Sat.Aug 26, 2023 - Fri.Sep 01, 2023

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New Survey Results—Companies Outsource 40% of Their Benefits Functions

International Foundation of Employee Benefit Plans

A new survey report from the International Foundation of Employee Benefit Plans reveals the operations and staffing practices of corporate benefits departments across the United States. Key findings from Corporate Benefits Departments: Staffing include outsourcing strategies, the greatest challenges facing benefits departments, […] The post New Survey Results—Companies Outsource 40% of Their Benefits Functions appeared first on Word on Benefits.

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Should HR Teams Provide Health Insurance Calculators?

Flimp Communications

Nearly half (49%) of workers don’t understand their benefits. The most powerful health insurance calculators (think of them as the enterprise-class) are decision-support tools, the best of which can help employees predict their needs and spending, compare plans, and make satisfying decisions in minutes. The post Should HR Teams Provide Health Insurance Calculators?

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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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Form W-4 Step 3; What Does It Want?

PayrollOrg

When the IRS released the 2020 Form W-4, Step 3 was titled “Claim Dependents.” The 2023 Form W-4 titles Step 3 as “Claim Dependents and Other Credits.” A question many employees and payroll professionals had beginning with the release of the 2020 Form W-4 was what are acceptable entries for Step 3 from the IRS’s perspective?

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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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E-Verify: What Organizations Need to Know – hr bartender

HR Bartender

Estimated reading time: 5 minutes (Editor’s Note: Today’s article is brought to you by our friends at Poster Guard® Poster Compliance Service, a division of HRdirect and the leading labor law poster service that gets your business up to date with all required federal, state, and local labor law postings, and then keeps it that way — for an entire year.

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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.

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DOL Proposes $1,059 Weekly Threshold for ‘White Collar’ Exemption

PayrollOrg

On August 30, the U.S. Department of Labor (DOL) announced it intends to increase the minimum salary level for the Fair Labor Standards Act “white collar” exemptions from $684 to $1,059 per week.

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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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Indeed is offering $10,000 to trans workers looking to relocate

Employee Benefit News

The allocation is also available to those with transgender children, signaling a new front in the corporate pushback against state policies restricting the lives of LGBTQ people.

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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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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.

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Indiana Updates Withholding Guidelines, Revises Form WH-4

PayrollOrg

The Indiana Department of Revenue has revised Departmental Notice No. 1 to reflect a new tax exemption for first-time qualifying children and Form WH-4, Employee’s Withholding Exemption and County Status Certificate.

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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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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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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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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.

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Compliance TV: IRS Provides Transition Period for SECURE 2.0 Act Roth Requirement

PayrollOrg

In this September 2023 edition of Compliance TV: IRS provides transition period for SECURE 2.0 Act Roth Requirement; ACA affordability percentage decreases to 8.39% for 2024; Federal per diem rates updated for fiscal year 2024; Employees have until September 29 to resolve e-verify mismatches.

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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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Make this your easiest — and most affordable — open enrollment yet

Employee Benefit News

Experts from Prudential, Optavise and more share how employers and employees can save money by avoiding confusion around healthcare decisions.

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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

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Form W-4 Step 3; What Does It Want?

PayrollOrg

When the IRS released the 2020 Form W-4, Step 3 was titled “Claim Dependents.” The 2023 Form W-4 titles Step 3 as “Claim Dependents and Other Credits.” A question many employees and payroll professionals had beginning with the release of the 2020 Form W-4 was what are acceptable entries for Step 3 from the IRS’s perspective?

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Confessions of a benefits manager: Candid takes on mental health first aid

Employee Benefits

Big Bad Boss has asked me to train as a mental health first aider , which is a lot more interesting than the usual stuff I do. For example, my next task is looking at the lifestyle options on our defined contribution (DC) pension plan. Snore. It would be nice if the mental health training was held in a nice hotel, the kind where they give you proper coffee and mini croissants for breakfast and then a decent buffet lunch to keep you going.

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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.

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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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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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IRS Provides Transition Period for SECURE 2.0 Act Roth Requirement

PayrollOrg

The IRS has announced an administrative transition period to extend until 2026 the new requirement that additional elective deferrals made by higher-income participants in retirement plans be designated as after-tax Roth contributions.

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The top 10 most-read articles between 25 – 31 August 2023

Employee Benefits

The top 10 most-read articles on employeebenefits.co.uk between 25 – 31 August were: McDonald’s Australia implements staff wellbeing app Tribunal orders Greatwell Homes to pay £50,000 in maternity leave row Network Rail withdraws annual bonuses for striking employees Chesterfield Council staff strike over pay Standard Chartered enhances global parental leave benefits St Mungo’s employees accept pay rise Exclusive: Fitflop to discuss employee wellbeing at Employee Benefits Live 2023 Thatcha

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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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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