Affordable Care Act
Buy Sell Agreement
Critical Illness Insurance
Employee Assistance Programs
Health Savings Account
Minimum Essential Coverage
Reference Based Pricing
Term Life Insurance
Succession planning is a must for any prudent business owner, and a buy-sell agreement is often the cornerstone of a succession plan. But what are buy-sell agreements and why do you need to have one in place for your business?
Employees consistently consider health insurance to be one of the most important benefits that an employer can offer. Despite this, the rising cost of healthcare has made it more challenging for small businesses to be able to offer insurance coverage to their employees. This leaves some small businesses wondering if it's better to provide health coverage (with employees paying a portion of the premiums) or to encourage employees to get policies on their own through the Federally Facilitated Marketplace (FFM).
We're currently experiencing one of the best job markets that we've had in years. While this is certainly a positive sign for our economy, it presents some challenges to employers for attracting and retaining talent. In an effort to differentiate themselves, some companies are using employee benefits to win over job candidates and keep existing employees satisfied. However, if the communication from human resources about employee benefits is weak, what's the point in offering a comprehensive benefits package?
Despite the fact that we live in a digital world where technology and the internet are cornerstones of the workplace, most small businesses are unprepared to handle 21st Century threats.
According to a recent report, approximately 75 percent of small businesses don't have a cyber risk insurance policy in place. Sure, today's business owners are seeking insurance policies to protect themselves from floods, fires, or natural disasters. However, when it comes to a viable threat such as a hacker gaining access to company's network, three-quarters of small businesses are not prepared.
For most businesses, offering a comprehensive employee benefits package plays a big role in employee retention. Unfortunately, the rising cost of benefits, such as health insurance, is causing some companies to reduce the benefits offered to employees and their dependents. While scaling back on benefits or the contributions that an employer makes towards the benefits can provide upfront cost savings, it can also put you at risk of losing quality employees if they are impacted by the changes you made.
As the economy is continuing to improve, more businesses are feeling comfortable with adding new employees. The influx of new hires means a lot of time and money is being invested in helping new employees get up to speed. The concept of new hire onboarding is gaining traction with many employers as it reduces the amount of time that it takes for new employees to reach their full potential.
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We believe in revealing the real problem, challenging the status quo, and providing definable solutions.
Summerlin-Roberts uses a professional diagnostic process to help you categorize your needs & prioritize objectives.
We'll identify solutions that will specifically fit your needs. Any recommendations made will support your end objectives.
Once we have executive buy-in, we oversee the implementation of any new technology, solutions, or benefits from start to finish.
Summerlin-Roberts monitors market trends, technology and more. Our team works hard at maintaining a best in class approach.