Thu.Sep 07, 2023

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Building Generational Wealth

Money Talk

This year, my husband and I kept our Christmas tree up until late March by converting it to a red Valentine’s Day tree in February and a green St. Patrick’s Day tree in March. Back in March, I posted a photo of my tree full of green shamrocks and noted that my grandparents were Irish immigrants who came to America with dreams for a better life and very little money.

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AI is giving business leaders the heebie-jeebies, new poll suggests

Workplace Insight

An overwhelming majority of business leaders (94 percent) admit to some form of ‘tech anxiety’ when it comes to AI and other technology, according to a new survey from Kin + Carta. This anxiety is on the rise as the pace of digital and technological change accelerates, and is prompting top executives to invest more in digital transformation, according to the survey.

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5 ways to alleviate your employees' hesitations with choosing in an FSA

WEX Inc.

Most employees are about to have the opportunity to re-evaluate their benefits options during open enrollment. Flexible spending accounts (FSAs) are a powerful tool for individuals and employers to save money on healthcare and dependent care expenses. However, despite the numerous advantages, some employees remain hesitant to embrace this valuable resource.

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How to rebuild social connection for high-performance hybrid work: a deep-dive for workplace innovators

Workplace Insight

Social connection is often cited as a justification for return-to-office mandates, many of which are not well received by employees. This suggests that merely spending time in the office isn’t enough to spark the connection that gets ideas flowing, ramps up performance and creates a cohesive culture. So, if physical presence alone isn’t enough to rebuild connection, what is?

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Improving Access To & Utilization Of Cancer Screening With Color

Discover how Color's comprehensive care solution is revolutionizing cancer screening adherence and knowledge. Through an in-depth case study, Color's unique approach to comprehensive cancer care has shown significant benefits in increasing screening rates and enhancing patient knowledge. Participants reported a 2-3x increase in adherence to screening guidelines over just 8 weeks, with 84% of participants increasing their familiarity with timing and frequency of cancer screening.

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Group Health Plan Affordability Level Cut Significantly for 2024

InterWest Insurance Services

The IRS has significantly reduced the group plan affordability threshold — which is used to determine if an employer’s lowest-premium health plan meets the Affordable Care Act rules — for 2024. The threshold for next year has been set at 8.39% of an employee’s household income, down significantly from 9.12% this year. The lower threshold will likely require employers to reduce their employees’ premium cost-sharing level for their lowest-cost plans in 2024, to avoid running afou

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How to ensure your company makes the most of its benefits dollars

Employee Benefit News

A Pew Research Center survey found that 43% of people who quit their jobs did so because of inadequate benefits.

IT 125
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Reward & Recognition: Boost Motivation to Avoid Procrastination

Sodexo Engage

Procrastination costs UK businesses billions each year. Discover how to increase motivation to reduce procrastination through rewarding with eVouchers.

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The pros and cons of a 4-day workweek

Employee Benefit News

Employers who have gone on to make the scheduling shift have cited improvements to retention and company culture.

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The ‘Data Evaluation Requirement’ for NQTLs Under the Newly Proposed MHPAEA Regulations

McDermott Will & Emery Employee Benefits

Last week’s post examined the “no more restrictive” requirement that would apply to non-quantitative treatment limitations (NQTLs) set out in recently proposed regulations under the Mental Health Parity and Addiction Equity Act (MHPAEA). (Our description of the proposed regulations is available here.) The proposed regulations deal principally with NQTLs, which are non-numeric benefit coverage limits […] The post The ‘Data Evaluation Requirement’ for NQTLs Under the Newly Proposed MHPAEA Re

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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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Virtual physical therapy may be a key to battling the opioid crisis

Employee Benefit News

A new report by Hinge Health highlights the benefits of digital therapy in treating pain and keeping employees off of opioids.

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Five Tips for a Successful Benefits Open Enrollment

International Foundation of Employee Benefit Plans

The arrival of fall signals the start of benefits open enrollment season for many organizations. A 2020 International Foundation survey found that benefits open enrollment periods most often begin in October and November—which means open enrollment starts in just a few weeks […] The post Five Tips for a Successful Benefits Open Enrollment appeared first on Word on Benefits.

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Walmart cuts starting pay for some new hires under revamped wage structure

Employee Benefit News

Walmart is maintaining its minimum hourly wage of $14, a rate that took effect earlier this year.

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Narcissistic leaders cause employees undue stress in crisis situations

Workplace Insight

Vulnerable narcissistic leaders are especially likely to make employees irritated during crisis situations, reveals new research from NEOMA Business School. Birgit Schyns, Distinguished Professor of People & Organisations at NEOMA, and co-authors analysed survey data on workers in the UK education sector during the COVID-19 pandemic. Respondents reported their levels of irritation and Coronavirus-related worry in five weekly surveys, as well as their experiences with vulnerable narcissistic

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New American Cancer Society Cancer Statistics: What Employers Need to Know

Explore the latest insights from the American Cancer Society's (ACS) “Cancer Statistics 2024” report, which unveils alarming trends in cancer data. Cancer is on the rise among young adults and diagnoses for 6 of the top 10 most common cancers are escalating. With over 2 million new cancer cases projected in the U.S. this year, employers face increased challenges.

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4 Reasons Employees Hate Open Enrollment Season

Flimp Communications

No one expects open enrollment to be fun, but why can’t it at least be an opportunity for employees to recognize the value of your company’s generous benefits offerings? Here are some of the most common reasons employees dislike OE, along with some quick tips to solve each problem: The post 4 Reasons Employees Hate Open Enrollment Season appeared first on Flimp.

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12 Best Virtual Career Fair Platforms in 2023

HR Lineup

In the ever-evolving landscape of job hunting and recruitment, virtual career fairs have become an integral part of the process. These online platforms offer a convenient and efficient way for job seekers to connect with potential employers and explore career opportunities. As we step into 2023, the demand for virtual career fair platforms is higher than ever.

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5 Emotional Intelligence Skills & Their Benefits

BetterUp

Jump to section What’s emotional intelligence? What are emotional intelligence skills?

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Is AI essential to the recruitment process? It's complicated

Employee Benefit News

Anastasia Pshegodskaya, director of talent acquisition at Remote, explains how recruiters can use AI as a tool, not a weapon.

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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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Lawsuit Proceeds Against Amazon For Scheme to Obstruct a Workers’ Compensation Claim

Workers' Compensation

An injured Amazon fulfillment center worker brought an action against Amazon.com Service LLC [AMAZON] for acts of its Third-Party Administration (TPA), Sedgwick CMA-Philadelphia [SEDGWICK], among other allegations, in interfering with the authorized workers’ compensation physician. The claim arose from a December 2019 knee accident the worker sustained at the AMAZON warehouse.

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Greene King introduces flexible working and family leave policies

Employee Benefits

Pub and brewer Greene King has launched a new flexible working policy and an enhanced suite of family leave policies to support its more than 39,000 employees. The business’ flexible working policy has been implemented ahead of the Employment Relations (Flexible Working) Bill that will come into force next year. Employees will have the right to request flexible working from their first day in a job and be able to request this twice in any 12-month period, with decisions on requests now made with

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Explore Our Diverse Fall Webinar Series with CE Opportunities

AssuredPartners

As the leaves change color and the crisp autumn breeze sets in, it's the perfect time to engage in some professional development. Whether you're a seasoned healthcare professional or just starting your career, our Fall Webinar Series is designed to offer you a wealth of knowledge and help you stay current in the ever-evolving healthcare landscape. With topics ranging from quality assurance performance improvement to infection prevention, preventing pressure injuries, and medication management, t

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Glasgow City Council accredited as living wage employer

Employee Benefits

Glasgow City Council has been accredited as a living wage employer as part of its commitment to pay all of its more than 28,000 employees a wage they can live on. Everyone working at the local authority, including regular workers employed through third-party suppliers, will now receive a minimum hourly wage of at least £10.90 per hour. This is higher than the UK government minimum wage for those aged 23 and above, which currently stands at £10.42 per hour.

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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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The benefits of offering flexible work arrangements

Higginbotham

The nine-to-five office grind doesn’t work for everyone – some workers prefer more flexibility. By offering flexible work arrangements, both employers and employees can enjoy multiple advantages. The “Flexible Working Arrangement” Definition The term “flexible work arrangement” can mean many things, but all definitions of this term are related to when and where employees work.

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Bedfordshire, Cambridgeshire and Hertfordshire Police become menopause-friendly employers

Employee Benefits

Bedfordshire, Cambridgeshire and Hertfordshire (BCH) Police forces have been accredited as menopause-friendly employers in recognition of their high standards and proven practices that embrace the condition in the workplace. The accreditation was established by Henpicked: Menopause in The Workplace and to achieve it, employers must provide evidence of menopause support in their culture, policies and practices, training, engagement , facilities and evaluation.

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Addressing Unconscious Bias in the Hiring Process

eni

In today’s interconnected world, an equitable hiring process isn’t just an ethical choice—it's a business necessity. However, unconscious bias often impedes our best intentions. Recognizing and mitigating these biases is pivotal to fostering a fair and efficient hiring approach.

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20 Best Employee Performance Review Software in 2023

Empuls

63% of employees don't receive feedback as frequently as they want , and the reason could be a lack of systems that support continuous feedback. Good employee feedback software is necessary if you want to automate reviews, and in this article, we’ll help you find the right one. Factors to consider while choosing employee performance review software User interface Ease of use Customization Automation Continuous feedback Goal tracking Analytics Reporting Integrations Value for money 20

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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