The Source: Weekly Roundup – June 17th, 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 discuss tackling digital recruiting challenges, how to make benefits enrollment scary easy, mental health communication and more! Click To Tweet

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CVS to Open 1500 Stores Focused on Health Care

By the end of 2021, CVS will be changing 1500 stores into “Health Hubs” where consumers will have access to health care services such as nutrition counseling and blood pressure screenings, following through on plans announced during their 2018 acquisition of health insurer Aetna. Judge Richard Leon of the U.S. District Court in Washington held two days of a hearing on the final step needed to gain approval for the $70 billion merger, citing concerns about whether the deal might raise prices. Read more about the contentious court case from Barron’s.

Father’s Day 2019: Is Your Organization New Dad-Friendly?

Chances are, your organization employs a significant number of fathers who are eager to spend quality time with their families. Are you creating a workplace environment that supports this? In celebration of Father’s Day, check out HR Technologist to learn more about the current state of paternity leave, three strategies to help new fathers in the workplace and the surprising benefits of providing paternity leave.

CVS Health Unveils New Benefits Management Tool

CVS Health has a new health and wellness benefit management service for its PBM clients. The tool is meant to help employer clients contract, implement and manage third-party health and wellness vendors. Clients can use the tool to access negotiating pricing, member eligibility verification, billing and reporting. 

health care visit

Check out Employee Benefits Advisor to learn more about this new benefits management tool.

Mental Health Communication Cannot Be a ‘One and Done’ Event

Financial wellness, disability insurance and employee assistance programs can all help employees who are struggling with mental health issues. But if employers don’t have the proper communication strategy, workers could be missing out on potentially useful offerings. For example, employees often think that programs like EAPs can only help them in a crisis, but these programs often include diverse benefits such as elder care, childcare and financial planning. Learn more about having the right mental health communication from Employee Benefit News.

The Top 5 Digital Recruiting Challenges According to Employers (and How to Tackle Them)

With 7 million-plus job openings and an unemployment rate of 3.6%, the US labor market continues to lean heavily in favor of candidates. Job seekers not only have more flexibility in choosing where they work but also enjoy on-demand access to career opportunities through any number of job boards, communities, social media channels and other online resources. 

digital recruiting

But these unfilled positions have caused a problem for employers. Digital HR Tech discusses five recruiting challenges and how to approach them.

Smart Benefits: How to Leverage Amazon’s Announcement to Boost HSA Use

Health Savings Account (HSA) funds can be used to pay for a wide range of IRS-qualified medical expenses beyond just prescription drugs. Participants can also use their accounts for other items like certain over the counter medications like allergy treatments, first aid supplies, monitoring equipment, and contact lens solution – all of which are available on Amazon. Learn more about how Amazon plans to disrupt the HSA market

This is the Voluntary Benefit Employers are Most Interested in

Ask Corporate Synergies benefit consultant Nicholas Park what voluntary benefit clients are most interested in and he has a rapid response. Student loan repayment programs top the list as the most requested benefit addition for employers, Park said, speaking Tuesday at Spark HR, an HR and finance forum in New York. 

finances

That’s due to employers’ increasing focus on helping their employees improve their financial well-being. Read the full interview on Employee Benefit News.

This Week At PlanSource: How To Make Benefits Enrollment Scary Easy

Have you ever accidentally purchased something on Amazon because it was just so easy? Or, dare I say, scary easy? Retail has come a long way from the antiquated experience that existed 10+ years ago, and the data shows that consumers love a convenient shopping experience.

What if your benefits enrollment process mimicked this easy, convenient and familiar shopping experience that we’ve all come to know and love? Learn about how to make benefits enrollment scary easy below!

See The Tips

benefits enrollment

Thought Of The Week

55% of businesses think that stronger engagement would improve their ability to either retain, recruit or carry out succession planning – CBI 2018

How is your company working to strengthen engagement in 2019?

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