Banco Popular de Puerto Rico

Human resource leaders need to formulate new technology strategies to deliver an efficient, intuitive, digital employee experience.

Employers should build an education program, perform an objective review of investments and benchmark features.

Employers will need to remain up-to-date on salary history bans, equal income standards and transparency provisions.

Licensed insurance professionals can assist human resource professionals with a number of election period tasks, while also answering important employee questions.

Providing benefits such as dental and short-term disability is a smart way for employers to try out the insurance arrangement, which has the potential to save money and provide greater transparency.

Plan sponsors should document meetings, put employee needs first and ensure they have a properly structured retirement plan committee.

Employers must pay close attention to the details of, and thoroughly document, the process it follows in selecting or changing a TPA.

Artificial intelligence will play a big role in how employers retain top performers as well as help eliminate bias from candidate selection.

But first, employers need to build an extended PA ecosystem — one that enables data analysis to be broadly embedded in work streams and decision-making.

In wake of tax reform, employers can encourage employees to invest in HSAs, build up their 401(k), pay off debt and build an emergency fund.