Employee Industry News: October 2016

October 31, 2016 Perks WW Employee Experts

Slow job growth, healthcare costs, and employee referral programs are just a few topics that have been in the news and online this month.

Obamacare Benchmark Premiums to Rise 25% in Sharpest Jump Yet
Premiums for mid-level Obamacare health plans sold on the federal exchanges will see their biggest jump yet next year, another speed bump in the administration’s push for enrollment in the final months of the U.S. president’s term. Read the article.


U.S. job growth slows; markets bet on December rate hike
U.S. employment growth eased for the third straight month in September and the jobless rate rose, but the slowdown was not expected to prevent the Federal Reserve from raising interest rates later this year. Read the article.


Lever Study Shows 1 in 100 Candidates is Hired
Employee referrals are the most efficient source of hire
Employers are hiring about one in every 100 candidates, with applicants being the biggest source of hire, followed by sourced candidates and employee referrals, according to new research. Read the article.


Cook County approves $13 hourly minimum wage affecting suburbs
Chicago Tribune
Suburban Cook County has joined Chicago in adopting a $13 hourly minimum wage, a move critics say is better left to the state but proponents contend is a response to the state's inaction. Read the article.


Faculty Members at 14 State Universities in Pennsylvania Go on Strike
New York Times
Thousands of faculty members went on strike Wednesday at 14 Pennsylvania state colleges and universities — a rare escalation in higher education, but one that reflects increasingly widespread tensions between administrators and their faculties. Read the article.


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Perks WW Employee Experts

Engaging employees of various backgrounds, interests, and generations may seem next to impossible. As an employer you want to reward your workers on an individual and meaningful level for reaching business goals, but may not have the time or knowledge to do so. If your organization is suffering in the areas of: retention, attracting new talent, low satisfaction, or safety issues among others, consider partnering with Perks. By pairing our Science of Motivation™ methodology with your unique business needs, our incentive programs have a proven track record of strengthening all areas of employee engagement, most importantly: productivity and ROI. Our programs provide unique employee engagement solutions by rewarding workers based on performance. Whether rewarding an employee for going above and beyond, referring new talent, or taking the necessary steps to prevent workplace accidents, Perks will work with you to design the ultimate incentive program to meet your needs.

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