In the last few years, there’s been a lot of publicity about the fast-growing crime of identity theft. More than half happen in the workplace. Benefits and compensation files are the most vulnerable targets.
Benefits managers are busy people. Sometimes it’s tempting to deal with more pressing tasks rather than answering routine employee requests for benefits information.
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You can’t always trust 401(k) vendors to automatically get all the details right in their plan documents.
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Whenever a company switches benefit plan carriers, there’s always the potential for unexpected problems during the changeover. One common glitch: some employees enrolled in the old plan fall through the cracks when transferring to the new carrier.
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Total compensation statements are a proven way to show employees the firm invests a lot more in them than just their salaries. But be careful.
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