3 Benefits That’ll Promote Family-Friendly Culture

Businesses today are trying everything to retain and acquire the best talent. From free alcohol to paid vacation expenses, companies have tried to create a work environment that their employees would love. Even though these fun perks are great to have, it’s not a substantial reason for a quality employee to stick with a company.

So what is? Continue reading

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Keep Your Benefits, Lose the High Costs

With higher premiums and insurance carriers leaving the ACA exchange, some people are frustrated with their health care costs. The volatile insurance market has greatly affected businesses that offer benefits and those that planned on offering employee benefits. Large corporations may be able to cope with the changing health care rates, but many small business owners and entrepreneurs are suffering from them.

For that reason, we wanted to share the different plans that small to mid-sized businesses can utilize to cut their health care costs. Hence, we analyzed the three common health plans that businesses use to offer employee benefits: the fully insured (fully-funded) health plan, the self-insured (self-funded) health plan, and the level funded health plan.

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5 Unique Job Perks to Consider for Your Business

Looking to improve the culture in the workplace? Well, one excellent method to improve the work environment is to offer unique perks and benefits to employees. These special benefits can help retain and acquire top employees while improving employee spirit. That’s why so many large corporations like Netflix, Google, and Facebook have established these unique perks. Some of these benefits require a lot of funding, while others are relatively cheap. Either way, here are 5 benefits that business owners should try to utilize.

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ACA Premium Increases for 2017

With the enrollment period quickly approaching, I thought you should get a quick overview of some of the premium increases that may be heading your way. The cheapest silver plan is the basis of this analysis because it is the most commonly purchased plan in the ACA market exchange. The premiums of major cities in various state are observed due to their high population. Also, let it be known that these rate increases are not official and are still seen as preliminary data.

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Wellness Programs: The Answer to Rising Health Care Costs

Health insurance rates are skyrocketing in various parts of our nation, and some places won’t even be able to find coverage due to the lack of insurers in the ACA exchange. Health care has become a trending and controversial topic, and consumers are starting to worry about being able to obtain coverage for the next year. It also doesn’t help that the ACA is pressuring everyone to acquire health insurance due to its monetary penalties.

Well, due to increased health care expenses, business owners are starting to reduce their benefits plan or even get rid of it altogether just to save money. Then, it creates a conflict of interest between the employee and employer because employee benefits is a major component in acquiring and retaining top talent.

But what if I told you there was a way for the employer to save money and support employee wellness?

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How to Choose the Right PEO for Your Business

A Professional Employer Organization (PEO) helps companies outsource the management of payroll, human resources, employee benefits, and workers’ compensation, so business owners can focus on the core aspects of their business.

Many businesses today need help managing their HR responsibilities and employer/administrative tasks. Luckily, a PEO is able to offer services to assist businesses with these responsibilities by establishing a co-employer relationship with them. With this relationship, business owners will be able to focus on the operational and profit-building side of their company, while the PEO manages their complex employee-related matters.

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