Best Practices

The compensation employees receive is more than the number on their paycheck – 401(k) matching contributions, student loan repayment, employee stock purchase or employee discounts can add up to $10,000.

Emergency savings accounts – and interest-free emergency loans – can have a palpable impact on employees' lives in the short-term, preventing them from racking up credit card debt or turning to predatory payday loans.

With this new approach, employers pay a flat monthly rate per employee that is directly paid to a primary care provider who is part of a core team of doctors, advanced care practitioners, care advocates and wellness coaches.

Pay cycles are a key consideration as we move into the new frontier of balancing work and mental health.

Employees are much more interested in discussing mental health and finding help with their issues, which is why the No. #1 mental health benefit strategy of employers is manager training, says the Midwest Business Group on Health.

To be well-positioned for the possibility of a Department of Labor audit, plan sponsors need to watch out for common errors, which include late deposits of employee contributions into the plan, failure to implement employee deferral elections and failure to provide required notices.

HR technology has an important role in enabling a strong employee experience.

We can create a more inclusive ecosystem that enables small businesses to feel seen, compete in the war for top talent and, most importantly, better serve their employees and customers.