Business leaders share their secrets to success
Employee Benefit News
The leading information resource for the ever-changing HR and Benefits marketplace.
The key to success doesn't have to be complicated. In fact, it may be as simple as asking a colleague.
Eighty-nine percent of employees considered generational diversity in the workplace as a positive element of work, according to a recent study from resume building platform LiveCareer. Eighty-seven percent viewed the opportunity to learn from each other as a good thing for their experience, making advice from senior management in any industry incredibly valuable.
Which is why EBN asked its Excellence in Benefits award winners to share their best tips, strategies and suggestions for young talent and newcomers on how to succeed in the benefits industry.
"Our field evolves rapidly, so maintaining a curious attitude is essential to staying ahead of emerging trends and innovative solutions," says Jennifer Loar, account executive team lead at Lockton Companies. "Engage in conversations with peers and subject matter experts and dedicate time to reading articles that deepen your understanding of industry dynamics."
AN INDUSTRY THAT IS STRUGGLING: No industry is safe from experiencing labor shortages, and right now the restaurant business is struggling to keep kitchens staffed.
Eighty-two percent of U.S. restaurant and foodservice businesses are actively hiring, according to a recent report from marketing agency Expert Market in partnership with financial services company Toast. However, 47% of food and beverage managers still cite staff recruitment — particularly chefs, cooks, dishwashers and cashiers — retention and training as primary challenges.
Recommended by LinkedIn
"The food and beverage industry is struggling with a critical labor shortage," says Chris Maillard, editor at Expert Market. "The demanding nature of some of these roles, coupled with factors like long hours, weekend shifts and comparatively low wages, complicates the attraction and retention of talent."
CRITICAL WELLNESS BENEFITS: Employers seeking to retain experienced professionals across the organization are launching new benefit packages to meet the nuanced needs of current and future generations.
Technology has been a driving force for change across numerous industries and workplaces, helping streamline procedures ranging from talent sourcing to benefit management and even health care choices.
"By adopting a distribution model similar to online shopping, benefit designers and administrators are reimagining the types of benefits offered to employees and how they are communicated," says Suresh Moorthy, digital leader for Mercer Marsh Benefits.