Human Capital Management Blog

The Benetech Advantage

It's lonely in HR. Never fear! Benetech's team of seasoned experts provides the wisdom, technology insights, and healthcare regulatory updates that keep under-staffed and over-tasked HR departments informed, in compliance, and running lean!

By: Matt Ingold

May 3rd, 2018

Finding the Right Retail Scheduling Platform

Human Capital Management | Employee Scheduling

There are a number of challenges that retailers face when scheduling employees. Finding substitutes for last-minute cancellations Avoiding over or under-staffing Managing a high industry turnover rate Finding the right scheduling tool for your retail business can be a challenge. When looking for your best fit retail scheduling platform, here are a few considerations.

Read More

By: John Dalmata

April 17th, 2018

Benefit Trend: The Rising Need for Caregiver Benefits

Healthcare | Smart Benefits

According to Gallup Poll research, 1 in 6 full or part-time working Americans also serve as a caregiver for a loved one. In most cases caregivers are unpaid, looking after an ailing parent or grandparent. For employers, this can have a significant impact on absenteeism and workforce productivity. A caregiver misses on average 6.6 days or work annually. The annual cost of caregiver absenteeism amounts to more than $25 million. As the baby boomer generation continues to age, even dedicated home care organizations are struggling to keep up with the demand. One local Albany home care provider shared that his growth problem has little to do with demand and everything to do with unavailable talent in the workforce. Nursing home or assisted living centers are cost-prohibitive, leaving families with little option but to take ailing and aging family members into their homes.

Read More

By: Marissa Dalmata

April 9th, 2018

10 Questions to Consider When Reviewing Employee Scheduling Software

Human Capital Management | Employee Scheduling

No matter what industry you are in, workforce scheduling can be a time-consuming, error-prone, and downright frustrating task. You need to match up employee availability, skill sets, and preferences with fluctuating business demand in order to maximize productivity and profits. To boot, poor schedule management can lead to increased employee frustration, decreased engagement, and higher turnover. The right employee scheduling software helps you put the right employees in the right shifts at the right time to minimize labor costs, overtime, and compliance risks and maximize business performance. When starting down the path of reviewing employee scheduling software, here are 10 questions to help guide your journey.

Read More

By: Jason Barnes

April 3rd, 2018

What HCM Analytics Drive Business Performance?

HR Technology | Human Capital Management

In a 2015 Harris Poll, 74% of respondents said that their company needed to be more data-driven (ie. fact-based) in workforce decision-making. Not a surprising statistic, considering only 27% of C-suite executives found their HR team able to provide them with actionable analytics to improve their decision-making. There are useless Human Capital Management (HCM) analytics—then there are HCM analytics that drive business decisions. As far as business leaders go, leave the “useless HCM Analytics” to the academics. What good is it to tell me that my turnover rate has dropped 3% on key employees when reducing key-position turnover has a negligible impact on bottom-line performance? So how do you start quantifying HCM analytics that can have a measurable impact on business performance?

Read More
3 Most Common Mistake Employers Make When Offering Benefits

Mistakes are expensive, especially when building benefit plans.

We've outlined the 3 most common mistakes employers make when offering benefits in a quick ebook. Get your copy free when you subscribe to our blog.

By: Matt Ingold

March 15th, 2018

Benetech HCM Gets Analytics Boost with analytic.li

Strategic HR | Human Capital Management

Through a recent partnership between Kronos Inc. and analytic.li, Benetech now offers a new suite of analytics dashboards that combines the robust employee-performance, time and labor, and payroll data of Benetech’s HCM suite with business data from outside the system to gain clear insights into how business initiatives impact business performance. The new analtytic.li dashboard simplifies the effort and investment traditionally associated with launching a workforce analytics program.

Read More

By: Matt Ingold

March 13th, 2018

3 Ways HCM Technology Helps Improve Engagement and Retention

Performance Management | Human Capital Management

With low unemployment and the competition for top talent at its peak, employers are seeking better ways to develop an engaging work environment that attracts and retains top performers. A recent Harvard Business Review article cited an internal study by Facebook on why employees chose to stay at the company. Researchers found that employees who stayed found work enjoyable 31% more often, used their strengths 33% more often, and expressed 37% more confidence that they were gaining the skills and experiences they need to develop their careers. In other words, employees want: to be in a place where their skills are both valued and developed, and feel like they are making a contribution to the success of the organization. An employer’s recipe for engaged and loyal employees, therefore, entails talent development, performance feedback, and opportunities for continued advancement in the organization. Here are 3 areas where Human Capital Management technology can help.

Read More

By: Matt Ingold

March 9th, 2018

How Human Capital Management Technology is Furthering the Competitive Advantage of the Future

HR Technology | Human Capital Management

Putting the right people in the most pivotal roles as quickly as possible—that’s the new competitive advantage. Most of us remember firsthand or recall from film the Miracle on Ice—the story of the USA hockey team that upset the world-champion Soviets in the 1980 Winter Olympics. When questioned about his strategy and player selection coach Herb Brooks in the Disney telling of the event responds, “I’m not looking for the best players, I’m looking for the right ones.” Want another sports movie analogy—try Moneyball. It captures the true story of Oakland A’s General Manager Billy Beane and how he used human capital data to build a leading team on the league’s smallest budget that won a record-breaking 20 games in a row.

Read More

By: John Dalmata

March 6th, 2018

Solution for Proposed NY Employee Scheduling Regulations

Human Capital Management

As of today the proposed NY Employee Scheduling Regulations are still pending, but Governor Cuomo’s prospective bill certainly has employers’ attention. The new regulation would require employers to extend call-in pay to employees when failing to give appropriate lead time before a shift or canceling shifts last minute. More specifically, the NY DOL proposed regulations state employees would be eligible for call in pay for the following situations:

Read More

Before you leave...

leadmagnetImageALT

Mistakes are expensive, especially when building benefit plans.

We've outlined the 3 most common mistakes employers make when offering benefits in a quick ebook. Get your copy free when you subscribe to our blog.

Before you leave...

Mistakes are expensive, especially when building benefit plans.

We've outlined the 3 most common mistakes employers make when offering benefits in a quick ebook. Get your copy free when you subscribe to our blog.