As a benefits leader, you’re in the business of expecting the best from people. But, as the saying goes: Expect the best, and prepare for the worst. During benefits buying season, that means getting prepared for the rock would-be point solutions vendors don’t want you to look under: where they have conflicts of interest with […]
The trouble facing Americas’ (disproportionately female) caregivers is in the news: From careworker shortages to the rise of workers who support both children and aging parents. And that spells trouble for their employers: Lower retention and productivity, as well as DEI setbacks. Employers have increasingly stepped up to the plate with solutions like remote work […]
Key takeaways: The federal watchdog for financial products has put the market on notice. It will aggressively use an increasingly central weapon in its arsenal: The ability to punish practices that are “abusive.” Further, states can also bring enforcement actions using the abusive practices authority. The abusiveness legal standard is very broad. It adds risk […]
The paradigm shift is already here: Inflation, rising interest rates, and a possible recession. For employers, these require decisive action to ensure that employee benefits remain competitive, relevant–and delivering ROI. In fact, 95% of business and HR leaders who responded to The Future of Benefits Report 2023 are recalibrating their benefits strategy this year. What’s […]
Key takeways The longstanding practice of weekly or biweekly payrolls is giving way to a new normal: daily pay. Growth was slow and then fast. It is underappreciated how fast this change is coming for frontline workers. The periodic paycheck is unraveling due to new technology, employer awareness, and widespread financial stress. This change has […]
This article was originally published in HR Daily Advisor on May 10, 2023. Key takeaways Bank junk fees are essentially a tax that transfers from your employees’ paychecks directly into the banks’ pockets. Employers are particularly well positioned to fight back on banking junk fees: Offer a free, no surprises bank account Pre-empt payday loans and […]
Learn how employers can improve their bottom line by helping employees improve their credit scores with Financial Care and holistic financial wellbeing programs like Brightside.