Deanna Nesbit & Associates’ Post

Staples did a survey of their US workers and concluded that 62% of employees would accept a lower salary in exchange for better benefits. However, that was dependent on demographics. Employees with families were zoned in on better benefits and more work/life balance. Single employees still preferred a better salary. But benefits are a key element in employee retention. According to a survey last fall conducted by a large HR software company, more than half of employees said they would stay with their current company because of benefits. The valued benefits by employees? In addition to the core benefits (health insurance, paid time off, vision/dental, retirement, life insurance and short/long term disability - source Zenefits), people are seeking remote work options, flexible hours, professional development and fitness/ wellness programs. According to an article by Forbes Advisor, 30% of 18-41-year-olds are loving pet insurance. So what should you offer to entice the best employees? Look at the demographics of the people you are seeking to draw to your company. Consider polling or conducting a focus groups of current employees and executives to understand what benefits are most valued. Consider industry standards and benchmarks. Assess your company’s budget and financial capabilities. Additionally, you can consult with HR professionals or benefits specialists to understand legal requirements and best practices. I’m burying the lead here, but I hope you’re still with me. Perhaps one of the most critical practices you can take to attract top candidates is to share your benefits package during the interview process. Often employers wait until the on-boarding process to have this discussion. But if you have a great benefits package, flaunt it! It can be a great tool to attract the best and the brightest. ------------ Deanna Nesbit & Associates is a certified woman-owned business that provides executive-level recruiting and HR services. With over 30 years of experience in various industries, Deanna is skilled at matching top talent with top companies.

"78% [of employees] report increased job satisfaction after receiving a meaningful gift from their employer, highlighting the important role of gift-giving in fostering gratitude, appreciation and positive business relationships." We know employee gifting goes beyond a simple token of appreciation. It's a way to sustain positive company relationships and consistently lets workers know they are seen, and their happiness is valued. Are your employee gifts meaningful? #EmployeeAppreciation #Gifting #CorporateGifting #LuxuryGifting #AdministrativeProfessionalsDay #Leadership https://lnkd.in/gEn7pkk2

#Spotlight! MetLife's study spotlights the crucial role of Generation Z in reshaping benefits engagement. Gen Z seeks a personalized, year-round benefits experience, challenging traditional communication models. 68% of Gen Z employees expect ongoing post-benefit enrollment communication. Half of today's Gen Z employees feel disconnected from benefits communications. 63% desire more personalized recommendations.   #MetLife #EmployeeBenefits #FutureOfWork #WorkplaceWellness “As employers across the U.S. plan their benefits strategies for the year, it’s vital for them to recognize the unique preferences of each generation,” said @Jamie Madden, Senior Vice President of Workforce Engagement and Benefits Connectivity at #MetLife. “Gen Z, in particular, is setting the stage for what a positive employee experience looks like, and by keeping their standards top of mind, employers can better serve the needs of their entire workforce.” https://lnkd.in/g2Z2ZeGA

How do you keep benefits relevant for your employees?... When was the last time you looked at the details of your #employeebenefits package and asked your employees what matters most to them? Costs are continuing to rise, which can make it difficult to offer your employees what you'd like to. At #Insperity we make it a no-brainer with our unique way of making Fortune 500 Level benefits available to our SMBs. Now is the best time to take out the magnifying glass and compare! #employeeretention #hiring #medicalbenefits

MetLife SVP of Workforce Engagement and Benefits Connectivity Jamie Madden expands on engaging a multigenerational workforce: “Gen Z, in particular, is setting the stage for what a positive employee experience looks like, and by keeping their standards top of mind, employers can better serve the needs of their entire workforce.” #genz #employeeengagement #employeeexperience

Cost, cost, cost...retention, retention, retention...Employee benefits is one of the best ways to attract new talent and retain existing expertise, but cost are always a factor. It is time to get fresh eyes on your employee benefits. 1 in 4 of more than 700 surveyed employers had made enhancements to their benefits programs in the past two years, and more than two-thirds stated that they will be incorporating benefits improvements into their plans for the coming year to boost attraction and retention and better meet employee needs. ⤵️ #employeebenefits #benefitsstrategy

I'm thrilled to share some thought-provoking perspectives from my friend and colleague, Matthew Legere, SVP at Brown & Brown. His recent talk highlighted the critical importance of empathy and adaptability in designing employee benefits. Matt underlines the need for benefits that truly resonate with the diverse needs and life situations of our workforce. Key Takeaways: 1) Empathy in Benefits Design: Legere emphasizes the need for employers to consider the diverse and complex life situations of employees when crafting benefits packages, advocating for policies that make employees feel valued and heard. 2) Adaptive and Inclusive Strategies: Matt highlights the importance of adapting benefits to changing cultural climates and employee demographics, ensuring that the benefits remain relevant and inclusive of diverse needs and identities. 3) Effective Communication and Engagement: Legere advises using inclusive language in HR communications and strategically aligning benefit plans with the real needs and values of employees, thereby enhancing engagement and satisfaction. https://lnkd.in/eaYryQyY

There is a 22 percentage-point gap between employers' perceptions of employee satisfaction with benefits and employees' self-reported satisfaction. https://buff.ly/45oluM3 #humanresources #backgroundcheck #hiring #drugtesting #tenantscreening #propertymanagment #tenant

Lifestyle benefits for the modern workforce. The war on talent has had a tremendous impact on lifestyle benefits in 2023, requiring employers to get creative and adjust their offerings to meet the needs of their diverse workforce and talent pool. A recent study by Alegeus found that only 29% of employees say their employer perks are fully aligned with their lifestyle. The same survey found that food was one of the top employee retention perks! Looking to get creative with your benefit offerings to retain talent? Check out our Corporate Program -> https://lnkd.in/e6VRH6Z4

How can we make sure that our employee benefits program stays competitive? First we need to #understand #employee #needs so regularly we will assess our employees’ preferences and gather feedback to identify gaps in our benefits offerings. Also we need to use our budget wisely and that through #balancing #cost-#effectiveness with the value provided by benefits. Another very important note from my point of view is: designing with Experts; we need to collaborate with HR professionals to design a comprehensive program. Tailor benefits to accommodate different demographics and life stages and finally evaluate and adapt