Andrew First’s Post

Adding financial wellness benefits, especially in this current economy, to your compensation package could boost employee well-being and productivity. Discover the top benefits to offer in the article below. Need more employee retention ideas? Let's talk. #employeeretention #employeebenefits #hroutsourcing

Top thing on my mind this morning: Creating an effective employee benefits package that appeals to both Generation X (Gen X) and millennials (Gen Y) is crucial for modern workforce retention and attraction. These generations prioritize benefits as indicators of an employer's commitment. To achieve cross-generational appeal, consider the following strategies: 1. Financial Factors: Career Development: Both Gen X and Gen Y value career growth. Provide formal career progression plans and continuing education opportunities. Retirement Plans: Gen X values retirement plans with matching contributions and financial literacy. Offer retirement plans to enhance their sense of value. Student Loan Assistance: Gen Y often deals with student loan debt. Offer student loan repayment or contribution plans to attract talent. Tax-Free Student Loan Assistance: Take advantage of the provision allowing tax-free student loan assistance under the Consolidated Appropriations Act of 2021. 2. Work-Life Balance: Flexibility: Both generations desire flexible work arrangements, including remote or hybrid options. Mental Health and Wellness: Prioritize mental health by offering employee assistance plans and wellness programs. Dependent Care: Gen Y appreciates dependent care flexible spending accounts and childcare assistance programs. Paid Time Off: Both generations value paid time off for work-life balance and recharging. 3. Other Generations: Gen Z: As Gen Z enters the workforce, consider benefits like tuition reimbursement, commuter plans, and career growth opportunities. Baby Boomers: Focus on quality health insurance, wellness programs, and financial planning resources to support their transition to retirement. Understanding the benefits valued by each generation is crucial for a comprehensive package. While not every benefit needs full funding, providing diverse options shows commitment. Compliance obligations, documentation, and employee notice should be considered when making benefit changes.

Customised employee benefits 💼 The concept of customised employee benefits for different career stages is innovative in today’s competitive job market. However, this strategy is not without its challenges. Take a read at the article for a well-rounded perspective of this topic. At Willis we can help you to build and service an employee benefits package appropriate to the needs of your staff. We're here to assist you in adopting forward-thinking benefits solutions that meet the high expectations of the modern workforce. #EmployeeBenefits #EmployeeRetention #WorkplaceBenefits #NorthernIreland #NIBusiness #BusinessNI #EmployeePerks #EmployeeSatisfaction #DigitalEmployeeBenefits

Addressing employee benefits across different career stages presents a unique opportunity that also requires careful implementation to work. With a strategic approach, we can ensure these benefits are not only equitable in economic value but also cater to the evolving needs of our workforce. This is how we build a culture that deeply respects each person’s path and contributes positively to our shared future. #employeebenefits #HR #EX

Gen Z is a growing demographic within the workforce, and they are also unique in their attitudes towards benefits. #thestandard has authored this study: https://lnkd.in/e6yTp282 This is yet another example of how #thestandard can help shape Employee Benefits to resonate across all age groups. Talk to us today about how we can ease your burden. #thestandard #allgenerations #reimaginingthepossible

May 29 is National 529 Day — a day to put a spotlight on how families can use 529 plans to save for their kids’ education. Fewer than a quarter of Americans have a 529 plan, and half don't even know what a 529 plan is. Employers can help close this gap in awareness and adoption — while boosting employee productivity, engagement, and retention — by offering benefits that enable their workforce to leverage this type of investment plan. And with our all-new 529 Plan Finder now available, there's never been a better time to get started. Read our latest blog post to learn more about how 529 plans can make an impact in the workplace:

Offering employees benefit options—especially if they’re of different generations—can enhance recruiting and retention. See what all generations want and what each generation prefers when it comes to employee benefits. #employeebenefits #Principal_employee

Offering employees benefit options—especially if they’re of different generations—can enhance recruiting and retention. See what all generations want and what each generation prefers when it comes to employee benefits. #employeebenefits #Principal_employee

Offering employees benefit options—especially if they’re of different generations—can enhance recruiting and retention. See what all generations want and what each generation prefers when it comes to employee benefits. #employeebenefits #Principal_employee

🚀 Gen Z is reshaping the employee benefits landscape! 🌟 As this dynamic generation takes center stage, their needs and values are transforming the workplace. They already make up 25% of the U.S. population, and by 2030, they'll comprise a whopping 30% of the workforce. 📊 To stay ahead of the game, employers are reimagining benefits to align with Gen Z's aspirations. Discover the top 5 benefits they crave. #GenZ #futureofwork #employeebenefits