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Employee Benefits Management: Getting the Most Out of Your Benefits Plan

Netchex HR Blog

When done properly, employee benefits management helps employees, as well as the company. Because employee benefits can be complicated, and you need a centralized system to manage costs and adjust policies. When it comes to benefits, both legal compliance and employee satisfaction are important.

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HR acronyms and abbreviations you need to know

Bob

ATD: Association for Talent Development (formerly ASTD: American Society for Training and Development). CEBS: Certified Employee Benefits Specialist. CTO: Compensatory Time Off. DB: Defined Benefit. DBPP: Defined Benefit Pension Plan. DE&I: Diversity, Equity, and Inclusion. EBO: Employee Buyout.

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Top 4 Hurdles Facing Employers This Open Enrollment Season

Payactiv

Inevitably, this year, the complexities facing businesses and HR teams during open enrollment season will be heightened due to tighter budgets, the rising costs of benefits, increasingly stringent compliance regulations, and the need to craft a benefits strategy that positions the organization as an employer of choice in a competitive job market.

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HR Compliance: What is HR’s Role in Ensuring Compliance

Netchex HR Blog

Learn more about HR compliance and discover the important role HR plays in overall compliance for your organization. Additionally, training must also be in place to guarantee employees understand, acknowledge, and comply with measures put in place. Employee Benefits. What is HR compliance? Pay and Time Rules.

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It?s Time to Analyze Benefits Management

Aberdeen HCM Essentials

Employers and benefits administrators are contending with a massive loss of power in their negotiations between healthcare providers, insurers, and pharmaceutical companies. Advocating for their workforce and the benefits they deserve is not only a drain of organizational resources, but an exhausting battle. But don’t give up!

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What is ERISA?

HR Daily Advisor

ERISA stands for the Employee Retirement Income Security Act of 1974. The Act advises when employees must be allowed to join the plan. In other words, it defines how much service can be required of an employee before he or she can participate. It regulates how benefits accrue. Primary ERISA Provisions.

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Responsibilities of the DOL

HR Daily Advisor

On their website today, they state their mission [i] : “To foster, promote, and develop the welfare of the wage earners, job seekers, and retirees of the United States; improve working conditions; advance opportunities for profitable employment; and assure work-related benefits and rights.”. The Way the DOL Works.