"Millennials, the growing majority in today's workforce, want benefits that pertain to them. Are you offering them?" - a question from Jeff Oldham, who wrote for Benefits Pro about what Millennials want in the workplace.
With new laws around minimum wage being debated across the country, along with new regulations around overtime pay under the FSLA, many nonprofits are feeling the budgetary burn and wondering how to cover all of these costs while still supporting programming and staff development.
Peter Ubel writes for Forbes about the cost-benefit decisions doctors and patients must make in the face of rising out-of-pocket healthcare costs.
"From the time it takes to administer programs to their supposed lack of value, small organizations shouldn’t let these benefits misconceptions get in the way of offering robust plans, says MetLife’s Jimbo Story, writing for eBenefits News."
Today we welcome Jim White, Executive Director of the Nonprofit Association of Oregon, to the Nonstop Wellness blog. We discuss with Jim the importance of employee healthcare and why – and how – nonprofits should continue to offer benefits even in the face of ever-tightening budgets.
Photo: Getty Images
"Stashed away in the byzantine language of the Affordable Care Act are rules that have caused a big bang-size explosion in health care startups--led by founders who will reinvent the health care industry." -Jeff Bercovici recently commented on the opportunity the ACA presents to entrepreneurs, writing for Inc.
Felice J. Freyer of the Boston Globe writes about how publishing the cost of health care services does not actually lead to decreased consumer spending on those services.
Photo: engagingleader.com
Perhaps more than in any other industry, nonprofit organizations are strongly vested in keeping their employees happy, healthy, and productive. After all, nonprofits have some of the highest turnover rates in the US workforce, which can cost 20% (or more depending on the skillset being replaced) of total salary to replace.
It’s probably no surprise to hear that healthcare benefits matter to your employees. How much they matter is more likely the bigger question.Eighty-nine percent of surveyed employees*think that employer-sponsored healthcare is equally as important as getting a salary. What’s more, 63% of surveyed employees said that benefits play a factor in their choice to stay with their current job.
Lisa Aliferis recently wrote for KQED about the important differences between California's "active purchaser" exchange and exchanges in other states where any plan that seeks to participate is included without negotiation of premiums and benefits.
