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BusinessHub

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

 

How Social Determinants of Health Impact Wellness Programs

There are many factors that affect our health. We know that eating well, exercising, and seeing a doctor when we are sick are simple steps that we can take to keep ourselves healthy, but our health is also affected by access to social and economic opportunities. Social determinants of health include the following factors:

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A Guide to Communicating Effectively with Remote Employees

Since the nationwide implementation of social distancing measures put in place to help slow the spread of the coronavirus, many companies have shifted to operating a remote workforce. Since mid-February, Forbes reports that almost half of all American companies have asked their employees to work from home. For many business leaders, this has resulted in major disruptions to daily operations, and while there are many benefits to working from home for both employers and individuals, not having the opportunity for face-to-face interactions creates practical challenges for effective communication that many leadership teams are grappling with for the first time.

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5 Tips for Creating a Culture of Learning in the Workplace

There are a lot of things in today’s workplace that can make employees feel happy and more engaged—money, rewards, or something as simple as a thank you card. The list could go on and on, but one of the ways that many companies are fulfilling this need is through developing a culture of learning in their organization that supports their employees’ professional and personal development. Companies that promote a culture of learning in their workplace have a system of organizational practices and processes that encourage employees to develop their professional expertise.

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Maximizing the Value of Your Employee Benefits Broker Relationship

Most small business owners are focused on long-term success and business growth, but it can be easy to lose sight of these goals when tasks like managing daily operations with very limited resources come into play. Unlike large-scale businesses, most small business owners juggle everything from administrative duties, payroll, HR, and staying on top of compliance regulations.

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Recruiting and On-Boarding New Employees in a Remote Workplace

Since the nationwide implementation of social distancing measures put in place to help slow the spread of the coronavirus, many companies have shifted to operating a remote workforce. Since mid-February, Forbes reports that almost half of all American companies have asked their employees to work from home. For many business leaders, this has resulted in major disruptions to daily operations, and the process of recruiting and onboarding poses particular challenges.

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Personality and Communication Styles Assessments in the Workplace

Communication is critical to creating a healthy and productive environment—especially in the workplace. Whether you’re in management or not, effective communication among coworkers and employees can make or break working relationships. When you create healthy dialogue with coworkers, relationships flourish and employee morale, productivity, and loyalty thrive.

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Successful Strategies for Offering Voluntary Benefits to Your Employees

Unlike traditional health coverage, voluntary benefits can be a cost-effective way to round out your benefits package. Offering voluntary insurance is one simple way to give your employees access to a financial "safety net" in the event that they suffer an accident or disability.

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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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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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