Sat.May 27, 2023 - Fri.Jun 02, 2023

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Buyer’s guide to group dental plans

Employee Benefits

What are group dental plans? Dental plans are a type of insurance or cash plan that specifically cater for oral health, helping staff afford regular dentist visits for preventative and routine care, such as accident and emergency cover, crowns, implants and fillings, as well as larger issues such as treatment for oral cancer. Dental cover can either be provided in the form of traditional insurance, where staff can make a claim for the diagnosis and treatment of conditions that develop after taki

Insurance 105
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Buyer Beware: The Newest Wave of Hospital/Fixed Indemnity Programs Promising Payroll Tax Savings

McDermott Will & Emery Employee Benefits

For decades, promoters have marketed programs to employers seeking to leverage the favorable tax treatment accorded employer-provided medical benefits. These programs are variously described as “wellness” or “preventive services” arrangements, and they are usually wrapped in or offered with hospital indemnity policies. While varying in their design features and terminology, these programs all hold out […] The post Buyer Beware: The Newest Wave of Hospital/Fixed Indemnity Programs Promising

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Paul Gilshan: Are employee benefits as important as salary?

Employee Benefits

Employee benefits are an important aspect of any job, but can be overlooked when thinking about changing roles. Depending on those on offer, benefits can be just as valuable as a pay rise , and in some cases, even more valuable. It is quite natural for us to focus on salary. After all, we all need to make a living. However, benefits are an important aspect of any offering from an organisation, as good benefits can provide security, flexibility, and peace of mind, contributing to a more positive

Salary 98
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Can Your Plan Clear Mental Health Parity Compliance Hurdles?

International Foundation of Employee Benefit Plans

Many health plan sponsors continue to struggle to comply with the Mental Health Parity and Addiction Equity Act (MHPAEA). It’s a continuing concern because the Department of Labor (DOL) has placed an emphasis on auditing plans for compliance. Health plans looking for […] The post Can Your Plan Clear Mental Health Parity Compliance Hurdles? appeared first on Word on Benefits.

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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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Confessions of a benefits manager: Candid can’t take leave of holiday policies

Employee Benefits

Just when I am considering taking some well-earned annual leave, I get landed with yet another joint venture to deal with. Local HR seems to be getting all stressed about the new location’s benefit plans and I must do a benefits inventory and comparison to existing plans. Really, it seems quite straightforward. It has a normal pension plan and a few related insured benefits.

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The benefits offered by XDesign

Employee Benefits

Benefits on offer at XDesign: Pension and group risk Group personal pension (GPP) plan with salary sacrifice arrangement for all employees. Employer and employee contributions of 4%, matched up to 5%. Life insurance. Critical illness leave at full pay for the first six months, and half pay for the following six to nine months. Healthcare and wellbeing Private medical insurance (PMI) scheme, employer-funded for all employees.

Pension 105
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Podcast: XDesign ensures its benefits strategy is an ever-evolving offering

Employee Benefits

 Employee Benefits · XDesign podcast Listen: Digital consultancy XDesign has grown rapidly in the past two years and increased its headcount from 50 employees to over 450. In this episode of the Employee Benefits podcast, chief people officer Ciji Duncan, explains how the organisation has adapted and expanded its benefits offering in order to support its growing workforce.

IT 98
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CMS Releases Proposed Rule: Medicaid Program; Ensuring Access to Medicaid Services

McDermott Will & Emery Employee Benefits

On May 3, 2023, the Centers for Medicare & Medicaid Services (CMS) published the proposed rule Medicaid Program; Ensuring Access to Medicaid Services. The aim of the proposed rule is to enhance transparency in payment rates, establish uniformity in data and monitoring and provide states with fresh avenues to encourage the active involvement of beneficiaries […] The post CMS Releases Proposed Rule: Medicaid Program; Ensuring Access to Medicaid Services appeared first on EMPLOYEE BENEFIT

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One-third launched benefits and ran events for Mental Health Awareness Week

Employee Benefits

Employee Benefits poll: More than one-third (36.3%) of organisations either did introduce, or were planning on introducing, new mental health support benefits , events and initiatives as part of Mental Health Awareness Week (15 – 21 May), according to a survey of Employee Benefits readers. Just 5.4% either did or were planning on introducing mental health support but not run any events during the week, while 31% either did or were planning on running events to raise awareness, but not any new re

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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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Useful Information from 2022 Webinars- Part 2

Money Talk

As I noted in a previous post , I periodically summarize notes taken from various webinars that I think might be useful to others. Below are seven information tidbits that caught my eye: Defensive Investing- Financial markets were volatile in 2022 and, for a while, “there was no (good) place to hide.” Stocks and cryptocurrencies experienced big drops in value, bond prices decreased when interest rates rose, and cash assets were eroded by high inflation.

Finance 246
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Florida Requires Certain Private Employers to Use E-Verify Beginning July 1

PayrollOrg

Effective July 1, 2023, private employers in Florida with 25 or more employees must use the E-Verify system to verify a new employee’s employment eligibility within three business days after the first day that the new employee begins working for pay.

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Memorial Day

Florida Workers' Comp

There is ample debate in this country today regarding government. There is discussion of scope, of role, and of purpose. There are unfortunately a slew of examples in which government of all shapes and sizes has failed undeniably. That indicts institutions and leaders. But, it should never change the way we feel about those who serve the leaders, follow their orders, suffer their failures.

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Teamwork and transitions: How to build team cohesion during change

Insperity

From time to time, you may need to reorganize your teams, bringing in new members from a different part of your organization or even externally. To work cohesively and collaboratively, the people involved will have to first learn each other’s personalities and work styles. The change you’re making, whether planned or unplanned, is necessary.

Health 111
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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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Welcoming New Employees: 11 Impactful Gifting Ideas to Contemplate

HR Digest

We all have heard the old adage that the first impression lasts forever. Thoughtful welcome gifts for new employees help your organization make a great first impression as an employer and make new team members feel welcomed. The biggest asset of any company is its employees. Welcome gifts for new employees is intended to help them feel valued and like a company’s member.

Banking 108
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PayrollOrg Comments on Missouri Overtime, Income Tax Reduction Bill

PayrollOrg

PayrollOrg’s Government Relations Task Force State and Local Topics Subcommittee offered concerns and recommendations about Missouri S.B. 452.

Overtime 104
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The top 10 most-read articles between 26 May – 1 June 2023

Employee Benefits

The top 10 most-read articles on www.employeebenefits.co.uk between 26 May – 1 June 2023 were: Amazon introduces flexible-working options Virgin Media O2 staff accept pay deal Neonatal, carer and family leave acts receive Royal Assent Exclusive: Channel 4 and Citi shortlisted for Best benefits for reproductive health 46% of young staff think employers could help financial burdens more Exclusive: Bupa and Vivup shortlisted for Best supplier to work for West End performers and stage manager

Media 105
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5 conflict management styles and when to use them

Business Management Daily

People do not always agree. This simple statement holds true in all types of environments, including workplaces. But since decisions need to be made, involved parties must find ways to resolve conflicts. They also must keep in mind that how matters get settled impacts relationships. Individuals often handle conflict resolution in ways consistent with their personalities and past experiences.

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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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16 Surprising FSA and HSA Eligible Expenses Your Employees Should Know About

InterWest Insurance Services

Employers offer flexible savings accounts and health savings accounts to their employees so they can build up funds with pre-tax dollars to pay for health care and related expenses. For the most part, people use their funds in FSAs and HSAs to reimburse themselves for out-of-pocket costs like copays, health insurance deductibles and the cost of prescription medications.

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Register to Attend Brand New Payroll Mid-Year Compliance Update Course

PayrollOrg

Register now to attend PayrollOrg’s new course that will help you keep in compliance. Payroll Mid-Year Compliance Update starts in June.

Payroll 104
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Natwest Group completes acquisition of Cushon

Employee Benefits

Credit: William Barton / Shutterstock.com Banking organisation Natwest Group has completed its acquisition of a majority shareholding in workplace savings and pensions fintech Cushon. The group agreed to acquire 85% of Cushon for £144 million back in February, with 15% retained by management. It was approved by the Financial Conduct Authority (FCA) last month.

Pension 105
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Resenteeism. Destructive, contagious and in your workplace right now

Workplace Insight

You measure absenteeism. You are aware of presenteeism. But what are you doing about the new kid on the block – resenteeism? This occurs when employees stay in a job despite being fundamentally unhappy. They don’t want to be at work and when they are there, they actively resent it. Increasingly employees are fed up, across varying sectors, and showing some common threads or ‘symptoms’ of resenteeism.

Salary 98
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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

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First-Time Home Buyers Insurance Guide

AssuredPartners

First-Time Home Buyers Insurance Guide Buying a home can be one of the largest purchases we make in our lifetime. As if the home buying process isn’t stressful enough, choosing the right insurance can be overwhelming or cause questions to arise. Ensuring our investment is properly protected is a must, so we put together a first-time home buyers' insurance guide to help you navigate the process: Evaluate Insurance Costs With inflation continuing to rise, the costs of building materials have

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The ICHRA and premium tax credits: what are the rules?

PeopleKeep

Employees participating in an individual coverage health reimbursement arrangement (ICHRA) can’t collect premium tax credits (PTC). However, simply being offered an ICHRA doesn’t automatically disqualify employees from utilizing tax credits under specific circumstances.

Taxes 98
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Experian and HLB International among Global Most Loved Workplaces 2023

Employee Benefits

Data analytics and consumer credit reporting organisation Experian, cryptocurrency firm Kraken, and advisory and accounting organisation HLB International have been named as some of the Global Most Loved Workplaces 2023 by Newsweek. Published for the first time in partnership with benchmark research organisation Best Practice Institute, the list is based on survey results of more than two million employees from different industries and businesses, along with analysis of external public online ra

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4 advantages businesses enjoy with commuter benefits

Benefit Resource Inc.

Although pre-tax employee commuter benefits sound like they only assist your staff, the truth is that these programs also provide significant advantages for your business, as well. A Commuter Benefit Plan (CBP) helps your employees save money by providing tax breaks for using public transit to and from work, vanpools or parking near your company. The federal government allows businesses to withhold up to: $300 per month for commuting $300 per month for parking $20 per month for biking-related ex

Taxes 98
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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.