Fri.Nov 17, 2023

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IRSAC Annual Report Addresses Two Payroll Issues

PayrollOrg

At a public meeting on November 9, the IRS Advisory Council (IRSAC) presented its annual report. Two payroll issues are included related to the Combined Federal/State Filing (CF/SF) program and the use of cryptocurrency.

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Lovewell’s logic: Will we ever successfully close unequal pay gaps?

Employee Benefits

Next Wednesday, 22 November, is Equal Pay Day in the UK. This is the date when, based on mean average earnings, women effectively stop being paid for the year compared to men. According to analysis by the Fawcett Society, which is behind the day, the UK’s gender pay gap currently stands at 10.7%, a 0.2 percentage point fall, equivalent to 48 hours, from 2022.

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Why you need compliant HRA software

PeopleKeep

For many small and medium-sized businesses (SMBs) with limited budgets, it can be tempting to try to save money on benefits spend self-administering your employees’ health benefits. While this may seem more cost-effective, any mistakes you make that put your plan out of compliance can cost you and your organization thousands of dollars in fines. If you offer or plan to offer a health reimbursement arrangement (HRA), investing in a compliant HRA software solution is a great way to avoid potential

Software 105
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Avoid politics, support working parents: What works with recruiting right now

Employee Benefit News

Employers may need to review their recruiting processes to ensure their organization is still appealing for potential hires.

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Improving Access To & Utilization Of Cancer Screening With Color

Discover how Color's comprehensive care solution is revolutionizing cancer screening adherence and knowledge. Through an in-depth case study, Color's unique approach to comprehensive cancer care has shown significant benefits in increasing screening rates and enhancing patient knowledge. Participants reported a 2-3x increase in adherence to screening guidelines over just 8 weeks, with 84% of participants increasing their familiarity with timing and frequency of cancer screening.

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Minnesota Paid Sick Leave: Guide for Small Business Owners

Patriot Software

On January 1, 2024, employers with employees working in Minnesota are responsible for a new workplace standard—offering paid sick leave. How much do you know about the Minnesota paid sick leave law, known as Earned Sick and Safe Time?

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The Art of Strategic Succession Planning: Achieving Talent Continuity in an Era of Uncertainty

15Five

If you were one of the millions of people who obsessively tuned into the HBO series “Succession,” then you’ve seen how a poorly executed succession plan can throw an organization into chaos. But while succession planning isn’t nearly as dramatic in real life as it is on TV, it is still an important business practice. Effective succession planning can help mitigate business risks and limit the disruptions that occur when critical talent is lost.

Health 71
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Why this insurer designed health plans with no deductibles or copays

Employee Benefit News

Fred Turner, CEO of Curative, explains why employers need to break away from traditional health plans.

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The top 10 most-read articles between 10 – 16 November 2023

Employee Benefits

The top 10 most-read articles on employeebenefits.co.uk between 10 – 16 November 2023 were: Deutsche Bank completes £500 million pensions buy-in RSA Insurance to launch equal parental leave policy SSE accredited as living pension employer UK employers could spend up to £15b on benefits staff do not want Basic pay for private and public sector staff to rise by 5% WHSmith commits to becoming fertility-friendly employer Aioi Nissay Dowa Europe promotes Gemma Robinson to people and culture dir

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Wall Street bosses turn to AI to help write performance reviews

Employee Benefit News

Workday, a provider of HR software, rolled out a bevy of new products that rely on artificial intelligence.

Software 104
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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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Nuclear Decommissioning Authority introduces free period products for staff

Employee Benefits

The Nuclear Decommissioning Authority (NDA) has introduced complimentary period products in its Cumbria and Warrington offices to help tackle period poverty. Through a partnership with social enterprise Hey Girls, period products will be available to any NDA employee who needs them. It is part of a drive to ensure its workspaces are welcoming, inclusive and safe places for staff, and to create positive change in the communities in which it operates.

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How to Help Managers Succeed and Leap Towards Growth

HR Digest

Wondering how to help managers succeed? You might need to if you want the organization to function with well-regulated harmony. A Udemy Research report found that 51 percent of millennials and GenZ are likely to quit a job because of a bad manager and 43 percent of their older coworkers would do the same. A manager controls the pulse of an organization and acts as a substitute for the top leaders of an organization.

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Hilton and Insight Enterprises named world’s best workplaces

Employee Benefits

Hotel chain Hilton and global solutions integrator Insight Enterprises have been named as two of the world’s best workplaces in 2023 by Fortune magazine and Great Place to Work. To determine the world’s best workplaces and offer certification status, each year Great Place to Work uses feedback from surveys and data about culture, workforce and employee experience.

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Arper launches first sustainability report

Workplace Insight

Arper , global design brand that envisions products for the way we live, publishes its first Sustainability Report, which serves as a comprehensive overview of the company’s sustainability efforts for the year 2022, outlining their commitment to responsible business practices.? The report summarizes Arper’s commitment towards people and the Planet and highlights the company’s continuous search for sustainable innovation processes and the implementation of responsible business practices.

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From Prevention to Remission: How HR Can Support Employees Facing Cancer Diagnoses

Explore the latest insights from the American Cancer Society's “Cancer Statistics 2024” report, which unveils multiple alarming trends in cancer data. Cancer is on the rise among young adults, and diagnoses for 6 of the 10 most common cancers are escalating. With over 2 million new cancer cases projected in the U.S. this year, employers face increased challenges when it comes to supporting employees.

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64% of HR professionals feel engagement has fallen or remained static in past year

Employee Benefits

Two-thirds (64%) of UK HR professionals feel employee engagement levels in their organisations have either remained static or worsened over the past 12 months, according to research by WorkBuzz. The employee engagement firm’s State of employee engagement report 2023/24 , which is based on insights from more than 400 UK HR professionals, found that just 36% of respondents thought employee engagement had improved.

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The growing need for social engineering insurance

Higginbotham

The weakest point in your company’s security could be your employees. Scammers frequently target individual workers in an attempt to steal data, divert funds, access accounts or install malware. Since threats are rising, businesses need to assess their social engineering insurance needs. Understanding Social Engineering Fraud The definition of social engineering from the National Institute of Standards and Technology (NIST) is “the act of deceiving an individual into revealing sensitive informat

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5 ways for leaders to increase confidence and build resilience

Business Management Daily

We lead in a complex and uncertain world—and with uncertainty comes challenges that require leaders to be resilient. Our ability to overcome and see past challenges helps our teams do the same. One way we can build our resilience is to increase our confidence. Here are five ways to strengthen that crucial trait. 1. Survey past successes The best source for building your confidence is to survey your life for past successes.

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Virgin Voyages founder Richard Branson gifts flight staff free cruise

Employee Benefits

Credit: Stefano Tammaro / Shutterstock.com Something for the weekend: More than 150 passengers and crew members on a Virgin flight from Melbourne to Hobart in Australia have been gifted a free cruise by founder Sir Richard Branson. Everyone on board the flight, including cabin crew, baggage handlers and pilots, on Thursday (16 November) morning were told that they will each receive a cruise worth up to $7,000 (£3,652) completely for free, with more than $1 million (£521,756) gifted in total.

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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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What’s Lifestyle Coaching & How To Find a Coach

BetterUp

Jump to section What’s a lifestyle coach? Why you should consider lifestyle coaching 4 benefits of lifestyle coaching What to expect from lifestyle coaching How do life coaches compare to other specialists?

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Creating a Flexible Open Workspace: A Guide for HR

Hppy

The traditional office environment is undergoing rapid change. For instance, open workspaces that encourage collaboration, flexible working, and adaptability are more popular today than ever before. As companies all over the world embrace hybrid work options they continue to think as to what more can be done to make their work environment more flexible, friendly, and accessible to attract the millennial worker.

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From Automation to Advancement: Embracing Artificial Intelligence while Keeping the Humanity in HR

15Five

People leaders who learn to embrace AI and leverage its power for good can make a real impact for their organizations and the people they represent. New AI technologies promise to take administrative work off your plate and give you more time to focus on what matters most—your people and their performance, engagement, and retention. That said, people are genuinely concerned that AI may steal their jobs or introduce new forms of bias into the workplace.