Health and wellness are integral to employee performance, which helps explain why employers are investing more in their employee benefit offerings. In June of 2018, the average cost of benefits rose by 2.9%, while wage costs rose by 2.7%, according to data released by the Bureau of Labor Statistics. Also on the rise is paid [...]
The new year is a good time to look at the benefits larger companies are using to attract and retain good people. According to their 2017 Employee Benefits report, the Society for Human Resource Management tells us that HSAs, wholesale generic drug programs for injectable drugs, standing desks and genetic testing for chronic diseases are [...]
You work hard to offer your employees a comprehensive benefit package—Don’t let your benefits remain misunderstood!
Organizations identify their top challenge with benefits communication as participants not opening/reading materials. Despite challenges, benefits communication remains a high priority for most respondents.
Rarely does a day pass when there isn’t a news headline decrying how few people are saving for retirement, and among those who are saving, most aren’t saving enough.
Have you ever tried to make sense of health care bills after a serious illness? Did you fantasize about marching into your insurance company president’s office, handing him or her a box full of EOBs and demanding a real explanation of your benefits?
One of the challenges of being in the benefits field is persuading people to take action. We want them to participate in an annual health risk assessment, exercise, get their children vaccinated, save for retirement . . . the list goes on and on.
Tailoring pension and benefits messages by age or generation is a good first step toward helping plan members make better decisions. But that may not go far enough.
Preventive care is vital to keep your employees healthy. They stay healthy, you save on health care costs—It’s a win-win for employees and employers.