Posts tagged with 'benefits'
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Benefits Are More Important Than Ever This Year
Read the rest of this entry »More than ever, employees are placing a high value on benefits this year, with a majority of workers feeling pressure to make the right choices when open enrollment begins in the next several weeks.
Due to the pandemic, the importance of benefits – voluntary as well as employer provided – has risen significantly in the minds of workers according to a survey sponsored by Prudential Finance. Three-quarters said the current …
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Open Enrollment is Going Virtual This Year
Read the rest of this entry »The dog days of summer aren’t likely to have you thinking of health plans, life insurance, 401ks, or any of the other benefits employers offer. That is, unless you’re in HR.
This year, open enrollment – the weeks in October and November when employees make choices about their benefits – is going to be so different from those of the past that HR professionals began their planning while the rest …
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Survey Finds Employees Dread Benefits Open Enrollment
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Who would have thought open enrollment would be so painful that a third of workers would rather talk about their weight than their benefits. Yet that's what a MetLife survey of 1,000 workers found.
In fact, almost half of workers dread the process almost as much as they do asking for a raise and only a little less than renewing their driver's license.
Dreading the process is one thing, but …
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If You Think Obamacare is Gone, You May Be Hearing From the IRS
Read the rest of this entry »If you thought Obamacare was dead, you're only half right. And if you're an employer with more than 50 workers, the half you're wrong about could cost you plenty.
The New York Times reports that the IRS has so far sent penalty notices to more than 30,000 businesses. The notices warn they could face fines of $2,000 or more for each worker not provided health care benefits.
Amidst all the …
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The No Cost Edge of Voluntary Benefits
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Today, in the struggle to fill jobs, fair compensation, insurance benefits and a 401(k) have become table stakes. To one up the competition, you need to sell the excitement and significance of the work, the company culture, a career trajectory and a work life balance.Once you're doing that, there's one more thing that can help you seal the deal with the top talent you want -- voluntary benefits. We're …
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Don't Make Your Job Offer All About the Money
Read the rest of this entry »It may only be natural when you get a job offer to look first at the "how much" part. But if that's all you consider, you're shortchanging the employer and overlooking benefits and perks that may well be more valuable than a few thousand more in pay.
Young, healthy workers especially are likely to discount the value of a health package covering medical, dental and vision. Even if you never … -
5% of Workers Account for Half of Healthcare Costs
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Health workers wonder why their share of the cost of employer health plans goes up every year. Employers wonder the same.
The answer to why has many parts -- rising medical costs, the number and size of medical claims, the type of benefits the plan offers, these all contribute to the increase in premium charges. Yet even when a company's workforce is relatively young and healthy, it only takes a … -
Flex Work Popular With CPA Firms
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Flex-work has become a popular perk among CPA firms, according to the 2016 Management of an Accounting Practice (MAP) survey.
As reported recently in The Journal of Accountancy, two-thirds or more of most firms offer some form of flexible work arrangements. Among the largest accounting firms, those with $10 million or more in revenue, 96% offer flex-time.
Telecommuting is another popular benefit, though not as widely offered as flex-time. … -
Get Your Zombie Insurance Before It's Too Late
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If "The Walking Dead" has you fearing zombie attack you may want to consider getting zombie insurance.
More than a few sites offer policies, some starting as low as $1 a year. At ZAICO (rhymes with a bona fide insurance company name), coverage includes replacing ammunition, rebuilding and zombie body disposal.
That such coverage might really exist is almost believable when you know that there is actual insurance … -
Are All Those Benefits Making A Difference?
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It wasn't that many years ago that companies offered benefits packages that were all pretty much similar: two or three weeks vacation, some sick days, health, dental and vision, and a pension or 401K.
Today, those benefits are mere table stakes. To attract talent, companies are offering perks not even provided to CEOs in years past: unlimited vacations, paternity leave, veterinary insurance, and onsite massage, to name just a few. …
