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HR KPIs: Guide, 20 Examples & Free Template

AIHR

HR KPIs provide valuable insights that help improve decision-making, monitor workforce performance, and plan for future talent needs in multiple ways, such as: Aligning HR activities with business goals: HR uses KPIs to ensure that its strategies, like hiring or employee development, contribute directly to broader company objectives.

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The Affordable Care Act, and Why You Can’t Afford to Ignore It [UPDATE]

ACA Times

As a nation we spent roughly $1,000 per person on health care in 1980; close to $3,000 in 1990; almost $5,000 in 2000, and about $8,500 in 2010. In 1980, health care was just over 8% of the economy; by 2010, it was nearly 18%. Searching for a solution, in 2010 Congress passed the ACA.

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15-year high? Employer healthcare spending forecast to soar in year ahead

HRExecutive

forecast for 2024, it is significantly higher than the roughly 6% increase forecast for many years since 2010. Compounded, the projections mean employers are expected to spend 50% more on employee healthcare in 2025 than they did in 2017, the report shows.

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Employee Benefits Management: Getting the Most Out of Your Benefits Plan

Netchex HR Blog

When done properly, employee benefits management helps employees, as well as the company. Because employee benefits can be complicated, and you need a centralized system to manage costs and adjust policies. When it comes to benefits, both legal compliance and employee satisfaction are important.

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Final Rule Allows for More Flexibility with Grandfathered Health Plans

ACA Times

3 minute read: In December 2020, the Departments of Labor, Health and Human Services, and Treasury (including the IRS) issued a final rule regarding ACA grandfathered health plans. . Health plans may lose their grandfathered status in several ways, including certain increases in cost-sharing arrangements such as coinsurance and deductibles.

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More CHROs are investigating cafeteria plans for benefits. Should you, too?

HRExecutive

CHROs and benefits leaders are increasingly considering so-called cafeteria plans, experts say, as a way to both save organizations money and provide flexible benefits to employees and potential hires, a key hiring and retention tool in today’s challenging labor market.

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Managing Employee Healthcare Costs in 2021

Best Money Moves

The average family premium has increased 55 percent since 2010 and 22 percent since 2015. In spite of these increases, 56 percent of employers don’t plan to make any changes to reduce medical plan costs in 2021. Indeed, many plan to add new resources to better support healthcare needs in light of COVID-19.