Do you cringe before looking at your club’s annual health insurance renewal? You know you’re getting hit with another increase; it’s just a question of how much. You ponder changing plans, switching carriers, asking more from the employees, or finding more money in the budget—all
Employee financial wellness programs—like traditional wellness programs that focus on health and fitness—are being offered more and more as benefits at companies across America. Similar to physical wellness programs, financial wellness programs focus on education, counseling, incentives and competitive games—all aimed at helping workers reduce
Q. Regulations governing annual contributions to pension plans combined with low interest rates have caused clubs with defined benefit plans to face increasing annual payments to maintain or diminish their financial liabilities. How are clubs dealing with this? A. Over the last decade, clubs that offer
Employee benefits make up an important element of competitive compensation packages. Oftentimes, attractive benefit packages can help employers attract the best job candidates and retain top-performing employees—even if the salary may be the same or better elsewhere. Comprehensive benefit packages can help build employee loyalty
In tough economic times, perks, bonuses and benefits are often the first thing to go. Unfortunately, a lack of benefits can have a highly detrimental effect on workplace morale and employee retention. To compensate, HR professionals are coming up with new ways to provide benefits
Workplace benefits trends continue to hold significant importance for the stability and health and financial security of employees. As reported in the fall 2010 issue of Club Director, employee benefits have weathered the economic storm with only modest reductions. The findings, based on the 8th annual Study
Most people are familiar with the “golden parachute” concept—the clause(s) in a senior executive’s contract calling for a range of benefits and payouts should an organization, for whatever reason, want that executive to leave. But what happens in the reverse situation? What happens when the