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.
Posts Tagged employee benefits
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.
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.
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.
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:
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?
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.