The process of choosing and administering a Health Insurance Benefits Plan can be daunting.
Traditionally, Benefits Brokers offer assistance in choosing plans at renewal time, but typically lack the solutions that help companies operate more efficiently, saving more money.
Ultimately, a Benefits Broker should make the job of the business owner and the company’s human resources (HR) department easier. If a broker is not achieving this goal, it may be time to investigate options for a new broker.
What Your Broker Should Be Doing (and PS - it should be free!)
Establishing a comprehensive health insurance package for employees can be a challenging task for any business owner. The array of choices can seem endless.
Enrollment procedures, legal requirements, and compliance dictates are ever-changing and quite complicated. Even seasoned HR professionals may find the tasks overwhelming - which leads many companies to turn to a Benefits Broker.
The workplace is going to look different over the next several years. With people living longer and often postponing retirement for financial reasons, we are entering a phase where four, possibly even five generations will be working side by side. Over the next few years, this change can lead to employers managing a wide age range of employees from any of these five generations: Traditionalists (born prior to 1946), Baby Boomers (born 1946-64), Generation X (born 1965-78), Generation Y or Millennials (born 1979-1997), and the newest to enter the workforce, Generation Z (born 1998 – ongoing). Each generation has distinct characteristics and values stemming from the particular time in history that they were raised. These common experiences affect their attitudes, motivations, and the way they approach work and life. It is important not to stereotype but to take these general differences into account. Here are some best practices and tips to make the multi-generational workplace more productive and harmonious.
Keep the lines of communication open and establish a process for receiving feedback from everyone. You need to be aware of the particular generational issues that exist in your workplace so you can design your strategy to address any particular concerns.
Establish a Culture of Respect
We recommended addressing the performance issue with the employee as soon as possible.
First, feedback is more effective the more quickly it’s delivered. Waiting to provide feedback increases the likelihood that the employee won’t remember what they did wrong and that they may make the same mistake again.
Second, waiting to provide feedback risks sending the wrong message. The employee might feel that their mistake wasn’t that big of a deal since you waited so long to address it. Worse, they might associate their being disciplined with something else they did more recently—like bringing up a safety concern, reporting harassment, or using sick leave or FMLA.
That said, there are legitimate reasons to wait before disciplining an employee. If the employee went on leave immediately following their performance mistake, for example, you would usually want to wait until they returned to work before addressing the issue. You might also need to wait on any disciplinary action if the incident requires an investigation to determine what actually happened.
What are entrepreneurship characteristics? It’s an important question when you’re considering self-employment. It’s natural to want to know if you have what it takes before you move forward.
Ask yourself these important questions:
Are You a Visionary?
A primary difference between an employee and an entrepreneur is motivation. Some people are perfectly happy doing the same job or working in the same industry until retirement. They find the consistency comforting, but for others it’s not enough.
Entrepreneurs see new or better ways of doing things and won’t settle for the status quo if it ignores a gap in the marketplace or performs less than optimally. This drive for innovation and change can get them in trouble in a traditional job since their bosses may misinterpret their ideas as criticism. Entrepreneurs are often outspoken, opinionated, and demanding.
Entrepreneurs can’t understand why others don’t see their vision and they crave success in many ways, including a better work/life balance.
Are You Satisfied by Your Hard Work?