Having an employee handbook is an essential part of any employee retention strategy. You may be thinking that there is little time in your day to be worried about writing a handbook, but there are many ways that doing so can save you, both financially and legally. Here are some of the most important reasons your small business needs to have an Employee Handbook.
Employee retention is often a mystery to human resource managers. What motivates one person may have little effect on another. To complicate matters further, recruiting top talent proves to be a challenge in and of itself. Human resource departments all over the world are asking themselves the same question: how can we recruit and retain excellent employees? A new study by consulting giant McKinsey & Company reveals that big data analytics can help managers determine unique characteristics about their workforce, steering employee retention and recruiting efforts in a more efficient direction.
Employee retention rates are a common concern for many businesses, whether they are large or small. But for small businesses, employee retention is imperative because there may only be one person in each role. If an employee jumps ship, who will pick up the slack while the position is vacant? While concerns about employee retention can sometimes end up on the back burner in the midst of the day-to-day hustle, it is an important part of business operations. Luckily, there are simple ways to keep workers happy (even when the budget seems stretched to the max). One of the things that has been proven to improve employee satisfaction is tax-free fringe benefits.
As the third full year of the Marketplace created by the Affordable Care Act (ACA) nears an end, individual health insurance companies and doctors alike are taking a closer look at how their businesses have been affected. While many doctors remain, the effect of narrow networks is becoming a larger question in the minds of enrollees.
As 2016 passes the halfway point and the end of summer is near, individual health insurance companies are working to set rates for 2017 marketplace plans. The Affordable Care Act (ACA) has seen much scrutiny lately, especially with the announcement that United Healthcare would pull out of most states at the end of this year, citing massive financial losses. Because most companies are choosing to stick with the ACA, many marketplace shoppers are concerned about 2017 expenses. With early reports suggesting that individual health insurance rates will spike, customers want to know how high their rates will go.
It can be difficult for any business to decipher the ever-changing healthcare laws, especially when it comes to the section on Health Reimbursement Arrangements (HRAs). Small businesses tend to be at a disadvantage in this arena because they are working with less resources, both human and financial. Luckily, reimbursement software can help qualified small employers (QSEs) remain in compliance while saving you time and money.
Over the past few years, health and wellness programs have slowly made their way into employer provided health care. However, they can be difficult to include in small business health benefits due to their cost. A survey by Welltok, Inc and the National Business Group on Health examines the effect of wellness programs on employees, as well as overall satisfaction among users. While the results are mostly favorable, it does seem that there is room for improvement.
With the fourth open enrollment season for the Affordable Care Act (ACA) coming up, marketplace insurers are doing their best to estimate health insurance costs for 2017. While some projections were more accurate than others, most insurance companies have experienced losses on a large scale since entering the marketplace, leading to discussions of how to raise revenue.
It seems like every week, a new article is published telling you why you should care about employee retention. If you run a small business with an even smaller Human Resources Department, when would you have the time to create an employee retention program? There is good news for entrepreneurs with growing businesses: it doesn’t have to be rocket science. Here are some simple things you can do to provide a meaningful experience for your employees -- and why you can’t afford not to think about your employee retention strategy.
With 2016 being only the third year that individual health insurance providers can offer plans on the Health Exchange Market through the Affordable Care Act (ACA), some of the kinks are still being worked out. As with any new program, there have been some bumps in the road and frustrating turns of events -- such as higher-than-anticipated costs and a lower-than-expected number of healthy applicants. Even still, it appears that most patients are mostly satisfied with the program -- even if there are a few issues that need to be ironed out.
Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. Zane Benefits, Inc. does not sell health insurance.