Uncategorized
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Risk-Proof Your Business: Four Tips to Safeguard Success
- June 22, 2023
- Posted by: softwired
- Category: Uncategorized
No Comments“Business risk.” A phrase that may sound alarming, yet it’s part of owning a business. Both internal threats (slip and fall hazards, theft, high employee turnover) and external threats (economic downturn, computer hacking, a pandemic) can threaten to crumble your business’s foundation, but how you prepare, prevent, and reduce the amount and degree of risk is entirely up to you.
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IRS Reminds Plan Sponsors of Cafeteria Plan Claims Substantiation Requirements
- June 15, 2023
- Posted by: softwired
- Category: Uncategorized
The federal Section 125 “cafeteria plan” regulations permit health plans to reimburse participants for qualifying medical and dependent care expenses on a pre-tax basis through health flexible spending accounts (FSAs) and dependent care assistance plans (DCAPs).
If claims are improperly substantiated, any contributions participants make into these reimbursement accounts can lose their tax-favored status and may instead become subject to taxation as gross income for participants.
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Saying Farewell in Style: Mastering the Art of the Offboarding Process
- June 8, 2023
- Posted by: softwired
- Category: Uncategorized
Many companies have an onboarding process and know what to do when welcoming employees into the fold of everyday operations and processes.
But what about offboarding?
In a Zippia survey, 71% of respondents said they had no formal offboarding process, which shows that either companies haven’t created their offboarding process yet or are confused about implementing one.
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The Head, the Heart, or the Hands: Which One Are You?
- June 1, 2023
- Posted by: softwired
- Category: Uncategorized
In today’s competitive landscape, we’re constantly told there are things we need to cultivate in order to gain success.
While scrolling through social media, we see videos promoting skills we need to learn to get our next raise, get hired, or grow in our careers. We’re trained to compete with one another, stand out, set ourselves apart from our peers, and be successful.
Learning skills and educating ourselves is, quite literally, at the core of professional success. But at what point does this kind of competition get in the way of finding success?
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2024 Limits Announced for HSAs, High Deductible Health Plans, and Excepted Benefit HRAs
- May 25, 2023
- Posted by: softwired
- Category: Uncategorized
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Take this Permission Slip
- May 18, 2023
- Posted by: softwired
- Category: Uncategorized
What is it that holds you back? What pushes your employees or peers to burn themselves out? What halts growth and stifles innovation? What keeps cultures from overcoming periods of apathy? Some might point to poor company culture, faulty leadership, or even personal mental health and wellness. But one thing ties them all together—permission.
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Five Cost-Effective Employee Retention Strategies
- May 11, 2023
- Posted by: softwired
- Category: Uncategorized
Moving into 2023, employees want more and are getting more than ever before: with technologies advancing, more jobs being added to the market, and open communication bringing new employee benefit rhetoric. To maintain positive relationships, employers need to leverage their resources to address employee satisfaction and engagement.
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New Data: Four Things Employers Should Be Paying Attention To
- May 4, 2023
- Posted by: softwired
- Category: Uncategorized
MetLife recently published its annual Employee Benefits Trend Study, which offers a wealth of new data to give insight into the current employee experience and how employers can respond to new challenges and trends affecting employees.
We’ll summarize four critical lessons from the 2023 report and outline how employers can use them to help prepare their businesses for the future.
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Federal Judge Vacates ACA Preventive Care Coverage Requirements
- April 27, 2023
- Posted by: softwired
- Category: Uncategorized
Last Thursday, U.S. District Court Judge Reed O’Connor of the Northern District of Texas issued a final judgment that strikes down portions of the Affordable Care Act’s (ACA) preventive care coverage requirement.
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Telehealth: More Than Just a Trend
- April 20, 2023
- Posted by: softwired
- Category: Uncategorized
Telehealth, or telemedicine, gained traction during the pandemic, but it was around long before that. In fact, the history of telehealth goes back so far that many reading this were probably not alive when it started!
The history goes as far as the 1800s, when the invention of the telegraph allowed for medical supplies to be ordered and delivered during the Civil War, as well as allowing for long-distance medical consultations. One of the earliest and probably most famous uses of telehealth was in the late 1950s and early 1960s when a closed-circuit TV link was established between the Nebraska Psychiatric Institute and Norfolk State Hospital for psychiatric consultations.