According to data from a report recently released by the Centers for Medicare & Medicaid Services (CMS) on National Health Expenditures, the spending growth has remained stable between 3.9 and 4.2 percent for four consecutive years, 2009 - 2012. Furthermore, health spending is projected to continue to grow modestly at 3.8 percent in 2013.
The CheckPoint HR Blog
Topics: health care costs, human resource management system, benefits administration, healthcare costs, Health Insurance Plans for Mid-Sized Businesses, CheckPoint Choice, National Health Expenditures, Centers for Medicare & Medicaid Services, Healthcare Financial Management Association
During the month of October we celebrate National Work & Family Month (NWFM), which was established in 2003 by WorldatWork’s Alliance for Work-Life Progress. The purpose of NWFM is to encourage workplaces to reflect on the progress made on the journey to work-life effectiveness, celebrate and then raise the bar, moving on to even more pervasive progress. Additionally, the month of October serves as annual recognition of the importance of employer-sponsored work-life programs in attracting and retaining a talented workforce.
Following Labor Day, this week is National Payroll Week (NPW), which celebrates American employees and employers. National Payroll Week was created in 1996 by the American Payroll Association to celebrate the partnership between the workers of America, their companies, and the payroll professionals who pay them. Additionally, NPW recognizes importance government programs including Medicare, social security, child support, and fair labor standards.
For better or for worse, technology is changing every aspect of our lives. Recently, many businesses have begun to embrace the practice of automated benefits administration to help simplify their business module. While good employees are vital to your company, managing the paperwork that comes with them can be overwhelming, especially for mid-sized businesses who have many employees but still lack the manpower to review all the different benefits, payroll, and other human resources details. Automated benefits administration helps you streamline the process, delegating much of the work to outside companies or programs.
Topics: benefits administration
A company's human resource department handles a wide variety of tasks. From hiring and firing employees, managing payroll, their job entails a lot. One area that they take care of on a regular basis is employee benefits administration. This one aspect of the HR department alone covers several different things, all of them concerning the different benefits that a company supplies to its employees. In large companies, a sub-department of human resources may handle benefits administration. In smaller ones, a single person or even the business owner will take care of it. Whoever is in charge of benefits administration, using certain programs and tools can help them do it more effectively.
Topics: benefits administration
Organizations looking to improve employee morale in the workplace should be looking to benefits education. Although more than half of U.S. employees feel as though their work is valued by their employers, the percentage of employees who feel this way has decreased over the years. In an effort to change this, employers should focus on a benefits education program that offers a cost-effective solution to increasing engagement amongst employees.