The most severe problem facing small business right now is the cost of health insurance, according to a new release of the NFIB Research Foundation’s quadrennial Small Business Problems and Priorities survey. The survey asked 20,000 members of the [...]
Some small companies that dropped group health insurance for their employees are reversing course, driven by a tightening labor market and rising costs and fewer choices for individual coverage. Retaining employees means employers have to provide them with compensation [...]
This year, more pieces of the Affordable Care Act came into play, and here are several things you need to know as you are closing out 2016. Transition Relief Expiration, Penalty Increases Among Notable Items As employers continue to receive [...]
We know one thing is certain in healthcare these days: rising costs. Businesses of all sizes are left with sticker shock as they see health insurance premium rates increase and they are struggling to find better strategies for cost [...]
Health insurance continues to consume a large portion of a business' money and often payroll is the only expense that tops it. According to the U.S. Bureau of Labor Statistics, in March 2016, health insurance benefits cost small businesses (with [...]
The Occupational Safety and Health Administration (OSHA) is increasing its maximum penalties for workplace safety violations by over 78%. Type of Violation Current Maximum Penalty New Maximum Penalty Serious Other-Than-Serious Posting Requirements $7,000 per violation $12,471 per violation Failure to Abate [...]
For small to medium-sized businesses, day-to-day operations can become cumbersome and distract focus from critical business functions and company growth. Managing human resources issues, employee benefits, payroll and workers compensation can make small to medium-sized business lose their way [...]
Each year, health care costs continue to rise, leaving employers scratching their heads wondering how to put in place the right employee benefits strategy to control these costs. Health care and employee benefits should never be treated as simply [...]
Over the past several months, we have watched as many businesses and their data has been compromised due to lack of cybersecurity infrastructure and planning. In the past, we discussed protecting your small business from disasters. However, as hackers [...]
The 2017 benefit year is one that is going to be more challenging than ever. While insurers have through August to file their 2017 plan offerings, what we are seeing so far leads us to believe that increases will [...]
