The ROI on DEI
Employee Benefit News
The leading information resource for the ever-changing HR and Benefits marketplace.
WORKPLACE DIVERSITY: Of all the lessons companies have learned about the workforce in recent years, one perhaps stands out as the most crystallized: if they want to stay competitive when recruiting, diversity can no longer be an afterthought, but rather must be a primary component of business building and growth. And yet, new and exclusive research from Arizent shows just how many firms are dragging their feet on making any real change. Leaders and employees across banking, accounting, wealth management and other industries share their perspectives on DEI, where it's working, where it's not and what needs to happen to create healthier companies.
EMPLOYEE RECOGNITION: In its latest Human Workplace Index survey, Workhuman found that while 75% of respondents indicated feeling satisfied with their benefits, more than half (58%) reported feeling not valued at all or only somewhat valued at work. In a talent market that continues to challenge recruiting efforts, that statistic may read as an alarm bell to employers — and a call to action to think about?compensation, benefits and recognition ?in a more holistic way. Workhuman's recruitment manager shares her top strategies for making employees feel appreciated:
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RECRUITMENT: By the end of 2022, 25% of all professional jobs in North America will be remote, according to the job search site Ladders . However, DeveloperHub estimates that 90% of employers will require employees to come into the office at some point during the week in 2023. In other words, it may be harder to find a fully remote option in the new year. FlexJobs put together a list of remote-first companies that are currently hiring across fields and industries. Check out the list to find your next gig:
RETIREMENT: After home equity, retirement savings represent the second largest source of household wealth for Americans. But benefit advisers and other industry observers know that DC plans are just not creating financial security or wealth for everyone. About 60% of white families participate in?retirement plans, compared to 45% of Black families and 34% of Hispanic families. And for working-age families who have balances in such accounts, the typical white family has about $50,000 saved, which is 2.5 times the amount saved as the typical Black or Hispanic family, who have about $20,000 saved in retirement accounts.?If we can't close these glaring?retirement savings ?gaps, we don't stand a chance of closing the racial, gender, generational, or geographic wealth gaps.?