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Newfront continues to lead insurance brokerages in the creation of innovative, AI-powered technologies aimed at improving the employee and client experience with how they interact and better understand total rewards! BenefitsU is designed to enhance the employee education experience with intuitive plan comparisons, resources, FAQs, and clear guidance on where employees should go for questions and support. BenefitsU is built to save our clients People's teams by: - Extension of Newfront Navigator: BenefitsU seamlessly integrates with our Newfront Navigator platform. - Reduced Build Time: Significantly reduces the build time for the upcoming plan year. - More Time for Review: Allows the People Ops team more time to review upcoming plan year communications. - Earlier Open Enrollment: Enables hosting an earlier Open Enrollment after making final program decisions. - Fewer Employee Questions: Reduces employee benefit-related questions, improving overall efficiency. Be on the lookout for Newfront to continue to launch more and more exciting tools aimed at improving everyone's experience with how they deal with Total Rewards! #TotalRewards, #AI, #Newfront Learn more:

This blog is a general overview of the requirements of employee benefit plans.  What are employee benefits? An employee benefit is any perk or additional benefit provided to employees in addition to their base salaries. This could include retirement benefits, health benefits, life insurance, paid time off and more. The benefit may be mandatory or […] The post Are Your Employee Benefit Plans in Compliance? appeared first on ORBA. https://lnkd.in/dDb4bxmx www.Cyprus-CEO.com #CEO #business #management #marketing #tech #AI #legal #money

This blog is a general overview of the requirements of employee benefit plans.  What are employee benefits? An employee benefit is any perk or additional benefit provided to employees in addition to their base salaries. This could include retirement benefits, health benefits, life insurance, paid time off and more. The benefit may be mandatory or […] The post Are Your Employee Benefit Plans in Compliance? appeared first on ORBA. https://lnkd.in/dDb4bxmx www.Cyprus-CEO.com #CEO #business #management #marketing #tech #AI #legal #money

"There's a definite shift toward employers offering financial wellness offerings to their employees, and nearly half (47%) of employers will offer the benefit by 2026, said a panel of retirement industry experts." I still find this number low... Your employees are struggling to understand how their benefits and finances work. If you offer a Roth 401(k) option do they know the benefits? Or where their matching dollars are going? How to implement the account? Do they know if they need a will or a trust? What type of trust? Do they need more life insurance? Money Management Educators has been offering free workshops and 1:1 education since 1989 to help employees navigate all of their questions around their finances. We have over 15 different workshops covering #financialwellness #humanresources #financialeducation https://lnkd.in/euQmE8EE

When it comes to employee benefits, the quest for the "best" one can be a dead end. What truly matters is understanding your unique workforce and crafting a benefits package that feels like a custom suit, not a hand-me-down. Here's why a one-size-fits-all approach falls flat: -Diverse Needs: A young, single employee might prioritize financial wellness programs over generous parental leave. An employee nearing retirement craves a robust 401(k) plan, not student loan repayment assistance. -Wasted Resources: Offering benefits employees don't utilize is a missed opportunity. -Limited Appeal: A generic package might not attract top talent seeking a company that invests in their well-being. However, there are two foundational benefits that provide a strong safety net for almost everyone: health insurance and retirement plans. Health Insurance: The Bedrock of Well-Being Imagine a healthy, energized workforce. That's the power of health insurance. It empowers employees with: -Peace of mind: Knowing they're covered for unexpected medical costs reduces stress and financial worry. -Preventive care: Regular check-ups and screenings lead to early detection of health issues, keeping employees healthy and productive. -Reduced absenteeism: When employees can address health concerns promptly, they're less likely to miss work due to illness. Retirement Plans: Building a Secure Future A secure retirement shouldn't be a gamble. Retirement plans offer employees: -Financial security: They can build a nest egg for their golden years, ensuring a comfortable post-work life. -Reduced stress: Knowing they're on track financially allows employees to focus on their work without future worries. -Increased loyalty: When employees see the company investing in their long-term well-being, they're more likely to stay put. By offering a solid foundation of health insurance and retirement plans, you create a winning formula. Remember, the best employee benefit is the one that addresses your employees' unique needs. Invest in understanding your workforce, and watch your company thrive! Click the link below to find out more. https://lnkd.in/dSZtpv8m #employeebenefits #healthinsurance #retirementfund #medicalaid #employeebenefitspackage #protectyourgreatestasset

Wondering how you can make the most of your employee benefits package? Find out below: 1. Understand Your Benefits Package: Take the time to thoroughly review your company's benefits package. Understand what is covered under your health insurance, the options for retirement savings plans, and any other perks or incentives offered. 2. Maximise Wellness Incentives: Many companies offer wellness programs with incentives for healthy behaviors such as exercising regularly, attending preventive health screenings, or participating in health education workshops. Take advantage of these incentives to improve your overall well-being while also earning rewards or discounts. 3. Explore Additional Savings Options: In addition to employer retirement plans, consider opening an individual savings account (ISA) to supplement your retirement savings. 4. Review and Update Your Benefits Regularly: Life circumstances can change, so it's important to review your benefits periodically to ensure they still meet your needs. This is especially important during open enrolment periods when you may have the opportunity to make changes to your benefit elections. 5. Participate in Financial Wellness Programs: Many companies offer financial wellness programs to help employees manage their finances, plan for the future, and make informed decisions about budgeting, saving, and investing. Take advantage of these resources to improve your financial literacy and secure your financial future. #EmployeeBenefits #WorkPerks #EmployeeWellness #WellnessIncentives #WorkplaceBenefits #FlexibleBenefits

Fall is the perfect time to reassess your employee benefits and make informed decisions about healthcare, retirement savings, and insurance coverage. #EmployeeBenefits #OpenEnrollment #FinancialWellness #SmartChoices https://lnkd.in/gdNyzabb

Organizations are navigating a tough economic environment right now, adapting new strategies to stay afloat. While it may seem tempting to cut back on #benefits programs to minimize costs, Dan reminds us that it incurs more costly damages in the long run in the form of high turnover. Check out his piece below to learn how you can create a benefits package that attracts and retains top talent. #Retention #Leadership #EX

Don't just hire, retain! Discover how personalized benefits, limited medical plans, and retirement options can keep your team engaged. For more information visit our latest blog: https://lnkd.in/gDwY4GE7 #EmployeeRetention #WorkplaceWellbeing #EmployeeBenefits"

Are you making the most of your employee benefits package? 🤔 💡Understanding and fully utilizing your employee benefits, including health insurance, retirement plans, and other perks, can significantly impact your financial well-being and future security. - Health insurance provided by employers often covers a broad spectrum of medical services, reducing your out-of-pocket expenses. - Retirement plans, like 401(k)s, are essential for building a nest egg for your future, offering tax advantages and sometimes employer matching contributions, boosting your savings potential. - Don’t overlook additional perks such as flexible spending accounts, wellness programs, and tuition reimbursement—they add substantial value to your total compensation package. 🚨 Yet, remember, your job isn’t forever, and neither are the benefits it offers. Once you leave your job, many of your benefits don't leave with you! It’s wise to set up personal financial buffers! Having your own life insurance, disability policies, and retirement plans means you’re covered, no matter what where your career takes you. 👉 Individual savings plans like IRAs or personal pension strategies let you control your financial destiny, ensuring you’re prepared for retirement, irrespective of your employment status. Tag a friend who could benefit from reevaluating their employer benefits strategy!