Practical HR Tips, News & Advice. Updated Daily.
There are few certainties when it comes to today’s health insurance industry. More than ever, employers are seeking help when it comes to navigating a rapidly changing regulatory landscape and developing a benefits strategy that will be cost effective, compliant, and aligned with employee needs.
Employees may be one of the largest expenses for a company, but talent is also a company’s greatest asset. And in today’s increasingly competitive marketplace, more and more companies are looking to benefits packages to maintain their competitive advantage to attract and retain top employees. Because of this, it is critical for human resources departments […]
Any HR professional currently in the throes of planning for open enrollment season would agree that this is an incredibly stressful time of year. Not only are they tasked with their usual responsibilities—retirement, recruitment, new hire onboarding, and payroll—but they’re also charged with the additional duty of ensuring that employees have all the information and […]
by Karen Gustin, executive vice president of Ameritas Group Division We know that when it comes to health benefits, employees want choices. And they expect their employers to help them understand those choices. Studies show that people are more satisfied with their jobs, and less likely to look for other employment opportunities, if they believe […]
Open enrollment is an opportune time to educate employees on the traditional and voluntary benefits available to them, and a recent survey suggests that this type of education is needed.
By Jeffrey Hemker, national manager, Retirement Division, Invesco Plan sponsors spend a significant amount of time crafting and deploying employee benefit communications, with 73% using e-mail to get the word out. Despite these efforts, 80% of participants do not open and read materials and, of those who do open, almost half don’t fully understand the […]
By Chris Ceplenski, BLR Managing Editor, News “The pendulum for benefits responsibility has swung back over to the employer.” “We saw a drastic rise in enrollment in our high deductible health plan (HDHP) when we renamed it an HSA plan.” “Benchmarking against your competitors is important, but don’t be a copycat.” “Eliminate the benefits-speak and […]
By Chris Ceplenski, BLR Managing Editor, News A number of the sessions at WorldatWork’s 2016 Total Rewards Conference touched on—and sometimes focused significantly on—the importance of effective communication with employees regarding their benefits.
By Caitlin Far, senior communications consultant, Burnham Benefits Insurance Services In part one of this article, we looked at the steps required to build a healthcare education campaign. Now we’ll look at how to distribute it across the organization.
Any employee benefit program will better meet its objectives if an employer communicates about it effectively. And perhaps no other employee benefit plan requires as much careful attention to employee communication as a 401(k) plan (see ¶102 in Thompson’s The 401(k) Handbook). Pre-tax 401(k) plans are unlike employee savings plans that use after-tax contributions, and […]