Employee benefits count for about 30% of employers’ total compensation spending. Most employers offer benefits to help employees take care of their personal and family needs. But research shows that employees aren’t satisfied with their benefits. Many complain they don’t understand what their plans cover. And 48% of employees surveyed admit not knowing about all … Read Full Article
Nearly 70% of college students with bachelor’s degrees graduate with student loans. The Federal Reserve reports that over 44 million American adults owe $1.5 trillion in student loans. Many employers are exploring options to assist employees in repaying student loans. Here are four things employers can do to help workers with student loan repayment. Use … Read Full Article
Finding and retaining talented employees is a challenge for employers of all sizes across the country. Although businesses in each industry face different issues, the competition for the best workers is the same. Employers can create a competitive advantage by aligning their benefits strategies with their business goals. This means offering the benefits and perks … Read Full Article
Losing talented employees ranks among the top issues on employers’ minds, reports a new survey of human resource professionals. Among the challenges that keep employers awake at night are attracting, engaging, and retaining talented and diverse employees. How to compete for talent: There is one thing we know for sure. More and more employees are … Read Full Article
Millennials make up 35 percent of today’s labor force. Born between 1981 to 1996, millennials will comprise 75 percent of employees by 2025. Employers are struggling to find and keep top millennial workers as high base salaries and traditional benefits packages no longer provide a competitive advantage. Instead, employers must provide the benefits and perks … Read Full Article
For years, voluntary benefits have been popular with employees. These plans offer additional health and personal coverage choices outside of employer-sponsored health plans. Voluntary plans also are effective in helping employers find, keep and engage employees. Stretch budgets, meet needs Most businesses have employees from several generations working together, all with different work styles, interests, … Read Full Article
Did you know that pediatric dental in a medical plan is not the same as pediatric dental in a stand-alone dental plan? Here are tips to help you understand the differences in coverage: Dental within medical plans When you consider a medical plan with dental coverage embedded, know how the plan is designed. Along with … Read Full Article
Health care expenses continue to eat away at employees’ take-home pay. Despite government efforts to reduce health care costs, Bloomberg reports that prices continue to increase and are affecting the United States economy. Most employers provide health insurance coverage to assist employees with medical expenses, usually covering a portion of the premium cost. Here are … Read Full Article
How can employers successfully recruit and retain top talent? One key way is to offer benefits employees want, such as help repaying student loans. A recent Employee Benefit News webinar featured experts who addressed the challenge of how employers can help employees pay off student loans and save for college. During the webinar, the expert … Read Full Article
Employee turnover continues to plague businesses. Over 80 percent of workers of all ages are open to new job opportunities. The Center for American Progress reports that when an employee leaves, employers spend between 16 percent to 213 percent of the lost worker’s salary, depending on the job level, to hire someone new to fill … Read Full Article
