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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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How Does Spouse Life Insurance Work?
April 22, 2021
How Does Spouse Life Insurance Work?

Insurance coverage can provide a vital safety net for employees in businesses of all sizes. Because extra benefits and insurance options can significantly contribute to employee happiness and their dedication to the company, it’s in every business’s best interest to understand what supplemental coverage their employee...

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Insurance Broker Fees vs Commission: What Are the Differences?
April 22, 2021
Insurance Broker Fees vs Commission: What Are the Differences?

Owning and managing a business can be an unpredictable experience. Planning around the great peaks and sudden valleys of business life can be challenging, but insurance can offer a valuable safety net. Unfortunately, the wide range of insurance policies and coverage alternatives can be difficult to understand. Insuran...

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What Types of Small Business Health Insurance Plans Should Your Business Have?
April 22, 2021
What Types of Small Business Health Insurance Plans Should Your Business Have?

If you’re a small business owner, you might be wondering if you really do need that business insurance coverage. Short answer: you absolutely do! It’s crucial for your small businesses to have the right protections and insurance plans for your specific needs so that you are prepared for any unexpected, and potentia...

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Point-of-Service Health Insurance Plans: Pros and Cons Explained
April 15, 2021
Point-of-Service Health Insurance Plans: Pros and Cons Explained

Health insurance in the United States is a confusing and convoluted topic. With so many options to choose from and costs to take into consideration, it can be exceedingly difficult to figure out which is the best choice for your specific situation. Point-of-service health insurance is popular for its low costs and rob...

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What is the Average Employer Contribution to Health Insurance?
April 14, 2021
What is the Average Employer Contribution to Health Insurance?

All business owners do their best to take good care of their valuable workers, and to provide health insurance options that benefit their employees. But it’s equally important to consider cost and the financial health of the entire company when making decisions about employer contributions to employee healthcare cover...

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Everything You Need to Know About Compensation and Employee Benefits Packages
April 14, 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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Employee Benefits Benchmarking State of the Union
April 09, 2021
Employee Benefits Benchmarking State of the Union

The Current State of Employee Benefits Benchmarking Reports The ability to attract and retain top quality talent has increasingly become a major priority among employers operating in an increasingly competitive labor market, and few tools have proven more effective at properly incentivizing current and prospective ...

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The Employment Situation – April 3, 2021
April 09, 2021
The Employment Situation – April 3, 2021

The jobs report released by the Bureau of Labor Statistics on April 3, 2021 shows very solid gains in the job market that significantly surpass most economic forecasts and bode well for the proposition that the quickening pace of our recovery is indeed sustainable. With the unemployment rate dropping to 6% (down .2...

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