Are You In Compliance With California's Health Insurance Regulations? Answer These Simple Questions To Find Out
Compliance with California's health insurance law isn't tricky, but it is nuanced, and failure to follow the rules could cost you a lot of money. There are no criminal penalties for failing to offer health insurance. However, regulators can assess a fine against your company if you fail to provide health insurance or provide a sub-standard plan.
Employee benefits are a given in any professional workplace. Your staff expects your company to offer the usual medical and dental benefits, and they may also hope you provide other benefits, such as sick time and holiday time.
Your employee benefits plan is more than benefits to help your employees. They are are also recruiting tools, retention tools, and a significant bridge between all levels or your company.
For this reason alone, you shouldn't take your benefits package lightly. It can mean the difference between an engaged, stable workforce, or a workforce that has to be re-staffed continuously or plagued with morale problems.
How To Build An Employee Benefits Plan That Will Keep Your Employees Engaged And Help Your Company Retain Top Talent
You are in a constant battle for your employees every day. Notice the sentence said 'for' and not 'with' your employees. Your employees are valuable, you hired them after all, and your competition will see their value precisely as you did. They would love to have your best people on their payroll.
Don't View Health Insurance As A Burden: Research Shows It Benefits Company Culture And Employee Engagement
Company culture is made, not born. It doesn't come about organically, in the beginning, you make it within the framework of your business's mission statement and core value.
If you want to create a company culture that is powerful and effective, you need to get your employees engaged with your company. One of the first steps to do that is to create an efficient benefits package.
Millennials are the most significant demographic in today’s workforce. Chance are millennials make up the majority of your job applicants and/or your current staff. With the rise of millennials in the workforce, companies are struggling to hire the right people for the right jobs. With a tight employment market, companies are having to research and experiment to provide the right combination of employee benefits to attract quality candidates.
Why Shopping Multiple Commercial Insurance Brokers Isn’t The Best Solution To Combat Rising Insurance Costs
Here’s a shopping tip that may seem counter-intuitive; sometimes engaging multiple brokers at one time isn’t the most effective way to save money. Less is definitely more when it comes to obtaining accurate quotes for commercial insurance.