With the US close to full employment, for employees, health benefits could matter more. Many prospective hires are rightly fixated on salary, bonus, growth, and purpose but draw blanks on benefits. "The company offers a few plans and I pay around $1,000 year in premiums" is the usual type of analysis, if at all. Some … Continue reading Putting a Price on Benefits
There are different types of arbitrage. Dictionary.com defines one form as the "the simultaneous purchase and sale of the same securities, commodities or foreign exchange in different markets to profit from unequal prices." Imagine buying gold in Italy in euros and selling it at the same time in New York in dollars. Those differences are short-lived and have transaction costs. Millions of people doing this across different … Continue reading Arbitrage and Healthcare
Over 30 million people in the United States start a new job every year*. We rely on past salary anchoring, asking around, the walls of internal company salary ranges, and sites like Glassdoor, to now know how much others are making in salaries and bonuses. But what about benefits? Often the biggest dollars outside salaries … Continue reading A New Salary Negotiation Tool: Healthcare Benefits
As 2018 sets in, the bull market continues and unemployment remains at historical lows. One question employees will be considering more, especially as they switch jobs: How competitive are my company's benefits? Olavi Group has published a nationwide tool and report on company contributions, plan types, funding strategies, ancillary programs, HSA funding levels, and more. … Continue reading How Competitive Are Your Benefits?
In November 2018 we did a survey on employee benefits. One lesson, people don't really like surveys, even if offered a $50 amazon gift card through a raffle. Below is a summary of the 6 question, 3 minute survey on employees and their benefits: Virtually all respondents listed low premiums as the thing they most appreciated … Continue reading Employees and Their Benefits