Insurance Agent Concerns.

November 29, 2010

Shopping for medical plans through a broker is a fact of life for the vast majority of corporations. But how well is your broker meeting your needs?
And how can you work together better to minimize costs while getting maximum bang for your organization’s benefits buck?
What’s New in Benefits and Compensation conducted an exclusive survey of [...]

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Presenteeism.

November 28, 2010

Which costs your business more – personnel who miss work or ones who show up physically but take a mental PTO day?
For most businesss, it’s the latter. So why do even savvy senior managers and finance directors (we’re not just talking about the bean-counters) worry about absenteeism while downplaying so-called presenteeism as a drain on [...]

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Employee Recognition Ideas.

November 27, 2010

Any benefits HR/manager can adopt these ways to make personnel feel more appreciated.
The common thread –  using your own communication skills as a powerful tool for boosting morale.
1. Put in face time
When time permits, managers may want to put in some “face time” with staff members. This in and of itself is a kind of [...]

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Precisely how Recognition Programs Fail.

November 26, 2010

Looking for recognition ideas that get results?  Here are two keys to success -
The most common characteristics of high-Return On Investment (ROI) recognition programs â.” regardless of their monentary value â.” are their spontaneity and perceived value by staff members themselves.
In reality, the cost of some of most effective spot awards and bonuses often amount [...]

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Increaseing Worker Morale.

November 25, 2010

Looking for ways to increase morale, productivity and retention? Spot awards might  be the way to go.
They are the most well-liked recognition incentives among employees, a recent published study  shows.  The best part –  the incentives normally amount to less than 1% of base pay. That also can makes this choice attractive to C-levels.  And [...]

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Health Benefits identity theft.

November 24, 2010

In the last few years, there’s been a lot of publicity about the fast-growing crime of identity theft. Greater than half happen in the workplace. Benefits and compensation files are the most vulnerable targets.
The scariest part –  Victims of benefits-related ID theft often make out worse than those who fall prey to the more common [...]

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Why Employees Hate EAPs.

November 23, 2010

A lot of EAPS fall into a common – and perilous – category –  Management thinks the program is excellent, but workers think it’s a waste. But it does not have to be that way when you’ve an employee assistance program or are considering one.
Seventy-three percent of all firms (59 percent of small employers) have [...]

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Employee Assistance Program Demand

November 22, 2010

For many workers, telecommuting and flex-time are highly desired work-life benefits. But a growing number of corporations are reluctant to offer these programs.
Demand for these benefits remains high.  One study found that 87% of job applicants are familiar with the idea behind telecommuting and flex-time, and the majority express a desire to have at least [...]

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Tax Credits for Wellness.

November 21, 2010

In the near future, the federal government might offer help to corporations looking to start a health promotion program.  The help would take the form of tax breaks to offset health promotion program costs.
A current U.S.  Senate bill would give employers a substantial tax break for starting wellness programs. Dubbed the Healthy Workforce Act, it [...]

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When it comes to health savings accounts, you’ve to separate the hype from the reality. One of the big myths –  a high-deductible plan with an HSA means lower premiums.

November 20, 2010

In truth, it varies.  In some cases, an HSA-eligible plan may cost the same as a non-HSA high-deductible plan. In others, the premiums can actually be more expensive, a recent NHPI report locates.
As a matter of fact, a non-HSA plan offering similar coverage can carry a monthly per-employee premium that’s about $15 to $25 lower [...]

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