Topic: employee benefits

benefits

3 Ways to Communicate the Value of Employee Benefits

Private sector businesses spend 31 percent of employee compensation budgets on benefits. However, many employees don’t appreciate or understand the value of the benefits plans provided. They believe compensation and benefits cost much less than the actual investment. Interestingly, many employees look at the quality of benefits when considering whether to stay with their current … Read Full Article

Happy waitress working at small business with employee benefits.

3 Ways Small Businesses Can Succeed With Employee Benefits

In the U.S., approximately 27 million small businesses employ over 60 million workers. Small business owners rely on employees to work with customers and keep operations running smoothly. However, finding and keeping great employees can be challenging. Providing benefits and perks enable businesses to recruit and retain top team members, and helps keep them healthy … Read Full Article

insurance benefits

5 Questions to Ask When Reviewing Health Benefits

It’s that time again: open enrollment season for employee benefits. Throughout the country, employees will be asked to sign up for benefits, modify plan coverage options or review new choices. Employees often are overwhelmed by the enrollment process and are uncertain which insurance benefits will provide the best coverage for their needs. Here are five … Read Full Article

broker relevancy

Brokers Remain Relevant: 4 Ways to Stay on Top

Changes in the health care industry have transformed employee benefits and challenged brokers to develop different relationships with employers. To stay relevant, brokers need to adapt to market trends by enhancing their business practices. Consider four strategies:   1. Invest in technology – Employees research and make benefits purchase decisions online. Brokers should be knowledgeable … Read Full Article

employee benefits

Dental and Vision Benefits Link to Employee Retention

Benefits are more important to employees than overall pay or compensation, according to a study by the Society for Human Resource Management (2015). This makes benefits an excellent retention tool for large and small employers. A Wells Fargo study revealed that 85 percent of benefits managers believe benefits have the most impact on employee loyalty … Read Full Article

employee benefits

5 Benefits and Perks Employees Value

Employee benefits can influence workers’ decisions when choosing a new job or staying with a current employer. According to 2015 Glassdoor research, 4 in 5 employees would prefer new or additional benefits to a pay raise. The researchers also found that some benefits matter more to employees than others. Here’s a list of five preferred … Read Full Article

employee engagement

Benefits Provide Opportunities to Engage Employees

Employers rely on dedicated employees to keep them in business. To be engaged, employees need to feel valued, cared for and satisfied on multiple levels. Employers should focus on supporting employees’ well-being, including their physical, financial, social, personal and family needs. Comprehensive Coverage The most effective benefits are ones that fit employees’ needs. A comprehensive benefits … Read Full Article

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