It’s that time of year again: Employer health insurance plans are up for renewal. For finance leaders, this period can feel like a lottery. If your plan only increases by a few percentage points, you’ve won by avoiding catastrophe. But for others, the renewal period can feel like a time bomb just went off. An […]
Americans use more healthcare services than any other people. So we pay more as a result — and the cost is going up every year. 2025 won’t be an exception. PricewaterhouseCoopers’ Health Research Institute (HRI) warns group health plan costs will rise, on average, 8% from 2024 to 2025. Individual plans costs won’t be a […]
Here’s a common scenario: An individual leaves one employer for another. The previous employer offered a 401(k) plan. The individual rolls over the money in his or her 401(k) into an individual retirement account (IRA) sponsored by the new employer. But the employee doesn’t select index funds that include stocks and bonds to invest in. […]
Layoffs, inflation, AI … these are just some of the factors making employees feel more stressed about their jobs and career future. Studies show stress isn’t unique to ground-level workers and middle management — chief execs feel the pressure too, often to a greater degree. Reason: The higher up you are in the chain, the […]
Believe it or not, more than 80% of workers like their employers’ Paid Time Off (PTO) packages. But that doesn’t stop a surprising percentage of workers from abusing it. Thirty-seven percent of Millennials (workers in their late 20s, 30s and early 40s born between 1981-96) take PTO “without communicating it to their manager and/or employer,” […]
What company wouldn’t opt for an employee benefit that helps new families out and pays for itself in various ways? A recent report on companies that expanded child care assistance is an eye-opener for businesses that seek to attract and retain talented people — especially young mothers. Five companies that implemented child care benefits in […]
401(k) investment plans remain one of the best ways for Americans who are living well into their 70s and 80s to afford retirement. After all, Generation X and Millennial workers won’t be able to count on the same retirement-age benefits as Baby Boomers are enjoying now. Case in point: Social Security (SS) is now entirely […]
There’s a Great Re-evaluation going on among your peers when it comes to health and well-being program benefits. That’s the consensus of industry experts from wellness program provider MOBE, insurance company Willis Towers Watson (WTW) and management consulting company Aon. During the pandemic, many employers made strategic benefits moves to support the rising demands and […]
CFOs and benefits professionals can only do so much to influence employees to invest in a company 401(k) plan. So-called influencers are often needed to spur folks to enroll or up their contributions so they’re not caught flat-footed in retirement. Believe it or not, the most investment-savvy cohort may be Generation Z. When you consider […]
