Archives for January 2015

Are you offering this year’s 5 hottest employee benefits?

shutterstock_140105446Although your sunglasses tan may not have faded and you’re still finding pine needles from your Christmas tree all over the house, 2015 is here and most of us are back to work.

Now more than ever it’s time to start thinking about refreshing your employee benefits plan to ensure it remains competitive, innovative and current for your people this year.

Here are our predictions for the top 5 hottest employee benefits for 2015 that you shouldn’t look past:

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4 reasons employee benefits should be a top priority in 2015

Employee benefitsOffering an employee benefits solution that delivers no real value is as useful as taking a significant amount of your business’ money and setting it a light.

There are obvious differences between the outcomes of well thought out programs that provide benefits beyond expectation, and those that take more of a ‘they’re doing it so we should too’ approach.

Well executed employee benefits should align to a company’s goals or address a specific outcome, and consider individual circumstances. It’s the difference between your employee benefits program losing you money, or saving you money.

It may surprise you that effective employee benefits could be the game changer to your business achieving more in 2015.

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The rise and rise of reward and recognition

Employee RecognitionIf one word can define Reward and Recognition in the year 2014, it would be uncertainty. Ongoing economic caution is having an impact on how employers handle Reward and Recognition. However, as new trends emerge, it’s not all doom and gloom…

All engagement practices have felt the impact of belt tightening in 2014, but budgets have shrunk, especially in the reward space. In fact, there has been a marked shift away from spending on rewards and instead investing in robust recognition programs. Recognition, of course, can be carried out effectively with minimal outlay. Recognition is worth its weight in gold; formal and informal types of recognition don’t have to cost a lot, but the power of it is immense. “Research indicates that recognition on its own is more powerful than reward on its own,” says Alan Heyward, executive manager of Accumulate. “Together they’re even more powerful – but you give someone a reward, and it can be easily forgotten about, whereas recognition tends to be more long-lasting.”

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