It isn’t enough for workers to know that they’re getting paid consistently and receiving employee benefits; they also want direct access to this information so that they can make the appropriate changes when, or if, they need to.
One thing that companies aren’t supplying their employees with as much of are bonuses for a job well done – at least not as much as they have in the past, based on a newly released survey from Towers Watson.
For employers who offer health insurance to their workers, health care benefit expenses are projected to increase by 6 percent next year, NBGH reported, based on a survey of 425 large employers.
Most of the mandates for the Affordable Care Act are now in effect. The ACA was passed in 2010, but it wasn’t until last year that the requirements kicked in. Still, there are several others that are scheduled for next year.
Not every business falls under the ACA mandate. For small businesses, for example – those who employ 50 employees or fewer – they are immune from the health insurance requirement, thereby avoiding the minimum fine of $100 per day for every worker who’s not extended health insurance benefits. Apparently, however, that’s not always the case
With colleges and universities dismissing for the final time during the 2014-15 school season, a fair share of these students will be shedding their undergraduate title and entering the workforce. The market’s infusion of new talent makes it an ideal time for hiring, which based on polling data is something that business owners – large and small – expect to do.
Everyone appreciates the comfort of knowing that they have the financial resources they need to take care of their health and well-being, both for themselves and their family. But the same kind of assuredness isn’t found with something else that most everyone hopes for: retirement. Employers may be able to help, though.
One of the ways in which employers are aiming to help their workers achieve their fitness goals – as well as increase their company’s productivity – is through workplace wellness benefits programs.
When it comes to consumers’ understanding of the ACA’s requirements over and above the coverage mandate, Americans still have a lot to learn.
With it being hard enough to find the same view of what the weather is like at any given time, unanimous agreement in everyday life is rare. Business owners are fully aware of this, as entrepreneurship is all about compromise.
