Employee Benefits

3 Things to Know About Prescription Drug Plans and Benefits

Americans are frustrated with the cost of prescription medications. Last year they spent about $450 billion on generic and name-brand prescription drugs. The Centers for Disease Control reports that the United States expends the most of any country in the world on drugs, which accounts for about 17 percent of total health care spending. Here … Read Full Article

6 Ways Employers Can Increase Employee Retention

Signs of economic growth are encouraging American businesses to expand operations and hire more workers. But employers know an improved economy can inspire current employees to look for other employment opportunities. The Society for Human Resource Management reports that 60 percent of employees consider benefits important to overall job satisfaction. So, to keep valuable employees, … Read Full Article

Engage Millennials With the Student-Debt Repayment Benefit

Engage Millennials With the Student-Debt Repayment Benefit

Employers are searching for solutions to keep millennial employees engaged with their work. A recent Jobvite survey showed that 42 percent of Millennials change jobs every 1 to 3 years, compared to 18 percent for other workers. This turnover rate costs United States employers over $30.5 billion each year. Turnover reasons Research indicates that a … Read Full Article

benefits communications

3 Ways to Help Employees Find the Right Benefits Coverage

Shopping for an item in the store can be frustrating if you don’t know exactly what you’re looking for and where to find it. The experience can be even more challenging if you can’t find a store associate to help you. Many employees feel the same way when selecting health care benefits plans. The wording … Read Full Article

3 Ways Employers Can Simplify Benefits Communication

3 Ways Employers Can Simplify Benefits Communication

Employees are more likely to enroll in benefits plans if they understand their coverage choices, according to a survey featured in Employee Benefit News. Interestingly, only 33 percent said benefits information was easy to understand. To keep employees engaged with their benefits, and their jobs, employers can simplify benefits communication in three ways: Strategic plan … Read Full Article

Increase Employee Productivity and Engagement by Focusing on Well-being

Increase Employee Productivity and Engagement by Focusing on Well-being

Employers are discovering that focusing on overall well-being improves employee engagement and productivity. Healthier, happier employees take fewer sick days, reports the Centers for Disease Control and Prevention, so employers can count on them to support business operations. Consider four factors that impact employee productivity: 1. Stress – Most employees today juggle many work, family … Read Full Article

4 Ways Benefits Help Employee Retention

Most employers have a powerful asset for employee retention, but few use it effectively. It’s their employee benefits plans. On average, employers lose 20 to 50 percent of employees annually, reports Bain & Company. While there are many factors that influence employees’ decisions to change jobs, an excellent benefits package can impact their decision to … Read Full Article

How to Select and Communicate Employee Benefits

Many employees spend less than 30 minutes reviewing their benefits at enrollment time, often because they do not understand their choices, or the benefits offered may not meet their needs. Employers need to invest time in selecting the right benefits options for employees and communicate benefits effectively. Here are four tips for success: 1. Offer … Read Full Article

2017 Trends for Employee Benefits

2017 Trends for Employee Benefits

With the start of 2017, many employers have introduced new employee health benefits. However, some employers roll them out mid-year. If you’re researching options for employee benefits, consider these trends as featured in U.S. News and World Report: 1. Expand physical wellness to overall well-being – For years, workplace wellness programs have encouraged employees to … Read Full Article

3 Emerging Trends in Wellness Programs

3 Emerging Trends in Wellness Programs

First introduced in businesses over 40 years ago, wellness programs have become important employee benefits. Currently, about 83 percent of large employers provide wellness choices to encourage employees to establish health goals and pursue active lifestyles. Early wellness programs focused on health screenings and educational services. But new trends are emerging as employers seek to … Read Full Article

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