Benefits

With attrition levels well above the norm in many sectors, employee total rewards are coming into their own. “Three to five years ago, total rewards still meant compensation for most people, maybe with a couple of bells and whistles attached. Today, total rewards include greater focus on health and well-being, culture and the values of…

1. Target Loss Ratio (TLR) The Target Loss Ratio is the percentage of every dollar your insurance carrier expects to pay out in the form of claims for experience-rated benefits (typically short-term disability, health and dental). The difference between the TLR and 100% represents the carrier’s expenses for managing your program. For example: If your…