From the March 2013 issue of CeridianVoice.

March 2013 News Briefs

Study finds fewer employers measuring wellness outcomes

A survey by Buck Consultants found that 35% of U.S. employers measured their wellness programs for specific health outcomes in 2012, down from 37% in 2010. Almost 70% of those that did not track data cited a lack of resources. “Employers who measure program outcomes do so with a greater focus on driving business results,” says David Ratcliffe from Buck Consultants. “A healthier workforce is a more productive workforce, which produces greater revenue that is sustainable over the long term.” Read more at Business Insurance.

 

More employees dipping into retirement funds, EAP calls on the rise

Recent research from the U.S. Census Bureau and the Federal Reserve suggest that more than one in four U.S. employees are currently dipping into retirement funds to cover more immediate expenses. In fact, 75 percent of workers who have cashed out their entire 401(k) balances say they’ve done so because they face basic money-management challenges. At the same time, financial assistance moved to the third-most-frequent request for EAP help in 2012, up from sixth in 2011. Read more at HR Executive Online.

 

2013 staffing levels expected to meet, exceed 2012 levels

Eighty percent of major U.S. employers surveyed by Amplitude Research Inc. expect that their 2013 hiring rate will meet or exceed that of 2012. Of companies that plan to accelerate hiring in 2013, 83 percent expect to increase staffing levels by at least three percent. Results reveal that demand for talent exists at nearly every level, particularly in information technology, sales and operations and production. Read more at SHRM.

 

Flextime won’t necessarily improve worker well-being

Gallup research suggests that companies wanting to enhance workers' well-being should focus on improving engagement, not on offering perks such as flextime and extra vacation days. Engaged workers who took less than one week of vacation generally were healthier and happier than disengaged employees who took at least six weeks of vacation, the research found. According to Gallup, “Though workplace policies such as hours worked, vacation time and flextime do relate to employee wellbeing, the quality of the workplace trumps policy in affecting overall wellbeing.” Read more at Canadian HR Reporter.