We all know that Millennials (Middle-class members of the workforce who completed high school and college in the first ten years of 2000s) can be a contradictory group to manage – from social media use in the office to expectations around office ‘face-time’, millennials can switch from having ‘high-touch’ employment expectations to wanting a ‘low-touch’ workplace experience.
How can Boomer managers reconcile Millennial expectations into a smooth management philosophy?
It’s open enrollment season again, and you know what that means: The HR department is frazzled, your managers are hunting down wayward employees in the hallway, admins are bracing for a paperwork blizzard, and nobody can really explain what’s supposed to be going on.
With the proper preparation, open enrollment can leave your employees feeling better served by your HR department, and HR can act strategically to create new benefits opportunities for the employees that need them most. Moving from a traditional paper brochure open enrollment to a technology-centric benefits enrollment period can make all the difference.
The underutilized benefit the IRS doesn’t want you to know about!
With the rising cost of health insurance and increasing out-of-pocket expenses, there are additional expenses being put on both employees and employers due to the ACA. Employers are challenged, chief among these balancing the value of health benefits and optional coverage provided to employees, versus the costs and reporting burdens put on employers and employees.
“In most markets, the best employees have already been hired.”
Is this how you begin to feel, any time you need to fill a vacancy at your organization?
When it is time to hire, you can often run into a double problem: not only is it hard to find qualified employees, it is a challenge to decide what set of employee qualifications will help your organization grow and succeed.
With a fully integrated employee data system, hiring managers are going to have even more tools to manage both of these problems.
Heidi Whitmore and Jon Gabel, NORC at the University of Chicago June 2016
A majority of Californians rely on their employers for health insurance, but many with workplace-sponsored coverage are faced with reduced benefits and increased costs.
The percentage of employers offering coverage has continued to decline in California, while coverage rates have remained stable. Only 57% of firms reported providing health insurance to employees in 2015, down from 69% in 2000. Twenty-seven percent of California firms reported that they reduced benefits or increased cost sharing, and 41% of firms reported that they were very or somewhat likely to increase employees’ premium contribution in the next year. This trend will have major implications for household budgets.
California Employer Health Benefits: Workers Pay the Price presents data compiled from the 2015 California Employer Health Benefits Survey. Other key findings include:
• The percentage of firms with many low-wage workers (those earning $23,000 or less) offering health coverage to employees more than doubled between 2014 and 2015, from 18% to 42%.
• Health insurance premiums for family coverage grew by 4.5%, a slower growth rate than in recent years. Family coverage premiums have seen a cumulative 216% increase since 2002, compared to a 37% increase in overall prices.
• The average monthly health insurance premium, including the employer contribution, was $573 for single coverage and $1,554 for family coverage in California, and was significantly higher than the national average.
• 4 in 10 workers in small firms faced an annual deductible of at least $1,000 for single coverage, compared to 1 in 10 workers in larger firms.
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