Every year, P&I Excellence and Innovation Awards recognize employers for well-executed, creative projects that ensure participants have adequate retirement income. This year, it went to our client Synopsys.
Student debt is a hot topic among benefits leaders for many reasons. It’s a huge source of stress for employees of all ages as multiple generations use loans to help themselves, or family members, pay for college. Plus, a whopping 70% of college students rely on loans—nearly $40,000 on average—to pay for school.1
With each job change, employees face complex questions about what to do with their retirement savings from their previous employer(s). Almost half (45%) of them make decisions counter to their best interests. Employers can help turn this around—and it’s in their best interests to do so.
Communicating about employee benefits amid the legislative swirl in Washington may have its challenges, but the hype surrounding efforts to repeal or replace the Affordable Care Act also presents an ideal opportunity for your voluntary benefits to gain some real traction.
With an improving labor market and increasingly diverse workforce, organizations are pulling out all the stops, looking for ways to attract, retain, and engage their employees. And they’ve realized that engagement starts—and ends— with employee benefits. We’ve outlined why benefits are an important part of the employee engagement equation, and some of the ways your benefits program can help improve engagement at your company.
Don’t annoy employees with the typical cheesy stock photos, generic statements about healthy living or the-sky-is-falling reminders about soaring health care costs. Instead, educate employees and their families about the practical ways your company supports their unique goals.
We talk a lot about how employers are uniquely positioned to help their employees become more financially secure through the benefits they offer—not just by taking advantage of financial wellness programs, but by understanding how choosing and using their health benefits correctly will also benefit them financially. But their influence doesn't stop there—together, employers wield the power to reshape the health care industry overall. See how the conversation's unfolding.