Attracting and retaining top talent has always been important for long-term success in business. It has become even more important recently, though, with a tight job market and workers who are more willing to switch jobs for a situation that is best for them.
Friends form the foundation of a solid support network. They are there for you when you need a pickup. They are there for you when you need to vent. And they are there for you to celebrate your successes.
Employers today are playing an increasingly vital role in their employees’ wellness. More and more companies are creating formal programs around diversity, equity and inclusion (DEI), which helps to create a better work environment that ultimately results in increased productivity.
No longer is it OK for businesses to only provide support for their employees’ physical health. It’s now incumbent on all businesses to protect the mental health of their employees as well.
Working moms make up a large sector of the workforce. As of 2022, almost half of the workforce in the United States was made up of women, 73% of whom had at least one child younger than 18 years old, according to the Bureau of Labor Statistics.
Workplaces that embrace DEI initiatives — or those that focus on diversity, equity and inclusion — are more successful overall. They are able to increase their revenue, improve employee retention and innovate more, among many other benefits.
If you hire part-time employees to supplement your full-time staffers, you may be wondering whether you need to offer them health insurance. While the Affordable Care Act includes part-time workers into their calculation for whether companies are required to offer health insurance to their employees, it doesn’t mandate that these employees be offered such insurance.
Answering whether part-time employees get benefits or not isn’t as straightforward as you might think. Below, we’ll dive deeper into some of the factors that go into it, as well as how your company can stand out among the competition when it comes to attracting part-time employees.
Every year, there is an open enrollment period where employees are able to sign up or renew their employer-sponsored health insurance coverage. During this period, employees have the right to switch plans — if the employer offers multiple choices — or sign up for a plan if they haven’t had one before.
Once this open enrollment period ends, under most circumstances, employees can no longer sign up for health insurance or make changes to their plan. In order to qualify for a plan outside of this period, employees must have what’s known as a qualifying event.
A lot of changes in health insurance were made when the Affordable Care Act went into effect in March of 2020. One of the major changes was a mandate that certain employers had to offer their employees health insurance coverage, otherwise they could face stiff penalties.
If your company fits within certain limits, you will be subject to the mandates in the ACA. If your company does not, you don’t have to offer health insurance to your employees, but the ACA does offer a program for you to make it more affordable.
The health insurance landscape has experienced massive changes in recent years. As health care costs have increased, so, too, have the costs of providing health coverage to people all around the country. Many insurance companies have passed on those increased costs to those they insure so that premiums remain reasonably affordable. As a result, high-deductible health plans that used to be few and far between are quickly becoming the standard.
Because of this, people have had to shoulder a much more significant financial burden for their healthcare; this has led to the rising popularity of supplemental benefits, which can help you pay for medical costs not covered by your primary health insurance.
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