Have you recently changed employers? Or are you considering making a change? Fortunately, when you participate in a health savings account (HSA) through your employer, your HSA stays with you. There are plenty of myths about HSAs, so let’s tackle what really happens to your HSA when you change employers. You Have Options HSA...
As we enter another season of open enrollment, one crucial topic is top of mind for many employees: HSA and FSA compliance. Health savings accounts (HSAs) and flexible spending accounts (FSAs) are often misunderstood, despite their significant financial advantages. It’s time to clarify the ins and outs of these tax-saving healthcare accounts and answer HSA...
When it comes to navigating the world of employee benefits, there’s a lot to take in, especially if you’re a first timer. Among the suite of benefits you’re likely to be offered, voluntary benefits are often misunderstood. In this blog we explore all the unknown voluntary benefits terms and bring clarity of information to first-time...
The IRS released 2025 contribution limits for medical flexible spending accounts (medical FSAs), commuter benefits and more as part of Revenue Procedure 2024-40. These limits undergo annual adjustments to account for inflation. 2025 Medical FSA Contribution Limits (including limited and combination FSAs) 2024: $3,200 per year 2025: $3,300 per year 2025 Medical FSA...
If you’re an employer, is your in-house benefits administration team struggling to juggle the multitude of complexities behind running a successful benefits administration program? Are you spending too much time and resources trying to keep up to date with compliance changes and providing the technology and services your employees need for a positive benefits experience?...
Whether you’re transitioning from your parents’ insurance, landed your first full-time job or are simply obtaining coverage for the first time, choosing health plans and employee benefits can be overwhelming. You’ll likely hear a lot of terms and acronyms that you’ve never heard before. For starters, let’s look at a few considerations when evaluating health...
According to the Bureau of Labor Statistics, employers typically pay around 80% of traditional employer-sponsored healthcare plans on behalf of employees. With rising healthcare costs, your business is most likely struggling to solve this key problem: how to maintain financial stability while providing robust benefits to your employees. But what solutions can actually provide benefits...
The concept of work-life balance has become more than just a buzzword; it’s a necessity for employee satisfaction and retention. According to WorkLife.news, employers are increasingly recognizing the importance of providing ample time off to their employees with more than 80% of U.S. employers planning to change their leave policies over the next two years....
Did you know employers can enhance their benefits offerings by incorporating voluntary benefits? What exactly are voluntary benefits and how can employers design an effective plan? We sat down with Hugh McDaniel, manager of channel partnerships at WEX, to get his insights on crafting voluntary benefits plans that meet the diverse needs of employees. ...
An everchanging world can present new and unexpected challenges. Today more than ever, job seekers have more opportunities for flexible work environments and schedules. In the past, employees would often work a traditional 9-5 job Monday through Friday. But today, individuals are looking for job flexibility whether that be freedom to work whenever and wherever they want or through benefits offered. Employers need to be adaptable in times of change to stay relevant.
Staying Current
Even though more and more jobs are being created the unemployment rate has stayed the same for four consecutive months. Job seekers have an advantage in the current market. Hiring managers are having to change the way they attract potential employees. Many times, a candidate may have multiple offers at one time. Hiring managers can tip the odds in their favor if the business offers competitive benefits and wages. Benefits and salary can influence a candidate’s decision to accept or decline an offer. That is why it is important to stay competitive and up to date with current demands and trends.
It is vital for recruiters and hiring managers to change the way they seek employees. Being creative and thinking outside the box will attract quality talent. One way to do this is by creating relationships with job seekers before they are even looking for a new position.
Evaluate Processes
Recruiters need to take a step back and look at their processes through a consumer’s lens and determine what is working, what is not working and what can be improved upon. Candidates want to know what a company stands for and values most. Candidates look for businesses that mirror their own beliefs and values.
Talent acquisition is more than finding a candidate with matching skills to a job description. It is about finding a person that encompasses what the business wants and what they need to continue to grow. In order to do this businesses, you need to:
The information in this blog post is for educational purposes only. It is not investment, legal or tax advice. For legal or tax advice, you should consult your own counsel. To stay up to date on benefits trends and insights, subscribe to our blog.
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