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What Is Empathy in Human Resources Management?

January 23, 2023

Empathy in Human Resources Management is something that comes up often. The idea of a stern leader, who rules with an iron fist, is outdated. Today’s leaders are expected to build relationships and trust to ensure they get the most out of employees. HR has the double burden of demonstrating empathy and teaching executives to model this kind of …

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The Rise of Healthcare Costs & How to Reduce it

January 17, 2023

The Why According to the Centers for Medicare & Medicaid Services, in 2021, healthcare costs skyrocketed to $4.3 trillion. This is caused by the premium increases, higher deductibles and copays, and soaring prescription drug prices. Most of these costs are market driven from the unregulated prescription drug costs and healthcare providers’ salaries rank higher than …

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10 Top HR Trends for 2023

January 12, 2023

The new year is on the horizon, and everyone is predicting what 2023 HR trends to anticipate. Recently, HR Exchange Network posted a question on Terkel.io to discover what Human Resources and business leaders will be navigating, challenging, and experiencing in the year ahead. Here are the answers: Bring It with Gamification “Gamification is one of the …

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Top Healthcare Trends to come in 2023

December 19, 2022

Whether you are ready for it or not, the new year is coming and coming quickly. Below are major quick hitters you as an employer, advisor, or everyday Joe should be expecting in healthcare this coming year. Artificial Intelligence Artificial Intelligence (AI) is being used in healthcare to create systems that can accurately diagnose and …

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Prescription Drug Reporting: Consolidating the Takeaways

December 5, 2022

Listen up everyone! The following is an outline of the new required drug reporting law and how you as an employer, provider, or producer are impacted whether self-funded or fully insured.  The law requires group health plans and health insurance issuers offering group or individual health insurance coverage to annually submit to the Departments of …

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Achieving Healthy HR: Thoughtful Compensation

December 5, 2022

The pandemic and job market have made it difficult for employers to attract and retain talent, negatively impacting operations and profitability. Mineral’s Healthy HR framework shows you what companies with high productivity, morale, and engagement have in common. The Healthy HR framework is built on performing well on all four of the following pillars: thoughtful compensation and benefits, …

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Takeaways from the 2022 KFF Employer Health Benefits Survey

November 14, 2022

Kaiser Family Foundation (No affiliation with Kaiser Permanente) released its 24th annual survey of trends in employer-sponsored coverage. This survey is a great resource for benefits and financial professionals to better understand what’s happening in the employee benefits space, particularly among premiums, employee contributions, cost-sharing provisions, offer rates, wellness programs, and employer practices. Increased cost …

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Engagement Across All 5 Generations in the Workforce

November 8, 2022

The first step to creating a great culture with ample amounts of engagement is knowing your workforce. Currently, there are 5 generations in the workforce: Traditionalists, Baby Boomers, Generation X, Millennials, and Generation Z. Each has a unique management style and looks for different benefits from their company. Below is an overview of what each …

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Should You Join a PEO?

October 18, 2022

With the January 1st and year-end renewals coming up, employers are looking to find cost savings and the best programs for employees. One option that has lovers and haters is a PEO or Professional Employment Organization. A PEO has some real technical definitions to know – let’s save that for another time. Let’s just summarize it as when …

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3 Ways to Offer Primary Care to Employees

October 4, 2022

Primary care is a hot topic today in employee benefits and the broader healthcare space. Let’s start by defining Primary Care as when an employee has a relationship with a team of medical providers to access urgent care, chronic care, preventative care, and more. The reason primary care is in the news today is that …

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