Businessolver Blog

Avoid the Benefits Blarney Stone, Don’t Leave Benefits Choice to Luck

Posted by Natalie McLinden on Mar 17, 2016 9:50:13 AM

We’ve all been stuck in a situation where we have had to make a difficult choice. But what was it specifically that made the choice so difficult? Was there too many choices vying for your attention? Did you struggle with coming up with the right criteria on which to base your decision? Maybe you were limited on time, or maybe you weren’t an expert on what you were evaluating, making it difficult to know where to start evaluating at all. Maybe you felt so overwhelmed by all the different options that you even considered just picking blindly.

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Financial Concerns at Home Make the Case for a One-Wallet Employee Benefits Strategy

Posted by Businessolver on Oct 21, 2015 12:25:00 PM

For employees, it’s not news that what happens at home doesn’t necessarily stay at home. As long as people have had jobs, they’ve had to juggle work with the demands of sick children, upheavals in marriages and personal relationships, unbudgeted financial emergencies, and the stress of wondering if they’ll ever be able to retire comfortably.

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How Different Generations Really Differ: It Could Impact How You Offer Benefits

Posted by Businessolver on Oct 5, 2015 12:45:21 PM

For nearly a decade, the Millennial generation has been generally criticized for entering the workplace with a sense of entitlement, lack of focus, poor work ethic, and a need to be tethered to their various devices. However new research shows the truth to be quite different — and HR leaders, benefit specialists, and brokers should pay attention.

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One Wallet: Looking at the Bigger Picture

Posted by Natalie McLinden on Jul 17, 2015 1:23:00 PM

It’s no secret that the world of benefits is evolving. What once started as a simple medical, dental, vision package has evolved to a whole array of options. From HSA’s to FSA’s, HDHP’s, 401(k), voluntary products and wellness programs, benefits offerings are much more complex than what they once were. While this is an advantage to your workforce, it can also be overwhelming when trying to make the right benefit elections.

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Is Too Much Choice Too Much?

Posted by Scott Clarke on Mar 5, 2015 10:00:00 AM

At Businessolver, we pride ourselves on being a learning organization and we are constantly looking at different perspectives and the opinions of a variety of experts. One item that caught our attention was a Ted talk where Barry Schwartz presented “The Paradox of Choice” from his amazing book with the same name. Mr. Schwartz makes several profound comments in this talk that have impacted our approach to benefits administration.

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Do People Want To Shop For Benefits?

Posted by Scott Clarke on Feb 25, 2015 12:42:52 PM

Businessolver develops benefits administration software and has been around for over 16 years. Over our tenure we have learned many things through research, data analysis, observing trends and behaviors. One of the things we have learned is that people do NOT want to shop for benefits. How can we be so sure? Let’s take a look at the data.

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Challenging Conventional Wisdom

Posted by Natalie McLinden on Feb 17, 2015 12:02:06 PM

Conventional wisdoms are ideas or explanations generally accepted as true by the public or by experts in a field. Sometimes they’re backed up by research and facts, and other times they’re just so well known that the research is assumed. Often they become so widely accepted that they can start to become an obstacle to the acceptance of newly acquired information. But in reality, circumstances change, we learn new things and evolve.

You have two choices: to hang onto old ideas, even if they grow outdated, or challenge them with current circumstances to see if they still hold true.

We went with the challenge.

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Purchasing Insurance is an Irrational Buying Decision

Posted by Scott Clarke on Feb 2, 2015 1:12:00 PM

Most of us think of ourselves as rationale human beings, capable of making decisions based on facts and data. And in many areas of life, that may be true. But buying insurance is not one of them. Through our research at Businessolver, we have uncovered a wealth of evidence that the processs is very emotional.

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