Commentary

As regulations and employee expectations of leave management evolve, employers must adapt to stay compliant, efficient and competitive.

When HR teams implement alternatives like convertible PTO, they will improve the financial health of the company and provide employees with the support they need.

It's clear that the modern employee values flexibility and that some form of remote working is here to stay.

Leveraging technology to make business processes more efficient can go a long way to help increase employee engagement.

HR leaders, along with benefits brokers and advisors, play a crucial role in shaping offerings that meet the needs of all employees.

By effectively leveraging ICHRA, brokers can position themselves as strategic partners to their clients, helping them navigate the complex landscape of rising health care costs.

While some of the more objectionable features of the proposed MHPAEA regulations were not finalized, their basic structure remains fully intact, including provisions that employers found most burdensome.

By embracing modern technology, both employers and employees can navigate open enrollment more effectively and maximize the financial advantages of these health savings accounts.