With today’s tight labor market, employers are turning over any stone they come across to find the next benefit program that allows them to attract and retain employees. Remote working and flexible work environments do not have the same enticing properties that they did even a few short years ago since these programs are now becoming an expected benefit by many employees rather than a perk.
With the unemployment rate at a record low, employers are looking for new ways to stand out. Employee well-being is at the top of the list. According to ASE’s Workplace Flexibility Survey, it is not uncommon for organizations to offer flexible hours (83%) or telecommuting (62%) options to their staff, but only 23% of Michigan employers offer compressed workweeks. Could this be changing soon?
Michigan employers are offering severance benefits to more employees at all levels. ASE’s recently released 2019 Severance Pay, Policy, and Practices Survey reports increased eligibility in benefit offerings to all employee groups. Employees in technician roles saw the largest increase in their eligibility for severance benefits at 11%.
How does your organization’s healthcare benefits compare to other Michigan employers? Find out with ASE’s recently released 2019 Healthcare Insurance Benefits Survey. The annual survey examines the premiums, deductibles, and co-pays of employer-sponsored health plans as well as wellness benefits and cost control strategies.
Up to 20% of employee turnover occurs within the first 45 days of employment, according to research by O.C. Tanner. In addition, according to McLean & Company’s 2018 HR Trends report, only 37% of HR professionals rate their onboarding efforts as effective.
Michigan is the first Midwestern state to legalize the use of recreational marijuana by a vote of 56% to 44%. What does that mean for Michigan employers? The preliminary data from ASE’s Drug Testing and Marijuana Legalization Survey provides insight into employers’ first thoughts on where their policies and practices currently stand and what changes, if any, they are considering.
The results are in for ASE’s 2018 Healthcare Insurance Benefits Survey. A total of 215 organizations participated in the latest study, which examines the premiums, deductibles, and co-pays for employer-sponsored health plans across Michigan. Highlights from the survey are listed below:
The 4th of July holiday has come and gone, and summer is officially in full swing. Now is often an ideal time to take a step back from the office and take advantage of one of the most important benefits in the workplace: vacation time. Although disconnecting from the daily grind is beneficial, many employees today never get the chance.
There are thousands of benchmark surveys available to both employers and their employees that can be utilized when making compensation and benefit decisions. As an employer, choosing the right survey(s) may not always be easy or straightforward. So how do you know which survey is right for you?
In today’s society, the right talent is hard to find. When searching for the best candidate for a complex position, compensation is key to attracting the level of talent you need. Having a market-based compensation program is one way to ensure that a company remains competitive. The following seven steps will provide an overview for creating such a program within an organization.
A recent survey from the American Society of Employers (ASE) revealed that small employers are less likely to adopt critical pay administration practices like pay structures or written compensation philosophy statements. By not embracing these compensation systems they are putting themselves at greater risk of employee attraction and retention issues.
Do you worry about hiring the right people? Do you worry about retaining and engaging your current workforce? All in an effort to drive business performance? Maybe it is time to look at your organization’s pay equity.
My apologies to President Kennedy for misquoting his inaugural speech given fifty six years ago this month, “My fellow HR professionals: ask not what your survey data can do for you – ask what you can do for your survey data.”
Victor Park West
19575 Victor Parkway, Suite 100
Livonia, MI 48152