In new benefits research from LIMRA, 53 percent of employees said they spend less than one hour reviewing benefits information during their company’s open enrollment period.
New LIMRA research finds that more than half of employers still DO NOT have technology to handle annual benefits enrollment or insurance benefits administration (53 percent and 64 percent respectfully).
Workplace benefits have long been a perk of employment, but over the years they have changed to keep up with workers’ needs.
With the U.S. unemployment rate almost at a 50-year low, it is not surprising that one of the biggest challenges facing employers is recruiting and retaining good employees. According to LIMRA research, nearly 7 in 10 employers say this is one of the biggest challenges they face.
April 2 is National Employee Benefits Day. LIMRA research finds that many employees don’t understand key features of some of their benefits. When it comes to life insurance, only 56 percent of workers realize that money from a life insurance
With health care costs on a long upward trend, the implementation of the Affordable Care Act (ACA) and the desire to offer a competitive benefits package, many employers find themselves in a quandary on how to proceed.
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