PayrollOrg
APRIL 24, 2024
On April 23, the U.S. Department of Labor (DOL) announced a final rule to increase the minimum salary level for the Fair Labor Standards Act “white collar” exemptions.
Workplace Insight
APRIL 24, 2024
While we often view personality as a fixed entity, a new study suggests the COVID-19 pandemic may have left a subtle but enduring mark on some aspects of our personalities. Published in Personality and Social Psychology Bulletin , the research suggests that while significant personality changes weren’t widespread, conscientiousness levels generally increased throughout the pandemic, while extraversion dipped slightly.
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PeopleKeep
APRIL 24, 2024
Some employers must provide a health insurance plan with minimum essential coverage (MEC) to avoid penalties under the Affordable Care Act (ACA) and ensure employees have access to essential healthcare services. In some cases, these employers may consider a type of group plan called a MEC plan. However, simply providing a no-frills MEC plan instead of a more comprehensive health benefit may not be enough to meet the needs of your employees.
Employee Benefits
APRIL 24, 2024
Increasing minimum pension contributions under auto-enrolment from 8% to 12% could result in additional contributions of £10 billion a year in the UK, according to research by Phoenix Group and WPI Economics. The long-term savings and retirement business and economic consultancy’s report Falling behind the curve, which models the cost to employees and the economy of delaying an increase in minimum auto-enrolment pension contributions , also found that for a typical 18-year-old, increasing minimu
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There’s no way around it: sometimes employees need your help. Use this free template to clarify expectations, share resources, and set a timeline. Best case scenario, this process helps them improve. Worst case, your great recordkeeping keeps you compliant even if they move on. Downlady the template today!
Business Management Daily
APRIL 24, 2024
Managers should strive to address performance issues early through coaching and verbal warnings. Hopefully, prompt conversations about underperformance or common issues like tardiness will be enough to nip the issue in the bud, but sometimes a more formal approach is needed. That’s where written warnings can help. If you have an employee who keeps violating company policies or has not heeded past warnings to improve their performance, it’s time to issue a written warning.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
International Foundation of Employee Benefit Plans
APRIL 24, 2024
If you or someone you know is struggling with mental health, dial or text 988 or visit 988lifeline.org for free and confidential support. Isolation caused by the COVID-19 pandemic, increasing academic and social pressures, and traumatic events are contributing to a growing […] The post What Health Plan Sponsors Should Know About the Emerging Mental Health Needs of Youth appeared first on Word on Benefits.
Employee Benefit News
APRIL 24, 2024
By combining human touch and medical expertise in one place, patients diagnosed with cancer are provided with a holistic care team.
InterWest Insurance Services
APRIL 24, 2024
Many companies are leaving themselves exposed to lawsuits for errors and other issues that crop up in their work because they lack professional liability insurance. Traditionally it’s been architects, accountants and lawyers who would purchase this coverage, but with more work like coding, programing and other ventures spawned by technology, the need for this type of protection has grown.
Employee Benefit News
APRIL 24, 2024
Fortune and Great Place to Work analyzed 1.3 million survey responses, ranking the best companies in the U.S.
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Performance reviews are a proactive way to engage with your employees, provide clear communication about expectations, and acknowledge them for their hard work. But getting the right framework and creating consistency across your organization can be tricky. We put together this checklist to help you evaluate your current performance review process and equip managers with the right tools to perform individual assessments.
Workplace Insight
APRIL 24, 2024
Prime office rents in major cities around the world have risen 1.1 percent in the past year (Q1 2023 to Q1 2024) while tenants’ ‘all-in’ net effective costs (rent plus fit-out costs) have risen 2.4 percent, according to Savills , as the structural trend towards seeking high quality premium office space continues into 2024. The real estate advisor says that office utilisation (office occupancy) levels have continued to climb as many companies look to encourage employees’ return to the office by i
Employee Benefit News
APRIL 24, 2024
Treating student loan payments as eligible for a 401(k) match will help young employees save for retirement while staying on top of their debt.
Employee Benefits
APRIL 24, 2024
Credit: Shutterstock/Olivier-Le-Moal Need to know: Lifestyling is the optimal solution for defined contribution default strategies. A big trend is to introduce investment in private equity into default funds for young members, to drive returns. The new reporting regime for pension schemes to disclose their investment allocations to UK markets is flawed.
Employee Benefit News
APRIL 24, 2024
The ban prohibits workers from switching jobs within an industry.
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Are you looking for ways to enhance your employee value proposition? Gallagher Better Works SM Insights has got you covered! Dive into the latest magazine issue and discover how flexibility, equity, recognition and strategically applied resources can improve your total rewards package. Download the PDF to learn more about: Building retirement benefits for a global and mobile workforce Promoting employee and organizational growth through succession planning Empowering women in leadership through
Workplace Insight
APRIL 24, 2024
The US Federal Trade Commission (FTC) has dealt a blow to restrictive employment practices by issuing a final rule that bans most noncompete agreements nationwide. This means millions of American workers will soon have more freedom to leave their current employers for jobs with competitors or even start their own businesses. The FTC estimates this change will have a significant positive impact on the economy.
Employee Benefits
APRIL 24, 2024
Earlier this year, Brewdog announced that due to trading losses and financial instability, it will drop its real living wage pledge from April onwards. While many employers will have suffered similar financial difficulties as a result of the cost-of-living crisis, the business’ decision to pull out of the real living wage scheme has been met with substantial backlash given its previous dedication to the cause.
McDermott Will & Emery Employee Benefits
APRIL 24, 2024
During this election year, McDermottPlus is actively monitoring annual regulations that federal agencies are expected to release, as well as “ad hoc” regulations that will be released at the discretion of federal agencies. This chart displays health-related regulations that may be issued this year, organized by federal agency and date of potential release.
Employee Benefits
APRIL 24, 2024
Credit: JHVEPhoto / Shutterstock.com Printer and image product manufacturer Lexmark has completed a £46 million pension buy-in for its UK division’s pension scheme. The deal, which was carried out with insurance and financial services Canada Life and pensions administration, investments and employee benefits provider Broadstone, secures the benefits of all 177 plan members, comprising 93 pensioners and 84 deferred members.
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HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.
Employee Benefit News
APRIL 24, 2024
An employee training expert explains what's missing from organizations' training structures and why it may cost them in the long run.
Employee Benefits
APRIL 24, 2024
Credit: JeanLucIchard / Shutterstock.com BNP Paribas Real Estate has reported a 23% mean hourly ethnicity pay gap for the 2022/2023 year, in its first combined gender and ethnicity pay gap report. The firm’s mean hourly pay rate for white employees was £30.08, while for other ethnic groups it was £23.18. Its median hourly ethnicity pay gap for 2023 was 13%, while its average hourly pay rate for white employees was £24.04 and for other ethnic groups £20.96.
Employee Benefit News
APRIL 24, 2024
The nation's largest business lobby argued that the FTC lacks the authority to issue rules that define unfair methods of competition.
Enjoy Benefits
APRIL 24, 2024
A few months ago we posted about the importance of a great onboarding process to get new employees off on the right foot. As much as new starters are part of company life, leavers are an inevitable feature too. It’s estimated that UK employees will work for six different companies on average during their careers. So offboarding is something that small- and medium-sized businesses will experience many times over.
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As HR and Benefits leaders are in the midst of evaluating cancer care solutions and designing their requirements for vendors, it’s key to know what questions to ask to ensure the development of a truly comprehensive strategy: from prevention to diagnosis to treatment to survivorship. Getting to the right answers starts with asking the right questions: How can better access improve engagement?
BerniePortal
APRIL 24, 2024
Do you use a noncompete agreement at your workplace? According to the Federal Trade Commission (FTC), around 30 million American workers are currently covered by a noncompete. A noncompete agreement is a contract that some organizations require employees to sign, preventing them from working for competitor companies during or after their employment.
Enjoy Benefits
APRIL 24, 2024
Over recent years podcasts have become an invaluable resource for entrepreneurs and business professionals. To save you time scrolling through countless options, we’ve pulled together a list of some of the best in the UK for insightful discussions, expert advice and captivating stories. Whether you’re interested in behavioural science made simple, the remarkable stories of influential CEOs, or how creative people built success out of failure, these 10 great listens offer something for every busi
Workplace Insight
APRIL 24, 2024
A new report published by Dialogue Health Technologies Inc., claims that overall wellbeing is at a low point as people struggle with lifestyle challenges around sleep and physical activity. Wellbeing Report: A benchmark for Canadian health , based on data gathered through Dialogue’s Wellbeing Score benchmarking thousands of people across Canada, is indicative of trends seen across the globe.
HR Digest
APRIL 24, 2024
Crafting a sample termination letter is a critical task in the realm of human resources, serving as the formal notification that outlines the reasons behind an employee’s dismissal and the specifics surrounding their departure from the company. Given its significance, it’s crucial to construct these letters with care to safeguard the company from potential legal repercussions and provide a comprehensive summary of the situation to the departing employee.
Advertiser: Paycor
From welcoming new team members to tough termination decisions, each employment lifecycle phase requires a balance of knowledge, empathy & legal diligence.
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