Employee Benefits

OCTOBER 25, 2023

Credit: Emerge / Shutterstock (1079190161) Employers should have an understanding of the issues their employees face in order to produce targeted and appreciated voluntary benefits strategies. So, what support can voluntary benefits offer in uncertain times?

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InterWest Insurance Services

APRIL 20, 2023

Both employers and employees have much to gain from a solid voluntary benefits program. For employers, offering a range of voluntary insurance products can help increase employee satisfaction – along with loyalty and morale – and make the business more competitive in attracting and retaining the best talent.

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PeopleKeep

FEBRUARY 6, 2023

A robust benefits program improves retention and recruitment efforts , boosts employee morale , and increases job satisfaction. But some employers may not know that benefits fall into two categories: those required by law and those that are voluntary.

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Employee Benefits

OCTOBER 25, 2023

Wilson James, a professional services and skilled labour firm for the security, logistics, aviation and technology sectors, has embedded raising awareness of its voluntary benefits provision from the very start of its employees’ career journeys, and even during the recruitment process.

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InterWest Insurance Services

JULY 18, 2024

Sales of voluntary group benefits grew at a record pace in 2023 as more employers expand their offerings and demand continues booming as employees seek out benefits that can defray costs, according to new research. Premiums collected for employer-sponsored voluntary benefits jumped 6.7%

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CorpStrat

JULY 24, 2024

As open enrollment season approaches, most companies are looking to enhance their benefits packages without breaking the bank. Voluntary benefits offer an excellent solution, providing added value to employees, at little to no cost for employers. Ask your CorpStrat representative about voluntary benefits for your team.

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WEX Inc.

OCTOBER 5, 2023

When it comes to navigating the world of employee benefits, there's a lot to take in, especially if you're a first-timer. Among the suite of benefits you’re likely to be offered, voluntary benefits are often misunderstood. Check out our other first-timer series blog posts on health plans and employee benefits.

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Flimp Communications

AUGUST 28, 2020

General benefits literacy has long been lacking among America’s workforce. It’s encouraging workers to pay closer attention and employers to take greater steps in providing supplemental education. But so much of the focus of those efforts (understandably) goes to medical insurance benefits.

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InterWest Insurance Services

DECEMBER 28, 2021

Most employers offer major medical coverage to their full-time employees. Fortunately, employers can help by offering their workers voluntary hospital indemnity insurance that can provide peace of mind in case they have a serious medical episode. Little or no cost to the employer. Hospital indemnity insurance.

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BerniePortal

MAY 20, 2022

Voluntary benefits have recently become one of the more sought-after employee benefits offerings. The pandemic caused employees to re-evaluate their healthcare options, opening the door for employers to build more robust plans.

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Employee Benefits

MAY 6, 2024

Credit: Achira22/Shutterstock What are off-the-shelf voluntary benefits packages? Voluntary benefits are additional benefits that employers can offer to their employees alongside their salary. Employers can brand their scheme with their organisation’s logo, but otherwise, they are fairly generic.

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Corporate Synergies

JUNE 21, 2021

A recent survey shows more employers offering popular voluntary benefits. The post Our Take: Popular Voluntary Benefits May no Longer be Optional appeared first on Corporate Synergies. We think it could help attract and retain top talent.

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Employee Benefits

MAY 22, 2024

Standard Chartered Bank and supermarket chain Lidl GB have been shortlisted for Best voluntary benefits at the Employee Benefits Awards 2024. The schemes helped employees learn how to manage their money better and some to save thousands of pounds through the Isa by utilising employer contributions.

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WEX Inc.

JANUARY 26, 2020

Value of Voluntary Benefits. Core benefits will always play an important role in an organization's benefits strategy - but as times change, the modern workforce expects - and demands - more.

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Achievers

FEBRUARY 2, 2021

The traditional concept refers to legally mandated benefits plus a few voluntarily added by employers. Employers are responding with a menu of voluntary employee benefits, driven by generational shifts and technology that is dramatically changing the workplace. . What are benefits that are voluntary?

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Employee Benefits

MAY 17, 2023

Energy provider ScottishPower and technology business Siemens have been shortlisted for Best voluntary benefits at the Employee Benefits Awards 2023. The post ScottishPower and Siemens shortlisted for Best voluntary benefits appeared first on Employee Benefits.

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Winston Benefits

JUNE 2, 2016

Sales of voluntary benefits continued to grow in 2015, according to a LIMRA survey. Businesses clearly are getting on board with the notion that benefits will aid retention and recruiting efforts, but are employees seeing value?

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Winston Benefits

NOVEMBER 15, 2017

Handling payments for voluntary benefits can be a hassle. Finding an option that works for you can simplify things for employees while making your benefits administration process more efficient. And any of these improvements can result in increased participation and satisfaction from employees.

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Winston Benefits

MAY 22, 2018

According to a survey by the National Association of Colleges and Employers, the top two benefits among graduates entering the workforce are more than two weeks of vacation and tuition reimbursement for advanced education. Examples of Voluntary Benefits in Action. What All Employers Should Do.

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Best Money Moves

NOVEMBER 4, 2020

What the average health insurance premium costs and changes employers are making to health benefits offerings in the new year. In spite of these increases, 56 percent of employers don’t plan to make any changes to reduce medical plan costs in 2021. Managing employee healthcare costs in 2021. Managing Out-of-Pocket Costs in 2021.

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Corporate Synergies

DECEMBER 10, 2018

Which voluntary benefit options are right for your employees? This 4-step voluntary benefits checkup will help you decide. As the cost of medical plans rises, employers are offering high-deductible health plans (HDHPs) and health savings accounts (HSAs) as part of their employee benefit plans. As Seen In.

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InterWest Insurance Services

JANUARY 12, 2024

workers struggle with mental health issues and stress, more employers are offering new chatbot apps to help them. A survey this past summer of 457 employers by Willis Towers Watson found that 24% of them offer a “digital therapeutic” for mental health support. As a record amount of U.S.

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HR Digest

MAY 1, 2024

You don’t have to be an expert recruiter to know that employment benefits are what drive hiring cycles in any organization. Image: Freepik Understanding Employee Benefits—What Do They Involve??

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InterWest Insurance Services

OCTOBER 17, 2024

The main driver in workers prioritizing benefits is the rapidly rising cost of group health insurance premiums and out-of-pocket costs, according to the study by Voya Financial. 51% said they would be more likely to stay with their current employer if it provided access to a health savings account (HSA).

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Best Money Moves

NOVEMBER 6, 2024

However, many employees feel their current benefits don’t meet their day-to-day needs, according to a 2024 Wellbeing and Voluntary Benefits Survey from HR consulting Firm Buck. A thoroughly considered, holistic benefits plan may be the missing link to filling these gaps.

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Griffin Benefits

FEBRUARY 3, 2023

make it difficult to rescind benefits after they’ve been offered, making it essential to get it right the first time. What’s more, multinational employers need to devote sufficient management time and due diligence efforts to ensure that benefits are appropriately designed and cost-effectively delivered.

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Flimp Communications

JULY 22, 2024

Flimp offers benefits consultants and employers a wide range of flexible, affordable, benefits communication solutions available in an easy-to-deploy, modular format called Flimp Campaigns. We offer the best of both worlds for employers: tech-driven, customizable products and exceptional customer service and project management.

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HR Lineup

MAY 10, 2023

One of the key features of Employee Navigator is its benefits administration capabilities. Employers can easily set up and manage a variety of benefits, including health insurance, retirement plans, and voluntary benefits. Another key feature of Employee Navigator is its time-off management capabilities.

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InterWest Insurance Services

JUNE 2, 2022

Employers nationwide are looking for ways to attract and retain talent and differentiate themselves from competing employers, and many are looking to the two most popular voluntary benefits: employee dental and vision plans. For many years, dental and vision plans were employer-paid. Appeal to employers.

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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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Best Money Moves

JULY 29, 2020

Employers want to help employees meet their short-term financial needs during the COVID-19 pandemic first. It’s prompted many of them to start taking steps to improve their personal finances and employers are eager to help. “Financial wellbeing is clearly a top priority for employers,” said Brian Stitzel, U.S. .

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Flimp Communications

JUNE 15, 2021

Human resource departments spend LOTS of time and money educating employees on core and voluntary benefits offered to them by their employer and ensuring employees sign up on time, or risk losing those benefits until the next sign-up period. Strategies to get employees to sign.

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InterWest Insurance Services

JULY 4, 2024

The 2024 “State of Employee Benefits Report ” by benefits administration provider Benefitfocus found that 45% of Gen Z workers and 43% of millennial workers surveyed were enrolled in HDHPs. The study suggests that employers should offer a mix of plans that will meet the needs of their workforce.

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WEX Inc.

NOVEMBER 6, 2024

Learn more about what you and your employees can do to stay well-prepared for the year ahead: For employers: Your post-open enrollment checklist Post-open enrollment survey questions Top open enrollment metrics to track For participants: Start the plan year off right with these tips 7 basic rules of an HSA Tips for first-time medical FSA participants (..)

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InterWest Insurance Services

JANUARY 17, 2023

. “A multi-generational workforce is a huge benefit for companies,” said Liz Ahmed, executive vice president of People and Communications at Unum. Sixty-four percent of employees surveyed said they do not have access to an emergency savings option through their employer. These are the top 15 non-insurance benefits for U.S.

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Winston Benefits

SEPTEMBER 2, 2021

How do you think your role at Winston has helped employers? I think my role as RFP … Continue reading "Employee Spotlight – Talking Voluntary Benefits and Industry Trends With Our RFP Manager/Underwriting & Benefits Analyst".

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WEX Inc.

JANUARY 26, 2020

Core benefits will always play an important role in an organization's benefits strategy - but as times change, the modern workforce expects - and demands - more.

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