HR/benefits pros are behind the 8 ball. Most U.S. employees spend 15 minutes or less selecting their benefits, many would rather have a root canal than go through Annual Enrollment, and a fair amount also say navigating benefits is worse than losing their cell phone. All of those statistics are real.
I recently read a report that for the first time in history, five generations soon will be side-by-side in the workforce. While the stat isn’t surprising – Boomers and the Silent Generation are staying healthier and retiring later due to financial strains, and Millennials and Gen Z are just starting their careers – it’s nonetheless sobering to consider that more than 50 years could separate the generations in the workforce.
In the U.S., only 14 percent of adults can correctly define common health insurance terms and more than half of enrollees do not know how HSAs work. This lack of health literacy leads 28 percent of people to say that reviewing their benefits during Annual Enrollment is worse than losing their cell phone – which is pretty bad, considering how much most of us love our phones!
Last week, we held our Horizon ‘17 series finale in Denver. With Annual Enrollment quickly approaching, we knew this event was the perfect opportunity to discuss the best ways to reach employees during this important time of year. Driving the conversation were industry leaders, including: Cam Marston, an expert on generations in the workplace; Kim Burgess, Statewide Chief Human Resources Officer for the State of Colorado; and Kelley Korte, Human Resources Director of Benefits at American Greetings.
This week, our team of Solvers visited Minneapolis for our penultimate Horizon ‘17 event. Joined by HR pros from across the region, we spent the day sharing ideas and best practices, and learning from industry leaders, including keynote speaker Mike Wagner, president of White Rabbit.
It’s back-to-school time, an exciting time for students – and a jubilant time for parents (after a long summer of hearing, “I’m boooooored!”). However, back-to-school season is also a stressful time for moms and dads, working parents in particular.
The start of fall is upon us; for most people, it means the return of football, pumpkin spice, and sweaters. But as we all know, HR/benefits pros aren’t most people! For us, the change in weather signals the biggest work season of them all: Annual Enrollment.
We are happy to share that Sean McMurray, a Businessolver co-founder, left our Board of Directors to join us in June as Chief Technology Officer. Sean brings to our team more than 20 years of tech experience and a wealth of institutional knowledge: After all, he’s one of the original builders and designers of the Benefitsolver platform. I sat down with Sean to talk more about his role and his goals for Businessolver’s future.
Employee engagement today is at an all-time low – a staggering 70 percent of U.S. workers say they’re not engaged at work. Research shows that engagement has to start at the top and leaders have some work to do.
In today’s business environment, people change jobs far more frequently. In fact, the average U.S. employee has about 12 jobs during their career. Statistics also show that many of these job hoppers end up returning to a previous employer. This growing trend, known as “boomerang” employment, makes it essential for companies to ensure they have an effective offboarding strategy.
U.S. employees today are busier than ever – working longer hours and taking less vacation time. In addition, they’re feeling increasing pressures outside of the office – managing their families’ busy schedules, staying active in the community, and keeping up with personal wellness and wellbeing.
Recently, Jon and I were discussing the importance of diversity and inclusion here at Businessolver and he said something that really struck me: “Diversity in the workforce drives diversity in ideas. It’s not just about meeting certain criteria, but about fostering innovation and growth.”
Did you know that roughly 85 percent of employees’ mental health conditions go undiagnosed or untreated? Did you know that 1 in 5 adults in the U.S. (43.8 million people!) experiences mental illness every year? Did you know that mental health conditions cost employers more than $100 billion and 217 million lost workdays each year?
We can’t sugarcoat it: American workplaces severely lack empathy – even though a culture of empathy improves employee retention and productivity. That’s why we couldn’t think of a better place than the famous City of Brotherly Love to add a spark to the empathy revolution with data from the 2017 Businessolver Workplace Empathy Monitor. Released last week at the second stop on our Vision 20/17 Tour in Philadelphia, our second annual empathy study reveals that only 49 percent of U.S. employees rate organizations as empathetic.
Scroll through current news headlines, and it’s clear the U.S. workforce is in turmoil. From an alarming skilled labor shortage to disturbingly low employee engagement, employers have their work cut out for them.
Most people have a bias about different generations of people. Millennials are often seen as tech-savvy, Boomers not so much. Gen Xers are seen as conscientious and hardworking, while Millennials are lazy yet entitled. Although some of these biases have strains of truth, holding too tightly to them could be standing in the way of helping your employees work effectively together.
As managers and HR pros, we’ve all seen the signs: Employees coming into the office sleep deprived, with a stuffy nose or throbbing headache, feeling stressed and acting lethargic. Time to schedule a wellness lunch & learn and a flu-shot clinic? Not necessarily.
I recently read an article in The Wall Street Journal about “hugging CEOs” that noted the handshake has started to give way to less formal greetings, like hugs and pats on the back. The article ran through the pros and cons of a more intimate embrace. The biggest pro is that a warmer approach can foster greater teamwork and trust, which in turn can lead to better business results. A major con? Not everyone wants that level of familiarity, and may feel uncomfortable hugging it out with the person who signs their paychecks.
It’s not easy being green … or is it? Though Kermit the Frog wasn’t singing about being eco-friendly, his famous tune rings true these days. “Going green” seems overwhelming, especially for companies where terms like “sustainability” and “carbon footprint reduction” are thought to be complicated and expensive.
When employees feel their best, they perform their best. Making employees’ health, wellness, and overall well-being a top priority is a huge part of our culture at Businessolver. That’s why we’re so happy to be recognized by the American Heart Association as a 2016 Gold-Level Fit-Friendly Worksite!