Job satisfaction in the American workplace: are your employees happy?

Posted by Gretchen Smitson on Sep 18, 2018 7:15:00 AM

51% of employees report job satisfaction

Employee retention is a struggle that many employers face in the modern recruiting market. In order to remedy high turnover rates, employers are trying to find ways to keep employees satisfied with their employer organization.

According to a report conducted by The Conference Board, 51% of employees in the United States are satisfied with their jobs overall. With just a little more than half of the workforce reporting job satisfaction, that leaves nearly one half of workers dissatisfied with their overall workplace experience. So what are employers doing well? What could be improved? 

Read More

Tags: HRIS, industry trends, hr best practices

Consumers blame insurers for surprise medical bills

Posted by Emily Kubis on Sep 17, 2018 8:53:33 AM

How brokers can help

A majority of Americans have received a surprise medical bill in the last year, and a new study provides some insight into how consumers feel about medical billing — and where they place the blame for unexpected costs.

According to the study, published by research organization NORC at the University of Chicago, the majority of respondents named insurance companies as very responsible for surprise billing, followed next by hospitals. Most of the surprise charges were for a physician’s service, followed by lab tests.

The study illustrates that despite years of conversations around price transparency and consumer-directed healthcare, the industry is still struggling to effectively educate consumers about their benefits and care costs.

Read More

Tags: Online Benefits Administration, broker software, brokers, short-term health plan, hr software, benefits administration, benefits software

How brokers can help employers understand auto-adjudication

Posted by Alex Tolbert on Sep 14, 2018 6:00:00 AM

Check out this column in BenefitsPro:

As more small and mid-sized employers consider their options for self-funding group benefits, good communication is more important than ever. With health care costs taking up larger portions of employers’ budgets, explaining the factors that drive premium increases can help clients and prospects see the value of changing their current strategy.

One of these factors is the auto-adjudication of insurance claims. Most brokers understand the impact auto-adjudication can have on employer health care costs, but this isn’t something most employers spend a lot of time thinking about.

Making sure clients and prospects understand how auto-adjudication affects their costs can lead to more groups willing to pursue alternative strategies that provide more transparency.

Read More

Tags: health insurance brokers, broker, benefitspro

Do I have to offer COBRA?

Posted by Gretchen Smitson on Sep 13, 2018 7:15:00 AM

HR Best Practices blog series

Navigating the world of HR can be overwhelming—period. That’s 

why we’ve created a blog series to answer common HR questions. To help answer each question and define best practices, we have three HR heroes with very different approaches to HR: Bythe Booke, Sam Blackheart, and Peggy Prag. You may find yourself relating to one (or more) of our heroes depending on the given situation. To see full descriptions of each character, reference our first blog of the series using this link.

Last week we covered, “Do I really have to check I-9s?” Now, let’s see what Bythe, Sam, and Peggy have to say about our next question: Do I have to offer COBRA?

 

Read More

Tags: COBRA, HR, hr best practices, HRheroes

How new short-term health plan rules could affect employees

Posted by Emily Kubis on Sep 12, 2018 9:07:26 AM

What brokers should know

New rules from the Trump administration will expand the reach of short-term insurance plans, which could result in additional options for consumers, including employees.

The new rules extend the duration of short-term health plans from three months to 364 days, and would also allow the plans to be renewed. These regulations make short-term plans more like other types of insurance.

While these plans are generally cheaper than other types of coverage, they do not cover as many services as traditional health plans, such as preventive care or prescriptions.

Still, many anticipate that consumers looking for lower-cost alternatives may forgo comprehensive coverage and elect these plans, especially as the individual mandate penalty no longer applies next year.

Why does this matter to brokers? In a few circumstances, employees could choose these new options instead of workplace options, and clients may be looking for advice on these scenarios. Here are a few examples of where this could apply.

Read More

Tags: Online Benefits Administration, broker software, short-term health plan, hr software, benefits administration, benefits software

How top startups like Lyft are attracting top talent

Posted by Gretchen Smitson on Sep 11, 2018 7:15:00 AM

LinkedIn identifies most sought-after startups

Last week, LinkedIn released LinkedIn Top Startups 2018: The 50 most sought-after startups in the U.S. Using data from its massive userbase, LinkedIn reviewed and ranked startups that attract and retain top talent.

In order to generate this report, LinkedIn analyzed the following: employee growth, jobseeker interest, member engagement with the company and its employees, and how well startups pulled talent from top companies (i.e. Amazon, Facebook, etc.).

Which startups made the list? Here’s the top 5: Lyft, Halo Top Creamery, Coinbase, Noodle.ai, Bird. Let’s take a look at what these startups are doing to attract the attention of top employee talent.


Read More

Tags: hiring, recruitment, ATS, industry trends

Culture of health reduces turnover by a third

Posted by Emily Kubis on Sep 10, 2018 11:09:55 AM

How brokers can help

A new study by Mercer found employers’ turnover rate dropped by a third when comparing companies doing the most to help employees thrive, versus those doing the least.

Employees stay longer when the culture of health is stronger, the study found. Further, employers engaging in more “wellbeing practices,” also bend the cost curve more substantially.

What are the well-being practices? The study broke them down into three categories, “basic,” “culture of health,” and “quality and value.” Here are a few of these solutions for cost containment and employee well-being.

Read More

Tags: Online Benefits Administration, broker software, hr software, benefits administration, benefits software

How to help clients create association health plans

Posted by Alex Tolbert on Sep 7, 2018 9:22:42 AM

Check out this column in Employee Benefits Adviser

New rules from President Trump and the Department of Labor expand the scope of association health plans, thereby creating a key opportunity for brokers to help clients who may benefit from the updated regulations.

The new rule expands who can participate in AHPs. This will allow more people to benefit from economies of scale in health insurance. Groups in the same metropolitan area no longer have to have a common business interest in order to form an association, and self-employed individuals will now also be able to participate in AHPs.

Offering coverage through an AHP can produce significant cost savings for your clients or prospects, but the group or sole proprietor will first have to join or form an association. It’s important that your groups get the regulatory and compliance aspects of AHPs right, which is why some of your current or prospective clients may already be asking you for advice on this.

To support these clients, partnering with an attorney will provide much-needed assistance.

Vetting a labor or ERISA attorney will allow you to provide another layer of support to clients interested in AHPs, but it will require some research. You will likely want to first interview at least two or three attorneys in your market, and ultimately form an alliance with one to assist clients who wish to create associations and ensure compliance.

Here’s how some brokerages are thinking about going about this, and a few steps to consider.

Read More

Tags: health insurance brokers, employee benefit adviser, reference based pricing, self-insurance

Do I really have to check I-9s?

Posted by Gretchen Smitson on Sep 6, 2018 7:15:00 AM

HR Best Practices blog series

Navigating the world of HR can be overwhelming—period. That’s why 

we’ve created a blog series to answer common HR questions. To help answer each question and define best practices, we have three HR heroes with very different approaches to HR: Bythe Booke (optimal HR), Sam Blackheart (bottom-line driven) and Peggy Prag (practical HR). You may find yourself relating to one (or more) of our heroes depending on the given situation. To see full descriptions of each character, reference our first blog of the series using this link.

Last week we covered, “Do I still have to file 1095-Cs?” Now, let’s see what Bythe, Sam, and Peggy have to say about our next question: "Do I really have to check I-9s?" 

Read More

Tags: HR, Form I-9, hr best practices

Five questions HR should ask about benefits software

Posted by Alex Tolbert on Sep 5, 2018 9:07:39 AM

Check out this column in HR Technologist:

In a competitive job market, a comprehensive benefits package is a key tool for recruitment and retention. But according to the International Federation of Employee Benefit Plans, half of the employees don’t understand the benefits their employer offers.

As a result, many employers aren’t maximizing the value of their investment in benefits. In other words, if employees don’t know which benefits they have access to, or how to use them, the employer likely isn’t seeing the recruitment and retention advantages of offering them.

Benefits administration software can help employees make better, more informed decisions when it comes to the coverage options their employer provides. Most platforms make it easy for employers to provide more robust benefits communication and decision support tools, including PDFs, videos, and other functionality.

As a result, employees more effectively use their benefits, improving retention and maximizing the employer’s investment in those offerings.

But with many different kinds of benefits and HR software systems marketed to employers, how should the HR department think about finding and implementing the benefits system that is right for their organization?

Most all-in-one HR systems will report a benefits administration feature, but employers and HR leaders should carefully consider the functionality of the platform before purchasing. Here are five questions to ask when it comes to finding a system to better manage benefits eligibility and enrollment.

Read More

Tags: health insurance brokers, HR tech, HR Technologist

Email Subscription

Recent Posts

New Call-to-action