Biosimilar Market Trends
A decade after the first biosimilar approval, these medications are still gaining approval from the U.S. Food and Drug Administration (FDA) and entering the market each year. Biosimilars are the most cost-efficient type of biologic medication, and they are safe and effective for treating many illnesses. Not only do these drugs have the potential to offer significant savings to the health care system, but they also increase patient access to medications and specialty treatments that their insurance may not have previously covered.
Benefits Breakdown May
1 in 4 Workers Unaware of Mental Health Benefits. An annual survey by the National Alliance on Mental Illness (NAMI) found that 1 in 4 workers are unaware whether their employers offer mental health benefits, employee assistance programs, flexible work arrangements or sick days for mental health. Only half understand how to access these benefits through their employer-sponsored health insurance. NAMI found that, similar to last year’s findings, only about a fifth of employees have received training on mental health conditions or symptoms, despite more than three-quarters expressing interest in learning about mental health benefits and receiving general education about mental health. Furthermore, this report demonstrates that stigma and judgment surrounding mental health persist in many workplaces. NAMI data shows that more than half of employees are comfortable discussing their mental health with a close friend or manager, while only 39% would feel comfortable discussing their mental health with HR.
⚕Mental Health Care Benefits Strategies⚕
In today’s work environment, employees are increasingly grappling with common mental health challenges such as burnout, stress and anxiety, as well as other diagnosable mental health disorders and conditions. These issues not only affect personal well-being but also impact workplace productivity and morale. While creating a healthy workplace culture, equipping managers to support workers and expanding awareness of mental health can help overcome these challenges, benefits offerings also play a key role in addressing the mental health needs of employees.
Career Elevator: The Importance of Peer-to-Peer Praise (November)
Fostering a positive and supportive workplace culture is more crucial than ever. One of the most effective ways to achieve this is through peer-to-peer praise. Recognizing and appreciating colleagues’ efforts can significantly impact both individual and team performance.
A Workhuman survey found that 41% of employees want to be recognized by a peer,surpassing those who want to be recognized by their managers.
Career Elevator: How to Be a Better Listener at Work (October)
In today’s fast-paced work environment, effective communication is more important than ever. One of the most crucial aspects of communication is listening. Being a good listener at work enhances communication, builds stronger relationships and boosts productivity by ensuring messages are accurately received and understood. It also reduces conflicts and encourages open dialogue, leading to a more positive and collaborative work environment.
Career Elevator: Enhancing Your Workplace Value (September)
In today’s dynamic and competitive job market, demonstrating and elevating your workplace value is essential for career growth and job satisfaction. Whether seeking a promotion or simply looking to solidify your position within your company, focusing on your workplace value can help you achieve your professional goals.
Career Elevator: Companies Seek Employees With a Strong Work Ethic (August)
A new survey by HR management company ADP revealed that “a strong work ethic” is the top skill companies are looking for in new hires, but it’s the hardest to find. This research further validates the importance of soft skills in the workplace and how these behavioral skills can give job seekers a competitive edge.
Career Elevator: Time Management Tips to Boost Productivity (July)
Effective time management is crucial for enhancing productivity and achieving career success in today’s fast-paced work environment. As workers juggle multiple responsibilities and deadlines, mastering the art of managing time can transform their professional lives. However, staying on track and focused can be especially hard given daily distractions in workspaces.
Career Elevator: Understanding the Difference Between Upskilling and Reskilling (June)
In today’s rapidly evolving job market, the terms “upskilling” and “reskilling” are becoming increasingly common. While they both involve enhancing one’s skills, they serve different purposes and require distinct approaches. For employees navigating their career paths, understanding the difference between upskilling and reskilling is crucial for making informed decisions about professional development.
Career Elevator: 6 Soft Skills That AI Can’t Replace (May)
Generative artificial intelligence (AI) continues to shape today’s workplaces, often making learning technical and hard skills easier. However, soft skills can’t be outsourced to AI. Soft skills are important for everyday life and can help drive your career development and growth.
Client and Employee Resources
The more your employees understand your benefit plans the more they become educated, empowered consumers. The programs you provide will also gain an enhanced value.
As your strategic partners in employee benefits, we can provide multiple avenues of ongoing support, including:
- Employee Meetings (English and Spanish)
- Webcasts
- Payroll Stuffers
- Poster Campaigns
- Newsletters
Carrier Directories
E-Verify is a web-based system that allows enrolled employers to confirm the eligibility of their employees to work in the United States. Click the image below to begin.
