Thu.Jul 13, 2023

article thumbnail

SECURE 2.0 Act Financial Planning Opportunities in 2023 and Beyond

Money Talk

The SECURE 2.0 Act of 2022 , passed last December, has financial planning opportunities for both the accumulation and distribution phases of retirement planning. Below is a brief summary of a few key retirement savings provisions from about 100 changes contained in this legislation: RMD Changes- Effective January 1, 2023, the starting age for required minimum distributions (RMDs) for people born from 1951 to 1959 is now 73 instead of 72 and the starting age for those born in 1960 or later is now

401(k) 130
article thumbnail

Missouri Is Second State to Enact Earned Wage Access Law

PayrollOrg

Missouri recently became the second state to enact an earned wage access (EWA) law to regulate EWA providers. The law takes effect on August 28, 2023.

104
104
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Finding the Best Project Management Software for Your Needs

Qandle

In the fast-paced world of project management, staying organized, collaborating effectively, and delivering projects on time is crucial for success. To achieve these goals, organizations and individuals are increasingly turning to project management software and tools. In this comprehensive blog, we will explore the significance of project management software, delve into its benefits, and help you find the best fit for different scenarios, including small teams, individuals, and multiple project

article thumbnail

District Court Upholds DOL’s Dual Jobs Final Rule for Tip Credit

PayrollOrg

A U.S. district court ruled the U.S. Department of Labor’s (DOL) dual jobs final rule under the Fair Labor Standards Act is valid.

104
104
article thumbnail

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.

article thumbnail

Employers Expect Higher Premiums, Little to No Cost-Shifting

InterWest Insurance Services

Employers who were surveyed for a new report expected that group health insurance premiums would increase 5.4% this year and at a faster clip in 2024 as inflation hits medical costs. Employers said they are looking to manage growing group benefit costs without shifting costs to employees, as they realize that their staff are likely dealing with inflation in all facets of their lives, including their medical bills, according to Mercer’s “Survey on Health and Benefit Strategies for 202

More Trending

article thumbnail

How to Create a Positive Work Environment?

HR Lineup

A positive work environment is essential for employee satisfaction, productivity, and overall organizational success. When employees feel supported, valued, and motivated, they are more likely to be engaged and committed to their work. Creating a positive work environment is not just the responsibility of the leadership team but requires a collective effort from everyone in the organization.

article thumbnail

Role Clarity in Times of Change: 3 Steps to Setting Clear Expectations After a RIF

15Five

After a layoff or reduction in force (RIF), the employees who remain may be left wondering, now what ? It’s typical for employees and even managers to worry about how things will change for them and their remaining team members. As the dust begins to settle after a RIF, confusion can set in, and “who’s doing what” can get a little messy. When this happens, employee role clarity suffers.

Health 78
article thumbnail

Fixing the ACA’s Family Glitch

McDermott Will & Emery Employee Benefits

The “family glitch” was a regulatory oddity of the Affordable Care Act (ACA). It required the affordability of an employer-sponsored health plan to be determined based solely on the cost of the plan to an individual employee, disregarding the costs to add family members to a plan. This resulted in many families being ineligible for […] The post Fixing the ACA’s Family Glitch appeared first on EMPLOYEE BENEFITS BLOG.

article thumbnail

This platform is helping employers normalize grief at work

Employee Benefit News

Mindy Corporon and Lisa Cooper took their own grief and turned it into a company fashioned to support others like them.

article thumbnail

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!

article thumbnail

A Q&A on State-Facilitated Retirement Programs

International Foundation of Employee Benefit Plans

For the past several years, the International Foundation has strategically focused on the topic of retirement security. The most recent Talking Benefits podcast episode covered one crucial way to help employees reach retirement security—by giving them access to a retirement plan. Podcast […] The post A Q&A on State-Facilitated Retirement Programs appeared first on Word on Benefits.

article thumbnail

Inspiring TED Talks to Motivate You

BetterUp

Discover 15 inspiring TED Talks from thought leaders across industries for uplifting stories and theories on life.

98
article thumbnail

Benevity launches a climate kit to give employers actionable resources

Employee Benefit News

A successful corporate social responsibility program can have positive effects at the organizational, employee, and customer levels.

article thumbnail

Despina Katsikakis elected President of the British Council for Offices

Workplace Insight

Despina Katsikakis, Executive Partner & Global Lead, Total Workplace at Cushman & Wakefield, has been elected as President of the British Council for Offices (BCO) with immediate effect. She succeeds Mark Kowal, Partner at Sheppard Robson. Peter Crowther, Managing Director at Bruntwood, becomes Senior Vice President. Despina is one of the leading voices in the office sector.

article thumbnail

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.

article thumbnail

How managers can help frontline workers feel safe on the job

Employee Benefit News

A new survey highlights the concerns workers in healthcare and retail grapple with daily.

Retail 93
article thumbnail

To boost productivity in the UK, we need to think big and different

Workplace Insight

The decline in UK productivity since the Great Recession of 2008/2009 has been a matter of concern for business leaders, policymakers, and economists alike. Despite hopes that the pandemic would act as a catalyst for transformation and boost productivity, r ecent figures from the Office for National Statistics (ONS) show that the UK still lags behind several other G7 economies.

article thumbnail

What is personal liability insurance? Understanding coverage

Higginbotham

Many people recognize that the U.S. is a litigious society, but few take steps to protect themselves from the financial impact of a lawsuit. Personal liability coverage can help you safeguard your assets if you are ever named in a lawsuit. But what is personal liability insurance? Could you be named in a lawsuit? You might think that lawsuits only happen to other people, but the reality is that anyone could be named in a lawsuit – and for many different reasons.

article thumbnail

Viventium

HR Lineup

Viventium is a comprehensive payroll and HR (Human Resources) platform that offers businesses advanced technology and innovative solutions to streamline their payroll and HR processes. With a focus on user-friendly features and personalized support, Viventium helps organizations effectively manage their workforce and ensure compliance with changing regulations.

Payroll 52
article thumbnail

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

article thumbnail

Introducing VIVITY: Revolutionizing Healthcare for SoCal Small Groups

CorpStrat

Are you ready for a game-changing healthcare experience that puts affordable, high-quality care within reach? Look no further than VIVITY, the groundbreaking health insurance product brought to you by BlueCross Anthem. We are thrilled to unveil this innovative solution that offers premium savings of up to 22% compared to Anthem’s FULL HMO plans on average.

article thumbnail

Millennium Trust Completes Acquisition of Benefit Resource, LLC

Benefit Resource Inc.

Combined product offerings will accelerate growth and create a best-in-class solution within the health and benefits category. OAK BROOK, Ill., July 13, 2023 ( Newswire.com ) – Millennium Trust Company, LLC, a leading provider of health, wealth, retirement, and benefits solutions, today announced the acquisition of Benefit Resource, LLC (BRI), a leading provider of FSAs, HRAs, HSAs, commuter plans, and COBRA administration services. “Our strategy is building a unified and interconn

article thumbnail

Princes appoints first inclusion and diversity manager

Employee Benefits

International food and drink group Princes has appointed Siwan Smith as its first inclusion and diversity manager. Smith will be responsible for driving Princes’ inclusion and diversity strategy forward, with support from the group’s dedicated inclusion champions and six colleague resource groups. As an experienced diversity, equality and inclusion professional, Smith joined Princes following roles at engineering consultancy, Arup, Merseyside Police and innovation firms, Anchored In and KTN.

article thumbnail

OSHA Cites Main Line Contractor Corp. of Newark NJ for 21 Violations and $333,052 in Penalties

Workers' Compensation

A series of inspections by the U.S. Department of Labor has found a Newark-based construction contractor defying federal safety regulations by exposing employees to more than 20 violations, including potentially deadly falls, at six southern and central New Jersey work sites in early 2023. INSPECTIONS Workplace safety and health inspections by the department's Occupational Safety and Health Administration identified 21 Main Line Contractor Corp. violations in Berlin, Cape May, Lakewood, Mount Ho

article thumbnail

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.

article thumbnail

WiredCo extends parental leave policies to pets

Employee Benefits

Australian digital and creative marketing agency WiredCo has extended its parental leave policies to include pet owners, IVF and miscarriages. The agency has introduced five days of paid leave for employees undergoing IVF treatment and two days of leave for their support person. In the event of a miscarriage or stillbirth, employees can take two and four weeks of paid leave respectively.

article thumbnail

Push

HR Lineup

Push is a comprehensive workforce management software solution that offers a range of powerful features designed to streamline and optimize payroll, HR, and workforce management processes. With its user-friendly interface and robust functionality, Push empowers businesses to efficiently manage their workforce while ensuring compliance and accuracy in payroll and HR operations.

article thumbnail

Gucci recognised for gender parity and disability inclusion

Employee Benefits

Credit: Studio Barcelona / Shutterstock.com Fashion brand Gucci has received certification for gender parity from the Italian government and has been recognised as being a best place to work for disability inclusion in the United States (US). Introduced by the Italian National Recovery and Resilience Plan, the certification is based on culture and strategy, governance, human resources processes, opportunities for women’s growth and inclusion, gender pay equity, parental support and work-life bal

article thumbnail

Asanify

HR Lineup

Asanify is a comprehensive payroll and HRMS (Human Resource Management System) platform designed to streamline and automate various aspects of payroll and HR processes for businesses of all sizes. With its user-friendly interface and powerful features, Asanify aims to simplify the complexities of managing employee data, payroll calculations, and HR tasks.

Payroll 52
article thumbnail

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?