Company Blog

Compliance Bulletin Upcoming ACA Reporting Deadlines Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply with reporting deadlines in early 2024. For the 2023 calendar year, covered employers must:

Amid ongoing inflation pressures, employees and employers alike can expect their health care costs to increase in 2024. Global professional services firm Aon reported that health care costs for employers will grow by 8.5% in 2024 (to more than $15,000per employee), nearly double 2023’s figure. In line with those findings, the Business Group on...

Why is it important to pay attention to Employee Benefits trends? Attracting and retaining employees has challenged employers since the onset of the COVID-19 pandemic. In 2024, the labor market is expected to cool slightly; however, competition for talent will remain. As such, employers must remain agile and adapt to developing labor and market...

8 Tips for Modernizing Hiring in 2024 As talent acquisition continues to evolve, staying ahead of the curve is crucial for organizations aiming to attract and retain top-tier talent. Last year highlighted labor shortages, looming retirements and a demand for evolving skills. As 2024 begins, the traditional hiring approaches are being reshaped by...

Report Reveals Employers Plan to Offer Compelling Benefits Options in 2024 Recent findings from Mercer’s Health and Benefits Strategies for 2024 Survey Report revealed that employers are seeking compelling benefits options to improve affordability, increase flexibility and fill perceived gaps in 2024. According to Mercer, 1 in 4 of more than 700...

As employers struggled to respond to trends such as the Great Resignation and quiet quitting, many quickly hired employees to cut costs and fill open positions. Unfortunately, reactionary hiring often didn’t work for either party. According to a USA Today poll,only 26%of job switchers liked their new position enough to stay. For this reason,...

Various factors can influence company culture, and new norms can be introduced to employees anytime. As technology advances and becomes more common in today’s workplaces, organizations can specifically leverage HR data to optimize the overall employee experience and foster a strong company culture. With accurate data, HR professionals better...

Currently, healthcare costs in the United States are high and rising, outpacing inflation and wage increases. While many employers had relatively lower claim costs during the COVID-19 pandemic, medical plan costs are approaching pre-pandemic levels as healthcare utilization rebounds. Other factors like inflation, specialty, and novel prescription...

Experiential rewards have 3.8 times more impact on the employee experience than any other type of reward, including cash, gift cards and extended paid time off, according to a study by employee rewards platform Blueboard.

Many employees continue to feel financially strained because of inflation. With open enrollment fast approaching, inflation could impact employees' choices regarding their benefits. Specifically, employees are likely to consider which benefits matter the most and how to optimize the money they spend on those offerings. As a result, this year’s...