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 new information about the rising costs of health care and various strategies employers can use to save money and control costs, including telehealth, selecting the right ben admin technology, how to improve the health of your workforce, and more!
6 Factors That Will Propel the Use of Telehealth
Telemedicine is a growing field and can be a great perk for employers to use as a money-saving strategy. It is a great way to provide low-cost access to convenient care with the potential to improve both clinical and financial outcomes. Employee Benefit Adviser takes a look at factors that will propel the use of telemedicine in the future – read more here.
Small and Medium Business Leaders Are Still Slow to Invest in Emerging Technologies
We’re in the midst of a wave of HR digitization for small and medium businesses as they attempt to stay competitive in a tight job market and keep up with larger organizations. However, smaller companies have a much smaller margin for error when it comes to choosing the right ben admin technology, and it’s a much bigger investment for them comparatively. Get the scoop from Tech Republic here.
4 Ways Automation Makes a Difference in your Benefits Strategy
Benefits technology isn’t free, but the costs of human errors, delays and operational gaps that lie in paper and spreadsheets far outweigh the price of a benefits platform. The benefits and HR world is in the midst of a wave of digitization, meeting the needs of an increasingly digital workforce. Here are 4 ways automation makes a huge difference in your employee benefits strategy from HR Technologist.
How Are You Containing Health Care Costs?
The costs of health care benefits are expected to skyrocket to nearly $15,000 per employee per year. Like most things, there isn’t one magical solution to tackle this problem; employers will have to take a multi-pronged approach to address multiple aspects of the issue. Here are 14 good strategies employers can use to lower health care costs from BenefitsPro.
Healthier Workforce = Healthier Finances
Employers can no longer afford to ignore the health of their workforce, and a new study suggests that more needs to be done to keep employees healthy, or strategies need to be put in place to lower spending. It’s no secret that organizations lose money when their employees are in poor health, but did you know the total cost is upwards of a half-trillion dollars? Read more from Employee Benefit News.
This Week in PlanSource: Vote for Us!
Social media and human resources may not seem like a match made in heaven, but with the right strategy it can be a useful tool for employee communications. Our blog “The Dos and Don’ts of Social Media for HR” is a finalist in the Human Resources Today MVP Awards for Talent Acquisition! Take a look and vote for us!
The Gift That Keeps on Giving: Total Compensation Statements
This holiday season, give your organization (and yourself) the gift of increased employee engagement and productivity with online total compensation statements.
Join us for a free webinar Wednesday, November 28 at 1pm ET with Michael Zaucha, President and COO at Brain Power Software, and Jessica Foust, Communications and Marketing Director at PlanSource, in which they’ll discuss how online total compensation statements give companies the chance to tout all the benefits programs they provide that many employees may not be aware of and explain the more intangible but still important benefits you offer.