Does Bitcoin Belong in Your Total Rewards Strategy?
Does HR know about HODLing? The fact is that many employees – particularly younger ones – are HODLers themselves. And many of them would like to be able to allocate some of their 401(k) assets to bitcoin and other cryptocurrencies. A recent decision by the U.S. Department of Labor may encourage more employers to consider…
Here Come the Robots
Two recent articles illustrate why some workers may be growing uneasy about their future prospects. As Chip Cutter writes in his article, “[the] long-running war for talent sounds more like a war on the talent these days.” He goes on to quote several corporate leaders who are taking a harder line on return-to-office mandates, work-life…
HR Trends in 2025: Shaping the Future with Technology and Personalized Experiences
Key Takeaways: Advancement of HR Technology: In 2025, HR leaders will adopt more advanced technologies to optimize HR processes and deliver highly personalized experiences for employees, especially in communicating total rewards. Employee-Centric Rewards Strategies: Total rewards programs will further expand to emphasize well-being, career growth, and flexibility, requiring more tailored and effective communication to resonate…
How Supporting Your Employees Can Build MVPs
Congrats to the Los Angeles Dodgers, who won the 2024 World Series by beating the Yankees in five games. There is at least one workplace takeaway from this year’s Fall Classic (I wrote about three workplace lessons back in 2019 when the team I root for – the Nationals – won the World Series). This…
Total Compensation: Why It’s Key to Attracting and Retaining Talent
The U.S. labor market remains strong, which means that employers continue to compete for talent. At the same time, companies do not want to pay more than they have to in order to bring on new employees (and retain their current employees). How can employers attract and retain top talent without breaking the bank? Organizations…
Employers Continue to Absorb Rising Health Insurance Costs
KFF recently issued its 2024 Employer Health Survey and – to the surprise of nobody – found that annual premiums for employer-provided health insurance shot up yet again in the past year, rising 7%. What is interesting, however, is that the share paid by workers was little changed; in fact, according to KFF, the premiums…
Why a Narrative Approach to Total Rewards Statements Matters
Key takeaways: Leading organizations are adopting agile, personalized, and holistic total rewards statements to attract and retain talent. Tailoring total rewards statements to specific audiences enhances employee understanding and appreciation of benefits. Customized total rewards statements provide a narrative (rather than just raw data), making it easier for employees to internalize the value of their…
Creative Benefits for the WFH Era
Someday, we will go back to the office. In the meantime, employers are getting creative when it comes to total rewards in the age of social distancing and working from home. Free snacks and a foosball table aren’t much help when people can’t be together in an office. Example of ways in which employers are…
Giving Workers What They Want
As workers continue to be well-positioned in a strong economy with low unemployment, employers are strategizing about how best to recruit and retain a strong, stable workforce. Many employers will be tempted to use gimmicks that were first made popular years ago among trendy tech firms– think ping pong tables and free snacks. But in…
Total Compensation Statements Help Employers Recruit and Retain Top Talent
A recent article in Employee Benefit News notes that U.S. companies continue to be cautious when it comes to handing out raises and bonuses. But in today’s environment of historically low unemployment, employers still need to compete in order to recruit and retain top talent. One tactic they are embracing is improving their benefits offerings. Unfortunately for…