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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.
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.
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.
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.
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?
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.
Communicate. An initial discussion before they are hired and frequent communications thereafter will ensure everyone remains engaged and up-to-date. Communicate in language your employees understand. If your company uses an intranet site, it can serve as an easy way to communicate benefits information. Keep it relevant.
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.
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?
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.
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.
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.
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.
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.
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
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.
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?
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?
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.
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.
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.
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.
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.
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.
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?
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.
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.
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.
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.
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.
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.
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.
However, Bruce McClary, former debt collector and senior vice president of membership and communications at the National Foundation for Credit Counseling , says you shouldnt ignore late notices. The true cost of operating a vehicle also includes insurance premiums, fuel costs, maintenance expenses and in some cases parking fees.
Leverage Partnerships: Make use of existing relationships between healthcare providers, wellness organizations, or insurance brokers and you – such as discounts on rates or free services add-ons that can stretch your budget further. Solution: Communicate effectively and offer incentives.
Ask employees to complete a survey – typically on annual basis – that asks questions about their level of engagement and satisfaction, as well as their perceptions of the workplace environment, leadership and communication. You can also use them to gauge the feasibility or popularity of a major change or new idea.
For small- and medium-size businesses, worker’s compensation insurance costs can be exorbitant. The best PEOs will also help you define a process for ongoing communication between the two leadership teams to build rapport and alignment of the teams. It’s difficult to attract, train and retain talent.
Make each candidate feel like a VIP by keeping in touch and communicating your timeline. You want to make the process of saying yes to your company’s offer as straightforward and uncomplicated as possible. Treat them like VIPs. It’s important to consider the candidate experience.
Authority marketing allows your company to dramatically amplify its ability to communicate with a specific audience (and convert sales) by positioning your organization as a go-to resource in the marketplace. Listens and communicates well. Examples of such alliances can vary to fit your company’s size and offerings.
Pricing and Insurance Coverage. When it comes to insurance, your best choice depends on your personal situation. But Talkspace appears more aggressive in ensuring providers who may accept your insurance coverage within your state. BetterHelp also works with some insurance providers. It also has tiered available.
Focus on communication and transparency of the process – and ensure your HR staff that this move is happening to empower them, not compete with or replace them. Let them know things like: “You’ll have a variety of health insurance policies to choose from, instead of just one.”. But, don’t try to sugarcoat everything, either.
The best way to do this is by establishing direct lines of communication with your employees. As you encourage the open flow of communication , an atmosphere of trust will slowly begin to build. Do the jaded employees have a manager they trust that they would be more open to communicating with? Insure what you’ve built.
Trailblazing architecture and design firm Blitz recently completed a 14,000 SF office for industry leading business insurance brokerage firm, Poms & Associates in Calabasas, CA. The overall atmosphere is open and light, yet consideration is given to privacy where needed.
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