Category Archive For "Employee Benefits"
Choosing The Best Employee Benefits Broker In 2024
When choosing an employee benefits broker in 2024, company leaders should consider how well the broker knows their industry, matches with their team, and partners with their desired insurers. They should also wield the characteristics of a great broker. If you’re a new business, or if you’re ready to revise your employee benefits and are …
What Corporates Can Learn from the Best U.S. City for Mental Health
Coworking Cafe’s ranking of best U.S. cities for mental health and work-life balance revealed several factors of mental wellness that companies could target when considering employee benefits such as flexible work plans, commute time, and access to recreational amenities and green spaces. Not every aspect of a city’s mental wellness factor can be replicated in …
Key Drivers of Health Insurance Premiums and Considerations for Employers
Around the globe, individuals, families, and organizations are feeling the pinch as the cost of health insurance continues to rise. Taking the US as an example, our Cost of International Health Insurance Report 2023 reveals that the average annual premiums for individual international private medical insurance (IPMI) in 2022 was a staggering USD $9,817, while …
The Impact of the CrowdStrike Global IT Outage
On July 19th, 2024, what could be considered history’s largest IT outage occurred following a botched software update from security vendor CrowdStrike. This affected up to millions of Windows systems worldwide. Affected systems included those of airlines, financial institutions, and broadcasters. This Pacific Prime article will delve into the CrowdStrike global IT outage and its …
Amazon Mandates Staff to Return to Office Five Days a Week
Starting from the 2nd of January 2025, Amazon’s staff will be returning to the office five days a week as Chief Executive Andy Jassy ends the hybrid work policy in an employee memo to staff, hoping to “boost employee training, bolster collaboration, and strengthen corporate culture”. He also said that he was worried that Amazon, …
Health Insurance Benefits for Employees – Why It’s Important
With so many flashy, new wellness benefits on the rise in the industry, it can be easy to forget about the more common perks like employee medical insurance. Employer-provided health coverage has become the standard foundation benefit for many companies’ platforms. Are you an employer looking to insure the safety and wellbeing of your employees? …
Virtual Layoffs: A Guide for Employers
The rising popularity of remote work and virtual operations has transformed the operation of a modern workplace. Various work-from-home arrangements and remote working policies have constantly been emerging, but the transition to a fully remote workplace is still too early to be called mature. With remote work becoming a ubiquitous demand of every employee and …
Why Paternity Leave is an Essential Benefit for Modern Businesses
In today’s rapidly evolving workplace, the conversation around parental leave has gained significant traction. While many companies have made strides in supporting working mothers, a crucial aspect often overlooked is the importance of paternity leave. This Pacific Prime article explores why paternity leave is not just a nice-to-have perk, but one of the must-have employee …
Rising Healthcare Costs: The Hidden Reason Behind Layoffs
Have you ever imagined rising healthcare costs as a reason for layoffs? It has been an understated cause of layoffs for decades, until a recent National Bureau of Economic Research study demonstrated the correlation between increases in healthcare costs and job termination. Wonder what the logic behind this market interaction is? This Pacific Prime article …
Greece Introduces Six-day Workweek, the First Among EU Nations
In a controversial move that has sparked debate about work-life balance, economic growth, and the future of labor across Europe, Greece has become the first European Union (EU) country to introduce a six-day working week for certain sectors. This new labor regulation, which took effect on July 1, 2024, starkly contrasts the global trend of …
