Rising health care costs are putting the squeeze on employers. According to SHRM, large employers will pay about $10,850 for each covered employee in 2021, while employees will pay about $4,650 each. This is an increase of about 5.3 percent from 2020, when large employers paid about $10,340 per covered employee and employees paid about $4,430 each.
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Self-funded employee benefits - the right choice for your business?
February 25 , 2021Tags: Employee Benefits
How to write an inclement weather policy
February 12 , 2021Hurricanes. Blizzards. Tornados. Hail. Flooding. No matter where you live, there’s probably at least one type of severe weather that threatens to disrupt your business operations. When these bad weather events strike, the situation is often urgent, leaving little time to iron out policies and procedures in the moment. That’s why it’s important to have an inclement weather policy in place before the next storm hits.
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How to design a compensation strategy and plan
February 10 , 2021Compensation plans, also referred to as total compensation plans or compensation programs, encompass all of the compensatory components of a company's strategy. In addition to salary, compensation can include health benefits, retirement benefits, tuition reimbursement, bonuses or any other non-salary benefit that is considered part of a total compensation package.
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How to attract, motivate and retain hourly employees
February 02 , 2021Hourly employees can often be overlooked when it comes to managing job satisfaction, encouraging job advancement and increasing employee retention rates. However, hourly employees make up a majority of our workforce today, so it's important to take steps within your company to ensure they are happy and healthy in their jobs – not only for their well-being, but for the success of the company.
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Top HR projects to tackle in 2021
January 14 , 2021In 2020, we had to rethink a lot of things. Now as we head into 2021, it’s time to take some of the lessons we learned and see how we can use them to make our workplaces better for our employees. Here are some of the top HR projects and trends for HR professionals to tackle in 2021.
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How to write a job posting
January 05 , 2021Tags: Employee Benefits
Is your employee handbook ready for 2021?
December 10 , 2020How can employers make sure that employees know what is expected of them? It’s not a trick question. Employee handbooks can do this and more. Just having a handbook isn’t enough, however. It must contain the right information, it must be updated regularly and – perhaps most challenging – it must be read by your employees.
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Health and wellness in the workplace
December 08 , 2020While there are many enticing reasons to stay at a job – competitive salary, opportunity for growth and smart co-workers – the most commonly-cited reason for remaining at a job is a positive and dynamic work environment. An uplifting work environment is one of the largest determining factors in employee retention, and for a good reason. If employees feel valued and known, they will be more productive, proactive and positive.
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ADA Compliance: What employers need to know
September 23 , 2020The Americans with Disabilities Act (ADA) is celebrating its 30th anniversary this year. But even though employers have had three decades to learn about compliance with the law, issues – and lawsuits – are still common. Here’s what today’s employers need to know now about applying the law, approaching employees and staying compliant.
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It’s time to get smart about benefits. Smart technology can go a long way to improve the way employees interact with benefits. This, in turn, can increase employee satisfaction, which can boost engagement, productivity and retention. It’s an amazing chain reaction, and it all starts with the right tech tools.
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