Tag Archives: Employee Benefits

Roth 401(k) contributions are gaining popularity among those 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 →

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 →

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 →

Behavioral economics: A powerful way to influence employee health and wellbeing

man sitting on a balance ball at a table typing on a laptop

Gaining a deeper understanding of human behavior – and using that understanding effectively – will help us influence people to make better decisions about their health. Professor Richard Thaler, a recent recipient of the Nobel Prize, sought to prove this … Continue reading →

How companies can prepare for changing family leave requirements

woman working on laptp at a desk with a baby on her lap

The current patchwork of state mandates present a challenge for employers striving to treat their multi-located workforce consistently where leave is concerned. Policies can be inconsistent from state to state, presenting a conundrum for organizations with employees in multiple states. … Continue reading →

What could the end of DACA mean for your employees’ health and welfare benefits?

DACA employee benefits

If President Trump’s decision to rescind the Deferred Action for Childhood Arrivals (DACA) takes effect, it’s likely that thousands of undocumented workers will lose their work permits and protected status under the program established by President Obama’s executive order. Businesses … Continue reading →