Category Archive For "Employee Benefits"
Holiday bonuses: A guide for small business owners
Every year, employers show appreciation for their workforce through holiday bonuses. There are many ways to do it, but cash bonuses tend to be the most preferred option. Employees who are used to receiving cash benefits often calculate how they’ll use their Christmas bonus long before they get it. But with rising costs, inflation rates, …
Should you work after retirement? Here’s what you need to know
The idea of working after retirement is considered a good thing for many people around the world. It could help supplement their retirement savings and social security (if they have one), and some may see it as a way to stay physically and mentally active. However, even though working after retirement is seen as a …
4 Ways to Promote Gender Equality in the Workplace
Did you know that Latin America and the Caribbean will likely take another 67 years to close the gender gap if current trends continue? Traditional Hispanic values include familism, reverence, faith, and traditional gender roles, while common values include self-reliance, competition, and personal success. In this part of the world, wives often stay home to …
Why investing in DEI is integral to business success
Diversity, equity, and inclusion (DEI) in the workplace has been a hot topic of discussion for decades. However, the need for companies to take action has turned into a pressing issue over recent years. As the talent market becomes increasingly competitive, it’s evident that employers must adapt if they wish to maintain a productive workforce …
Employee benefits trends in 2023 to help HR teams retain top talent
HR leaders have been going through their fair share of challenges over the past few years. From abruptly shifting to working from home and mass resignations to a looming recession and the rising cost of inflation, it seems like the curveballs keep coming from all directions. This begs the question: What are new workplace trends …
Top 3 must-have financial wellness benefits for employees
Prices have risen by almost 14% since the beginning of 2022. With rising inflation and a looming recession, money is top of mind for employers and employees alike. The new year will bring new expectations amongst workforces, as they look to employers for solutions to help ease their financial burdens. Employers will have to offer …
Introducing Pacific Prime’s Global Employee Benefits Trends Report 2022
Drum roll, please! Pacific Prime Latin America is very pleased to announce that our Global Employee Benefits Trends Report 2022 is now ready. We started doing an annual deep dive on the changing world of work and of the corresponding benefits landscape during the year the COVID-19 pandemic hit. And as we’re slowly emerging into …
Do you want to sell your vacation days for cash?
You might have heard of carrying your vacation days over to the following term, but have you heard of cashing your vacation days? New startups have been popping up over the last few years in the USA to help employers to buy out workers’ unused vacation days. And the pitch sounds like this – get …
Why you should be using your company’s employee assistance programs (EAPs)
These days, more and more companies are jumping on the bandwagon and offering employee assistance programs (EAPs). But not every company does a good job communicating what EAPs are, how they work, or even that they’re on offer, which is why employee uptake is often quite low in comparison to other benefits. Some employees may …
How to review your employee benefits package
There’s no denying that employee benefits are critical to attracting and retaining talent, particularly during the Great Resignation. With more seniors and tenured professionals quitting their jobs, it’s becoming increasingly evident that money isn’t the only motivating factor – and that employee benefits and wellbeing are just as necessary. Understanding employee benefits is a good …
