How Does Employee Turnover Impact Your Business?
Posted: March 28, 2022
How Does Employee Turnover Impact Your Business?A loyal, dependable workforce is a critical aspect of business success. When a company is experiencing a high turnover rate, it is imperative that you discover what is driving the exodus before it worsens. The costs of employee turnover to a business are more than financial, and include the following: Reduced morale. Workplace relationships are important, and when a valued employee leaves, it impacts the...
5 Pitfalls to Avoid When Choosing Disability Insurance
Posted: March 25, 2022
5 Pitfalls to Avoid When Choosing Disability InsuranceDisability insurance serves a critical role in your health and welfare should you become very ill, incapacitated, and need special care in the future. However, when choosing a disability insurance policy, you must be careful to avoid four pitfalls: 1. Benefits could cancel each other. Group insurance policies, such as those provided by an employer, may subtract your benefits from a group disability policy, including...
How to Use a Fixed Annuity for Retirement Income
Posted: March 22, 2022
How to Use a Fixed Annuity for Retirement IncomeA fixed annuity works to create income stability during retirement. These insurance contracts are designed to pay the owner a guaranteed interest rate, rather than being subject to changes in the market and interest rates. These insurance policies are purchased with a lump sum, or paid for overtime, with a guarantee from the insurance company that the account will earn an unvarying interest rate. The...
Can I Switch to a Different Medigap Policy?
Posted: March 21, 2022
Can I Switch to a Different Medigap Policy?If you have Medigap insurance (Medicare Supplemental Insurance), you may be considering switching or canceling your policy. Under certain circumstances, you have the right to switch to another policy. If you are within the six-month open enrollment period, you can switch policies, or you could be eligible due to a specific circumstance. Some of the reasons people consider switching Medigap policies include: You would like...
How to Prepare for an Employee Going on Maternity Leave
Posted: March 13, 2022
How to Prepare for an Employee Going on Maternity LeaveCompanies with over 50 employees are required, under the FMLA (Family and Medical Leave Act), to offer maternity leave for up to 12 weeks. Over that period, the person’s job is protected, and after the parental leave time has expired, the person has the right to return to the original job, without penalty in pay or position. When an employee is planning to go on...