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 [...]
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 [...]
We’ve written a lot on the changing landscape of our job marketplace, but we’d like to dive deeper into one unique facet of this shifting environment: the increasing presence of and interest in freelance work. The “gig economy” is comprised of opportunities involving a fixed-term contract or pay-per-project situation that allow workers to more [...]
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 [...]
We are very excited to announce that ArmadaCare has once again received a “best-in-class” Net Promoter Score (NPS). This is the fourth year in a row of a rising NPS score. With our latest NPS score of 75, we’ve surpassed other leading companies in customer satisfaction, like Amazon (+69), Jet Blue (+74) and USAA [...]
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 [...]
