Technology improvements have completely altered the way that our workforce operates, blending work and life, by making our work accessible from anywhere, any time. With this change sometimes comes increased expectations from employers, who hope to see their employees responsible for work matters 24/7. Risk of Burnout Rising expectations are often partnered with mounting [...]
Generation X Generation who? Haven’t you heard? Baby boomers are retiring in droves, Millennials are swarming the workforce and Gen Z is close behind! In the rush of managing different generations, you may overlook X. You can find plenty of articles and advice about how to recruit and retain other generations. But what about [...]
There’s a reason for all that non-stop media coverage of the talent shortage issue and a candidate-driven market. Job opportunities abound as the unemployment rate reaches levels not seen for almost two decades. Because of this, employees feel confident seeking other opportunities, thus creating a serious turnover issue. Examining the reasons behind the issue [...]
In previous blog posts such as this and this, we’ve focused on the changing workplace environment, as well as the newfound challenges of hiring top talent, and how these factors are influencing decisions employers make about benefit offerings. This shift gives way to new opportunities for employers to get creative to attract and retain [...]
For decades, businesses have cut costs by reducing their health benefit plans, but the expansive job market in our growing economy is now threatening this flexibility. With bargaining power now in the hands of employees, our nation’s businesses are facing escalating turnover rates. The combination of these factors creates a conundrum for business owners [...]
Almost 60% of companies saw retention as a top priority last year. Why? Because the turnover epidemic is real. With the unemployment rate at a 19-year low, job opportunities are up considerably, which means more places for employees to turn if they aren’t happy with their current company. This is leading to huge turnover [...]
Once, employers could take an ‘everyone is replaceable’ approach to turnover, hiring and its costs. With unemployment at lows not seen in two decades,1 that no longer works. Employers face fierce competition for talent, and the costs associated with turnover can seriously affect the company bottom line. An uphill climb in a competitive talent [...]
Whether we like to admit it or not, the employee benefits landscape is changing, fast. The unemployment rate fell to 3.7% in September, the lowest level since December 1969.1 Add this to the ever-shrinking talent pool, and you get employees feeling confident enough to find opportunities elsewhere. These shifting conditions can feel shaky at [...]
Here at ArmadaCare, we understand the savvy health benefits broker is constantly looking for ways to interact with prospective clients as efficiently and effectively as possible. Understanding their most asked questions can help you be best prepared in that endeavor. With that in mind, what prospective client questions do you need to look out [...]
So you’ve found yourself stuck in that same dreaded loop many businesses are in today: The HR Conundrum! (dramatic music plays) Like many, you’ve probably figured out that finding a solution to such a problem isn’t so easy as realizing it exists. After all, the national unemployment rate fell to 3.7 percent, its lowest level since 1969, and [...]
