Wed.Mar 06, 2024

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IRS Releases 2024 Form 941, Schedules, and Instructions

PayrollOrg

The IRS released the 2024 Form 941, Schedule B, and Schedule R, along with their respective instructions. The lines on the form used to report COVID-19-related credits have been removed.

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Spring Budget 2024: National insurance contribution (NIC) rate cut to 8%

Employee Benefits

Spring Budget 2024: The government is to cut employee national insurance contributions (NICs) by two pence, falling from 10% to 8% from 6 April. In his Spring Budget, Jeremy Hunt, Chancellor of the Exchequer, said that this will save the average worker on a salary of £35,400 around £900 a year, once combined with the 2p cut announced in the Autumn Statement 2023.

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Hybrid working helps women into senior management roles

Workplace Insight

The widespread adoption of hybrid working has opened the door for women to apply for senior positions within their companies, according to a new report released ahead of International Women’s Day. IWG’s 2024 report Advancing Equality: Women in the Hybrid Workplace, based on research among more than 1,000 female hybrid workers, found that flexible working had allowed over half (53 percent) to pursue promotions or apply for more senior roles – which, in an encouraging move for advancing equ

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UMB’s scholarship program creates opportunities for students to pursue higher education

UMB: Emplooyee Benefits

Read how UMB is committed to supporting associates and their families in pursuing higher education through our scholarship program. The post UMB’s scholarship program creates opportunities for students to pursue higher education appeared first on Financial insights for individuals and businesses.

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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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National Insurance saving could be used to boost workplace pension

Employee Benefits

As announced in The Spring Budget, National Insurance (NI) is reducing from 10% to 8% from April 2024. WEALTH at work, a leading financial wellbeing and retirement specialist has run financial education workshops for staff in hundreds of organisations and is encouraging people to consider using this saving in National Insurance if they can, to increase their monthly pension contributions.

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How to interpret gaps in a resume: Red flag or not?

Business Management Daily

Having a gap in your employment history used to be considered a red flag that could greatly hinder your job search. However, much like job-hopping, it’s no longer an uncommon thing to come across gaps in resumes for most candidates. From changing attitudes towards work to the rocky job market created by the COVID-19 pandemic, several factors have led to a rise in career gaps.

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AI In HR 2024: Transforming Talent With Technology

Wellable

1 in 4 organizations now leverage AI for HR. Discover how AI is reshaping hiring, learning, and performance management for more efficient HR practices. The post AI In HR 2024: Transforming Talent With Technology appeared first on Wellable.

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Alabama Overtime Tax Law: Tax Break for Employees, Required Reporting for Employers

Patriot Software

Understand the new Alabama overtime tax law that exempts employees' overtime earnings from state income tax. Get the details and reporting requirements for businesses.

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Hiring up, layoffs down for US employers

Employee Benefit News

Though demand for workers is gradually cooling, there's still more than one available job for every person looking for one.

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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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4 Ways to Support Employees Living with Disabilities

Best Money Moves

4 ways to support employees living with disabilities. Create an accessible workforce and access top talent with these helpful strategies. More than 1 in 10 Americans live with a disability, according to the U.S. Census Bureau. And while people usually think of disabilities in the physical form, many Americans live with “invisible” disabilities. “Unseen” or “invisible” disabilities have symptoms and impairments that are non-apparent, such as chronic pain, learning disabilities, or mental health c

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2024 Excellence in Benefits Awards nominations are now open

Employee Benefit News

Nominations are open until Friday, April 12 to highlight the accomplishments of HR leaders, tech innovators and benefit advisers.

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Darwinbox

การวิเคราะห์ข้อมูลบุคคล หรือ People Analytics คือการใช้เทคโนโลยีในการรวบรวมข้อมูลของพนักงานในองค์กรที่หลากหลายจำนวนมาก มาทำการประมวล วิเคราะห์ และรายงานผล

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Gauging the impact of gamification on employee engagement

Employee Benefit News

Investing in fun incentives will pay dividends in the form of increased productivity, employee loyalty and company ambassadors.

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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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Darwinbox

ก่อนจะเข้าสู่เนื้อหาสำคัญของการ “วางแผนผู้สืบทอดตำแหน่งอย่างไรให้ประสบความสำเร็จ” เราคงต้องมาทำความเข้าใจก่อนว่าการวางแผนผู้สืบทอดตำแหน่งคืออะไร และมีความสำคัญอย่างไรกับองค์กร

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LinkedIn is helping employees upskill with free AI courses

Employee Benefit News

The courses span several industries and proficiency levels in order to be useful to the largest demographic of workers.

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How to keep employees happy on minimum pay rates

Employee Benefits

Credit: M2K7/Shutterstock Need to know: When budgets are under pressure, organisations need to strike the right balance between pay, benefits and other factors such as working conditions and wellbeing. Benefits such as discount schemes, health cash plans and financial education can help employees make their money go further. Communication is key, helping organisations understand what motivates employees but also ensuring they appreciate the value of any benefits on offer.

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With a new employee loyalty program, hourly workers are seeing a big payoff

Employee Benefit News

Employees at PMC earn bonuses that can be cashed in for products, trips and savings options.

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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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Spring Budget 2024: TPR and FCA given powers to enforce Value for Money framework

Employee Benefits

Spring Budget 2024: The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) will have a full range of regulatory powers to ensure employers are adhering to the Value for Money (VFM) framework. Chancellor of the Exchequer, Jeremy Hunt, announced the plans in order to address pension schemes that are “persistently offering poor outcomes for savers”.

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UK businesses risk losing out on top female talent due to ability to support hybrid and flexible working

Workplace Insight

Ahead of International Women’s Day, new data from Ricoh Europe claims that UK and Irish businesses risk losing out on top female talent due to an inability to support workplace flexibility, exacerbated by a lack of technology and fit-for-purpose people policy. The research, conducted by Opinium and analysed by CEBR on behalf of Ricoh Europe , polled 1,000 workers and 250 decision-makers across the UK and Ireland.

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Savvy Hotels offers competitive reward package to attract and engage staff

Employee Benefits

Savvy Hotels runs three hotels across Liverpool and Chester, employing 41 people plus additional casual staff during peak times. As guests’ experiences are so dependent on the service they receive, happy employees are essential. Steven Hesketh, chief executive of Savvy Hotels and founder of The Hospitality Hero, explains: “We’re a family-run business and we want all our staff to feel they belong.

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How are health insurance premiums calculated?

PeopleKeep

If it’s your first time enrolling in a health insurance policy, you’re probably most eager to know how much your coverage will cost. While each type of insurance plan may vary in terms of copayments , coinsurance , and out-of-pocket expenses, no matter what plan type you choose, it will come with a premium to keep your policy active. Knowing how insurance companies determine your premium is the first step to securing comprehensive and affordable health coverage for you and your family.

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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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Spring Budget 2024: DC pensions required to disclose investment in UK equities

Employee Benefits

Spring Budget 2024: Jeremy Hunt, Chancellor of the Exchequer, has announced plans to bring forward requirements for defined contribution (DC) schemes and local government pension schemes (LGPS) to publicly disclose the breakdown of their asset allocation in UK equities. The 2024 Spring Budget report stated that across the pensions industry as a whole, data suggests investment into UK equities has fallen to around 6%.

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Digging Deeper Into Employee Retention Strategies

HR Digest

We moved far too quickly from the “Great Resignation” to the era of mass layoffs and it seems that employee retention strategies were lost in the transition somewhere in between. While organizations are busy trying to redefine their goals and re-establish themselves in their industries, employees have been somewhat forgotten as collateral, forced to adapt quickly to the swaying whims of their companies.

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Spring Budget 2024: Government maintains fuel duty freeze for 12 months

Employee Benefits

Spring Budget 2024: The government is to maintain the current rates of fuel duty for a further 12 months to help support people with the cost of living. The measure, which was announced in the Spring Budget, will save the average car driver £50 in 2024-25 through the extension of the temporary five pence cut and the cancellation of the planned increase in line with inflation for 2024-25.

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The role of AI in healthcare

PeopleKeep

Artificial intelligence (AI) has become integral to many industries, including the healthcare sector. In recent years, AI has revolutionized healthcare by improving patient outcomes, streamlining processes, and reducing costs. From providing more accurate diagnosis and treatment to patient care and administrative tasks, AI is transforming how doctors, insurers, and other providers deliver healthcare.

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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?