The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) offers new rules for loans and distributions made during the 2020 calendar year:
Learning new things is one of the best ways we can grow—both as individuals and professionals. Just as teachers encourage their students to learn new things, managers should encourage their direct reports to do the same. But while most companies want their employees to pick up new skills, few actually invest in professional growth.
Unlike your grandparents, you'll likely be fully responsible for your retirement. Yet, according to a recent report from SCORE, retirement plans are only offered by 28 percent of businesses with fewer than 10 employees and 51 percent of businesses with 10 to 24 employees.
Today, employee benefits span well beyond just healthcare, vision, and dental insurance. They’re a useful way of attracting and retaining talent, as well as standing out from your competition. In fact, according to Glassdoor, 89 percent of millennials would rather have more robust benefits than a pay raise.
Losing a loved one is extremely difficult. During tough times, work needs to take a back seat as people focus on being with family, friends, and loved ones. Many companies offer bereavement leave as a way to give employees space and time to cope with
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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.
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.
As summer draws to a close, HR professionals across the country are preparing for open enrollment. Top-notch benefits have become more important than ever to attract and retain top talent. In our recent open enrollment survey, Namely found that the vast majority of employees would give up novel perks for better benefits. However, most employees don’t want to pay higher premiums. So how can you provide high quality, affordable plans? Namely has teamed up with major insurance carriers to help companies do just that.