Employee benefits

Email, instant messaging, laptops, digital teleconferencing and flexible schedules have dramatically changed the way people live and work, as well as how their personal and professional lives intersect. But a recent national poll of 570 working Americans concludes that, despite breathtaking advances in technology and greater workplace flexibility, work-life balance is still very much a work in progress.

Over the last 20 years, the percentages of households that will not be ready for retirement at age 65 has nearly doubled to 50%, according to recent data from the National Retirement Risk Index.

Private and public health care exchanges can bring tremendous value to the marketplace if they follow certain examples, said a speaker at the NAHU annual convention in Las Vegas Monday.

Former Secretary of State Condoleezza Rice brought the crowd to its feet in a standing ovation at the opening keynote session of this year’s Society for Human Resource Management conference being held in Atlanta this week.

While the nation’s attention remains focused on legal and political fights over health care reform, including an imminent ruling on the matter by the Supreme Court, a consumer advocacy organization notes that an invisible tragedy continues to play out nationwide for uninsured families who struggle to get the health care they need. A report released last week by Families USA reveals that more than 26,000 Americans between the ages of 25 and 64 died prematurely in 2010 because they did not have health coverage.

There is a lot riding on the Supreme Court’s health reform decision for all stakeholders. Brokers and consultants need to be prepared to advise their clients, says EBA Advisory Board member Mark Gaunya, who highlights what you should be thinking about while we wait for the decision.

As if the Patient Protection and Affordable Care Act didn’t give employers enough to worry about, a PPACA-related regulatory headache may be taking hold for small firms.

Investors could be excused for avoiding health insurance and hospital stocks as a U.S. Supreme Court decision nears on President Barack Obama's health care overhaul law — an outcome that could send the companies' shares down 10% or more.

The first day of summer presents a good opportunity to reflect on whether employees are taking enough vacation time and, as such, recharging their batteries to a point where they are on track for becoming healthier, happier and more productive. It’s also worth revisiting a familiar U.S. public-policy debate on the link between paid time off and worker engagement, productivity and performance relative to other nations, especially during austere times when stress is heightened.

Companies that measure corporate culture have more engaged and committed employees, according to the results of a study from Critical Metrics, LLC. The findings also revealed that although most employees and senior leaders think that measuring corporate culture is important, few companies measure it, and even fewer do it well.

While the vast majority of companies involved in mergers and acquisitions use retention agreements to retain key talent, a new survey by global professional services company Towers Watson shows companies that are more successful at retention begin the process early — identifying people and tactics — and don’t rely solely on money.

In its annual review of employer attitudes toward health plans, J.D. Power and Associates finds that although fewer than 15% will drop health coverage altogether, close to half of companies are likely to shift health benefits to a private exchange model.

Republican Mitt Romney last week laid out his vision for a "consumer market" health care approach to replace President Barack Obama's sweeping reform law, whether or not the U.S. Supreme Court overturns the legislation this month.

In its annual review of employer attitudes toward health plans, J.D. Power and Associates finds that although fewer than 15% will drop health coverage altogether, close to half of companies are likely to shift health benefits to a private exchange model.

The lines of demarcation between work and life beyond office walls may have largely disappeared in many organizations, but that’s not to say employees are always accessible when they’re out of the office. With summer officially kicking off on Wednesday, there could be mounting anxiety about reaching vacationing coworkers.

Although employers should proactively strive to create and maintain a safe work environment, no amount of preparation is guaranteed to prevent conflicts. In the unfortunate event that a credible threat of violence arises, established protocols and awareness can help address the issues promptly in an effort to protect everyone's safety. …

Between 2003 and 2006, Standard Textile - a company that manufactures textiles and apparel for a variety of industries, including health care and hospitality - watched its benefits costs per employee jump by 60%. That got the attention of the CEO, and the company embarked on a more aggressive health and wellness journey.

The preliminary results of a pilot project involving a large, self-funded employer and a new mobile application, myDrugCosts, show that 42% of employees who used the voluntary benefit reported saving money on their prescription drug costs.

Building a culture of health at any organization can be challenging, but doing so reaps valuable rewards in curbing health care costs and engaging employees in making healthy decisions. In a recent webinar series sponsored by the International Foundation of Employee Benefit Plans, the health director from Dow Chemical and the compensation and benefits manager at Pinellas County, Fla., shared the building blocks for creating a culture of health - and how employers in both the public and private sector can find the reasons and resources needed to make such an effort successful.

Zone had grown weedy. As the corporate intranet for Quintiles - a biopharmaceutical services company headquartered in North Carolina - QZone had remained virtually unchanged for eight years. It was a fairly traditional intranet containing corporate news, links to various applications and calendars, along with benefits information. But it had stopped growing and evolving with the rest of the company's digital strategy. It was time for a change.