Benefits news you may have missed: June 1-5
10 strategies to improve employee mental health: HR executives and other corporate leaders have been stepping up in response to the current environment. So what are some of the best ways to provide mental health support to employees? Here’s what HR leaders and other industry experts had to say. Read more here.
How much workers can contribute to their HSA next year: The IRS recently announced that the annual limit on deductible contributions to a health savings account will jump by $50 for individuals and $100 for families next year. In 2021, the annual HSA contribution limit will rise to $3,600 for individuals in a high-deductible plan—up from $3,550 in 2020. Those with family plans will be able to stash up to $7,200 in 2021—up from $7,100 in 2020. Read more here.
Starbucks employees graduate using tuition benefit: Nearly 700 Starbucks employees graduated in May with a bachelor’s degree from Arizona State University with 100% of their tuition covered through Starbucks College Achievement Plan. The company virtually celebrated its largest graduating class to date, joining nearly 4,500 who have earned their degree through the program. The number is an indicator of success for a popular employee perk: tuition benefits. Read more here.
Loneliness hurting employee health: As COVID-19 prompts social distancing and remote work, it also exacerbates a problem that was already worsening for workers: loneliness. According to recent Cigna research—which surveyed 10,000 employees pre-COVID—61% of employees say they’re lonely, 58% say they feel like no one knows them well and 24% say their mental health is fair or poor. Now, Cigna researchers predict those figures will jump due to the pandemic, as employees continue to distance from family, friends and co-workers and deal with a number of new challenges. Read more here.
Edward Jones’ coronavirus strategy: Keeping employees (virtually) connected: Virtual meetings and coffee chats among the financial services firm’s tools to engage workers, CHRO Kristin Johnson says. Read more here.
Coronavirus resource spotlight: Alight’s return to the workplace app: A look at Alight Solution’s new app that provides screening and access to healthcare concierge services for employees returning to the workplace. Read more here.
How to engage workers during ‘the new normal’: Recognition, check-ins with managers, and asking employees how they are feeling are key. Read more here.