Small business and HR Tech: an untapped market
Today’s employees are feeling financial strain. In a recent Unum survey we learned that 46% of workers have less than $1,000 in their checking/savings account and almost half of workers could only avoid financial distress for two months or less if they couldn’t work.
While these may seem like numbers on the surface, there are real people behind the statistics. Real people with families, who need comfort and security as they navigate all of life’s moments.
With businesses with fewer than 500 employees making up 99.9% of all U.S. companies, and employing nearly half of all American workers, the opportunity for small businesses to provide benefits access to their employees is significant — but they must do so in a way that efficiently leverages their resources.
Human Resources (HR) professionals play an increasingly important role in today’s dynamic workplace. HR is charged with delivering employee benefits, recruitment, career development, employee relations, compensation design, performance management, wellbeing programs and more.
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