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How can employers effectively deliver financial wellbeing support to a dispersed workforce?

Employee Benefits

In its State of financial wellbeing index 2024 report, published in May 2024, Wagestream found that half (54%) of the employees surveyed said financial concerns have caused their mental health to decline. It also found that three-quarters (74%) have not told their employer about the issues they have been facing due to money worries.

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How Much “Tech” is Your Ben Admin Technology Solution Really Using?

HR Professionals Magazine

By Kisha Moliere It is common to think of benefits administration technology (ben admin) platforms as a tool that only facilitates employee benefits enrollment and transfers benefits eligibility data between carrier and payroll systems. Be mindful that not all decision support tools are created equal.

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Two in five older staff are unaware of their total retirement savings

Employee Benefits

Two-fifths of older employees are unaware of how much they have saved for retirement, according to research by workplace savings and pensions fintech Cushon. Providers need to be embracing technology and simplifying how savers engage with their pensions removing jargon and offering apps allowing people to easily manage their savings.”

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4 Questions to Ask About Your Benefits Technology

Winston Benefits

As you think about the changes you want to make to your employee benefits offerings, now is the time to talk benefits technology too. The first part of the year is a good time to audit what’s working and what’s not, and to go over any feedback you got from employees about the open enrollment process.

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How to Coax Disengaged Employees to Sign Up for Health Coverage

InterWest Insurance Services

One of the most difficult aspects of annual open enrollment is reaching workers who are disengaged from the process and never bother signing up for your group health plan and other benefits they could take advantage of. Young workers will often forgo their employer’s health plan as they are still covered by their parents’ plans.

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Look Before You Leap: Payroll-Ben Admin Tech API Considerations

HR Professionals Magazine

Many employers’ tech stacks consist of disparate systems for payroll/HRIS and benefits administration (ben admin). It is important to ask both your ben admin technology and payroll providers about costs associated with standing up an API. If so, consider how this might impact the enrollment window you allow for your employees.

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The Role of Benefits Decision Support in the New Normal

Flimp Communications

Benefits decision support has come a long way since employees had to fill out endless forms while reading nearly inscrutable jargon explaining what their benefit options were. Health insurance is still difficult for employees to understand and use efficiently. Many employees are still working from home at least some of the time.