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Friday, November 06, 2009
As the economy crumbled around our collective feet, the proper design of a compensation program may not have seemed like a priority. But with more candidates than jobs available and the U.S. unemployment rate seemingly determined to break into double digits, you may be surprised to learn that compensation programs continue to play a vital role in the success of many businesses.
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Friday, October 30, 2009
Dental plans should be based on three things: research, market demand, and cost, according to Dr. Alan Vogel, national dental director for MetLife. By considering all three, he says, the typical dental plan could save money and provide a better product for patients.
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Friday, October 23, 2009
An online benefits-enrollment system and information on a corporate intranet are not sufficient to engage employees and improve adoption rates in the age of social media. Companies need to get their benefits information to the decision maker, which isn’t always the employee, and make sure the information is easy to use and engaging. A company-developed and controlled website provides the best opportunity for accomplishing these ends.
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Friday, October 16, 2009
Employers conducting layoffs may seek the least expensive ways to separate employees from the organization; after all, saving money is the whole purpose, right? But recent research says that spending some money to do it right may pay off way more than it costs.
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Friday, October 09, 2009
A $200 million lawsuit filed by three former employees of Northwestern Mutual Life Insurance Company, who claim their employment status was misclassified will, at a minimum, cost the company considerable money to defend. If Northwestern loses the lawsuit, it will cost considerably more. If you are considering reclassifying employees as exempt employees or as independent contractors, remember: While your company is reacting to economic hard times, your employees are doing the same.
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Friday, October 02, 2009
The end of 2009 brings with it an increased likelihood of legislation requiring better disclosure of fees paid in 401(k) and 403(b) plans. The legislation will require pension-investment providers and service providers to disclose fees, broken down by category, on quarterly 401(k) participant statements. How big is the problem of hidden fees?
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Friday, September 25, 2009
Worried that the Paul Wellstone and Pete Domenici Mental Health Parity Law, effective on October 3, 2009, will increase the cost of your health care? If so, you may be searching for something—short of dropping coverage for mental health and substance abuse—that can help. The twofold answer may be right in front of you: your employee assistance plan (EAP) and managed care techniques.
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