The Affordable Care Act (ACA) worked hard to encourage small employers (generally those with fewer than 100 full-time equivalent employees, though state-specific requirements can also apply to state-run Exchanges) to provide health insurance to their workers. Chief among its efforts to ease accessibility and favorable pricing is the Small Business Health Options Program, or SHOP.
How many companies outsource benefits-related functions? Short answer: more and more. Two recent studies both demonstrate this dramatically. The third annual Guardian Workplace Benefits Study found that one-third of employers now outsource all of their benefits administration, a 65% increase since 2013.
Recruitment is a keen challenge for small businesses in today’s employment marketplace. According to The Conference Board, we’re facing a 15-year period of tight labor market conditions. That has translated into nearly a third (29%) of business owners that are dealing with positions they cannot fill right now, according to the National Federation of Independent Businesses; that’s the highest number since April 2006.
Presenteeism – or when workers show up when they shouldn’t – is the flip side of absenteeism. Contrary to many opinions, it’s just as bad for business. Most often, presenteeism means sick workers coming into work when they’re unwell, unproductive, and often – much worse – infectious.
Wholesale Services refers to sales of an enormous range of durable products, from professional and commercial equipment through motor vehicles and parts through electrical goods. It's a gargantuan industry that deals in $6 trillion in annual sales and, remarkably, is one poised for substantial growth.
From the employer’s perspective, a benefits package has a job to do. You spend time, energy and money putting together a competitive package, and it should benefit not just your workers, but also the organization itself.
There’s a major regulatory change that will likely hit employers in 2016 under the Fair Labor Standards Act, potentially resulting in billions of dollars of additional expenses for U.S. employers. Here’s what you need to know.
Happiness with benefits correlates strongly with employee satisfaction: three out of four employees who do rate their benefit package as excellent or very good also rate their employer as an excellent or very good place to work.