The future of work is here, and that problematic skills gap that Human Resources professionals often talk about as being a far away challenge must be addressed now. Generative artificial intelligence (AI) is threatening to replace humans at work. IBM has already paused hiring in some divisions to determine whether jobs can be completed by AI rather than people. "We've been saying [...]
Are you the type of person who loves to save money? You’ll be happy to know that there’s a way to do so with your health care costs. It starts with medical expense accounts which let you set aside money to pay for certain health products and services. One type of medical expense account is [...]
Total rewards packages refer to the compensation and benefits plans that companies offer. This phrase, however, extends beyond mere salary or wages and traditional benefits, like health insurance, to provide both recruits and employees with a rundown of what makes the employer special. Some in Human Resources might regard the total rewards package as the [...]
Healthcare costs, and consequently employee health benefit costs, have been growing at an alarming rate in recent years. The U.S. as a nation spends more on health care than any other developed country but has worse health outcomes. How is this possible? Four Key Factors Driving U.S. Healthcare Costs: Aging Population Healthcare gets more expensive [...]
Employee engagement is a top priority of HR professionals, according to the most recent State of HR survey. But staying connected with remote employees, who may be in different geographies and time zones can be even more challenging. So, HR Exchange Network posted a question on Terkel.io asking for solutions to this problem. Here are the responses: Check [...]
When we see the recent onslaught of news about Medicaid redeterminations (aka “the unwinding of Medicaid”), we might automatically relate it to individuals and not necessarily realize that some employees might have declined their company’s benefits and enrolled in Medicaid during the pandemic.Medicaid is a joint federal and state program that provides medical insurance coverage [...]
At a time when many companies are trying to "do more with less," employees are feeling overworked and underappreciated. To remedy this problem, Human Resources can help organizations foster robust rewards programs. When budgets are tight, bonuses might not be possible. Recently, however, HR Exchange Network asked users of Terkel.io to share their suggestions for rewards, and they offered [...]
Volunteers make an immeasurable difference in people's lives and often serve with the intention of helping others. But, did you know that volunteering can benefit your mental health as well? While it’s true that the more you volunteer, the more benefits you’ll experience, volunteering doesn’t have to involve a long-term commitment or take a huge [...]
A Lifestyle Spending Account (LSA) offers employers an opportunity to help fund health and wellness costs that a traditional group health plan won’t cover. LSAs are often used as perks to attract and retain quality employees and could be a desirable piece of the employee benefits puzzle. What Is a Lifestyle Spending Account? A Lifestyle [...]
The future of work is here. First, advances in technology are changing the way people work and require additional training. Second, employees have different expectations of employers and that is influencing leadership, policies, and the type of work people do. Let's not forget the decisions regarding remote work, hybrid work, and all in-person work. So, [...]
