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How Workplace Wellness Programs Save You Money
You’ve probably heard the adage, “you’ve got to spend money to make money,” but chucking money at wellness programs for your employees in the hope of saving money seems a stretch. At best, you reason workplace wellness programs are an enticement to keep workers...
Managing Remote Workers and Their Benefits
It may have started a while ago, but remote working kicked off when the pandemic hit and the government-imposed lockdowns. Even though the days of crippling lockdowns are over, over 26% of employees are working away from the office in 2022. Since working remotely has...
How Value-Added Professional Services Helps Retain Employees
A recent study by Microsoft reveals that 43% of workers are likely to consider leaving their jobs in 2023. So it appears the Great Resignation that plagued businesses in late 2021 and early 2022 has not entirely vanished. Considering it takes 42 days on average...
Providing Cost Effective Employer-Sponsored Healthcare Benefits
According to the Bureau of Labour Statistics, the number of employed people in the US is about 154 million. Considering the average employer-sponsored healthcare benefits annual premium costs $7,700 for single coverage and $22,000 for family coverage. It’s easy to see...
Navigating Paid Leave For Your Employees In CT
The US is one of the few nations that does not have federal policies guiding paid leave. The Family Medical Leave Act (FMLA) only has provisions for unpaid leave. Therefore, individual states have drafted regulations on paid leave. So far, only 16 states have such...
Healthcare Options For Organizations
Rising healthcare costs are a concern for both individuals and employers. Survey data from Kaiser Family Foundation shows that 87% of employers feel it is unsustainable to offer healthcare benefits in the long run. Understandably, some employers are ditching health...
Setting Up a Special Group Insurance Plan
Also known as employer-sponsored health insurance, the Kaiser Family Foundation (KFF) data shows that 49% of the US population receives group insurance. The states with the highest number of group insured employees are Illinois at 53% and New York at 49%. For an...
Navigating Employee Benefit Compliance in CT
If you own a company or work as an HR professional, you already know how fluid employee benefits compliance can be. It would be best to actively look out for legislative changes, as one slight oversight will find you on the wrong side of the law. That said, employee...
Navigating Employee Benefit Compliance in MA
The Great Resignation shows no sign of slowing down. While not as high as the 3% seen last winter, the May 2022 resignation rate is still a healthy 2.8%. One of the best ways to combat this is by offering employee benefits. For instance, as of March 2021, 92% of...
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