The Source: Weekly Roundup – January 7th, 2019

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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 cover what employers need to know about the government shutdown, strategies for fighting employee burnout and much more! Click To Tweet

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2019 Global Employee Benefit Trends

The workplace is changing and there’s no denying it. Whether it’s because of the technology and data available, the changing demographics and expectations of the workforce, greater degrees of automation or the advancing “gig” economy, business is evolving to stay relevant and employees are demanding more of their employer. See what’s in store for 2019 in this Assurex Global report.

Want to Fight Employee Burnout? Focus on Well Being

The flame that burns twice as bright burns half as long, and no one can perform at 110% all the time. How do you prevent your top performers in the workplace from experiencing burnout? This phenomenon is a problem with your company culture, not with those specific employees, says Henry Albrecht for Employee Benefit News. Read more on EBN for specific strategies for avoiding burnout in your brightest stars.

employee wellness benefits

Drug Prices Will Jump In 2019

Many major drug manufacturers are set to significantly increase prices next year, as revealed by a new law in California requiring pharma companies to notify state agencies of plans to raise the cost of medication. Companies increasing prices include Novartis, Bayer, Allergen, Amgen, and more, 28 in total. Read more about what this means from BenefitsPro.

High Cost of Health Care Will Plague Brokers In 2019

Brokers’ jobs have gotten progressively harder as our industry gets more and more complex, and 2019 is promising to continue on that path. This year, the biggest challenge for brokers and consultants will be helping employers control benefits costs and navigate the shifting landscape. Read more about how the expectations for brokers have changed in Employee Benefit Adviser.

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CVS Got Aetna. Next Up, Reimagining Health Care

CVS Health Corp. CEO Larry Merlo is a 28-year veteran of the company who helped lead its transformation from a regional drugstore chain into a pharmacy giant. Now, after guiding CVS through its $69 billion acquisition of insurer Aetna Inc., he has the chance to cap off his career by successfully managing this expensive experiment and, in the process, creating a template for the future of American health care. See what’s in store in this Washington Post review.

5 Cybersecurity Threats to be Aware of in 2019

The employee benefits and retirement industry is in for some tough challenges this year — and they don’t necessarily involve just insurance mergers or chaotic markets. Instead, according to Bitdefender, security issues from a range of cyber and technology threats can put companies’ businesses at risk — not to mention making customers very unhappy. So what might lie ahead? Find out in this BenefitsPRO summary.

cyber security threats

What The Government Shutdown Means For Employers

The partial government shutdown may not have shuttered every federal agency, but it has partially closed the U.S. Department of Justice (DOJ) and the U.S. Department of Homeland Security (DHS). The partial shutdown does not translate to relaxed compliance standards for employers. As the E-Verify and EEOC websites specified, employers and employees will need to continue to meet their responsibilities as determined by both entities. Read more on HRDive.

This Week At PlanSource: Benefits Almanac Webinar

The benefits world is in a constant state of change, with numerous legislative and economic factors that influence trends in our industry. Being able to roll with the punches will be key in the upcoming year.

Join us for a free webinar with a few PlanSource benefits gurus in which we will discuss emerging developments that benefits and HR professionals can plan for with some certainty as we roll into 2019. 

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Thought Of The Week

What are your New Year’s resolutions? Let us know in the comments below!

 

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