September, 2023

article thumbnail

Risk Scores Impact Employee Benefit Costs

AssuredPartners

Over the past several years, we’ve seen unprecedented medical inflation, causing many employers to ask how to control benefit costs and increase productivity. After exhausting the supply side of healthcare through decreased benefits, spousal carve-outs, etc., employers seem to be running out of options. One current strategy is to look at the demand side of healthcare – lowering employer and employee risks using wellness programs and improved population management.

article thumbnail

Top 10 Enterprise Payroll Software in 2023

HR Lineup

Payroll management is critical for businesses of all sizes, but it becomes especially complex for enterprises with a large workforce. In 2023, enterprise payroll software has evolved to offer advanced features that streamline the payroll process, ensure compliance with tax regulations, and enhance employee self-service options. To help you choose the right solution for your organization, we’ve compiled a list of the top 10 enterprise payroll software options for 2023. 1.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

12 types of employee stipends and examples of each

PeopleKeep

Offering robust employee benefits can greatly help companies that are looking to attract and retain top talent. In addition to offering traditional benefits like health insurance or retirement contributions, more employers are offering stipends to employees. These are additional funds an employer provides to cover specific employee expenses on a one-time basis or on a regular cadence.

article thumbnail

Two in five older staff are unaware of their total retirement savings

Employee Benefits

Two-fifths of older employees are unaware of how much they have saved for retirement, according to research by workplace savings and pensions fintech Cushon. Its survey of more than 2,000 employees enrolled into a workplace pension found that older employees have less clarity over the value of their retirement pension pots , as 41% of those aged 55 and above are not sure how much they have saved, compared to almost three in 10 (28%) of all UK staff.

Pension 118
article thumbnail

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.

article thumbnail

Artificial Intelligence and the Candidate Experience – hr bartender

HR Bartender

Estimated reading time: 3 minutes I’ve talked to a few recruiters recently who are very concerned about artificial intelligence (AI) replacing them. It reminded me that several years ago, I asked a few people in the technology and talent acquisition space this very question about technology replacing recruiters. I believe their comments are still spot on today.

More Trending

article thumbnail

A 100-Year Old Journey of Human Resource Management

HR Digest

If you think the challenges faced by Human Resource Management (HRM) today are unprecedented, think again. HR professionals have been at the forefront of change for over a century, constantly adapting to the shifting landscape of the workplace. From labor unrest to economic crises, wars to civil rights movements, HRM has weathered it all. Join us on a journey through time as we explore the fascinating evolution of the HR department and its functions.

article thumbnail

District Court Replaces Plan Trustees With Independent Fiduciary

Proskauer's Employee Benefits & Executive Compensa

In Su v. Fensler , No. 22-cv-01030, 2023 WL 5152640 (N.D. Ill. Aug. 10, 2023), the court granted the Department of Labor’s motion for a preliminary injunction to replace with an independent fiduciary the trustees of the United Employee Benefit Fund, who are accused of breaching their fiduciary duties by using Fund assets to engage in prohibited transactions.

article thumbnail

Hard Skills? Definition & Examples for Your Resume

BetterUp

Jump to section The definition of hard skills 5 valuable types of hard skills Best hard skills to put on a resume for in-demand jobs Hard skills are an easy sell

111
111
article thumbnail

77% of employers say competition for talent is key issue influencing benefits

Employee Benefits

Competition for talent was cited by three-quarters (77%) of employers as a key issue influencing their benefits strategy , according to research by global advisory, broking and solutions firm Willis Towers Watson (WTW). Its Benefits trends survey , which surveyed 339 UK organisations across a range of industries about their benefit strategies, also found that despite 45% of UK employees favouring workplace benefits that support long-term finances and retirement, more than half of employer respo

article thumbnail

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!

article thumbnail

Bookmark This! Workplace Ethics Edition – The HR Bartender Show

HR Bartender

Estimated reading time: 3 minutes In our second season of The HR Bartender Show, we focused on change management. We are constantly being faced with change. Some big, others small. Some impact our professional lives, and others on a personal level. It’s important that we know how to manage change. That’s why I think it’s so applicable to focus season three on workplace ethics.

article thumbnail

Not many people want fully remote work, but nearly everybody wants a better office

Workplace Insight

Just 7 percent of UK office workers back fully remote work, but eight in ten would like to see significant improvements to their company’s office and more support for flexible working, according to the Sony State of Offices Report 2023 [registration]. The report from Sony Professional Displays and Solutions Europe suggests that over two fifths (41 percent) of UK office workers still prefer to work from a dedicated company office, and across Europe this trend is even more pronounced with ov

article thumbnail

Meet EBN's 2023 Excellence in Benefits winners

Employee Benefit News

Get to know the HR leaders, tech innovators and benefit advisers who went above and beyond in 2023 to support employees and clients.

article thumbnail

Ninth Circuit: Changes to a Services Agreement Require Consideration of Indirect Compensation

Proskauer's Employee Benefits & Executive Compensa

A recent Ninth Circuit decision has generated considerable controversy amongst employee benefits practitioners by holding that plan fiduciaries engaged in prohibited transactions when they amended the plan’s existing recordkeeping contract to add brokerage and investment advisory services. In so ruling, the Court remanded the case to the district court to consider whether the transactions fell within the exemption for reasonable service agreements and, independently, whether it was imprudent for

401(k) 110
article thumbnail

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.

article thumbnail

What Is Resume Screening and Why Should Your Company Invest in It?

HR Digest

As the initiation step of the hiring process, resume screening refers to the process of scanning an applicant’s resume for key traits that match a job description or candidate profile that has been set for a position. Forbes credits Leonardo DaVinci for having created the first instance of a resume in his letter of appeal to the Duke of Milan, but we have come a long way since then, in curating the content of a resume as well as defining what resume screening is.

IT 105
article thumbnail

How to address a toxic workplace culture

Employee Benefits

Need to know: Toxic workplace cultures exist in many UK oganisations, with leaders and managers often to blame. Creating a culture where employees can raise concerns is essential to overcoming such environments. Organisations need to think about how they react where examples of toxic behaviour do occur. Allegations of toxicity and harassment at the broadcaster ITV, and of those who raised concerns facing bullying and discrimination, show just how damaging a toxic culture can be, both for those w

article thumbnail

Workplace Ethics [Episode 5] Jacob Ficner on Managing Ethical Risk with Technology

HR Bartender

Estimated reading time: 3 minutes Organizations want to operate in an ethical manner. They also want to be effective and efficient. There’s no reason that organizations have to compromise on doing it all. It starts with building a good foundation of ethics. But then organizations need to think about how to maintain ethics, no different that regularly examining data and information to ensure effectiveness and efficiency.

article thumbnail

Workers increasingly concerned that AI will come for their job in the very near future

Workplace Insight

Two thirds of IT workers and nearly half of office workers think that generative AI may come for their jobs within five years, according to a new report from Ivanti. The poll of nearly 8,000 respondents worldwide also suggests that 57 percent of people report ‘serious friction’ with workplace technology at least weekly and 61 percent say negative experiences with work tech affects their morale.

article thumbnail

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?

article thumbnail

Unveiling Darwinbox Engage: Listen, Decode, Act | Employee Listening Solution

Darwinbox

We are excited to announce the launch of Darwinbox Engage, our state-of-the-art employee listening solution. Darwinbox Engage helps you cut through the noise, truly listen to your employees, and act on the insights so you can nurture a more engaged and productive workforce.

105
105
article thumbnail

Tenth Circuit Adopts “Meaningful Benchmark” Pleading Standard in Dismissing Challenges to 401(k) Plan Fees

Proskauer's Employee Benefits & Executive Compensa

In a case of first impression in the Tenth Circuit, the Court recently joined the chorus of circuit courts in holding that a 401(k) plan participant alleging excessive investment management or recordkeeping fees must assert a “meaningful benchmark” in order to survive a motion to dismiss. In addition to rejecting commonly pleaded “benchmarks” because they were not meaningful, the Court’s ruling is of particular significance because, unlike some other courts, it dismissed the participants’ “shar

401(k) 109
article thumbnail

August Jobs Report 2023

HR Digest

The release of the August jobs report 2023 by the Labor Department has provided valuable insights into the state of the job market in the United States. Despite the addition of 187,000 jobs, there are signs indicating a gradual cooling of the labor market. This article aims to delve deep into the key findings of the report, analyze the implications of the unexpected rise in the unemployment rate, and offer a comprehensive analysis of the job market in 2023. 1.

article thumbnail

Kellogg implements domestic abuse policy

Employee Benefits

Food business Kellogg has introduced a new domestic abuse policy, which includes an array of workplace support for impacted employees. The organisation, which employs more than 1,360 staff at its Manchester head office and Trafford and Wrexham factories, now offers an additional 10 days of paid leave, access to a free 24-hour confidential counselling service, flexible working arrangements and financial help for an initial legal support meeting.

article thumbnail

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.

article thumbnail

Limiting short-term health plans will limit patient and broker choice

Employee Benefit News

As many as 80% of short-term health plan enrollees say that affordable premiums are more important to them than comprehensive health benefits.

article thumbnail

Most workers are worried about poor indoor air quality

Workplace Insight

Most workers are concerned about poor indoor air quality and close to half think its damaging their health, according to a new survey conducted by Opinium for Spiralite. According to the poll, British workers are mostly concerned about the impact of air-quality on their health (64 percent concerned compared to 36 percent not concerned). One fifth (20 percent) are very concerned, rising to 38 percent of people living in London.

article thumbnail

How startups can offer health coverage

PeopleKeep

According to the Commerce Institute 1 , 4.4 million businesses start up each year in the United States. Starting a business is an exciting yet challenging endeavor for hard-working entrepreneurs and can come with many unforeseen hurdles, like hiring and keeping a team.

102
102
article thumbnail

Insightful Employee Benefits Tips for Educating Young Employees about Your Benefits

Take It Personel-ly

For many businesses, employee benefits play a vital role in attracting and retaining top talent. Despite their importance in creating a supportive work environment, these [.] The post Insightful Employee Benefits Tips for Educating Young Employees about Your Benefits appeared first on Take It Personel-ly.

Education 100
article thumbnail

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.