Compensation
Compensation
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Despite national economic and employment uncertainty, many American workers who identify themselves as top performers are thinking about changing jobs. In line with research showing the recent uptick of voluntary turnover in the workplace, the 2012 Aflac WorkForces Report revealed nearly half of U.S. workers (49%) are at least somewhat likely to look for a job this year. More troubling for employers, a majority of those who say they are extremely or very likely to leave their jobs describe themselves as the kind of workers companies need to retain to remain competitive in a tight economy.
June 7 -
Almost half (49%) of U.S. workers are at least somewhat likely to look for a job this year, but there is undeniable evidence linking benefits offerings and employee loyalty, according to the 2012 Aflac WorkForces report.
June 7 -
The growing trend among employers to enforce company-wide social media policies has sparked the birth of the Password Protection Act of 2012. The new legislation prevents companies from requiring employees to provide access to their personal social networking accounts. While many companies may create a social media policy to protect their corporate reputation, a new Workplace Options and Public Policy Polling survey of American workers shows that companies who scrutinize their employees' personal accounts and social media activity may be doing more harm than good.
June 6 -
As attention to the importance of creating retirement income grows, a new MetLife study finds that plan sponsors of the largest workplace retirement plans and their recordkeepers have taken the first steps to help participants secure retirement income but a lot more work needs to be done to pave the way for participants to begin to take action.
June 6 -
Behavioral health, including depression and stress, is an increasing area of concern to employers, according to the Disability Management Employer Coalition 2012 Behavioral Risk Survey of small, mid-sized and large companies. The concerns and costs including direct medical expenses, lost productivity, workers' compensation and disability payments are made more challenging due to the uncertain future of the Patient Protection and Affordable Care Act.
June 6 -
After years of declining employee engagement levels around the world, a new analysis released this week by Aon Hewitt showed a positive global shift in employee engagement-or emotional and intellectual involvement in the workplace.
June 5 -
Several insurers were recognized with awards for their use of 'plain language by the Center for Plain Language, a nonprofit organization that wants government and business documents to be clear and understandable.
June 4 -
Benefits are typically structured to reward and motivate employees who stay at the company for the long haul. For example, retirement rewards and paid time off usually get sweeter as time goes on. Dangling a long-term benefits carrot makes sense for driving retention right? Perhaps not when it comes to Gen Y workers. As companies focus on attracting and keeping a pipeline of Gen Y employees, I maintain that, when it comes to benefits,
June 4 -
When it comes to voluntary auto and home insurance, brokers can't be afraid of the unknown, says Liberty Mutual's Mark Parabicoli.
June 1 -
In Greek mythology, Sisyphus was a king condemned by the gods in the afterlife to pushing a huge boulder to the top of a steep hill, only to have it slip from his grasp each time and roll back to the bottom, a frustrating and unproductive task to be repeated over and over.
June 1 -
Health reform is in such a chaotic state and will continue to be so even after the Supreme Court ruling on the constitutionality of PPACA - and the November election. This is where scenario planning can help. At the April conference for the Institute for HealthCare Consumerism, I listened to a panel on alternative planning scenarios in regard to health reform using scenario planning. Let's see how it works.
June 1 -
It is nearly impossible for an adviser to effectively help an employer manage their DC plan without doing what it takes to make them a functional fiduciary. Realizing that many advisers, or those that were traditionally called brokers, could not become named fiduciaries, others that could do so used it as a weapon in head-to-head competition.
June 1 -
Despite recent tax reform proposals, experts testified at a House committee hearing April 26 that cutting incentives for retirement plans would be detrimental to savings.
June 1 -
With employers seeking to show the value of all their benefits in this ever-increasing competitive job market, Benefitfocus, a benefits technology company, recently debuted an online marketplace for employees to shop for benefits, voluntary products and more.
June 1 -
With health care reform's medical loss ratio rebate reporting starting this month, there is still much uncertainty among employers about how the rebates will work, leading to an opportunity for brokers to fill that all-important trusted adviser role.
June 1 -
Anyone doubting the sustainability and projected growth of mobile technology should take heed of these statistics from technology and communication leaders Qualcomm Life and Virgin HealthMiles.
June 1 -
A few weeks ago, my husband and I met with a financial planner for the first time. Setting up the appointment was my idea - I suppose three and a half years of constant exposure to press releases entailing Americans' alarming lack of retirement preparedness will do that to a person.
June 1 -
Even as the Middle East has become a major business and tourist hub, U.S. companies that send executives to the area or hire local workers still express dissatisfaction with the insurance markets.
June 1 -
Since its inception in 1994, Citizens Financial Group's sabbatical program has generated more than 48,000 volunteer hours and saved nonprofit organizations more than $1 million. But the benefits of the program go beyond just doing good in the community. The program also acts as a powerful retention and engagement tool.
June 1 -
Over the course of her 28-year career, Dr. Beverly Bell, medical director of the oncology program at inVentiv Medical Management, has watched children's cancer go from a disease with a 40% to 50% survival rate to one with an 80% to 90% survival rate. She calls acute lymphoblastic leukemia - a type of blood cell cancer and one of the most common types of childhood cancer - the success story of pediatric oncology.
June 1