Some employers are concerned about how employees will adapt if they revise or eliminate incentive programs. These authors show how behavioral economics precepts can help ease incentive program transitions.
Employees across the spectrum, from hourly staff to executives, have financial obligations and money stress, said Jason Rahlan from Dayforce. "Employees aren't asking for a handout. They want access to the money they already earned."
Soaring healthcare costs are affecting organizations across industries and sizes—and small to medium-sized businesses are being particularly hard-hit, found a new study. How are they responding?
The survey also noted that 34% of firms require lifestyle or clinical support programs in order for employees to receive GLP-1 agonists for weight loss.
"Running a DC plan can be challenging, but when done correctly, the difference it can make to participants is truly life changing," the Mercer report states.
