Tue.Feb 27, 2024

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Payroll Congress Veteran Tells Why Attending Is Important

PayrollOrg

Payroll Congress has continued to grow and expand over the past 40 years to help the profession deal with extended regulatory complexity, technological advances, professional development, analytical needs, increased global interaction, and the need for a vital payroll community.

Payroll 104
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California District Court Denies Motion to Dismiss 401(k) Excessive Fee and Underperformance Claims

Proskauer's Employee Benefits & Executive Compensa

A California district court recently denied a motion to dismiss claims that the fiduciaries of a 401(k) plan breached their ERISA fiduciary duties of prudence and loyalty by selecting underperforming, high-cost investments and causing the plan to pay excessive fees for services. The decision is notable for illustrating how pleading standards in investment performance and excessive fee litigation vary depending on jurisdiction.

401(k) 110
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Vacant Office Buildings May Have Insurance Problems

InterWest Insurance Services

The trend toward employees working remotely that began during the COVID-19 pandemic has proven popular, and many employers have been able to shrink their office costs by leasing smaller spaces. However, these changes have resulted in increased commercial building vacancy rates, and that can leave their owners with insurance problems. The National Association of Realtors has reported that the nationwide office vacancy rate in 2023 was 13.3%, up from 12.2% the year before.

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Supply and Demand

Florida Workers' Comp

There are many interesting applications of the economic concepts of supply and demand. Those are largely lost on the population, but the effects of economics are arguably universal. They surround us in our daily lives. We address them individually and collectively. Imagine a workforce that would band together to artificially control supply, and thus strive to manage the economic equation regarding the value of services.

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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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Embracing older workers: A hiring pool of experience and expertise

Insperity

In the landscape of the American workforce, a remarkable shift is underway. Older workers, individuals aged 65 and older, are emerging as one of the fastest-growing segments of the workforce. Contrary to conventional retirement norms, age 65 no longer signifies an automatic exit from professional life for many Americans. Instead, seniors are choosing to remain engaged, contributing their wealth of experience, expertise and wisdom to various industries and organizations.

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New Proposed Rules Aim to Enhance Healthcare Accessibility for People With Disabilities

McDermott Will & Emery Employee Benefits

The US Department of Health and Human Services and the US Department of Justice recently published new proposed rules that update and create various requirements under Section 504 of the Rehabilitation Act of 1973 and Title II of the Americans with Disabilities Act of 1990. What are some of the biggest changes? Read more here. The post New Proposed Rules Aim to Enhance Healthcare Accessibility for People With Disabilities appeared first on EMPLOYEE BENEFITS BLOG.

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10 Best Journaling Apps for Self-Reflection in 2024

BetterUp

Jump to section The importance of journaling What are journaling apps? Benefits of keeping a digital journal What makes a good journaling app?

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Text-based resumes are out: Canva reveals what hiring managers want to see

Employee Benefit News

Canva surveyed over 10,000 hiring managers and job seekers about what a modern resume should look like.

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3 Non-Monetary Incentives for Employees

Hppy

Employee appreciation is a great way to keep your staff motivated and elevate your employer branding. You can reward them with cash bonuses and other monetary compensation types. However, this isn’t the only way to appreciate your workforce. Non-monetary incentives are innovative ways to reward your employees outside the standard benefits and financial compensation.

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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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AI startup gets funds to prevent widespread work accidents

Employee Benefit News

Intenseye raised $64 million to develop AI that can detect and help fix potential hazards in the workplace.

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Marks and Spencer enhances pay and family leave policies

Employee Benefits

Credit: patat / Shutterstock.com Retailer Marks and Spencer has announced pay increases and enhancements to its maternity, paternity and adoption policies. As part of an £89 million investment, from 1 April the rate of pay for its 40,000 UK customer assistants will increase from £10.90 to £12 per hour, a 10.1% rise from last year. A full-time employee will see an increase of around £180 per month.

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Missing Participants: Help From SECURE 2.0 and the Latest Best Practices  

International Foundation of Employee Benefit Plans

Benefits Magazine Extras articles provide you with bonus content on a mix of benefits topics as well as deep dives and analyses on the latest benefit trends and compliance issues. Foundation members can visit ifebp.org/benefitsmagazine to view the full bimonthly print edition of the […] The post Missing Participants: Help From SECURE 2.0 and the Latest Best Practices appeared first on Word on Benefits.

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New Look implements HR and payroll processes platform

Employee Benefits

Credit: Tupungato / Shutterstock.com Fashion retailer New Look has introduced a cloud human capital management platform to unify its HR and payroll processes for its workforce. Through a partnership with global human capital management firm Dayforce, the retailer will be able to provide a modern employee experience for its more than 8,500 staff and seasonal workers during busy holiday periods through a communications system that delivers timely updates and allows them to find help and informatio

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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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Don't call it a comeback: IBM pension play a 'financial maneuver'

Employee Benefit News

After IBM unfroze its pension, some wondered if this was the start of a defined-benefit renaissance. Researchers say that's not what it was about.

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CEOs turn to hybrid working to cut costs as suburban office footfall booms

Workplace Insight

CEOs are turning to hybrid working to bring down costs amidst the recession as new office footfall data reveals that footfall in suburban and commuter down offices is booming. A study among more than 500 UK business leaders by IWG a quarter (24 percent) have cut their business’ city centre office space in favour of more cost-effective hybrid working in local sites.

IT 59
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Money stress impacts teens, too, Wells Fargo finds

Employee Benefit News

U.S. adults are intensely worried about their finances — and their kids are even worse.

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Asda reports 6.6% mean gender hourly pay gap for 2023

Employee Benefits

Supermarket Asda has reported a 6.6% mean gender hourly pay gap for 2023, down from 7.6% in 2022. The employer’s median gender hourly pay gap for 2023 was 5%, up slightly from 4.7% in 2022. Its hourly-paid retail store employees make up 84% of its total workforce, while its upper pay quartile consists of 35.9% of females and 64.1% of males and its lower pay quartile consists of 60.1% of females and 39.9% of males.

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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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Supporting employee wellbeing with employee assistance programs

Higginbotham

To produce their best work, your employees may need assistance with a wide range of issues – from mental health and substance abuse counseling to childcare and legal matters. By offering employee assistance programs (EAPs), employers can help support employees and their family members while fostering a productive company culture. What is an employee assistance program?

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Individuals should act fast to make the most of their ISA allowance

Employee Benefits

With the end of the tax year fast approaching, there is still time for individuals to take full advantage of their £20,000 ISA allowance. Jonathan Watts-Lay, Director, WEALTH at work, comments; “In the current environment, it has become difficult for a lot of people to save as much as they would like, which can have a serious impact on financial resilience.

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How to explain why you left your job: Reasons and examples

Business Management Daily

If you’re in the market for a new job, it’s important to know how to answer common job interview questions. One of the questions that candidates often worry most about is “why did you leave your last job?” It can be challenging to know just how honest you should be with your response. Will a prospective employer judge you for prioritizing salary or remote work options?

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How today's HR leaders are navigating cultural change and common crises

Employee Benefit News

Technology and increased collaboration can help keep HR's focus on the tasks that matter most.

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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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15 Ways to Thank Your Boss for an Appreciation in 2024

Empuls

The expression of gratitude plays a pivotal role. As professionals, we often find ourselves navigating a landscape where recognition and appreciation from superiors are desired and crucial for fostering a positive work environment.  Thank you reply to the boss for appreciation is not just a formality; it's an opportunity to strengthen relationships, boost morale, and cultivate a culture of acknowledgment within the workplace.

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5 Efficient Techniques for Minimizing Recruitment Costs 

Hppy

Bringing great talent onboard in your organization doesn’t come cheap. Between headhunters, fancy job boards, advertising costs, and endless rounds of interviews, recruitment expenses can quickly eat into your budget. With the average cost per hire in the US hovering around $4,700, it’s only prudent that you find ways to streamline your hiring process and cut expenses.

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60 International Women's Day Wishes to Honoring Strength, Resilience, and Achievements

Empuls

In a world where every voice matters, International Women’s Day stands as a beacon of recognition , celebration, and advocacy for the rights and achievements of women globally. This annual event, observed on March 8th, not only commemorates the social, economic, cultural, and political achievements of women but also serves as a reminder of the ongoing efforts towards gender equality and women's empowerment.

IT 40
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5 Essential Collections Interview Questions & Answers

Professionals Alternative

[link] 5 Essential Collections Interview Q & A’s Introduction to the collections specialist role As an HR professional hiring collections specialists, it’s important to understand their role and significance in the organization. A collections specialist plays a vital role in managing overdue accounts and ensuring timely payment from customers.

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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?