According to the Bureau of Labor Statistics, open positions in the United States reached an all-time high in July of 2017, peaking at 6.17 million available jobs.
Staffing firms are being challenged, more than ever, to find and keep quality candidates to fill open positions.
New research by Essential StaffCARE reveals a key indicator of employee interest, attitude
and longevity is the availability of affordable, useable health benefits. In the most comprehensive study of its kind, an analysis of over a half million temporary employees revealed those enrolled in ESC Indemnity plans stayed with their employer 47% longer (3.6 weeks) on average.
Longer tenure translates into bottom line revenue, satisfied clients and motivated employees.
Download the full report here.
The Patient-Centered Outcomes Research Institute (PCORI) trust fund fee is a fee on issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans to help fund related medical research.
Essential StaffCARE has prepared a guide to understanding PCORI fees, which are due by July 31st of each year for the previous tax year. The fee is generally nominal but can be confusing as to how it is calculated and paid.
Please review the guide here.
Over the past few years, we have seen a number of Third-Party Administrators (TPAs) enter the complex and challenging world of the staffing and temporary employment industry. Most administrators have proven to be opportunist with little understanding of the unique needs and concerns of the staffing industry.
As a result, these TPAs are failing their clients with poor administration of benefits and little or no customer service. Under normal circumstances this would be unacceptable, but in an ACA transitioning world, the impact of a TPAs shortcomings in administration or service can have a devastating effect on your bottom line.
Recently ESC has been approached by number of staffing groups that are looking to change MEC programs that are being poorly administered by failing TPAs.
Our experience and innovative spirit has enabled us to build the industry’s only Staffing Specific Administrative Platform (SSAP), and our commitment to our clients’ needs means your employees will experience an easy transition process regardless of future changes to the ACA.
As the largest provider of health insurance and benefits in the staffing industry, ESC provides over 1,500 staffing clients with unparalleled administrative and customer service.
If your current plan administrator is letting you down, call us today to learn how ESC’s Staffing Specific Administrative Platform can work for you!
