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With the current unemployment rate ranging from 8% to12%, and employers cutting costs as much as possible, part-time employment is being explored by individuals and companies alike. More employers are looking at new and different business designs. Although benefits are becoming more important to employees, employers are underestimating their importance. Benefits foster loyalty Surveys show [...]
Laying off personnel, reducing salary increases, eliminating 401(k) matches and other benefits cuts seem to be the norm. These takeaways have a direct impact on your workforce. Morale may be low, and employees may look for other job opportunities, especially as the economy starts to recover. One solution is to consider offering low- or no-cost [...]
Selecting a new benefits broker can be a daunting task. Benefits rank up near the top of employers’ expenses, so working with the right broker never has been more important. There are four main considerations that should be at the top of your list when you are evaluating a new broker. No. 1: Service You [...]