Tag

Employee Benefits

All articles tagged with #employee benefits

business4 days ago•19 min saved

Disney Rolls Back Spousal Health Coverage Amid Rising Medical Costs

Disney will narrow spouses’ eligibility for Disney-sponsored health plans starting in 2027 if they can obtain coverage through their own employer, with children’s coverage and vision/dental plans staying the same. The move mirrors a broader corporate response to rising healthcare costs, including an 11% projected cost rise for 2027 and higher per-employee spend driven by drug costs, affecting about 160,000 Cast Members and reflecting trends seen at other large employers.

via The Hollywood Reporter|

#business #corporate-benefits #disney

business7 days ago•4 min saved

Disney trims spousal health coverage amid rising costs

Disney will stop offering medical insurance to US employees' spouses who have access to their own employer coverage starting next year, as part of cost-cutting amid rising healthcare costs; the policy excludes spouses who are unemployed or lack such coverage and does not affect dental or vision benefits, reflecting a broader trend of employers trimming benefits to manage costs.

via Business Insider|

#business #cost-cutting #disney

business7 days ago•4 min saved

Disney Bets on Ownership: New Employee Stock Purchase Plan Amid Health-Plan Shakeup

Disney plans to roll out an Employee Stock Purchase Plan in 2027 (pending approvals) to boost employee ownership and retention, amid changes to most medical plans that require active re-enrollment next year and rising healthcare costs. The company has also cut some stock-based incentives after layoffs, and experts say ESPPs can enhance commitment when stock performance is flat, though benefits depend on stock prospects and tax considerations.

via Business Insider|

#business #disney #employee-benefits

business21 days ago•8 min saved

Starbucks Cuts GLP-1 Coverage for Weight Loss as Costs Rise

Starbucks will stop covering GLP-1 weight-loss medications under its health plans for benefits-eligible employees starting in October, though the drugs may still be covered for other conditions; the change reflects a broader trend of employers reining in GLP-1 costs as healthcare bills rise, with some companies ending weight-loss coverage (Allina Health, PwC) while others continue substantial GLP-1 spending (Bank of America).

via businessinsider.com|

#business #employee-benefits #glp-1

business3 months ago•2 min saved

Perks Pruned as AI Spending Reshapes U.S. Workplace Benefits

As AI spending and rising health costs bite into budgets, major firms like Deloitte and Zoom are cutting back on benefits (fertility support, 401(k) matches) and other perks. Industry analysts say cost pressures and scrutiny are forcing a shift from pandemic-era perk culture to leaner compensation and benefits, even as the demand for skilled workers keeps talent in focus.

via Axios|

#401k-matching #ai-investments #business

business4 months ago•4 min saved

Big Employers Slash Paid Leave and PTO, Hinting at a Perks Reassessment

Zoom trimmed paid parental leave (birthing parents to 18 weeks, non-birthing to 10) and Deloitte plans to scale back PTO, a pension, and IVF funding for select workers, signaling a broader cost-cutting trend in a tight labor market that could become precedent—even as experts warn cuts may hurt morale and retention if extended.

via Business Insider|

#business #employee-benefits #hr-trends

healthcare6 months ago•2 min saved

Employers test subsidized GLP-1 access through eMed and CVS Caremark

Telehealth company eMed is partnering with CVS Caremark to let employers offer GLP-1 obesity meds to workers via online prescriptions with comprehensive weight-management support; employers can subsidize the drugs to varying degrees, with prices touted as the market’s most cost-effective option. Aon piloted a similar program for its staff, and CVS sees the move as expanding access through its PBM network for up to 30 million Americans. The program combines online cash purchases with secondary coverage to help keep workplace health costs in check, backed by continuous clinical support and monitoring to improve adherence and outcomes.

via Axios|

#employee-benefits #glp-1 #healthcare

business6 months ago•10 min saved

Major Employers Pledge $1,000 Match for Employees' Trump Accounts for Newborns

The Trump Accounts program will deposit $1,000 for each newborn American citizen, and many companies have pledged to match that amount for employees' children (up to $2,500 per year), with some offering extra incentives such as IBM’s additional $1,000 if $4,000 is invested within 24 months; announcements from December through February cover banks, tech, and other sectors.

via Business Insider|

#business #corporate-matching #early-childhood-savings

business7 months ago•2 min saved

Banks pledge $1,000 kickstart for kids' savings

JPMorgan Chase and Bank of America will match the U.S. government's one-time $1,000 contribution to new children’s retirement savings accounts created under a pilot program aimed at narrowing the wealth gap; other large firms like BlackRock, BNY, Robinhood, SoFi and Charles Schwab have also announced similar commitments.

via CNBC|

#banking #business #employee-benefits

business8 months ago•2 min saved

Charles Schwab and Robinhood Offer $1,000 Matches for 'Trump Accounts' Benefiting Employees' Children

Charles Schwab announced it will match the U.S. government's $1,000 contribution to eligible newborn children of its employees, supporting early financial security and literacy for the next generation through the 'Trump Accounts' program.

via About Schwab|

#business #charles-schwab #child-savings

business8 months ago•1 min saved

Texas Roadhouse to Close All 736 Locations for 24 Hours

Texas Roadhouse will close all 736 locations on Christmas Day 2025 to allow staff to celebrate with their families, continuing its tradition of closing on major holidays to give employees time off, while most locations will have reduced hours on Christmas Eve.

via Yahoo|

#business #christmas-day #closure

business9 months ago•2 min saved

Starbucks Union Threatens Strike Over Contract Disputes

Starbucks union workers plan to strike on November 13 at at least 25 U.S. stores unless a labor contract is finalized, amid ongoing disputes over pay, benefits, and working conditions, with the union demanding significant improvements and the company emphasizing its current offerings.

via abcnews.go.com|

#business #employee-benefits #labor-contract

world9 months ago•2 min saved

Starbucks Union Threatens Major Strike Ahead of Holiday Season

Starbucks union workers plan to strike on November 13 at at least 25 U.S. stores unless a new labor contract is agreed upon, amid ongoing disputes over pay, benefits, and working conditions, with the union demanding significant pay increases and changes to store operations.

via AP News|

#employee-benefits #labor-contract #red-cup-day

technology10 months ago•3 min saved

Google Employees Urged to Use Third-Party AI for Health Benefits

Google requires US employees seeking health benefits to opt into a third-party AI tool called Nayya, which accesses their health data; refusal results in loss of benefits, raising privacy concerns among staff.

via Business Insider|

#ai-health-tool #data-privacy #employee-benefits

business11 months ago•2 min saved

Starbucks Announces Store Closures and Severance Packages Amid Turnaround Efforts

Starbucks announced the closure of over 100 stores across North America, resulting in layoffs for retail and non-retail staff. Laid-off employees received severance packages including pay for 60 to 84 hours, a lump sum for health insurance, and some accrued vacation pay, as part of the company's efforts to support affected staff amid its store turnaround plan.

via Business Insider|

#business #employee-benefits #layoffs