Employee Benefit News - February 2020

Thank God it’s Thursday

The five-day, 40-hour work week is an American tradition borne from the factories of Henry Ford; more employers are now challenging that standard. Can there be new models for work?

A leader must understand that high performing teams with strong cultures are those that are highly aligned around the same core values.

“From an HR standpoint, we’re going to have to create an environment where both can coexist,” says Kelley Steven-Waiss, chief human resources officer of Here Technologies.

March 2-4, 2020 | New Orleans, LA
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The consulting firm partnered with an analytic company to help employers monitor the costs of specialty medications and opioid use in their health plans.

As medication costs continue to rise, employers should implement these strategies to mitigate the financial burden of pharmaceutical prices.

Recruiters and benefit providers aren’t confident the policy will help drive down smoking-related healthcare costs and improve the job candidate pool.

Here’s why HR bosses need to reskill to manage the jobs of the future.

The program aims to help at-risk employees reduce their weight and increase exercising.

GumGum employees are on track to pay off their student loans 27% faster than without the benefit.

Expert sees data science, artificial intelligence, chatbots and predictive analytics helping improve hiring practices and significantly reduce turnover.

A third of Americans don’t get enough sleep and it costs employers billions in productivity and healthcare losses.

The ability to analyze benefit plans and health data can help employers with everything from cutting costs to helping employees improve their health.

Experts believe that reduced work hours can lower stress and increase well-being, without impacting performance.

Employees benefit from fewer days in the office, less time commuting, scheduling flexibility and more focused hours at work.

The definition of employee wellness is expanding to include student loan debt relief, EAPs and retirement benefits, experts say.

These programs can be great retention tools that help employees add to their retirement savings.

Even rolls out new product to help employees save money for up to three different purposes at once via direct deposit.

The accounts will be managed through Wealthscape, allowing advisers access to their client’s finances to help manage rising healthcare costs.

The new addition aims to help employees with healthcare expenses now and in retirement.

Prudential offers solutions for employees struggling to reach their goals.

Most job-changing participants migrate to employers with large health plans, but account consolidation can help both companies reduce their plan fees.

Almost 50% of millennial employees would leave their job if given the opportunity. So, what is the trick to keeping this generation at your company?

Some banks and fintechs have already introduced pet-friendly policies in the office. Here are five reasons why it works.

Offering student loan management resources provides employees with access to experts who can help them navigate a complicated landscape.