Sat.Jan 28, 2023 - Fri.Feb 03, 2023

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Confessions of a benefits manager: Candid helps with data audit

Employee Benefits

Data is misery. You would think with a central HR system like Choreday, we would have all the HR data we need. Well, think again. For some of our locations, the HR system is connected via payroll so naturally the salary and allowance data is correct; if not, people would soon shout that their pay is wrong. The problem comes in the locations where we do not have that link, usually acquisitions of some sort.

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Pros & Cons Of Auto-enrolling Employees In A 401(k) Program

Genesis HR Solutions

Should you auto-enroll your employees into your company’s 401(k) program? You don’t need to shake a magic eight ball to make a decision. Instead, take a look at the pros and cons, and then make an educated decision for your company. What is automatic enrollment? Automatic enrollment is exactly what it sounds like—you, the employer, automatically enroll your employees into your organization’s 401(k) plan.

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How to integrate employee benefits and company culture

Employee Benefit News

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Magazine Extra: Adapting Benefits to Today’s Multigenerational, Postpandemic Workforce

International Foundation of Employee Benefit Plans

Benefits Magazine Extras articles provide you with bonus content on a mix of benefits topics as well as deep dives and analysis on the latest benefit trends and compliance issues. Read more > The post Magazine Extra: Adapting Benefits to Today’s Multigenerational, Postpandemic Workforce appeared first on Word on Benefits.

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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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Where should employers draw the line with benefits provision?

Employee Benefits

If employers are not seeing a return on their investment in benefits or schemes are not achieving their desired aims, such as increased employee engagement or retention, then they might be spending too much. Employers should consider whether they are offering benefits to be viewed as an attractive place to work or because they genuinely want what is best for their staff.

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Why price transparency rules won't fix healthcare

Employee Benefit News

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How To Automate Travel Expense Reporting in Enterprises

Darwinbox

Travel expense reporting is one of the most important administrative functions in any organization, but since it does not directly generate revenues, you need to keep it as lean and efficient as possible. This article explains how to automate travel expense reporting. It discusses why travel and expense automation is so important and the steps to expect as you go along this digital maturity journey.

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Pay transparency laws continue to spread across the U.S.

Employee Benefit News

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Future-proof your company with a disability management plan

Employee Benefit News

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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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The Curious Case of I-Bonds: Too Good to Be True?

Money Talk

I can’t think of any other investment, off the top of my head, where the rate of return earned two decades ago continues to directly influence what I receive today…with the exception of Series I-bonds issued by the U.S. Treasury. Of course, early compound interest earned also impacts later investment growth, but I’m talking about investment features per se.

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Compliance TV: IRS Opens IRIS Portal to File Forms in 1099 Series

PayrollOrg

In this February 2023 edition of Compliance TV: IRS Opens IRIS Portal to File Forms in 1099 Series; IRS Posts Drafts of Form 941, Instructions, and Schedules; IRS Releases 2023 Publication 15-B; and more.

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HR Evolution Perspectives: Mapping the Evolution of HR in 2023 And Beyond

Darwinbox

With the world of work evolving constantly and at an unprecedented rate, HR evolution needs to happen at a proportional pace as well. Introducing Darwinbox’s flagship HR research study to help you navigate change and stay ahead of disruption.

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SECURE 2.0 Brings Significant Changes for 403(b) Plans

Proskauer's Employee Benefits & Executive Compensa

As part of our continuing series on SECURE 2.0 , signed into law December 29, 2022, this post focuses on significant changes for section 403(b) tax-sheltered annuity plans (“403(b) plans”). 403(b) plans are similar to 401(a) tax-qualified defined contribution plans but sponsored by public schools or non-profit entities and subject to unique requirements under the Internal Revenue Code (the “Code”).

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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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The Importance of Unlearning to Succeed at Work

HR Digest

Unlearning at work is a vital component of growth , and regardless of how we view it, it can’t be avoided. The workplace continues to change and evolve, therefore old methods of doing things are no longer solid and have become outdated. The workplace is constantly changing, and you need to be able to adapt if you want to stay competitive. But how do you keep up with the pace of change?

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Massachusetts Withholding Tables Will Not Be Updated to Reflect Millionaire Tax

PayrollOrg

Effective January 1, 2023, there is a 4% surtax on Massachusetts taxable income over $1 million that was passed by voters last year. The Massachusetts Department of Revenue does not intend to update the withholding tables to reflect the surtax.

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Unique Vacations UK improves benefits as part of workforce investment

Employee Benefits

Unique Vacations UK (UVUK) is the UK sales and marketing representative for holiday firm Sandals and Beaches Resorts. The team, which comprises 48 employees, works closely with its sister firm Unique Caribbean Holidays (UCHL), which is the UK tour operator for Sandals and Beaches Resorts and employs 47 workers. In December 2022, UVUK and UCHL enhanced their parental leave policies to eight weeks at full pay for expectant mothers and fathers, for births or adoptions.

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9 Amazing Ways To Celebrate National Pizza Day At Work

Vantage Circle

February is a fantastic month since it includes a significant occasion that allows you to celebrate your one true love- pizza! Yes, the 9th of February is National Pizza Day. A full day devoted specifically to praising the delectable carb that nearly no one can live without. So now is the time to find out more about National Pizza Day. Even so, for those searching for ways to celebrate the day at work, here are a few ideas to get your creative juices flowing.

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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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3 Ways to Improve Your Employee Retirement Benefits

Best Money Moves

3 ways to improve your employee retirement benefits. Retirement benefits are a vital tool for your workforce. Here are three key ways to support your team with better retirement options. Almost 4 in 10 employees say they’re not confident about reaching their retirement goals, according to a 2022 Bank of America report , and even more are unsure if they have enough savings to retire.

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Apply for an APA Education Grant to Expand Your Payroll Knowledge

PayrollOrg

Submit your application or nominate a fellow APA member today for one of the eight payroll education grants available this year. Application deadline is February 24, 2023.

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27% find the workplace best to discuss mental health

Employee Benefits

More than one in four (27%) full-time employees find the workplace to be the best space in which to discuss mental health , according to research carried out for Time to Talk Day (Thursday 2 February). This was higher than talking about it at local cafes (21%), the pub or gym (17%) or a library (9%). The survey was conducted by Mind, Co-op, Rethink Mental Illness in England, See Me with Scottish Association for Mental Health, Inspire and Change Your Mind in Northern Ireland and Time to Change Wa

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How Corporate Education Can Enhance Your Employee Experience

Vantage Circle

Today, humans receive more information in a few days than they received in a lifetime in the last century. The dynamic external environment forces constant improvement. Often the knowledge received at university is not enough, and corporate education comes to the rescue. Corporate education of personnel is a way for the organization's employees to gain new knowledge and improve their skills.

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From Prevention to Remission: How HR Can Support Employees Facing Cancer Diagnoses

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

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8 office etiquette expectations that are now history

Insperity

Whether your team is just starting return to the office or you have been on a hybrid basis for some time now, you may notice office etiquette is different than what it was traditionally. What changed? In general, employees definitely aren’t the same as they were before March 2020 when the pandemic brought much of the world to a standstill and skyrocketed remote work.

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Don’t forget to post your 300A form

InterWest Insurance Services

Employers with 10 or more employees must post their completed OSHA Form 300A by Feb. 1 and keep it posted in their workplace until April 30. The form must be posted where the company usually posts other employee notices, like minimum wage and workplace safety notices. Form 300A summarizes the total number of fatalities, missed workdays, job transfers or restrictions, and injuries and illnesses as recorded on Form 300.

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EMPLOYEE RETENTION STRATEGIES TO HELP YOU KEEP YOUR TALENT AND SAVE MONEY

Employee Benefits

“When you use a recruitment agency to find new talent, you can expect to pay between £10,000 and £12,000 in fees each time. Add in the hidden expenses associated with people’s time to support onboarding, equipment, and training, and that could cost could climb to £20-30,000 every time you bring someone new into your business”. Tom Nash, HR Business Partner, Sodexo Engage In this blog, we take a look at: why does employee retention matter, defining where you are, supporting employees during the c

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10 Effective Company Core Values Examples To Take Inspiration From

Vantage Circle

Let me guess. Your organization is planning to create a new set of core values or revamp the existing ones. But you are at a loss for where to start and searching for some company core values examples. Don’t worry. We have your back. You are probably already aware that defining company core values is crucial to ensure that your organization’s culture aligns with your mission and vision.

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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