As Time Warner and IBM join the growing list of companies that plan to stop offering health insurance benefits to retirees, one workplace expert suggests that the moves are simply the first steps in eliminating health insurance from the corporate balance sheet for all employees; former and current.
This week, Kate Middleton and Prince William's much anticipated and oft discussed pregnancy ended with a baby boy. Prince William will take a 2 weeks paid paternity leave from the Royal Air Force, sparking debates worldwide about paternity policies. For companies, determining whether you must offer paternity, possibly due to federal or state regulations, or want to offer it as a benefit for retention and recruitment purposes is important.
Does your company have a paternity policy? Is it similar to maternity leave? Is it offered consistently across all levels of the company?
Despite the potential for increased costs and more regulatory red tape, 82 percent of companies recently surveyed by global outplacement consultancy Challenger, Gray & Christmas, Inc. plan to continue providing health care coverage to their workers when the employee mandate provision of the Affordable Care Act goes into effect on January 1, 2014.
Challenger focused on telecommuting trends, specifically the announcements by Yahoo and Best Buy to suspend that option, bad leadership, and companies' response to the Affordable Care Act at this year's SHRM conference held in Chicago.