Benefits

Making Work Work for Women

Facing unique circumstances, employers are offering additional support to retain female employees.

By Marta Chmielowicz

The events of 2020 have been challenging for most, with lockdowns, school closures, and the switch to remote blurring the boundaries between work and home like never before. Women in particular have been impacted, often responsible for shouldering a large share of childcare, household labor, and homeschooling on top of a full day of work.

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The Road Ahead

A look at the projected 2021 forecast for key HR service market segments.

By Pete Tiliakos, Liz Rennie, and Nikki Edwards

Each year, NelsonHall takes a look at the activity of the HR services market to compile the top trends and predict a future outlook for the coming year. 2020 was a year like no other and COVID-19 has had a large impact on all business processes.

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2021 HR and Benefits Trends

How You Can Get Ahead of the Curve

By Sanjiv Anand, President and Chief Executive Officer at bswift, a CVS Health Company

As 2021 approaches and operating virtually becomes increasingly prevalent, there are several trends that have been accelerated by the COVID-19 pandemic which we expect to continue to reshape the HR, benefits and consumer experience spaces over the next year. Here are a few we recommend employers and HR professionals consider when developing their benefits strategy to enhance the employee experience.

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A Community Focus

Strategies to keep corporate giving and volunteerism a business imperative in a virtual environment.

By Angela Harrell

Over the past year, the ramifications of COVID-19 have forced people across the U.S. into a new way of living. Even now that the first wave of the pandemic has ebbed, there are local communities that continue to suffer in unimaginable ways. In response, mid- to large-sized companies are bolstering their corporate giving efforts to aid their communities’ revival.

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Rolling into Open Enrollment

Annual benefits enrollment must undergo a shift to effectively embrace a work-from-home environment.

By Karen Frost and Kristie Marshiano

Annual enrollment is quickly approaching, and with nationwide shutdowns being reinstated and most of the workforce at home, it’s no surprise that this year’s enrollment will look different than usual. COVID-19 has caused a shift in employer plans and priorities, triggering many to reevaluate their approach to ensure it can be executed successfully in a time when most everything requires virtual or socially distanced settings.

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Expanded Offerings

New research finds an increase in the desire and delivery of financial well-being benefits.

By Tom Kelly

In this pandemic economy, corporate budgets are being squeezed. But the need to provide both competitive benefit programs and cost-effective solutions is more important than ever. In response to COVID-19, many employers are looking to add benefits that can support emerging employee needs or fill gaps in current offerings.

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Enabling Leave

COVID-19 has brought a new perspective to paid family and medical leave.

By Jamie Kalamarides

Eleven years ago, America began its slow but steady recovery from the Great Recession. By 2018, the economy was on track to surpass the 1991–2001 boom as the longest on record. 2020 began with an unemployment rate of 3.6 percent, and on January 31, the CDC’s total number of reported novel coronavirus infections in the U.S. stood at two. Three months later, unemployment had skyrocketed to 14.7 percent, 23.1 million Americans were out of work, and reported cases of coronavirus in the U.S. had risen to 1.5 million.

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Mental Health Check

New research shows the advantages of offering well-being benefits to the multigenerational workforce.

By Wendy Edgar

The rise of the multigenerational workforce brings a variety of opportunities for organizations and employees alike, especially when it comes to benefits offerings. What’s more, amid the current COVID-19 pandemic, people are looking to their companies for tools and resources to support their lives both inside and outside of work.

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Peaceful State of Mind

Embracing mindfulness training in the workplace can reduce stress, increase collaboration, and improve focus.

By Tara Antonipillai

Stress is unfortunately a part of everyday life, and the current uncertainty only makes it more present. The American Psychological Association polls Americans each year on their stress levels and what causes them. In 2019, as in prior years, work was at the top of the list, with 60 percent of those polled reporting that work causes high levels of stress.

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The World of Benefits

benefits

Organizations are expanding the scope of their benefits offerings to attract and retain top talent.

By Marta Chmielowicz

Faced with increased competition for talent and a diverse labor pool, organizations are pressured to provide benefits programs that meet the needs of all their workers. While health and retirement benefits are still the norm, SHRM’s 2019 Employee Benefits survey reveals that today’s top employers are moving beyond standard offerings in order to attract and retain a competitive workforce.

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