Dispelling Common Myths About Millennials In The Workforce

Dispelling Common Myths About Millennials In The Workforce

Millennials will be overtaking the world soon. Confusion abounds as to who qualifies as a Millennial, but the designation generally falls on those born toward the later half of the 1980s to near the end of the 1990s. Today’s Millennials cover a wide range of ages, including those just graduating from college all the way up to those facing middle age. Millennials are already surpassing other generations in the workforce, so it’s time to dispel those myths about this generation who has seen technology advance at a rapid rate. When developing your benefits…Continue Reading
Millennials: Who Needs Them? Chances Are, You Do

Millennials: Who Needs Them? Chances Are, You Do

by Roxanna Coldiron When Millennials first entered the workforce, many employers dismissed them as unqualified and refused to hire them. Companies didn’t want to have to train new workers who had little to no experience in the field, and they certainly didn’t want to deal with the “Millennial attitude” and all it entailed. But this belief can now be a huge hindrance in growing your company. Keep in mind that the oldest Millennials have reached their mid-30s and have more than enough work experience, while younger Millennials can bring adaptability and their lifelong…Continue Reading
Employer’s Guide To Managing Millennials in the Workplace

Employer’s Guide To Managing Millennials in the Workplace

by Roxanna Coldiron Ready or not, Millennials have begun to take over the workforce. The Millennial generation, those born between 1981 and 1997, possess a 38 percent chunk of the workforce in various industries throughout the United States and have already surpassed Baby Boomers as the largest living generation . Older employers might not be prepared for the changes that Millennials can bring to their employment, but learning how to manage and mentor Millennials can prove invaluable in creating the right company atmosphere and moving the company forward within the ever-changing landscape in…Continue Reading
Caught Your Employee Looking For Another Job?  Here’s What Not To Do

Caught Your Employee Looking For Another Job? Here’s What Not To Do

by Roxanna Coldiron Imagine this scenario. On Monday, the department supervisor discovers that an employee has been looking for another job. Perhaps the employee left evidence of their job search on their desk or had not been discreet about their job searching activities on LinkedIn.  Um....Yeah... Not talking about it with the employee can strain the current relationship but approaching it in the wrong way could escalate the departure and reflect badly on the supervisor and the company. Employers can sometimes be blindsided when they learn that their employees have been looking for…Continue Reading
The Case Against Exit Interviews

The Case Against Exit Interviews

by Roxanna Coldiron When a valued employee decides to leave the company, the age-old wisdom has been to conduct an exit interview to find out why that employee has chosen to leave. The typical process for this interview involves asking the employee standardized questions about their reason for leaving and what they liked or did not like about the company or their position. An exit interview might take place as an uncomfortable in-person interview in the office or as an impersonal survey that is sent directly to corporate human resources for processing, only…Continue Reading
Student Loan Paydown Plans vs. 529 College Savings Plans

Student Loan Paydown Plans vs. 529 College Savings Plans

College expenses continue to rise, and many new graduates will enter the workforce with thousands of dollars in student loan debt. Older employees might have children and grandchildren who will be attending college in the future and will want some way to save money for those expenses. For these employees, benefits such as an employer-sponsored student loan paydown plan or a college savings plan such as the state-sponsored 529 plan can go a long way in ensuring the financial health and well-being of your employees. But which do you offer your employees? How…Continue Reading

More Employers Offering Student Loan Repayment Assistance as Benefit to Attract and Retain Talent

Student loan debt repayment assistance might be the perfect perk that employers should offer if they want to attract today’s top graduates and best talent. Bloomberg referred to  student debt repayment as the “hot, new company benefit,” and employers that offer it have begun to realize that this perk is a powerful way to differentiate themselves from the competition while also showing that they care about their employees’ well-being. Crushing student loan debt ($1.3 trillion in the United States) has been known to contribute to increased financial stress and health risks of employees…Continue Reading
Three Ways to Get Your Employees To Think Like Your CFO

Three Ways to Get Your Employees To Think Like Your CFO

Your employees might not know what a Chief Financial Officer, or CFO, does on a regular basis, or why the CFO is so important to the success of the company. The CFO uses his or her knowledge of accounting and combines it with business strategy to determine the best way to utilize the company’s finances, making such decisions as where to go with marketing and advertising, whether to add that free gym membership as an employee benefit, or even where to expand or contract the business (Journal of Accountancy). CFOs look at the…Continue Reading
Your Financial Wellness Program Needs a Coach

Your Financial Wellness Program Needs a Coach

by Kate Elliot Financial stress is something employees bring to work with them every day. A survey performed by PWC, a company that’s been analyzing financial wealth among American employees for years, shows that financial stress is not only a burden to most employees, it’s something they bring to work with them every single day. The survey found that one in five employees find financial stress to be a distraction at work, while 37 percent of those say that they spend three or more hours a week dealing with personal financial issues, or…Continue Reading

The Rise of the Machine: The Artificially Intelligent Financial Coach

by Roxanna Coldiron In the very near future, you could be working with a specialized shopping assistant that determines your needs before you’re even aware of them and orders your groceries for the week’s menu and that designer outfit you need for an upcoming dinner event — long before you get the reminder on your smartphone from your mobile calendar. Artificial intelligence, or A.I., technology continues to become smarter and smarter, relying on the algorithms that quantify our lives and predict our behavior. What used to be science fiction is now a very…Continue Reading