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Innovation in employee benefits: The Student Loan 401(k) “Match”

Jan 7, 2019 3:40:46 PM / by The HR Trove by Willis Towers Watson posted in retirement, benefits, 401(k), student loans

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guycomputer

$1,500,000,000,000![1] At $1.5 trillion in outstanding loans nationally, chances are that many of your new recruits and current employees are struggling to pay down student loan debt, resulting in financial stress and delayed retirement savings. In fact, student loans are so common that 4 out of 10 Americans who have gone to college took out some sort of debt to pursue their degree.[2]

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Gig economy trends and what HR can do to make it a win-win

Dec 12, 2018 10:00:00 AM / by Elizabeth Byerly posted in workforce

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The gig economy trend isn't new. It's just bigger now with more than 57 million workers in the United States freelancing. This equates to about 37% of the workforce. This is significant considering close to half of millennials are freelancing today; and a gig economy growth prediction is that by 2027, gig economy workers will make up most of the U.S. workforce. ("Freelancing in America: 2017", Upwork).

This compelling data raises some important questions about what HR professionals (or someone who has responsibility for recruitment, retention and talent) should do about the impacts of the gig economy at their organization. 

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Your Workforce Is Changing. Have Your Benefits Communications Done The Same?

Nov 16, 2018 2:15:59 PM / by The HR Trove by Willis Towers Watson posted in benefits, communication

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The Workforce is Changing

The disco era brought us many fads: leisure suits, pet rocks and his and her perms. Those are mercifully gone, but the late ‘70s also introduced the promise of a paperless society. It hasn’t happened yet (and may not in our lifetimes), but the astonishing technology leaps over the past 40 years have certainly diminished the need for printed materials.

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How to make messaging come alive for employee wellbeing and benefits

Nov 1, 2018 11:00:20 AM / by Bruce Shutan posted in employees, Workplace well-being, benefits, communication

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A healthy workforce is good for business, but the key ingredient is explaining various benefit programs or resources with clarity, storytelling, visual aids and even humor.

When employers provide the support that employees need to manage their physical, financial, emotional and social wellbeing, they’re able to improve health outcomes and business results in a more meaningful way than traditional health and wellness initiatives. This holistic approach recognizes that helping employees optimize their wellbeing is better for them while also enabling a clear competitive advantage for the organization.

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5 Keys to Modernizing Employee Benefits

Oct 30, 2018 4:11:57 PM / by The HR Trove by Willis Towers Watson posted in benefits, total rewards

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Several external drivers – from the changing nature of work and the workforce to digital disruption to employee expectations for transparency – necessitate a renewed focus on Total Rewards. Benefits are no exception to the need to modernize: Employees are seeking customization and personalization of their benefits portfolio, especially as the workforce becomes more diverse. Global benefit cost and risk continue to put pressure on company budgets, and benefits technology has created opportunities to improve the employee experience and the administration of benefit plans.

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How New Technology is Re-energizing Employee surveys, including Employee Engagement Pulse Surveys

Sep 17, 2018 1:42:00 PM / by The HR Trove by Willis Towers Watson posted in Customer feedback, Products, Case studies, employees, employee engagement pulse survey, software, human resources

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More than ever before, companies are turning to employee engagement pulse surveys for employee feedback and, empowered by new technology, they are soliciting it more often and on more topics than ever. No longer requiring support from specialists, they are keeping their costs low and their options open.

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Creating fans or disengaging employees during benefits enrollment?

Jul 11, 2018 5:12:26 PM / by Elizabeth Byerly posted in benefits enrollment

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In today’s fiercely competitive job market, being “attractive” to employees means taking advantage of every opportunity to engage and highlight your organization’s value so you can retain and attract the right talent. Individuals are no longer simply looking for a job; they want to be your fans, but they have to know what’s in it for them ― WIIFMs!

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3-Step Guide To Tackling Compensation Data

Jun 5, 2018 4:01:07 PM / by The HR Trove by Willis Towers Watson

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comp data

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Hunger Pains, Fuzzy Brains: 4 Ways HR Pros Can Help

May 17, 2018 3:52:58 PM / by Elizabeth Byerly

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brain drain email landing page-1

There's a saying in my family "[Name] is getting cranky. Pass the nuts." (And, yes, we have packets of nuts in purses and cars!) In today’s busy lives at work and at home, it’s easy to put off eating. But, low fuel can translate to being unproductive, potentially unsafe and simply unpleasant to be around.

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7 Must-haves for Your Financial Wellness Tool

May 15, 2018 3:54:14 PM / by The HR Trove by Willis Towers Watson posted in Financial Well-being, Financial Wellness

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Picture this: John, one of your most talented junior managers, has had a number of life changes recently, both happy and challenging. He’s gotten married, moved into a new condo, and has started caring for an aging relative. He’s got a lot on his plate, personally, professionally, and financially.

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