Practical HR Tips, News & Advice. Updated Daily.
by David Kates, Lenox Advisors Employee benefits professionals should be aware that while their company’s top executives are well protected via their life insurance coverage and retirement plans, these same executives could be woefully exposed in their disability insurance coverage. Often, a company’s top earners have coverage that isn’t up to the task of protecting […]
As you’ve perused coverage of the new requirements placed on 403(b) plans, you may have experienced mixed feelings. Even though the requirements to maintain a written plan document and to file a Form 5500 are no more burdensome than those placed on sponsors of other qualified plans, 403(b) plan sponsors are starting from a deficit […]
For many employees, there’s nothing like a week in the mountains to spend time with their family and recharge—especially when the vacation is on the company’s tab. For nearly half a century, Freese and Nichols, Inc., (www.freese.com) has owned a cabin in Red River, New Mexico, and made it available to employees to use for […]
Turbulence in the economy means that many companies are looking toward their benefits package as a way to save money. But the employee benefits package is a critical tool to attract and keep top-quality employees. It should be designed with those employees firmly in mind, appealing to what is important to them and giving you […]
by Paul Risner, U.S. Preventive Medicine Corporations are flocking to wellness programs, and it appears they will continue to do so for quite some time. According to a 2007 survey of CEOs of global companies, conducted by PricewaterhouseCoopers Health Research in conjunction with the World Economic Forum, more than half of multinational corporations expect to […]
A recent survey by Deloitte & Touche revealed that 4 in 10 executives plan to use the current economic difficulties as an opportunity to recruit top talent for their companies, reports Fran Durekas, founder and chief development officer of national childcare provider Childrens’ Creative Learning Centers (www.cclc.com). It’s no secret that some of that top […]
Ghosts and goblins fill the halls of Lois Paul & Partners (LP&P) for the annual Halloween party, but employees’ children will not be the only ones decked out in costumes. Each year, the Boston-based public relations agency invites employees to bring their children in costume to visit the office, participate in a “Halloween Parade,” and […]
“A lot of folks don’t understand their health benefits and their pharmacy benefits as well as they could,” says Ed Pezalla, M.D., medical director of Aetna’s Pharmacy Management Program. That incomplete understanding impacts employee health much more than you might suspect. And what impacts employee health impacts your company’s healthcare dollars. Pezalla suggests some minor […]
We can give you a rundown on the trends occurring in employee benefits, such as how companies are dealing with increases in the cost of their healthcare plans. We can tell you how they’re shifting costs and changing approaches, and you may find it interesting in a purely academic way. Trends often focus on very […]
When people are asked to rate other drivers, most won’t hesitate to say that a large percentage of those they share the road with are bad drivers. But when they are asked to rate themselves, the vast majority will say that they consider themselves to be above average drivers. The same phenomenon seems to apply […]