Benefits open enrollment trends
The 2015 Aflac WorkForces Report Open Enrollment Survey examines benefits and HR trends affecting businesses and their employees. Several years of survey data show employees are increasingly going online to enroll in their benefits, as opposed to selecting their benefits using paper forms or call centers.
When a hiring manager is lucky, the hiring process is like a seller’s market – the supply of potential employees exceeds the demand. But with the brightest employees, it’s usually a buyer’s market – the best employees have their pick of employers. That’s why it’s imperative to offer the total employment package: not just a competitive salary, but perks and strong benefits as well.
The fifth annual Aflac WorkForces Report reveals the growing prominence of wellness programs in the workplace and finds possible links between successful programs and the employer's approach to their overall benefits program and strong benefits communications.
More employers are offering wellness programs than ever before. This year, close to half of the 1,977 business decision-makers surveyed reported offering a company-sponsored wellness program, which is up from 30 percent in 2012. Insurance brokers noted a similar trend, and just over half (53 percent) agree1 they regularly recommend wellness programs to their clients.
Use benefits to tame millennials' job-hopping ways
Using the latest research to put your business in overdrive
U.S. workers' habits and demands are constantly evolving. Today's employees aren't like those of yesteryear - they don't take jobs and remain in place until it's time to collect a pension and a gold watch. Companies have changed too, making the promise of a pension and a fancy timepiece rare.
According to the Bureau of Labor Statistics, millennials switch jobs an average of every 3.2 years. At that rate, they'll hold 14 jobs over the course of a 45-year career. No company wants to invest time and money into training an employee only to lose that worker to another employer, and especially not to a competitor. Given the importance millennials place on workplace benefits - 24 percent of them say an overall benefits package is extremely important to employer loyalty – benefits options may be key to convincing them to remain in place.
Latino employees value workplace benefits and are looking for opportunities for growth
The National Council of La Raza estimates by 2050 that 1 in 3 working Americans will be Hispanic. These employees desire to be more engaged in benefits and they're looking for new opportunities for growth, but is your company tailoring benefits and communications to their needs? Gain key strategies to boost retention and productivity by adapting your approach to a growing workforce demographic.
Wellness Program Trends
The fourth annual Aflac WorkForces Report identifies benefits trends and challenges based on responses from 5,209 employees and 1,856 business decision-makers across the U.S. The 2014 study provided an in-depth look at employee wellness programs, clearly pointing to what effective programs do differently and how employees benefit from programs offered at their workplace.
Proof that wellness programs impact more than waistlines
Companies that believe their wellness programs are effective are more likely to approach benefits differently than their peers. Typically, these companies offer a variety of programs, tailor benefits at different life stages, and focus on effective benefits communication and enrollment. It’s no wonder these businesses appear to see a positive effect on their workforces.
5 components of a successful wellness program
Companies with effective wellness programs are implementing benefits differently to promote a culture of wellness and, as a result, have happier and better prepared employees. Build an employee wellness program that helps contain health care costs and improve employee engagement with these five practical tips.
4 simple ways to win talent like a ‘Best Place to Work’
Small companies can’t always offer their employees the pay or stock options that larger competitors can, but that doesn’t mean your business can’t make a winning appeal to the best, brightest and most driven employees.