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Skip Group Health: Small Businesses Finding Savings in Health Reimbursement Arrangements

Skip Group Health: Small Businesses Finding Savings in Health Reimbursement Arrangements

Despite the Affordable Care Act – and in some ways because of it – offering a traditional group health plan has become prohibitively expensive for many smaller employers. Between 2006 and 2016, average total per-employee premiums have risen by 58 percent, from $11,480 per year to $18,142. Workers are feeling the pinch: Their average contribution to their employer workplace plans increased by 78…

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So the GOP Effort To Replace Obamacare Crashed and Burned. What Now?

So the GOP Effort To Replace Obamacare Crashed and Burned. What Now?

The Republicans had one job. One job! Repeal and/or replace the controversial Affordable Care Act. That’s what they ran on in 2010 to roll up the midterm elections. That’s what they ran on in 2014, again defeating the Democrats in an electoral rout that even threw Democrat governors out of Maryland and Illinois. Illinois! 

The one election since the ACA was passed that Republicans failed to gain…

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College Degree Holders Invading Blue Collar Job Turf - And Employers Like It

College Degree Holders Invading Blue Collar Job Turf – And Employers Like It

Over four out of every ten employers are hiring academically overqualified workers – and they’re happy they did.

A recent survey from Career Builder found that 41 percent of employers are hiring workers with college degrees for positions that don’t require them, and had in the past been filled with workers who have only a high school education. That’s up from 37 percent in the 2016 survey.

While…

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Millennials Clamoring for Student Loan Repayment Benefit from Employers

Millennials Clamoring for Student Loan Repayment Benefit from Employers

Employers looking to set themselves apart when it comes to recruiting and retaining millennial talent should consider setting up a formal program to help them repay their student loans. That’s the finding of a recent study from American Student Assistance, which surveyed 52 workers between the ages of 22 and 33, as well as 541 human resources managers at companies with more than 100 workers.

Wha…

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Want to Attract Employees? Supercharge Your Educational Benefits

Want to Attract Employees? Supercharge Your Educational Benefits

Is your company in a position to ramp up employee benefits? Take a close look at your employee benefits related to education. Education benefits tend to have more focused appeal for certain types of workers – upwardly mobile, education-focused workers that you want to keep.

Here’s why:

1.) Workers want education benefits – and respond to them. The 2011 National Association of Colleges and…

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CEO Scott Thompson Joins Members of Congress to Announce H.R. 795, a New Bill to Help Address the Rising Student Debt Crisis

CEO Scott Thompson Joins Members of Congress to Announce H.R. 795, a New Bill to Help Address the Rising Student Debt Crisis

Two weeks ago, Congressman Rodney Davis (R) of Illinois introduced an important piece of legislation, The Employer Participation in Student Loan Assistance Act (H.R. 795). This bill amends the IRS code to extend the tax exclusion for employer-provided education assistance to include payments of qualified education loans. There has been a groundswell of rising interest in and support for employee…

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Met Life Study Finds Gap Between Benefits Workers Want and What Employers Provide

Met Life Study Finds Gap Between Benefits Workers Want and What Employers Provide

Companies that are flexible and forward-thinking with their overall compensation package have an opportunity to increase their employment value proposition with today’s workers in meaningful ways. That’s the takeaway from a recent study from researchers at insurance giant MetLife.

The 14th Annual U.S. Employee Benefit Trends Studyshows that as workers continue to experience financial…

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Election Year Politics in the Workplace

Election Year Politics in the Workplace

The question of politics in the workplace has never been more important. This year’s election has been a contentious, emotional one so far. And that’s not going to get any better as we head towards November. Both leading candidates are deeply distrusted and disliked by members of each opposing camp. If recent outbursts, arguments, insults and ‘unfriending’ on social media is any guide, it is…

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Minnesota Fills Teacher Shortage By Offering Student Loan Repayment Assistance

Minnesota Fills Teacher Shortage By Offering Student Loan Repayment Assistance

Need to attract young workers? You aren’t alone. The State of Minnesota is struggling with a massive shortage of qualified teachers – and has decided to do more to attract young, recently-graduated teacher applicants by sweetening their benefits package with a student loan repayment assistance program.

Thus far, the program has been a terrific success, attracting at least 3,000 applicants from…

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Don't Miss These Critical HR Deadlines

Don’t Miss These Critical HR Deadlines

  As much as we all enjoy reading about developing the soft skills and the exciting new human resources technologies coming out, being in this business still means hitting your HR deadlines. Fire up your Outlook calendar and wipe off that white board — here are some of the critical HR deadlines coming up over the next four months:

September 30th – Your Summary Annual Reportdocuments for last…

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Creating the Millennial-Friendly Office

Sure, salary is important – and it always will be. But today’s younger workers aren’t just looking for a paycheck. Millennials are increasingly looking for a combination of tangible and intangible factors when they choose where to contribute their labor and their talents. Aside from straight hourly wages and salary, these workers want a manageable work-life balance. They are willing to work a…

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Aetna To Give Employees Up to $10,000 In Student Loan Repayment Assistance

Aetna To Give Employees Up to $10,000 In Student Loan Repayment Assistance

Health insurance giant Aetna is the latest major employer to join the growing list of companies to offer student loan repayment assistance as an employee benefit. Beginning in 2017, the company’s 50,000 full-time workers will be eligible for matching student loan payments of up to $2,000 per year, up to a cap of $10,000 per individual. Aetna defines “full-time” workers as those working at least…

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Benefits Communication: 7 Proven Strategies

Benefits Communication: 7 Proven Strategies

Employers offer benefits to recruit and retain valuable employees. But all that money you spend on employee benefits is useless if employees don’t know about the benefits, don’t appreciate the value, or miss out on open enrollment periods and other important deadlines because benefits communication was ineffective.

But ineffective benefits communication seems to be the rule, lately, rather than…

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The New Overtime Rule: What You Need to Know

The New Overtime Rule: What You Need to Know

The Department of Labor has made it official: Companies are going to have to start paying overtime to millions of currently salaried workers effective December 1 of this year. The new rule will directly affect about 4.2 million employees not currently eligible to earn overtime pay who will now be able to qualify, unless their employer takes some other action. You can read the full text of the…

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Engage! How to Motivate Millennial Employees

Engage! How to Motivate Millennial Employees

Millennial employees now make up the majority of the American work force, and of course dominate the entry-level labor force. They are also beginning to make their mark on the lower and middle rungs of management, with the oldest Millennials now in their mid-30s. A recent Gallup poll, How Millennials Want to Work and Live, takes a statistical dive into the Millennial work force. What they found…

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Employee Benefits Ideas to Help You Stand Out

Employee Benefits Ideas to Help You Stand Out

Competition for talent is getting more intense. Last month’s positive jobs report was great news, but it also means that employers are going to have to step up to the plate and offer a compelling value proposition in order to recruit and retain the best talent. Fall behind and it will be your competitors, not you, with the most productive and imaginative workers. Of course, cash compensation is…

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College Debt A Significant Drag on Millennial Employee Retirement Plan Participation

College Debt A Significant Drag on Millennial Employee Retirement Plan Participation

The numbers are in: 25-35 year-olds are contributing far less than expected to retirement and other savings plans – and sky-high monthly college debt service requirements are a big part of the reason why.

According to data from EdVisors,those graduating from college in the year 2015 are leaving school with a record $35,051 in student loan debt, on average. Assuming a monthly interest rate of 6.8…

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