A happy worker is a productive worker, common sense says, but despite some studies that claim to reveal this correlation, over 70 years of research has not yet proved the axiom true. Little wonder: It’s a tough thing to measure. These are subjective concepts, after all. What it means for an employee to be “happy” andContinue Reading
Only a fool would walk away from free money, especially if that money adds up to tens of thousands of dollars over a career. But the reality is that most employees don’t invest enough in their retirement plans to reach their goals. One-third of employees fail to participate in company-sponsored 401k plans when offered. AndContinue Reading
One part of the Affordable Care Act (ACA) that has business owners shifting toward offering more voluntary benefits is the Cadillac Tax. Due to go into effect in 2018, this 40 percent levy on “high cost” health care plans was created to offset the costs of the ACA. Exposure to the tax is based onContinue Reading
Thanks to changes in workplace law and economic pressures raising health care costs, employers are now leveraging the workplace to improve employee health more than ever before. Today’s workplace wellness programs offer more than just fruit in the vending machines; they take direct aim at employee’s blood pressure, cholesterol, body-mass index and smoking habits. 10Continue Reading
Insurance costs are increasing and employers are feeling the sting. To save costs, many businesses are increasingly doing the exact thing insurance is designed to avoid: self-funding their own benefits programs. One painful reform having a large impact on workplace benefits is the Cadillac Tax, which is designed to help fund the Affordable Care ActContinue Reading
One measure of a great company that is often overlooked in the business world is the ability to create and preserve an environment of work-life balance. Sharply contrasting this ideal, many employees are being paid for 40 hours’ worth of work on a weekly basis, yet a 2014 Gallup Study found that Americans work an averageContinue Reading
Determining which employee benefits to offer, if any, is a difficult choice that many small business owners face today. Investing in benefits such as medical, dental and vision insurance, a 401k plan, and disability and life insurance for your employees could be the difference between retaining key employees and losing them to a competitor. ButContinue Reading
As a small business owner, you undoubtedly want to see your business grow. While it’s no secret that maximizing sales and minimizing expenses are key to growing a profitable enterprise, offering employee benefits can play a vital role in business growth. 3 Reasons Why You Should Consider Offering Employee Benefits Recruit new employees – TheContinue Reading
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