article thumbnail

3 major benefits challenges for HR and how to solve them

WEX Inc.

From the rising costs of healthcare and benefits packages to retaining and recruiting to helping employees understand their benefits to the ever-changing regulatory landscape, HR teams face many challenges that present obstacles to organizational success. The information in this blog post is for educational purposes only.

article thumbnail

The Role of HSAs in Maximizing Retirement Benefits

Benefit Resource Inc.

As an employer or HR manager, you’re constantly seeking ways to enhance your employee benefits package, ensuring it not only attracts top talent but also supports their financial well-being throughout their careers and into retirement. One often-overlooked gem in the world of benefits is the Health Savings Account (HSA).

401(k) 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 ways to effectively communicate benefits

WEX Inc.

“It’s about what a health savings account or a flexible spending account can do for them." Increase communication One main reason why employees don’t understand their benefits is a lack of communication from their employers. The information in this blog post is for educational purposes only.

article thumbnail

Creating a comprehensive benefits package to attract and retain top talent

PeopleStrategy

To overcome this challenge, you need to do everything you can to make your company stand out in ways that your competition simply can’t match; offering a comprehensive benefits package is one of the best ways to reach that goal. benefits are becoming an increasingly important factor for individuals evaluating job offers.

article thumbnail

Are HRAs or HSAs a better nonprofit benefit offering?

PeopleKeep

Each year, nonprofits must balance benefits and pay raises with their other organizational costs. Many nonprofit benefit packages include a high deductible health plan (HDHP) to keep costs in check.

article thumbnail

5 ways to alleviate your employees' hesitations with choosing in an FSA

WEX Inc.

Empower your employees with helpful resources that answer many of their lingering questions, including our blog , benefits toolkit , and knowledgebase of FSA-related videos and educational materials. What you can do: While promoting the benefits of an FSA, it's important to respect individual choices. Download now!

article thumbnail

Employers Expect Higher Premiums, Little to No Cost-Shifting

InterWest Insurance Services

Employers said they are looking to manage growing group benefit costs without shifting costs to employees, as they realize that their staff are likely dealing with inflation in all facets of their lives, including their medical bills, according to Mercer’s “Survey on Health and Benefit Strategies for 2024.”