The FirstPerson Blog

Ideas & Insights

Benefits

Are Captives the Remedy for Small Organizations to Save on Benefit Costs?

July 11, 2018

Traditionally, only big organizations considered self-funding employee benefits. The expenses could be so volatile that small- to medium-sized organizations couldn’t risk the bottom-line impact.

Recently, though, more small- to mid-sized organizations are transitioning to self-funded arrangements by pooling their healthcare costs with other employers to establish captives.

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Benefits

Unraveling PBMs and Their Role in the Marketplace

June 14, 2018

Once upon a time, buying a new car meant purchasing it directly from the automaker. Then dealerships emerged to function as intermediaries between manufacturers and consumers. As a result, we’re all accustomed to buying new cars from dealers representing one or more brands exclusively.

But imagine if, rather than being brand-specific, dealerships sold any and all brands, and you shopped from one dealer to the other to find the best deal on whatever car you were looking for.

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Benefits

Am I Offering the Right Benefits Package?

May 16, 2018

Benefits have always been a key factor in the employee-attraction equation, but recent research suggests they’re becoming even more important. Which means you need to get them right if you want to attract the best people and keep them feeling happy and fulfilled.

According to MetLife’s 2018 Employee Benefit Trends Survey, 62% of employees say benefits played an important role in their decision to take a job… and that percentage, the researchers found, is trending up.

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Well-Being, Benefits

Your Money Line: A Groundbreaking Tool for Employee Financial Wellness

April 4, 2018

The party was going so well, until a single question stopped the frivolity in its tracks: How tall is David Letterman? You don’t know who asked it, or why they asked it, but the question was asked, and the debate was on. Fortunately for you, this question was asked after 2007. That means a person whipped out their smartphone, and brought clarity and peace to the party with one quick Google search.

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Trends, Technology, Human Resources, Benefits, Health Care Reform, Compliance

Small Business Workplace Trends for 2018

February 9, 2018

Each year, our team of advisors identify trends emerging in the workplace. And since many challenges are unique to small businesses, we’ve outlined several trends we see coming to fruition in 2018.

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