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 explore the instant pay movement, tips for attracting great seasonal workers, how HR is balancing high tech with high touch and much more! Click To Tweet
6 Ways Tech is Streamlining Benefits Administration
HR pros are turning to technology to help ease the burden of everyday tasks. Indeed, the strategic use of technology, automation and better vendor partners is making time-consuming and mundane HR and benefits tasks a breeze. More automation may be on the horizon — some suggest virtually all administrative functions can be fully or partially automated. With the right software and services, administrative paperwork can become a thing of the past. See six specific areas where HR tech is filling gaps on Employee Benefit News.
Why Instant Pay Benefits Are Showing Growth
Financial insecurity is having a dramatic effect on the workplace: The vast majority (69%) of workers are stressed over their finances, according to financial firm John Hancock, with fully 72% admitting to worrying about their personal finances at work, and one in three doing that more than once a week. Meanwhile, some 40% of Americans would struggle to come up with even $400 to pay for an unexpected bill, according to the Federal Reserve.
Enter instant pay apps, which aim to target those problems by giving employee instant access to their earned wages instead of waiting two weeks between paychecks. Doing so, advocates say, can help workers avoid expensive payday loans and avoid late fees. Read more on the instant pay movement on HR Executive.
Data Privacy 101
In today’s digital age, online privacy has become a commodity. Every day, our personal data is shared – knowingly, but oftentimes unknowingly. In the last two years alone, 90% of the data in the world was generated. The amount of data being created is absolutely mind-blowing and only continues to grow. Learn more about the basics of data privacy and why an air-tight policies are an absolute security must on the Ultimate Software blog.
10 Ideas for Attracting Seasonal Workers
Christmas trees and snowflake decorations dawn the aisles of home decor stores across the country. Yet, it’s hardly time to decorate for Halloween. However, employees should take this as a sign that it’s time to begin hiring for the holidays. Holidays typically mean extended hours and an influx of shoppers, which signals that seasonal employees need to be hired to assist. With a plethora of businesses participating in hiring seasonal employees, Sentio has a ten tips for attracting great seasonal staff.
Here’s What Employers Really Want in a Benefits Broker
Employers are increasingly seeking out benefits brokers who can assist them with compliance issues. That’s according to a new employer survey from Zywave, which found the vast majority of clients (98%) want their brokers to assist them with compliance related questions and 78% want compliance resources. See the full list of what employers expect from a broker in this Employee Benefits Adviser review.
2019 Employer Benefits Survey: Balancing High Tech, High Touch
Technology continues to reshape the landscape of the benefits business. As employers increasingly rely on technology for everything from enrollment to administration and compliance, they look to their brokers for sound advice. 95 percent of employers consider technology a “must-have” or “very important” in their day-to-day job functions. Get the scoop on the full report on BenefitsPro.
This Week at PlanSource: Eclipse Super Early Bird Pricing
Join us for the HR and Employee Benefits event of the year at PlanSource Eclipse! This exciting annual event brings together the best and brightest in human resources for a one-of-a-kind, three-day event.
Your event ticket includes the price of ALL meals each day (breakfast, lunch, dinner, snacks and more!), complimentary happy hours, rise and shine activities, transportation to and from evening events, engaging sessions led by industry leaders and invaluable networking with industry peers.
But don’t wait—Super Early Bird pricing expires this week!
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?