Category Archives: Voluntary benefits
Lower Your Turnover
Turnover costs you money, folks, big money. New, replacement employees aren’t nearly as efficient as the employee that left, so productivity drops. (I’m talking turnover, which generally means that the good employees are leaving for greener pastures. I’m not talking termination of lousy employees – that boosts efficiency and productivity.)
Business Benefits TV Episode 5 – No Cost Benefits
In this episode, Jim Edholm and his associate talk about voluntary benefits. Voluntary, employee-pay-all benefits can be made available for various coverage classes such as disability insurance, life insurance, dental, critical illness, accident and many other coverages. Employees appreciate the benefits almost as much as they do benefits that are employer-paid, so they can add [...]
Voluntary Product Add “Sparkle” to Your Benefits Offerings
Typically, voluntary benefits consist of the following kinds of coverages:
Dental
Disability
Life
“Other” (the most interesting and diverse group of products)
Voluntary Benefits: A Legal Risk for Your Company?
Does your company offer voluntary benefits, i.e. employee-pay-all benefits? If not, you may not be competitive in the employment arena — an Aon survey found that 77% of companies, profit and nonprofit, offer at least one voluntary benefit. Most of the time, voluntary benefits are a win-win arrangement for the employer. Employees love them, so [...]
America Is in Denial About Disability
In an amazing piece, the Pittsburgh Post-Gazette has published a survey of Americans’ attitudes about Disability Insurance. Amazing. That’s all I can say. Here’s the bottom line: 84% of Americans agree they should insure their cars 80% think it’s crucial to have homeowners insurance 48% think it’s important to be insured for disability. Stupid, stupid, [...]
Identity Theft and Health Care
Identity theft is a major problem in the US… we all know that. But what few of us know is that it isn’t just a problem with credit cards. People use your Social Security number or maybe your medical plan ID card — which they’ve stolen along with your identity - and go to the [...]
What Do Your Employees Like Best About Your Firm?
Why do your employees work for you, and what do they like the most? Met Life (you know, “for the ‘if’ in Life”) just released a survey. Kind of interesting. They ask, every quarter, how loyal employees are to their employers and vice versa. Not surprisingly, employee loyalty has increased in the last quarter. About [...]