This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Health insurance is often the biggest-ticket item in any company’s benefits package, and the cost of health insurance rises on average each year , historically. Companies spend a lot of money, time and effort to make their benefits competitive and provide quality group health insurance plans to employees.
The business case for employee wellness Your business should prioritize employee wellness if leadership cares about: Reducing healthcare claims and containing benefits costs (particularly health insurance). Many of these services may be available through current insurance carriers as value-add programs. Be more flexible.
Standard” benefits may include: Health, dental and vision insurance Retirement savings plan, with a company match Life insurance Disability insurance Workers’ compensation insurance Paid time off (PTO) – two weeks per year at a minimum, three weeks per year preferred. Publicize your benefits. Notify them in writing.
One thing that can easily be improved is the way you communicate updates to your stakeholders. 5 tips for sending process emails 6 sample emails to employees about a new process How to communicate new processes with Fellow What is a new process email?
From employer-sponsored health insurance to retirement savings plans, an attractive benefits package can help you hire the best employees and ensure you retain them for many years to come. It’s likely a result of ineffective communication and education. Outside vendors, such as the insurance provider and investment company.
This includes: Retirement account (401(k)) Health insurance (along with dental and vision insurance) Paid time off (PTO) Life insurance Disability insurance. Everything boils down to good, regular communication. That’s why it’s imperative for managers to maintain regular communication and a constructive dialogue.
These things have become so commonplace that employees expect them, such as: Health insurance Dental insurance Paid vacation and sick days 401(k) retirement plan Disability insurance Life insurance Workers’ compensation Unemployment insurance. Document and communicate your perks.
With the recent global tech outage causing multiple days of flight cancellations and thousands of stranded passengers, the discussion around travel insurance has become even more relevant. Travel insurance is one of those things you don’t need until you really need it, so many people choose to travel without it.
Currently, employers can offer incentives up to 30% of the total cost of health insurance. You’ll want to decide how you want to communicate your recommendation to your workforce, ensuring everyone gets the message. Maintaining workers’ compensation insurance is the best guard against this risk. Discrimination.
You’re probably well-aware of the direct costs you pay in workers’ compensation insurance premiums, but you may not have considered the indirect costs of on-the-job accidents and injuries. Your workers’ compensation insurance carrier – Many carriers provide fee-inclusive safety consultation services to their customers.
Their benefits include: Healthier employees, which can help companies contain health insurance costs Less absenteeism and, therefore, greater productivity Higher morale A sense among employees that their employer cares about them in a holistic manner – beyond their functional role at work – which can strengthen loyalty and improve retention.
Essential elements of the return-to-work process: Communicate the process and all expectations in writing to the employee at a designated time before they’re expected to return. Reduce costs associated with workers’ compensation , disability and medical insurance (if an employee can return to work faster). These laws vary by state.
Develop an employee communication plan. Developing a solid communication plan is just one way to remove stress from the whole process for both you and your employees. From there, create a communication schedule to remind employees of the benefits enrollment period. Benefits enrollment is, by nature, a sensitive topic.
From communicating the importance of information security to new employees to dealing with the potential information security issues every company faces, you play a vital role in keeping company information safe. Communicate the company’s data security policy across the organization. What measures will be taken to protect data?
Everyone wants less expensive benefits and insurance (and without having to scale back on coverage). No matter what, you must commit to open communication , transparency and active listening with employees. Employers may tend to focus mainly on hard costs when evaluating business efficiencies and savings.
Plan your communications and first steps. Here’s how: Prepare internal and external communications in response to specific events, such as templates for an email or initial announcement. A “business interruption” add-on to your insurance policy can even reimburse you for lost income related to property damage.
Open-door communication. Many companies provide a basic benefits package that may offer employees access to things like: Health insurance. Dental insurance. Vision insurance. Life insurance. Disability insurance. Examples of good culture qualities that people commonly seek out include: Flexibility.
There’s a place for addressing current events at work, and it should be part of your overall communication planning and strategy. So, how do you get started incorporating these guidelines into your communications plan? Communicate about specific, relevant current events. The 411 on current events at work.
Communicate this to the rest of the team to avoid any misunderstandings or resentment stemming from lack of knowledge. Of course, military reservist and veteran employees want the same set of benefits as anyone else: health, vision and dental insurance, 401(k) and paid time off (PTO), for example.
If you want to protect your company, your vehicles and – most importantly – your employees, you should routinely communicate your company vehicle safety procedures. Secure photocopies of each new worker’s driver’s license and insurance (verifying that both are current). For larger companies, that may mean at least once a quarter.
When and how should you communicate with them? Here are some guidelines for effective communication with employees on leave to sustain your relationship and maintain a good employee experience. How should you communicate with employees while they’re on leave? What are the rule for contacting employees on leave?
Reduce employee overtime when possible, and if not possible, keep the line of communication open with employees to ensure their well-being remains a priority. Communicate available benefits, such as employee assistance programs (EAPs), and other resources. Complete a workplace evaluation with the Well Workplace Checklist.
Career advice, lessons learned on the job, and more from a culture champion at one of the Fortune Best Workplaces in Finance & Insurance™ in 2023. One skill set that can help: strong communication skills. By keeping communication loops open with employees, the culture will continue thrive. What is the No.
Health insurance Health insurance aims to assist employees with the costs of obtaining medical care. Optional dental and vision care are usually offered alongside health insurance for an added fee.) To confirm your company’s legal obligations for these types of insurance, check the laws in your particular state.
While the rules vary from state to state, there’s one consistent underlying theme: To qualify for unemployment insurance, employees must have lost their jobs through no fault of their own. Unemployment claims chip away at your bottom line — racking up charges to your unemployment insurance account and increasing your tax rate. (An
Regardless of whether you rent or own your workspace, it’s a good idea to contact your insurance agent about coverage for pet-related damages. If you do open your office to pets, it’s best to decide on and communicate policies ahead of time. Some ideas include: Offer a discount for pet insurance. Host a happy hour at a dog park.
As a co-employer, the PEO you choose will ultimately take responsibility for processing payroll, providing workers’ compensation insurance coverage, providing employee benefits and a host of other sensitive tasks. How does the PEO usually communicate with its clients? What credentials does its staff members have?
Communication with the bereaved. Communication with your team. Know what you will communicate to customers with whom the deceased worked closely. Consider obtaining a key life-insurance policy. How do you balance the emotional needs of your people with the need for your business to continue operating as usual?
How do you communicate with your clients? Do you carry employment practices liability insurance (EPLI)? Is the plan fully insured, or self-funded? Under a fully insured group health plan, the benefits are provided through a group insurance policy issued by an insurer and the insurer guarantees the payment of claims.
Communicate. Outside of health care insurance, research ways to offer your employees a wider variety of benefits. Can they easily communicate with their coworkers? Take advantage of job websites such as Glassdoor or LinkedIn to find out how your competition stacks up when it comes to compensation, benefits and culture.
Insurance : Yes. Rates : General medical visits vary from $0–$89, depending on insurance. You can either talk by phone or meet virtually—ultimately, you decide how you’d like to communicate with your healthcare provider. Insurance: Insurance coverage is currently available in New York and California.
Unemployment insurance. Disability insurance (required in California, Hawaii, New Jersey, New York, Puerto Rico and Rhode Island). Know how much it costs you to offer these required benefits so you can include them in your budget and communicate them as part of an employee’s total compensation package (see step five).
Each generation brings distinct experiences, communication styles , and workplace expectations shaped by the economic and cultural climates they came of age in. Communication The modern workforce includes baby boomers, Gen X, millennials, and Gen Zers. And it can sometimes feel as if each group is speaking a different language.
The Health Insurance Portability and Accountability Act (HIPAA) also protects the privacy of your health information. This establishes a cooperative mindset right away, laying the foundation for open communication. In a direct but caring way, be specific about the problems that are affecting you.
You’ll also need to factor in workers’ compensation , should an on-the-job injury occur, or unemployment insurance, if you have to lay off employees. With full-time employees, you’re on the hook for providing a full-time salary, benefits, sick leave and retirement programs. Seasonal support.
A provider also gives timely, useful information and helps you communicate with employees. Maintain good communication. And the communication doesn’t stop with the provider. 2 benefit after health insurance that employees want. You play a role in this, too. Don’t be a passive administrator. It is the No.
Specifically, HR personnel can: Communicate transparently with employees. Everyone in an organization, from the C-suite to entry-level employees, bears responsibility for upholding the organization’s culture and values. But the HR team can be a strategic partner to leadership in maintaining a desirable work environment.
Most businesses that offer pawternity leave include it as part of their total pet-friendly workplace policies, including discounts for pet insurance and doggie day care, or bring-your-pet-to-work days. Other pet-friendly business strategies to consider may include: Adding discounts on pet insurance to your overall benefits package.
Make sure you have a clear understanding of your company’s complete benefits package, which may include: Health insurance Dental insurance Paid vacation 401(k) retirement plan Perks : How does your company go above and beyond, and what sets it apart from other companies?
This includes things like health, life and disability insurance, retirement savings plans, and paid time-off. You won’t find better ambassadors for your company than your own employees, but you’ll need to guide them to ensure they’re accurately communicating the best attributes of your brand.
Knowledge is power, and when people’s paychecks are involved, effective communication is even more critical. Make no mistake: It’s essential for you and your payroll managers to be informed enough to communicate changes accurately. Let your employees know that the IRS withholding tables have changed – and how that may impact them.
Communicating with your staff about an employee assistance program. In addition, EAPs are sometimes offered as a piece of the overall benefits package or health insurance plan you select. Because EAPs keep identities confidential, usage reports will never tell you who, specifically, is using the program.
gathered for insurance purposes, for example. Many states do a good job of communicating with the companies they are tasked with regulating. New technology eases many a business process, but it also creates new headaches. Take biometric identifiers, such as thumbprints and iris scans, or health metrics.
Communicate that it’s their decision whether to sign – with no pressure or recommendations. If you offer severance: Present the employee with the final agreement on their final day of work or later. You may present a draft document prior to the final day of work. Explain the agreement.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content