Workest Weekly: 4-Day Workweeks, The Importance of Cultural Diversity, Providing Healthcare Benefits in 2022
Welcome to Workest Weekly — a newsletter for small business owners, HR leaders, and their growing teams.
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Today’s no ordinary Sunday … it’s Juneteenth and Father’s Day! To all the dads out there — hope you get to spend the day with loved ones. To our friends who are celebrating Juneteenth, here’s how to make the most of the important holiday — and understand why it’s important to promote and respect diversity, equity, and inclusion. Four-day workweeks have been a hot topic; find out what some companies who’ve tried them have to say. Like many other things these days, the cost of providing healthcare insurance is rising. Learn about what employers should know about providing healthcare benefits in 2022.
Small Business and HR Compliance dates this week:
June 21, 2022
Summer Solstice. This day marks the longest day of the year and the start of summer!
International Yoga Day. Show your employees you care about their well-being by offering some group yoga sessions!
June 24, 2022
Ugliest Dog Day. What started as a fun contest is now a light-hearted celebration of dogs with faces only a mother could love.
Take Your Dog to Work Day. Pet-friendly offices are becoming increasingly popular. Here’s how to create a pet policy for your office.
The 4-day workweek has left many people with a positive feeling about their employer — and appreciation for the opportunity.
Thinking of Switching to a 4-Day Workweek? Here’s What Other Companies Said
All around the world, HR professionals and business managers have been feeling the pressure to hop on the 4-day workweek bandwagon. With the great resignation still in full swing, companies are going through major layoffs, and employees are no longer interested in accepting the more traditional ways of working.
Companies need to get more creative than ever when it comes to retention strategies and creating a competitive working culture. This is especially true for organizations that can’t afford to compete with salary and total compensation packages.
DIVERSITY & INCLUSION
Cultural diversity in the workplace is not just a moral and legal imperative — it can also contribute to business success in many ways.
The Importance of Cultural Diversity in the Workplace
These days, cultural diversity in the workplace is more important than ever. The workplace is constantly changing. The face of a company today may look totally different than it did 10 years ago. One reason for this is that many organizations are putting a high priority on building a diverse workplace.
The concept of cultural diversity is based on the advantages of a group of people being made up of different types of individuals. The diversity, the equity, and the inclusion of people, regardless of their age, gender, race, ethnicity, religion, or disabilities, all fall under the broad umbrella of diversity.
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BENEFITS
Higher premiums, changing government programs and rules, tips for affordability … here’s what you should know about trends in health benefits for 2022.
What You Need to Know About Providing Healthcare Benefits in 2022
When it comes to benefits, healthcare is frequently at the top of the list. Forty percent of employees in a survey by Lively chose healthcare benefits over competitive salaries, retirement plans, or bonuses. But, like everything else these days, the cost of providing healthcare insurance is rising. This creates a challenge as businesses deal with higher costs all around. Let’s take a look at some of the emerging trends and what you need to know about providing competitive healthcare benefits in 2022.
HIRING
Discover how a slow recruitment hiring process can affect your bottom line and potentially cause you to lose out on attracting and retaining top candidates.
Is Your Recruitment Process Fast Enough?
In this competitive hiring market, a slow recruitment process can cause you to lose out on top candidates. Glassdoor Insights notes that, in the U.S., the average interview process takes 22.9 days. Time to hire refers to how long it takes to bring in a new hire from the date you receive the initial application to the day they accept an offer of employment. Read on to discover the reasons you should shorten the hiring process, steps on how to do it, and potential pitfalls to avoid.
HR HEADACHES
Here’s how to reach a compromise when employees prefer remote work over in-person work.
HR Headaches: My Employees Have Asked to Work From Home But We Want Them in the Office
The height of the pandemic anxiety is behind us (for the most part). As a manager, you might be tempted to ask your people to come back into the office. But what if your company asks people to return to the office, and you face pushback from employees? This is a very likely scenario because most people want the option to work remotely: 54% of workers want to keep working from home.
COMPLIANCE
With healthcare costs high and forever on the rise, employers that provide medical plans such as HSAs and HDHPs likely will have an advantage over those that don’t.
IRS Releases Higher 2023 HSA, HDHP Limits
Americans are paying more for gas, food, and most goods and services because of today’s high inflation. Those in High Deductible Health Plans (HDHPs) with Health Savings Accounts (HSAs) shouldn’t be surprised to learn that starting on Jan. 1, 2023, they’ll be paying more to lower their healthcare expenses, according to the IRS. Changes in HDHP deductibles will begin on or after that date.
POPS The People Podcast
The POPS! Podcast by Zenefits helps small business leaders build people teams and succeed in the new world of work.
How to Help Your Employees Make the Most of Their Juneteenth Holiday
Juneteenth is the oldest known holiday celebrating the end of slavery in the United States. With it being right around the corner, are you ensuring your employees are making the most of the holiday?
Nadene Evans, Senior Manager of Organic Growth Marketing at Zenefits, joins the show to share ways businesses can help celebrate and support the Juneteenth holiday, as well as help your diversity, equity, and inclusion efforts.
Resources
Take this 7-min quiz to assess the sophistication of your HR or People Operations department.
Assess Your People Operations
The People Ops Maturity Model measures the extent to which an organization’s people operations are driven by established and documented best practices, processes, standards and metrics proven to drive business outcomes. Based on our work with over 30,000 small and midsize businesses, it helps a company assess, develop and refine your people programs by identifying current state, a desired future state, and blueprint to get there.
Unprecedented shifts in the job market have forced recruiters to become more agile & innovative. So what are the top trends right now?
# 5. #Hybridwork. "Research from @CareerBuilder reveals jobs allowing FT or PT #remotework receive 7x applications than in-person roles.
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QUESTION FROM THE COMMUNITY
Why is an inclusive culture even more important in 2022?
Have a question of your own?
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