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It goes without saying that your workforce is eminently diverse, and with that diversity comes a corresponding diversity in the kind of employee benefits they would most prefer. The answer is clear: a benefits package that is only intrinsically valuable but that is also broad and variegated so as to cater to diverse needs and preferences.
It's not enough to just offer great benefits to your employees and to make them aware they exist. The third leg of the stool is being available to help educate your workers on the ins and outs of each benefit and give them the knowledge they need to make wise choices in this arena.
Employers who are trying to formulate the ideal employee benefits package should take advantage of professional benefits consulting to give them ideas and to guide them through the legal and HR details of turning such ideas into successful realities.
Bolstering the appeal of your business to potential new workers is a two-way street. Both employees and employers stand to benefit from a smartly developed and creatively deployed benefits package.
As your small business grows, the need for a distinct HR Department to handle hiring, firing, employee training, payroll and deductions, employee benefits, and compliance becomes obvious.
The Affordable Care Act's (ACA's) annual updates in cost-sharing limits for group health plan coverage impacts employers, as they could face steep penalties for failing to provide affordable coverage under the ACA's shared-responsibility provisions.
Technically, you can buy health insurance anytime of year - but there are many plans that are only available during open enrollment or during a special enrollment period if you qualify for one. The open enrollment clock is already ticking away for 2019 coverage - here's what you need to know.
To be competitive in the modern US business environment, it is not enough to have a great product or service, advertise it effectively, and pay your workers a “reasonable” salary.
Aside from ordinary wages, workers in today's US economy are looking for valuable non-wage compensation in the form of various employee benefits. Last time, we divided all employee benefits into three basic classes: legally required, basic, and elective. Here, we want to delve into the variety of different benefits that can be part of a full-fledged benefits package that will attract and retain top talent.
One of the most important of all types of supplemental health insurance is clearly accident insurance. Accident insurance is designed to give you extra protection against out of pocket cost incurred as a result of a qualifying accidental injury. It is currently one of the most popular of all "peripheral" insurance types, and for a number of very good reasons.