{"id":3071,"date":"2009-07-30T14:35:02","date_gmt":"2009-07-30T18:35:02","guid":{"rendered":"https:\/\/biznews.fiu.edu\/?p=3071"},"modified":"2017-11-13T12:10:48","modified_gmt":"2017-11-13T17:10:48","slug":"health-care-reform-presents-challenges-offers-opportunities-to-local-business","status":"publish","type":"post","link":"https:\/\/biznews.fiu.edu\/2009\/07\/health-care-reform-presents-challenges-offers-opportunities-to-local-business\/","title":{"rendered":"Health care reform presents challenges, offers opportunities to local business."},"content":{"rendered":"

Small business owner Basil Bernard<\/strong> (EMBA \u201905), president of Apricot Office Supplies & Furniture Inc.\/Office Furniture USA, wants to attract the best possible employees and knows that \u201cgarnering good talent means meeting their expectation that they will be well compensated. Health insurance is part of that.\u201d<\/p>\n

\"Basil
Basil Bernard<\/figcaption><\/figure>\n

Academic research bears out Bernard\u2019s perception about the importance of compensation beyond salaries according to Meredith Burnett<\/strong>, who teaches human resources management courses in the College of Business Administration at Florida International University (FIU). Over a four-year period, she collected data on senior management students at University of Maryland, Morgan State University, North Carolina Agricultural and Technical State University and FIU, then followed up with them a year later, after they\u2019d joined the workforce.<\/p>\n

Health benefits tied to health of companies.<\/em><\/p>\n

\"Meredith
Meredith Burnett<\/figcaption><\/figure>\n

\u201cAmong many questions, we asked about such benefits as retirement plans, signing bonuses, stock options, profit sharing and reimbursement for moving expenses,\u201d said Burnett, whose research has yielded two publications with a third underway, all written with two colleagues. \u201cWe found that the degree to which people were satisfied with the value and number of the benefits they received was associated with the depth of their commitment to the organization.\u201d<\/p>\n

Yet, at a time when the recession has put more potential employees on the market, the skyrocketing cost of health insurance has diminished the ability of potential employers to offer the kind of generous benefits capable workers want. That\u2019s part of why Bernard is watching the current health reform efforts closely.<\/p>\n

\u201cIt\u2019s just chatter now, until decisions are made,\u201d said Bernard, who serves on the college\u2019s Executive MBA<\/a> Advisory Board and was recently interviewed by The Miami Herald<\/em> on the subject. \u201cHealth insurance can\u2019t be a political football because people\u2019s lives are at stake, but no matter the specifics, the legislation has to rein in costs.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Small business owner Basil Bernard (EMBA \u201905), president of Apricot Office Supplies & Furniture Inc.\/Office Furniture USA, wants to attract the best possible employees and knows that \u201cgarnering good talent means meeting their expectation that they will be well compensated. Health insurance is part of that.\u201d Academic research bears out Bernard\u2019s perception about the importance […]<\/p>\n","protected":false},"author":71,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3,4],"tags":[222,764,828,1126,1861,2559],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/3071"}],"collection":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/users\/71"}],"replies":[{"embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/comments?post=3071"}],"version-history":[{"count":3,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/3071\/revisions"}],"predecessor-version":[{"id":29704,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/3071\/revisions\/29704"}],"wp:attachment":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/media?parent=3071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/categories?post=3071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/tags?post=3071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}