Welcome to The Source, your one-stop-shop for the latest and greatest HR and benefits news. Our weekly publication highlights this week’s top stories in human resources, benefits administration, insurance, legislation and more to make sure you can stay on top of industry trends and changes. Start off your week on a high note with The Source!In this week's edition, we explore the importance of financial wellness programs, how chatbots and AI are disrupting the insurance industry, tips for managing remote workers and much more! Click To Tweet
Why Financial Wellness Can No Longer Be An Afterthought
Financial wellness: It’s an HR buzzword. But with a number of players involved — from the C-suite to benefits managers to brokers and employees — there often is confusion regarding the best kind of program, the best way to implement it and how to get employees engaged. That’s leading to a lot of discussion — but few concrete solutions. Hear what Denise Winston, CEO of Money Starts Here, on how employers can cut through the confusion.
Chatbots Using Artificial Intelligence Are Selling Insurance In 2019
Artificial Intelligence, Automation, and Blockchain are driving technology disruption in the insurance industry. They are making insurance shopping experience much better for consumers. And, it is estimated that over $2 Billion will be invested throughout 2019 in these InsureTech companies. Learn how AI is disrupting insurance in this Thrive Global review.
How Utilizing Data Can Impact Health Costs, Improve Employee Health
Forget tweaking healthcare plans. Analyzing data might be the key to how employers can really start to save money on healthcare. Companies need to look beyond just the financial numbers, experts say. Instead, look at the bigger picture, from health risk and claims data to how new treatments and therapies can impact employee productivity and presenteeism, as a way to improve customer service and save on health costs. Tips on how to do this and more in this Benefit News report.
5 Tips For Managing Remote Work Arrangements, From An Expert
In today’s environment made up of gig and remote workers, many companies have started to adopt an organizational structure which allows for virtual teams as a progressive approach to its people strategy and in some cases, to address the gap in skilled talent. However, remote teams present unique challenges from an HR perspective.
Overcoming The ‘Curse Of Knowledge’ When Marketing To Employees
Once solely the domain of the HR department, employee communications are increasingly being routed through the chief marketing officer’s office. A number of factors are driving this change, including the need to improve retention rates in the face of record unemployment, a recognition that a strong culture can make or break the customer experience and that employees can be deployed as persuasive brand advocates. Get tips on how to get back to the basics with HR communications in this AdAge interview with Jellyvision.
This Week At PlanSource: Dependent Audits
Ineligible dependents cost businesses millions of dollars in annual health plan expenses. Rather than implementing cost-cutting measures like reducing benefits or increasing co-pays (which employees are not fans of), dependent eligibility audits can identify those individuals who are not eligible to participate in a company’s benefit plan. See how much you could save with a dependent audit!
Thought Of The Week
Only one-third of employees participate in financial wellness programs despite the fact that many say they are struggling – Bank of America 2018
How are you working to engage your workforce with financial wellness?