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Penalties for Benefits Noncompliance

Zenefits

Inflation is not only fueling price increases; it’s also requiring employers to pay more in penalties for not complying with benefits laws under the Employee Retirement and Income Security Act of 1974 (ERISA). History of benefits compliance. Employers have been offering employee benefits since the late 1800s. Retirement.

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Supplemental Benefits Your Employees May Need in 2023

Zenefits

To help fill the gap, you can offer supplemental benefits. Traditionally speaking, supplemental benefits are insurance products that help pay for health-related expenses not covered by major medical insurance. You can offer supplemental benefits through your insurance carrier. Hospital indemnity insurance. Critical care.

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Top Childcare Benefits to Offer Your Employees

Zenefits

So, it’s important to support your working parents , including by offering childcare benefits. Before we explore different types of childcare benefits, let’s examine some issues working parents are concerned about, plus employers’ response in the wake of COVID-19. Top 5 childcare benefits to offer your employees.

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What You Need to Know About Providing Healthcare Benefits in 2022

Zenefits

When it comes to benefits, healthcare is at frequently the top of the list. Forty percent of employees surveyed chose healthcare benefits over competitive salaries, retirement plans, or bonuses. In a competitive job market, health benefits are more important than ever. Consider expanding health benefits options.

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What Is a Good Retention Rate and How Do You Achieve and Maintain It?

15Five

A business of any size can benefit from measuring employee retention. For example, retail, hospitality, and travel industries typically see a lower retention rate as they have a higher employee turnover rate. The goal of onboarding is to set employees up for success and ensure they go from outsiders to insiders in the organization.

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What Not to Wear: Is Your Employee Dress Code Stuck in the Past?

Zenefits

Still, there are specific workplaces that heavily rely on dress codes even today, such as hospitals, stores, and certain factories. Hospitals, for example, need a dress code. If you are looking for benefits to offer your team, genuine trust and support of your team members is a must. Simplify benefits administration.

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Projected Healthcare Costs for 2023

Zenefits

Health benefit costs rose 6.3% Simplify benefits administration. Improve our virtual onboarding experience. Simplify benefits administration. Improve our virtual onboarding experience. What’s more, hospitals and commercial insurance companies are beginning to work more and more in a consolidated manner.