A) Ishwell Inc. is a growing company that just hired its 30th employee. Up until this point, they have offered single-coverage benefits to all full-time employees. They do not have a group plan, but rather they have purchased individual plans for each employee who needs insurance. The average age is 41, the average length of service is 5 years, the average salary is $75,000, and 70% of their workforce is women, and of those in the plan 60% of them are also covered under a spousal plan. They can decline applying for coverage if they wish. They are ready to consider adding a group plan. Using your HR knowledge, please respond to the following questions: Discuss whether or not Ishwell should move to a group plan?

A) Ishwell Inc. is a growing company that just hired its 30th employee. Up until this point, they have offered single-coverage benefits to all full-time employees. They do not have a group plan, but rather they have purchased individual plans for each employee who needs insurance. The average age is 41, the average length of service is 5 years, the average salary is $75,000, and 70% of their workforce is women, and of those in the plan 60% of them are also covered under a spousal plan. They can decline applying for coverage if they wish. They are ready to consider adding a group plan. Using your HR knowledge, please respond to the following questions: Discuss whether or not Ishwell should move to a group plan?

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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