Category Archives: Employee Wellbeing

Roth 401(k) Contributions: Gaining Popularity, Looking to increase Tax Diversification

elderly gentleman assisting steadying a little girl riding her bicycle

As concerns about employee financial well-being and retirement readiness continue to grow, 401(k) plan sponsors are adding a key feature to their 401(k) plans that provides some flexibility to savers: the option for Roth 401(k) contributions. Roth 401(k) contributions turn … Continue reading →

Building diversity and inclusion in the construction industry

aerial view of construction equipment

Why is diversity and inclusion so important to my business? For many executives, the question is increasingly top of mind. It’s also one that’s not easily answered. Companies are navigating the issue and while expectations of diverse workforces is not … Continue reading →

Don’t miss the EEOC’s March 31 data deadline

close up of the hand of a person in a suit holding a pen while reviewing documents

It may have been off everyone’s radar for awhile, but the EEO-1 report is back. And it’s due by the end of March. As reported in 2016, the Equal Employment Opportunity Commission (EEOC) announced final changes to amend the annual … Continue reading →

Now is the time to tackle financial well-being

Steve Nyce, Ph.D., senior economist and director of the Research and Innovation Center at Willis Towers Watson

Financial well-being has become a hot topic for employers recently. And for good reason. Our research shows that employee financial satisfaction declined significantly across many countries in 2017 — after several years of improvement. And the impact is clear. Over … Continue reading →

New pay equity legislation: Five resolutions to help ensure compliance

close up of a hand holding Canadian money

The Canadian government plans to move forward with federal pay equity legislation this year, a commitment Prime Minister Justin Trudeau made during a recent speech at the World Economic Forum in Davos, Switzerland. The impending legislation is long overdue. Pay … Continue reading →

Manager’s guide to annual salary reviews: 5 key steps

woman in a suit holding a document with bar graph chart, using her pen to point out figures to another woman

It’s salary review time. So, how can you help managers use their limited pay budgets to make meaningful base pay recommendations? Take these five factors into consideration: 1. The job’s worth (externally and internally): Managers should have a clear idea … Continue reading →

How to optimize your loyalty program: get personal

close up of hands holing a loyalty card in front of a laptop

Advanced modeling techniques can help loyalty program sponsors understand their members better and extract more long-term bang from investment and marketing bucks. Understanding member behaviors has always been important for loyalty program sponsors who focus on the estimation of associated … Continue reading →

The painful truth about your well-being programs

Steve Nyce, Ph.D., senior economist and director of the Research and Innovation Center at Willis Towers Watson

Employers seem to be aware of the need to tackle employees’ health and well-being, and are investing more in the programs to do so. U.S. companies have been leading the way by adding programs for much of the last two … Continue reading →

A Total Rewards lens can bring the new U.S. tax law into focus

woman looking through binoculars

Many, but not all, corporations are in the enviable position of determining how to spend expected savings created by the Tax Cuts and Jobs Act of 2017 (TCJA). There are any number of ways to do this, including, for example: … Continue reading →

3 steps for making employee benefits a year-round conversation

woman at a table in a colorful meeting room holding a pen and having a discussion with colleagues holding pens and tablets

If you’re like most HR professionals, you breathed a sigh of relief when annual enrollment ended. No more meetings, no more reviewing communication materials for nine months. Not so fast! Effective communication (that engages employees and helps them see the … Continue reading →