Category

Employee Benefits

Oct 21

Late 2024 Trends in Commercial Risk and Employee Benefits

By Business Insurance, Employee Benefits, Insurance Update
As leaders, staying informed on trends in commercial risk and employee benefits can seem overwhelming. That's why, at Kapnick, we strive to provide our clients with valuable insights and actionable recommendations that make sense for their specific industry and unique needs. Our experienced team stays up-to-date on the latest developments in the insurance market so that we can help you anticipate potential risks and identify opportunities for cost savings.
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Sep 19

Using Benefits to Engage Employees Across Generations

By Employee Benefits
Generational employee engagement strategies are not a one-size-fits-all approach. Different generations have unique values, expectations, and priorities regarding their careers and workplace benefits. To effectively engage employees across generational lines, companies must adapt their strategies to meet these diverse needs. Generational Employee Engagement Strategies by Generation Understanding the preferences of each generation is key to implementing effective generational employee engagement strategies: Traditionalists (Born 1928-1945): Stability and loyalty are paramount. They value traditional benefits like retirement plans and health insurance. Baby Boomers (Born 1946-1964): Growth and development opportunities engage this group. Clear career advancement paths and professional development resources are essential. Generation X (Born 1965-1980): Independence…
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Sep 12

Enhancing Performance and Retention with Kapnick Strive

By Employee Benefits
In today's competitive landscape, organization leaders are constantly seeking strategies to boost employee performance and retention. One pivotal solution is the Kapnick Strive well-being program, which is uniquely designed to transform workplace culture and enhance overall productivity. The Link Between Performance and the Kapnick Strive Well-Being Program Investing in employee well-being through the Kapnick Strive well-being program not only creates a healthier workforce but also drives significant improvements in performance metrics: Improved Focus: Healthier employees are more engaged and better able to concentrate, leading to enhanced work output. Reduced Absenteeism: Proactively addressing health concerns helps lower absenteeism rates, ensuring teams operate at full capacity. Stronger…
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Aug 14

Why Kapnick Strive is the Ideal Partner for the Cannabis Industry

By Employee Benefits
At Kapnick, we recognize the distinct challenges and opportunities faced by our numerous cannabis industry clients. We specialize in creating impactful well-being programs that enhance employee productivity, retention, and overall health. Our expertise in cannabis employee well-being allows us to customize workplace initiatives to address the unique needs of cannabis employees, regardless of their roles.
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Jul 25

Exploring Alternative Funding Options for Benefits in the Cannabis Industry

By Employee Benefits, From the Experts
The cannabis industry faces unique challenges when it comes to offering competitive employee benefits. Traditional insurance models often fall short, either in terms of cost-efficiency or adequacy of coverage. This is where alternative funding for cannabis benefits, such as captives and level funding, comes into play. By leveraging these strategies, cannabis businesses can design a benefits program that not only meets the needs of their workforce but also aligns with their financial constraints.
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Jul 24

Stop-Loss Insurance: Protect Your Self-Funded Health Plan

By Employee Benefits
In today’s healthcare landscape, catastrophic and unexpected medical claims are increasingly common. This rise can be attributed to medical and pharmaceutical advancements, such as specialty drugs and cell and gene therapies, alongside the effects of medical price inflation. As a result, many employers with self-funded health plans are seeking ways to mitigate their financial exposure to such potentially devastating claims. One effective strategy is the purchase of stop-loss insurance.
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