SRKA - SHRM Racine and Kenosha Area Chapter’s Post

Discover the secret to unlocking organizational prosperity in 2024! Our new blog dives deep into the power of comprehensive Financial Wellness programs for your team. Prioritize financial health and reap the rewards of enhanced employee satisfaction, productivity, and company success. READ HERE - https://lnkd.in/eGZXhsfY #FinancialWellness #EmployeeWellBeing #HRLeadership #WorkplaceEmpowerment #FutureOfWork #EmployeeWellness

Employee expectations have shifted as they navigate a new way of living and working. Employers must enhance their total reward strategies to deliver better flexibility, financial security, and wellbeing — all to help their workforces thrive. Dive into our research to learn more, and let's talk about how to satisfy your employee's expectations.

This morning I delved into MetLife's comprehensive employee benefits trend study and found striking parallels with the employment landscape in Kenya. The study underscores the significance of employee well-being, highlighting six key elements that underscore wellbeing: 1. Compensation 2. Flexibility/work-life balance 3. Purpose 4. Professional growth and training 5. Social and supportive culture 6. Wellness programs/benefits - (Our Specialty at Afya Athletic) Notably, the report reveals that 86% of employees satisfied with five or more of these elements perceive that they are genuinely cared for by their employers. In contrast, only 31% of employees content with fewer than three elements feel cared for and valued. I also found interesting that the study illuminates critical "moments" in the employment experience where employer support profoundly impacts employees' sense of being valued and cared for. These moments range from significant life events like the loss of a loved one to seemingly mundane occurrences such as welcoming a new pet into the family. I'm eager to delve deeper into the report's insights and share additional findings. You can access the full report below for a more comprehensive understanding of these trends. https://lnkd.in/dsCQctbW

Would you like a deeper understanding of how business and cost pressures will drive the need for more evidence-based benefits strategies? Then join Matthew Gregson (Executive Director, Howden Employee Benefits & Wellbeing) and John Heatley (Director, Howden Employee Benefits & Wellbeing) for their Masterclass at REBA Wellbeing Congress on 20 June. They will get behind the latest Benefits Design research and uncover: ✅ Major trends, insights and key findings ✅ What internal and external factors are creating the most pressure on benefits programmes ✅ The changes employers have made in the last 12 months, where that leaves their programmes and what success they are achieving ✅ What most employers are planning for the next 12-24 months and what barriers are preventing that change Secure your place today: bit.ly/rebawellbeing2024 #rebawellbeing #employeebenefits #rewardstrategy #benefitsdesign

40% of job turnover is due to stress*. Financial stress is the number #1 stressor for employees. You do the math. I'm excited to join William Peng to unpack "why" behind Financial Wellness, which I believe is the one of highest ROI ancillary benefits employers in any industry can offer their employees. Tag an HR/Benefits leader looking for more ROI from their benefits spend! #fixhealthcare *Umass Lowell. “Financial Costs of Job Stress.” 2019.

Financial Wellness programs are in high demand currently. Excited to share an upcoming webinar featuring William Peng and Brandon Weber that promises to be insightful. #FinancialWellness #Webinar #fixhealthcare

Many employers recognize the importance of financial wellness, but not all offer programs. Closing this gap can boost employee satisfaction. Provide the resources your team needs to thrive financially. #EmployeeEngagement #FinancialWellness

So many organizations are pushing for a one size fits all approach, when it comes to employee benefits. The general thought is that the cost savings are way more significant and employees will be “just fine” with whatever coverage they receive. Uh uh uhhh… Now would be a great time to reconsider this approach, as today's employees are confidently voicing their diverse needs and becoming more intentional in demanding benefits that: ✅ Help safeguard their wellbeing; ✅ Allow them access to work-life balance; ✅ Enable them to plan financial futures for themselves and their families. To better understand the offerings that work best for your organization and its employees, by all means: 💡Conduct a market research; 💡Administer a pulse survey; 💡Review the benefits’ utilization rates, and; 💡Keep an eye on your budget. Even so, never ever turn a blind eye to the fact that a fair employee benefits package is key to: 🔑 Attracting and retaining talent; 🔑 Reducing absenteeism; 🔑 Increasing engagement; 🔑 Boosting productivity, and; 🔑 Driving profitability. It's time to tap into these mutual gains and watch our teams flourish.🌱 #employeebenefits #employerbranding #wellness #wellbeing #productivity #profitability #mutualgains

Many employers recognize the importance of financial wellness, but not all offer programs. Closing this gap can boost employee satisfaction. Provide the resources your team needs to thrive financially. #EmployeeEngagement #FinancialWellness

If companies don’t see the value in looking after their people for the sake of better outcomes, maybe senior leaders will grasp the idea when they realise that ignoring employee wellbeing can end up costing the business more in the long run.