"Employers can reduce benefits expenses while simultaneously boosting employee engagement by implementing cost-effective and impactful benefits strategies," says Leia Spoor, clinical director of employee benefits of Holmes Murphy.
While 9 in 10 of leaders consider their performance management processes successful and constructive, only about half (55%) of employees feel similarly.
Employers may be hearing rumblings that it's time to move on from the legacy PBMs in light of government inquiry and an employee-brought lawsuit. Here's how to know when it's time to move on—and what to look for in a new pharmacy benefits solution.
Leaving a "problem" employee undisciplined can lead to significant cultural problems in the workplace and have detrimental effects on business operations, but strategies can be utilized to help mitigate risk while achieving business interests.