Most employers have a powerful asset for employee retention, but few use it effectively. It’s their employee benefits plans. On average, employers lose 20 to 50 percent of employees annually, reports Bain & Company. While there are many factors that influence employees’ decisions to change jobs, an excellent benefits package can impact their decision to … Read Full Article
Many employees spend less than 30 minutes reviewing their benefits at enrollment time, often because they do not understand their choices, or the benefits offered may not meet their needs. Employers need to invest time in selecting the right benefits options for employees and communicate benefits effectively. Here are four tips for success: 1. Offer … Read Full Article
With the start of 2017, many employers have introduced new employee health benefits. However, some employers roll them out mid-year. If you’re researching options for employee benefits, consider these trends as featured in U.S. News and World Report: 1. Expand physical wellness to overall well-being – For years, workplace wellness programs have encouraged employees to … Read Full Article
First introduced in businesses over 40 years ago, wellness programs have become important employee benefits. Currently, about 83 percent of large employers provide wellness choices to encourage employees to establish health goals and pursue active lifestyles. Early wellness programs focused on health screenings and educational services. But new trends are emerging as employers seek to … Read Full Article
Are cash incentives the best way to motivate employees to engage in wellness programs? Kaiser Family Foundation reports that 83 percent of large employers offer wellness programs, such as smoking cessation, weight loss and health coaching, with the goal of encouraging employees to reduce health risks. But employers, large and small, often struggle to find … Read Full Article
Do employees need carrots or sticks to encourage them to adopt healthy lifestyle habits? That’s the quandary many employers tackle when deciding whether to offer incentives and rewards to encourage employees to participate in wellness programs. Intention vs. action Most people like the thought of working out and becoming healthier, but they struggle to make … Read Full Article
When employees don’t feel well and miss work, business operations can suffer. While many are sick due to common cold viruses or the flu, problems with dental, vision and hearing also can impact employees’ health and productivity. However, insurance benefits can make a difference by helping employees pay for the health they need. Dental health … Read Full Article
Private sector businesses spend 31 percent of employee compensation budgets on benefits. However, many employees don’t appreciate or understand the value of the benefits plans provided. They believe compensation and benefits cost much less than the actual investment. Interestingly, many employees look at the quality of benefits when considering whether to stay with their current … Read Full Article
Even though you brush and floss your teeth daily, you still may need a filling, root canal or crown during the year. Dental insurance helps offset these unexpected costs.
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It’s that time again: open enrollment season for employee benefits. Throughout the country, employees will be asked to sign up for benefits, modify plan coverage options or review new choices. Employees often are overwhelmed by the enrollment process and are uncertain which insurance benefits will provide the best coverage for their needs. Here are five … Read Full Article
