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Health and Retirement Remain Top Benefits for Boomers to Gen Z
You’ve no doubt seen dozens of articles claiming to find clear distinctions between baby boomers, millennials, Generation X and Generation Z when it comes to traits like family values, work expectations and buying habits. With all these differences, you could easily assume each group has drastically different desires when it comes to their benefits packages […]
IRS Eases Restrictions on Midyear Employee Health Plan Changes
In response to recent events, the Internal Revenue Service has issued guidance on relaxed restrictions for midyear employee health plan changes, giving employers the choice to open certain plan choices. The new guidance applies to “cafeteria plans” under Section 125 of the Internal Revenue Code – that is, employer-sponsored health coverage, health flexible spending arrangements […]
What the CARES Act Could Mean for Your Organization
This blog was originally published on March 30, 2020. On June 5, President Trump signed H.R. 7010 into law and this blog has been updated accordingly. Part of Paycom’s job – especially in the thick of the current COVID-19 situation – is to keep you informed about new legislation with direct impact on employers. The […]
How to Avoid Summer PTO Pitfalls
Summer means sunny weather, longer days, exciting vacations … and can mean checked-out employees. Wait one (very hot) minute? Sure, your employees might be distracted by thoughts of sandy shores or how to keep their kids busy between summer camps, but with the right communication, the season doesn’t have to be a drain on productivity. […]
On the Money: Making the Case for Financial Wellness Programs at Your Business
Demand for financial wellness programs in the workplace is unlikely to drop to a zero balance soon, given that 64% of today’s employees are paying off student loans; with 54% of them stressed about finances in general, according to PricewaterhouseCoopers. Furthermore, research by Prudential found the number of employers offering such programs jumped 63% in […]
Money Matters: How EAPs Help Employees with Financial Stress
They say money isn’t everything. But try telling that to someone who’s having financial difficulties. For them, it can seem like the end of the world. It’s distracting, stressful and can lead to feelings of utter hopelessness. Inevitably, we all face financial uncertainty in our lifetimes. In fact, recent data shows an overwhelming majority of […]
Don’t Miss Out on the Value of Your EAP Reports
According to the Society for Human Resource Management, 62% of employers outsource their Employee Assistance Program (EAP). Even if you use an external service for your EAP, the reality is your HR department still serves as the liaison between your employees and that provider. A key part of that role includes interpreting the results of […]
Your Solution for Employee Holiday Stress: EAP
The holiday season can be full of highs and lows: Finding and buying the perfect gift for those you love – but also, added financial anxiety. Finding ways to relax during time off – but despite our best efforts, thoughts of the looming backlog of work. Parties to throw and attend – and the continual […]
Commitment Issues: How EAPs Can Benefit Employees’ New Year’s Resolutions
Lose weight, quit smoking, eat healthier, save money: Any of those ring a bell? According to Statista, over 30% of Americans had one or more of these aspirations on their New Year’s resolution list. Unfortunately, even the most well-thought-out New Year’s resolutions usually don’t come to fruition. In fact, almost half are broken by the […]
How to Remove the Stigma of Utilizing an EAP
You don’t know me, but I’m gonna get real here: Several years ago, I faced the Absolute Worst Time in My Life. While such things never operate on a convenient schedule, this one arrived at a most inopportune time: shortly after I began a new job. The circumstances in my personal life were so enormous, […]
The Human Side of Business: Making the Case for an EAP
The employer-employee relationship is just that — a relationship. And relationships come with certain expectations, even in the business world. Employees want to feel they’re being taken care of. After all, they’ve committed themselves and proven their worth to you. That’s why you hired them. In exchange for their commitment, they expect to be paid […]
Student-Loan Matching: Considerations for Your Business
College tuition is a bigger strain on the bank account than it used to be, and recent graduates know this all too well. In fact, student loan debt has escalated to new heights, with 44 million people owing more than $1.5 trillion. For the ever-ballooning generation of millennials feeling this financial burden, that’s a lot […]