Over the past week, our consultants have provided insight into employee retention, financial literacy, and compensation plans.

Compensation

U.S., SHRM, Employers Budgeting for Retention in 2017

“Attracting and retaining top talent is increasingly critical, and organizations need to continue—or start—finding creative ways to do so,” said John Gentry, president of Xerox HR Services.

U.S., News Observer, UNC chancellors could reap financial rewards if campus goals met

Several options were presented to the board’s personnel and tenure committee Thursday by a representative of Buck Consultants, a firm hired to explore different types of compensation.

Financial Wellbeing

CA., Profitguide.com, Are Your Employees Financially Literate?

Indeed, a recent global report by Xerox HR Services found an increasing demand for financial literacy among employees. Of the employers surveyed, 92% said they offer retirement financial security and preparedness programs while 91% offer financial literacy and skills programs. These latter programs are the fastest growing, with 24% of respondents having them in place for just one year or less and another 39% for just the past two to five years.

Upcoming webinars

A Prescription for Better Financial Wellbeing

Thursday, December 8, 2016, 2:00 – 3:00 p.m. ET | 1:00 – 2:00 p.m. CT | 11:00 a.m. – 12:00 p.m. PT | 7:00 – 8:00 p.m. U.K.

There’s a new health issue hitting your workforce – one that’s directly impacting your organizational results: the poor financial health of your staff. Employees across industries and income levels are struggling financially, and are looking to their employers for help. So how do you implement an effective treatment and maintenance program?

Please join us for this session, as we address the symptoms and severity of poor financial health, offer up some effective treatments and discuss:

• Gauging the extent to which poor financial health is impacting your organization
• Identifying the primary drivers of poor financial health among your workforce
• Jump-starting your financial wellbeing program using solutions available today, as well as new approaches that will be available in the future

Complete the form to register.

Speakers

Lori Block Principal, Total Wellbeing Strategist, Engagement Practice Lori Block is a principal in our award-winning Engagement Practice, specializing in strategic planning and innovative solutions to address a wide array of HR, employee benefit, and compensation issues. A thought leader within the organization, Lori helps to guide the direction of its financial wellbeing consulting services and point solutions, overseeing a team of financial wellbeing “champions.” A frequent speaker, Lori was named a 2014 Most Influential Women in Benefit Advising by Employee Benefits Advisor.

Tonya Manning Chief Actuary and US Retirement Leader and Lecturer at Columbia University Tonya Manning is our Chief Actuary and US Retirement Leader. In this capacity, she provides strategic direction, guidance and support to staff on emerging trends, consulting topics, technical issues, professional standards and policies and procedures. She is also a lecturer for Columbia University’s Masters Program in Actuarial Science, where she developed and continues to teach their Pension course. Tonya has expertise in retirement plan design, governance, compliance and risk management and frequently serves as a speaker at conferences and seminars to both peers and plan sponsors.

Sandy Pappa Principal, Wealth Practice Sandy Pappa is a Principal in our award-winning Wealth Practice. Her chief focus is on helping clients align their retirement program with their overall workforce and business strategy while maintaining an administratively and operationally compliant program.

Understanding Health Benefits Issues For Low Wage Workers

Monday, December 12, 2016, 12:00 – 1:00 p.m. ET | 11:00 – 12:00 p.m. CT |9:00 – 10:00 a.m. PT

Balancing the high cost of benefits with efforts to maintain a healthy and productive workforce is undeniably challenging. Employer cost-shifting has contributed to substantial differences in healthcare utilization patterns among employees in different wage categories. In particular, low wage workers, which comprise about half of the US adult workforce, are at a significant disadvantage due to high out-of-pocket costs for accessing healthcare. Yet this same group is known to have the highest prevalence of health risks and chronic diseases.

Join us as we share findings from our original research that will equip you to make more cost-effective benefit planning decisions for your employees and their families. In this interactive webinar, we’ll discuss:

• How employees in different wage groups use healthcare
• The implications of our findings relative to healthcare costs, employee health status, and work performance, particularly for low wage workers
• Ways you can generate more value from your current benefits offerings to better support the low wage workforce

Complete the form to register.

Speaker

Bruce Sherman, MD Medical Director, Population Health Management, Health Exchange Solutions As a physician, Bruce is particularly experienced in workforce health management strategies and has served in consulting corporate medical director roles with Goodyear, Whirlpool and Walmart. He currently provides strategic guidance for the RightOpt® private exchange clinical offerings as well as data analytics and reporting, with a focus on data-driven, innovative strategic benefits planning.