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Save Money with a Wellness Program

Save Money with a Wellness Program These days employees seem to be under more stress than ever. With having to juggle homes, families, finances and careers, this stress is essentially taking its toll on Americans’ health and well-being. High blood pressure, high cholesterol, and high blood sugar levels are all risk factors for chronic health […]

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Cafeteria Plans: What’s on your benefit menu?

Cafeteria Plans: What’s on your benefit menu? An attractive and comprehensive benefit menu is an invaluable aid to your company. Not only does it increase employee satisfaction and improve productivity, but it can also decrease hiring and training costs by lowering turnover and building company loyalty. A Section 125 Cafeteria Plan is an employee benefit […]

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total compensation statements

401(k) vs 401(a)?

401(k) The 401(k) is today’s most popular retirement plan. Employees may contribute pretax dollars to their plan up to an IRS limit of $18,000 this year, with a Catch Up contribution of an additional $6,000 if the employee will be at least 50 years old by December 31st. The employee may contribute through payroll deductions […]

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Business accounting

The Real Cost of Employee Turnover – and how to avoid it!

There are a number of factors that contribute to the cost of replacing an employee. Here are just a few: Overtime – for other employees and temporary staffing Advertising – search agency fees Time – sifting through resumes, interviewing, making contacts, arranging meetings, coordinating schedules Evaluation – background checks and testing, certifications Training – lost […]

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Business accounting

The Many “Benefits” of Benefit Statements

Whether you’re an expert or new to providing Benefit Statements, do you really know the full value that Benefit Statements provide? Benefit Statements are more than a document with dollar values capturing that “bigger picture.” Benefit Statements can be used to help employees understand more about their benefits, emphasize what benefits are available, and much […]

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Business accounting

Total Compensation Statements – Best Practices for Data Submission

Total Compensation Statements – Best Practices for Data Submission A frequently asked question is, “how should I send you my data?” Here are some guidelines to assure accuracy and smooth transition. Most vendors prefer to receive your data in an Excel or CSV file. To avoid transcription errors, hand enter data only when necessary, then […]

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total compensation statements

Total compensation and why you should care

Total Compensation can be defined as all of the resources available to employees, which are used by the employer to attract, motivate and retain employees.  Emphasizing everything your organization is offering your employees is the a great way to attract, motivate and retain the best talent.  Retaining top talent can be as simple as communicating […]

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total compensation statements

What Should be Included in a Total Compensation Statement?

What Should be Included in a Total Compensation Statement? Whether you’re looking to improve your employee retention or simply trying to show the value of your benefits package, everyone needs to consider the following information when creating Total Compensation Statements. Total Compensation Statements are designed to show employees how important they are to their organization […]

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multi-generaltion group of business people

Benefits Matter: Five reasons you should provide personalized benefit statements for your employees

Benefits Matter: FIVE reasons you should provide personalized benefit statements for your employees According to the Aflac WorkForces Report, 79% of workers say they would be less likely to leave their job if they had a well-communicated benefits program. By teaming up with myBenefitStatements, employers are better able to communicate the big picture of their […]

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