Articles tagged 'Benefits'

Benefits, HR Management

High-Deductible Health Plans: Savings Now, But Problems For Workers Later?

High deductible health plan

Got a high-deductible health plan? The kind that doesn’t pay most medical bills until they exceed several thousand dollars?

If so, you or your employees are foot soldiers who have been drafted in the war against high health costs.

Companies that switch workers into high-deductible plans can reap enormous savings, consultants will tell you — and not just by making employees pay more. Total costs paid by everybody — employer, employee and insurance company — tend to fall in the first year or rise more slowly when consumers have more at stake at the health-care checkout counter whether or not they’re making medically wise choices. Read more…

Benefits, HR News & Trends

Study: Obamacare Has Little Impact on Employer-Sponsored Health Coverage

Illustration by istockphoto.com

There has been much hand wringing over the health law requirement that large employers this year offer insurance to workers who put in 30 or more hours a week or face penalties for not doing so.

The new rules would cost employers a bundle, some fretted, as part-timers clamored for company coverage previously unavailable to them. Others worried that employers would cut workers’ hours to get under the cap.

A new study found that so far there’s little cause for concern: Average enrollment in company plans was essentially unchanged between 2014 and 2015 at 74 percent of all workers. Read more…

Benefits

It Makes No Sense to Have Employees Come to Work Sick

Photo by Dreamstime

How much sense does this make: Retail and restaurant workers, who come into more direct contact with the average customer than any other job, are the least likely to have paid sick leave as a benefit.

Having to choose between showing up to work ill and getting paid for the day is a regular dilemma for the people who handle most of the nation’s food and products.

That’s the kind of thing that makes me sick. Read more…

Benefits

You Don’t Need to Be Outrageous, Just Creative, With Your Benefits

benefits pic

Job seekers care about the benefits you offer. In fact, 4 out of 5 say that the benefits offered are the deciding factor in taking a new job, according to data from The Guardian 2014 Workplace Benefits Study.

But what does this mean for your company? How can you compete with the outrageous benefits that companies like Google or Facebook are offering?

The answers are simple: get creative and offer candidates what they need, in order to secure the top talent your company needs. Read more…

Benefits, HR News & Trends

Can Your Company Require an Employee to Buy Health Insurance?

123RF Stock Photo

Under the Affordable Care Act, large employers that don’t offer their full-time workers comprehensive, affordable health insurance face a fine.

But some employers are taking it a step further and requiring workers to buy the company insurance, whether they want it or not. Many employees may have no choice but to comply.

Some workers are not pleased. One disgruntled reader wrote to Kaiser Health News:

My employer is requiring me to purchase health insurance and is automatically taking the premium out of my paycheck even though I don’t want to sign up for health insurance. Is this legal?” Read more…

Talent Management

It’s High Time We Stopped Generalizing About Millennials

From Fotolia.com

Think about three or four co-workers that are the same general age as you are.

Do all of you have the same points of view? Do all of you behave the same way?

Of course not. And yet, every day we are bombarded with articles that make broad generalizations about workers based on the year they were born. There is no more targeted group for these articles than the Millennial generation. Read more…

Benefits, Legal Issues

Congress Looks to Provide Clarity on Employee Wellness Programs

Employee wellness

By Ilyse Wolens Schuman and Michael J. Lotito

As promised during a Senate hearing conducted earlier this year, members of the House and Senate have introduced a bill seeking to reduce the legal uncertainly in administering employee wellness programs.

The Preserving Employee Wellness Programs Act (H.R. 1189, S. 620) would:

  • Explicitly permit wellness programs to offer a financial incentive to participate; Read more…
Classic TLNT

Three Days for Death (or Why HR Policies Make No Sense)

123RF Stock Photo

Editor’s Note: A number of TLNT readers have asked about this post recently, so here it is again in case you missed it originally.

This past week a member of my husband’s team suffered a devastating loss: his one-year-old daughter died, which sent my husband — his manager — looking into the company’s bereavement policy.

It was three days.

Three to five days is standard, so this isn’t a knock against his company. This is a knock against blanket HR policies which don’t get discussed much (by those outside of HR) until, that is, you come slamming up against one of them. Read more…

Benefits, HR News & Trends

Weekly Wrap: There’s Power in Perks, But Not All Companies Get That

Perks

As someone who worked in the San Francisco Bay Area during the dotcom boom, take it from me — employees LOVE perks.

Silicon Valley figured out a long time ago that all the things companies do for employees above and beyond a paycheck can be both a great lure for new talent, but also a great way to retain those you already have in the fold.

Of course, most companies in America don’t offer the kind of perks that Silicon Valley tech firms do, but as some recent research found, that doesn’t mean that those additional benefits above what you pay people aren’t a great tool for attracting (and keeping) top talent. Read more…

Culture, Talent Management

Power of Core Values: Your Culture Determines Your Company’s Fate

© gustavofrazao - Fotolia

In the first chapter of The Power of Thanks, Eric Mosley and I introduce a very important concept that is a foundational principle of the book:

At the heart of great corporate successes and failures is a single observable phenomenon: the behaviors and values that constitute a company’s culture largely determine its fate.”

Of course, we dive much more deeply into why this is true, but to summarize – the values underlying your culture are the defining factors for how all employees should behave to achieve the organizational objectives. They also give employees a sense of greater meaning and context of their work. Read more…