Tag

hr

Oct 12

From Benefits to Better Living: Smarter Communication. Stronger Workforce

By Employee Benefits
Employers invest heavily in benefits. Yet many employees do not understand what they have or how to use it. The problem usually is not the benefits themselves. It is the message. Strong benefits communication closes that gap, so your people actually use the programs you provide. Strive simplifies communication through customized Wellbeing at Work Communication Packages that drive understanding, increase utilization and support employee wellbeing, all while helping organizations maximize the value of their benefits investment. The Communication Gap Employers Face This is one of the most common challenges we hear from employers. They offer valuable resources, from wellness programs…
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Nov 03

Cost Control and Compliance: 4 Moves HR and Finance Can Make Now

By Employee Benefits
Benefits costs are rising, and regulations are tightening. HR and Finance leaders face the challenge of managing both without sacrificing employee experience. The risk isn’t just overspending—it’s fines, audits, and eroded trust if compliance slips. The good news? With the right benefits cost control strategies, you can reduce waste, improve compliance, and protect your program from unnecessary risks. Four Benefits Cost Control Strategies to Prioritize 1. Build a Clean Plan-Data Foundation Fragmented documents and outdated agreements make budgeting and compliance harder. Start by inventorying all plans—medical, pharmacy, dental, vision, HSA/FSA/HRA, life, disability, and wellness. Centralize: Current plan documents (SPD, SBC,…
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Sep 17

Managed Care: Navigating Employee Benefits Options

By Employee Benefits
When designing a benefits plan for your workforce, understanding managed care options is essential to making informed decisions. Comprehensive managed care solutions can balance cost-effectiveness and quality care, benefiting both your employees and your bottom line. By exploring the different managed care options, you can create a well-rounded plan that aligns with your organization’s goals while supporting employee well-being.
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Jul 21

Stepping Off The Renewal Rollercoaster of Employee Benefits with Self-Insurance

By Employee Benefits
Designing an employee benefits program that meets your employees’ needs while supporting your company’s long-term growth and financial goals can feel overwhelming. However, Kapnick makes it easier. By offering strategies like self-insurance for employee benefits, we empower employers to take control of costs, manage risks, and achieve financial stability. THE ADVANTAGES OF SELF-INSURANCE AT RENEWAL TIME BEND THE COST CURVE Self-insurance allows employers to bend the cost curve downward. Instead of dealing with unpredictable annual increases, you can stabilize your expenses and plan more effectively. INVEST IN YOUR ORGANIZATION With self-insurance, you keep all the savings and interest income your program…
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Jun 06

Ensuring You Remain Compliant with the Rules and Regulations of Benefits

By Employee Benefits
As leaders in the emerging cannabis industry, you’re familiar with evolving laws and regulations. However, navigating the complexities of employee benefits plans can be equally challenging. At Kapnick, we take a holistic approach to cannabis industry benefits compliance, ensuring your programs are effectively designed, implemented, and compliant with all rules and regulations. KAPNICK COMPLIANCE: YOUR PARTNER IN BENEFITS COMPLIANCE Kapnick Compliance is a specialized task force dedicated to simplifying legislative compliance for our clients. We provide timely, easy-to-understand updates through: Seminars Webinars Legislative update emails One-on-one consultations By partnering with Kapnick, you can stay ahead of the ever-changing compliance landscape while…
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Mar 21

Using Employee Engagement and Education to Combat the Great Resignation

By Employee Benefits, From the Experts
The Great Resignation has reshaped the workforce, with employees leaving their jobs in record numbers. A Prudential survey conducted in late 2021 revealed that 46% of workers were actively seeking or considering new opportunities. Labor statistics confirmed this trend, with 4.5 million workers quitting their jobs in November 2021—a record-breaking figure. This trend underscores a critical challenge for employers: Workers are no longer willing to stay in roles that don’t meet their needs. To combat this, employers must focus on employee engagement and retention strategies to demonstrate their value and keep top talent. TOOLS TO BOOST EMPLOYEE ENGAGEMENT AND RETENTION At Kapnick,…
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Mar 08

Supply Chain Disruptions Lead to Layoffs or Reduced Hours. Layoffs and Reduced Hours Lead to COBRA Considerations.

By Employee Benefits, From the Experts
A single disruptive event anywhere in the world can trigger a supply chain nightmare for your company. According to a survey by the U.K. Business Continuity Institute, 73% of companies experienced a supply chain disruption in the last 12 months. These disruptions can lead to reduced market share, lost customers, and increased costs. In severe cases, companies may face downsizing or reduced employee hours, which can trigger COBRA events. That’s where COBRA administration services come in to ensure compliance and avoid costly penalties. THE IMPACT OF SUPPLY CHAIN DISRUPTIONS Supply chain disruptions can have far-reaching consequences, including: Reduced market share Loss of…
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