Blog - Trucking
TXTA Conference Recap: Workplace Financial Wellness
Does it ever feel like you're hiring an employee's family when you hire the employee? Like you're getting their positive attributes but sometimes along with their stress? The fact is that you are. When you hire an employee, you get everything that comes along with them. In general, people are stressed, and so that means our employees are stressed regardless of how professionally they act when we see them on the job. The reality is that there's a cost to ignoring this challenge. Then what's the alternative? Employers have the option to provide a very significant opportunity for employees to address their financial lives. Workplace Financial Wellness is a growing type of benefit that is specifically designed to help employees learn to manage their financial lives and thus reduce their stress and anxiety. Read more...
TXTA Conference Recap: How Texas Trucking Companies are Designing 401(k) Plans to Maximize Participation
A company retirement plan is designed to be part of the overall compensation strategy. We can view weekly pay as current pay and retirement contributions as future pay. Offering a retirement plan is probably the greatest opportunity to help employees with preparing for the future. Employers do have a number of available options to encourage participation in their retirement plan. For today, we will focus on the most common type of retirement plan, a 401(k) plan. Read more...
TXTA Conference Recap: Insured Options: High Deductible Health Plans
Where is health care headed? That would be anyone's guess at this point. What we know is that efforts to modify the Affordable Care Act (ACA) so far have failed. It is a massive law, and there has been no consensus on an overall fix. Currently, there is some work under way to try to fix certain provisions both sides can agree on, but we're likely going to have the results of the ACA with us for a long time to come. Read more...
TXTA Conference Recap: Compensation Strategy & Planning
Managing compensation is part of the overall management of a strong corporate culture. What we know is you cannot win on pay alone, and you cannot win without it. We frequently hear from business owners that employees leave to work where the pay rate is perceived as higher and that there is not an appreciation or understanding of all the other things being done as part of their compensation package. Read more...
TXTA Conference Recap: Employee Stress & Financial Health
Your employees are stressed, very likely due to concerns about their financial health. A study by the American Psychological Association found that money is a top source of stress for Americans: "Nearly three-quarters (72%) of adults report feeling stressed about money at least some of the time and nearly one-quarter say that they experience extreme stress about money (22% rate their stress about money during the past month as an 8, 9 or 10 on a 10-point scale)." Read more...