|
Welcome back! ICYMI the Mega Millions Jackpot is currently over $700 million. Go ahead, organize that office lottery pool. What could possibly boost morale more than a few million dollars shared among colleagues?
In today’s edition:
 Too many options
 Not too hot, not too cold…
 HR 101
—Courtney Vinopal, Amanda Schiavo
|
|
Peshkov/Getty Images
|
Digital health company Solera Health is collaborating with professional services firm Aon on a tool to streamline benefits solutions and help employers better measure return on investment for the health services their employees use, HR Brew has learned exclusively. The companies announced the partnership on March 12.
Aon will integrate Solera’s HALO platform, a condition management tool it rolled out in September, with its own Health Risk Navigator, a proprietary tool that uses employer claim data to make recommendations based on health risks among specific employee populations. The platform will let consumers view a variety of different benefits programs and health offerings in one place, including those Solera and other vendors offer. The tool will help employers better manage different “point solutions”—a term used to describe benefits programs designed to solve a single problem.
The problem with point solutions. Point solutions may cover virtual care, mental health support, or fertility benefits, for example. They typically seek to address gaps in healthcare systems, and may focus on specific conditions, according to a 2018 blog post from HR consulting firm Mercer.
The market for these benefits is crowded, and employers may offer their workforce as many as nine point solutions, according to some estimates. This can lead to “point solution fatigue,” a phenomenon in which employees become overwhelmed by the number of options available to them, and may give up on finding care.
Keep reading here.—CV
|
|
PRESENTED BY TAKE COMMAND
|
|
Tired of dealing with a group health plan that creates more burdens than benefits? Or how about handling all those never-ending double-digit renewals? If you’re nodding along, it might be time to shake up your healthcare benefits with an individual coverage health reimbursement arrangement (ICHRA).
Introducing: Take Command. They’re the first-to-market leader and No. 1 ICHRA administrator in the country offering dedicated employee enrollment support, in-house compliance, and a super-intuitive platform.
Take Command can help your employees and your biz’s cash flow. In fact, most clients save up to 30% right off the bat compared to what they paid on their group plan. Numbers don’t lie.
Do things the ICHRA way.
|
|
Francis Scialabba
|
The US labor market continues to show strength, with the latest jobs figures again exceeding economists’ expectations.
What’s happening? The US economy added 275,000 non-farm payroll jobs in February, the latest jobs report from the Bureau of Labor Statistics (BLS) shows. And although fewer jobs were added in February than January, they exceeded the 200,000 economists were expecting.
While there was a slight uptick in the unemployment rate—which rose modestly by 0.2 percentage points to 3.9%—it has been below 4% for the last two years, the longest period of time the rate has remained that low since the 1960s, the Washington Post reported.
Zoom out. Solid job growth and a historically low unemployment rate, along with the recent dip in the quits rate, could be a signal to HR that it’s time to spend more time focusing on retention over recruitment. And the experts agree.
Keep reading here.—AS
|
|
Francis Scialabba
|
Welcome to HR 101. Class is now in session. Today’s discussion will focus on the history of LinkedIn.
The history. Reid Hoffman came up with the idea for a professional social network in 2002. The dotcom bubble had burst, and it was a time of career uncertainty for many, particularly in the tech industry. One year later, on May 5, 2003, Hoffman launched LinkedIn with co-founders Allen Blue, Konstantin Guericke, Eric Ly, and Jean-Luc Vaillant. The platform ended its first month of operation with 4,500 members.
Two years later, LinkedIn introduced job posts, and in 2008, it launched LinkedIn Recruiter, its enterprise service designed to help HR professionals fill positions. Throughout the 2010s, the platform continued to evolve, releasing tools like its skills endorsement feature, as well as apps for recruiters and job-seekers. The business also evolved, going public in 2011 before being acquired by Microsoft in 2016.
Fast-forward. Today, LinkedIn has over 1 billion active members in over 200 countries. Some 65 million job-seekers use the platform every week, and employers in over 230 countries use LinkedIn Talent Solutions to source and hire. And it doesn’t appear to be slowing down.
Keep reading here.—AS
|
|
TOGETHER WITH SELECTSOFTWARE REVIEWS
|
|
Feeling stuck in a bad HRIS? Get free, practical advice on the right software for your team with SelectSoftware Reviews. Connect with an advisor who will learn about your team’s needs + offer tailored advice. Join the ranks of 15k+ companies big and small that’ve taken advantage of SelectSoftware’s HR Software advice.
|
|
Francis Scialabba
Today’s top HR reads.
Stat: Just 45.1% of employees surveyed reported feeling positive about their employers’ economic outlook, according to Glassdoor. (HR Dive)
Quote: “I put [mini sabbaticals] on the table when I talked to my leaders and prefaced it, saying that if you want to get the best from me, this is what I require. This is what it takes in order for me to have creativity, innovation, and productivity, all the things that organizations say are necessary and required for their businesses to thrive.”—Jennifer Mahone Rightler, CEO of HR and DE&I consultancy Elements2Inclusion, on the benefits of sabbaticals (Employee Benefit News)
Read: A federal judge in Texas blocked a National Labor Relations Board rule that would classify many contract and franchise workers as employees, which would have required employers to bargain with unions that represent them. (Reuters)
Hooray, ICHRA: Wanna save big when it comes to your company’s health plan? Attend Take Command’s webinar on 5 Ways HR Leaders Can Win with ICHRA. Save your spot.* *A message from our sponsor.
|
|
|
With 22k+ jobs just for HR pros, iHireHR can make your “new year, new career” dreams come true. They have tools and resources for every phase of your job search and beyond.
Plus, you can recruit smarter in 2024 with guidance from iHire’s second annual Hiring & Job Search Outlook Report, featuring the results of a survey of 1,300+ job seekers and more data-driven insights.
|
|
|
Share HR Brew with your coworkers, acquire free Brew swag, and then make new friends as a result of your fresh Brew swag.
We’re saying we’ll give you free stuff and more friends if you share a link. One link.
Your referral count: 2
Click to Share
Or copy & paste your referral link to others:
hr-brew.com/r/?kid=9ec4d467
|
|
|
