Extending Your Benefits Program with Voluntary Offerings
As an employer, you have something that costs you nothing, but might be of great value to your employees: bulk purchasing power. That's the fundamental driver of voluntary benefits, one that you can harness to effectively increase employee compensation at no incremental cost. The trick is to make it meaningful and maximize employee participation. Here's how you can accomplish this.
Telemedicine Explosion Coming to a Health Plan Near You
Telemedicine is not new. It dates back to the 1970s. Its popularity, however, is accelerating as employers grapple with ever-rising health care costs, and access to broadband Internet service spreads. Another driver of the explosion of telemedicine services is a looming shortage of primary care physicians, who provide the kind of care that mass market telemedicine offers. Here's a closer look.
Medical Emergency at the Worksite? Take Steps to Prepare
When you hear the phrase, "accidents happen," it usually means there's been a mishap of some sort. But what about an accident involving physical injury, or other kind of medical emergency? Taking some basic steps to be ready to deal with these types of issues can help prevent the severity of the problems from escalating to catastrophic levels.
Meet Gen Z: The Future of Your Business
Think your managers are juggling multiple generational needs now? Wait a second. In two to five years, another generation with yet more different characteristics, needs and demands will be flooding the job market. A recent study outlines what to expect from "Generation Z" and how it differs from, and is similar to, the Gen Y currently staffing your business.
Maximizing the Return on Health Improvement Programs
Asking employees to shoulder more of the health benefits burden can provide a temporary financial respite for employers, but does little to get to the roots of rising costs. Having healthier employees can do more. Yet causing employees to improve their health through wellness programs has been an elusive goal for many employers. Don't give up. Keep reading for the principles of an effective health promotion.
Court: Missing COBRA Notice Led to Hefty Legal Penalties
It's no small matter when an employer fails to provide a terminated employee with a timely COBRA notice. But if the lapse is determined to be intentional, the employer may be hit with penalties and other costs that mount quickly. One company found out the hard way just how serious this offense is, when a former employee took it to court. This article explains the recent case.
Is Your Retirement Savings Potential Limited by a Poor Plan Design?
Taxes can put a huge dent in your ability to set aside enough money for your own retirement. The same may be true for other highly compensated and key employees on your company's plan. That's why the last thing you need is for your plan to fail the IRS anti-discrimination tests. If that happens, your ability to contribute to your company's 401(k) will be further limited. Here's a closer look at the problem.
Employer Considerations When Domestic Violence Affects a Staff Member
One in four women will experience some form of domestic violence during her lifetime, according to the U.S. Centers for Disease Control and Prevention. Chances are, at least one of your organization's employees is included in that statistic. Of course, men can also be victims, though the rate of incidents is much lower. While you might have plans in place to help victims in your workplace, developments in employment law are already addressing the subject.