Mon.Aug 14, 2023

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Roadshows were secret to success when Ford moved to pensions master trust

Employee Benefits

When Ford Motor Company moved to a master trust in April 2022, explaining the changes to people at pensions roadshows was a priority. Oliver Payne, international pensions and data analytics manager at Ford and founder of the Reinventing Pensions event, explains: “The reason for that is you get people’s focused attention. No matter how well you write a letter or e-mail, there is always something else competing for someone’s attention while they’re reading it.

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FSA carryover: What it is and what it means for you

WEX Inc.

A flexible spending account (FSA) carryover is one way you can provide flexibility to employees who participate in these accounts. We break down FSA carryovers below. Read our blog posts on grace periods and run-out periods for the rest of the series. Can FSA funds carry over to next year? Yes, employers do have the option of providing employees with an FSA carryover.

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How to sell pensions change into an organisation

Employee Benefits

Need to know: Change will happen when it comes to employers’ pensions plans. Whatever the change, some universal principles remain true. Stakeholders should be involved early, to ensure they can voice any objections and feel involved in the process. Avoid legalese; be honest, clear and concise. If it is bad news, upfront about why the decision is being made and explain the reasoning behind it.

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5 Business Communication Skills to Perfect

BetterUp

Jump to section The importance of business communication skills 5 essential business communication skills 6 effective business communication techniques Final tips for improving your communication skills How to include business communication skills in job applications Make sure everyone gets the memo

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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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Key Elements for a Successful Employee Training Program

HR Digest

Remember the good old days when employees were left to figure things out on their own? When training was nothing more than a mere suggestion, and the only development opportunities were the occasional team-building retreats? Well, those days are long gone. In today’s rapidly evolving business landscape, organizations understand the importance of investing in their employees through comprehensive and effective training programs.

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5 Ways CorpStrat Outshines Other Benefits Brokers

CorpStrat

As the Fall season approaches, we’re excited to present you with five compelling reasons to continue partnering with CorpStrat for your Fall benefits. Your benefits plan is a crucial aspect of your company’s well-being, and our dedication to excellence ensures that you receive the best service possible. 1. Expertise that Shines: Unveiling the Brilliance of CorpStrat’s Cutting-Edge Brokerage Our reputation within the industry is a testament to our expertise.

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Firms look to consolidate office space in response to persistence of hybrid working

Workplace Insight

Workers able to work remotely are still only coming into an office for an average of 1.75 days a week, a study of 119 workplaces in 22 countries by workplace consultancy AWA claims. The responses, collated in April-May 2023 and representing organisations employing close to 155,000 people, saw a slight increase on AWA’s study a year ago, indicating that office attendance has reached a more or less steady state and that hybrid working is still a favoured solution.

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Weighing the benefits of Ozempic and Wegovy in health plans

Employee Benefit News

Mindful that there's no magic pill, it's also important to encourage behavioral modification, a reduced calorie diet and physical activity.

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Free COVID-19 Testing Coverage: How A Task Force Decision Could Impact Employers 

Wellable

While the pandemic is in the rearview mirror, the USPSTF is on the brink of recommending widespread COVID-19 screening. How will this impact employers? The post Free COVID-19 Testing Coverage: How A Task Force Decision Could Impact Employers appeared first on Wellable.

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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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70% of managers feel incapable of supporting employee well-being

Employee Benefit News

A new survey from Deloitte shows that more accountability is needed within organizations to truly improve workforce mental health.

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FCA compliance training online: how to engage your learners

cipHR

Online FCA compliance training courses from Ciphr will help your learners stay changing regulations, including the Consumer Duty, SMCR, and more FCA-regulated retail and wholesale firms are facing an increasingly complex and ever-changing landscape of regulatory requirements, from compliance with the Consumer Duty to minimum CPD (continuous professional development) standards.

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Do trans employees feel seen and safe? How to audit your HR policies and benefits

Employee Benefit News

In the wake of sweeping anti-transgender legislation and rhetoric, trans employees need more from their employers to feel safe at work.

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Unveiling the Secrets of Successful Procurement Coordinators in a Dynamic Environment

Professionals Alternative

[link] Unveiling the Secrets of Successful Procurement Coordinators in a Dynamic Environment Introduction to Procurement Coordinators In today’s fast-paced business world, the role of a procurement coordinator is pivotal in ensuring the smooth functioning of procurement operations. Procurement coordinators are responsible for managing the purchasing process, working closely with vendors, and ensuring the timely delivery of goods and services.

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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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401(k) catch-up questions leave high earners in limbo

Employee Benefit News

The challenges and opportunities of required Roth contributions are taking a backseat for now to legislative and operational messes from the Secure 2.0 law.

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Land Prices on the Rise Again

AssuredPartners

After years of flat cropland values (2014 – 2020), prices have risen an average of $1,300 an acre in the last few years. These increases in land values have come at the same time farmers are enjoying back-to-back years of record-high farm income, with income forecasts from the USDA predicted to be the third-highest this year. SDA’s annual Land Values report estimated cropland to be worth an average of $5,460 an acre nationwide this year, compared to $4,100 in 2020, when the accelerat

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How to Minimize Interview No-Show Disappointments Keywords

Professionals Alternative

[link] The Art of Demo Engagement: How to Keep Prospects Hooked and Ensure Attendance ‍ ‍Introduction to Demo Engagement As a sales professional, one of the biggest challenges is getting prospects to attend your demos. You put in a lot of effort to create compelling presentations, craft persuasive invitations, and schedule appointments, only to have prospects not show up.

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First look at Sustainable Design China Summit taking place in Beijing this September

Workplace Insight

Following on from its successful launch last year, the Sustainable Design China Summit returns for 2023. The event, an evolution of Design China Beijing, is held at the Beijing Exhibition Center from 21-23 September 2023 and is a must-visit for designers, architects, developers, and decision makers looking to design a sustainable future. Thanks to a change of venue, the event organisers are this year able to expand the exhibition area.

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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 Strategic Human Resource Management? How it can Help in Effective Gowth of Your Business

Qandle

In the symphony of business, where aspirations meet action, lies a fundamental truth: success is not solely built on products and strategies but on the people who breathe life into them. In this era of transformative growth, the role of human resource strategy has transcended from a backstage function to a strategic orchestrator of business success.

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Canon UK and Ireland names new HR director

Employee Benefits

Canon UK and Ireland has appointed Kathryn Scott as its new HR director as of this month, replacing Debbie Brown who has moved internally to a new role as EMEA HR director, DRBG. In her new role, Scott will be responsible for driving forward the organisation’s people vision and inclusive culture , as well as supporting it in continuing to develop a growth mindset to help it realise its mid-term growth ambitions.

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How Does Alcohol Affect Sleep?

BetterUp

The association between alcohol and sleep is confusing to many. Alcohol is a central nervous system depressant, meaning it slows down all of the functions of your brain, ranging from thinking to breathing and other automatic functions. Therefore, the effects of alcohol also span to sleep patterns. Here are the ways alcohol can impact sleep and what you can do to mitigate it.

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The Watches of Switzerland Group accredited as living wage employer

Employee Benefits

Credit: T. Schneider / Shutterstock.com The Watches of Switzerland Group has been accredited as a real living wage employer by the Living Wage Foundation. As a result of this commitment, every Watches of Switzerland Group employee will receive a minimum hourly wage of £11.95 for those based in London and £10.90 for the rest of the UK. Both of these rates are higher than the government’s national living wage for those aged 23 and above, which currently stands at £10.42 per hour.

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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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25 Top Employee Diwali Gift Ideas in 2023

Empuls

Amidst the crisp autumn breeze and the vibrant hues of festive lights, the season of Diwali graces us with its warmth and splendor once again. As the world gets ready to celebrate the festival of lights, an equally luminous tradition takes center stage in the corporate realm – the art of giving Beyond spreadsheets and meetings, there's a heartfelt gesture that bridges the gap between employers and employees – Corporate Diwali gifts for employees.

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Scottish Opera and Royal College of Physicians and Surgeons of Glasgow launch financial wellbeing support

Employee Benefits

Credit: TreasureGalore / Shutterstock.com Scottish Opera and the Royal College of Physicians and Surgeons of Glasgow have introduced a financial wellbeing scheme in order to support their workforces. The two Glasgow-based employers have a combined total of more than 350 employees. Provided by Glasgow Credit Union, its Employer Partner scheme offers staff at both organisations access to competitively priced loans, savings and mortgage products via salary deductions at no additional cost.

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QR codes, webinars and digital access: WTW's top tips for open enrollment

Employee Benefit News

For open enrollment, a "one size fits all" strategy may not be best. Rather, employers should tailor their communications to specific demographics.

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Each Person Announces the Relaunch of their Diesel Card

Employee Benefits

Each Person Helps People Save More on Diesel by Relaunching the Diesel Card Across the UK and Northern Ireland! Due to the success of the Diesel Card, Each Person has taken the time to increase the benefits and is ready to relaunch in August. A number of new outstanding improvements have been introduced to deal with the high level of demand, compete with the lowest diesel card rates in the market, and, most importantly, help people save more money on diesel.

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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?