Posts made in February, 2012

Alabama Education Association Selects TIAA-CREF as Retirement Plan Provider

Posted by on Feb 14, 2012 in Press Releases | 0 comments

Centralized Design Provides AEA Members Access to Array of Low-Cost Investment Options and Access to Community Based Fee-Only Registered Investment Advisors New York, NY, February 14, 2012 – TIAA-CREF, a leading financial services provider, today announced its selection by the Alabama Education Association (AEA) as the exclusive endorsed retirement plan provider for AEA’s more than 104,000 members in 173 school districts and community colleges across the state. “The market volatility of the past several years highlights the importance of working with a financially strong and low-cost...

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Get Creative with Benefits Strategies During an Economic Downturn

Posted by on Feb 10, 2012 in Employee Benefit Program | 0 comments

In an economic downturn, companies can struggle to maintain their existing employee benefits programs, much less think about adding new ones. In times like these, low- and no-cost measures can help a company to keep its benefits programs vibrant and evolving to meet employee needs. Here are some such measures to consider: A recession may make it impossible to allocate additional company dollars to benefits, but an employer can give employees time and convenience instead, through various strategies. Set up a direct deposit program for employee paychecks.Depending on the financial institution...

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Use Voluntary Benefits to Offset Negative Reaction to Benefits Cutbacks

Posted by on Feb 7, 2012 in Employee Benefit Program | 0 comments

All successful companies face the challenge of attracting and retaining the best employees. Even in an economy with widespread workforce reductions and a job market that favors employers, salary freezes, bonus eliminations and benefits cutbacks make it more difficult to motivate employees and maintain their loyalty. Though disgruntled employees may stay on board for as long as tough economic times persist, when conditions improve they’ll begin to get their resumes in order and explore other opportunities. That’s one reason why it’s important to maintain a competitive...

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Communications Top Concern in Benefits Enrollment

Posted by on Feb 1, 2012 in Employee Benefit Program | 0 comments

Any benefits or human resources professional who has been through an open enrollment season knows the importance of communications in ensuring that the enrollment process goes smoothly and successfully. Yet, overall, employers still have work to do in crafting and delivering communications that engage employees and result in their careful and considered selection of benefits. A survey from the Guardian Life Insurance Company found that almost half of employees spend little or no time reviewing their benefits options each year. On average, the survey found, employees spend 1.4 hours reviewing...

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