Being a smart buyer of long-term disability insurance (LTD) for your company is about more than just up-front costs — it’s about providing income refuge for the employee and a compassionate and cost-effective path to separation for the employer while reducing liability. We’ll review key aspects of a well-crafted LTD plan, including getting the injured […]
For pharma, 2014 was a banner year: Prescription drug spending in the United States increased 13.1 percent to $374 billion, according to a report from IMS Institute for Healthcare Informatics. For employers trying to keep employee benefits costs under control, that’s not welcome news.
A Human Resources Information System (HRIS) or Integrated Workforce Management System (IWMS) used to be a “nice to have” for mid-sized companies. Today, it is very difficult to run a high-impact HR operation without an integrated technology platform, especially in light of reporting requirements under the Affordable Care Act (ACA).
How does human resources (HR) management operate at your company? Are your efforts integrated across your organization, or do you function more or less in silos? At its best, an effective, high-impact HR operation supports the long-term success of your business. But for many HR departments, that’s a tall order due to a disjointed structure […]
Change doesn’t come easily. When implementing a change in your benefits program, you have to communicate with your employees early and often. You also have to explain the reasons for the change and show your team how they will benefit from it. If your employees don’t understand their benefits, they’re likely not enrolling and using […]
Companies with fewer than 50 employees — especially those without a dedicated HR person — often struggle to obtain high-quality benefits support that provides reliable, transparent, and timely service at an affordable rate.
If you’re like many employers, you’re struggling to measure the effectiveness of your employee wellness program. Can you determine the return on investment or the effect on your outcomes and costs? If you are like many companies, data in these areas is lacking.
Establishing an effective employee benefits program and proficiently managing it can be pivotal in boosting employee morale and retaining valuable talent within your organization. Unfortunately, not all benefits broker firms or consultants offer the same level of service. Among the essential services to prioritize when selecting a benefits broker is Employee Advocacy. In this article, […]
Decentralized subsidiary companies with fewer than 100 employees that are selecting their own benefit plans need to take a close look at the employer mandate of the Affordable Care Act (ACA) — which will essentially force these type of subsidiaries and their holding companies to change the way they do business.
