Some health care cost efforts have drawn closer attention. Here is a look at Social determinants, Self-funded trusts and Onsite care, and how they work.
Want to know what benefits are highly coveted nowadays? Fertility and family-forming benefits. Out of 1,000 respondents, only 12% had these benefits and 50% of them don’t feel what their company offers is enough to cover their needs, according to a new study by Carrot Fertility, a global fertility benefits provider for employers, in collaboration […]
Recovering financially from the pandemic hasn’t been easy. Some firms managed to avoid layoffs and furloughs by lowering their budget in areas like benefits costs. In a time when some companies are throwing all sorts of benefits at employees, this is no easy feat. The key is to find a balance between controlling costs and […]
Your workforce carries higher education debt than you think. Sixty-five percent of college-educated Americans are managing student loan payments right now. On average they owe $39,351 each, according to First Republic Bank. Carrying a financial burden that heavy can impact employee wellbeing and productivity. Especially when COVID-19 federal relief benefits eventually will expire. What employers […]
The pandemic was a huge financial stress on many people. So, offering benefits, like emergency savings accounts funded by payroll deductions, is growing in popularity and one way you can help employees. Recent research shows that 37% of U.S. households couldn’t come up with $400 for an emergency expense if necessary, and 52% of mid-income […]
As the U.S. starts to return to work and the new “normal,” there are four factors risk management expert Pete Edgmon says employers “need to be mindful of.” They are: Employee demographics: Firms have to consider the nature of the company when evaluating health plan costs. For example, do employees do strenuous labor or do […]
Vacation time isn’t entirely relaxing anymore. A modern employee taking time off from work may still find themselves inundated with emails, calls from their boss or even quick-task requests. Connectivity and technology are the culprits behind this “always on” culture. It can be damaging. If employees never get the chance to truly disconnect and recharge, […]
Offering in-demand employee benefits that will boost productivity is crucial if you want to attract and maintain top talent.
President Biden wants workers to be given 12 weeks of paid leave to be phased in over the next 10 years as part of his American Families Plan. Reason: Only about 20% of private sector workers had access to paid family leave in 2020, according to the National Compensation Survey. Recovering from pandemic The AFP […]