Sat.Feb 10, 2024 - Fri.Feb 16, 2024

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2024 health benefits strategies: A guide to reducing costs while supporting employee well-being

Employee Benefit News

With innovative offerings and consistent education, employer benefits packages better meet the needs of all involved.

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42% of working parents want better pay and family support

Employee Benefits

Two-fifths (42%) of working parents admitted to looking for alternative work in 2024 with higher pay and better family life support, an increase of four percentage points on 2023, according to research by childcare provider Bright Horizons. Its annual Modern families index, which surveyed more than 3,000 working families, found that the number of employees who feel their employer is supportive of family life has dropped, from 77% last year to 72% this year.

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What is hybrid work? Definition, benefits, and best practices 

Achievers

The new normal isn’t so new anymore, and its staying power is perhaps most evident in the many organizations that have adopted a hybrid work model. Hybrid work helps organizations and employees realize the benefits of remote work without sacrificing the familiarity and stability of traditional in-person workplaces. Let’s take a look at how and why organizations are increasingly turning to hybrid work arrangements — and see whether it might be a fit at your company.

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What Is IN / OUT in the Year Ahead? Start Creating Artificial Intelligence Experiments

HR Bartender

Estimated reading time: 3 minutes Artificial intelligence (AI) is dominating today’s news cycles. What companies are using AI? What is this person or that person saying about the future of AI? What snafu did AI do lately? Don’t get me wrong. These articles can be helpful in understanding AI and its capabilities. But the other thing that can be helpful is actually working with it.

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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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Employee Reskilling Is The Answer to the Talent Shortages At Work

HR Digest

The need for reskilling and upskilling in the working environment has been at the forefront of many HR conversations and employee reskilling especially is likely to require considerable investments in the upcoming years. While keeping up with changing times has always been a necessary consideration regardless of the industry, the rapid upsurge of technology recently has really highlighted the need for reskilling programs in order to understand how to do a job you might have been doing for years

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Changing shape of workplace is creating new opportunities for property market

Workplace Insight

After a challenging environment for commercial real estate in 2023, its fallout provides investors, developers and corporate occupiers with significant opportunities for value creation and transformational organisational change in 2024, says leading property management and investment firm, Colliers (EMEA) in its new market commentary: ‘ Engage, activate and accelerate performance: next generation real estate strategies’ [registration].

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41% of employers expect increased demand for mental health support

Employee Benefits

Mental health support will be the most in-demand health and wellbeing benefit in 2024, according to research from Towergate Health and Protection. The survey of 500 HR professionals found that 41% are expecting to see an increase in demand for mental health support from their employees. A third (34%) cited that they expect to see an increase in support for financial health this year.

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What is Time and Attendance Management in HR?

Darwinbox

Time is a precious resource, especially within the realm of human resources (HR). Effective time management is vital for organizations to run smoothly and efficiently. This is where time and attendance management comes into play. This article provides an overview of the importance of time and attendance management in HR. It discusses the benefits of implementing a time and attendance management system and the various features that can be utilized.

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Nike joins growing list of US companies doing large layoffs

Employee Benefit News

Nike will slash its global workforce by about 2%, and joins other major companies like Google and Amazon in laying off staff.

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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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Many people would forgo a pay rise in favour of flexible working

Workplace Insight

A new poll claims that nearly 50 percent of respondents would reject a substantial 15 percent pay increase if it meant forfeiting workplace flexibility, even in a challenging financial climate. Despite attractive flexible working policies outweighing the need for increased remuneration, the research – conducted by PayFit – claims that a sizable 83 percent of those surveyed felt improvement was needed to their current workplace’s flexible policies.

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AstraZeneca and Novo Nordisk named best places to work for women in 2023

Employee Benefits

Biopharmaceutical firms AstraZeneca and Novo Nordisk have been named among the best places to work for women in 2023 globally. Best Places to Work, the workplace excellence certification programme, evaluated global organisations based on their policies, practices and benefits that support and empower women in the workforce. The certification underscores the commitment of organisations to gender equity and diversity , the creation of inclusive workplaces that foster professional growth, and the p

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ACA Employer Shared Responsibility Payments Adjusted for 2025

PayrollOrg

The IRS has updated the employer shared responsibility payment amounts for 2025 under the Affordable Care Act (ACA).

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17 Transferable Skills Employers Look for in 2024

BetterUp

Your most valuable skills are the ones that you carry with you. Whether you're moving on to a new project, taking on a new role, or taking the leap to a new job, you're never truly starting from scratch. Sometimes it feels like it though, especially if you jumped into a new industry or face a new set of software and tools.

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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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Why changing with the seasons is key to the all-weather workplace

Workplace Insight

Love it or hate it, weather chat is part of Britain’s day to day – yet in the world of work it’s not just casual small talk. In fact, the seasons have a real impact on how we feel and perform. The change in seasonal characteristics influences what employees need from where they work. Looking after employee wellbeing and putting individuals in the best position to be productive at work means different things throughout the year.

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Kerry Hudson: Change in flexible-working arrangements for 2024

Employee Benefits

Employees will have more rights to ask for flexible-working arrangements under new legislation coming in this year. Workers with 26 weeks of employment can ask for flexibility on how, where and when they work. Where employers previously did not need to consult with workers before giving their decision, they will now be expected to, and to provide their response within two months instead of three.

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Help employees dust off their business etiquette skills

Business Management Daily

Returning to the office, whether hybrid or a full transition, has presented a wide array of difficulties for employees. One of these may be a challenge you, as a manager, never saw coming. That would be training employees unaware of office etiquette rules or helping others brush up on them after years of working at home. Consider etiquette classes According to a recent study by ResumeBuilder.com of more than 1,500 business leaders, more than 6 in 10 companies will send their employees to office

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Manage the Risks of EV Charging Stations at Your Business

InterWest Insurance Services

The growing popularity of electric vehicles is encouraging businesses to install charging stations in parking lots for their employees and visitors. Commercial real estate owners and investors are always looking for ways to increase the value of their properties. Adding EV charging infrastructure is an obvious way to increase property value while providing a much-needed public service.

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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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Helsinki announces plans for new Museum of Architecture and Design

Workplace Insight

Helsinki City Council has voted to provide a donation of 60 million euros to the foundation responsible for establishing the new national museum of architecture and design. The Finnish state will match this funding, with an additional 30 million euros to be raised from private donations. With these commitments in place, an international design competition for the new museum building will be launched in April.

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Super Bowl winners can receive bonus payment worth $164,000

Employee Benefits

Credit: kovop / Shutterstock.com Last weekend, the Kansas City Chiefs beat the San Francisco 49ers at the 58th annual Super Bowl (spoiler alert!) While the 49ers did not walk away with the trophy, they will receive a post-season bonus payment. If you’ve ever fancied becoming a National Football League (NFL) player and wondered how much they can earn as a bonus, then read on!

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The Healthcare War: A Flash in the Healthcare Pan

Pacific Prime

Future years will bring a whirlwind of patient-related issues for contemporary medicine, including healthcare costs, artificial intelligence (AI), and a showdown between patient rights and regulatory approval. Using healthcare as leverage in international relations and global business has put an end to modest profit and patient-centrism. This has caused disputes between governments, businesses, and insurers, The post The Healthcare War: A Flash in the Healthcare Pan appeared first on Pacific Pr

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Career Change at 30: 6 Tips to Succeed

BetterUp

Jump to section Changing careers at 30: Pros and cons 6 signs you need a career change in your 30s How to change careers at 30 The best jobs for career change at 30 New decade, new you

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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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Can you be friends with direct reports? Creating a healthy friendly relationship

Business Management Daily

When the company promoted Brian to a management position last month, he never dreamed Alex would be his most problematic direct report. Close friends since meeting at new employee orientation three years ago, they frequently ate lunch together, talked about everything from sports to dates, and helped each other with assignments. Now, they barely spoke, and the whole software engineering department sensed their tension.

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Digital healthcare… enhancing employee wellness at every age

Employee Benefits

The UK retirement age is rising, keeping employees in work for longer. Absenteeism is at a 10-year high, costing businesses billions a year. Taking steps to keep employees healthy will yield a return, and there are many ways to do so, including mental and financial wellbeing solutions. One thing for sure is that getting employees the medical help they need more quickly is essential, and this is where a Virtual GP and digital healthcare platform comes into its own.

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How Will AI Transform the World of HR

Darwinbox

AI has become a buzzword across industries, revolutionizing the way we work and interact. But what about its impact on HR? In this article, we will explore the effects of AI transformation on HR processes – paving the way for increased efficiency, improved decision-making, and enhanced employee experiences.

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Safeguarding Your Business MVPs: The Power of Key Person and Disability Insurance

CorpStrat

In the world of sports, MVPs like LeBron James and Shohei Ohtani are considered invaluable assets to their teams. These players drive success, just like your key employees do for your business. However, have you considered what would happen if unexpected events were to occur? We’re talking about things like illness, disability, or the loss of a key team member.

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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.