Best Practices

As a benefits professional, you want to be part of the solution, not part of the problem when your cash-strapped business-owning client find themselves in a difficult situation, facing reorganization and layoffs.

About half of millennials (56%) and Gen Z talk (49%) about money regularly, compared to 22% of baby boomers, according to CNBC, but employers can encourage employees by offering financial education.

Health benefits will always be an investment, especially for SMB, but new options on the market can help make the investment really pay off for employees and business owners alike.

The compensation employees receive is more than the number on their paycheck – 401(k) matching contributions, student loan repayment, employee stock purchase or employee discounts can add up to $10,000.

Emergency savings accounts – and interest-free emergency loans – can have a palpable impact on employees' lives in the short-term, preventing them from racking up credit card debt or turning to predatory payday loans.

With this new approach, employers pay a flat monthly rate per employee that is directly paid to a primary care provider who is part of a core team of doctors, advanced care practitioners, care advocates and wellness coaches.