For most companies, open enrollment is just around the corner. HR teams across the country are working hard to assemble a benefits package that meets employee needs and helps them stand out from the competition.
On October 29, the state of New Jersey will usher in a new mandate requiring most employers across the state to provide paid sick days to employees. Gov. Phil Murphy signed the act into law on May 2, making New Jersey the tenth state to implement mandatory paid sick leave. With the law taking effect in just a few days, here’s what you need to know to be prepared.
Take it to the bank—these days, offering employees retirement benefits is an expectation, not an exception. Namely’s survey data shows that 90 percent of job applicants said they’d think twice about joining a company without 401(k) offerings. But when it comes to the nitty gritty, how many employees actually understand how retirement plans work?
While the United States currently has no paid leave requirement, countries around the world have stepped up to ensure employees have time away from their desks. France, the United Kingdom, and Denmark have the world’s most generous paid leave policies. Here’s how their offerings compare to paid time off (PTO) in the U.S.
Thanks to the Affordable Care Act (ACA), dependent children are eligible to receive their parents’ coverage until age 26. But what happens after that? Depending on the specific benefits their parents have, they may end up losing coverage immediately on their birthday.
It was time for a trip to go see my grandmother in her final stage of life.
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The gig economy is here to stay. According a 2018 study by MetLife, 51 percent of U.S. workers said they were interested in contract or freelance work as opposed to a full-time job. And if freelancing continues to grow at its current rate, the majority of U.S. workers will be freelancing by 2027.
Independent workers value the flexibility, lifestyle, and professional development opportunities that freelancing brings. But more often than not, benefits and perks aren’t part of the equation. They should be.
From long weekends to beach excursions, summer is usually thought of as the hottest time of year to take a break. That’s a good thing—vacation reduces stress and burnout while improving overall happiness. Sounds like it’s time to start planning a fall vacation!
This year, over 235,000
In a world where health insurance is the second largest expense businesses face after salary, it’s more important than ever to offer a range of options to help reduce the overwhelming cost of healthcare. Voluntary benefits like accident insurance, pet insurance, telemedicine, and tax-exempt savings accounts have become a staple of any comprehensive benefits package. To stay competitive as an employer, it’s critical to give employees access to supplemental offerings that help protect them against the high costs of healthcare.
It’s no secret that healthcare costs are rapidly increasing. According to the Kaiser Family Foundation’s 2017 Employer Health Benefits Survey, the average family premium has risen by 55 percent since 2007, and deductible costs have skyrocketed even faster—increasing over 144 percent over the same time period. As a result, high deductible health plans (HDHPs) have become increasingly popular over the past few years.