Cisco and Capita recently released a report in the UK titled, “Trends vs. Technologies 2016 report”. The study showed that while everyone agrees tech is important, there is a huge gap between having that knowledge and putting it into practice.
Workplace benefits are often perceived as an added perk for employees. But what many companies, particularly small and mid-sized businesses, fail to see is how investing in their employees’ wellness can actually make them thrive.
At Employee Benefit Adviser’s Workplace Benefits Mania Conference in Las Vegas this week, CEO David Reid spoke on a panel of experts about the future of online enrollment tools. “Look at decision-support tools implemented by small businesses compared with enterprise companies,” Reid said. “There is a big need, and [while] it is served well by the broker community, it is [currently] underserved by technology.”
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Pinpointing a benefits plan can be a daunting task for business owners and HR managers. A slew of inconsistent variables amongst employees like age, plans for retirement, size of family, and medical conditions make it difficult to find wellness plans that meet everyone’s needs. For small businesses especially, finding the right wellness plan is a challenging task; one that usually requires a long, detailed vetting process, calculations, and approvals.
Summer is here and we are all looking for ways to leave the office earlier to enjoy the beautiful weather with family and friends. Human resources executives and benefits managers know that day-to-day processes can be both tedious and repetitive. They are some of the biggest office time wasters we know.
Are you between jobs and lacking a steady income, but still want to have health care insurance to cover unforeseen accidents or illnesses? Need a more affordable option and have no real pre-existing health issues?
A short-term medical care plan might be the best solution for you.
Recently, the U.S. Department of Labor announced new legislation mandating overtime pay at time and a half for salaried employees who work beyond the traditional 40-hour workweek. Employees were previously excluded if they were salaried, earned at least $23,660 per year, or were in positions considered executive, administrative or professional. [i]
Improving the Enrollment Process for Brokers and Employees
As a small business owner, scaling your company and hiring new employees is one of the most rewarding parts of the job. Marla Malcolm Beck, CEO of Bluemercury said recently in a Business Insider interview that the best part of being a CEO is, “watching her company evolve — while staying true to its mission and vision.” Even more so, is the moment when you realize that you can now afford to offer hardworking employees benefits and health insurance options.
May 1 – May 7 marks the 2nd annual National Small Business Week.
Small business owners kicked off 2016 by reporting an overall higher level of optimism than they did in 2015, according to the latest Wells Fargo/Gallup Small Business Index. The quarterly report, which surveys small business owners, found 60 percent of small business owners considered their past year’s cash flow to be “very or somewhat good” – a result that hadn’t been recorded since 2007.