It’s every tech company’s worst nightmare, a data breach that then becomes a PR disaster. With so much private information gathered in HR and benefits technology, it can be way more than a nightmare for HR professionals. Facebook’s recent data drama was essentially caused by a user error – which should be a wakeup call for HR professionals as most data breaches result from employee blunders. Let’s take a closer look at the recent news about the 50 million users’ data Facebook let fly out the window.
Turnover is an inevitable fact in today’s workforce. Gone are the days when you could expect an employee to earn their 30-year gold watch for continued service and dedication to one company. And while some may be nostalgic for those days of old, it’s time to move forward and prepare for your changing workforce. As Millennials become the largest portion of our workforce, we are seeing a lot of significant statistics for employee retention.
With unemployment numbers at record lows, and the addition of 313,000 jobs in February, companies are battling for talented and qualified employees to join their teams. Creating a solid cultural atmosphere is key to a successful business and essential to recruiting and retaining employees. Plus, developing your unique company culture can also set you apart from your competitors and enhance your brand.
The economy is growing, unemployment is low, and the stock market shows no signs of slowing down. On the surface, things seem pretty rosy.
As HR professionals know all too well, the RFP process can seem a bit overwhelming. Requesting proposals for a benefits administration system involves all sorts of factors, from identifying what your employees need to evaluating technical capabilities, not to mention determining the right price range.
One of the “big things” in HR and benefits is AI (artificial intelligence). You’ve likely been hearing a lot about the promise to increase engagement and productivity, and how AI will make your job easier and your position more impactful. Truth is, AI is already here, and it’s likely to become a larger part of your professional life in the future.
This past October we launched Sofia, our machine-learning, personal benefits assistant who, during annual enrollment, demonstrated how artificial intelligence can improve, quicken, and streamline the benefits process. When assisting employees with their benefits questions, Sofia uses machine learning which evolves and expands as she answers more questions. We were excited to see that Sofia is providing valuable information to employees, helping them enroll in or manage their benefits – she is even active right now, 24/7 – 365!
Welcome to “The One Thing,” a new Businessolver blog series that takes a closer look at our approach to client service. A major part of our mission is to delight our clients, and Solvers recommit each day to doing so. “The One Thing” shares insights from Solvers on how they stay true to the mission and motivated to bring it to life in their daily work.
For Women’s History Month, we are celebrating the inspiring and hard-working women at Businessolver who are helping to create the success of the company each and every day. We interviewed Michelle Lockhart, the Strategy Practice Leader for Carrier and Partner Relations, for our next blog entry.
Last week, we kicked off Horizon 2018 with events in Atlanta and Charlotte. As the first two stops in our Horizon 2018 tour, both events saw numerous HR professionals come out to learn all the latest news and updates in the HR/benefits technology realm.
The first Friday of March is national Employee Appreciation Day, which is often celebrated with offerings such as catered lunches, platters of cookies or brownies, perhaps a balloon in the corner – an hour-long break in the day. Despite these annual efforts, employees may still feel underappreciated or uninspired at their job. This dispassionate attitude about work can cost you more than a plate of brownies or a stray balloon – consider almost $600 billion in lost productivity according to Gallup estimates.
I am very excited to announce the long awaited strategic collaboration between Businessolver and Transamerica. Transamerica is a leading provider of insurance, retirement and investment solutions – and we are thrilled to work in tandem to deliver an industry-first direct integration of wealth and health. The advanced integration enables users of the Benefitsolver platform to make holistic decisions for medical, voluntary and retirement benefits.
For Women’s History Month, we are celebrating the inspiring and hard-working women at Businessover who are helping to create the success of the company each and every day, including our Chief Strategy Office, Rae Shanahan.
Rae has worked tirelessly to not only improve how Businessolver operates, but she has become a thought leader in the HR/benefits realm as a whole, modeling empathetic leadership tactics that have been proven to increase employee retention, work production, and overall wellness in the workplace.
Pablo Picasso once said, “The meaning of life is to find your gift. The purpose of life is to give it away.
With tax time approaching, employers and HR professionals are fully immersed in ACA reporting activities. Recent executive orders and the passage of a large tax reform bill last year have resulted in ongoing uncertainty about the future of the ACA and employers’ responsibilities—yet previous tax years still require reporting and compliance.
Like most people, I have a morning routine that consists of coffee and checking up on the news. One of the first topics I read up on is, you’ve guessed it, AI technology. Recently, I’ve noticed more and more articles discussing the future of the job market with increased anxiety surrounding how robots may be taking over our jobs. Is this actually true? According to some experts, AI will disrupt 1.8 million jobs by 2026.
No need to point the finger – when it comes to retirement readiness missteps for U.S. employees, there is plenty of blame to go around.
Companies across the country are increasing wages, upping retirement matches, or providing bonuses to employees in the wake of the recent tax reform bill. Home Depot, for example, awarded its hourly employees a one-time cash bonus. Walmart announced it is increasing wages, creating new benefits, and paying one-time bonuses.
Yesterday, as we honored our nation’s presidents, I was struck to learn that even in the midst of building our fledgling and fragile democracy, our earliest leaders showed great empathy. Fast forward more than two centuries; studies have shown that the willingness to listen and empower others to achieve their goals is one of the key aspects to becoming a great leader. Further, our 2017 Workplace Empathy Monitor reveals that 90% of employees think empathy should be modeled at the top of an organization.