Benefits in a Multi-generational Workplace

| posted in Blog, Newsletter

With multiple generations working side-by-side in this economy, the needs of your staff in terms of employee benefits will vary greatly depending on their age. You may have baby boomers who are nearing retirement and have health issues, working with staff in their 30s who are newly married and have had their first kids. And those who are just entering the workforce have a different mindset about work and life than the generations before them. Because of this, employers have to be crafty in how they set up their benefits packages so that they address these various needs. But don’t…
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Employers Double Down on Employee Benefits

| posted in Blog, Newsletter

As the job market tightens and competition for workers becomes fiercer, a majority of employers are boosting their employee benefits offerings and are paying less attention to reducing associated costs, according to a new study. The changes reflect the shifting priorities of the workforce and the newest generation to enter the job market. The challenge for employers is controlling benefit costs, while at the same time being able to attract and retain talent as competition for workers increases. The “2018 Benefits Strategy & Benchmarking Survey” by Gallagher Benefits found that U.S. employers were most concerned with: Attracting and retaining talent….
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How to Combat the Rise in Healthcare Costs

| posted in Blog

Healthcare costs in the U.S. are at an all-time high, and organizations and individuals are continually looking for ways to reduce the rising costs and maintain affordability in healthcare. With spending levels reaching unsustainable highs, there are ways that employees and employers can work together to reduce the overall healthcare liabilities. As individuals bemoan the reduction in their take-home pay due to healthcare costs and employers find themselves digging deep to support their employees, all parties are looking for options they can explore together.

5 Things You Should Do After Open Enrollment

| posted in Blog

Open enrollment is over! Time to take a breather after the chaos, right? Not so fast. There are still a lot of tasks on your plate. Research shows that people who like their health plans are more likely to stay with the company. But, many people do not understand the coverage that they have. To help them better understand the benefits that they have available, put this post open enrollment plan into place. 1. Write an email explaining special enrollment periods and when they might apply to employees. In most cases, employees can only enroll in new health coverage during…
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5 Tips You Can Use for Open Enrollment Success

| posted in Blog

Open enrollment for the new year’s health insurance plans can be one of the most hectic times of year for you and your human resources department. This is the one chance many employees have to make healthcare decision that will affect them all year long. You want to do everything you can to make your enrollment a success for the people who work for you. 1. Start early. The earlier you begin, the smoother your open enrollment process will be. Begin by reviewing your current insurance offerings with your broker, network partner and third-party administrator to assess your current plan’s…
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The Top 5 Free Tools You Can Use to Simplify Open Enrollment

| posted in Blog

Most human resources professionals aren’t fortunate enough to have a line item in their budget for “Open Enrollment promotion,” so you have to get creative! Having a great enrollment season requires a great deal of dedication and perseverance on the part of the HR and benefits team, and that includes finding free or inexpensive ways to encourage people to enroll early (and correctly) to receive the benefits that your organization provides. We have found that these 5 free tools are extremely effective ways to help employees understand their benefits and make their benefits decisions! 1. Create a Benefits Overview Video…
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5 Ways to Reduce Confusion During Open Enrollment

| posted in Blog

Keeping everyone on the same page during your employee benefits enrollment period can be a challenge. From new employees who need to learn the ropes to individuals who are having a difficult time with technology, communication is critical throughout the open enrollment process. Creating an employee benefits enrollment process that works not only for the Human Resources team but also for the rest of the organization requires time and planning to effectively execute. Benefits are an incredibly important part of an employer’s payroll costs, making up approximately 32% of the total payroll. That makes it critically important that open enrollments…
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The 4 Things Benefits Brokers Aren’t Telling Telling You

| posted in Blog

  If there is one thing that you can be sure of, it’s that benefits seasons will continue to roll around — and continue to cause challenges for HR departments everywhere. There are a range of decisions that need to be made each year, and one of the most important is determining how you can improve the process each year and reduce your overall frustration and pain points. You need to select someone that you can trust to be there when you need them. Plus, they must have the best interests of your organization and your employees in mind at…
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5 Employee Benefits that Help You Attract Top Talent

| posted in Blog

What value do you place on your employees? If it’s compensation alone, you are offering no more than any other organization and your picks for new talent will be slim. Job seekers, especially millennials, are seeking out employers who offer more than just a fair wage–they are looking for outstanding, creative, and competitive employee benefits. It’s in the benefits that they are seeing how much an organization truly values those who are behind it. We’ve put together a list of 5 employee benefits that will not only help you attract top talent, but will also increase productivity, profitability, and reduce…
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Why Disability Insurance Is Vital for Your Employees

| posted in Blog, Newsletter

NEARLY 80% of Americans said that they had at least two types of insurance when it came to health, home and auto policies. But, only about 35% reported having disability insurance from an employer, according to a survey conducted by the Harris Poll for OneAmerica. Of the 2,100 people surveyed who did not have disability insurance from an employer, more than 40% said that employers did not offer it. About 15% said that they did not have it because they could not afford the cost, and they felt that other living expenses were higher priorities. Why disability insurance? People are…
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