Sat.Sep 16, 2023 - Fri.Sep 22, 2023

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Private medical insurance becomes most important employee benefit

Employee Benefits

Private medical insurance (PMI) has become the most important perk that employees look for in their benefits package, according to new research by Zest. The employee benefits technology platform’s findings highlight growing challenges in the UK around access to healthcare, as more people explore private provision as opposed to solely relying on public healthcare, due to growing waiting lists.

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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.

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Why food access might be the next big thing in healthcare benefits

Employee Benefit News

Samantha Citro-Alexander, CEO of Bitewell, explains why food is essential to preventative care.

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Webinar Replay: SECURE 2.0 and the Impacts of Employer Matching for Student Loan Payments

McDermott Will & Emery Employee Benefits

Student loan debt is set once again to impact millions of American workers. Fortunately, starting next year, employers will have new ways to help employees navigate student loan debt. Provisions of the SECURE 2.0 Act will allow employers to provide employer-matching contributions based on their employees’ qualified student loan repayments outside the plan.

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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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How to Protect Yourself in Today’s Scary Economic Environment

Money Talk

I recently taught a class with the same title as this post. It began with a summary of recent “scary” economic events: recession fears, rising interest rates, bank failures, volatile stock prices, increased costs of basic expenses due to inflation, layoffs, low savings rates, increasing credit card APRs and household debt, housing unaffordability, and more.

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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.

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Two-thirds of UK staff do not feel connected at work

Employee Benefits

Two-thirds of UK employees do not feel a sense of connection and belonging at work, according to research by employee engagement and HR technology firm Reward Gateway. Its survey of 1,000 UK employees in organisations with a headcount of more than 100 also found that 24% of respondents often experience loneliness at work. Gen Z workers aged between 18 and 24 years were the most likely age group to feel this way,with 32% saying this is the case, despite 81% workers having a social network at work

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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.

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PayrollOrg Vice President Ronald Gilson, CPP, Selected to Serve on IRS ETAAC

PayrollOrg

PayrollOrg is pleased to announce that Vice President Ronald Gilson, CPP, was selected to serve on the IRS’s Electronic Tax Administration Advisory Committee.

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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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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.

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Santander and Thames Valley Police recognised at Menopause Friendly Awards

Employee Benefits

Banking organsiation Santander, Department for Education and Thames Valley Police were recognised at the 2023 Menopause Friendly Employer Awards. Hosted by Henpicked: Menopause in the Workplace and sponsored by HSBC UK, First Direct, Marks and Spencer Bank and Peppy, the awards were presented by broadcaster Louise Minchin last week. Now in its second year, the awards recognise organisations and individuals who have committed to provide support, solutions and resources to normalise menopause in t

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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

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PayrollOrg Contacts DOL About Bank Failures

PayrollOrg

PayrollOrg recently sent a letter to the U.S. Department of Labor (DOL) on wage and hour/pay period requirements and the impact of bank failures.

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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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Remote and hybrid working may have significant impact on carbon footprint

Workplace Insight

Fully remote workers can have a 54 percent lower carbon footprint compared with fully in-office workers, and all forms of remote and hybrid working have the potential to cut emissions, according to a new study from researcher at Cornell University and sponsored by Microsoft. The authors conclude that lifestyle choices and work arrangements playing an essential role in determining the environmental benefits of remote and hybrid work.

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Banks, credit unions get dementia training to fight financial abuse

Employee Benefit News

More elderly consumers are being diagnosed with Alzheimer's and dementia — making them vulnerable to scammers. Financial institutions are seeking special certifications to better equip themselves to help.

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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

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IRS Pauses Processing of New ERC Claims Due to Scams

PayrollOrg

On September 14, the IRS announced it will not process any new employee retention credit (ERC) claims to help protect businesses from scams.

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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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Exclusive: RSPCA to discuss employee engagement at Employee Benefits Live 2023

Employee Benefits

Sarita Coleman, head of reward at the RSPCA, will present a session about employee engagement on the first day of Employee Benefits Live 2023. Titled Employee benefits: staff engagement is key , the session will cover employee benefits and the importance of staff engagement, how not to assume that all employees know what is available or relevant to them, how to look inwardly at existing offerings to avoid duplication and confusion, and that communication is king when it comes to maximising offer

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The Fourth Wave

Florida Workers' Comp

The United States continues to be the target of an illogical madness. The British Broadcasting Corporation (BBC) recently explained How the fentanyl crisis' fourth wave has hit every corner of the US. I remember in the 1990s when I first heard of Fentanyl and the various doctors who expressed their eager and adoring attitudes toward it. There were many orthopedic patients suffering intractable pain and we were all led by the physicians into the opioid expansion.

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How PUMA supports working moms during back-to-school season

Employee Benefit News

An exec from the clothing and shoe brand explains why being accommodating to parents this fall could save companies from losing their female workbase.

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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.

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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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How to Implement Genuine Sustainability Initiatives at Work

Employee Benefits

What do you think of when you hear the term ‘sustainability’? Green plants filling the office, colour-coded recycling bins or an array of reusable coffee cups? There are many small ways we can take eco-friendly approaches within the workplace. But when we look at the scale of the climate crisis we’re dealing with, it highlights how important it is for businesses to take bold, direct action.

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Employee financial wellness: Why it matters in the workplace

Insperity

When you think about employee wellness, categories like physical, emotional and social probably first come to mind. But what is your organization doing to prioritize employee financial wellness? For employees, their personal financial wellness is an acute concern right now. So, what can employers do to address these mostly external factors that can impact employee wellbeing?

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Innovation is a driving force behind mental health parity

Employee Benefit News

Hybrid plan designs that reduce out-of-pocket costs will make benefits more accessible and ultimately help level the playing field.

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Accommodating employees with visual impairments

Business Management Daily

About 18.4% of all U.S. adults are visually impaired, according to the Centers for Disease Control and Prevention. That means they are blind or have a great deal of difficulty seeing even when wearing prescription glasses. The causes vary. Some visually impaired people have eye diseases like macular degeneration, cataracts, glaucoma, or diabetic retinopathy.

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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.