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Guess what? Employee benefits are expensive for both employers and employees. According to data collected through December 2017, it costs employers an average of $11.38 per hour per employee, on benefits. And a 2018 study by the Kaiser Family Foundation found the average worker paid $5,547 a year on health coverage premiums alone. So, as […]
Today’s employers face a unique problem on a scope no employer has seen before. The cost of healthcare has risen steadily over the past decade. The National Business Group on Health has estimated the cost of employee healthcare for an individual will increase to $14,800 in 2019. At the same time, more Americans than ever […]
If someone gave you $1.6 trillion, what would you do with it? Chances are one action you wouldn’t take is to pay off everyone’s student loan debt. But, if you were to come into a spare $1.6 trillion, you could do precisely that. Because, as of 2019, Americans have accumulated more than $1.6 trillion in […]
What do yoga, lifting weights, and a massage have in common? Each can help you improve your flexibility. But Travis, what does flexibility have to do with employee benefits? Well, it turns out flexibility may be more vital to your business than most people realize. In the past, many employers may have believed flexible work […]
The effectiveness of an employee wellness program is dependent almost entirely on who you ask. If you ask an employer, they may point to an ambiguous ROI as a reason why they dislike employee wellness programs. Ask an employee, and they may tell you a wellness plan is not just essential but is an employer’s […]
In 2012, the Affordable Care Act established the latest act of compliance rules employers need to know and adhere to. These compliance standards added to an already robust set of benefits compliance rules most employers have to follow. Luckily The Olson Group is here to help. In this article, we’ll give you a detailed breakdown […]
“An investment in knowledge pays the best interest.” – Benjamin Franklin Education is a vital if oft-overlooked, portion of any outstanding employee benefits package. Employers may not understand its importance, but education can make a world of difference in the engagement in and effectiveness of, your employee benefits plan. Per BenefitsPro, many large employers report […]
We all know how much havoc stress can wreak on your life. But do you know how much stress can negatively impact your business? Per Mental Health America, stress costs employers $500 billion in lost productivity, annually. Financial stress, in particular, has a significant adverse effect on both your employees and business as a whole. […]
You’re in the hospital with a prolonged illness. Or, you’re at home recuperating from a severe injury. If you’re lucky you might have a short-term disability or emergency savings to help with expenses. But, eventually, you’re going to have to go back to work. Are you prepared to return? Does your employer have a plan […]
Every year millions of Americans use their personal vehicles to travel for business purposes. There are a variety of reasons employees use personal vehicles for business. Whether it’s to make a sales call or pick-up office supplies, these trips are vital to your organization’s operations. Keep reading to learn the new standard mileage rate and everything […]
Every year the benefits industry is inundated with a series of ever-changing numbers your employees must attempt to keep straight. Next year, due to the recent tax overhaul, there are even more numbers for your staff to remember. But, luckily for you, The Olson Group is here to tell you what these numbers are and […]
Most people know women in the U.S. make around 80 cents for every dollar a man earns. So, the gender pay gap for women in this country has long hovered around 20 percent. But recent research from the Institute of Women’s Policy Research (IWPR) suggests this number may be much more significant than we previously […]
Tim Olson, Greg Ritzdorf, Jeff Wallace, and Sandy Petzoldt are registered representatives with Cambridge Investment Research Inc., a Broker/Dealer, Member FINRA/SIPC.
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