One of the most significant topics in virtually any industry is inflation. Currently, avoiding conversations about inflation seems impossible, and it is not good news for business executives or workers. The inflation and uncertainty in the stock and crypto markets make conversations around full recovery inconclusive. According to the U.S. Bureau of Labor Statistics (BLS), consumer prices have risen to 8.3% – the highest inflation rate recorded since 1981. The producer price index (PPI), an indicator of consumer price, also rose to 11.2%. Which raises further questions about the inflationary effects on wages and benefits?
If there is one thing we can all agree on, benefits and healthcare packages offered to employees can often be confusing. Trying to find solutions to make both the employer and employees life easier can feel like a full time job. Which is why we are excited about a solution for your business where your employee benefits can be found all in one place.
No one likes to discuss the complexities of healthcare plans or how much they are spending on medical bills. But we just can not ignore the fact that healthcare spending is at an all-time high. As spending increases so should transparency.
With the world gradually swinging into normalcy, there have been some noticeable changes. Over 18 months, the workplace has shifted to introduce remote and hybrid offices that continue to be apart of the business landscape. Because of this employers should review and possibly revise the office perks that they offer.
Eighteen months after the global pandemic changed the commercial landscape and rendered many businesses inoperative, there is a glimmer of hope with the massive administration of COVID vaccines. Noticeably, there has been a lot of changes in the months leading to this point.
For the past 18 months the global pandemic has been the dominant storyline for headlines across the world. Because of this many are rethinking how we approach healthcare as a society. It is not so difficult to make the deductions from this emerging trend. The global pandemic raised the expenditure for drugs in the US to $358.7 billion, surpassing every other country’s expenses. Because of this typical healthcare plans will change.
We can not ignore the fact that working remotely is the new normal now. Once, it was relegated to freelancers and virtual assistants. But the pandemic happened and the mode of business operations was haltered. The ability to 'work from anywhere' has become more common and is here to stay.
The global landscape for businesses is constantly changing. The pandemic halted how businesses usually operate and has ushered in emerging trends to foster more productivity such as flexible benefits plans.
Health is wealth. A statement of fact that never gets old. One of the best gifts you can ever gift yourself is sound health. But this typically comes with a price tag on it—and certain common conditions typically drive up healthcare costs.
In light of the global pandemic, one thing we all can agree on is that health is paramount. We were told to remain indoors, wear face masks, and maintain social distancing to curtail the spread of the virus. As we transition towards a world free from the deadly virus, health comes to the forefront.