As COVID-19, the Great Resignation and other industry-wide challenges continue to stand between employers and their path to success, how can you overcome these obstacles to ensure a prosperous 2022?
The answer involves narrowing your focus. While we understand employers have countless tasks to juggle at once, the following are four key considerations that you must keep in mind to achieve success this year.
Above all else, maintaining compliance in 2022 is essential to build a foundation for success. Employers must keep up with legislative updates from COVID-19 vaccine mandates to ACA matters and more.
However, maintaining compliance is easier said than done. Legislative issues are complex and ever-changing, making them difficult to stay abreast of. So, how can you ensure that pertinent updates don’t pass you by? Consider having a dedicated compliance team in your organization that is solely focused on keeping up with regulatory changes.
Helpful Tip: Having access to the right resources can make maintaining compliance that much easier. To stay in-the-know, subscribe to our monthly Regulatory Benefit Update emails and download our comprehensive guide, “Regulatory & Legislative Update — What Employers Need to Know in 2022.”
Employee turnover has become a serious obstacle between employers and the path to success. More and more organizations are asking themselves how they can create a workplace culture that encourages long-term loyalty among employees.
One solution is to take action to improve employee wellbeing. Implementing a holistic wellbeing program that strengthens the physical, emotional and financial health of your workforce will enhance employee satisfaction and morale. If your employees feel appreciated and taken care of, they are far less likely to participate in the Great Resignation.
Helpful Tip: Before you can improve your employees’ wellbeing, you have to understand where it currently stands. Critically evaluate your current workplace culture by filling out our "Mental Health in Your Workplace Scorecard."
Speaking of the Great Resignation, attracting and retaining top talent must be prioritized if organizations want to stand out among the competition.
Employers should enhance their recruiting tactics, optimize their onboarding program and give potential employees what they really want — fair compensation, exceptional employee benefits and a strong company culture that cultivates a sense of belonging.
Helpful Tip: Mastering the hybrid work model is one way that organizations can secure new hires and retain existing talent. Check out “5 Hybrid Work Model Mistakes & How to Avoid Them” to learn more about how to successfully implement this work environment.
According to a study conducted by Eden Health, 49% of your employees will start looking for a new job within 12 months if they’re dissatisfied with the benefits your organization offers. Having a strong employee benefits program will be key to thriving in 2022.
Comparing your offerings to that of other companies in your industry is a great way to find out the areas in which your benefits program is excelling and where you have room for improvement.
Helpful Tip: For relevant employee benefits data, be on the lookout for the release of our 2022 “Employee Benefits Benchmark Report.” In the meantime, you can download the 2021 version here.
Keeping these key considerations in mind will help your organization take on 2022 with confidence. For guidance tailored to your specific goals and pain points, connect with one of our experts today.