How Technology is Revolutionizing Voluntary Employee Benefits
Technology is changing almost all aspects of the workplace—that concept isn’t anything new. However, when it comes to voluntary benefits solutions, technology is just now starting to really rise to the top of driving forces. As technology becomes more and more ingrained into benefits administration, we’re seeing that it’s revolutionizing voluntary benefits as well. Technology […]
How Better Benefits Can Improve Work-Life Balance and Keep Employees Happy
We know that benefits can be a powerful tool for attracting top talent in a competitive job market. But a solid benefits package can do much more than just that; it can be a driving force in what either keeps employees happy, or what causes them to leave. No matter how fantastic a job might […]
How to Prevent Employee Burnout and What Employers Can Do
The World Health Organization (WHO) has officially added “burnout syndrome” to their handbook as a medical condition as of May 2019. This is an important indicator of the state of many workplaces and, although it may come as a shock to some, it is all too familiar to others. What is employee burnout? “Burnout is […]
5 Tips for Preparing for Department of Labor Audits
The Department of Labor (DOL) can conduct an audit on your company at any time, with or without warning. Since they are in charge of enforcing ERISA, Fair Labor Standards Act, items, and FMLA, there are a lot of things to keep track of in order to stay compliant at all times. Maintaining compliance is […]
Examples of Employee Benefits on the Decline
Thanks to a tightened job market, a lot of unique benefits have been on the rise lately. From commuter benefits to pet insurance to flexible work arrangements, it seems that participation in benefits offerings is booming. The Society for Human Resource Management reported that between 2017 and 2018, the participation rates for more than 60 […]
Fertility Coverage: A Must-have Benefit?
Not too long ago, fertility coverage was a fringe benefit that only companies with the most expansive benefit packages offered. Now, thanks to a more competitive job market and the increased need for employers to offer comprehensive benefits packages, fertility coverage is becoming a more mainstream health benefit. Here are some key factors driving the […]
Common Pitfalls Causing Brokers to Lose Clients
So open enrollment for 2019 is in the past and your renewals for this calendar year are taken care of. Mid-year is the time for brokers to kick back and relax, right? Ehh, not so much. It’s not that you don’t deserve a break for your hard work, because you do—but taking it easy today […]
Everything You Need to Know About the Latest New Jersey Commuter Tax Benefit Legislation
According to recent census data, there are over 1.9 million people in New Jersey who commute to work each day. Between mass transit fares, parking rates, and rideshare charges, commuters can end up forfeiting a good chunk of their paycheck just to get to work every day. New Jersey government has stepped in to ease […]
Good Benefits are More Attractive than Higher Salaries for Attracting Top Talent
In previous years, a competitive salary was enough to make your company the top choice for the best talent in your field. But times have changed, and salary alone is not enough. The unemployment rate in the United States has recently hit a historic low of 3.7% this fall, with extremely low rates for most […]
Millennials Named the Most At-Risk Generation for Life Insurance
Millennials have been named the most at-risk generation when it comes to life insurance, meaning their lack of adequate life coverage leaves them unprepared for unexpected life events. New York Life’s 2018 Life Insurance survey uncovered that only 10% of employees have the life insurance they self-reportedly need. These needs include mortgages, retirements, and children’s […]