April 2014 Monthly Newsletter
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Big news in the insurance industry: The Guardian Life Insurance Company of America has officially agreed to purchase Sacramento-based Premier Access Insurance Company. Many of you have plans with Premier Access, and we want to assure you all current contracts are guaranteed and still in force and will be for the forseeable future. There is no cause for concern; please contact your account manager if you have any questions. This Tuesday I had the privilege of speaking at the Sacramento Employer Advisory Council's spring workshop. It was a fantastic opportunity for Benefits Done Right to speak with area CEOs, CFO, and human resource professionals about the importance of corporate culture, innovative new plan ideas, using choice architecture to influence decision-making, and how technological developments have impacted the benefits landscape. Some intriguing points to think about that were discussed during the presentation:
- Company culture is often a major factor in attracting and retaining top talent
- "Skinny" plans are very aggressive but could help employers meet compliance standards while still providing affordable options for lower wage organizations
- In the "carrot vs. stick" analogy, the "stick" is actually often more effective
- Going "green" is easier now with fully- and partially-integrated payroll, time and attendance, HRIS, and enrollment functions
- Payroll solutions now allow you to master compliance issues along with time and attendance modules
Please call or email myself or Gayle with any questions you may have. It's been an interesting ride, and we're ready to tackle what's coming next, whatever that may be. As always, it is a pleasure and a privilege to work with you, and you can count on us to keep you current. Best regards, Laurie Rood, CEO
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