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Category: Group Benefits

How to Effectively Communicate Your Group Benefits Plan

Employers offer group benefits to attract talent, retain employees, motivate workers, and increase productivity. Group benefits play an essential role in your employees' overall compensation. Companies can invest a great deal of time and money in planning and executing a benefits strategy every year. These efforts can be wasted if employees do not know what group benefits are offered. It is important to understand how...

How to Reward Employees for Overtime Work

Time is valuable, and most employees expect to be compensated for working overtime. Exempt from overtime pay, Salaried employees may want their employers to provide perks for their hard work and long hours. The following are some creative ways to reward your employees for overtime work without breaking the bank. Give Them Some Time Off Employees need a breather to relax and recharge after long,...

3 Things to Consider When Purchasing Buy/Sell Protection Insurance

You have likely spent years of your life building your business. It would be best to protect your business with several types of insurance, but many business owners choose to put a buy/sell plan to protect against the unexpected. These plans are a binding agreement between business owners that lays out what will occur if an owner or partner should suddenly pass away. Without a...

How to Brighten Your Employee Benefits This Summer

Summer is on its way, and your employees are looking forward to sunny days, vacation time, and all that warm weather offers. In a competitive job market, your employee benefits are more important than ever – and so are those special perks. Happy employees are loyal employees. Offering fun summer rewards can help keep your team cheerful, productive, and engaged. Fun Summer Fridays Show your...

4 Types of FSAs & How They Work

An FSA, or “Flexible Spending Account,” can be an excellent benefit to offer your employees, and to your business bottom line, as the contributions are pre-tax. Several types of FSAs are available: Medical Expense FSA These accounts pay for eligible medical costs, prescription drugs, copayments, deductibles, medical devices, and other costs. Another option, a “limited medical FSA,” can cover the cost of preventative healthcare services,...