Typically, employees think about their benefits two times: when they are first hired and the day before benefits elections are due. This year, however, things are very different. According to recent research from Voya Financial, 71% of employees plan to spend more time reviewing their voluntary benefits this year compared with last. The reason for […]
Tag: Voluntary Benefits
While stress does not always stem from work, it often filters into the workplace. Employers today recognize this and see voluntary benefits as a way to ease the impact financial stress has on employee well-being and performance.
In its inaugural “State of Employee Benefits 2016” report, Benefitfocus found companies are altering their healthcare plan design to shift greater financial responsibility to employees via voluntary benefits, driving the need for a different approach to healthcare consumption. These benefits can be powerful tools in helping cover the costs associated with consumer-driven health care, says […]
In yesterday’s Advisor, Steve L. Adams shared some of the advantages of voluntary benefits and how to facilitate enrollment; today, we present more findings regarding this trend in compensation and what to consider for 2015.
In yesterday’s Advisor, Navera president and CEO Steve L. Adams provided tips on taking advantage of voluntary benefits; today, we share more on this compensation trend and how to ask the right questions for 2015.
Offering voluntary benefits can take costs off the shoulders of employers—and also attract new talent. Benefits expert Steve L. Adams advises companies to provide these benefits in a way that resonates with the modern employee … and then reap the rewards.
Voluntary benefits can have a very positive effect on recruiting and retention, and with little cost being shouldered by the employer. Steve L. Adams, an expert in the field of benefits and insurance, emphasizes that in order to reap the rewards of these offerings, you must be sure to implement them in a way that […]
Employees may think that they can’t afford a big policy, but it’s often a good idea to join the plan at the lowest level and cost, even if the policy is not large, says consultant Mike Miles. That gets your foot in the door and often ensures that you can “buy up” in the future […]
Miles is vice president and senior employee benefits consultant at Gregory and Appel Insurance. During his presentation at a recent boot camp sponsored by BLR®, he was joined by colleague Janet McClure, vice president and worksite marketing team leader. What Are Voluntary Benefits? “Voluntary benefits” are generally insurance products sold to employees at work through […]
While voluntary benefits are scoffed at by some as “garbage benefits that never pay,” such benefits may be very attractive to some employees and may help companies currently reviewing their benefits packages in light of the Affordable Care Act, says consultant Mike Miles. Miles is vice president and senior employee benefits consultant at Gregory and […]