Data flow in the healthcare industry is at its peak and continuously rising. But, alongside this data surge, there is one concern that is cropping up and it is that of data security and management. To address a gamut of pressing issues, data-driven healthcare is being used as a critical and transformative solution. In fact, around 59% organizations have put this on their priority list to successfully incorporate data and information exchanges.  [...]
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Cyber attacks are costing businesses in a serious way no matter how big or small they are! According to a recent study, cyber-attacks were the top most reason for healthcare data breaches in 2015 that adversely affected healthcare industry further raising concerns for patients, employees and organization’s reputation. So, what can be done to safeguard the precious healthcare data from cyber at [...]
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In today’s increasingly competitive business environments, retaining A-listers in organizational talent pool has become every employer’s top most priority! No doubt, departure of some top-performing employees from the company can hamper the workplace productivity in a serious way, especially during its early stages.  According to a recent study, it is found that the cost of an employee turnover is, as much as 1.5 to 2 times of his/ [...]
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The Affordable Care Act (ACA) has always been the most challenging and confusing regulatory burden for all size businesses. The shifting of IRS reporting requirements has further added to the complexity and made employers more worried than ever about the legal issues or fines that they may get subject to due to non-compliance. The new regulation involves more reliance on monthly data to be captured from employee time tracking and payrol [...]
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The ObamaCare Act, Employer Shared Responsibility Mandate, ACA Reporting, and what not! Being an employer, handling the healthcare reform is getting tougher with each passing day. With the reporting mandate in effect now, employers with 50 or more full-time equivalents or FTEs are busy with making preparations to accurately fulfill the reporting requirements. But, having such strict deadlines and a  [...]
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Days are gone when individuals used to pick up one job and stayed there for the rest of their professional lives. A recent study stated that 25% of the working population makes a job switch every year!So, how does this number affect your business? Your recruitment teams get bags of resumes of job aspirants every day. They interview them and after going through the long routine recruitment process, they finally come up wit [...]
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Paid Time Off (PTO) policy has always been a dilemma for employers. To figure out how to structure the policy and how to allocate the holidays still remains a pain. For employees, it’s a great benefit as there are many healthy employees who don’t take sick leaves and want to utilize their leftover leaves for some other purpose, and PTOs give them that liberty. But apart from the positive aspects [...]
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Providing good benefits package to your employees can be one of the best decisions you can take to make them feel happy and satisfied. This will certainly lead to better workplace environment and increased productivity.But, apart from providing wonderful benefit plans, it is also important to deliver them properly to your employees. And it is not at all restricted to s [...]
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With Department of Labor (DOL) releasing the final version of the fiduciary rule, there has been an enormous amount of coverage over the compliance rules and how it affects employers and pan sponsors. Despite of a lot being written and said about, the communities that are going to get directly affected by the rule, are only in a dilemma. Here are a few frequently asked questions about the rule:
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With the rally of legislative changes, new provisions and rules coming into effect, a lot is being said about the existence of brokers. But the fact is- with the rising complexities, employers are now in much more need of expert guidance on employee benefits administration and management. There lies a significant opportunity for brokers to help their employer clients manage benefits while complying  [...]
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