Human resources professionals are often called upon to deliver information to employees at all levels of their organizations. Whether it’s a serious message or something less important, poor employee communication can lead to people missing out on benefits they could use, company programs or extracurriculars they would have enjoyed, policies they must follow or other essential news about the organization. Employee communications can be a challenge, and there’s always room for improvement. Here are 5 ways you can make yours more effective for the benefit of your organization and all of its people. 1. Practice Transparency “Fostering a culture of transparency is one of the most effective ways to communicate with employees,” says Leigh Steere, co-founder of Managing People Better. Too many employers curate information by deciding what employees should hear based on what they can handle instead of talking about the whole story. Instead, commit to providing clear and appropriate …
The Holidays are officially upon us! In the spirit of the season, here is a breakdown of holiday giving in the U.S.
Infographic courtesy of our friends at HubSpot.
In a month and a half, the DOL Fiduciary Rule will take effect and many in the financial industry are adopting a “wait and see” approach to the rule, with plans to adapt their business once the rule takes effect.
Ebix Consulting partnered with some of the industry’s leading experts to develop a webinar that addresses your concerns about the impending fiduciary rule and discusses a number of ways you can start preparing now.
To learn more about how you can implement solutions for the DOL Fiduciary Rule, contact us today!
Looking for a novel way to motivate employees to do their very best? A new study by three Harvard Business School researchers suggests you might want to try this surprising strategy: Give new workers a raise soon after you hire them. While there’s nothing new about the belief that increasing an employee’s salary should correspondingly boost his or her zeal to work harder and do a good job, the Harvard research concludes that money motivates better under certain conditions – and the findings challenge the assumption that paying more money inevitably leads to increased effort. “Previous research has shown that paying people more than they expect may elicit reciprocity in the form of greater productivity,” Deepak Malhotra, a Harvard business-administration professor who worked on the study, explained in a media statement. However, Malhotra and his colleagues found that the connection between more pay and extra effort depended on presenting the …
Technology is catching up to the financial industry at a rapid rate. According to a report by KPMG and CBInsights, fintech raised more than $19 billion in the last year. Originally, financial technology, or fintech as it’s now called, was the term used to describe technology applied to the back-end of established consumer and trade financial institutions. Since the end of the first decade of the 21st century, the term has expanded to include any technological innovation in the financial sector, including innovations in financial literacy and education, retail banking, investment and even crypto-currencies like bitcoin. Some members of the financial industry are worried about the effect fintech will have on the financial world, specifically the effect of robo advisors. A robo advisor is an online wealth management service that provides automated, algorithm-based portfolio management advice without the use of human financial planners. “Advisors are treating it as a potential threat …