To ensure a successful open enrollment, employers and employees alike must prepare. Employers must update materials and properly communicate benefit offerings to their employee populations. Employees should be familiar with their health needs in order to properly enroll in the most appropriate benefits. Employer preparation Effective communication helps inform employees …
Employees want more caregiving support
The Rosalynn Carter Institute for Caregivers found that one in five employees, most of whom work full-time, is also an unpaid caregiver. Caring for a loved one can greatly impact an employee’s health and wellness, regardless of condition or age. Arizent research found that caregiving employees lacking overall support experienced …
Employers and the Mental Health Crisis
Approximately 1 in 5 Americans experience mental illness, which can affect their personal and professional lives. Employees suffering from an untreated mental illness can lead to absenteeism, decreased productivity, and an increase in medical and disability expenses. From these losses, employers stand to lose around $300 billion annually. Fortunately, common …
Healthcare Needs of Different Generations
There are 4 main generations in the 2022 workforce, consisting of Gen Z (around 5%), Millennials (around 35%), Gen X (around 33%), and the Baby Boomers (around 25%). Each of these age groups has their own healthcare wants and needs. Employers should be aware of their employee population and their …
Women in the Workplace: Breaking Biases
March 8 marked International Women’s Day, and this year’s IWD theme, #BreakTheBias, highlights the need to remove stereotypes against women in the workplace. Gender diversity improves the workplace for all—a McKinsey study found that for every 10% increase in gender diversity, company earnings before taxes and interest rose by 3.5%. …
Employee Benefits in State of the Union Address
President Biden gave the State of the Union (SOTU) address on March 1, 2022. In his speech, he covered international affairs and domestic matters affecting the workplace. Drug Costs Insulin currently costs hundreds of dollars per month with Biden proposing a $35 per month cap on insulin prices. Similarly, it …
OSHA’s Emergency Temporary Standard
The Occupational Safety and Health Administration (OSHA) released a federal emergency temporary standard (ETS) on November 4, 2021. The ETS establishes certain requirements for large employers, those with 100 or more employees, in order to protect unvaccinated workers. Large employers are required to comply with most ETS provisions by December …