In today's competitive job market, attracting and retaining top talent requires going beyond just health insurance. Employees crave benefits that enhance their well-being and cater to their individual needs. This is where modern Lifestyle Spending Accounts (LSAs) like Maxwell come in, and forward-thinking benefit brokers can leverage them to win more business.
Read MoreEmployee rewards and recognition programs are fantastic for boosting morale and productivity. But let's face it, a gift card to Red Lobster might not exactly scream "life-changing." What if you could transform your rewards budget into something truly impactful? Enter the Lifestyle Spending Account (LSA).
Read MoreWorld-class facilitator of change in Joshua Berry emphasizes the importance of self-reflection and understanding others to adapt to changes in the healthcare workforce. He suggests that recognizing individual beliefs and motivations can lead to more effective strategies for managing stress and improving job satisfaction.
Read MoreThe Employee Value Proposition (EVP) is a unique value a company provides to its employees, encompassing more than just salary and benefits. It is different from the Employee Experience (EX). A strong EVP can attract top talent, improve employee retention, boost engagement, and enhance employer branding.
Read MoreRewards and recognition are the dynamic duo that increase engagement and your secret weapon to reduce turnover. Forget about the grand gestures; we're talking about the little things that make a big impact.
Read MoreWhile Lifestyle Spending Accounts have very few compliant concerns, it is important to understand how taxation works and what expenses should be excluded to remain compliant.
Read MoreMaxwell has a unique focus on healthcare. The reasons are many, but the most important is we love it. Maxwell is uniquely positioned to serve the needs of healthcare, and we are committed to doing so to give back, serve the healthcare workers of today, and create better workplaces for the healthcare workers of the future.
Read MoreBy implementing effective strategies, organizations can improve nurse retention, enhance job satisfaction, and mitigate the associated costs of turnover. In this section, we will explore various strategies that have proven successful in reducing nursing turnover and its associated costs.
Read MoreNursing turnover can be attributed to various factors that influence nurses' decisions to leave their current positions. Understanding these factors is crucial for healthcare organizations to address the root causes of turnover and implement targeted strategies to improve nurse retention.
Read MoreAdministratively, high nursing turnover rates can result in increased overhead costs. Moreover, the constant need for orientation and training programs can strain the resources of nursing education departments. Nursing turnover is a reality that healthcare institutions must face. The financial, operational, and clinical implications of turnover necessitate a comprehensive understanding of its costs and impact.
Read MoreIn this blog series, we will delve into the reality of nursing turnover and explore its direct and indirect costs. We will examine the financial implications, such as recruitment and training expenses, as well as the loss of productivity and institutional knowledge. Additionally, we will explore the impact of nursing turnover on patient care and satisfaction, as well as the administrative and overhead costs associated with high turnover rates.
Read MoreDespite their reputation for being a great place to work they were not immune to the effects of clinical staff shortage and new employee expectations.
Read MoreBenefits are a massive investment in employees. Open enrollment is an opportunity to show them the value of their package. Learn top best-in-class practices for maximizing the benefit enrollment season.
Read MoreIt is a real possibility that the next time you and I get sick there isn't someone to care for us. That is what I was reminded of this Friday listening to members of the Federal Reserve and Nebraska Department of Labor. The good news all is not lost, we all hold the key to turning the tide.
Read MoreYou work hard to build an EVP that will attract, retain, and build the talent you need to meet your business goals. How you deliver on this promise is what sets you apart. This is why we are excited to share Maxwell’s new features that build connection, reinforce culture, and elevate the investments employers make in their workforce.
Read MoreDelivering an outstanding employee experience is challenging. From practices that do not scale in the new workplace, to thinly spread People & Culture leaders, here are the top 3 employee experience challenges in 2023 and what you can do about them.
Read MoreThose employers that make it a priority to use performance reviews to help them do great at work (and life), will find themselves with engaged employees, and better business results.
Read MoreEveryone seems to be talking about Lifestyle Spending Accounts or LSAs these days. If you are considering offering one, or just want to understand what LSAs are about, here are answers to the most frequently asked questions.
Read MoreA modern benefits program is built flexible. The perks you offer to support your employees should reflect the current era. Your employees are consumers too (both literally and metaphorically too with the way employees are beginning to job hop). This means a one-sized fits all benefits program won’t meet their expectations.
Read MoreBuilding and offering a modern benefits program starts with using the Platinum Rule. Treat employees as they want to be treated. It might sound like a daunting task when you consider that the needs and preferences of employees are diverse as they are, but it doesn’t have to be.
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