Healthcare

As many traditional benefits including gym memberships and commuter stipends are no longer available to employees, companies need to change their benefit offerings as well.

The Department of Labor issued a new rule that allows companies to distribute retirement benefit information electronically.

The lack of seamless plan-to-plan asset portability prevents participants from easily moving and consolidating their 401(k) savings, leaving them open to the temptation to prematurely cash out their 401(k) accounts from prior employers’ plans.

“Helping bring broader benefits to more employees is particularly important during these challenging times,” says Neil Vaswani, CEO of Corestream.

“The mindset has shifted in terms of how we need to be able to lead and support a virtual workforce,” says Edward Jones CHRO Kristin Johnson.

It’s essential that companies take actions that protect their employees, yet they are getting little federal guidance in what exactly that means.

The impact of COVID-19 on the workforce and business has only reinforced the importance of leave policies and the value of protection offered through disability insurance.

Finding ways to work with and embrace different communication styles can help make certain everyone feels like they have a voice at the table.

Those who are bereaved need comfort from each other and extra effort needs to be made to reach out and encourage employees to take advantage of their EAPs.

The coronavirus has highlighted the importance of child care benefits.