Spring Consultants to Present Voluntary Benefits to Industry Organization

Karen English, Spring Consulting Group

Karen English, Spring Consulting Group

It was recently announced that Spring Partners and Consultants Karen English and Teri Weber, will be presenting Voluntary Benefits at an upcoming meeting of the New England Employee Benefits Council (NEEBC).

The presentation, titled “Voluntary Offerings:  From Auto to Zebra Coverage,” will kick off by summarizing the current landscape and providing some primary research about the pulse of the market which includes key trends, marketplace changes and benchmarks.

From there, experts will discuss the evaluation process including determining if your organization is well positioned for voluntary benefits, how to implement a best in class strategy including identifying partners, defining the employee experience and rolling out a successful program.

teri weber spring consulting group

Teri Weber, Spring Consulting Group

The session will wrap up with employer panelists providing unique and detailed insights from their experiences and addressing your questions.

English and Weber will be joined in the presentation by Joanne Abate, Assistant Vice President, Global Health and Insurance Programs at UNUM and Lydia Jilek, Senior Consultant, Voluntary Benefits at Willis Towers Watson.

The event will take place on Thursday, October 6th from 8:30am-12:00pm with Registration and Breakfast from 8:00am-8:30am at Waltham Woods Conference Center, 860 Winter Street, Waltham, MA.

More information on the event can be found here or by calling 781-684-8700.

Identity Theft Coverage Now a Tax Deductible Employee Benefit

identity theft coverage

Image credit: GotCredit via flickr

With the growing threat of data breaches and hacking incidents on the rise, having identity theft protection is quickly becoming as important as home or auto coverage. Forward-thinking employers looking to attract and retain top talent have been adding identity theft protection to the benefit offerings, but to date, there has been no financial incentive to do so for the employer.

The U.S. Internal Revenue Service (IRS) recently announced in Announcement 2016-22, that identity theft protection could be offered to employees on a tax-free basis regardless of a prior data breach. In the past, the IRS has offered the tax-free perk to employers ONLY if a data breach has occurred. This latest move allows employers to move from being reactive to proactive and use identity theft coverage as an attractive perk.

Spring is a market leader in developing the most attractive and appropriate employee benefit packages for employers of all sizes. We offer an excellent Financial Protection Plus identity theft protection product for individuals and families, through a relationship with LifeLock; the leader in Identity theft protection for ID and credit fraud.

LifeLock provides a series of proactive services to protect your employees’ identity and provides a $1 million service guarantee.

For less than $10 per month, employees can purchase protection against identity theft, ID and credit fraud and more.

Services are available for individuals and families via online enrollment through secure, encrypted servers.

For more information on how you can get these critical services to offer to your employees, please contact our team today!

Study Shows That Employers Have a Lot of Work to Do with Benefits

employer benefitWith health insurance rates on the rise and the job market improving, employers are quickly finding it more difficult to recruit and retain good employees. Many businesses have placed their focus on making their workplace and benefits packages more inviting and appealing.  Unfortunately for them, according to a recent study, they aren’t doing enough.

Benefit provider Unum recently released the findings of an interesting survey which found that only 49% of those polled considered their company an excellent or very good place to work. Further, only 47% of the survey participants that were offered benefits by their employer considered the benefits excellent or very good.

The survey was conducted online and consisted of 1,521 working adults in the United States.

Clearly there is much room for employers to improve both workplace and benefit offerings. There is much to be said for the connection between an employee’s satisfaction with their benefit package and their perception of their workplace. The two are certainly connected and improving your benefits should give you a head start in improving things around the office.

See also: How To Make Your Voluntary Benefits Program What Your Employees Really Want!

One simple way in which employers can improve their employees’ opinion of their benefit package is to simply find out what it is that employees want and craft their package around those findings. We have found that often, what an employer perceives to be important in a benefit package isn’t necessarily the same as what their employees are looking for. Voluntary benefits can play a very important role in this process.

Voluntary benefits offer employers the creativity to make helpful products available to employees that they wouldn’t otherwise have access to. By adding desirable voluntary products to an employee benefit package, an employer not only makes it more appealing to their current employees, but also gives that employer an advantage over their competition when recruiting new employees.

Need assistance identifying the right voluntary products to offer your employees and properly implementing them? Contact our team of employee benefit professionals who will be more than helpful in building you a package of products that will enrich the lives of your employee’s and help improve your recruitment and retention efforts.

Photo by Wonderlane