Fri.Feb 16, 2024

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New York Governor Proposes Paid Leave for Prenatal Care

PayrollOrg

New York would be the first state in the nation to require employers to provide employees with paid leave for prenatal care, under a proposal from the governor.

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AstraZeneca and Novo Nordisk named best places to work for women in 2023

Employee Benefits

Biopharmaceutical firms AstraZeneca and Novo Nordisk have been named among the best places to work for women in 2023 globally. Best Places to Work, the workplace excellence certification programme, evaluated global organisations based on their policies, practices and benefits that support and empower women in the workforce. The certification underscores the commitment of organisations to gender equity and diversity , the creation of inclusive workplaces that foster professional growth, and the p

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Nike joins growing list of US companies doing large layoffs

Employee Benefit News

Nike will slash its global workforce by about 2%, and joins other major companies like Google and Amazon in laying off staff.

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Super Bowl winners can receive bonus payment worth $164,000

Employee Benefits

Credit: kovop / Shutterstock.com Last weekend, the Kansas City Chiefs beat the San Francisco 49ers at the 58th annual Super Bowl (spoiler alert!) While the 49ers did not walk away with the trophy, they will receive a post-season bonus payment. If you’ve ever fancied becoming a National Football League (NFL) player and wondered how much they can earn as a bonus, then read on!

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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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The Healthcare War: A Flash in the Healthcare Pan

Pacific Prime

Future years will bring a whirlwind of patient-related issues for contemporary medicine, including healthcare costs, artificial intelligence (AI), and a showdown between patient rights and regulatory approval. Using healthcare as leverage in international relations and global business has put an end to modest profit and patient-centrism. This has caused disputes between governments, businesses, and insurers, The post The Healthcare War: A Flash in the Healthcare Pan appeared first on Pacific Pr

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Employee perk ideas to improve employee satisfaction and attract top talent

Business Management Daily

Great workplaces produce great work. While there’s no one-to-one relationship between, say, a fancy espresso machine and high productivity, employers who value worker well-being perform better than those who don’t. There are plenty of ways to provide perks for employees—of budget-friendly and extravagant varieties—but however you decide to approach it, the important thing is to make an effort.

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Why this CEO lets employees own part of his company

Employee Benefit News

Larry Connor, founder of the Larry Group, shares how their Partnership Program has made a positive impact.

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Foundation Survey Results–Focus on Mental Health Initiatives in Apprenticeship Programs

International Foundation of Employee Benefit Plans

The International Foundation just released Top Trends in Apprenticeship Programs—2024 Survey Results, the 8th iteration of their apprenticeship program benchmarking survey. In addition to focusing on trends, such as individual and program challenges, life skills, and partnerships, this iteration takes a deep […] The post Foundation Survey Results–Focus on Mental Health Initiatives in Apprenticeship Programs appeared first on Word on Benefits.

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5 ways to make a difference with corporate giving initiatives

Employee Benefit News

When employers give back, culture, engagement and employee retention see improvements, too.

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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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How to Create an Effective Performance Review Template: A Guide for HR Specialists

15Five

As HR specialists, you know that the performance review process isn’t a formality or hoop that companies and employees jump through. It’s a transformative tool for driving real organizational growth and success, and that’s why you’re here. By following these tips for creating a performance review template, you can design a performance appraisal that promotes accountability, fosters growth, and enhances overall employee satisfaction and engagement.

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Unlocking the Business Magic of Instant Recognition

Vantage Circle

Acknowledgment of employees may seem like a simple task. But in reality, it is a bit complex `that needs attention and a strategic approach. One such impactful approach to appreciating an employee is instant recognition. To further cement your efforts about employee recognition , this article will help you with the little things associated with it. Let's delve in!

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The Ethical and Legal Implications of Using AI in HR

Darwinbox

Integrating Artificial Intelligence (AI) in Human Resources (HR) presents ethical and legal challenges, including explainability, bias, and privacy concerns. Responsible AI application necessitates adherence to principles of accountability, explainability, inclusivity, transparency, bias-free, and responsible use. Darwinbox's AI in HR illustrates the importance of ethical and legal compliance.

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Outsourcing HR For Small Business: Four Major Benefits

Genesis HR Solutions

How many hours do you spend performing HR functions that are necessary for the health of your business but are not actually part of your skill set or job description? For example: COBRA administration Unemployment Benefits reconciliation Collecting information for various tax forms Recordkeeping 401(k) plans Employee handbooks For many CFOs and managers, the hours are too many to count—but they know those complex, tedious tasks must get done or the company suffers.

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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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Metrics that Matter: Strategic insights for business and HR Leaders

Darwinbox

Facing a deluge of data, HR and business leaders must identify metrics that truly impact business outcomes. This article emphasizes the challenge of sifting through vast HR data, advocating for a focused approach. Darwinbox’s HR Analytics Suite offers a solution by prioritizing essential metrics for strategic decision-making. This tool transforms complex data into actionable insights, helping organizations optimize processes, improve decision-making, and enhance competitiveness by focusing on me

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The top 10 most-read articles between 9 – 15 February 2024

Employee Benefits

The top 10 most-read articles on employeebenefits.co.uk between 9 – 15 February 2024 were: B&Q to increase minimum hourly pay Amazon workers begin three-day strike over pay Greene King implements inclusive fertility and IVF treatment policy Hermès to award €4,000 bonus to all employees Linklaters reports 5.5% mean ethnicity pay gap for 2023 20% of employees receive parenting support from their employer 2Gether Support Solutions staff receive £1,600 lump sum payment 41% of employers exp

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Presentation Skills: Different Types & How to Improve (6 Examples)

BetterUp

Jump to section What are presentation skills?

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Financial wellbeing support is not a top priority for employers

Employee Benefits

Supporting employees with cost-of-living issues is rated as eighth on employers’ corporate agendas, while financial wellbeing comes in twelfth, according to research by Close Brothers. The workplace financial wellbeing services firm’s Spotlight on UK financial wellbeing report, which surveyed 1,009 workers from organisations with 200 or more employees and 504 employers with 200 or more staff, also found that the top issue currently facing employees is keeping up with normal living co

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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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What is Workers' Compensation Self-insurance?

Workers' Compensation Perspectives

Many students I encounter assume that workers’ compensation is simply another variant of traditional insurance. However, the traditional insurance model, which involves transferring financial risk for specific perils over a set period in exchange for a premium, may only encompass around half of the total workers’ compensation and benefits paid in the US.

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Will Private Equity Investors Start Pursuing Insurance Brokers Again in 2024?

InterWest Insurance Services

Since the Fed started its aggressive campaign of increasing rates to tame inflation, the amount of dealmaking by private equity firms in the insurance brokerage space has slowed and valuations have dropped. The drop in activity mirrored what was happening with private equity investors overall in the past two years when they pulled back their horns. However, now that the interest rate hikes have ceased and with possible Fed rate reductions later in 2024, private equity firms are agitating — and t

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Agile performance management: Rethinking traditional performance reviews

Higginbotham

Most employees hate traditional annual performance reviews. According to the Harvard Business Review , 66 percent of employees surveyed were strongly dissatisfied with their last review, and 65 percent felt that employee performance evaluations were not relevant to their jobs. It’s no wonder that traditional annual performance reviews are often seen as not meeting the future development needs of employers or employees.

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Strategic Finance Recruitment: A Game-Changer for Hiring Managers and Job Seekers Alike

Professionals Alternative

[link] Strategic Finance Recruitment: A Game-Changer for Hiring Managers and Job Seekers Alike Introduction to Strategic Finance Recruitment Strategic finance recruitment has become a vital tool for both hiring managers and job seekers in today’s competitive job market. As the demand for finance professionals continues to rise, companies are relying on strategic recruitment strategies to attract and retain top talent.

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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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State-of-the-art European weather centre headquarters in Reading given go-ahead

Workplace Insight

The UK Government has been granted planning permission to develop a new cutting-edge headquarters for the European Centre for Medium-Range Weather Forecasts (ECMWF) at the University of Reading. Construction of ECMWF’s modern, accessible, and highly sustainable headquarters is scheduled to start towards the end of this year and completion is expected in Autumn 2026, after Wokingham Borough Council approved the development at its February 2024 Planning Committee.

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Fragomen to implement pay increases and minimum salary levels

Employee Benefits

Law firm Fragomen is to implement pay increases and minimum salary levels for both local employees and foreign nationals. From 4 April 2024, the firm’s employees aged 21 years and older will be paid a minimum of £11.44, up from the current rate of £10.42 per hour for those aged 22 and older. In addition, its skilled worker route minimum salary will increase by 47.7% from £26,200 to £38,700.

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Supercharging Darwinbox with the Power of Extensibility

Darwinbox

A simple, seamless, extensible HCM is now a necessity for organizations of all sizes. It is no longer prudent for companies to customize applications and integrations to their HCM systems. Read more to learn why.

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10 Out-of-Office Message Examples and Pro Tips for Crafting Them

Empuls

Have you ever sent an email only to be met with the dreaded "auto-reply"?  While these automated responses serve a purpose, they often leave the sender frustrated and unsure of when, or even if, they'll receive a response. In the realm of professional communication, a well-crafted out-of-office message goes beyond simply acknowledging your absence; it acts as your digital ambassador, managing expectations and ensuring a smooth flow of information even when you're unreachab

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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?