When’s Post

🎉 Big news, LinkedIn! When secured $4.6 million in seed funding to continue their mission: transforming the employee offboarding experience. With U.S. layoffs hitting a 14-year high in 2023 (excluding 2020), their work has never been more crucial. When is proud to be leading the charge in redefining the employee exit process to benefit both employees and employers. They’re reimagining severance packages, integrating personalized support, and leveraging AI to unlock better health insurance options for departing employees. With the support of their investors, When can continue to provide exiting employees with the resources they need to thrive, while helping employers reduce costs and risk associated with COBRA. A shout out to Aaron Weitzman for writing a fantastic article about this (link to the article can be found in the Comments section). I also want to celebrate the continued support from When's investors at TTV Capital, Joyance Partners, Alumni Ventures, Network Ventures, B Capital and Enfield Capital, LLC, Research Division for believing in our vision. At When, they believe last impressions leave lasting impressions and that couldn’t be more true. I’m thrilled to be along for the ride as their advisor and Fractional CPO. #startups #growth #humanreources #benefits #offboarding #advisor #fractional

Are you looking to attract and retain top talents for your start-up or small business? Look no further than these 10 must-have employee benefits that can give you a competitive edge! 💪 From comprehensive health coverage to generous paid time off, these benefits not only keep your team happy and healthy, but also demonstrate your commitment to their well-being. 🌟 Offering perks like professional development opportunities, flexible schedules, and retirement planning support can truly set your organization apart from competitors. Don't settle for a one-size-fits-all approach. Tailor your benefits package to the unique needs of your employees and watch productivity, loyalty, and job satisfaction soar. 📈 Invest in your people, and they'll invest in the success of your #business. Unlock the power of strategic employee benefits today. Your team deserves it, and most importantly your company's #future depends on it. 💼 Start from here: https://lnkd.in/eGbd-2EH #EmployeeBenefits #StartupLife #SmallBusiness #HRTips #startups

Successful change begins with a clear plan. In 2023, Joanna Evans, CFP® took an employer's benefits, HR, finance, and legal team on a 9-month journey to evaluate self-funding. The result was reducing their medical cost from +26% to +5% avoiding $2.3M in new costs. Now is the time to begin evaluating self-funding for your 2025 plan year. Learn more about this path by quarter and explore self-funding strategies for your organization by clicking on the link below. #selffunding #employeebenefits [Link to article] https://lnkd.in/gkCQ3Phv

There is a big gap in the small business succession paradigm. Employee ownership is the best option hands down. But if you are a small, rural business, you're out of luck. We're piloting a new model that seeks to provide liquidity to retiring owners, while transitioning small rural businesses to employee ownership. Thank you to Nicolle Richards, Catherine Toner, and Santhosh Ramdoss from Gary Community Ventures for supporting our pilot. #employeeownership #silvertsunami #smallexit #smallbusiness #ruralbusiness #colorado

🚀Startups and the murkiness of employee equity.⚠️ Ever noticed how sometimes, important details about what the equity you're being offered is really worth are left out? 🤔 Too often, I come across offers that lack clarity; they don't disclose percentage ownership or the total number of outstanding shares. Remember, you're 💯% entitled to this information. 🔍Ask the questions that matter!

𝐑𝐄𝐂𝐄𝐍𝐓 𝐋𝐀𝐘𝐎𝐅𝐅𝐬 Health-tech startup #Healthify has laid off 150 employees, or 27% of its workforce, reports Inc42. Health-care startup #PristynCare laid off 120 employees, Financial Express reports. The move impacted less than 7% of its 1,700 employees across the entry-level and support functions. #Paytm laid off over 1,400 employees, reports Business Standard. #SpiceJet reduced 15% of its workforce to reduce the company's costs. 𝐋𝐄𝐀𝐑𝐍𝐈𝐍𝐆𝐒 𝐅𝐑𝐎𝐌 𝐋𝐀𝐘𝐎𝐅𝐅𝐬 1. Never increase your liabilities too much 2. Always have a plan-B 3. Keep on upgrading your personal skill-sets 4. Learn from other's mistakes 5. Learn to grow your money rather than spend unnecessarily 6. Don't trade-off your gut health with acquiring more stress in your job

Are traditional employee benefits cutting it anymore? Or is a more personalised, decentralised, and technologically-advanced approach needed? Exciting developments in the Insurtech industry suggest an intersection with FinTech and HR that could revolutionise benefits, work culture, and employee satisfaction. Find out more in my latest article titled, "Revolutionising Employee Benefits: Is Insurtech the Future of FinTech and Human Resources?". https://UKT.news/?p=12384 This insightful piece features Ben, a trailblazing London-based startup founded by David Duckworth and Sebastian Fallert. Ben's innovative platform is set to redefine employee benefits by integrating cutting-edge FinTech and Insurtech practices. With a mission to make benefits work for everyone, everywhere – Ben’s secret lies in marrying modern SaaS platform with per-employee Mastercards and financial infrastructure. Offering unparalleled employee choice to hundreds of additional benefits options, Ben is set to shape the future of employee compensation. #FinTech #InsurTech #HR #EmployeeBenefits #Startups #London #Innovation #Technology #Ben #ThanksBen

Are you looking to attract and retain top talents for your start-up or small business? Look no further than these 10 must-have employee benefits that can give you a competitive edge! 💪 From comprehensive health coverage to generous paid time off, these benefits not only keep your team happy and healthy, but also demonstrate your commitment to their well-being. 🌟 Offering perks like professional development opportunities, flexible schedules, and retirement planning support can truly set your organization apart from competitors. Don't settle for a one-size-fits-all approach. Tailor your benefits package to the unique needs of your employees and watch productivity, loyalty, and job satisfaction soar. 📈 Invest in your people, and they'll invest in the success of your #business. Unlock the power of strategic employee benefits today. Your team deserves it, and most importantly your company's #future depends on it. 💼 Start from here: https://lnkd.in/eGbd-2EH #EmployeeBenefits #StartupLife #SmallBusiness #HRTips #startups #ceo

Annual benefits enrollment is right around the corner. Renewal notices will arrive soon and will likely include significant price increases for 2025. Burkland is here to help guide you through this process and find the options that both fit your budget and meet your employees’ needs. Our services include: ▶ Cost/benefit analysis of plan options ▶ Negotiating with plan providers ▶ Detailed compliance audits ▶ Employee education sessions ▶ Ongoing support for employee questions All for a fee that won’t break the bank. 👉 Get in touch to learn more about how we can make open enrollment easy and seamless for your team. https://lnkd.in/gRKpJ4V3 #startups #OpenEnrollment #EmployeeBenefits

In the early days of building, many Founders choose to offer equity to every employee. But when they start to scale, they are unsure when to stop… So when should equity stop being offered to every employee (if at all)? 🤔 Unfortunately, there's no simple rule of thumb to follow (unless your pool is running out... 😅). I wish it were as easy as saying: "When you hit 100 employees, transition to a different granting system"... But the inflection point differs for every company. It's important to change your granting system before it becomes a liability rather than an asset and negatively impacts the scheme’s ROI. One tell-tale sign could be that your equity-for-all system no longer has the same impact on candidate attraction and employee retention/engagement as it did in the earlier days. Perhaps you're often losing great junior candidates who are more motivated by your competitor's higher fixed salary than your equity-inclusive package. Without sounding like a salesperson, the best way to know if it's time for a change is by running an audit. And you may even find that changing your granting system isn't necessary - sometimes something as simple as introducing an additional equity education piece can boost engagement and ROI. But the takeaway here is to avoid rolling out a scheme, closing your eyes, and hoping for the best. What worked well at 0-20 employees may not be equally as motivating for your team of 100+ and that is normal. #EmployeeEquity #Scaleups #Startups #ESOPs