It’s been a turbulent year for employee benefits; the ACA became a reality, the military proposed a 401K-like plan for service members, wellness programs had their day in court and all around the trends in employee benefits started changing on us again!
Here at The Olson Group, we love informing our readers about the latest comings and goings in the world of employee benefits, especially when there’s so much to discuss.
In case you missed it or just want a recap, here are our top 5 employee benefits posts of 2015.
10 Facts to Creating the Most Effective Wellness Program
Want to learn about what the best of the best do to keep a healthy workforce? This article has you covered with wellness program facts that range from incentives to snacks to working out on company time.
Here’s one: 60% of employers make healthy food choices available in the workplace.
“Between the last minute deadlines and all-engrossing projects, sometimes it’s hard to eat healthy at work. It’s easy to call and have a sandwich or pizza delivered, so why wouldn’t your team opt for these choices over leaving the office to get a well-rounded meal?”
Read more about creating the most effective wellness program.
5 Advantages of Voluntary Employee Benefit Services
One of the few areas of employee benefits that you don’t hear about much is voluntary employee benefits. This article takes you through the advantages employers can experience with voluntary benefit services like increased employee loyalty.
“It’s important for companies to make their employees feel like they matter to the organization. Voluntary benefits are a great way to give your employees greater choice in what they get out of work, and companies can’t underestimate how important choice is; 65% of employees said it’s important for their employer to offer them voluntary employee benefit services.”
Take a look at the rest of the advantages of voluntary employee benefit services.
What You Need to Know About 1095c/1094c Forms
Healthcare reform became a reality this year with the introduction of the ACA. As with any new system, companies have to be on top of their forms and processes.
This article discusses the complexities of the new 1095c/1094c tax forms including exceptions to the rule (like Unions) and tips straight from the IRS on what metrics to track.
Check yourself with these facts on reporting 1095c/1094c forms.
What’s a Skinny Plan and Should You Offer One?
Skinny plan? What’s that? In short, “These plans are as they sound: minimal coverage to stay legal.” This article tells you all about it, the pros (like low cost), cons (like limited options), and other options you may want to consider such as wellness coverage or consumer engagement tools.
Get the skinny on skinny healthcare plans here.
Employee Benefits for Small Business: Why Bother?
Ever wondered how small businesses can afford to offer employee benefits or if most of them do at all? This handy article discusses the advantages of offering employee benefits (like to recruit the best candidates!) and why it doesn’t have to cost small businesses an arm and a leg.
“Just because you decide to offer benefits, doesn’t mean it has to be expensive. A good rule of thumb is about 1.2-1.4 times an employee’s base salary. So the cost of a $40,000 employee would be about $48,000 annually. While that’s not small change, it is far less than the cost of replacing that same employee, which hovers at around 20% of her base salary, along with all the training and onboarding you invested.”
Read more about why small businesses should offer employee benefits.
It’s been a fantastic year and here at The Olson Group, we can’t wait to keep bringing you the latest and most compelling articles about employee benefits. Thanks for reading and we’ll see you next year!