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
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
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
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 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
Benefits trends and communication tactics, demographic segments and tailored messaging.
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
Help employees understand their benefits. Small investments can deliver significant value to employees.
How employees feel about their jobs, employers, and their relationships with family and friends, affects their performance at work, researchers report. Employers who focus on employee well-being, by providing benefits designed to help workers maintain good health and take care of personal needs, are more successful. The Centers for Disease Control and Prevention reports that … Read Full Article
When you purchase a new appliance, you probably spend time evaluating the choices, soliciting advice from family and friends and comparing price options before making the final decision. Choosing benefits can be a similar experience. Medical insurance options can be complicated, but dental and vision benefits are less complex. However, before picking a plan, you … Read Full Article