Discovering the individualized reasons people work is key to helping employers understand what will motivate employees.
According to the article "What People Want from Work: Motivation" on the website The Balance, successful companies need to start with money. Paying employees fair compensation, or ideally more than fair, brings the talent in and reduces the risk of losing great employees. Money helps employees check off responsibilities ranging from taking care of the most basic necessities to enjoying hobbies to long-term planning for retirement.
Recently, clients may have contacted you with questions about Letter 226-J, which they would have received from the Internal Revenue Service (IRS) during or after the end of 2017. These letters stated that your clients might owe money, either because the IRS didn’t offer health coverage to enough of its full-time employees, or because the health coverage that it did offer wasn’t affordable (or minimum value).
health insurance policy,
Health Coverage Tax Credit,
play or pay requirements,
Promoting workforce wellness never tasted so good. For heart-healthy living, it turns out a great dietary option for many dates back centuries.
Based on the traditional cuisine of communities along the coasts of Italy and Greece, the Mediterranean diet is gaining increasing popularity among nutrition experts in this hemisphere.
eating at work,
Curious about when you should notify a participant about a change to their health care plan?
The answer is that it depends!
health care benefits,
health care plans
Technology has certainly made the workplace faster, smarter and more productive. New apps and systems continuously offer new ways to create, manage and collaborate. However, just as with many good things, workers can get too much of office tech. With each digitization of traditional job and team functions comes a cost in diminishing associated skills. Many forward-thinking companies are taking heed of the potential pitfalls of tech overload. Check out some particular hazards culled from across the Web.
small business chronicle,
UBA Chicago Fifteen years ago, visionary UBA co-founders David LoCascio and Chris John gathered with a small group of employee benefits professionals in Rosemont, Illinois. United, they founded UBA Partners, an organization that would significantly enhance everyone’s respective practices by allowing them to retain their local entrepreneurial values, all while receiving the benefits of a larger corporate connection. Today, UBA has grown exclusive partnerships with more than 125 of the nation’s premier independent employee benefit advisory firms.
health plan benchmarking,
independent employee benefits advisors,
group benefit plans
When evaluating employee benefits, essentials such as health and dental plans, vacation time and 401(k) contributions quickly come to mind. Another benefit employers should consider involves subsidizing learning as well as ambitions. Grants and reimbursements toward advanced degrees and continuing education can be a smart investment for both employers and employees.
employee benefit plans,
employee benefit plan design,
The ACA requires employers to report the cost of coverage under an employer-sponsored group health plan. Reporting the cost of health care coverage on Form W-2 does not mean that the coverage is taxable.
Affordable Care Act,
employer-sponsored health insurance,
Two tri-agency (Internal Revenue Service, Employee Benefits Security Administration, and Centers for Medicare and Medicaid Services) Interim Final Rules were released and became effective on October 6, 2017, and were published on October 13, 2017, allowing a greater number of employers to opt out of providing contraception to employees at no cost through their employer-sponsored health plan.
religious opposition to contraception,
Group health plans
The U.S. Department of Labor's Employee Benefits Security Administration (EBSA), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) released advance informational copies of the 2017 Form 5500 annual return/report and related instructions.
benefit plan reporting,
group benefit plans,
IRS Form 5500,