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Month: July 2024

Outsourcing benefits administration can offer several advantages for organizations:   Expertise: Benefit administration companies specialize in managing employee benefits. They have the expertise and resources to handle complex tasks efficiently, such as compliance with ever-changing regulations, navigating insurance requirements, and managing employee inquiries. Cost savings: Outsourcing benefits administration can often be more cost-effective than handling...

Outsourcing benefits administration can streamline operations, reduce costs, and improve employee satisfaction. Here’s a guide to help you understand how to effectively outsource benefits administration:   Section 1: Introduction   Definition of Benefits Administration Benefits administration encompasses the management of employee benefits programs, including health insurance, retirement plans, and other perks. Efficient administration is crucial...

By SHRM Daily Newsletter   Employee referral programs are typically an effective and convenient method of recruitment for employers. The process is a cost-effective measure that can be used to tap into a large, qualified talent pool and can yield higher employee satisfaction and retention rates. Candidates obtained through an employee referral program are usually...

How often should performance evaluation be conducted? There are different opinions on that, okay? I believe that it should be ongoing. I believe there should be some type of formal review once a year. So that you can just sit down and discuss in general the performance. What the company is doing for the individual...

Dealing with social events as an employer, an employer-sponsored social event, you know, having a holiday party, you, while you want everybody to have a great time and promote, you know, everybody wants to go out and have a few drinks. You really, as the employer, you could be held liable if that employee ends...

Benefits administration plays a crucial role in the success of any business. By efficiently managing employee benefits, companies can improve workforce satisfaction, ensure compliance, and enhance overall operational efficiency. This article explores how benefits administration can significantly impact your business in various positive ways.   Enhancing Employee Satisfaction and Retention   Employee satisfaction is a...

By Roy Maurer   While the U.S. Federal Trade Commission’s (FTC’s) new rule banning noncompete agreements faces legal challenges, workplace experts say employers should prepare for the rule by reviewing existing agreements, exploring alternatives and focusing on retention efforts, which have taken on added importance.   The FTC voted April 23 to prohibit most new noncompete...

Should a small business have a social media policy in their handbook? Absolutely. You need to be careful what you say, what you tell the employees they can and cannot do. But if the employee is representing their employer, absolutely there should be repercussions. If the employee says derogatory things about the employer there should...

Okay, so having a company-wide health goal, promoting wellness, promoting a healthy environment, healthy for the employees, different ways to do that would be to offer gym memberships. There are a lot of gyms will work with employers to give huge discounts so the employer can get that membership for the employee and promote wellness.

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