Banco Popular de Puerto Rico

Many organizations have taken significant steps to reduce employment costs, and nearly a third already have or plan to furlough workers, with another 19% saying they might if necessary, according to a survey by Unum.

Instead of choosing a one-size-fits-all plan for a group, employers can offer fixed reimbursements that employees can use to purchase their own insurance or use for medical expenses.

It’s more important than ever to ensure the team is engaged in their piece that rolls up to the overall success of the organization.

Around 63% of workers say their company could do more to support their emotional and mental health during the COVID-19 pandemic. Within this group, 22% said their company’s response was “barely adequate,” “a disaster” or “non-existent.”

In order to maximize the plans fiduciary responsibilities, a contract with appropriate terms and definitions must be in place to allow the plan to exercise their right to carve-out prior authorization.

Leading through this crisis requires empathy for what people are going through now and understanding how living through this crisis will shape people’s expectations around work and non-work lives.

Employers are in a unique position to address employees' financial struggles, as benefits programs are a powerful tool that can help support employees in meeting their current and future financial needs.

When employees feel the pressure to deliver better results in a short amount of time, they are less likely to attempt riskier innovations.

The evolving legalization of marijuana for both medical and recreational uses continues to cause workplace issues for employers.

Employers should start by asking if their benefits are relevant to their workforce.