Tag: Benefits
New research from CUPA-HR shows that higher education institutions are in the midst of a talent crisis, as many staff, professionals and administrators are considering other employment opportunities due to dissatisfaction with their pay, their opportunities for advancement, their institutions’ remote and flex work policies, and more. The newly published research report, The CUPA-HR 2022... View Article
The global health pandemic has reshaped where, how and when we do our work. Many employers are beginning to accept that remote work is not just a temporary work arrangement, but a long-term solution for employees whose job function can be completed outside a traditional office setting. These are just a few points for HR... View Article
According to findings from CUPA-HR’s Benefits in Higher Education Report — Paid Time Off, Tuition Reimbursement, and Retirement, associate’s institutions have some of the most generous retirement benefits in comparison to doctoral, masters or baccalaureate institutions. The 403(b) plan is the most popular retirement plan for both private institutions (where 92 percent offer it) and... View Article
Well-being is made up of more than physical health. Mental, emotional, even financial health all play into well-being, and an imbalance in any one of these components among the higher ed workforce could cause a wrinkle in daily operations and interrupt productivity. So how are higher ed institutions providing employees with programs and resources to... View Article
Since the passage of the Patient Protection and Affordable Care Act (PPACA, better known as ACA or Obamacare), the design and administration of employee health insurance is less left to the institution and more mandated by the federal government. There are some flexibilities still to be enjoyed with regard to plan design, premium structure, etc.,... View Article
Higher education has traditionally paid lower wages for like jobs than have private sector employers. However, salary is not the only factor that can make a position attractive to prospective candidates. In addition to offering the more standard non-health insurance benefits such as short- and long-term disability, life insurance, home and auto insurance and wellness... View Article
The Patient Protection and Affordable Care Act, commonly known as PPACA or ACA, is the most profound and far-reaching federal mandate impacting health benefits for all Americans to date. The ACA increases access to health insurance coverage, expands federal private health insurance market requirements and requires the creation of health insurance exchanges to provide individuals... View Article
Organizations are increasingly deferring to Medicare and Medicare supplemental plans to provide health insurance for their retirees. The Early Retiree Health Re-Insurance Program, created by the Affordable Care Act, provides reimbursement to participating employment-based plans for a portion of the costs of health benefits for early retirees and their spouses, surviving spouses and dependents. Institutional... View Article
Early and phased retirement programs have become especially popular in the past few years in both the public and private sectors. As economic constraints on organizations worsened, programs to reduce costs became imperative. Since the human resource is one of the costliest elements of a budget, RIFs, furloughs and retirement incentives became a partial solution... View Article
Supplemental retirement plans and group supplemental retirement plans provide tax-deferred savings and allow employees to put away more for retirement beyond the basic retirement plan an employer offers. While the details of different tax-deferred plans vary, they all work the same way: money goes straight from an employee’s paycheck to an investment account, reducing current income taxes. Potential investment earnings won’t... View Article
Many businesses and institutions are developing workplace wellness programs to combat the growing number of “lifestyle diseases” such as diabetes, high cholesterol and obesity. In addition to the positive effects of a wellness program on individual health, the employer benefits include reduced group insurance claims, improved employee performance and greater employee attendance. These programs target... View Article