POSTS TAGGED : benefits

5 Moves To Pave a Solid Path in Benefits Administration

Benefits are profitable for employers and employees. Former recruit best talents and retain human capital, while later secure the future with professional and personal growth. However, without a well-design benefits strategy, all efforts and opportunities for fostering a connection with workers will be lost. Moreover, neglecting enough time for planning a benefits strategy will result in a loss of thousands of dollars for both a company and its workers.

Pathway

We provide a detailed guide to discuss five crucial steps in benefits administration. But before getting down to business, let’s settle on the terms.

Benefits in a word

Employee benefits are non-wage compensations that a company provides to its workers.…

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Evaluating Benefits 101 – Comparing Premium Costs is Just Not Enough

The current business environment is a difficult one. While businesses are still seeking to expand, prudent business executives and owners are also looking to economize in every way possible. These cost-cutting efforts will affect every department in a company, especially HR, as most companies spend the largest part of their revenue on salaries and wages.

Evaluating Employee Benefits

Not only will salaries and wages be tightly controlled but the depth and range of benefits packages will also be reconsidered every year. Lessening benefits and thus lowering premiums may seem the most obvious way to achieve savings but there are hidden costs that should also be considered before reducing a company’s benefits package.…

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How Could Going Green Benefit Your Small Business?

The reasons to go green are often pitched as necessary changes for the continued existence of the world with growing populations and pollution. While not wrong, going green often comes with a stigma of raising costs of business, and in an unstable economy it can seem dangerous to go through any dramatic change in doing business.

How Going Green Could Benefit Your Small Business

Here are some examples of ways going green can save you money and be good for business, all while helping the environment.

Any PR is Good PR, but Positive PR is Better PR

While it may seem like a bad way to think about going green, the fact is that it can easily turn into a great marketing campaign.…

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Top Seven Open Enrollment Tips for Small Businesses

seven cost-cutting open enrollment tips for small businessesWith open enrollment season officially underway, many small businesses, as well as their employees, are wrestling with the rising cost of health insurance.

According to a recent study by the Kaiser Family Foundation, there was a spike in health insurance premiums this year, with the cost of employer-sponsored health insurance increasing 9 percent for family coverage and 8 percent for single coverage.

That’s especially troubling for small businesses when you consider that they pay up to 18 percent more per worker than large firms for the same health insurance policy.

The good news: there are many ways for small businesses to mitigate those increases.…

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