On June 23, the Federal Reserve Chairman announced that inflation had reached a forty-year high in February, intensified by supply chain issues and increased consumer demand. Subsequently, the Consumer Price Index (CPI) was 6.4% higher in February 2022 than the prior year. Gas prices are up a soaring 48%, housing 14% and groceries 10% in the last year alone. In addition to these staggering numbers, a recent World at Work study cites that salaries had not kept pace with economic...READ MORE
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It has been dubbed by many as - The Great Resignation, The Great Reshuffle, The Big Quit, or The Turnover Tsunami, but what does it really mean to your organization?
The pandemic forced a sudden and immediate shift into remote work. However, the workforce is on the brink of another disruptor – the move to hybrid work. With over 40% of the global workforce considering leaving their employer this year – the talent landscape has fundamentally shifted, and we know a...READ MORE
Taking care of your mental health is a lifelong journey, and there are many different tools to support you through it.
But understanding which tools would best help you in different situations can be hard. That's why OneDigital has created this episode of Byte-Sized Benefits focused on making mental health a little less complex through the advice of Educational Psychology PhD, Lucy Roberts.
When crafting workforce strategies to get out ahead of the Great Resignation, most employers often overlook this key ingredient: the physical workplace.
Rebecca Sarkosi, Associate & Director of Interior Design at QA+M Architecture, joins the Friends with Employee Benefits podcast this week to discuss how employers can leverage their office space to help their employees feel more comfortable coming back into the office. Topics include what changes employers are...READ MORE
It is well known that employees who are caregivers are experiencing high levels of burnout from balancing work and caregiving demands made more difficult by COVID-19.
As we head into the third year of the pandemic, employers continue to strategize ways to enhance family support not only to combat employee burnout, but also as a strategy to compete for talent amidst the Great Resignation. In a recent study by Care.com, 45% of employees seek “family friendliness” as a...READ MORE
The one constant in business is change: employees are looking for growth, businesses merge, companies shrink and grow, leadership shifts.
Add that to all the “normal” changes in a global pandemic and we find ourselves at the perfect time to reassess and measure the degree to which our employees are engaged at work.
“We are hearing a lot about the Great Resignation and the Turnover Tsunami – why not take this opportunity to get to the bottom of it all and ASK our employees...READ MORE
While financial concerns are less pressing than earlier in the pandemic, many Americans remain worried about meeting some basic needs.
About three-in-ten U.S. adults say they worry every day or almost every day about the amount of debt they have (30%) and their ability to save for retirement (29%). Roughly a quarter say they frequently worry about paying their bills (27%) and the cost of health care for them and their family (27%), and about one-in-five say...READ MORE
I think we can all agree there are few things that can steal our joy as quickly and easily as having debt. If we were to pinpoint one type of debt that has delayed recent graduates from saving for retirement, it’s student loans.
While the CARES Act provided a brief respite for those in need, it remains critical that we take ownership of our financial worlds. With the current student loan tally in the U.S. at just over $1.7 trillion, it is evident that the concern will endure for the...READ MORE
Recent polls show that over 40% of US workers are actively searching for a new job.
The costs of losing an employee range anywhere from 25% to 200% of annual salary due to lost productivity, hiring a replacement, and training the new employee. In addition, there are the intangible costs of impact on the work environment and employee morale.
“Let’s face it, people don’t stay in jobs forever. There will always be turnover and that can even be a positive. Replacing staff can...READ MORE
We get it: benefits are complicated, and choosing the right medical plan for your unique scenario can be quite challenging.
It's no surprise that choosing the right medical plan is a challenge, and study after study has found that the majority of us ultimately choose the wrong option, putting our health and finances at a disadvantage. Today's episode shares the top five considerations when evaluating your health care options so you can take control before you enroll...READ MORE