Money Talk
FEBRUARY 1, 2024
Many people think you need to earn a high salary (e.g., $100,000+) to become a millionaire. In reality, many people of ordinary means (i.e., middle-income earners like teachers and police) become wealthy over time and achieve a net worth (assets minus debts) of $1million or more. A key factor in their success is financial capability, which includes financial knowledge, decision-making skills, and habits.
PayrollOrg
FEBRUARY 1, 2024
In this February 2024 edition of Compliance TV: DOL issues final FLSA Worker Classification Rule; DOL, IRS issue guidance on new Emergency Savings Accounts; and more.
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BerniePortal
FEBRUARY 1, 2024
The FLSA 2021 IC rule defined “employer” and “employee”, but failed to provide clear definitions of independent contractors and employer-employee relationships. In Rutherford Food Corp v. McComb , the Supreme Court recognized that “there is in the [FLSA] no definition that solves problems as to the limits of the employer-employee relationship under the Act.
Florida Workers' Comp
FEBRUARY 1, 2024
The Alabama Daily News brings word of an Alabama judge who has been "arrested (and) charged with using office for personal gain. I cringe at such headlines. However, in any example of alleged wrongdoing or misfeasance, there are potentials for us all to learn a bit or be reminded of the lines. And, coincidentally, the story is all about "self," Judge Self, that is.
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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.
InterWest Insurance Services
FEBRUARY 1, 2024
The Centers for Medicare and Medicaid Services has published a final rule aimed at improving how prior authorizations are handled by health insurers. The measure primarily limits the time insurers have to approve or deny requests. In addressing wait times for prior approvals, the CMS is targeting an issue that’s become a problem for some patients whose health can deteriorate while waiting for their doctor’s request for service to be approved.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
Employee Benefit News
FEBRUARY 1, 2024
Focusing on preventive care like proper nutrition, exercise and sleep habits is an actionable way for employers to address women's health.
15Five
FEBRUARY 1, 2024
Every workforce is multigenerational. But your employment engagement strategy probably isn’t built with that in mind. You’re probably thinking of people by their job titles and skills — not their generational cohort. That’s not a bad thing, necessarily, but it can lead to one of two problems. Your engagement strategy might be outdated, only engaging older generations, or chase trends favored by younger generations.
Employee Benefit News
FEBRUARY 1, 2024
As more employees become caregivers, access to the right kind of employer support is crucial.
Employee Benefits
FEBRUARY 1, 2024
Credit: Brian Slater Trade union Equity and independent performing arts management association Independent Theatre Council (ITC) have agreed to a pay rise and improved financial provisions as part of a new three-year agreement. The Ethical Manager Agreement 2024-2027, which applies to performers, stage management and choreographers in the independent performing arts sector, will see the minimum weekly and daily rate rise by 5% every year during the agreement’s length.
Advertiser: Paycor
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!
Workplace Insight
FEBRUARY 1, 2024
A while ago, Antony Slumbers asked me why I thought firms had never done anything much about the underutilisation of their offices. This was in the first throes of lockdown-driven remote work hysteria, prompted by one of those headlines about how offices being half empty was some signifier of hatred for them. This ignored the fact office had been half empty, or perhaps more accurately over a third empty, for at least the previous thirty years.
Employee Benefit News
FEBRUARY 1, 2024
A recent study shed some light on how business owners from underserved communities are improving diversity efforts across the board.
HR Lineup
FEBRUARY 1, 2024
In the dynamic landscape of human resources, managing compensation is a crucial aspect that directly impacts an organization’s ability to attract, retain, and motivate employees. Compensation goes beyond just the salary paid to employees and includes various elements designed to reward and recognize their contributions. In this comprehensive guide, we will delve into the intricate world of compensation, exploring both direct and indirect compensation and categorizing the various components
Workplace Insight
FEBRUARY 1, 2024
More than a million women mask period sick days each year because they feel unable to tell their boss the true reason for their absence. The latest research revealed in the Bupa Wellbeing Index , shows that one in eight (13 percent) women have taken time off work in the last 12 months due to symptoms linked to periods, with a third (35 percent) gave a different reason when requesting the time away.
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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.
Business Management Daily
FEBRUARY 1, 2024
In today’s business environment, HR leaders must strategically position their organizations to attract and retain top talent while achieving operational goals. The Gartner business advisory firm says these are the most significant trends HR professionals must be prepared to embrace this year. 1. Helping cover the costs of returning to the office Employees who once worked remotely are acutely aware of the costs associated with going to the office.
Workplace Insight
FEBRUARY 1, 2024
Organisations cannot afford to neglect or pay lip service to employee morale if they want to retain talent, according to new research from MHR [registration]. In its latest Employee Experience report – which identifies employee wellbeing as a huge component of morale – MHR reveals that 75 percent of organisations fail to regularly check in on employee needs and attitudes, for example through satisfaction surveys.
Employee Benefits
FEBRUARY 1, 2024
There is still time to enter the Employee Benefits Awards 2024 following the deadline extension to midnight on Friday 9 February. The awards feature a wide variety of categories designed to enable organisations to showcase their excellence in all areas of reward and benefits. These include: The category for Best public sector benefits, which celebrates the steps a public sector organisation has taken to implement a successful benefits package or initiative for its employees.
Workplace Insight
FEBRUARY 1, 2024
New research investigating how cost of living pressures are impacting the workforce has found that three quarters (74 percent) of HR leaders fear the cost of living crisis is affecting employee performance. In the survey of 500 UK HR Directors, carried out by Nous.co , a third (34 percent) of HR leaders said they’d noticed a drop in productivity due to employees having other things on their minds.
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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
Employee Benefits
FEBRUARY 1, 2024
Global advertising agency Mother has named Alex Morris-Platt as its first chief people officer as part of its goal of being considered one of the best places in the world to work. In the newly created role, Morris-Platt will lead the people and talent teams to deliver innovative and responsive programmes, with the overall aim to attract, grow and retain the world’s best creative talent.
Workplace Insight
FEBRUARY 1, 2024
The vast majority of Chief Information Officers plan to increase AI tool spending in 2024, but say their teams are overwhelmed by the number of apps on the market. As a result, 77 percent are concerned about application sprawl adding to their complexity and security risks. That is according to a new report from Canva which includes insights from more than 1,360 CIOs on their priorities, opportunities and the challenges of managing their IT amid the AI boom.
Employee Benefits
FEBRUARY 1, 2024
Credit: eyematter / Shutterstock.com Retailer Wickes has published its first ethnicity pay gap report, with its mean ethnicity pay gap for 2023 standing at 0.04%. Its median ethnicity pay gap was -0.74%, while its mean ethnicity bonus pay gap was 13.9% and its median was 27%. A total of 96% of white employees and 95% of ethnic minorities received a bonus in 2023.
Employee Benefit News
FEBRUARY 1, 2024
Lina Bond Edwards, partner at RumbergerKirk, breaks down the Biden administration's revised worker classification rule.
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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.
Workplace Insight
FEBRUARY 1, 2024
Seven in ten employees (67 percent full time and 69 percent part time) say that they feel the need to put a brave face on things when asked about their mental health. Half (47 percent full time and 54 percent part time) report that the reason is because bigger things are going on in the world right now and they don’t wish to be a burden, whilst a quarter of full time employees (27 percent) and a third of part time employees (35 percent) don’t believe that people really want to know how the
Employee Benefit News
FEBRUARY 1, 2024
Workers are seeing a gap between job market projections and the reality of finding a good, stable position.
Workplace Insight
FEBRUARY 1, 2024
The Royal Institute of British Architects (RIBA) has published its Smart Building Overlay to the RIBA Plan of Work. Developed with ScanTech Digital , Glider Technology , Kier and Hoare Lea , RIBA says this free resource will support anyone involved in the design of newbuild, retrofit or refurbishment projects to implement smart building technology. The Smart Building Overlay introduces smart building terminology and outlines the benefits of embedding smart building technology from the outset.
Employee Benefits
FEBRUARY 1, 2024
Does recognition fall under compensation or benefits? In my organisation, it sits in compensation, so I thought I was safe from getting involved in the new platform. I have been watching with interest as communications go out promising a new, exciting platform in a matter of weeks. I should have known something was up when Big Bad Boss puts in a random meeting without any subject.
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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?
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