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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

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Employers are preparing for a spike in employee health costs now that health care reform has become law. In a Towers Watson survey, 94% of employers said they believe health care reform will raise their organizations’ costs. A study by Mercer found similar pessimism.
For business owners, the reality show “Undercover Boss” has become must-see TV. It features CEOs working undercover at the lowest levels in their own companies. It has, no doubt, encouraged other business owners to look at their operations more clearly through employees’ and customers’ eyes.

At the Pepsi Bottling Co. in Somers, N.Y., even the employees’ money is a health concern. Since the organization introduced a “financial wellness program” in 2008, more than 20,000 of its 33,000 U.S. employees have participated.

In the past, it took two steps to transfer funds from a 401(k) plan to a Roth IRA, thereby effecting a Roth conversion contribution. The plan participant had to use a traditional IRA as a go-between. And certain high-income taxpayers couldn’t complete the deal in any event. But the rules have changed for the better.

Looking to build a culture that appeals to baby boomers, Gen X, Gen Y and young “Millennials”? Think it’s time to ramp up benefits that serve the needs of executives, production workers, full-timers and part-timers alike? Want yours to be known as a cool place to work? Choose from these six strategies uncovered by the Best Companies Group and Outside magazine in the process of compiling Outside’s 2010 “Best Places to Work” list.

For too many employers, “benefits education” consists of dropping an annual benefits statement in front of the workers and saying, “See you next year.” However, a new Hewitt Associates survey says U.S. workers’ biggest complaint about their employee benefits isn’t cost or access—it’s that employees don’t understand the benefits they already have. Here are inexpensive ways HR can educate employees year-round:

In each monthly issue, our HR Specialist: Compensation & Benefits newsletter reports on creative employee benefit and compensation programs being offered by U.S. employers. Those are published in the What’s Working column of each issue. Here’s a sampling of recent articles:

Every year, employers face yet another increase in their health insurance premiums. And if there are many older or sick employees, those costs will keep on rising. Even adding one sick child to the list can drive costs into the stratosphere. But before you even consider firing (or refusing to hire) someone because they might jack up insurance costs, count your dollars, not your pennies. You might be staring down a lawsuit that could dwarf whatever premium costs you hoped to avoid.

Independent contractors aren’t eligible for unemployment compensation, and their clients don’t have to pay into the unemployment compensation trust fund, as the following case shows.
Q. I know a number of states already have laws that require employers to provide unpaid breaks to nursing mothers to express breast milk. Are there any federal laws providing for similar requirements?
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