Dec
Upcoming Employee Benefits Trends For 2016
The cost of healthcare is rising, but consumers are also demanding greater flexibility in managing their health with the use of modern communication. These are some of the employee benefits trends to look out for in 2016, plus a few others: Technology Tools The increased use of online resources to evaluate and assess health care has been proven by a recent survey in Canada which revealed over 52 percent of healthcare consumers search online for information on healthcare. Over the last two years, the number of consumers using technological devices to monitor their health has risen from 17 percent to 28 percent, and more than 60 percent of technology users say that these devices have impacted the way they behave. Analytics Tools Employers are making…
Dec
How Important Are Employee Benefit Plans?
As an employer you understand that in order for your business to thrive, you need to hire quality employees. Once you’ve hired quality employees you need to foster a positive working environment. A great way to create an environment where your employees are content with their jobs and actually want to go to work everyday is by offering a comprehensive benefits plan. How do benefits help employees? When you offer benefits to your employees it creates a lower turnover rate because they know they are protected in case of emergency. For instance, if someone on your staff experiences a sudden illness, they will be covered by their employee benefits package and will be able to afford the medicine and treatment needed. Many recent high school…
Nov
3 Employee Benefit Trends We Saw In 2015
Whether you are an employer or employee, you probably know the importance and value of a good employee benefits plan. Employers offering benefit plans want their employees to have a higher level of amenities and advantages available to them, which will set them up for success. But sometimes, employees want to make their own decisions, and as such we have seen some changes in employee benefit plans landscape. Highlighted below are the top 3 trends: Wellness programs are becoming increasingly popular. If you have a well designed and properly administered program, it can help reduce employer premiums and help to promote a productive and healthy workforce. Employees who feel better work better. It is a good idea to start looking into wellness plans that will…
Sep
Should you Offer Benefits to Part-Time Employees?
While it is common for full-time workers to receive certain benefits after successfully completing a probationary period, part-time workers often find themselves with little or no benefits. This begs the question: Should you offer benefits to part-time employees? Whether health insurance, paid sick time, paid vacation time, or life and disability insurance, there are lots of possible benefits traditionally available to full-timers that may not be available to part-timers, but that doesn’t mean that they shouldn’t be available to your part-time staff. Read on to find out some of the reasons why you should offer benefits to part-time workers. Differentiator One reason to consider offering benefits to part-time workers is that this can be seen as an important differentiator in the competitive marketplace. For instance,…
Sep
How Offering Benefits is Beneficial to Businesses
Attracting the right employees is one thing, but retaining these workers is quite another thing. You can increase the odds of accomplishing both objectives if you make workers feel like valued members of your organization, and one way to achieve this is by offering a group benefits plan. We’re taking a look at some of the key reasons to offer benefits, and how doing so will benefit your company. 1. Attract & Keep Workers You can make your business a more attractive place to work by offering a compelling group benefits package. This will benefit your company by ensuring that you can attract workers with desired skills sets and retain these employers over the long haul. It should be noted that happy workers are more…