Many employees continue to feel financially strained because of inflation. With open enrollment fast approaching, inflation could impact the choices employees make when it comes to their benefits. Specifically, employees are likely to consider which benefits matter the most and how to optimize the money they spend on those offerings. As a result, this year’s open enrollment may be more challenging than usual for employers and benefits providers.
The number of older Americans is steadily increasing. According to the U.S. Census Bureau, in 2019, the population of people aged 65 and older numbered 54.1 million. It is projected to grow to more than 80 million by 2040.
Cyberattacks are on the rise in the construction industry. These attacks can shut down business operations, cause reputational damage and result in costly litigation and fines.
Oil drilling is an intricate process that involves lots of strength and skill. With so many moving parts and hands on deck, you not only need to perform your job, but you also need to perform it with safety in mind. Once drilling begins, there are several hazards that you must be aware of and take into consideration to reduce your risk of injury.
To get ready for open enrollment, employers who sponsor group health plans should be aware of the legal changes affecting the design and administration of their health plans for plan years beginning on or after Jan. 1, 2024.
The labor landscape was undoubtedly a roller coaster in the first half of 2023, and employers are still along for the ride. During the past year, the market experienced a record number of employee quits, a jump in talent shortages and increased workplace demands from workers—many of whom had the upper hand in employment negotiations.
Communication in the workplace is key. When it comes to employee benefits, proper communication helps employees recognize the true value of their benefits, which can lead to an appreciation of the company’s investment in their health and well-being. Employees who understand and value their benefits are more likely to utilize them.
In the aftermath of a global pandemic, employers face a new array of employee needs, particularly regarding mental health. Four strategies are emerging that could radically transform the dynamics of employee well-being.
The modern business landscape is shifting, propelled by fundamental transformations in employee benefits, according to the 2023 Society for Human Resource Management (SHRM) Employee Benefits Survey.
How many claims are possible when an employee transfers a patient or resident? The answer is two: both professional liability and workers’ compensation claims can occur simultaneously. What if the individual is an assistant of two? Then there is potential for three claims as the workers’ compensation exposure doubles!
