Small businesses are taking a cautious approach to hiring, compensation and employee benefits, according to the 2014 Aflac WorkForces Report for Small Businesses. The study of businesses with three to 99 employees also found that benefits are a key component to employee hiring, retention and satisfaction. Although 63 percent of small-business employees are extremely or very […]
Category: News
HSA holders don’t understand accounts
Sure, as evidenced by the growing numbers, consumers love their health savings accounts. Problem is, they just don’t really know much about them. A new survey from Alegeus Technologies says most consumers, and even account holders specifically, do not fully understand account-based health plans, including HSAs, flexible savings accounts and health reimbursement accounts. Only 30 percent […]
4 ways to engage workforce
When the going gets tough, do employees get going? Or do they just go? A new study raises red flags about the commitment of today’s workforce to the companies for which they work, said Steven Glaser, CEO of Information Control Co. in Columbus, Ohio. Part of the challenge is a shift to a younger demographic […]
Workers fear employer shift to PPACA exchange plans
Many U.S. workers hate the idea of getting health coverage from the new Small Business Health Options Program (SHOP) exchange plans. Jonathan Easley looks at workers’ views on public exchange SHOP plan coverage for The Morning Consult, in a summary of results from a voter poll the organization commissioned. Easley found that 63 percent of […]
Private Exchanges: The Best Option for All Businesses?
The media and insurance industry circles frequently mention private exchanges as an alternative to public marketplace exchanges or traditional insurance plans. A recent survey of employers by Towers Watson and the National Business Group indicated that one-third plan to move their employee benefit plans to private exchanges within the next few years. They may be […]
Americans unprepared for financial impact of accidents, critical illness
There are certain things we don’t like to think about. Death, serious accidents and critical illnesses are likely near the top of everyone’s lists. While one is inevitable, many bury their heads in the sand when considering accidents and critical illnesses. Most would say: “I’m safety conscious.” “I’ll take my chances.” “I take good care […]
The Many Benefits of Streamlining, Improving Fall Benefits Enrollment
Fall. Thoughts of the World Series, football, colorful foliage, and a new season of employee benefit enrollment abound. OK, benefits enrollment is unlikely to generate quite the stir as some of the season’s traditional activities and benchmarks. But employers that take simple, but important, steps to increase employee enthusiasm for their benefits programs will maximize […]
Happy Independence Day!
From everyone at Franchise Benefit Solutions, we hope you have a happy and safe 4th of July!
Employers not satisfied with voluntary participation
Many employers believe that they offer a smorgasbord of benefits but their employees are sticking with meat and potatoes. Only 36 percent of employers are “very satisfied” with companyparticipation in voluntary benefits, according to MetLife’s 12th annual U.S. Employee Benefit Trends Study. By contrast, a record one-half of employees report being satisfied with their benefits. The primary reason […]
5 benefits of voluntary benefits
The days of employer-paid benefits are disappearing faster than a snow cone in July — especially when you consider that most companies are not helping to offset the costs for much more than major medical and physician care for their workers. And, the sticker shock for premium increases has just barely begun. Just wait until 2015! However, […]