Employee Benefits Education – a benefit statement is the key! Many companies these days provide numerous perks and benefits for their employees, unfortunately, a lot of employees may not understand or appreciate the full value of these benefits. One of the best ways to communicate the importance of the benefits available to them is through […]
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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 […]
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 […]
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 […]
Tips For Inspiring Employees
Any CEO knows that inspired employees are motivated employees. Those are the employees who will continue to work happy, hard, and be highly productive. So how exactly do you inspire your employees? Here are some great examples of how to keep your employees and your company successful. Be the good example. Remember, attitudes are contagious. […]
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 […]
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 […]
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 […]
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 […]
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 […]