Corporate Wellness Programs – Employee Wellness Programs
It’s easy to feel like your PBM holds all the power over you. In most cases, it does.
A landmark 2004 study compared what drug store benefits managers (PBMs) charge employers’ plans to what they actually pay pharmacies.
Scientists found staggering overcharges – specifically for generic drugs. Regrettably, four years later, the situation has hardly changed. [...]
The best worker recognition practices are often the simplest.
Here’s one that’s lately been adopted at the publishing company where I work – a progam called “See something good, say something good.” It’s a way for personnel to bring positive attention to things that their peers, managers and the company’s different departments do well.
Precisely [...]
When it comes to health promotion programs, it may be tough to get past all the hype. Here is how to avoid the three most common traps companys fall into.
Trap #1. The “one-size-fits-all” approach
For good reason, your company does not simply copy other firms’ 401(k) plans or compensation designs. Yet, all too often, firms adopt [...]
Variable compensation can be a excellent way to satisfy demand for higher pay while addressing upper management’s need to improve productivity and keep base salaries under control.
But there are some major pitfalls. Here are two proven ways to avoid the most common legal and return on investment risks.
Non-exempt employees
Beware if you use variable comp as [...]
Shopping for healthcare programs through a broker is a fact of life for the vast majority of organizations. But how well is your broker meeting your needs?
And how can you work together better to minimize costs while getting maximum bang for your organization’s benefits buck?
What’s New in Benefits and Compensation conducted an exclusive survey of [...]
Which costs your business more – personnel who miss work or ones who show up physically but take a mental PTO day?
For most employers, it’s the latter. So why do even savvy upper managers and finance directors (we’re not just talking about the bean-counters) worry about absenteeism while downplaying so-called presenteeism as a drain on [...]
Any benefits HR/manager can adopt these ways to make personnel feel more appreciated.
The common thread – using your own communication skills as a powerful tool for improveing morale.
1. Put in face time
When time permits, managers may want to put in some “face time” with staff members. This in and of itself is a type of [...]
Looking for recognition ideas that get results? Here are two keys to success –
The most common characteristics of high-Return On Investment (ROI) recognition programs – regardless of their monentary value – are their spontaneity and perceived value by workers themselves.
In reality, the cost of some of most effective spot awards and bonuses often [...]
Looking for ways to improve morale, productivity and retention? Spot awards might be the way to go.
They’re the most popular recognition incentives among staff members, a recent study shows. The best part – the incentives ordinarily amount to less than 1 percent of base pay. That also can makes this option attractive to C-levels. And [...]
In the last few years, there’s been a lot of publicity about the fast-growing crime of identity theft. Greater than half happen in the workplace. Benefits and compensation files are the most vulnerable targets.
The scariest part – Victims of benefits-related ID theft often make out worse than those who fall prey to the more common [...]
