A very interesting article was just published by The Society for Human Resource Management outlining research that Health Insurance, 401(k) and vacation/paid time off are the most valued rewards whereas Employee Discount Programs and other niche offerings don’t add much value. Read On
According to the Leapfrog Group, a recently completed analysis of hospital safety scores revealed 33,439 lives could be saved each year if all hospitals performed at an “A” grade level. Read On
Several years ago, a close friend who works as a consultant for major corporations (5,000 to 50,000 employees) on their health care plans stated that his firm did not advocate investing much in workplace wellness programs to their clients. Read On
The Washington Post reports that a study published in The Journal of the American Medical Association suggests that price transparency tools in healthcare alone “aren’t going to lead to much, if any, savings” (Johnson, 05/03/16). The study “followed health care spending at two large employers that offered a web tool that allowed patients to easily shop around and save on health care costs.” Researchers “found that the tool was barely used – only 10 percent of the 150,000 people at the two employers ever logged in to the price-shopping website over the course of a year.”
Access the full article for more information.
According to a federal estimate, infections and other avoidable hospital complications remain a threat to patients, occurring during 12 of every 100 stays nationwide. Patients were hurt in some way more than four million times when hospitalized in 2014.
Access the full New York Times article for more information.
Company perks are a key tool for employers to attract and retain talent. Glassdoor has produced a list of employer-provided benefits that are key to success in the changing market of 2016.
Access the full article for a list of the 20 best employer-sponsored benefits in the market.
When searching for prospective talent, HR managers typically scan through a checklist of requirements: education, qualifications, prior experience, a polished resume. However, HR executive Regina Hartley suggests the best person for the job might not always have the perfect resume. Read On
In June 2015, the Massachusetts Attorney General issued final regulations for Earned Sick Time. There were many updates from the draft regulations. Attorney Bill Hoch outlines the significant changes of which an employers should be aware below. Read On