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BusinessHub

SWBC's BusinessHub blog is a one-stop resource for business owners and company decision makers.

 

Leading Trends in Prescription Plan Management

It’s no secret that healthcare costs are on the rise. In fact, they have consistently risen over the last several years, with employee benefits comprising nearly 1/3 of total employee compensation-spending, according to the U.S. Department of Labor. In this blog post, we take a deep dive into the 2019 Drug Trend Report to offer insight into the cost of prescription drugs in today’s market.

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Coronavirus and Commercial Insurance: What You Need to Know

As health officials around the globe seek to contain the novel coronavirus (COVID-19), economies and citizens remain unsettled. In the United States this week, public events are being canceled en masse, while businesses and organizations have begun making plans for maintaining the health of their employees and bottom lines in the face of what has just been officially declared a global pandemic.

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Compensation and Benefits: Building a Total Rewards Package

As employers are becoming more mindful and concerned about how to recruit and retain a high-performing workforce in a competitive recruiting landscape while maintaining costs, building a total rewards compensation and benefits package is becoming increasingly more important.The concept of a total rewards package is not necessarily new, but employers are starting to do a better job of communicating the “hidden paycheck” behind their employees’ full compensation package. 

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The 5- Part Guide to Starting Your Upskilling Initiative

In my last blog post, I introduced the topic of upskilling and how it could benefit your business and your employees. In case you missed it, upskilling is providing employees the opportunity to learn new skills to improve their current work performance while preparing them for projected future needs of your company.

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Property Tax Bills from the 86th Texas Legislative Session

The 86th Texas Legislature regular session convened on January 8, 2019, and adjourned May 27, 2019. School finance and property taxes were the top priority of the state’s leadership, tapping into surplus revenues as a result of the thriving Texas economy. The Texas Legislature enacted numerous changes to the Tax Code which included substantial property tax reform at a cost of $11.6 billion for the 2020-2021 biennium.

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Bridging the Generation Divide in the Work Place

Each of the generations currently occupying the American workforce have distinct characteristics when it comes to what motivates them, what their beliefs are, and which qualities they prioritize in a professional environment. With so many different ways of thinking, working, and solving problems, it’s important to discuss generational differences and learn how to communicate effectively with team members of any age.

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Cyber Security: The Bug That Can Take Down Your Medical Practice

In 2016,1 a hospital in California was the victim of a ransomware attack. Hackers shut down the internal computer system at Hollywood Presbyterian Medical Center for over a week, encrypting protected patient files, emails, billing, and other sensitive data.

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10 (More) Binge- Worthy Stats About Cyber Crime: Part 2

Cyber crime is a clear and present danger. Most, if not all, organizations take precautions to avoid loss from traditional robberies or theft, but may not give cyber security a second thought. However, getting hacked could put your proprietary and/or confidential business information, your customers' private information and assets, and your organization's reputation on the line.

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Retirement Plan Strategies that Support Your Business Goals

Retirement plans have long been touted as an effective tool for companies looking to improve their recruitment and retention rates. Strategically developing procedures around retirement and other benefits programs for employees at various stages of their careers is one way to ensure that your company is optimally leveraging its retirement benefits.

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The Ins & Outs of Discussing Health Benefits in the Recruiting Process

Your potential employees consider several things before they decide to accept your employment offer. Gone are the days of simply evaluating the dollar amount of an annual salary offer to decide whether or not a company is right for one’s career path. In order to thrive in today’s highly competitive job market, it’s important that your company offer robust health and wellness benefits.

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