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Employers need to broaden benefits as competition heats up
Benefits are a more strategic business driver than ever before, and employers that feel challenged in today's business environment need to rethink how they approach their benefits, Ron Leopold, vice president at MetLife, told attendees
yesterday at the Joint Forum on Health, Productivity and Absence Management, sponsored by the Integrated Benefits Institute and the National Business Group on Health.
http://ebn.benefitnews.com/asset/article/303996/index.html
New rule greenlights default options for 401(k) auto-enrollment
The Department of Labor released its final rule on default investment options earlier this week, tying up some loose ends from the Pension Protection Act. The ruling is expected to increase retirement savings in defined contribution plans
by as much as $134 billion by 2034.
http://ebn.benefitnews.com/asset/article/303995/index.html
Effective strategies for reducing cost of SAS 70, other compliance audits
Every year, employers spend a staggering amount of money to meet growing regulatory mandates required by a host of federal laws and regulations. Although these regulatory requirements will continue to increase in scope and price,
organizations can reduce many of these fees by being proactive and efficient.
http://ebn.benefitnews.com/asset/article/221851/effective-strategies-reducing-cost-sas-70.html?pg=
Rising health care costs cause positive and negative reactions
The majority of Americans are not satisfied with health care costs, and many have been forced to change the way they use the health care system. Some changes have been positive, such as an increased attempt to take better care of
themselves, and others have been negative, such as skipping prescriptions or delaying doctor visits, according to a report released by the Employee Benefit Research Institute yesterday.
http://ebn.benefitnews.com/asset/article/303998/index.html
Absences due to chronic conditions mar productivity
Workers who suffer from asthma, diabetes and hypertension miss an estimated 164 million work days each year, costing employers $30 billion in wages and lost productivity, the American Hospital Association reports. Those three chronic
conditions cause an estimated 1,221 days of absence per 1,000 workers each year.
http://ebn.benefitnews.com/asset/article/301499/index.html
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