Human Resources Today

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benefits

Talent and HR News Weekly Roundup: Employee Perks

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Talent and HR News Weekly Roundup: Employee Perks

In this week's Talent and HR News Weekly Roundup, we're featuring insight on employee perks and more. Enjoy!

1) Employees underwhelmed with wellness plans from Employee Benefit Advisor

If employers want to attract and retain the best talent, they might want to first look in a seemingly obvious place: their benefit offerings and wellness plans.

According to a recent survey of full-time professionals from One Medical Group, two out of three employees would rather have better health and wellness benefits than other types of perks. Nearly 60% of the 1,000 professionals surveyed said employee benefits are “very important” to how they feel about their job and their employer, and 36% said benefits are “somewhat important.”

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Talent and HR News Weekly Roundup: Perks, Benefits, and Work Style

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Talent and HR News Weekly Roundup: Perks, Benefits, and Work Style

The race for talent is on. Companies are offering many different perks and benefits to stand out from the crowd. But are these what candidates and employees really value? Or just putting lipstick on a pig? In this week's Talent and HR News Weekly Roundup, we're sharing some of the latest thinking around perks, benefits, and work style. 

1) Wedding expenses and Tesla leases: The arms race in employee perks from Washington Post

"Nick DeMarco runs a small biotech startup in Raleigh, N.C., that makes scientific instruments. But what got his company, Practichem, attention from CNBC's "Power Lunch," the Huffington Post, Fortune and other media outlets last week wasn't the innovative products he's making. It was his promise to lease Tesla Model 3s to employees when they become available. "The world’s changed a lot, and technology people are really hard to bring in," DeMarco, who has 10 full-time employees and is trying to double that number with new hires, said in an interview Monday. He believes spending money to lease the wildly popular cars -- which are not expected to be available until at least the end of next year -- will turn out to be a smarter recruiting investment than funneling more money to headhunters. Though he sees the leases as rewards for good performance to help retain current workers, he's also hopeful the media coverage and word-of-mouth from employees will help him hire people with the skills he needs in what he calls an "esoteric field." "We're not sexy," he says."

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Talent and HR News Weekly Roundup: Compensation & Benefits

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Talent and HR News Weekly Roundup: Compensation & Benefits

Compensation and wages have been in the news lately, with wage growth in the US picking up as of late. Below are some interesting articles focused on this area of HR - and it's not just salary we're talking about here. Enjoy!

1) Forget Raises. Employers Lean on Health Benefits to Retain Workers from Bloomberg

"Wages are still stagnant, yet employers have found something else to help attract and retain employees: health-care benefits. A good insurance plan has become a more vital tool than ever for hiring, according to a recent survey from the Society of Human Resources. In general, the study found, companies are leaning on benefits to woo current and potential employees. Of the 460 human resources professionals in the survey, 33 percent said that in the last year their organizations used benefits of some kind—ranging from paid leave to wellness programs—to keep employees at all levels from leaving the company. That marks a surge from just 18 percent who relied on benefits to retain staff in 2012." 

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Talent and HR News Roundup: Benefits and Family Edition

When you look at the data you have on your workforce right now, it's likely, well, just about work: employee satisfaction, engagement, how employees found out about the job. But what about your employees? We don't spend enough time getting to know who they are, what matters to them and how they spend their time outside of work.  And that information is key to making sure their work lives merge with their personal lives.Dad and Son | exaqueo news roundup This week we've noticed a great deal of chatter about workplace benefits and living. From the living wage battle happening in Washington, DC to the effects of President Obama's healthcare plan on the workforce, it's important that you understand what's happening and consider how it will affect your organization (no matter what your politics are.)

1) Trader Joe's Takes Away Health Plan But Offers Stipend in Marketwatch

"Trader Joe’s had bucked the industry trend by offering low-cost health, dental and vision plans to its part-time workers. This new development probably will continue to set the retailer apart from its peers, however. Some companies are cutting hours and full-time positions completely in order to get under the threshold for the mandatory offering of health benefits outlined in President Obama’s health-care overhaul, formally known as the Affordable Care Act, or ACA."

2) D.C. Mayor Gray vetoes ‘living wage’ bill aimed at Wal-Mart, setting up decisive council vote in The Washington Post

"Gray’s quandary is playing out in many U.S. cities, where local leaders who generally sympathize with worker causes are also eager to lure jobs and commerce for their constituents. Retailers, most notably Wal-Mart, have placed an increasing focus on urban expansion, while unions and advocates for workers have pushed measures like the District’s "living wage” bill as a valuable hedge against the proliferation of low-paying jobs."

3) Breaking the Paternity Leave Barrier in The Huffington Post

"Ackerman was a 27-year-old math and social studies teacher at JHS 142 in Jamaica, Queens, married to another teacher, when he became a father. His wife, Rita Ackerman, left her job to stay home full-time, while he finished out the school year. That summer with his new daughter, he said, “I loved having the flexible time to take care of her, and I wanted to continue that during the year.”"

4) GE Ex-Labor Chief Switches to Defend Retirees’ Benefits in Bloomberg

"Rocheleau is a rare voice for retirees as employers curtail coverage, a step that threatens to raise costs and curb choices for Americans who have left the workforce and have little power to fight back. International Business Machines Corp. (IBM) and Time Warner Inc. (TWX) recently joined the benefits pullback with plans to move retirees to insurance exchanges."

 

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exaqueo is a workforce consultancy that helps startups and high-growth companies build their cultures, employer brands and talent strategies. Contact us to learn more about how we can help you build a workforce that’s aligned with your company culture and develop an employer brand that will allow your business to scale the right way.

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