What responsibility does an organization have for the health of their employees? The answer is unique to individual companies, but those who take on a greater role in encouraging an active and fit lifestyle through wellness may see better performance and lower insurance costs.
By 2024, baby boomers (born between 1946 and 1964) will reach ages 60 to 78, many of whom will continue working even after they qualify for Social Security retirement benefits (and Medicare). As compared to 2014 labor force data, BLS projects that the number of older workers (aged 65 and older) will increase by 10.9%, compared to a projected 5% increase in the entire US labor force.
The Family and Medical Leave Act (FMLA) has been around since 1995. On February 6, 2013, the United States Department of Labor (DOL) published final regulations that expanded the protections under the FMLA. Although many employers understand the job protection aspect of FMLA, protecting and maintaining employee welfare benefits during FMLA leave can be just as, if not more, challenging.
There’s a reason Marie Kondo’s Netflix Series, Tidying Up, is the first bingeable sensation of 2019. It’s fun to watch other people wade through years of collected items, but there’s also an underlying current of shared understanding—that feeling of being so overwhelmed that you simply don’t know where to begin. If you’ve ever felt that way about your employee benefits communications, you’re not alone!
In this age of technological and scientific breakthroughs, the most revealing medical insights may come from a single drop of blood. Biometric screenings provide employees with a detailed analysis of their current state of health, as well as insights into what the future might hold. By understanding potential issues, blood screenings could help address concerning health complications before they become serious problems.
Corporate transitions like mergers and acquisitions are continuing at a rapid pace. When considering how these transactions and changes will impact employee benefit compliance, time is often limited.
Over the years, more and more data has demonstrated a clear link between an employee’s physical and financial health. Consider the following:
US-based companies expanding abroad are facing a diverse number of challenges right now, including new global economic pressure on state-run systems to shift the burden of health and welfare benefits costs to employers.