Forecasting Employee Benefit Costs for the Next Year

Forecasting Employee Benefit Costs for the Next YearForecasting Employee Benefit Costs for the Next YearForecasting employee benefit costs for the upcoming plan year is vital for any organizationbecause it helps tosecure HR budgets. Although it may sound complex, it does not have to be a difficult process to complete. It can be done in a fairly simple manner, but this does not mean that it should be done lackadaisically. The more in-depth the forecast is, the more prepared the company will be, especially when it comes to abspracheing with the Affordable Care Act mandates. Learn how to put a reasonable number on your employee benefit costs for the upcoming year, with these expert tips. Calculate the Average Cost of Employee Benefits The largest costs to budget for include the Cadillac Tax, which affects high-value health care plans and will have the biggest impact by 2018. The tax will be as much as 40 percent levied on all plans that exceed statutory limits of $10,200 for self-on ly plans and $27,000 for full family coverage plans. Employers and employees will likely share this cost. Other common benefits provided by employers to their employees include dental plans, long-term disability insurance, tuition reimbursement, dependent care assistance and retirement plans. So, when you add it all up, the employer will spend anywhere from $60,000 to $72,000 on an employee who has a $50,000 annual salary and benefits. ACA Regulatory Compliance Forecasting employee benefit costs is important for companies because they need to meet ACA regulatory compliance once the new regulations and policies are activated. Putting money aside is important for companies, so they have the opportunity to pay for any fines or penalties incurred if they decide against offering benefits. The money set aside will also help to pay for added benefits for employees as required by the ACA. Companies do not want to deal with any surprises when it comes to spending money on benefits, which is why planning ahead is very important. Determine Full-Time Employee Classification One of the first steps a company must take in forecasting for benefits in the coming year is to determine which employees are designated as full-time. This will help the company understand how many employees are required to have benefits as defined by the ACA. Once this number is determined, the company can begin to analyze its spending on benefits. Determine Costs of Benefits Versus Costs of Penalties Now the company can determine if it will cost more to provide employees with benefits or to pay the penalties incurred by violating the provisions of the ACA. For some companies, it might be more affordable to pay the penalties than to pay for benefits for full-time employees. Review Current EmployeeBenefits Packages The next step in the process is to review the benefits package the company currently provides to its employees. Your human resources department needs to determine if the pack age is good enough for your employees or if something needs to be added. If the package is missing one or two items that you want employees to have, make sure that you add the item(s) as you budget for the coming year, so you know you have enough money in the bank. Other aspects of a benefits package include paid time-off from work, 401(k) retirement savings plans, flexible spending accounts, voluntary benefit programs, bonuses and commissions, wellness perks, and much more. All of these items do not have to be offered by the company but should be considered when putting together a budget for employee benefits for the coming year. Consult With an Advisor Whenever a company runs into some trouble with employee benefits, such as planning for the coming years, it should consult with an advisor. An advisor will be able to answer any questions the company might have when it comes to employee benefits. An advisor can be someone who works for your company as a contractor, which means h e or she will be accessible quite often. Working with an advisor can help to make the budgeting process much easier for companies. Present the Budget to Executives Once the employee benefits budget has been created, it then needs to be presented to the executives of the company. They will review the budget, make any additions or subtractions, and then provide approval so it can be put into action in the coming year.

Mistakes to Avoid When Applying for an Internship

Mistakes to Avoid When Applying for an InternshipMistakes to Avoid When Applying for an InternshipIf you are looking for the perfect internship for the summer, you will want to avoid making these six deadly mistakes. Internships are far more in demand than in past years and students have to face some pretty stiff competition when seeking a summer internship. By reviewing and avoiding the following mistakes when applying for an internship, you can greatly increase your chances of getting called by the company for an interview. Waiting Too Long To Apply If you havent already started your internship search, what are you waiting for? High school students, college students, and recent grads are all constantly looking and applying for internships, so get started today. If you are applying for fall internships, start sending in materials around June or July. If you are applying for a spring internship, you should be looking in October or November. And if you want a summer internship, yo u should start looking in October of the year prior (just to make koranvers the company you are interested in doesnt have super early deadlines). The bigger companies often have very early summer deadlines. Mid-sized companies usually have either February, March, or April deadlines. And theres always a bunch of companies that forget to post their summer listing and end up doing their internship hiring in May or June. Sending in Generic Materials The number one problem with internship applicants is sending in generic materials the same resume and cover letter for every single position. You must customize your materials for the position and the company. If every resume and cover letter you send is the same, theres a problem. Companies can easily tell when they are looking at a document that youve sent to 15 other places. To best customize your materials, print out the internship or job listing and go through it with a highlighter. Think of it this way they are telling you exactly what should be on your resume or cover letter in the listing. For example, if the company says they want someone who is social media savvy, make koranvers your resume speaks to your social media experience. Applying for Only a Handful of Internships Remember, internships are more competitive than ever before. If you only apply for a handful of opportunities, theres a pretty good chance you will not land one. To make sure you land something, apply for at least 10 to 20 internships every two to three weeks. If you hear back from a few and land interviews, you can stop aggressively applying, but remember you want to make sure you dont put all your eggs in one basket. One company said it received 14,000 applications for its internship. Its a tough market. Fail to Follow Company Instructions If you cant follow the application rules, how will you follow the actual rules of the internship? Your application is the first impression you are giving an employer. If you arent following directions, that first impression wont be very positive. By not following a companysspecific instructions,you could end up being placed in the no pile even if you possess all of the qualifications the company is looking for. Make sure to read through their requested process closely. For example, they might post their internships on a third-party website, but they might state in their posting that applicants should go to their website to apply. Forget to Follow Up Once you start applying for internships, follow up one week after you send in your application to confirm the company received your materials and to ask if they need to look at anything else. If you cant find anyone to follow up with, use LinkedIn and try to connect with people who went to your school and work at that company. Not Passionate About the Interview After an interview, an employer shouldnt have to wonder if you really want the position. Make sure you make it very clear that you want the position and that youd do anything you need to secure the position. An employer wants to hire someone they know will love and appreciate the job, so make sure that comes across in the interview.

3 smart ways you can gain confidence in yourself

3 smart ways you can gain confidence in yurself3 smart ways you can gain confidence in yourselfI learned quickly in the FBI that success would notlage make me confident instead, confidence would make me successful.Easier said than done, and I should know because Id never shot a gun when I showed up at the FBI Academy. Guess what? FBI agents are required to become expert shooters.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moreId never wrestled a partie to the ground and slapped handcuffs on them, either. Guess what? FBI agents make arrests and slap handcuffs on people every day.Bottom line Id never done a lot of things that would be required of me before the FBI Director handed over a badge and weapon. Of course I had choices. The door was open for me to show up as a big time loser and drag my sorry ass back to my old life. Even worse, I could have wimped out and blamed everyone else for what w as left of my delicate and bruised ego.Or, I could lead with my chin and suck it up.It is hard to be confident if youre surrounded by neanderthals who criticize you because you do things differently. Or if youre dumped into a new situation and you dont even know where the bathroom is. Worse, asking for help and the person across from you stares back, tries to smile, but only manages something that indicatestheyneed the bathroom.Yep, lack of confidence and self-esteem can hit anyone, at anytime. Its like a dog that chases his tail- in order to be successful we need to be confident but first, we need to be confident so we can be successful.Which comes first?Wimps take the easy way and sleepwalk through life. They dont make hard decisions and avoid anything too difficult. And please, no confrontationsThen there are the self-help gurus who fill bookshelves and their pocketbooks with expert help. God knows where these people come from but its a market-driven profession so buyer beware. T he problem, and there are many, with self-help approaches to building confidence is the basic premise that the trouble is with the reader. Its the reader who needs to be fixed or find ways to overcome their inferiority.No one is born with limitless self-confidence. Most people who are truly confident in themselves have spent years building it up. This is where I feel sorry for young people fruchtwein of their confidence comes from the number of friends they have, how good their hair looks, or how much money theyve made in their first job.Lets establish this first thing confidence doesnt come from loads of money, a hot body, great teeth, or loads of talent. We all know rich people, famous models, and celebrities who have meltdowns and lack confidence in their popularity.Confidence is a feeling that comes from inside. Its not something linked to external circumstances. If youve lived more than a couple of decades, you probably already know this. You got a promotion? Thats great but it s going to pluck you out of a position in which you know everything and dump you into one where you dont know shit. Good luck with that toothy smile to give you the confidence youll need to make it to the next promotion. And the next level of discomfort.Want to move in with that hunk you just met? Great, but thats not going to make you any more confident in your ability to maintain your relationship.Confidence is something we learn to build up over time because the challenging world of business and life is always changing. Our confidence can be deflated at anytime but it will be easier to rebuild if our foundation is rooted in a deep understanding of ourselves and not on this weeks best selfie. People need courage to descend into the abyss of themselves- YeatsHere are 3 smart ways you can gain confidence in yourself1. Get Comfortable With Who You AreIts not helpful for you to believe youre beautiful if youre a frumpy slob, or that youre brilliant because you can solve the crossword puzzle in People magazine. This thinking can lead to narcissism which is like putting a bag over ugly- it doesnt fool anyone because we all know the ugly is still underneath.You want to build your confidence foundation on bricks? Then its time to be realistic about who you are as the person God created and placed on this earth. You will not be loved because youre better looking or smarter or funnier. Love is something you are its nothing you can buy or grab.Be on your own side.Dont delude yourself into believing that you can work hard enough to possess all your dreams. Instead, be comfortable with who you are, including what you dont possess.You have been criticizing yourself for years, and it hasnt worked. Try approving of yourself and see what happens- Louise L. HayHow To Make It Work For YouMental toughnessis believing that you will prevail in your circumstances rather than believing your circumstances will change. Stop the harsh comments that come from your inner critic. Instead of focusing on what you dont have, be grateful for what you do. Let that be your North Star.Want to know how you score in mental toughness? Take thisFREE assessment.2. Let Your Failures Show You The WayItll take more than tedious you can do it affirmations stuck to your computer screen to build real confidence. Come to think of it, itll probably take more than walking on hot coals over the weekend as well.Its counterintuitive, and it sucks, but we build confidence through our failures.The book, The Confidence Code, dives into the psychology and science behind confidence and failure. Its possible to cultivate confidence only once we understand how to develop a healthy relationship with failure.Comfort in our failures allows us to move into action without fear, to engage without judgment, and to love without conditions (even ourselves).Ever tried. Ever failed. No matter. Try Again. Fail again. Fail better- Samuel BeckettHow To Make It Work For You Dont wait for an idea or plan to tur n out perfect. Instead, move quickly and identify what works and what doesnt. beinahe failure allows us to learn and improve next time with more speed and efficiency. Another benefit is that you dont allow yourself time for self-pity, regrets, or second guesses.3. Step Into Your Discomfort ZoneComfort zones can make us dumb. They shut down our brains learning center. We dont like uncertainty because it means that we cant predict what will happen so we opt for boring, safe places where we can read self-help books on how to build our confidence.Comfort zones sap away our confidence. They produce a familiarity that can be a quiet death, an arrangement that allows the routine to continue without either challenge or desire. Before we know it, were in a rut.The only difference between a rut and coffin are the dimensions.NewresearchfromYale Universityhas found that we only learn when theres uncertainty. Stability is a shut off valve for the brain. We dont like discomfort zones but they are essential if we want to make the most of our brain.Were not stupid if we fail were only stupid when we dont learn from the failure.Its also important to give our brain a rest, so what is optimal? According to serial entrepreneurAuran Hoffman, if you want to maximize learning you need to make sure youre doing hard things 70% of the time.When we move out of our core competency, we often feel vulnerable and weak. Weve been successful, and were accustomed to having the right answers. They give us confidence in our choices.Its all the more reason to spend time in a discomfort zone so you know what it feels like and wont be sabotaged by negative emotions when the stakes are higher. You will already know how it feels and can predict your response to it.This is exactly the mindset we need when confronted with obstacles and adversity We may not be able to rely upon our developed skills when facing a new barrier or challenge, but if weve continually and deliberately placed ourselves in situa tions that are beyond our core competency, we are more prepared to absprache with them.With experience and practice, we can predict our response to the unknown with greater accuracy. This is another important component of mental toughness - the ability to choose our response when confronted with the unknown rather than simply react to our circumstances.How to make it work for you Cultivate a beginners mind because this is the mindset that opens up possibilities of what might be. It is a non-grasping, patient and confident understanding of what it means to live our fullest potential. This is what truly gives us confidence in ourselves and our ability.How you do anything is how you do everything.This article originally appeared on LaRae Quy.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from Benjamin Franklins daily schedule that will double your productivityThe wo rst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people

10 Steps to Better Employee Benefit Marketing

10 Steps to Better Employee Benefit Marketing10 Steps to Better Employee Benefit MarketingEach year, organizations look for creative and effective ways to promote their group employee benefit offerings. It has become critical in a time when individuals are faced with comparing their workplace benefits with those offered on the open marketplace. Without adequate participation in group health coverage, companies cannot offer the kind of cost savings that they are expected to. Add to this the state of the job market as it stands currently. There are many skill shortages, which makes it easier for employees to hop from one job to another where they may receive better compensation and benefits. Companies need to make employee benefit absatzwirtschaft a priority in order to attract and retain their best employees. Employee benefit premiums are on the rise, again According to the Society for Human Resource Management, 2017 health premium costs rise at least 6 percent over 2016s figures. Si nce the Affordable Care Act, premiums have nearly doubled. Many employers now offer only high deductible health care plans that offer low premiums, but have annual deductibles of $4,000 per member or more. It can be hard to sell employees on this type of plan, unless some serious absatzwirtschaft takes place that can show its value. 10 Critical Things You Must Do When Marketing Employee Benefits Here are some time-tested ways to improve your employee benefit marketing results, while increasing awareness and the perceived value of benefits for your workforce. Use as many of them as possible to keep your employees from shopping around for benefits elsewhere. 1. Make Benefits a Part of Overall Employee Compensation Communication Companies often limit their benefit discussions to when they introduce them to new hires. Or they keep them separate from other forms of compensation. However, this doesnt give employees the full impact of their total compensation. Use employee benefits as one of many perks and benefits of working with your company, added alongside salary and special incentives that are offered to employees. This enhances the perceived value. 2. Create Marketing Materials That Speak to the Needs of Employees Smart marketing professionals address the why of offerings, which helps to increase the likelihood of conversion and sales. Use this same tactic when presenting employee benefits to employees and candidates. The marketing materials must address the needs of individuals. For example, one individual may be looking for flexible benefits that grow as he or she starts a family. Presenting the benefits in this way can help them make the decision to enroll. 3. Develop Marketing That Covers All Media Formats We live in a multi-media rich world. Smart Insights, a marketing firm that monitors consumer electronics usage, indicated that as of 2017, the use of mobile devices has exceeded that of desktop computers. More employees are looking to their benefits information on the go, and need clear messaging to encourage them to enroll and use behauptung benefits.When sending out employee benefits communication it is important to use the right medium. Email can be good, but to reach individuals by phone, early mornings are the best by tablet and online use late afternoon and evening messages. 4. Convey Positive Messaging Around Benefit Use The entire idea of reading through employee benefit plan documents and trying to decide which coverage to accept is not all that appealing to most people. When marketing benefits its important to be as positive as possible. Make the benefits options about giving employees more control over their health care, their money, and their lives. 5. Share Employee Success Stories as Part of Marketing Campaigns One great way to increase the positive nature of the marketing around employee benefits is by allowing employees to share their testimonials with peers. This can be as simple as a written experience of usi ng the benefits for a specific need, or a video created of their story. No one has to be perfect about this, just keep things natural and encourage employees to be honest. This can be the catalyst for getting other employees onboard. 6. Provide More Than Just Information About Employee Benefits All benefits come with the standard explanation of benefits sheet, but you want to share something more meaningful. Develop a directory of health care centers and an orientation to the benefits program. Use a presentation that can be delivered to employees annually before open enrollment, during new hire onboarding sessions, and to simply educate employees about the benefits your company offers. Give out magnets that have the benefit administrators information and the 24/7 hour nurse hotline. 7. Enlist the beistand of Benefit Plan Administrators Most plan administrators have access to massive amounts of marketing materials that can augment your current efforts. From flyers and folders to corp orate swagger (t-shirts, hats, pens, etc.) there are many things that the company can share with your employees if you just ask. Invite your employee benefits rep to an annual health and wellness fair for even more fun. 8. Conduct Regular Analysis of Employee Benefit Usage As a standard practice, all employee benefits plan managers need to be evaluating the use of benefits as they pertain to employees. There are some benefits that are not worth offering because employees simply do not use them. Conduct a survey at the start of each year asking what benefits are most desired and what are never used. Eliminate those that are no longer needed and replace them with something better. 9. Turn Employees Into Brand and Benefit Ambassadors Every year, especially before open enrollment periods, its time to get the entire workforce excited about benefits. Gather a committee of brand ambassadors who can share their experience with using the benefits, how claims were handled, information about l ocal health care centers, and the discounts your company offers. Ask them to encourage their peers to participate in this years enrollment, and to share on company review sites how generous your company is. 10. Make Benefits Marketing a Year-Round Effort While you may be reading this article now and thinking about a few ways to boost the marketing of your employee benefits, this isnt something that should just happen once in a while. Companies that have a reputation for taking good care of employees get there by marketing and promoting their benefits all year long. Create a compensation statement that can be downloaded by employees at an time. Remind employees to connect with the HR office anytime they have a question or need benefit support. These efforts can help your company stand out as a leader in terms of compensation and benefits.

Things You Should Know About Data Analyst Resume Sample

Things You Should Know About Data Analyst Resume Sample Whispered Data Analyst Resume Sample Secrets Employers generally have plenty of resumes to check through, and they prefer short resumes they can receive all the info they have to know at quick glance. In case you have any questions or comments about how to compose a professional resume for a data analyst, dont hesitate to comment below. It is possible to also see resumes may be found online. Ruthless Data Analyst Resume Sample Strategies Exploited Lots of people have never been officially known as a Business Analyst. When you have Customer Support as your job title, you are more inclined to find customer support positions. Without a Data Analyst, a business wouldnt be able to comprehend whats successful and whats unsuccessful moving forward. Get the Scoop on Data Analyst Resume Sample Before Youre Too Late Its possible for you to set the skills on top, beneath your executive summary, or you could put them below your e xperience. Bear in mind that each and every job is unique, so you need to research what skills a particular employer will be searching for. So treasure your time if you receive a BA job. So its better that whenever youre asking for a new job, go through the work description every time. Want to Know More About Data Analyst Resume Sample? Knowing about changes in business strategies, company objectives, and current events are all methods to demonstrate that youve got business savvy along with technical chops. Although it can be daunting, networking is an excellent means to learn about new opportunities. You would like your name to be noticed, and you are interested in getting the content to be the smallest. For you to be able to spot solutions for a company, you want to both know and understand the recent applications that are used. Ruthless Data Analyst Resume Sample Strategies Exploited Hiring managers read career objectives all of the moment, and its simple for them to se e through unusually complicated sentence structures and vocabulary. Analysts will need to possess a lot of critical reasoning skills to have the ability to understand all elements of a company to harness its potentials to their maximum benefits. Business analysts work to create a shared comprehension of difficulties, outline the parameters of the undertaking, and determine prospective solutions. The Hidden Treasure of Data Analyst Resume Sample The next section work experience is important for detailing your work history. If youve got an especially long work history that makes it tough to fit it on a single page, two might be used instead. Start by choosing which sections you would like to include. The expert profile section is readily the MOST important section your whole BA resume. Hearsay, Deception and Data Analyst Resume Sample Therefore, if you do have lots of work experience You DONT need to give much detail here. Youre likely to have to excel at planning out the re ach of work, giving direction to the kollektiv in addition to keeping everyone motivated and on track to fulfill the objectives. Bear in mind, your resume is only going to receive a few seconds attention, at best Lots of people believe they must incorporate all their work history onto their resume, regardless of what their work history includes. The Foolproof Data Analyst Resume Sample Strategy Its therefore important that analysts ought to be in a position to work independently. A business analyst has to be a superb communicator. He acts as a consultant to managers and the advisor for the development team, so you need to be prepared to be asked any number of questions on the business. He uses modeling tools to document the current state of business processes as well as the desired future state. The work description also has consulting with clients on the best way to efficiently utilize technology in supporting the small business. A resume summary is a brief elevator pitch a t the launch of a resume for a business analyst. Keep reading to learn the huge data a hiring manager would like to see. You need to reveal the hiring manager you could give them what they want.

Custom Resume Writing 3rd Person Help!

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