If you have more than 50 employees, consider partial self-funding. CIMA has helped a number of clients establish partially self-funded benefit plans. To date, not a single client has chosen to go back to traditional, fully-insured plans. If you have at least 50 employees, there are a number of advantages to the partially self-funded approach, and risks can be minimized. Our Employee Benefits Department staff will be happy to discuss all the strategies available to you as you seek to provide benefits employees value, at a cost that is acceptable to you.
Employee turnover represents a loss of assets - an uncovered loss.
Depending on the employee, and his or her knowledge, experience and value to customers, the loss can be worse than a fire, injury or smashed vehicle. In a tight employment market, the stakes are high. Every employee's motivations to stay with an organization or leave are different, but it is important to try to understand those motivations. A recent study by Developmental Dimensions International of Bridgeville, PA, reported in Knowledge Management magazine, found that employees' motivations can be quite different from what human resources professionals commonly assume. This item was not among the top five factors that HR managers assumed were most important to employees.