What Is a Private Benefits Exchange?
What Is a Private Benefits Exchange? A private benefits exchange is an online marketplace where employees can compare and choose from employer-approved benefit options. Employers often use this model to offer more plan choice, set a defined contribution strategy, and simplify the benefits enrollment process. Instead of giving every employee the same limited set of […]
How Health Reimbursement Arrangements Work for Employers
How Health Reimbursement Arrangements Work for Employers A Health Reimbursement Arrangement, or HRA, is an employer-funded benefit that reimburses employees for eligible healthcare expenses. Employers use HRAs to help manage benefit costs, offer more flexibility, and support employees without relying only on a traditional group health insurance plan. For small and mid-sized businesses, an HRA […]
How Employers Can Support New Parents With Parental Leave Benefits
While market leaders such as Netflix, Adobe and Facebook offer amazing paid parental leaves, the rest of the corporate world is still quite behind in this practice. A study by the Society for Human Resource Management shows that despite the knowledge of big-name companies introducing substantial pays for new parents and caregivers, businesses have not made […]
Can Financial Planning Benefits Improve Employee Confidence?
Any thoughtful manager will ask themselves this question at least once: “Do employees only work for money?“
Telling Job Candidates About Your Company’s Employee Benefits
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How to Help New Employees Understand, Select and Enroll in Your Company’s Benefits
When you bring new employees on board, the first thing you want them to understand is what you are giving to them for their efforts.
Distrust of employees towards HR
When it comes to trusting HR, employees generally buy into various stereotypes popularized by the mainstream media and project their worst fears onto them. At other times their skepticism about the Human Resources department is grounded on solid reasons such as bad experiences. Mostly however, these fears are unfounded and seem to portray a general […]
Employee benefit: Disability insurance
Disability insurance protects employees during extended periods of disability due of which they’re unable to continue working for their employees. Some people alternatively describe it as ‘income insurance’, this is due to the fact that an insured worker continues to receive their monthly amount from insurance companies despite not receiving paychecks from their own employer. […]
What employees need from the workplace
The common misconception floating around most employers’ minds is that all their employees just swarm around higher appraisals and salaries like bees to a honeypot. But that is a farfetched ideal which doesn’t really resonate with most workers. Today the office space has been transformed entirely from the ground up, and these transformations have also […]
The disconnect between leaders and staff
According to a study conducted by CIPD – an authoritative body on HR and people management – a rising trend of disconnect between senior managers and employees at the workplace has been observed. An alarming 1 in 3 employees have reported that they do not trust their senior managers very much, and instead relay all […]
