Posts made in August, 2012

HR with Tightened Purse Strings Can Still Meet the Challenge of Keeping Employees Happy

Posted by on Aug 28, 2012 in Employee Benefit Program | 0 comments

  Between the elevated food, transportation, and energy prices; plunging home values; and volatility surrounding the investment market, consumer attitudes have been shaken to their core. Businesses of all trades are feeling the pinch as the consumer’s belt is forced to steadily tighten. Human resources (HR) departments particularly face some rather complicated and unique challenges during difficult economic times. For example, a business facing financial cutbacks may decide to cut the benefits budget in HR, only to then task the department to motivate employees feeling the results...

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Voluntary Benefit Programs and Flexible Benefit Plans: Two Vehicles for Offering Choice to Employees

Posted by on Aug 24, 2012 in Broker Development, Employee Benefit Program | 0 comments

  The American work force today looks much different than it did just a few decades ago, and projections indicate that it will continue to change. According to the Department of Labor’s Bureau of Labor Statistics (BLS), in the decade 2000-2010, the following changes will take place- • While the median age of the work force will rise due to the aging of the baby boomers, the “youth labor force,” defined as workers ages 16-24, will grow more rapidly than the overall labor force. • Women’s share of the labor force will increase, as will the participation rate of...

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Want to Improve Your Company’s Image with Employees and Prospects?

Posted by on Aug 21, 2012 in Broker Development, Employee Benefit Program | 0 comments

Offer Voluntary Benefits… Voluntary benefits are playing an increasingly important role in employers’ benefits strategy, expanding the reach of a company’s benefits budget and helping employees to affordably fill gaps in their insurance coverage. Survey data shows another reason to offer an attractive voluntary benefits roster: Your employees-and prospective employees-will think better of your company if you do. According to a survey from WellPoint Inc., a health benefits company that is an independent licensee in the Blue Cross and Blue Shield Association, 83% of U.S....

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7 Reasons To Add Voluntary Benefits

Posted by on Aug 17, 2012 in Employee Benefit Program | 0 comments

  Voluntary benefits work well, people like them and they are affordable. The following are advantages of offering voluntary benefits: 1. Desired Benefits Employees usually ask prospective employers about disability, life, health and dental benefits. It’s always beneficial to be able to offer good prospective employees the benefits they desire. 2. No Employer Expenses The only thing better than being able to offer employees the benefits they desire is being able to do so without paying much. The payroll tax savings gained from Section 125 offset the administrative costs that are...

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Group Long-Term Care Benefits Employees and Employers

Posted by on Aug 14, 2012 in Health, Retirement | 0 comments

  Long-term care (LTC) insurance is one of the hottest topics in insurance and around the family dinner table.  Individual LTC insurance has been around for a while, and it provides a wealth of benefits that can both preserve your assets and make LTC affordable and less painful.  Aside from its many benefits, Individual LTC insurance is expensive, and many applicants never make it through the underwriting process. So, enter group LTC insurance. Group LTC insurance is a boon to both employers and employees.  Although it has many of the features and advantages of other types of group...

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