Today’s workforce is far less likely to remain at the same company from college until retirement. The average commitment period for younger millennials sits around two to three years. Turnover comes with a hefty price tag for employers. According the U.S. Bureau of Labor Statistics, it can cost an organization 33% of an employee’s salary. So, what does the new … Read More
3 Ways to Keep Your Employees Engaged at Work
Employee engagement keeps the world turning when it comes to the workplace. There’s tremendous power in having a staff that actually likes each other, values involvement, and communicates well. Disengaged corporate climates remain all too prevalent in today’s workforce, however. In fact, a whopping 70% of employees surveyed by Gallup report that they are not engaged at work! Matters of … Read More
COBRA Refresher: 4 Important Notices That You Need to Know About
According to the Consolidated Omnibus Budget and Reconciliation Act (COBRA), employers who offer a group health plan for more than 20 employees must offer temporary continuous coverage to qualifying beneficiaries after qualifying events. A qualified beneficiary generally is an individual covered by a group health plan on the day before a qualifying event who is either an employee, the employee’s … Read More
Is Your Healthcare Plan Covering People It Shouldn’t?
If you provide an employer healthcare plan, it’s vital to ensure only the correct people are covered. Comprehensive healthcare insurance is one of the most important benefits you provide to employees, so keeping premiums down matters to everyone. One of the main causes of rising premiums and healthcare costs is when ineligible people continue to be covered on a healthcare … Read More
Health Insurance and Large Groups — Understand How Your Premiums Are Calculated
As an employer, one of the most valuable benefits you can offer to your employees is health insurance. For larger groups of 51 employees or more, you’ll likely have group health insurance coverage. This is a policy you’ll typically purchase from a broker (so you get the best deal) that you can then offer to all of your eligible employees. … Read More
Keeping Up With the Evolving Workplace
With the age of Millennials gaining a stronghold in the workforce comes the dawn of the modern workplace. Times are changing surrounding how we hire and train, what we do to retain employees, and the dynamics within the office environment itself. Employees are seeing companies through different lenses these days, and employers have to rethink their employee strategies in order … Read More
Millennials and Healthcare — What Are They Looking For?
As the fastest-growing generational group, millennials (people born between the mid-1980s and the turn of the century) are a vital part of a strong workforce. If you want to attract millennials to your business, it’s important to understand what they need and more importantly, what they want. In addition to a good salary and a positive work environment, the benefit … Read More
Why medium-sized groups should steer clear of the Obamacare marketplace
While the Affordable Care Act has helped over 20 million people get health insurance, it’s not always the best choice. Although it’s been a tremendous asset to millions of self-employed, part-time employees, and others who weren’t covered before, it’s not always right for employers. If you’re a medium-sized (or larger) employer or administering a medium-sized or bigger group, Obamacare isn’t … Read More
Changes from the Affordable Care Act in 2017 — What you need to know
The Affordable Care Act is making some changes in 2017 and if you’re providing health insurance via a group plan you need to make sure you’re compliant. Here’s a quick guide to the main changes and what you need to do to ensure you meet all the new guidelines and regulations. Remember, we’re here to help, so if you have … Read More