7 steps to increase the use of voluntary benefits — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

A tough economy means tough decisions for HR: Which benefits do we offer and which should we stop? At the same time, we all know that an organization’s benefits play an enormous role in attracting and retaining valuable employees.

So we seek a happy medium: We transfer some benefits costs—and the decision-making about them—to employees. That saves our organizations money, and it also frees up time for HR to spend on value-added activities such as staffing, organizational development, performance management and recruiting—rather than on benefits administration.

It is possible for an organization to keep or even add employee benefits while tightening its belt and saying no to labor-intensive new products. How?

Offer more voluntary benefits, which require little to no administration by HR and are paid for entirely by employees who choose to accept them. By working closely with your insurance carriers, you can identif...(register to read more)

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