Citing a projected rise in health insurance costs following enactment of the health care reform law, 3M has announced it will soon drop retirees from its own health coverage and instead pay them to sign onto Medicare-backed insurance.
Employee Benefits Program
A strong employee benefits program – including low-cost employee incentives, employee recognition programs, and employee appreciation programs – can help you improve morale and retention.
We provide employee appreciation day ideas, help you with employee retention strategies and employee benefits management
Drivers who work for Fort Smith, Ark.-based ABF got personal thank-you notes from the CEO during National Truck Driver Appreciation Week in September. “Each of ABF’s employees contributes to the success of our company by working together as a team, and it doesn’t go unnoticed,” says CEO Wes Kemp.
Some little-noticed changes in the massive new health care legislation may affect flexible spending accounts in 2011. Strategy: Fine-tune your annual allocation to a health care FSA. Your decision during the open enrollment period should reflect new restrictions on qualified expenses. The same basic changes apply to Health Savings Accounts.
Workers who participate in employer-sponsored benefits plans are more optimistic about the direction of the U.S. economy in general, but remain extremely concerned about their own situations, according to a new survey by the benefits consulting firm Mercer. Their anxiety shows in greater worry about keeping their jobs and the adequacy of their retirement benefits.
While employee handbooks are not required by law, they can prove essential — especially for small business owners that can't afford to lose a harassment or discrimination lawsuit. The employee handbook has become an essential tool in the employer’s arsenal to defend against liability for employment decisions.