Welcome to The Source, your one-stop-shop for the latest and greatest HR and benefits news. Our weekly publication highlights this week’s top stories in human resources, benefits administration, insurance, legislation and more to make sure you can stay on top of industry trends and changes. Start off your week on a high note with The Source!In this week's edition, we discuss the latest on the gig economy, age discrimination in the workplace, creative ways to keep remote employees engaged, and more! Click To Tweet
Health Care Costs Eating the Young Alive
Millennials and GenZers are spending so much on health care that they’re unable to pay down their debt, save for retirement or buy a house, according to a new study from Lively. While this certainly isn’t a problem only for younger people, they’re the ones most affected – in spite of being the healthiest. The study found that Gen Z is the group most likely to postpone doctor visits or go only in the event of a catastrophe, and that 63 percent have avoided a doctor’s recommendation due to cost. Get the full study analysis in BenefitsPro.
It’s Time to Stop Age Discrimination in the Workplace
Developing market research in almost all sectors leans towards Millennials and Generation Z, but it’s important not to forget the benefits of a multi-generational workforce. As people retire later and stay in their careers longer, it’s wise to ensure your digital presence and recruiting materials aren’t deterring older talent and narrowing the candidate pool.
Benefits for the Gig Economy
The nine-to-five workday is dead, and it’s been supplanted by the rise of the modern so-called gig economy — with a workforce bolstered by freelance and contract workers who work around the clock with flexible hours to meet new demands.
For HR professionals and benefit advisers, the strategic mission at hand is to determine how employee benefits and perks can fuel alternate avenues of employment to win the talent war. But complications along the way to redefining the employment contact can stall those efforts if they fail to pursue a thoughtful approach. Learn more about the gig economy and benefits movement on Employee Benefit Adviser.
How to Strengthen the Relationship Between Recruiting and Onboarding
The recruiting process does not end at the hire; onboarding is crucial to making it complete. Your new hires see the entire operation as a single set of events, and so should your organization. Tying recruiting and onboarding closer together saves resources and increases retention. Learn how to close the gap between recruiting and onboarding on HR Technologist.
Creative Ways to Keep Remote Employees Engaged
You get it: You’re fully on board with all the reasons why telecommuting is a great thing, and that’s why you’ve hired and trained a solid team with the expectation they’d be working remotely. But you also know engagement is the key to a loyal, productive workforce, and now that your workforce is decentralized, you’re secretly worried. How engaged are these people you rarely see? How can you ensure your employees are the happy, efficient, stress-free respondents in all those studies about remote workers? In short: how can you keep remote employees engaged, and how can you know whether what you’re doing is working or not? See tips on how to engage your remote workers on BambooHR.
Uber, Lyft Promise to Improve Worker Benefits in Fight Against California Gig Law
In response to the recently enacted California law that will require gig workers to be classified as employees rather than independent contractors, a coalition led by Uber, Lyft and DoorDash have announced a November 2020 state ballot measure to counteract the new law – as well as add new protections and benefits to workers.
The act would allow workers to be classified as independent contractors but would also require the companies to offer new protections and benefits for their drivers, including better compensation, insurance, protection against harassment and discrimination, and more. Get the scoop from BenefitsPro.
This Week at PlanSource: Simplify ACA Reporting
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Thought Of The Week
59% of employees say that health and wellness benefits are important for increasing loyalty to their employer. – MetLife 2018
What are you doing to put wellness programs front and center in 2020?