Tue.Nov 28, 2023

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How Can HR Contribute to Business Growth and Help Envision Future Success?

HR Digest

We are slowly witnessing the resurgence of Human Resource Management, with companies actively investigating how HR teams can contribute to business growth. For years, HR teams have largely been delegated to admin tasks and rote hiring activities, but there are innumerable ways by which HR can contribute to business success. HR strategies for business growth focus on the hiring and retention of the right talent, but they can also involve active participation in key business decisions by bringing

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Debunking 7 productivity myths and unlocking efficiency

Business Management Daily

There is a short list of things for which nearly everyone strives. When you put that list in terms of our work, success and career, productivity is one of those desirable outcomes. When something is both important and desirable, you would think we would have a clear picture of it. Instead, there are tons (far more than seven) of myths about what productivity is and how to achieve it.

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What You Need to Know About Beneficiaries

BerniePortal

What Is a Beneficiary? A beneficiary is an individual who is chosen to receive the benefits of property, typically in the event that the owner passes away. The benefits are often monetary, but they can also be anything else of value that is being passed down.

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New Ransomware Threat Delivered through Microsoft Teams

InterWest Insurance Services

Microsoft Corp. has issued a warning that cyber criminals are exploiting its Teams video-conferencing platform to launch phishing attacks that can debilitate companies that are victims of these actions. Hackers often abuse the Microsoft Teams platform to launch cyber attacks and the latest threat the company is tracking is called Storm-0324, which it has deemed a serious danger to businesses due to its resulting sophisticated methods.

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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.

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Why do HR strategies fail? 8 common mistakes

Insperity

Human resources (HR) strategy is incredibly important to any business. Although many people associate HR with day-to-day responsibilities such as payroll, benefits administration and employee time and attendance tracking, this is tactical HR and only half of the equation. HR strategy , on the other hand, guides HR professionals toward reaching business objectives while aligning with company values.

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Study: 93% Of Workers Value Well-Being As Much As Salary

Wellable

93% of workers value well-being as much as salary. Organizations must rethink what drives job satisfaction to attract and retain top talent. The post Study: 93% Of Workers Value Well-Being As Much As Salary appeared first on Wellable.

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Doctors Question Medicare Quality Program as More Face Steeper Penalties

McDermott Will & Emery Employee Benefits

A Medicare program designed to incentivize high-quality care via physician bonuses is in doubt as providers say it’s caused more trouble than it’s worth. According to this Axios article, the Merit-Based Incentive Payment System has created a disparity between bonus winners and losers, and this disparity is only expected to grow. Access the article.

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The Epidemic of Loneliness: How Organizations Can Help

International Foundation of Employee Benefit Plans

Loneliness is a growing public health crisis with profound effects on health and life expectancy, which also impacts the workplace. In May 2023, the U.S. Department of Health and Human Services released “Our Epidemic of Loneliness and Isolation,” detailing the health crisis’ […] The post The Epidemic of Loneliness: How Organizations Can Help appeared first on Word on Benefits.

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ACA enrollment deadline: Blue Shield shares tips for buying an affordable health plan

Employee Benefit News

Robert Spector from Blue Shield explains how Americans can get affordable, high-quality health plans without employers.

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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!

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9 Tips to Improve Manager Effectiveness and Build a Positive Work Environment

15Five

For the second year in a row, Gartner reports that leader and manager development is the #1 priority for HR leaders. Gartner’s survey about the top HR priorities in 2024 uncovered that 76% of HR leaders say their managers are overwhelmed by the growth of their job responsibilities, and 73% say leaders and managers aren’t equipped to lead change. Considering the crucial importance of manager effectiveness—it influences nearly every aspect of the work experience and is a top driver of employee eng

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Want better performance reviews in 2024? Focus on soft skills first

Employee Benefit News

Communication, problem solving and creativity are just as important as technical skills when reviewing job performance.

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Half of deskless workers suspect they are invisible and expendable

Workplace Insight

Over half of UK based ‘deskless’ workers (51 per cent) say they’re viewed as expendable by their employer. Plus, almost a third (32 per cent), feel that their corporate, desk-based colleagues regard them as inferior. These are the findings from O.C. Tanner’s 2024 Global Culture Report which gathered data and insights from more than 42,000 employees, leaders, HR practitioners, and executives from 27 countries worldwide including 4,818 from the U.K (of which 1,734 are deskless).

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3 questions to empower top talent through nonqualified deferred compensation plans

Employee Benefit News

Holistic communication can help educate employees on how to make the most of their retirement plans.

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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.

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Considerations For A Successful PEO Exit Strategy

Griffin Benefits

Has your company outgrown its Professional Employer Organization (PEO)? It happens for all sorts of reasons. You may need an HR program that’s more customized for your organization’s needs than a PEO can provide. Your needs for benefits and HR strategies to help you compete for and keep talent may not be so easily met by the PEO’s one-size-fits-all approach.

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Massive investment programme needed to facilitate carbon neutral future, WEF report claims

Workplace Insight

To facilitate the transition to a more sustainable and carbon-neutral future, $13.5 trillion in investments will be needed by 2050, particularly in the production, energy and transport sectors, according to a new World Economic Forum report. The Net-Zero Industry Tracker 2023 , published in collaboration with Accenture, takes stock of progress towards net-zero emissions for eight industries – steel, cement, aluminium, ammonia, excluding other chemicals, oil and gas, aviation, shipping and trucki

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53% of employers do not think the living pension meets basic retirement needs

Employee Benefits

Employee Benefits poll: More than half (53%) of organisations do not think the living pension goes far enough to support employees in building a pension pot that meets basic retirement needs, according to a survey of Employee Benefits readers. One-third (33%) said they did think the living pension goes far enough to support employees in terms of saving a pension that meets basic retirement needs , whereas 15% were unsure.

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More than a third of working parents thinking about quitting jobs

Workplace Insight

A new survey claims that a significant number of working parents are finding it so difficult to juggle home and work responsibilities that they have considered leaving their job. The OnePoll survey [registration] of 2,000 working parents with children aged 18 or under commissioned by REC Parenting, an online platform offering support to parents and carers, revealed that many working parents are at breaking point.

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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

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Cumberland Building Society launches neurodiversity toolkit

Employee Benefits

The Cumberland Building Society has launched a neurodiversity toolkit to help inform its workforce about neurodiversity and the challenges neurodiverse individuals face both in the workplace and day-to-day life. The toolkit includes stories of neurodiverse colleagues, information about the strengths and challenges of neurodiverse conditions and the benefits of neurodiversity in the workplace.

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Unpicking the retrofit enigma

Workplace Insight

Earlier this year, a report from building consultancy Mace advocated for a retrofit first principle for buildings. The report highlighted how non-domestic buildings in the UK make up about an eighth of the country’s building stock but account for around a quarter of the country’s carbon emissions. The solution argued for in the report was to look at how best to retrofit around 3.5 million such buildings over the next ten years.

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Askews and Holt Library Services completes £11m pensions buy-in

Employee Benefits

Askews and Holt Library Services has completed an £11 million pensions buy-in deal. The transaction with Legal and General, which was made possible by a discretionary one-off contribution from the employer, covers 64 pensioners and 22 deferred members. The scheme will now proceed to a full buy-in and wind up. Broadstone provided annuity broking, as well as actuarial, investment consultancy and administrative services to the trustees.

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Mastering the Credit Game: A Step-by-Step Guide to Selecting the Right Credit Portfolio Representative

Professionals Alternative

[link] Mastering the Credit Game: A Step-by-Step Guide to Selecting the Right Credit Portfolio Representative for Your Needs‍ ‍Introduction to Credit Portfolio Representatives In the complex world of finance, credit portfolio representatives play a crucial role in managing and maintaining a company’s credit portfolio. These skilled professionals specialize in analyzing risk, assessing creditworthiness, and ensuring timely and accurate payment collections.

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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.

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Brake Brothers staff secure pay deal

Employee Benefits

More than 400 employees at food distributors Brake Brothers have accepted a pay deal of between 19.3% and 23.2% increases on the basic hourly wage. Trade union Unite worked with its members to secure the pay deal, worth over £6,000, for Brake Brothers warehouse workers and distribution drivers based at Newhouse in Motherwell. The deal includes a £300 December bonus and access to an attendance bonus of £750.

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Writing a Thank You Email: 5 Tips to Leave a Lasting Impression After Your Job Interview

Professionals Alternative

[link] Mastering the Art of Writing a Thank You Email: 5 Tips to Leave a Lasting Impression After Your Job Interview The importance of sending a thank you email after a job interview After a job interview, many candidates overlook the importance of sending a thank you email to the interviewer. However, this simple gesture can make a significant impact on your chances of landing the job.

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Podcast: Northwood Hygiene Products focuses on staff wellbeing

Employee Benefits

Employee Benefits · Northwood Hygiene Products podcast Listen: Manufacturing, supply chain and transportation firm Northwood Hygiene Products has more than 800 employees working in various locations across the UK in diverse job roles. In this episode of the Employee Benefits podcast, HR director Dawn Roberts discusses how the organisation supports the wellbeing of all of its employees, especially during challenging times.

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Missouri Court Says Informality in Procedure Only Goes So Far

The Workcomp Writer

A Missouri appellate court held that where, after notice to the claimant, an ALJ dismissed a claim with prejudice because it had languished for seven years, the state’s Labor and Industrial Relations Commission was well within its powers to deny review where the claimant’s Application for Review merely attached a copy of a notice of appearance earlier filed by an attorney representing the claimant [ Chuhan v.

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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?