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It is absolutely crucial that you get it right when it comes to open enrollment. Failing to do so could result in a significant loss of your valuable workforce. According to a recent study, 39% of respondents stated that health benefits were a major factor in deciding to switch jobs, while 60% of respondents indicated that health and retirement benefits were a reason for staying with their current employer.
To help you get it right this year, we have compiled a list of 5 helpful tips and tricks that will steer you towards a successful open enrollment season. Let's get into it.
It’s no secret that benefit broker’s are quickly becoming the person to lean on when needing help with open enrollment. According to a 2022 report, a staggering 93% of benefit brokers reported seeing moderate to high demand for help with benefits communications materials.
Benefit brokers can play a crucial role in filling the gaps with your open enrollment plan, including ensuring compliance, educating employees, and more. If you’re currently searching for a new benefit broker, click here to fill out a quick form and a Proliant expert will reach out and introduce you to a broker.
The Internal Revenue Service announced the tax year 2023-24 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Here's a rundown of changes to limits and thresholds on some well-known tax provisions for the upcoming tax year.
Although remote work has dipped since the end of the COVID-19 pandemic, hybrid models show a steady increase since 2020. In the fourth quarter of 2022, 53 percent of U.S. workers reported working in a hybrid environment, meaning they work a mix of in-office and remotely.
This has placed added stress on HR departments across the country as they’ve had to adjust their communication plans for open enrollment season. As a new round of open enrollment approaches, it’s more important than ever to have a plan in place for your hybrid/remote workforce.
From hosting virtual trainings to offering one-on-one meetings, take a look at our list of 5 strategies for helping your hybrid/remote employees navigate open enrollment.
Choosing the right health plan can be confusing for many employees. What are my deductibles? Is my medication covered? Is my family covered? These are all valid questions employees need to ask when choosing a plan that best meets their needs.
To assist your employees in making the right decision, pass along this list of questions they can ask their employer before making a final decision.
When people hear open enrollment, they instantly think of healthcare insurance. But open enrollment benefits extend well beyond just that of health insurance. There are a lot of secondary benefits that employers can offer to their employees that will help them save, from health savings accounts to employee discounts.
Take a look at this article to learn our top 3 benefits to help your employees save during open enrollment.
Proliant puts the human in human resources. We provide a fully integrated, cloud-based HCM solution that simplifies payroll and HR processes. The company serves small to large clients in multiple industries in all 50 states and is committed to providing the highest quality customer service in the industry.