Annual enrollment periods are important for employees as the choices they make can affect more than their health, it can affect them financially. If an employee spends less than 30 minutes selecting their benefits, this could have long term repercussions for both them and the employer. According to MetLife, a comprehensive benefits program increases productivity …
The Best Tools to Educate Employees on New Plans Read More »
Healthcare is a delicate balance for many. A recent report found that almost a third of people who had employer-sponsored insurance (ESI) said they would not be able to pay a $500 unexpected medical bill with 8% saying they could not pay it at all. Half of the workers with ESI said they had postponed …
7 Ways Your HR Team Should Prepare For Open Enrollment Read More »
A little preparation can go a long way in ensuring a smooth, successful open enrollment season. Once you have a system that works for you, you can repeat it from season to season with just a few tweaks.
Many employers have some trouble keeping employees engaged during the open enrollment season. The sheer complexity of employee benefits can increase confusion among employees and that may be reason enough for employees to drop away. Confused employees typically do not make sound choices about their benefits programs. So it is vital that steps are taken …
Tips for Improving Engagement During Open Enrollment Read More »
The benefits open enrollment season can be riddled with obstacles, from technology that doesn’t work exactly as expected to employees that simply aren’t paying attention to the information that your human resources professionals are sharing on a regular basis. Keeping all of the many details straight while also ensuring that their daily tasks are completed …
Have you ever wondered how top companies retain their talent over time? With a radically low unemployment rate, companies are struggling to fill key positions — making it a great market for individuals with unique or niche talents that are in high demand. It isn’t surprising to learn that these individuals are looking for far …
7 Companies with Extraordinary Employee Benefits Offerings Read More »
Compliance is a word that is at the tip of every CHROs tongue, especially with the tight regulations around consumer data privacy and personally identifiable information. Protecting your business as well as your employees is a balancing act, as you need to restrict access to information while still providing people throughout your organization with enough …
Making your business a great place to work doesn’t just boost employee happiness — it can actually improve your productivity and profitability. Staff members who feel that their organization cares about them are more likely to personally invest in the work, leading to impressive gains for the business. However, there are some misconceptions about the …
The days when a worker would forge a relationship with a company, work there 50 years and then retire are long gone. By contrast, today’s average tenure at a business hovers at around four years. And, in more and more cases, employers are reporting that employees in high demand fields are likely to quit …
The steady increase in healthcare costs has long been a concern for businesses as well as their employees. There are a number of factors that account for this. From an aging population to rising prescription costs, to an increase in chronic illnesses like diabetes and high blood pressure, healthcare costs are driven up and …
6 Reasons Why Healthcare Costs Are Rising For Businesses Read More »