Employee Benefits

OCTOBER 6, 2023

The majority (85%) of organisations plan to enhance their benefits packages for employees, according to research by HR and employee benefits consulting services firm Gallagher. Voluntary benefits such as bikes-for-work schemes have increased to 75% from 73% in 2022, while gym memberships rose to 45% from 34%.

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InterWest Insurance Services

MARCH 14, 2024

Because of this, employers have to be crafty in how they set up their benefits packages so that they address these various needs. But don’t fret, getting something that everyone likes into your package is not too expensive, particularly if you are offering voluntary benefits to which you may or may not contribute as an employer.

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Voluntary Benefits Benefits Package Insurance Health Insurance 98

HR Lineup

FEBRUARY 13, 2023

USI’s employee benefits offerings are designed to meet the needs of a diverse workforce and support employers in creating a supportive and healthy work environment. USI’s benefits offerings include a comprehensive suite of health insurance options, including medical, dental, and vision insurance.

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Higginbotham

NOVEMBER 12, 2024

Bankruptcy and Foreclosure: Although employed, workers can still face financial hardship due to factors like medical bills, excessive debt or unforeseen expenses, which could lead to bankruptcy or foreclosure. If you’re interested in offering legal services, whether as part of an EAP or as a standalone benefit, Higginbotham can help.

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InterWest Insurance Services

MARCH 22, 2022

One way you can give your staff more choice in the employee benefits they receive is to offer them a cafeteria plan, which allows them to put together a benefits package that works best for them. Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis.

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Higginbotham

MAY 4, 2023

Buying Supplemental Life Insurance Without a Medical Exam Although employees can purchase life insurance on their own, life insurance offered through an employer may be preferable because it is often available without a medical exam. When you offer supplemental life insurance as a voluntary benefit, your costs are minimal.

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Best Money Moves

JULY 29, 2020

Financial stress is one of the top motivators driving organizations to invest in financial wellness programs and 40 percent say that addressing financial stress is a top reason for increasing voluntary benefits, according to a new survey by Buck. . 59 percent of employers want to help employees deal with unexpected medical expenses.

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Flimp Communications

AUGUST 17, 2020

At Flimp Communications, we offer both PLANselect, focusing on healthcare plans, and BENEFITchoice, ideal for presenting supplemental and voluntary benefits. Most employees are familiar with the medical benefits their employers offer but know little about available voluntary benefits.

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InterWest Insurance Services

JANUARY 12, 2024

Examples Recently Amazon announced that as part of its employee benefits package it would offer the therapist-like app Twill. Often, the apps will include disclaimers that they are “not intended to be a medical, behavioral health or other health care service” or “not an FDA-cleared product.”

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InterWest Insurance Services

FEBRUARY 9, 2023

While their health insurance will cover their medical expenses, it won’t cover the cost of living while they recover. Coordination of benefits: The amount of benefits your employees receive from the insurance company is dependent on other benefits they may receive because of their disability.

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Higginbotham

AUGUST 13, 2024

Are your employees stressed about medical bills? Medical care can be expensive, and group health insurance isn’t always enough. Employers can help their employees by offering worksite benefits like hospital indemnity insurance and other supplemental benefits. If they are, they’re not alone.

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CorpStrat

AUGUST 11, 2022

Voluntary Benefits. Voluntary Benefits, commonly referred to as AFLAC, can help employees maintain their income by paying cash benefits directly to them. Employees can use these cash benefits to help cover rent, groceries, and other daily living expenses while they’re out of work.

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Employee Benefits

MAY 20, 2024

Credit: tomertu/Shutterstock Need to know: Benefits strategies have evolved because of influences including employee expectation, cost and the pandemic. Flexible benefits , voluntary benefits, and allowances or pots offer the potential for greater personalisation. It can be a huge benefit.”

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Higginbotham

APRIL 25, 2022

Job Market Report, two in three job seekers agree that workplace benefits are more important to them now than they were before the pandemic, and 80 percent think that employers need to reevaluate their benefits package. Additionally, 54 percent would consider taking a job that paid less if the benefits were better.

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WEX Inc.

MAY 8, 2024

From the rising costs of healthcare and benefits packages to retaining and recruiting to helping employees understand their benefits to the ever-changing regulatory landscape, HR teams face many challenges that present obstacles to organizational success. It’s all about benefits choice and customization.

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Higginbotham

JANUARY 27, 2023

Although it may seem easier to boost wages and forget about employee benefits, due to potential tax breaks, offering health insurance can be a financially sound strategy. A benefits package can also boost your company’s bottom line by supporting a healthy workforce. Bankrate found that 32 percent of U.S.

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Higginbotham

MARCH 2, 2023

Workers’ compensation benefits vary by state but typically include coverage for medical bills and prescriptions and some compensation for temporary disability while the employee is unable to work. Employees who do not recover and suffer permanent disability may be eligible for permanent disability benefits. Learn more.

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Higginbotham

APRIL 7, 2022

According to the American Veterinary Medical Association (AVMA), 38.4 In both cases, comprehensive pet insurance coverage that includes accident and illness coverage may cover costs related to exams, tests, surgery, treatment and prescription medications, depending on the terms. Pet Insurance as an Employee Benefit.

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PeopleStrategy

DECEMBER 27, 2018

From the status of healthcare as a hot-button political issue to rising medical costs, health benefits stay top of mind for most Americans. According to Benefits Pro, the growing desire for voluntary benefits plans exemplifies this trend. Engagement levels.

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Corporate Synergies

JUNE 4, 2019

The best way to identify who you’re competing against and what types of health and welfare benefits they’re offering is to undertake a benchmarking study. Benchmarking studies yield details like: Medical plan type. Medical copay. Voluntary benefits offerings. Employee premium cost. Employee premium contribution.

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Health and Welfare Employee Benefits Paid Sick Leave Benefits Package 44

PeopleStrategy

SEPTEMBER 24, 2019

“PeopleStrategy understands the need for today’s employers to go beyond traditional medical benefits to remain competitive in the war for talent.” ” “As a 21 st century broker, PeopleStrategy is always looking for ways to help our clients attract, manage and retain talent.

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Employee Benefits

APRIL 10, 2024

Credit: branislavpudar/shutterstock Need to know: A strong onboarding and induction programme will help seasonal workers understand their benefits package and feel valued. Benefits should be tailored to the sector and the type of seasonal worker the organisation wants to attract. “This is attractive.”

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Employee Benefits

FEBRUARY 1, 2024

These include: The category for Best public sector benefits, which celebrates the steps a public sector organisation has taken to implement a successful benefits package or initiative for its employees. The 22 categories also include several designed to recognise the achievements of individuals within the industry.

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