Benefits Strategy

What is a Flexible Spending Account (FSA) and How to Make the Most of It

In 1978, an unlikely combination of tax reform legislation and a desire to save on medical costs gave rise to the Flexible Spending Account (FSA), a key employee fringe benefit still commonly used today. For most individuals with employer-funded health plans, a flexible spending account is a flexible spending arrangement where employees enjoy pre-tax savings Read more…

Benefits Strategy

What are Employee Perks and Are They Important?

There was a time when hefty paychecks alone were the ideal talent magnets to attract, retain, and motivate in-demand industry professionals. However, the job landscape has changed dramatically, and fringe benefits such as employee perks are becoming an increasingly non-negotiable part of the overall employee work experience. These perks keep employees happy, helping you build Read more…

Benefits Strategy

What are the Best Employee Incentives Right Now and How Do You Implement Them?

In today’s competitive business landscape, many companies realize that workplace culture can no longer be treated as an afterthought. Each year, unhappy workers cost US companies much more than a bit of pocket change – a staggering $450 to $550 billion in loss of productivity, according to a Gallup report. Recognizing that a more motivated Read more…

Benefits Strategy

9 Types of Biometrics and Why They Are Essential to Your Wellness Program

A successful wellness program aims to enhance employees’ holistic health and well-being, whether physically or mentally. On the physical side, this involves health screenings to monitor key health metrics such as weight, blood pressure, cholesterol levels, and sleep patterns. In the past, this process was tedious and manual. However, technology now allows providers to record Read more…