Posts Tagged employee benefits

6 Ways A Great Employee Benefits Broker Can Help Your Company

6 Ways A Great Employee Benefits Broker Can Help Your Company

Starting the open enrollment season may feel like the kickoff of The Big Game to HR professionals, who gear up for months to get through this time of year. Employees are often confused about their options, leaving human resources staff members to answer the same question dozens — if not hundreds — of times. Even with exceptional communication, it’s unusual to have everyone complete their enrollment elections on time. It’s much more likely that staff members will still be chasing down answers several weeks after the enrollment period has officially closed. With all this stress and confusion, what can a great employee benefits broker do to help your company work through the challenges?

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10 Questions To Ask A Potential Employee Benefits Broker

10 Questions To Ask A Potential Employee Benefits Broker

Employee benefits and insurance are one of the top business expenses. It makes up around 30% of your compensation costs, just behind payroll which is around 60%. These programs have the potential to directly affect your organization. Benefits are often integral in employee retention, the quality of talent you attract, employee turnover, productivity, and more. With so much riding on these decisions, you don’t want to leave it to change. An employee benefits broker can help select the best programs for your business and help with sign up and information dissemination. However, selecting a benefits broker should not be taken lightly. Before you hire your next broker, ask these questions.

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4 Ways an Employee Benefits Broker Can Help Your Company

4 Ways an Employee Benefits Broker Can Help Your Company

If you’re not sure whether or not an employee benefits broker can help your company, you might be surprised at the advantages they offer. Health insurance and employee benefits can be difficult to navigate. Having some help and guidance in these matters can make the process much easier. But what exactly can an employee benefits broker do for your company? It could be more than you may realize.

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3 Helpful Hints to Remain Compliant in Regards to Employee Benefits

3 Helpful Hints to Remain Compliant in Regards to Employee Benefits
Are you fully aware of the privacy policies that are in effect when you’re onboarding a new employee? What about the most recent changes to government policies? Between hiring new staff members, performance reviews and your daily work, it can be challenging to stay up-to-date on all the latest information around compliance in regards to employee benefits. Perhaps one of the easiest ways to ensure your staff is always taking the right steps to respect the privacy of others is to implement proactive software tools that will protect both individuals — and your organization.

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How to Combat the Cost of Employee Benefits Without Impacting Coverage

How to Combat the Cost of Employee Benefits Without Impacting Coverage
Creating an employee benefits package that provides your employees and their families with the support that they need without placing undue stress on the organization is a fine balancing act. Employee benefits continue to rise in cost — much more than the average cost of living increases can cover. Organizations are continually looking for ways to provide a comprehensive benefits package that is still affordable for employees, which can feel extremely difficult at the best of times. Here are some tips from benefits professionals to help you combat the rising cost of employee benefits without negatively impacting their coverage levels.

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3 Top Tips for Communicating a Change in Employee Benefits

3 Top Tips for Communicating a Change in Employee Benefits
Changes to employee benefits can be difficult to manage. If they aren’t handled correctly, employee morale can suffer and employees may be more hesitant to participate in group plans. Not all employees are averse to change. There are some who experience dissatisfaction with their current benefits. According to a study by Clutch, 52% of them wish their employer would increase a benefit they already have, while 14% want their employers to offer completely different benefits.

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3 Reasons Paperless Employee Benefits Are on the Rise

3 Reasons Paperless Employee Benefits Are on the Rise
The days when you received a massive stack of paper to mull over during open enrollment time every year may be coming to an end. Each year, more workplaces are moving towards a more streamlined approach, that allows employees to review selection choices for the year online. There are a number of benefits to both the employee and the business, making it unsurprising that this convenient method of making annual selections continues to gain traction. The growing need to protect personal information and show full compliance with HIPAA and other data protection standards is crucial. When annual elections are completed online, you reduce the chance of an employee accidentally seeing private information and can even reduce the overall cost. The Bureau of Labor Statistics notes the significant surge in the cost of employee benefits, which may be the most compelling reason of all for making the shift. We’ll discuss 3 key reasons why employee benefits are moving from paper to a digital format.

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How to Reduce Confusion During Open Enrollment Season

How to Reduce Confusion During Open Enrollment Season
There are so many changes taking place with employee benefits and insurance; open enrollment is more confusing than ever. HR departments across the country are taking steps to try and cut down on the misinformation while ensuring that employees have what they need to make informed decisions. Research by Digatate shows the importance of organized, clear onboarding:

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3 Ways to Drive Employee Engagement During Open Enrollment

3 Ways to Drive Employee Engagement During Open Enrollment
Keeping your employees engaged, productive and happy is a major factor in the success of your company. According to GuideSpark, “86% of employees say that benefits play a significant role in the decision to stay with their employer.”

The best HR departments not only create strong benefits packages, but they also know how to get their employees enrolled. What good is a benefits package if no one signs up?

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7 Tips for Setting Clear Expectations During Open Enrollment

7 Tips for Setting Clear Expectations During Open Enrollment
Many people love a surprise, but surprises related to health insurance and other employee benefits are not usually well received. Open enrollment is a prime opportunity to not only help employees with their insurance needs, but also to provide them with the information that they need regarding coverage changes, when they should receive their ID cards, and other concerns. This is not a time to wing it, having a well-structured plan is the best way to approach employee benefits. As a result, your staff will feel more confident and relaxed while your employees will be better informed.

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