Voluntary Benefits
Healthcare costs will only continue to inflate according to recent trends, which will inevitably shift the cost onto employees and result in increased premiums every month. This makes voluntary benefits the new buzzword in the workplace. According to a survey conducted by Willis Towers Watson, over 92% of US employers now believe that voluntary benefits […]
Top Voluntary Benefits
The disruption brought about by technology has also seeped through the workplace. Employees now want the same level of customization in a comprehensive benefits package offered as part of their job. Given that voluntary benefits don’t really take too much of a toll on the bottom line of a business, a slew of voluntary benefits […]
The culture of paid time off (PTO) in the US
It has become expected of workers to burn the midnight oil without taking a break. Research from the Department of Psychology of the State University of New York has shown that workers who have skipped on their vacations for five years in a row are at a 30% increased risk of suffering from heart attacks […]
How to Inform Employees About Outsourcing Benefits Administration
Outsourcing benefits administration can help employers manage employee benefits more efficiently. It may give employees better access to enrollment tools, benefits information, support channels, and plan documents. But for employees, a benefits administration change can feel confusing if it is not explained well. They may wonder who will answer their questions, whether their benefits are […]
Making the best of your retirement
Despite numerous horror stories circulating around the internet about the importance of saving for retirement, few Americans take their savings account seriously. Experts say that no matter what your age is, you should start saving now. Here are 7 ways to make the best out of your retirement plan Retire at age 65 or more […]
4 Ways To Show Your Employees That You Value Them
A basic salary is never enough to keep employees from sticking around their workplace for long, not motivated ones anyway. A place where your efforts go unnoticed, your achievements unappreciated and your skills untrained—would you stay?
The Importance Of Refocusing On Your Human Resource Practices
When it comes to HR practices, managers are often blinded to the flaws in their design due to the load of core responsibilities. Chances are it is not a huge flaw violating any employee rights. But there is always room for improvement.
Private Healthcare Exchanges: What’s The Real Story?
As far as benefit packages are concerned, it is a given that one size does not fit all. That is to say, what works best for a younger, enter-level employee might not sit well with an old empty nester.
Key Person Benefits Defined
What Is Key Person Insurance? Key person insurance, sometimes called keyman insurance, helps a business stay financially stable if an owner, founder, executive, or essential employee passes away. The policy is designed to give the company financial support during a difficult transition. For many businesses, certain people are closely tied to revenue, leadership, client relationships, […]
What the 2017 Trump Healthcare Executive Order Meant for Employers
What the 2017 Trump Healthcare Executive Order Meant for Employers Updated Note: This article discusses the 2017 healthcare executive order and its impact on employer benefits planning. While some rules and market conditions have changed since then, the topic remains useful for understanding how federal healthcare policy can affect plan options, employee communication, and long-term […]
