August, 2023

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How — and why — employers should make healthcare benefits interesting

Employee Benefit News

Employers should be investing just as much into education as they are into creating robust benefit offerings.

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Report: Group Health Plan Cost Inflation to Pick Up Steam

InterWest Insurance Services

A new report by Aon warns employers to expect average group health insurance costs to increase 8.5% in 2024, as inflation starts hitting the cost of delivering care as well as pharmaceuticals. The report predicts that employers will pay an average of $15,088 in 2024, compared to the average this year of $13,906. The cost hike is almost double the 4.5% increases employers saw in 2022 and 2023.

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Trending Sources

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USCIS Releases Revised Form I-9 to Be Used by November 1

PayrollOrg

On August 1, U.S. Citizenship and Immigration Services (USCIS) published the revised Form I-9, Employment Eligibility Verification, with an edition date of 8-1-23.

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How Does Dental Insurance Work and Is It Worth It?

Fringe Benefit Analysts

You probably know the feeling well. Another six months rolls around and then one day you glance down at your upcoming week’s schedule and there it is, your bi-yearly dentist checkup. But don’t panic. You know the dentist really isn’t as bad as it seems and there are actually some very important reasons to have a dental checkup and cleaning every six months.

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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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How a second opinion healthcare program is saving employers $36k per employee

Employee Benefit News

A virtual appointment with a medical specialist at the Cleveland Clinic helps patients get the right kind of care.

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Dealing with Unresponsive HR: What to Do When HR Ignores Your Concerns

HR Digest

Have you ever found yourself in a situation where HR seems to be turning a blind eye to your concerns? You’re not alone. Dealing with unresponsive HR can be frustrating and disheartening, especially when you’re facing a toxic work environment or an unresolved issue. But fear not! We’ll explore actionable steps you can take when HR ignores your complaints.

Utilities 111
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What will the Flexible Working Act mean for working carers?

Employee Benefits

From 2024, employees will be able to request flexible working hours and patterns twice in a 12-month period and will not have to explain any potential effect on their employer. Organisations will have to consider all requests and provide a reason before rejection within two months. Being able to request flexible working should eliminate any stress, anxiety or worry for employees trying to balance work with caring responsibilities.

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A surprising number of employees wouldn’t mind having an AI as their ‘boss’

Workplace Insight

According to a new poll from the Asana Work Innovation Lab , nearly two-thirds of executives of executives think that artificial intelligence will help their companies reach their objectives. The report also suggests that 36 percent of employees in the United States and United Kingdom already use AI at work at least weekly. And a perhaps surprising number of people wouldn’t mind having their work graded by artificial intelligence or even having a robot as their ‘boss’ The repor

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Is relocation reimbursement taxable? How to assess tax liability for employee relocation

Business Management Daily

There often comes a time when you need employees to move for your business. Perhaps you are opening a new location and want a few of your top team members to lead the charge. Or you may have the perfect promotional opportunity for an employee arise, but it’s at a different branch. When this happens, it’s common to offer relocation reimbursements.

Taxes 98
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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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What are voluntary benefits?

WEX Inc.

Voluntary benefits give employees the opportunity to further customize their benefits package to meet their personal needs. And they serve as an excellent cost-effective recruitment and retention tool for employers as they look for ways to improve their benefits offerings. In fact, 76% of employees in a recent survey said voluntary benefits would entice them to stay at their current company.

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Managing Your Corporate Vehicle Exposure

InterWest Insurance Services

Automobiles are one of the most significant exposures to loss a company can face. To ensure that you effectively manage your company’s vehicle liability and risk exposure, you need to have an effective risk management strategy. Without one, the consequences to your company’s bottom line can be severe. With one, you can reduce your total cost of risk and protect your finances.

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Professionalism in the Workplace: Building a Positive Environment

HR Digest

In today’s competitive and fast-paced work environment, professionalism plays a crucial role in creating a positive and supportive atmosphere. When employees exhibit professionalism, it not only enhances individual growth but also contributes to the overall success of the organization. In this article, we will explore the importance of professionalism in the workplace and discuss strategies to foster a healthy work culture.

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Helen Burgess: Back to school and the impact on employees

Employee Benefits

It’s nearly that time of year again where parents and their children start planning for the return to or start of school. The school day and the typical 9am to 5pm working schedule are not aligned and parent employees may request to change their start and finish times permanently, or ask to work from home on certain days to allow them to perform their work around school hours, if that is possible in their role.

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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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Memories of the Office Age 

Workplace Insight

No author uses the built environment like J G Ballard. In his 1975 novel High-Rise, the eponymous structure is both a way of isolating the group of people who live and compete inside it and a metaphor for their personal isolation and inner struggles. Over the course of three months, the building’s services begin to fail. The 2,000 people within, detached from external realities in the 40-storey building, confronted with their true selves and those of their neighbours, descend into selfishness an

Media 98
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Sixth Circuit Highlights Importance of the Plan Document

Proskauer's Employee Benefits & Executive Compensa

A recent decision by the U.S. Court of Appeals for the Sixth Circuit ( Patterson v. United HealthCare Ins. Co. , No. 22-3167, 2023 WL 4882436 (6th Cir. Aug. 1, 2023 ) ) illustrates the importance of clearly describing key plan terms in the plan document and summary plan description. Incomplete documentation or disclosure can nullify rights of the plan and its sponsor.

Medical 98
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Support your employees’ fertility benefit needs with an HSA or FSA

WEX Inc.

Roughly 1 in 6 adults worldwide are affected by infertility. Reasons can vary, which is why wide-ranging fertility benefits can also improve the lives of any adult wanting to start a family. And did you know that a variety of fertility and infertility treatments are eligible for health savings account (HSA) and medical flexible spending account (FSA) funds?

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2024 ACA Electronic Reporting Requirements

AssuredPartners

Changes for 2024 As 2024 approaches, employers should be aware of the upcoming Affordable Care Act (ACA) reporting changes on the horizon. Since 2015, the standard that employers have been able to rely on when filing their Forms 1094-C and 1095-C was that they could do so by paper rather than electronically if they were filing less than 250 returns.

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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?

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How to Write Up an Employee Properly and Professionally

HR Digest

So, you’ve got to write up an employee. Sigh It’s never fun, but sometimes it’s necessary. But don’t worry, we’re here to help. In this ‘How to Write Up an Employee Guide,’ we’ll walk you through the process of writing a professional employee write-up, from start to finish. We’ll also provide you with ‘How To Write Up An Employee | Email Templates’ so you can see what it should look like.

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Network Rail withdraws annual bonuses for striking employees

Employee Benefits

Network Rail has withdrawn annual bonuses for staff who went on strike in a long-running dispute about pay, jobs and working conditions. Those who participated in strike action from June 2022 onwards will not receive a performance-related payment this year. This decision is likely to affect up to 20,000 members of the RMT union, whose members took industrial action earlier this year.

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What the office of the future will really look like is the office of today

Workplace Insight

It’s a banality to point out that futurism is nowism plus either a robot butler or blasted landscape. So, I was taken with a press release we had last week from Studio Alliance which shows an AI’s depiction of the office of the future at various points over the next quarter of a century. What is most striking to me, if you set aside the Jetson-y outside views, is how much like the office of the present each is.

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LinkedIn Networking Message Templates to Connect with Anyone

BetterUp

Jump to section The importance of a LinkedIn opener 8 LinkedIn message templates to connect with your network What can you do with Linkedin connect messages? What else can you do on LinkedIn?

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6 Steps to a Better Compensation Strategy

Compensation is one of your biggest expenses as a business, but it is also your biggest investment in your people and your culture. A great compensation strategy can be an incredible asset that supports your business goals and lays a foundation of trust between your company and your employees. Whether you already have a compensation strategy in place or you’re building one from scratch, this guide will help you level up your approach through these 6 steps: 1.

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7 considerations when choosing a health plan for the first time

WEX Inc.

Whether you're transitioning from your parents' insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. You’ll likely hear a lot of terms and acronyms that you’ve never heard before. For first-time health insurance and benefits electees, we’re kicking off a three-part blog series just for you to walk through considerations when making these decisions.

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SCOTUS Sets High Bar for Rejecting Religious Accommodation Requests

InterWest Insurance Services

A recent decision by the U.S. Supreme Court will make it more difficult for employers to deny employees’ requests for religious accommodations in the workplace. The unanimous decision by the court in the case of Groff vs. DeJoy basically upends a standard for accommodating religious beliefs that has been in place since 1977. The case concerns a mail carrier who asked not to work on Sundays due to his religious beliefs, after his employer, the U.S.

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People Management Skills: The Key to Effective Leadership

HR Digest

In today’s rapidly changing business landscape, effective people management skills are crucial for leaders and managers. People management encompasses a range of responsibilities, from recruiting and onboarding to training and development, performance management, employee engagement, and more. By mastering these skills, leaders can retain top talent, boost productivity and engagement , and drive overall business success.

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Housing 21 appoints Ian Hodson director of people and culture

Employee Benefits

Housing 21 has appointed Ian Hodson director of people and culture from this month (August). In this role, he will be responsible for all aspects of people management for the housing association’s more than 4,000 employees working across the UK and at its head office in Birmingham, as well as its remote workers. His main priorities will be building on the organisation’s culture and initiatives, such as offering flexible approaches to working patterns and employee wellbeing.

Education 105
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Bridging the Gap: The Intersection of DEI Initiatives and Employee Benefits

Speaker: Jaye Johnson, CBP

Unlock the secrets to transforming your organization’s employee benefits into a strategic tool for Diversity, Equity, and Inclusion (DEI). During this informative session, we will discuss common pitfalls in traditional benefits and then delve into the essence of DEI in employee-centric benefit offerings. This involves not only defining DEI in the workplace but also understanding the pivotal role that employee benefits play in fostering a diverse and inclusive environment.