April 2, 2013 marks National Employee Benefits Day.
The day is set aside to acknowledge trustees, administrators, corporate benefits practitioners and professional advisers for their dedication in providing quality benefits and the important role they play in their colleagues' well-being.
This day is in collaboration with the efforts of the International Foundation of Employee Benefits,a nonprofit organization, dedicated to being a leading objective and independent global source of employee benefits, compensation and financial literacy education and information.
According to their official website "The Foundation delivers education, information and research, and networking opportunities to thousands of benefits and compensation professionals who have come to rely on it for objective, accurate, and timely information."
The creation of National Employee Benefits Day this year is centered around the need for education and information regarding the implementation of the Affordable Care Act.
"Healthcare benefits play a big part in employee satisfaction and retention, though many organizations do not see the importance", according to a recent study conducted my Metlife.
According to Heartmath.com "More than three-quarters of employees who say they have good healthcare benefits also report high job satisfaction, and 71 percent of those workers are loyal to their employers. Conversely, only about one-fourth of staff members who are dissatisfied with their benefits are happy and loyal to their organization."
The IFEB will unveil their ACA, Affordable Care Act University on April 2 to help provide businesses, administrators, benefits managers, and benefit providers the information they need to accurately navigate the changes put in force with the Affordable Care Act and to be able to make the right decisions for both their businesses and for their employees.
ACA University is a virtual learning tool that offers live Webcasts, Q&A with industry experts, podcasts, and recorded conference sessions.
The foundation is encouraging members to use the day to evaluate their employee benefit offerings and to take time to educate their employees on the valuable benefits being offered.
Every business is affected by health care reform in some way. The Affordable Care Act requires each and every American to obtain major medical health insurance or face a tax penalty starting in 2014.
Businesses, administrators, and employees are all left wondering what to do next. With the tools and knowledge necessary to make the right choices the transition through health care reform can be a smooth one for all.
National Employee Benefits Day and ACA will provide answers for you and for your employees.