April 2 marks the National Employee Benefits Day as decided by the International Foundation of Employee Benefit Plans (IFEBP). Every year, the day motivates employers to analyze their benefit offerings and explore other options that can be beneficial for the employees.This year, the day is to be celebrated keeping a special focus on Wellness 2.0 that demonstrates the expanding employ [...]
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Many organizations record employee attendance and other critical data over the spreadsheets that are manually operated. Relying on these manually handled spreadsheets for payroll processing, HR functions, etc. cannot be treated as a risk free solution and may involve numerous errors.Do you find it difficult to access the accurate data from the spreadsheets?Most of the responses must be yes, as the spreads [...]
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As the businesses start to move from self-managed EDI infrastructures towards fully managed healthcare EDI solutions, there is a surge in the market with a huge number of available service providers. While you explore across the ample options available, you need to ensure that you have set your selection parameters.While evaluating the solution provider, you must use these simple steps:Set Your Parameters: [...]
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There is nothing new in Obamacare being dragged into a controversy every now and then. This time it’s the King v. Burwell lawsuit that is being reviewed by the Supreme Court.The Court is hearing the lawsuit that challenges Affordable Care Act and is related to the ambiguity associated with legality of premium tax credits that are being offered by health insurance marketplaces.The lawsuit claims that as per the Affordable Care Act provisions [...]
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With HR departments having an expanded scope among all strategic business arenas, one of the most daunting tasks for them is the paper documentation while managing workforce’s benefits enrollment and other related tasks.Now supervising communicating and collecting information from employees, data entry, and error resolution, HR departments spend a large amount of their time performing benefits enrollment related activities even when they are not directly  [...]
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Recently, a study revealed that more than half of the companies keep looking for improvements in their existing employee management processes. Usually, payroll process is the one that needs enhancements as it is reported as one of the primary issues that organizations face. Most frequent slip-ups in payroll include over payments, inaccurate tax with holdings, underpayments, etc. In addition, if an organization has disorganized processes, then every process  [...]
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In 2015, there will be a noticeable shift in focus areas of employers related to employee compensations and benefits. More focus will be on retirement programs.Since defined contribution plans have become primary retirement vehicle and employers address health plans in order to alleviate Cadillac tax effects, bringing retirement and health together is a preferable option. Emplo [...]
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Offering a 401(k) plan to employees is a rarity in small and midsize companies. Though the plan is one of the most valued and at the same time gives organizations a competitive edge in attracting and retaining talented employees, not many companies having a smaller employee base provide it. Apparently, many business owners believe that offering the plan could cost too m [...]
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TeemWurk is emerging as a popular name among the small and medium sized businesses on pretext of the services it is offering to this group. Our Magical Benefits Bus is doing wonders as a one-stop solution for all benefits administration, Payroll, HRIS & EDI needs of businesses of all sizes. There are many workforce management solutions that are available in the market, but not many come along as an  [...]
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Open Enrollments season is just around the corner. All the employers, brokers and administrators are gearing up for the season in order to ensure that they serve employees with efficient and effective benefit administration. Though, these all make efforts to make the process right, employees must know what they need to do to get appropriate health coverage and how to avoid any mistake or discrepancy during op [...]
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