Wi-Fi, social media and on-demand entertainment, making them accustomed to a fast-paced [...]
As millennials are poised to usurp boomers as the workforce’s largest generation, benefits and perks provided by hiring organizations are becoming what can make or break offer acceptance. In this article, we’ll delve into what employees are looking for nowadays, as monetary compensation takes more of a backseat to benefits and work-life balance. What [...]
As control of the job market has shifted from employer to employee, employers and hiring managers are discovering having a creative hiring strategy is critical. Since we’re half-way through 2019, it’s a good time to review the trends and challenges that’s resulted from today’s employee-driven market. Rising Competition An employee-centric market means that employers [...]
As Baby Boomers near retirement, businesses are grappling with the unavoidable challenge of replacing their top management and executives. Hiring for executive-level positions is time-consuming and expensive, especially when making an out-of-organization hire. Making a poor hiring decision when it comes to management can also be detrimental to an organization’s functionality, not to mention [...]
In a thriving economy, many businesses are better able to afford pay raises for employees. In turn, rising wages should allow our population to spend more, creating a ripple effect and further boosting the economy. Growing Out-of-Pocket Medical Expenses For some, however, these new earnings will go directly toward health care expenses. Why? Because even [...]
Even in today’s booming economy and thriving job market, many employees still experience stressors that can impact productivity at work. And while this stress may not originate from the workplace itself, stress experienced within an employee’s personal life can directly impact their performance, focus, and sense of self-worth at work. According to a recent [...]
