Tag Archive For "employee benefits"
Corporate insurance renewal: 6 things to consider
Corporate risks come in many guises. From natural disasters and cyber crime, to poor conduct and penalties for non-compliance, the myriad of risks facing corporations are seemingly endless and ever-evolving. Unexpected mishaps can pop up at any time, potentially leading to detrimental outcomes – even for organizations with the most robust balance sheets. Alongside the …
What are the biggest risks facing directors in 2019?
2019 has officially arrived. As we approach the first few months of the year, which risks and issues are anticipated to be the greatest threat to directors in 2019? The Institute of Directors (IoD), a community of directors, entrepreneurs, and business owners, has recently revealed a list of the top largest threats to look out …
Top 5 perks for home-based workers
After long weekends employee morale is usually low in the office, with the morning commuting hassle adding fuel to the fire. It begs the question of why we have to go to the office for work. Admittedly, technology has reshaped the workplace landscape, and many companies are starting to ditch their physical workplaces and allow …
Pacific Prime wins Bupa Global’s Top Producer Award in Hong Kong
As Asia’s leading insurance broker, Pacific Prime has garnered numerous accolades and awards since the company was first founded in 2000. Our latest industry recognition came from Bupa Global at a Christmas party held recently in Hong Kong, where we received the highly coveted Top Producer Award. Leading news sites, such as Market Watch and …
Differences between private and public insurance in the United States
The United States is well known for its exorbitant medical costs. So much so that even international health insurance plans, which cover virtually every country in the world, often exclude America due to its high costs. While about 58 percent of the US population has private health insurance to take care of their health needs, …
How can preventative benefits boost employee wellness?
Employers are increasingly focusing on bolstering employee health and wellbeing; this is not a surprise, especially when considering its far-reaching benefits for staff engagement and productivity. While group medical insurance remains a central part of employee benefits packages, the pendulum is swinging towards employee wellness with a strong emphasis on preventative benefits. Today’s Pacific Prime …
Tackling presenteeism at the workplace with employee benefits
The cost of absenteeism is widely known. In fact, unscheduled absenteeism can conservatively cost businesses USD 2,650 for every salaried employee per year. It’s the more camouflaged counterpart, however, that is harder to quantify. According to CIPD research, presenteeism costs twice that of absenteeism. Now, you might be asking, “But what exactly is presenteeism?”, and, …
What should employees do when companies cut healthcare benefits?
With skyrocketing medical costs, employers nowadays are getting more concerned over their insurance budgets, especially within companies which offer more lush insurance plans that include dependent benefits, as well as dental and vision coverage. While companies strive to retain top talent and increase employee engagement with the right mix of benefits, we at Pacific Prime …
How is technology changing employee benefits?
Technological trends are influencing the ways in which employees view and consume employee benefits packages. For instance, they can now track their benefits and stay up to date with all the latest health and employee benefits news with just a few clicks of the mouse. Thanks to the latest tech, educating and informing employees about …
Five tips to innovate your company’s employee benefits
As an insurance brokerage, we here at Pacific Prime have seen all forms of new and innovative employee benefits. Sometimes these perks are oftentimes so creative that office ping-pong tables or birthday leave seem to pale in comparison. Examples include work anniversary gifts, botox leave, protest training, pawternity leave, and even a dating subsidy. Unique …
