Employee Benefits (CONT’D FROM PAGE 26)
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even give people more time off.” When there are budget limitations, Haslam suggests employers look at the programs already in place for un- derutilized perks. “For example, many medical carriers of- fer expended mental health solutions, or programs for tar- get conditions such as weight loss or diabetes,” she said. “And make sure that employees understand everything of- fered in your current programs. Engage in communication all year long, not just at renewal time. And use different methods of communication. These can include written no- tices, videos and audios. Everyone learns differently.” One possible tool for reducing the benefits bill: so- called “voluntary benefits.” In these arrangements, em- ployees can select from a menu of benefits that their em- ployer does not normally offer. While the employee pays 100 percent of the bill, the premiums are reduced because the employer has arranged for a group policy. Among the benefits commonly found in the voluntary mix are insur- ance for life, supplemental disability, and auto and home. “Voluntary benefits allow employees to pick and choose what's important to them,” said Stich. “The person who may not care about accidental death and dismemberment insurance, for example, may want pet insurance.” While voluntary benefits can play a role in the employ- er mix, the fact remains that benefits are expensive and not likely to get any cheaper. Many times, said Winans, the best the employer can do is identify the most egregious gaps, track down the most impactful programs, and bud- get for the greatest payback. “Designing an effective ben- efits package is like playing a game of chess,” said Winans. “Employers need to think strategically about how to invest dollars in the right vehicles.”
THE HAIRE GROUP www.hairegroup.com
Haire Group is the premier provider of new machinery for the corrugated industry. From the Apstar line of flexo folder gluers and rotary die cutters, the Encore line of flexo folder gluers and rotary die cutters, and the Engico flexo folder glu- er, Haire is able to pair clients with the best machinery solu- tions for the best value to meet their needs. Haire Group’s service department helps its customers maximize uptime and profitability through superior 24/7 service and support, a pre-install training center, and over a million dollars’ worth of spare parts at their offices just outside of Chicago. Haire Group has been the industry’s #1 pre-owned machinery bro- ker and plant equipment appraiser since 1976. HarperLove is the leading provider of specialty adhesives, performance additives, and wet-strength resins to corru- gated packaging manufacturers. With the largest and most experienced field service and technical support team posi- tioned throughout the U.S. and Latin America, HarperLove has a long-standing reputation for providing outstanding service and delivering demonstrable performance improve- ments. HarperLove’s renowned services include not only innovative product development and custom product for- mulation, but also machine and process assessments, ad- hesive formula adjustments, machine tuning, detailed ser- vice reporting, and more. HARPERLOVE www.HarperLove.com Kernic Systems has been a leading global provider of re- cycling equipment solutions since 1978. For over 40 years, Kernic Systems has provided balers, air conveying and dust collection systems, shredders, industrial vacuums, and re- cycling equipment to a wide range of markets. Today, Ker- nic Systems serves customers with an expanded offering of standard products and custom-engineered systems through three primary business divisions: Recycling Solu- tions, Dust Collection and Air Pollution Control, and Material Handling. Kiwiplan provides state-of-the-art software solutions to cor- rugated, folding carton, plastics and flexible packaging fa- cilities around the globe. Kiwiplan’s Total Solution delivers comprehensive, seamless real-time flow of information from sales order management to dynamic total plant scheduling and inventory control through shipping. With deep manu- facturing and distribution expertise, Kiwiplan knows the specific problems customers face and provides the spe- cialized software they need to adapt, compete, and win in today's rapidly changing world. KERNIC SYSTEMS www.kernicsystems.com KIWIPLAN www.kiwiplan.com
Phillip Perry is an award-winning freelance writer and a regular con- tributor to Board Converting News. His byline has appeared over 3,000 times in the nation's business press. Reach him at linkedin.com/in/phillip- mperry/.
Phillip Perry
Manufacturing PMI Of 48.5 Percent Indicates Growth Of Overall Economy Economic activity in the manufacturing sector contracted in June for the third consecutive month and the 19th time in the last 20 months, say the nation’s supply executives in the latest Manufacturing Institute for Supply Management (ISM) Report On Business. The report was issued by Timothy R. Fiore, CPSM, C.P.M., Chair of the ISM Manufacturing Business Survey Committee: “The U.S. manufacturing sector contracted for the third consecutive month in June, as the Manufacturing PMI
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July 8, 2024
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