Mployer Advisor Blog

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The Employment Situation for June 2021
June 16, 2021
The Employment Situation for June 2021

Economic Recovery Continues for June 2021 The unemployment rate ticked down .3% last month bringing the total number of unemployed persons down by nearly 500k, which is an improvement over the somewhat disappointing jobs report released in May. The number of people seeking unemployment aid has dropped for 5 straigh...

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Market Employment Summary for May 2021
May 26, 2021
Market Employment Summary for May 2021

The Bureau of Labor Statistics released its May 21st State Employment and Unemployment recap. The data revealed a very small reduction (.1%) in the unemployment rate across the country. A quarter of the states plus Washington DC saw a small decrease, while the remaining three-quarters of states were stable. In total, ...

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Small Business Insurance: a Comprehensive Guide
May 21, 2021
Small Business Insurance: a Comprehensive Guide

There are approximately 30.2 million small businesses currently operating in the United States, comprising a shocking 99.9% of all U.S. businesses. Whether you have two employees or two hundred, it’s vital that your business is protected from financial loss; fortunately, small business insurance is designed to do just...

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5 Ways Employee Benefit Plans Can Help to Retain Diverse Talent
May 21, 2021
5 Ways Employee Benefit Plans Can Help to Retain Diverse Talent

For any business owner looking to grow their team, attracting top-notch candidates is only half of the battle. Think of all the time you have spent creating job postings, reviewing applications, reading resumes, and holding interviews. Getting new employees through the door is a feat in and of itself, but companies ne...

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5 Reasons to Offer Voluntary Insurance Plans for Your Employees
May 21, 2021
5 Reasons to Offer Voluntary Insurance Plans for Your Employees

Business owners are constantly trying to stay ahead of the curve and figure out how to appeal to prospective new employees. There’s always the threat that top-notch talent will be attracted to another team, so it is important to try and stand out as best as you can.  One of the most effective ways to do so is by of...

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What Happens If Your Business Does Not Provide Insurance?
May 21, 2021
What Happens If Your Business Does Not Provide Insurance?

There are more than 32.5 million businesses in the United States, operating in industries as vast as healthcare and manufacturing and as far-reaching as technology. Though the size and specifics of these businesses can vary immensely, all U.S. companies are legally required to obtain certain forms of insurance, namely...

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3 Responsibilities To Expect From Your Insurance Broker
May 21, 2021
3 Responsibilities To Expect From Your Insurance Broker

Insurance brokers are valuable assets. Whether you’re a small business owner or a benefits manager at a large company, brokers can help make your insurance shopping experience simpler and, in many cases, more affordable. By acting as an intermediary between consumers and insurance carriers, they provide industry knowl...

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Mployer Insights: 2021 U.S. Employer Benefit Benchmark Report [Infographic]
May 17, 2021
Mployer Insights: 2021 U.S. Employer Benefit Benchmark Report [Infographic]

Design More Competitive Benefits Packages See complete employee benefit plans offered by your peers and competitors. Mployer Insights contains micro-targeted actionable benefit insights for employers and employees. They are used by employers and top insurance advisors annually to design and validate employee...

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The Employment Situation for May 2021
May 14, 2021
The Employment Situation for May 2021

Economic Recovery Slows in May 2021 This month’s Employment Situation release from the Bureau of Labor Statistics shows jobs gains that have fallen short of expectations and an unemployment rate that is  largely a story of ‘two steps forward, one step back’ over the last several months. There were 266k jobs adde...

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Do All Small Businesses Need Insurance? Understanding the Details
May 09, 2021
Do All Small Businesses Need Insurance? Understanding the Details

The United States is home to approximately 30.2 million small businesses. Defined as a privately owned corporation, partnership, or sole proprietorship with fewer employees and less annual revenue than a corporation or regular-sized business (these numbers vary by sector but typically equate to fewer than 500 employee...

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What to Ask a Business Insurance Broker: An Insider’s Guide
May 09, 2021
What to Ask a Business Insurance Broker: An Insider’s Guide

If you are shopping around for health insurance, chances are you have heard the term ‘insurance broker’ thrown around a few times. While both insurance agents and insurance brokers act as intermediaries between insurance sellers and buyers, they have different job functions.  Where an insurance agent represents one...

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Everything You Need to Know About Compensation and Employee Benefits Packages
May 09, 2021
Everything You Need to Know About Compensation and Employee Benefits Packages

As of 2020, there were approximately 123.19 million people working full-time in the United States. With increased job competition occurring in nearly every field, it can be difficult for businesses to find and draw the best talent to their door; add in the concerns that come with a global pandemic and you’ve got a rec...

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Understanding the Different Types of Voluntary Benefits (With 5 Real-Life Examples)
April 26, 2021
Understanding the Different Types of Voluntary Benefits (With 5 Real-Life Examples)

What are voluntary benefits, anyways, and what makes them such a valuable tool for the growth and health of a business? Let’s find out!  Voluntary benefits, also known as supplemental benefits or employee-paid benefits, are coverage options offered through an employer but paid in part or entirely by workers through...

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Why Should Employers Offer a Voluntary Benefits Plan?
April 26, 2021
Why Should Employers Offer a Voluntary Benefits Plan?

Voluntary benefits plans are becoming increasingly more important to a company’s ability to attract and retain talented employees. In the competitive environment of today’s job market, offering a choice of benefits in addition to basic health insurance gives employers an edge that makes them stand out amongst the crow...

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How to Explain Comprehensive Employee Benefits Packages to Your Employees
April 26, 2021
How to Explain Comprehensive Employee Benefits Packages to Your Employees

Offering a comprehensive employee benefits package makes all the difference between attracting top-quality candidates and losing them to your competitors. An employee benefits package is one of the first things potential candidates will ask about during the interview process, and for some, a benefits package is more i...

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How to Measure the Success of Employee Benefits
April 26, 2021
How to Measure the Success of Employee Benefits

We all know how important it is for businesses of every shape and size to offer employee benefits packages to their team. Not only can a robust benefits package attract the top candidates in your specific field, but they also provide a level of security to your current employees during their tenure at your company.  ...

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Do Companies Pay for Benefits? What You Need to Know
April 26, 2021
Do Companies Pay for Benefits? What You Need to Know

Benefits play a key role in business life. Not only do they represent a powerful incentive for prospective employees, but they also help to maintain a high level of employee satisfaction. In a modern world -- especially one enduring a global pandemic -- the businesses with the best benefits packages often have the hap...

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Can Employers Change Employee Benefits Plans?
April 26, 2021
Can Employers Change Employee Benefits Plans?

Benefits packages are essential to the modern worker. No matter what Industry your company is in, offering a robust retirement plan, an excellent paid time off policy, and extensive health coverage can provide comfort and security for your employees -- especially during a pandemic; however, these benefits incur additi...

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Can Employee Benefit Plans Be Taken Away?
April 26, 2021
Can Employee Benefit Plans Be Taken Away?

There is a lot of confusion surrounding whether or not employee benefits can be taken away from employees without their consent and/or knowledge. To ensure you are as knowledgeable about this topic as possible, here we answer some commonly asked questions concerning the ability of an employer to take away employee ben...

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Are Employee Benefit Plans Valuable?
April 26, 2021
Are Employee Benefit Plans Valuable?

You may be wondering if providing a comprehensive benefits package is worthwhile for you and your business. With all the time needed to pick and choose a plan, combined with the costs of providing for each employee, you may wonder if all the hassle is worth it in the end.  Well, the short answer is yes! Employee be...

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