Wed.Sep 13, 2023

article thumbnail

PayrollOrg Offers Recommendations on Revised Child Support IWO

PayrollOrg

PayrollOrg’s Government Relations Task Force Child Support Subcommittee commented on the proposed revised Income Withholding for Support Order (IWO).

article thumbnail

District Court Replaces Plan Trustees With Independent Fiduciary

Proskauer's Employee Benefits & Executive Compensa

In Su v. Fensler , No. 22-cv-01030, 2023 WL 5152640 (N.D. Ill. Aug. 10, 2023), the court granted the Department of Labor’s motion for a preliminary injunction to replace with an independent fiduciary the trustees of the United Employee Benefit Fund, who are accused of breaching their fiduciary duties by using Fund assets to engage in prohibited transactions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Will the Mansion House reforms deliver value for employees?

Employee Benefits

Need to know: A raft of proposals have been launched to improve value for money in pension schemes. The government’s big theme is to get more invested in private equity, which should boost the economy. Poorly performing schemes could be forced to merge with better performing schemes. In July, Chancellor of the Exchequer Jeremy Hunt proposed a number of pension reforms in his Mansion House speech, with an overarching focus on value for money for members.

Pension 105
article thumbnail

Tenth Circuit Adopts “Meaningful Benchmark” Pleading Standard in Dismissing Challenges to 401(k) Plan Fees

Proskauer's Employee Benefits & Executive Compensa

In a case of first impression in the Tenth Circuit, the Court recently joined the chorus of circuit courts in holding that a 401(k) plan participant alleging excessive investment management or recordkeeping fees must assert a “meaningful benchmark” in order to survive a motion to dismiss. In addition to rejecting commonly pleaded “benchmarks” because they were not meaningful, the Court’s ruling is of particular significance because, unlike some other courts, it dismissed the participants’ “shar

401(k) 109
article thumbnail

Balancing Cost and Care: 3 Key Considerations for Cost Optimization in 2024

Discover essential strategies for employers to balance cost optimization with care. The Top priorities for employers in 2024 are retaining talent, growing revenue and sales, and attracting talent. To achieve these goals, employers are turning towards comprehensive total rewards strategies informed by data-driven insights. Hear from industry experts on cost optimization strategies and how to leverage these approaches for a healthier workforce.

article thumbnail

Tim Middleton: Mansion House reforms bring risk alongside long-term reward

Employee Benefits

On 10 July 2023, Chancellor Jeremy Hunt announced an ambitious initiative designed to encourage pension schemes to invest in unlisted equities. In addition to proposed regulatory changes to scheme governance and the management of defined benefit (DB) schemes, Hunt sought to persuade the UK’s defined contribution (DC) and Local Government pension schemes (LGPS) to invest £75 billion in new companies.

Pension 105

More Trending

article thumbnail

Why ‘work ability’ is helping evolve absence management

Employee Benefits

By Tracey Ward, Head of Business Development & Marketing at Generali UK Employee Benefits It’s increasingly understood that illness cannot simply be categorised as either physical or emotional. Usually, it’s a mixture of both. And the social aspect – an individual’s environment – also represents a crucial ingredient in this mix. On that note, momentum is also building on the notion that work has a really important role to play in recovery and ongoing condition management, in terms of giving

article thumbnail

What is a family stipend?

PeopleKeep

An employee's family life can directly impact their engagement and productivity at work. According to a Harvard Business School study, 73% of employees have some sort of familial caregiving responsibility, and 80% of them are impacted by that responsibility at work. Stress from this balancing act and the financial challenges it brings can not only hurt job performance, but it can also lead to burnout and chronic health conditions.

IT 96
article thumbnail

REWARD & RECOGNITION: BOOST MOTIVATION TO AVOID PROCRASTINATION

Employee Benefits

We all procrastinate from time to time – surely, it’s harmless? Not necessarily. Prolonged periods of procrastination can negatively impact your business. Read on to explore why your employees are procrastinating and how to increase their motivation and concentration. Unofficially, the 6 th of September is ‘Fight Procrastination Day’. More commonly recognised in the US than in the UK, the day aims to help people face the cause of their procrastination issues head-on.

article thumbnail

EEOC Posts New Guidance on Visual Disabilities under the ADA

InterWest Insurance Services

The Equal Employment Opportunity Commission has issued new guidance for employers to provide reasonable accommodations for visually impaired workers who request it. About 18.4% of all American adults have at least some difficulty with their vision, even when wearing corrective lenses, according to the U.S. Centers for Disease Control and Prevention.

Health 96
article thumbnail

Individual Development Plan Template

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. Download the template today!

article thumbnail

Is AI the new after school tutor? Tech tools are a low-cost solution to education gaps

Employee Benefit News

As U.S. students lag behind academic benchmarks, AI tools can provide affordable support for parents struggling to get them up to speed.

Education 110
article thumbnail

Camera-On Or Camera-Off? The Psychology Of Virtual Meeting Fatigue

Wellable

Camera usage can increase fatigue and decrease engagement, especially for women and new employees according to recent APA research. The post Camera-On Or Camera-Off? The Psychology Of Virtual Meeting Fatigue appeared first on Wellable.

84
article thumbnail

For HR pros, this Q4 checklist will ensure a seamless transition into 2024

Employee Benefit News

Open-enrollment season is also a perfect opportunity to prepare for legal changes, employee-facing reminders and departmental goals.

article thumbnail

Top 15 Knowledge Management Software in 2023

HR Lineup

Knowledge management is a critical component of modern business operations. It involves the creation, organization, and distribution of information within an organization to improve decision-making, problem-solving, and overall efficiency. To achieve this, companies often rely on knowledge management software to streamline the process. In 2023, there are several standout options available, each offering unique features and capabilities.

article thumbnail

The Ultimate Performance Review Checklist

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.

article thumbnail

At AECOM, Bernie Knobbe builds personal connections within a global workforce

Employee Benefit News

Whether it's a chat in the office or championing mental health initiatives, the benefits leader uses relationships to make the workplace better.

article thumbnail

10 Reasons to Attend 15Five’s Thrive ‘23 Conference in Denver

15Five

Are you ready to Thrive? The 15Five team is thrilled to bring strategic HR professionals and industry thought leaders together once again for Thrive 2023. This year’s immersive, action-packed conference is happening November 6-8 in beautiful Denver, Colorado. Grab your team and get ready for an unforgettable experience of community-building, learning, and inspiration.

article thumbnail

DOL Guidance on Mental Health Parity: Proposed Rules for NQTL Comparative Analyses

International Foundation of Employee Benefit Plans

Many health plan sponsors continue to struggle to comply with the Mental Health Parity and Addiction Equity Act (MHPAEA), particularly the requirement to conduct a comparative analysis of nonquantitative treatment limitations (NQTLs) that has been effective under the 2021 Consolidated Appropriations Act […] The post DOL Guidance on Mental Health Parity: Proposed Rules for NQTL Comparative Analyses appeared first on Word on Benefits.

article thumbnail

Elon Musk calls AI a 'double-edged sword' in tech CEO summit

Employee Benefit News

Musk told U.S. senators that the technology can be a source for good, but warned of risks to civilization.

article thumbnail

Want To Enhance Your Total Rewards To Achieve Organizational Success? Start Here.

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

article thumbnail

UK mean hourly pay gap falls to 12.97% in six years

Employee Benefits

In the past six years, the mean hourly pay gap between UK men and women has reduced from 15.07% to 12.97%, according to data analysis by accountancy and business advisory firm BDO. Its analysis of data from around 5,300 organisations, charities and public sector bodies that have reported their gender pay gaps since mandatory reporting began six years ago, also found that while 65% of UK employers narrowed their average mean gender pay gap between 2017-18 and 2022-23, this gap increased for 34% o

article thumbnail

Nerdwallet's Lynee Luque is making professional development available to all 'Nerds'

Employee Benefit News

Lynee Luque is establishing leadership programs that make it possible for all employees to pursue professional growth at NerdWallet.

IT 80
article thumbnail

Amazon invests in pay increases for US and Canada delivery service partners

Employee Benefits

Online retail giant Amazon has invested more than $440 million (£353 million) to help its US and Canada delivery service partners (DSPs) increase pay and benefits for drivers. While individual wages and benefits will vary depending on the delivery service provider and geography, US delivery associates will now be able to earn $20.50 per hour on average or more, along with healthcare and other benefits.

Retail 64
article thumbnail

Boasting about ESG credentials can really put people off a business

Workplace Insight

Efforts by some businesses to promote their environmental and social impact on society are pushing some customers away and risk damaging their reputations, according to a poll conducted by public relations agency, Clearly PR. Of the 2,072 business leaders, entrepreneurs, and marketing professionals polled, 31 percent said they were “put off” a business that talks a lot about their ESG initiatives in the media and on social media.

Media 59
article thumbnail

How to Build the Ideal HR Team

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.

article thumbnail

Deutsche Bank enhances parental leave benefits in Asia Pacific

Employee Benefits

Banking organisation Deutsche Bank has enhanced its parental leave benefits for employees across the Asia Pacific region. The enhanced benefits are available to all permanent employees, regardless of gender or length of service, in Australia, Bangladesh, Hong Kong, Japan, India, Indonesia, mainland China, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand and Vietnam.

article thumbnail

The “Meaningful Benefit” Requirement for NQTLs Under the Proposed MHPAEA Regulations

McDermott Will & Emery Employee Benefits

In previous posts, we reported on proposed regulations under the Mental Health Parity and Addiction Equity Act (MHPAEA) issued by the Departments of Labor, Health and Human Services, and the Treasury (collectively, the Departments). More recently, we turned our attention to the treatment of non-quantitative treatment limitations (NQTLs), i.e., non-numeric benefit coverage limits that must be no more restrictive […] The post The “Meaningful Benefit” Requirement for NQTLs Under the Proposed

article thumbnail

Half of firms won’t meet 2030 decarbonisation target, report claims

Workplace Insight

A new report from Siemens Infrastructure claims that there is limited agreement amongst businesses on how best to progress towards a decarbonised and resource-efficient world and under half expect to meet their net zero targets based on current thinking. According to the Transition Monitor 2023: The Great Divide on The Path to Net Zero report, whilst more than half of those surveyed believe the infrastructure transition is accelerating in their region, a quarter of senior executives said that pr

article thumbnail

Danielle Ayres: How employers can ensure future resilience for workplace absences

Employee Benefits

It is crucial to ensure employers have crystal clear practices and policies for managing employee absences. Employers which properly invest in handling absences in the right way will see a marked improvement in staff performance, retention, productivity and business resilience. Absence management is central to ensuring ongoing business operations, helping minimise disruption and maintain service levels.

article thumbnail

An HR Leaders Guide: 7 Questions To Ask When Developing Your Cancer Strategy

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?