Employee Benefits Updates provided by Parker, Smith & Feek

Building a Compelling Employee Value Proposition

An employee value proposition (EVP) is the unique set of benefits employees receive in return for the skills, capabilities, and experiences they bring to an organization. While an EVP includes common factors such as compensation, benefits, and career opportunities, it also expands to all the value an employee can receive in exchange for their work.

Read more

Best Practices for Exit Strategies

While exit interviews come at the heels of an employee leaving your organization, they can present a hidden opportunity for HR Leaders. When approached the right way, exit interviews can be used to gather information, boost working conditions for employees, and improve company culture, but that doesn’t mean they’re always easy.

Read more

HR Solutions for Rising Employer Healthcare Costs

These tumultuous times have left U.S. employers struggling with skyrocketing healthcare costs and an increasingly unsustainable burden on their employees. Inflation has driven up premiums, forcing workers to shoulder more of the cost-sharing burden, resulting in some becoming underinsured. This has left employers with limited options: they must either find cost-effective carriers and plans or risk drastically reducing their benefits, or worse, completely exiting the healthcare market.

Read more

Getting Employees Back in the Office

After Elon Musk announced the return of in-person work at Twitter and Bob Iger said the same at Disney, CEOs have begun taking a stricter position on return-to-office timelines. But before your company follows suit, ask yourself one question. “Should it?”

Read more

Is Outsourcing HR Right for Your Business?

Certain functions of an organization’s HR operations are common options for outsourcing. According to a study by staffing agency Kelly Services, 36% of all employers outsource part or all of their HR responsibilities, with the most outsourced functions being payroll (56%), recruitment (49%) and benefits (40%). This article outlines options for outsourcing and highlights the benefits and drawbacks of outsourcing HR functions so organizations can consider whether this strategy is right for them.

Read more

Strategies for Improving Employee Relations

Since negative relationships can dramatically impact performance and lead to burnout, finding ways to improve employee relations and overall morale at your organization is essential.

Read more

Parker, Smith & Feek is and independent, employee owned, full service insurance broker offering employee benefits, commercial and personal insurance, and surety solutions. Our Employee Benefits Department has been helping clients create and administer valuable benefits programs since 1975.

Visit Parker, Smith & Feek's website to learn more about our services.

PRIVACY POLICY DISCLAIMER