September 30, 2011

HR Fact Friday: Communication is Key to Effective Management

Filed under: Benefits — Tags: , , , — Paul @ 6:00 am

How would it feel if you knew business was slow and your boss was in closed door meetings all day and didn’t make eye contact much less say hello, good night or anything in between to you all day long, day after day? Would you feel secure, appreciated and valued as an employee? Of course not.

Simple, sincere and brief acknowledgement from managers asking employees about this or that project or how their six year old is doing in kindergarten goes a long way to improving staff morale and productivity. Effective communication is what causes employees to feel valued and respected as a professional and as an individual on a daily basis.

The worst thing senior management can do when sales are down and the economy is challenging is to bury their heads in the sand and not engage with the staff. This is the fastest way to get the rumor mill going and cause employees to feel edgy and insecure.

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August 21, 2009

HR Fact Friday: COBRA Enrollment Doubles After Launch of Subsidy Program

Filed under: COBRA — Tags: , , , , , — Paul @ 6:54 am

Enrollments in COBRA (health continuation coverage) rose from less than 20% to nearly 40%  since the U.S. government enacted a new subsidy program, according to a report by Hewitt Associates, a consulting firm.

Signed into law in February 2009, the American Recovery and Reinvestment Act of 2009 (ARRA) provides for a 65% subsidy for COBRA continuation premiums for up to 9 months for workers who have been involuntarily terminated. To qualify for the subsidy, individuals must have a qualifying event for COBRA coverage that is the employee’s involuntary termination during the period beginning September 1, 2008 and ending December 31, 2009.

Hewitt looked at COBRA enrollment activity for 200 large employers both before and after the enactment of the program. From March 2009 to June 2009, monthly COBRA enrollment rates for Americans eligible for the subsidy averaged 38%, up from 19% for the period of September 2008 through February 2009.

Hewitt estimates that without the subsidy, the average worker would spend $8,800 a year in COBRA healthcare costs. With the subsidy, the average worker would spend about $3,000 a year.

Source: HR.BLR.com 8/19/2009

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