Do your employees have access to the financial help they need? Over half of employees find dealing with personal finances stressful, and those who are struggling financially report significantly higher stress than other workers. When you help your employees by offering a financial wellness program that provides financial education and assistance, everyone wins. You get [...]
Paid vacation time, 401k plans, and other traditional benefits are great – but student loan repayment benefits are becoming the hot, new benefits trend. As you’ll see in our infographic, 5 Shocking Facts About Employee Financial Stress and How It Is Impacting Your Business, 37% of Millennial employees have student loan debt, and that percentage [...]
This statistic should scare you a little: 62% of employees say they would go to another company based on benefits, according to PwC’s 2018 Employee Financial Wellness Survey results. That means well over half of your employees would leave your company for another job with better benefits alone. Why have benefits become so important to [...]
We all likely remember the changes that were to apply to the income limits for identifying salary-exempt employees and the impact these were going to have on wages paid to some salaried employees. These changes were finalized by the Obama administration back in 2016 and would have raised the minimum salary for exemption from $23,600 [...]
That’s right. Integrity Data doesn’t just offer HooPayz as a valuable healthcare advocate for our clients, we use it too! And we were really excited to see how much time and money our own employees saved. Healthcare costs have skyrocketed and navigating the healthcare system has become increasingly complicated and time-consuming. Employees can spend hours [...]
Financial uncertainty impacts over half of your employees. What you may not realize is that this struggle is also damaging your business. People who struggle financially have more stress and tend to be ill more often. They miss more work and are less engaged and productive. Employer healthcare costs in 2019 are already going up; [...]
The Tax Cuts and Jobs Act (TCJA) - passed in December of 2017 - still has payroll professionals on edge as they continue to wait for the IRS to finalize the calculation for withholding federal tax from employees. The TCJA made significant changes to how federal tax is calculated for individual taxpayers. In addition, many [...]
By Patrick Doolin, CEO If your business is struggling to find and retain talented employees, focusing on Employee Experience might be the new key to success. I recently read an article from Forbes called “2018 Will Be The Year of Employee Experience,” by Denise Lee Yohn, which defines Employee Experience (EX) and emphasizes why it’s [...]
It’s no secret that managing your finances is challenging. What many employers are beginning to realize, however, is that financial stress doesn’t just harm employees. It hurts their business, too. A 2017 report on optimizing financial wellness programs showed that those with low financial wellness and high financial stress cost their employers directly. These costs [...]
Are you an Applicable Large Employer that is required to comply with the Affordable Care Act? In addition to the benefits of getting your employee ACA reporting for the IRS (1095-Cs) done before the busy W-2 season begins, there is now another great reason to get started early on your year-end ACA activities: the US [...]