Tag

auto dealerships

Mar 21

Using Employee Engagement and Education to Combat the Great Resignation

By Employee Benefits, From the Experts
The Great Resignation has reshaped the workforce, with employees leaving their jobs in record numbers. A Prudential survey conducted in late 2021 revealed that 46% of workers were actively seeking or considering new opportunities. Labor statistics confirmed this trend, with 4.5 million workers quitting their jobs in November 2021—a record-breaking figure. This trend underscores a critical challenge for employers: Workers are no longer willing to stay in roles that don’t meet their needs. To combat this, employers must focus on employee engagement and retention strategies to demonstrate their value and keep top talent. TOOLS TO BOOST EMPLOYEE ENGAGEMENT AND RETENTION At Kapnick,…
Read More
Mar 08

Supply Chain Disruptions Lead to Layoffs or Reduced Hours. Layoffs and Reduced Hours Lead to COBRA Considerations.

By Employee Benefits, From the Experts
A single disruptive event anywhere in the world can trigger a supply chain nightmare for your company. According to a survey by the U.K. Business Continuity Institute, 73% of companies experienced a supply chain disruption in the last 12 months. These disruptions can lead to reduced market share, lost customers, and increased costs. In severe cases, companies may face downsizing or reduced employee hours, which can trigger COBRA events. That’s where COBRA administration services come in to ensure compliance and avoid costly penalties. THE IMPACT OF SUPPLY CHAIN DISRUPTIONS Supply chain disruptions can have far-reaching consequences, including: Reduced market share Loss of…
Read More