April, 2024

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The 800-Pound Gorilla

Florida Workers' Comp

Sometimes we struggle with challenges we don’t perhaps fully understand. At times, forces conspire against us, consciously or not. Life is a journey filled with uncertainty, misconceptions, and mysteries. But frequently, the problem is all too clear, an 800-pound gorilla in the room. The world of work faces a systemic dilemma in the midst of the third decade of the 21st century.

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7 Signs Your Company Needs an Employee Benefits Audit

CorpStrat

Are you wondering if your Employee Benefits plan is truly hitting the mark? It’s time to reconsider how you approach delivering employee benefits. Year after year, many businesses let their employee benefits package remain unchanged. This means they’re offering tired, unattractive benefits that don’t compete well in today’s job market.

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Sustainability at the heart of everything… eco-friendly employee benefits

Employee Benefits

Monday, 22nd April, was Earth Day, and this year’s theme is Planet v. Plastics. The organisation is demanding a 60% reduction in the production of all plastics by 2040. Sustainability is at the heart of all we do at Pluxee UK, and we’re constantly striving to innovate our products to provide eco-friendly employee benefits. We’ve moved from reloadable gift cards and paper vouchers to digital alternatives, and we’re thrilled to offer a Virtual First version of our Pluxee Card – a prepaid cas

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Study Finds Child Care Benefits for Employees Effectively Pay for Themselves

Pacific Prime

A new research from Moms First and BCG finds that U.S. employers who invest in childcare benefits experience positive returns on investment, ranging from 90% to 425% ROI. For companies, this is the easiest talent investment decision you can make. This is a huge deal since the rising childcare costs and the lack of childcare. The post Study Finds Child Care Benefits for Employees Effectively Pay for Themselves appeared first on Pacific Prime's Blog.

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Creating a Company Culture of Care: Integrating Mental Health, Wellbeing, and DEI in Benefits

Speaker: Sean Raible

Picture a workplace where physiological safety is not just an aim but a reality, driven by thoughtful employee benefits that prioritize mental health, wellbeing, and DEI. 🤔 ✨ Achieving this vision requires more than just occasional training sessions and employee assistance programs. Moving beyond the basics, this vision calls for a holistic approach that integrates these elements into your company culture as well as your HR and benefits strategy.

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Flexible working rights stand to benefit millions of people

Workplace Insight

From today (April 6th 2024), UK employees will have the legal right to request flexible working from their first day in a new job. Under the updated regulations, employers must engage in discussions with employees and consider alternative solutions before declining a flexible working request. Decisions on applications must now be made within two months, reducing the previous timeframe of three months, which includes any appeals.

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Retire on Fire Class Series: Key Take-Aways

Money Talk

As the author of a book about transitions in later life, I recently served as a presenter for one session of a five-week online course called Retire on Fire: How You Can Thrive in Retirement. It was a pro bono presentation but one of the perks for doing so was free registration for the course and an opportunity to learn from the four other instructors.

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Build Trust at Work: UKG HR and Payroll eSymposium

HR Bartender

(Editor’s Note: Today’s article is brought to you by our friends at UKG , a leading provider of HR, payroll, workforce management, and culture cloud solutions. Newsweek named UKG for the second consecutive year to their Greatest Workplaces for Women. Congrats to them and enjoy the article!) I belong to a couple of online human resources groups. I’m sure you do too.

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How to strike a balance between managing staff wellbeing and financial pressures

Employee Benefits

Credit: Andrey_Popov/Shutterstock Need to know: The cost-of-living crisis is forcing more employees to take on additional work due to financial pressures, raising concerns around burnout. Pay strategies such as targeted pay increases, performance-related bonuses and earned wage access can help. Employers need to ensure there is a culture where people can discuss financial concerns.

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How the Age Discrimination in Employment Act Protects Older Employees

HR Digest

The Age Discrimination in Employment Act (ADEA), established in 1967, serves as a crucial safeguard against workplace inequality, explicitly prohibiting age discrimination against individuals who are 40 years of age or older. It encompasses a wide scope, covering employers, employment agencies, and labor organizations under its protections, except where specific exemptions apply.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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We can have a dramatic impact on people’s lives with simple, small and cost-free changes

Workplace Insight

London, the crouching monster, like every other monster has to breathe, and breathe it does in its own obscure, malignant way. Its vital oxygen is composed of suburban working men and women of all kinds, who every morning are sucked up through an infinitely complicated respiratory apparatus of trains and termini into the mighty congested lungs, held there for a number of hours, and then, in the evening, exhaled violently through the same channels.

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Amplifying rewards and recognition impact through HRIS integrations

Achievers

Integrating Human Resource Information Systems (HRIS) with rewards and recognition platforms presents transformative potential for organizations, positively impacting culture and employee experience. Research firm Everest Group guest bloggers Lokesh Goyal and Varun Madan offer benefits and insights for successful implementation As organizations navigate the constant evolution of workplace dynamics, the significance of HR technology has become increasingly apparent.

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Highlights of Recent Webinars: First Quarter 2024

Money Talk

Every quarter, I like to review and summarize my notes from webinars I attended during the last three months. Below are some interesting tidbits from recent programs that I attended: Future Self Thinking - Many people often think of their “future self” (who they will be decades in the future) as a stranger. As a result, they don’t think about the consequences of doing something now because their actions are affecting another person rather than themselves personally.

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The Complete Guide to Employee Recognition Surveys: 30 Questions You Need

Vantage Circle

Recognized Employees = Productive Employees. According to a SHRM survey over 91% of HR professionals believe that recognition and rewards make employees more likely to stay. According to a survey conducted by Achievers, 83% of HR leaders said that recognition programs had a positive impact on employee engagement. How many of you have felt the “high” after getting a “Job well done” That's the essence of employee recognition – feeling valued for your hard wo

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6 Strategies to Navigate Social Determinants of Health for a Better Workplace

In today’s dynamic work landscape, where the lines between personal and professional life blur, understanding the intricate interplay between social determinants of health (SDoH) and emotional wellbeing is paramount. Employers must acknowledge that the whole person comes to work and every aspect of a person’s personal and professional life, especially their mental health, comes with them.

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Just 35% of employees feel confident in choosing how to access their pension

Employee Benefits

Just over one-third of pension savers (35%) feel confident to make decisions such as choosing how to access their pension when they reach retirement age, according to research by workplace pension scheme provider TPT Retirement Solutions. Its survey of more than 2,500 defined contribution (DC) scheme members also found that a similar proportion of respondents were unsure about how to best deploy their savings when they retire, with 39% not knowing what they will do with the majority of their pen

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5 Effective Tools to Enhance Employee Engagement and Retention

HR Digest

Employee retention is crucial for the success of any organization and the tools you use to enhance employee engagement are just as important. Engaged employees are more productive, loyal, and motivated, leading to improved business outcomes. In today’s competitive job market, businesses need to invest in the best employee engagement tools to attract, engage, and retain top talent.

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Virtual meetings can boost wellbeing and performance

Workplace Insight

Virtual meetings – often derided as impersonal and prone to technical glitches – can improve employee wellbeing and performance, a new study led by a Trinity Business School researcher has found. The research, conducted alongside Karin S. Moser (UniDistance Suisse, University of Queensland), Stefan Diestel (University of Wuppertal) and Isaac Alshaikh (South East Technological University Waterford), conducted during the ongoing shift to hybrid work environments and just published in the Journal o

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Nurses appreciation week: A week of gratitude for our healthcare heroes

Achievers

Did you know there are over 4.7 million registered nurses in the U.S. , making them the largest group of healthcare professionals in the country? National Nurses Week is your time to honor these amazing healthcare heroes. Take a moment to recognize the tireless dedication, compassion, and skill of nurses who make a difference in countless lives every day and show your appreciation for these healthcare champions.

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HR Trends to Watch in 2024 + Plus Advice for Driving Impact!

The pressure is on to create a positive onboarding experience. Plus, a sub-par onboarding process can domino into other concerns such as low performance, burnout (for you and new hires), and retention challenges. Our 2024 State of HR report will give you a realistic picture of the HR landscape and tips to onboarding effectively in the year to come.

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Individual Retirement Accounts: What You Need to Know

Money Talk

The 2023 income tax filing deadline is only days away (April 15, 2024 in most of the U.S.). It will be a busy weekend for many taxpayers and tax preparers who are filing tax returns or tax filing extensions. One of the few things that taxpayers can do to reduce their income taxes after a calendar year ends is to make a tax-deductible contribution to a traditional individual retirement account (IRA) or a SEP-IRA (for small business owners and/or their employees).

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Guide to MEC plans

PeopleKeep

Some employers must provide a health insurance plan with minimum essential coverage (MEC) to avoid penalties under the Affordable Care Act (ACA) and ensure employees have access to essential healthcare services. In some cases, these employers may consider a type of group plan called a MEC plan. However, simply providing a no-frills MEC plan instead of a more comprehensive health benefit may not be enough to meet the needs of your employees.

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Michelin guarantees global living wage and enhances parental and healthcare benefits

Employee Benefits

Credit: ricochet64 / Shutterstock.com Tyre manufacturing organisation Michelin is to guarantee a living wage for its more than 100,000 global employees, as well as enhancing parental and healthcare benefits. As part of its deployment of a living wage worldwide, to guarantee employees a salary equivalent to at least the living wage, Michelin received the global living wage employer certification from the Fair Wage Network.

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Why mental health coverage should include sensory deprivation therapy

Employee Benefit News

Dr. Chris Pagnani, medical director of Rittenhouse Psychiatric Associates, breaks down the benefits of reduced environmental stimulation therapy.

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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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A just in time lesson about office design

Workplace Insight

The nascent years of new ways of working in the late 80s and early 90s coincided with a widely held but soon to be discarded belief that the Japanese had cracked management practices. So it was perhaps inevitable that the principles of a process called just in time manufacturing – most famously applied in the factories of Toyota – should migrate to new forms of office design and the rapidly developing practice of flexible working.

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What is an OKR? A guide to using OKRs to reach your goals

Achievers

Objectives and key results (OKRs) are a powerful framework for aligning employee efforts with organizational goals. Whether it’s driving revenue growth, improving customer satisfaction, or boosting employee engagement, OKRs provide clarity and direction for employees at all levels. They establish meaningful goals and define clear metrics that let team members track progress towards them, encouraging a culture of transparency and accountability.

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Inside NFI: Jerrice’s journey as a female trucker

WEX Inc.

Welcome back to our series, diving into the world of trucking, where we continue to explore the stories that shape the transportation and logistics industries. Check out part one , which explores truck driver empowerment and recruitment with insights from NFI’s Recruitment Marketing Team. Meet Jerrice Jerrice, a trucker based out of South Bend, Indiana, defies convention when you imagine who is out there driving the big rigs.

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National Employee Benefits Day Is April 2—How You Can Celebrate

International Foundation of Employee Benefit Plans

National Employee Benefits Day is April 2. For 2024 the focus is on how workplaces can create community to combat loneliness and foster belonging. Get resources in today's blog. The post National Employee Benefits Day Is April 2—How You Can Celebrate appeared first on Word on Benefits.

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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.