Employee Benefits

NOVEMBER 15, 2023

For the last 11 years, BT has rolled out a programme of financial education for its employees to help them plan for retirement. So far, it has been delivered to approximately 80,000 of its UK employees. Kerry Shiels, pension and benefits director at BT, says: “It is very important that employees understand their BT pension and the retirement decisions they will need to make in the lead up to, and at, retirement.

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Workplace Insight

NOVEMBER 15, 2023

Office workers now spend more time in the office, with the average creeping up to three and a half days per week compared to three days in 2022 , according to a new report from international law firm, Gowling WLG. The report, titled Strategic moves: why the office is now a business-critical decision [registration], surveyed senior representatives responsible for making office lease decisions in companies, and a selection of office workers.

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Employee Benefits

NOVEMBER 15, 2023

Need to know: Employers can tailor content and communication channels to different employee groups to help with their pensions knowledge. Losing the jargon will make the language of pensions easier to understand and more relevant to staff. They could invest in financial coaching for a more personal approach to pensions education. Workplace pensions are one of the most valuable elements of the benefits package.

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Business Management Daily

NOVEMBER 15, 2023

Most managers understand the importance of providing timely feedback to their direct reports, but it’s important to remember that feedback isn’t just for employees, Effective leaders also welcome and request constructive feedback. Receiving actionable feedback from your peers and direct reports is a great way to aid your own professional development as a manager.

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PeopleKeep

NOVEMBER 15, 2023

Healthcare costs continue to rise , making it increasingly difficult for people to find affordable coverage. In response to this, catastrophic health plans have emerged as an alternative option for those who are relatively healthy and primarily seeking coverage in case of major medical events.

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Employee Benefits

NOVEMBER 15, 2023

With 50% of employers planning to increase spend on financial wellbeing in place of offering wage increases and cost-of-living payments, it’s never been more important to make employee benefits sustainable. Salary sacrifice solutions can help to make employee benefits cost-neutral, freeing up the budget to utilise in other business areas. Read on to discover the financial wellbeing trends we expect in 2024 and how you can embed them within your business.

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Employee Benefit News

NOVEMBER 15, 2023

Checkr ranks the 100 largest cities in the U.S. according to which ones offer the best professional opportunities for women.

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PayrollOrg

NOVEMBER 15, 2023

The third quarter edition of the SSA/IRS Reporter contains three PAYO articles.

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Employee Benefit News

NOVEMBER 15, 2023

Recently, retaliation has been claimed when employees incurred significant medical expenses that were to be paid by their employers.

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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.

Employment

Wellable

NOVEMBER 15, 2023

More moms are taking career breaks. These aren’t setbacks—they are opportunities for upskilling. How can employers support mothers returning to work? The post Parental Pauses: Empowering Mothers Re-Entering The Workforce appeared first on Wellable.

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McDermott Will & Emery Employee Benefits

NOVEMBER 15, 2023

Numerous states—including Alaska, Wisconsin, Ohio and Oregon—have been busy finalizing rulemaking and legislation advancing hybrid healthcare models, modernizing licensure infrastructures and incentivizing telehealth. What have these states been up to over the last month? Read more here. The post States Move to Standardize Healthcare Licensing Requirements appeared first on EMPLOYEE BENEFITS BLOG.

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Workplace Insight

NOVEMBER 15, 2023

Mark Eltringham is joined for a glass of red wine (or two) by Esme Banks-Marr of BVN architects and Jo Sutherland of Magenta. They discuss the joys of shared space, when people should tell AI to FO, the limits of workplace design, how to create a great culture wherever people work and much more. This is the first in a new series which we hope to publish every week.

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Employee Benefit News

NOVEMBER 15, 2023

Data from Perceptyx found that employees with meeting-heavy schedules were twice as lonely as those with emptier calendars.

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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.

Workplace Insight

NOVEMBER 15, 2023

A new report on social mobility, conducted by the charity Making The Leap , claims that only a third of employers (35 percent) took any action on the retention and inclusion of job candidates from less advantaged socio-economic backgrounds (LSEB) candidates this year. This is down from 53 percent in 2022, showing a significant decline in prioritising a key element of social mobility, and significantly lower than those that say they are focussed on recruiting candidates.

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International Foundation of Employee Benefit Plans

NOVEMBER 15, 2023

Although most employees have no intention of stealing from their employers, fraud happens regularly to employers in every country, regardless of the size of the company or the industry. In the webcast, Employee Fraud—Prevention, Detection and Response, recorded on October 10, 2023, […] The post Recognizing Warning Signs of Employee Fraud Through Prevention, Detection and Response appeared first on Word on Benefits.

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Workplace Insight

NOVEMBER 15, 2023

A new survey from JLL, Is hybrid really working? [registration] claims that the majority of international organisations (87 percent) are encouraging employees to work from the office at least some of the time. In fact, only 20 percent of employees who can work remotely all of the time or one-two days in the office now do so, down from 39 percent a year ago.

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Employee Benefit News

NOVEMBER 15, 2023

Does the tech giant's move signal the return of pensions? John Lowell of October Three consulting weighs in.

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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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Employee Benefits

NOVEMBER 15, 2023

Fostering, social work and adoption agency True Fostering has become an employee owned after setting up an employee ownership trust (EOT) for its workforce. True Fostering, which operates under the Centre of Excellence in Child Trauma umbrella, made the decision to transition to an EOT structure to position it as a front-runner in its sector and to solidify its dedication to the wellbeing of children and foster families.

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cipHR

NOVEMBER 15, 2023

Learning management systems (LMS) and learning experience platforms (LXP) are — contrary to widespread belief — not interchangeable terms. Functionality and aesthetic are two major differentiators between these two platform types, which will affect their suitability for your organisation. Learn more about the features and uses of an LXP, and how it’s different to an LMS Decisions are difficult.

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Employee Benefits

NOVEMBER 15, 2023

Barrhead Travel has launcheda dedicated team of menopause champions to support its 500 employees. The team comprises five volunteer employees that represent departments across the business. It includes staff who have experienced menopause, are currently going through menopause and passionate advocates. The team’s priorities will focus on education and advice for all employees, whether they are experiencing the menopause themselves or looking to support loved ones.

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Benefit Resource Inc.

NOVEMBER 15, 2023

In the dynamic landscape of the modern workforce, employers and HR professionals are faced with the challenge of not only attracting top talent but also ensuring the well-being of their existing employees. One often-overlooked aspect that plays a pivotal role in employee satisfaction, particularly during times of inflation, is the impact of rising costs on employee benefits.

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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.

Management

Employee Benefits

NOVEMBER 15, 2023

RSA Insurance is to introduce equal parental leave from January 2024 in order to add to its family-friendly provision. The new policy will offer all parents up to 52 weeks of equal leave, 26 of which will be fully paid. It will apply to any employee with six months’ service, whose child or children are born or adopted after 1 January 2024. It has made the move to enhance and equalise parental leave to allow all staff to share in the first months of parenthood and re-balance the responsibilities

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The Workcomp Writer

NOVEMBER 15, 2023

In a split decision that will likely have to be ultimately determined by the Supreme Court of Pennsylvania, the state’s Commonwealth Court held that the Pennsylvania Workers’ Compensation Appeals Board committed error when it reversed a Workers’ Compensation Judge’s decision granting a claimant’s penalty petition for the employer’s refusal to reimburse the claimant for cannabinoid (CBD) oil prescribed by the claimant’s treating physician [ Schmidt v.

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Employee Benefits

NOVEMBER 15, 2023

In the legal case Follows v Nationwide Building Society , an employee was awarded almost £350,000 in compensation after successfully claiming unfair dismissal and indirect disability discrimination by association. The case serves as a stark reminder for employers to exercise caution when imposing mandates for employees to return to the office, particularly without considering individual circumstances.

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BerniePortal

NOVEMBER 15, 2023

Why Should Employers Care About the UAW Strike? Throughout American history, unions have committed resources and manpower to strikes. Strikes occur when a planned employee walk-out or refusal to work results in halted production, forcing companies to agree to terms or face financial losses. The UAW, or the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America, executed one of the most impactful strikes in recent U.S. history.

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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

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