Thu.Jan 04, 2024

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Make the Most of Free Money

Money Talk

Here is a financial New Year’s resolution: make the most of free money! “Free money” is exactly what these two words indicate: money (or goods and services in lieu of cash) that comes with no (or sometimes a few) strings attached. Free money does not have any work requirement, however, and is often income tax-free. Common sources are businesses, individuals, and the government.

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Compliance TV: Standard Mileage Rate Increases to 67 cents in 2024; IRS Releases 2024 Publication 15-T; and more

PayrollOrg

In this November 2023 edition of Compliance TV, social security wage base increases for 2024; IRS releases 2023 ACA forms, instructions, test packages; OCSS releases revised IWO, instructions; and IRS announces ERC claim withdrawal process.

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Half of employers offer financial remuneration to help employee retention

Employee Benefits

More than half (56%) of employers have offered financial remuneration to help employee retention during the cost-of-living crisis and staffing shortages, according to research by Peninsula Group. The employment law, HR, and health and safety services firm’s survey of 79,000 small to medium-sized businesses (SMEs) across Australia, Canada, Ireland, New Zealand and the UK also found that 65% of Canadian employers offered financial remuneration to help retention, which was more than the other

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10 states with the most OB-GYNs and pediatricians

Employee Benefit News

Using Bureau of Labor data, Birth Injury Lawyers Group ranked which states had the most OB-GYNs and pediatricians per 100,000 residents.

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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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Confessions of a benefits manager: Candid works to align bonuses and performance management

Employee Benefits

I think it is interesting to see how the importance of performance-related pay has moved in and out of fashion. Go back a few years and everyone was saying they were a pay-for-performance employer and everything from shares to pay rises was linked to a rating. That made budgeting difficult, so we had to have forced rating distributions and hold calibration meetings lest managers got carried away and made everyone a superstar with associated rewards.

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Intuit

Employee Benefits

Introduction: Intuit’s goal is simple, to improve wellbeing for the diverse Intuit employee population and to deliver an integrated financial wellbeing communication strategy that draws on different themes each month, and always ties back to financial education. The strategy has resulted in outstanding outcomes, and is recognized as the winner of the Best Financial Wellbeing Strategy from Financial Wellbeing Impact Awards 2023.

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Workplace Attacks

Florida Workers' Comp

The workplace remains a challenging environment for many. There have been instances described here over the years. See Remembering Today (December 2020), Violence, Arising, and Course (August 2021), Violence in the Workplace (August 2021), Workplace Violence Again (December 2022), and Triggered and Violent (June 2023). The violence is not limited to the work environment, but it is becoming either more prevalent or more noticed there.

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Reminder: IRS Lowers Electronic Filing Threshold to 10 Forms for 2024

PayrollOrg

The threshold for filing information returns electronically is now 10 in the aggregate.

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Patients can soon get weight loss drugs direct from Lilly

Employee Benefit News

The drugmaker's new platform connects patients with doctors who can prescribe medications and provide home delivery of certain drugs.

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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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The MHPAEA Proposed Rule: Scalability and the Plight of the Small(er) Self-Funded Plan

McDermott Will & Emery Employee Benefits

After a brief hiatus to discuss the pleading standards adopted by the US Court of Appeals for the Tenth Circuit in E.W. v. Health Net Life Insurance Company, we return to our examination of the comments submitted in response to the proposed regulations under the Mental Health Parity and Addiction Equity Act (MHPAEA). The US […] The post The MHPAEA Proposed Rule: Scalability and the Plight of the Small(er) Self-Funded Plan appeared first on EMPLOYEE BENEFITS BLOG.

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US companies ramped up hiring in December, ADP data show

Employee Benefit News

Recently released information points to increased optimism among policymakers about the path of inflation, noting "clear progress.

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What is the Talent Transformation Process?

HR Lineup

In today’s rapidly evolving business landscape, where technology, globalization, and shifting consumer expectations are constant forces of change, organizations find themselves in a perpetual quest to adapt and thrive. At the heart of this adaptation is the talent transformation process—a strategic and dynamic approach to developing, aligning, and optimizing the skills and capabilities of a workforce.

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Managers and employees at odds over RTO, mental health and more

Employee Benefit News

Divided views exist in areas such as mental health, communication and professional development.

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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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Top Benefits of Hiring a Virtual Assistant (VA)

HR Lineup

In an era where businesses are constantly seeking innovative solutions to streamline operations, the role of Virtual Assistants (VAs) has become increasingly prominent. Leveraging the power of technology, hiring a Virtual Assistant can provide numerous benefits for businesses of all sizes. Let’s delve into the top 10 advantages that come with incorporating a Virtual Assistant into your team. 1.

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Number of self-employed falls, except for over-50s

Workplace Insight

Tens of thousands more over 50s are now running their own businesses despite an overall decline in self-employment since 2020, new analysis of workforce statistics shows. The analysis, published by IPSE (the Association of Independent Professionals and the Self-Employed), found that the number of self-employed business owners aged 50 and over surged to 1.1 million in 2023 – 89,000 more than in 2020 – despite the total solo self-employed population falling by 154,000 in the same period.

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How to design inclusive benefit plans for today's aging workforce

Employee Benefit News

Age-specific offerings target risk areas and can help employees stay physically and mentally fit.

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RMBI Care and Masonic Charitable Foundation receive menopause-friendly accreditation

Employee Benefits

Charities RMBI Care and The Masonic Charitable Foundation have been accredited as menopause-friendly employers as part of their aim to look after staff and their wellbeing. Established by Henpicked: Menopause in the Workplace, the accreditation recognises high standards and practices that embrace menopause in the workplace. Employers are assessed by a panel in terms of their evidence of effectiveness in culture, policies and practices, training, engagement , facilities and evaluation.

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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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Think Gen Z has too much to say? That's what makes them good managers

Employee Benefit News

A new study from Culture amp reveals how employees really feel about working under Gen Z managers.

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Bidvest Noonan hires chief people and culture officer

Employee Benefits

Customer-focused services group Bidvest Noonan has appointed Julie Mernagh chief people and culture officer. In this role, Mernagh will use her experience and track record in human resources, talent development and organisational culture to lead the people and culture team. She will focus on developing and executing a people strategy to foster an enhanced workplace environment and improve overall employee experience.

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Gen Z in the workplace: How to attract Gen Z employees

Higginbotham

In an era where Generation Z (Gen Z) has begun to make their mark in the workforce, understanding this digitally savvy, diverse and socially conscious group has become a priority for many companies. Their unique perspectives and values are not only influencing the future of work but are also paving the way for fresh conversations and new values in the workplace.

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Ovo Energy reports 11.4% mean gender pay gap for 2023

Employee Benefits

Energy supplier Ovo Energy has reported an 11.4% mean gender pay gap for 2023, down 2.4% from 2022. Its median gender pay gap was 12.1%, down 0.4% from the prior year. The organisation has attributed its gender pay gap to uneven proportions of men and women across different parts of the business, with more men in higher-paying roles. Ovo’s mean gender bonus gap for 2023 was 33.6%, down 1.7% from 2022, while its median bonus gap was 71.6%, up 70.6% from the previous year.

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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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IDEAS Ltd to Sponsor Design Guild Mark 2024, call for entries

Workplace Insight

Design Guild Mark are pleased to announce that IDEAS Ltd will be sponsoring the ‘Furniture category’ for the 2024 Design Guild Mark Awards. Founded by Keith Lovelace in 2002, IDEAS is a leading authority in ergonomics and inclusive design for any commercial or public space including leisure, sports, hospitality, healthcare, and education. Keith has always had the philosophy that everything should come under the term ‘Good Design’, meaning that a product has been designed in such a way that it is

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Exit Interview Questions That Aren’t a Waste of Time

Abel HR

Research from Social.com reveals that 75% of all companies are performing exit interviews. That same research indicates that only 1% of participants do them correctly. Many times, exit interviews focus only on updating job descriptions rather than trying to determine precisely why their employees are leaving. Try asking the following essential questions to ensure your exit surveys are effective. 1.

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European furniture giant Flokk announces acquisition of US based Stylex

Workplace Insight

Stylex, a design-driven American commercial furnishings manufacturer is the latest acquisition by Flokk , the European office seating and furniture manufacturer. The purchase – expected to close on January 31, 2024 – comes at a pivotal moment, solidifying Flokk’s presence in the U.S. market and making Stylex part of Flokk’s global portfolio of brands.

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SpaceX Fired Employees for Condemning Musk, Says Labor Agency

HR Digest

The rocket company, SpaceX fired eight employees wrongly for a letter as per the National Labor Relations Board, raising concerns about the chief executive. Federal labor officials accused the rocket company SpaceX on Wednesday of illegally firing eight employees for circulating a letter critical of the company’s founder and chief executive, Elon Musk.

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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?