Human Capital Management Blog

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It's lonely in HR. Never fear! Benetech's team of seasoned experts provides the wisdom, technology insights, and healthcare regulatory updates that keep under-staffed and over-tasked HR departments informed, in compliance, and running lean!

By: Jason Barnes

February 1st, 2018

What’s the Difference Between HR and HCM Technology?

Performance Management | Human Capital Management

In war, the victor’s write the history textbook. In marketing, those with the bigger marketing budgets define the industry terms. Human Capital Management (HCM) is indeed something new that businesses need, and HR Tech companies are expanding their technologies to help businesses put HCM strategies into practice. But the average mid-market business owner doesn’t know what HCM is, and technology companies don’t have time to educate them. Therefore, in marketing the term HCM often comes with a parenthetical message (Hey, we’re still talking about payroll, and time-tracking, and all the daily HR stuff you are familiar with). Because of this, HCM technology gets put in a box of “HR Streamlining technology” or "a full workforce management suite." But those are severely deficient definitions. More than just a suite that simplifies daily HR and personnel management, true HCM technology helps organizations begin the journey of applying the science of HCM in their organizations.

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By: Matt Ingold

January 25th, 2018

What is Human Capital Management? Learn with an Example.

HR Best Practices | Human Capital Management

Human Capital Management (HCM) is one of those nebulous terms in the talent management conversation. Is it competency management? Is it recruiting and succession planning? Is it streamlining the daily HR tasks essential to organizational survival?

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By: Marissa Dalmata

December 29th, 2017

ACA 1095-C Furnishing Deadline Extended for 2017 Reporting

1095-C | Healthcare Compliance

On December 22, 2017, the IRS issued notice 2018-06 to:

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By: Matt Ingold

December 21st, 2017

6 Steps to Finding the Right Health Plan for You

Healthcare | HR Best Practices

Selecting the best health plan is no longer about picking the lowest copays and deductible. Sure that is the hope, but those added benefits come with a cost. Depending on your utilization, buying up to a richer plan may give some added peace of mind and cash-flow stability, but ultimately cost more than a plan with a higher deductible, lower premium, and more out-of-pocket expense. When it comes to selecting the best health plan for you and your family, meaning the plan that provides the greatest personal value at the lowest cost and risk, it helps to first quantify your liabilities. Here are six steps to help you assess you and your family's health expense liability and make an informed decision when selecting health coverage.

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3 Most Common Mistake Employers Make When Offering Benefits

Mistakes are expensive, especially when building benefit plans.

We've outlined the 3 most common mistakes employers make when offering benefits in a quick ebook. Get your copy free when you subscribe to our blog.

By: Matt Ingold

November 15th, 2017

NY Employers' Biggest Concern with Paid Family Leave

Healthcare Compliance | NY Paid Family Leave

In his recent legal update to the Capital Region Human Resources Association, nationally acclaimed labor attorney, John Bagyi, shared a number of regulatory topics impacting employers across NY State. He saved the best for last: New York Paid Family Leave. Regarding the dynamic nature of the regulation, which goes into effect on January 1, 2018, Bagyi remarks, “There is a lot of inconsistent information still coming out…it’s going to be a bumpy road. This is one of those policies I would write in pencil.”

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By: Marissa Dalmata

October 10th, 2017

What Employers Need to Know About the 2017 1095/1094-C

1095-C | Healthcare Compliance

On September 28, 2017, the IRS released the new forms 1095-C and 1094-C to be used for mandatory 2017 reporting.  The 1095-C and 1094-C are used by Applicable Large Employer groups under the Affordable Care Act to fulfill IRS Code Section 6055 and 6056 reporting requirements. In laymans terms, they communicate: To whom did you offer health benefits? Was it affordable? Did it provide minimum value? Unless you're a new ALE in 2017, this should be old-hat by now. Here's what you need to know for 2017.

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By: Matt Ingold

September 27th, 2017

Slight Twist To Consider for 2018 ACA Affordability

Healthcare Compliance

The new ACA affordability rate released by the IRS took a slight twist for 2018—it went down this year. For employers, this means that depending on the affordability safe harbor you are using, you may be contributing more toward employees than in previous years. Of course, in most cases we’re looking at a change in contribution of a few dollars per month. For example, an employer using the W2 safe harbor, when considering a $30,000 salaried employee, will have to pay an additional $3.25/month or $39 annually, should he or she be toeing the affordability line to stay compliant.

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By: John Dalmata

September 5th, 2017

Are High Deductible Plans Hurting Your Wellness ROI?

Healthcare | HR Best Practices

Whether the goal is lowering medical claims, reducing absenteeism, or increasing employee morale, participation will always drive a successful wellness program.

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Before you leave...

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Mistakes are expensive, especially when building benefit plans.

We've outlined the 3 most common mistakes employers make when offering benefits in a quick ebook. Get your copy free when you subscribe to our blog.

Before you leave...

Mistakes are expensive, especially when building benefit plans.

We've outlined the 3 most common mistakes employers make when offering benefits in a quick ebook. Get your copy free when you subscribe to our blog.