Employers - is the cost to offer health benefits to your employees busting your budget? If so, there are many ways to take charge of your own fate when it comes to managing health care risk, controlling claim costs, and engaging individuals in the process. Over the years, I’ve highlighted the importance of funding options other than full insurance; plan designs that drive individual engagement and accountability; a well-being program to keep individuals healthy and productive; and data...READ MORE
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We’ve all heard the phrase, “change is good.” While we can relate to that phrase, it’s not always easy to implement new employee wellbeing initiatives in the workplace, especially when you consider other competing business priorities.
Even if your company is on board, there can also be too much change.
“Finding a healthy balance in delivering a wellness plan that fits the dynamic of your workforce is crucial.”
Many health and wellbeing programs have tipped the scales...READ MORE
I’ve been reading a lot on employee wellbeing lately—more than usual. Not since my college years have I spent as much time researching, filtering through the various credible sources (and some not so credible) and assessing the merits of corporate health and wellbeing programs. Why this sudden return to scouring research journals you might ask? As wellness continues to evolve, we are constantly being challenged on its true return on investment for businesses. Your company may want a...READ MORE
You say Wholistic, I say Holistic: What Does it Mean for Your Employee Well-Being Program?
As a health and well-being industry professional, I’m often asked to define an industry term or assess the value of certain types of programming options for a worksite population. I was recently asked about the concept of wholistic vs. holistic. It’s important to consider the differences between the two terms— although you will find they are...READ MORE
The following was quoted over 10 years ago in an online article from the Society for Human Resource Management. If it was a true statement in 2005, it’s an even truer statement in 2017.
“The days of simply maintaining personnel files and advising on hiring, firing and compensation are long gone for HR professionals. Today they fulfill a variety of roles that require knowledge and competencies in areas that were foreign to them in the past.”
Over the...READ MORE
This May, we will once again celebrate Global Employee Health and Fitness Month, promoting the benefits of a healthy lifestyle to employers and their employees. In supporting this initiative, companies will be recognizing the importance of physical activity as an important driver of employee health, satisfaction and overall business performance.
Employers can use Global Employee Health and Fitness Month as an opportunity to educate their employees on the benefits of...READ MORE
Employee benefits can be complex to administer, particularly in terms of taxation. It is important to understand the tax implications for both the employer and employee. This article will explain the general considerations related to the taxation of employee benefits.
Employer Tax Implications
Employers can usually deduct amounts that they spend on employee benefits as a trade or business expense when filing taxes. In order to be deductible as a trade or business expense, the...READ MORE
Companies of all sizes are constantly looking for ways to enhance benefit programs, retain valuable employees, and improve productivity. What if I told you there is one strategy that is emerging across the country that can help address all of these objectives at the same time? This strategy involves helping improve the “Financial Wellness” of your employees.
For those of us who have been around a while, the personal finances of employees has been the proverbial third rail of Human...READ MORE
Employee benefits have become increasingly complex and costly for both employers and employees. Though benefits are still considered an important factor in recruiting and retaining the best employees, the task of managing benefits has become more difficult while costs continue to rise and regulations increase. Employers want to spend more time managing their business, not benefits!
Ask an employer what matters most to them when it comes to benefits, and their concerns are almost...READ MORE
With employee benefits being one of the highest expenses for organizations, it’s no surprise that a top concern for companies is keeping the benefits price tag manageable. A close second, however, is that in order to operate an effective business and retain top employees; the benefits package must be competitive.
None of this is Earth-shattering news. We are all in the business of getting the greatest value for the least cost. But in the world of employee benefits, there is another—...READ MORE