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Why Financial Wellness Benefits are Vital for Your Company

Why Financial Wellness Benefits are Vital for Your Company

By Annie Pilon at DocuVital When you think about employee benefits, your mind probably goes right to medical coverage. But there are actually a lot of other valuable added employee benefits to consider, from retirement plans and disability to vision and dental coverage. If you don’t consider these added benefits to be a priority for your business, you might want to rethink that. Employee benefits are actually more important now than they ever have been before. Below are some of the reasons you should consider value added employee benefits beyond medical for your business, along with tips for implementing those benefits. Why You Should Offer Value Added Employee Benefits They Help You Attract the Best Employees According to a 2015 CareerBuilder study, 55 percent of employees consider affordable benefits to be more important than salary when job hunting. That means that more than half of potential workers out there would rather work for a company that offers comprehensive benefits than one that offers a slightly higher salary but limited...

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Protecting Your Business and People When Disaster Strikes

Protecting Your Business and People When Disaster Strikes

Natural disasters, like Hurricanes Harvey, Irma and Maria, can have devastating consequences that not only impact personal well-being and properties, but people’s businesses and work lives as well. According to the Federal Emergency Management Agency (FEMA), almost 40 percent of small businesses never reopen their doors after a disaster. Whether your business is small or large, helping employees during these tough times can leave a lasting impression. Companies that do survive natural disasters often undergo critical stress tests that gauge the health of their leaves policies, employee assistance programs, benefits plans and more. While business owners’ immediate focus is often on rebuilding, reopening and maintaining customer relationships, it’s also important to ensure you retain your biggest business asset: your people. Assisting employees during stressful times, and helping to alleviate additional job-related worries, can go a long way toward nurturing the long-term trusting relationship that employees desire with their employers that keeps them happy and engaged. It’s important for business owners to consider: Unplanned absences and their impact on business...

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ADP’s Chief Security Officer Roland Cloutier Receives FAIR Business Innovation Award

ADP’s Chief Security Officer Roland Cloutier Receives FAIR Business Innovation Award

Business Insider has published a new article featuring Roland Cloutier, ADP Chief Security Officer and his recent recognition as a winner of the FAIR Business Innovation Award. The awards were announced and presented at the FAIRCon 2017 awards, held by The FAIR Institute, an expert non-profit organization led by information risk officers, CISOs and business executives to develop standard information risk management practices. The FAIR Business Innovation Award recognizes innovative risk officers who are disrupting the status quo by applying FAIR principles to drive innovation and enable communication and management of information risk from a business perspective. Cloutier’s leadership led to ADP incorporating FAIR as a foundational component to its operational and technology risk program. Cloutier and his team have helped ADP use FAIR to effectively and efficiently manage the complete life cycle of organizational risk. Read the full article here. Share this:Click to email this to a friend (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click...

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ADP® Workforce Vitality Report Q3 2017 Shows Deceleration in Wage Growth

ADP® Workforce Vitality Report Q3 2017 Shows Deceleration in Wage Growth

According to the ADP Workforce Vitality Report, overall wage growth increased by 1.7 percent year over year across all industries in the third quarter of 2017 and is slower than the 2.6 percent growth in wages reported by the U.S. Bureau of Labor Statistics (BLS). The ADP Workforce Vitality Report tracks the same set of workers over time, which provides a more insightful picture of wage growth than overall wage growth. This set of workers includes job holders, who stayed in their same job for at least one year, and those who changed jobs, referred to as job switchers. Key indicators from the report include: Job holders’ wages grew by 4.4 percent and job switchers’ wages grew slightly less by 3.3 percent year over year in the third quarter On average, job holders’ hourly wage levels were $10 more than that of job switchers. Tracking full-time workers alone, job switchers increased their wages by an average of 4.9 percent when compared to job holders, who saw their wages rise...

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HRE Daily features ADP’s Ahu Yildirmaz: Thinking Like an Economist

HRE Daily features ADP’s Ahu Yildirmaz: Thinking Like an Economist

HRE Daily wrote a recent article about incorporating analytics into hiring and HR practices, featuring Ahu Yildirmaz, Co-Head of the ADP Research Institute®. According to workforce industry economists speaking at a session titled “The Real Economics of HR Technology: Using Big Data to Drive HR Decision Making” during the HR Tech Conference on October 11th, you don’t need to be a tech giant to incorporate analytics into your hiring and HR practices. In fact, employers that aren’t using analytics to improve recruiting and other aspects of people management put themselves at a distinct disadvantage. A tight labor market that is intensifying competition for workers, technological innovation, the evolution of how work gets done and changing labor demographics make it imperative to plan for the future, and analytics are the best way to do that, economists said. “CHROs have to think like economists, not just CHROs, but the entire C-suite should be using data to understand how best to allocate talent resources to optimize their workforce and increase margins,” said...

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