The Most Desirable Employee Benefits

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I was reading a great article from Harvard Business Review concerning employee benefits. I thought you might find value in this article also.

In today’s hiring market, a generous benefits package is essential for attracting and retaining top talent. According to Glassdoor’s 2015 Employment Confidence Survey, about 60% of people report that benefits and perks are a major factor in considering whether to accept a job offer. The survey also found that 80% of employees would choose additional benefits over a pay raise. Continue reading “The Most Desirable Employee Benefits”

Is It Time For A Career Change?

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(Click here to check out a new career opportunity!)

If you have been working in a similar role for years, you may wonder if you could ever step out and do something completely different. Some people do.  Take Andrea Bocelli, the popular Italian tenor and singer-songwriter, who made the jump from being a lawyer to his musical career. Justin Welby left his executive position in the oil industry to become a vicar, and eventually the Archbishop of Canterbury and symbolic head of the worldwide Anglican Communion. Brian Cox, the popular physicist who presents science on English television, was a rock star, with a number 1 hit in the 1990s. Harrison Ford, the Hollywood actor, used to be a carpenter and cabinet-maker.

Such stand-out changes might not be within the realm of our own possibilities, but from time-to-time we need to examine how satisfied we are with what we’re doing, and how confident we feel about the direction we are heading. Waking up on a Monday morning dreading the beginning of the working week, or feeling like our talents are not being used, or that our pay package doesn’t reflect the value we bring, may be signs it’s time to think about other options.

The Bible acknowledges the necessity of working for a living: “People go off to their work, where they labor until evening.” Being satisfied in our work is also mentioned: “You will definitely enjoy what you’ve worked hard for—you’ll be happy; and things will go well for you.” “The earnings of the godly enhance their lives,” The apostle Paul evidently felt fulfilled in his role: “That’s what I’m working so hard at day after day, year after year, doing my best with the energy God so generously gives me.” If this isn’t how you feel, then it could be time to consider looking for a better situation, or at least, for improvements where you are.

(Click here to check out a new career opportunity!)

Life-changing decisions shouldn’t be made in a hurry, of course, and you might like to consider the following:

List five features of your ideal job that are most important to you.

Such as, your fulfillment and goals, the ethics of your employer, the size of your salary, the supplementary benefits (pension, gym membership, etc.), the workplace environment and camaraderie, the hours and workload, your role and level of responsibility, the use that’s made of your unique talents, the opportunities for training and career progression, and so on.

Now score your present job on those features.

If it doesn’t match at least half of what is most important to you, chances are you are not in the best place and it’s time to start looking elsewhere.

Think about what you really want to do.

Read up about the role. Does it fit your skills and experience, training and qualifications? If not, is it something you can learn on the go, or is there another route into that type of job? Do some research.

Get advice from other people.

According to Proverbs, “The more wise counsel you follow, the better your chances.” Try to get some advice from those already in the field where you’d like to be working. Talk to your friends and family, and perhaps a career advisor.

Go after your dreams, but be realistic.

The vast majority of us have jobs because we need them in order to pay the bills. So if your dream career isn’t quite within striking distance and you need to stick with your regular job, consider a voluntary role in the sector where you are interested. If it’s something you really are passionate about, you’ll probably be able to fit in a few evenings or a day over the weekend. An accountant won’t become a social worker overnight, but he could help out at a youth club.

Seek God’s guidance.

“Seek his will in all you do, and he will show you which path to take.” You may find Him speaking to you through your quiet time, devotional, or Bible reading, or you may want to specifically ask Him: “Show me Your ways, O Lord; teach me Your paths.” Whatever the case, try to include Him in the picture of your plans, remembering that “God’s blessing makes life rich,” not only materially, but also in terms of peace of mind.

Your own season for change might not come at this particular time of the year, yet whenever it comes, God will be at hand to help, shining His light on your path.

(Click here to check out a new career opportunity!)

Proverbs 10:16 (NIV)  The wages of the righteous is life, but the earnings of the wicked are sin and death.

Colossians 1:29 (NIV) To this end I strenuously contend with all the energy Christ so powerfully works in me.

Proverbs 11:14 (NIV) For lack of guidance a nation falls, but victory is won through many advisers.

What is voluntary insurance – and why do employees need it?

imageA whirlwind of changes to the way health insurance in the United States is purchased and delivered has more Americans focused on cost and coverage than ever before. Suddenly, major medical insurance isn’t just a nice-to-have: It’s a must, much like auto and homeowners insurance are musts for those of us who drive cars or own homes.

Health care reform has turned workers’ attention to their personal health care situations. They’re also looking closely at their insurance coverage to identify gaps that might leave them vulnerable to medical expenses they’re ill-equipped to pay. Enter voluntary insurance, a type of coverage that’s not required or mandated, with enrollment that’s completely optional – which is why it’s known as “voluntary.”

WHY VOLUNTARY?

Voluntary insurance works hand in hand with major medical plans to help ensure individuals who are sick or hurt have the funds needed to pay health-related costs their primary insurance might not cover, as well as other out-of-pocket costs. After all, when a medical event occurs, there are deductibles, copayments and treatment costs that may not be covered to consider – not to mention the bills that continue to roll in even if an individual is too ill or injured to work.

According to the 2015 Aflac WorkForces Report,  52 percent of today’s workers have less than $1,000 on hand to pay out-of-pocket medical expenses, and 67 percent at least somewhat agree they would not be able to adjust to the financial costs associated with a serious injury or illness.

Perhaps that’s why so many are open to voluntary insurance: 70 percent of workers who don’t currently have access to voluntary insurance through their companies say they’d be at least somewhat likely to purchase them if their employers made them available.

Contact me for more information.

Here are several reasons employers should seriously consider offering voluntary options:

1. Voluntary insurance can help provide employees with financial safety nets that keep their minds on their jobs and not on money concerns. That’s especially important given that employees who participated in the 2015 Aflac WorkForces Report said personal financial issues are among the top non-work-related issues that distract them while they’re on the job.

2. Voluntary insurance pays cash benefits workers can use to help pay unexpected health care costs that might not be covered by major medical insurance or to help pay bills that threaten their financial security.

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3. Voluntary insurance pays cash benefits regardless of any other insurance coverage employees have in place, including policies available through government health care exchanges.

4. Employees who are offered and enrolled in voluntary insurance policies, report increased job satisfaction and believe they’re more financially prepared to cope with unexpected out-of-pocket medical expenses. A win-win scenario.

With so much uncertainty swirling around benefits and options in the wake of reform, developing a plan to manage health care-related costs can be overwhelming for both employers and workers. Voluntary insurance options are a double win:

  • They can soften the blow of rising out-of-pocket costs for workers and, because premiums are employee-paid.
  • They can be made available at no direct cost to companies.

Contact me for more information.

3 Reasons You Think You Don’t Need Disability Insurance

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Most people, if asked, are hard pressed to explain what disability insurance really is. It’s actually pretty simple to define: Disability insurance protects your paycheck.

If you become injured or ill and can’t work, disability insurance pays you a portion of your salary until you can return to work. A recent survey found that most people couldn’t make it a month without their paycheck before financial difficulties would set in. So, it’s easy to see how important disability insurance is.

“That’s all fine and well,” you say, “but here’s why I don’t need it.”

Reason #1: “I’m young and healthy. A disability will never happen to me.”

Truth: You actually have a three in 10 chance of suffering a disability that keeps you out of work for 90 days or more at some point during your career, according to a Life Happens survey. You just don’t know which side of that statistic you’ll be on.

Reason #2: “I could rely on government benefits.”

Truth: Most long-term disabilities are a result of an injury or illness that is not work-related, and so wouldn’t qualify forWorkers Compensation. And if you’re counting on Social Security disability benefits, those pay an average of $1,100 a month, which would leave you living right around the poverty level.

Reason #3: “I have disability coverage through work.”

Truth: You may, but it’s more than likely you don’t. Most (70%) private employers don’t offer long-term disability insurance, according to the U.S. Department of Labor.

The bottom line is this: If you work and rely on your paycheck, you need disability insurance.

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NEXT STEPS

What you need to do is:

1. Find out what disability insurance coverage you have at work (short-term, long-term, both or none at all). Your HR department can help you out with that.

2. Make sure you know how much coverage you actually need. (Keep in mind: Your employer may give you coverage as a benefit, but that doesn’t mean it’s enough!)

3. Get an individual disability insurance policy to fill in any gaps you might have to make sure you’re taken care of if something were to happen to you.

Reach out to me for help in finding a policy that fits your needs and your budget.

Fork In the Road

Baseball great Yogi Berra once said, “When you come to a fork in the road, take it.” Business leaders will encounter many forks in the road in the coming year, and Aflac has taken a look at some of the top benefits-related decisions they’ll face. Among them:

  1. Pay or play?ForkInRoad

In 2016, employers with at least 50 full-time equivalent employees (FTEs) must offer affordable, minimum-value health coverage to at least 95 percent of their full-time employees and their dependents, or face a penalty. Employers will need to be certain they are providing coverage that meets the law’s requirements. For more information, see five things to know and do to guard against health care reform penalties and calculate your company’s FTEs with the FTE calculator.

    2. Make voluntary insurance part of the benefits package?

Because of the steady upward climb in health care costs, shifting expenses to employees is becoming a significant concern. It’s no surprise that benefits option
s such as voluntary insurance are quickly becoming key components of comprehensive benefits packages. Just how critical will these options be? According to the Aflac WorkForces Report, nearly 9 in 10 employees (88 percent) at least somewhat agree they consider voluntary part of a comprehensive benefits package and 64 percent see a growing need for voluntary today compared to past years. To learn more, see What is voluntary insurance and why do employees need it?

aflac-img1To learn more about the remaining six questions your company may face – along with the solutions – keep reading.

Learn more about Aflac’s solutions

CRMS – Who We Are

Debbie and I have spent the last 26 years, of our 31 years of marriage, serving families. We have ministered to families in a variety of ways including spiritual counsel, finances and family budget planPicture1ning, parental coaching, child development, insurance consultation, and most recently we added to our services identity theft, legal services, and small business benefits  As you can see, we really do care about serving families!

Therefore, we decided to bring all of these services under one name called Cannon Risk Management Solutions.  Our mission at CRMS is to protect your family, finances, and your future!  We offer a variety of solutions to help you minimize your risk and exposure, thus protecting your family, finances, and your future!

We would love to serve you and your family.  Contact us today for a free consultation and let us evaluate how we can best serve you. You have worked hard to provide for your family, finances, and your future; now, let us help you protect it all! Click here to contact us today and let’s get started minimizing your risk!

Career Advice

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Teresa White, President of Aflac’s U.S. Operations gives career advice for her younger self. This is sound advice regardless of career choice.

– Find strong mentors
– Commit to excellence
– Welcome criticism
– Love what you do
– Never stop working on your career

She unpacks each of these points in the full article. Click here to read full article.

What’s worse? Taxes, dental visit or health insurance?

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What’s worse? Taxes, a dental visit or health insurance? Survey finds Americans really hate shopping for health insurance!

Everyone knows shopping for health insurance isn’t fun, but it’s not as bad as doing your own taxes, right? Wrong. A recent Bankrate survey found that Americans hate shopping for health insurance. Make that really hate shopping for health insurance. They hate it so much that 75 percent of survey participants said comparing health plans is as bad as or worse than doing their own taxes.

Contact me for information about any of your insurance needs (i.e. life, health, dental, vision, home, auto, supplemental, medicare, or commercial insurance.)

Yep, shopping for insurance is apparently beyond awful. It’s so awful that 73 percent of participants said it’s as bad as or worse than being stuffed in the middle seat of an airplane, while 64 percent said it’s as bad as or worse than having a tooth filled. Read more…

Want Happier Employees? Offer Voluntary Benefits!

aflac-img1The number of employers offering voluntary health insurance benefits as part of their overall benefits package grew by 9% in 2014 compared to 2012, according to a study by Aflac, a major provider of voluntary options.

Aflac’s release announcing the results of the survey didn’t say whether employee demand or employer plan design changes is the primary driver of this uptick. But Aflac noted that 42% of respondents said they weren’t prepared to pay the out-of-pocket costs associated with a serious illness or accident, precisely the kinds of events voluntary options cover.

CONTACT ME FOR MORE INFORMATION ON VOLUNTARY BENEFITS

Further, the research found that employees who work for an employer that includes voluntary benefits in their plan report being more satisfied with the jobs than workers who don’t have access to voluntary options.

The satisfaction quotient cited by Aflac suggested a true link between voluntary benefits and employee happiness exists.

“According to the Aflac study, when compared to workers who are not offered voluntary insurance options, employees who are enrolled in voluntary insurance are 18% more likely to be extremely or very satisfied with their jobs.”

Other survey highlights include:

  • 38% more likely to be extremely or very satisfied with the overall benefits package offered to them.
  • 19% less likely to be extremely or very likely to look for another job in the next 12 months.
  • 64% more likely to completely or strongly agree they feel fully protected by their current insurance coverage.