Tag: Benefits

The labor cost of an employee can be a significant portion of overall operating cost. Being a strategic business partner means knowing what that impact is.

Holistic Well-Being: Employee Benefits That Focus On The Whole Self

Holistic Well-Being: Employee Benefits That Focus On The Whole Self

Historically, employee benefit programs focused on comprehensive medical, dental, and vision programs. Employees believed the best programs had low premiums, covered a lot of services, and low cost of services at the providers. These benefit offerings matched our views on health. We focused on reactive health measures that address medical issues after they presented, not […]

Holiday Pay Might Be A Perk You’re Under Utilizing

Holiday Pay Might Be A Perk You’re Under Utilizing

Holiday pay is not mandated under the Fair Labor Standards Act (FLSA), even if the office is closed for the day. The federal law only mandates pay for time worked, which does not include holidays and vacations. But that doesn’t mean you shouldn’t consider offering paid holidays as a benefit. On average, companies in the […]

Why HR Metrics in Total Rewards is Important

Why HR Metrics in Total Rewards is Important

Labor costs can be the biggest expenditure for organizations. It’s easy to know how much your spending on pay, healthcare, retirement, and other benefits. Most finance teams look at those numbers monthly. But how do you know it’s money well spent? Are your employees even utilizing the benefits? Is there any money being lost?   […]

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