Employee Benefits Updates provided by Parker, Smith & Feek

What We’re Watching: AI for HR

Automating HR processes with AI provides a multitude of benefits for businesses of all sizes. Our latest article describes how AI can help HR teams to be more efficient and effective.

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The Value of Employer-Sponsored Fertility Coverage

Explore how offering fertility benefits can be a valuable investment for your business and employees. As 1 in 6 people worldwide grapple with infertility, delve into how this support can make a positive impact.

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ChatGPT’s Top 5 Trends Impacting Employee Benefits:
Mental Health (Part 4 of 5)

In the fourth part of our ChatGPT series, learn how stress-related illnesses can reduce productivity, lead to higher healthcare costs, and impact employees’ well-being.

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Prioritizing Mental Health: The Link Between Mental Health and Employers’ Healthcare Expenses

The true cost of mental health goes beyond insurance claims, covering coexisting conditions and lost productivity. Explore the connection between mental health issues, chronic physical conditions, and their financial impact on employers.

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Using Data Analytics to DriveSuccess in Employee Benefits [Part 2]

Data analytics is key to creating cost-effective, employee-focused benefits. Discover how understanding values and leveraging health data drives lower costs, increased satisfaction, and a robust, engaged workforce.

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Using Data Analytics to Drive Success in Employee Benefits [Part 1]

Data analytics are redefining employee health and benefits in the workplace, focusing on personalized programs and efficient cost management. Explore how incorporating employee feedback data can help provide benefits that employees really need and will use.

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Broadening the Talent Pool

A diverse workforce with a wide range of perspectives and experiences leads to better decision-making, innovation, and financial performance. Here’s how companies can ensure they are well-positioned to succeed in the increasingly global and competitive marketplace.

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ChatGPT’s Top 5 Trends Impacting Employee Benefits:
Mental Health (Part 3 of 5)

Telemcedicine offers employees a convenient and cost-effective healthcare solution, reducing costs and boosting productivity. It can also help attract and retain talent. Discover more in our third part of the ChatGPT series.

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How to Manage the Growing Side Hustle Trend

Many employees engage in side hustles for extra income or to pursue passions beyond their main job. It’s important to find a balanced approach that addresses potential distractions while considering both employee and company interests.

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How Reference-Based Pricing Can Help Bring Transparency and Affordability to Healthcare

Reference-based pricing (RBP) is a cost-containment strategy that uses a reference price, such as Medicare rates, to determine reimbursement rates for medical services. RBP can help organizations control healthcare costs and encourage pricing transparency, but it is important to consider all factors before implementation.

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Parker, Smith & Feek is and independent, employee owned, full service insurance broker offering employee benefits, commercial and personal insurance, and surety solutions. Our Employee Benefits Department has been helping clients create and administer valuable benefits programs since 1975.

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