Sat.Nov 18, 2023 - Fri.Nov 24, 2023

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8 Employee Benefit Ideas to Help Retain Remote Workers

COMPackage

Despite having been around for a while now, the popularity of remote work quickly increased during the COVID-19 pandemic. Working from home not only allowed employers to potentially save on future costs and manage the challenges brought about by the pandemic, but also offered their employees flexibility and autonomy. Some employees work from home primarily because they live too far from the office to commute, possibly in another state entirely.

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Do total reward statements still engage employees with their benefits packages?

Employee Benefits

Credit: Julia Sudnitskaya / Shuuterstock.com A total reward statement provides an overview of an employment package and its value. Offering choice regarding how a total reward statement is delivered to an employee is key to ensuring effective engagement. A personalised benefits package can help to engage employees with their benefits because it is specifically relevant to them.

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From Debt to Zen: Transforming Financial Stress to Financial Serenity

International Foundation of Employee Benefit Plans

As 2023 comes to an end, many Americans are struggling to achieve the goal of living without financial liabilities as credit card debt in the U.S. hit a new record high, surpassing $1 trillion, according to the New York Federal Reserve Bank. […] The post From Debt to Zen: Transforming Financial Stress to Financial Serenity appeared first on Word on Benefits.

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IRS Releases Annual Increases to Health FSA and Transportation Fringe Benefit Limits for 2024

Proskauer's Employee Benefits & Executive Compensa

On November 9th, the IRS announced additional inflation adjustments for 2024, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits. The IRS did not increase the annual contribution limit for dependent care flexible spending accounts because that limit is not indexed to inflation.

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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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How AI can help employers support employee fitness

Employee Benefit News

As workplaces evolve, harnessing the power of AI can help organizations across industries rethink employee well-being.

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Half of work related illness is down to stress, depression or anxiety

Workplace Insight

Nearly two million workers in Great Britain reported suffering from work-related ill health in 2022/23, according the latest annual statistical report from the UK’s Health and Safety Executive. The statistics reveal that 1.8 million workers reported they were suffering from work-related ill health in 2022/23, with approximately half of the cases down to stress, depression or anxiety.

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How to Recruit Top Talent without Treating It Like a Chore

HR Digest

Among reports of increasing job dissatisfaction and high employee attrition rates, many companies are caught wondering how to recruit top talent and retain top talent as well. While many are able to attract effective workers with hefty packages, not everyone can convince employees to stay either. Pew Research Center found that 43 percent of young workers have stayed with their employees for over three years, but on the other hand, 40 percent have spent less than 12 months with their employers.

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Guide to Local Payroll Taxes Updated for 2024

PayrollOrg

Need help with local payroll taxes? Check out this great local payroll compliance research tool from PayrollOrg, updated for 2024!

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69% of women had negative experience at work due to menstruation symptoms

Employee Benefits

More than two thirds (69%) of women have had a negative experience at work due to menstruation symptoms , according to research by the Chartered Institute of Personnel and Development (CIPD). The professional body for HR and people development’s report Menstruation and support at work , which surveyed more than 2,000 women, found that the most common reported symptoms include abdominal cramps (60%), irritability (52%), fatigue (49%) and bloating (49%).

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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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Rosalynn Carter and 10 other notable mental health advocates

Employee Benefit News

As the need for mental health continues to grow, public figures have long fought to shake off stigma.

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How to support remote employees' health and well-being

PeopleKeep

Roughly 41% of U.S. employees 1 work remotely for either some or all of their work hours. This non-traditional work arrangement helps employers save money, gives workers more freedom, and even boosts business productivity. But, not being in a physical office location can leave remote employees feeling isolated from their teammates and more prone to burnout.

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What is Strategic Human Resource Management? How can it Help You Ensure Effective And Unprecedented Business Growth?

Qandle

In today’s digital era, as businesses are expanding and expanding their global networks, the importance of HR is becoming clearer. But, as industry trends and business complexities keep changing, HR leaders must take a step back to review the processes undertaken by the team. Moreover, the HR team must play numerous roles such as long-term planning, capacity building, talent recruitment, appraisal management, and much more.

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42% of employers plan to reduce flexibility for staff in 2024

Employee Benefits

Approximately two-fifths (42%) of employers plan to reduce flexibility or offer less of this to their employees in 2024, according to research by Barnett Waddingham. The independent consultancy, which surveyed 302 HR directors and C-suite professionals, found that this could see as many as 588,000 employers planning to offer reduced flexibility to working arrangements.

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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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Employers must follow the evidence when it comes to covering obesity medications

Employee Benefit News

Supporting the health of employees can help prevent serious chronic conditions, and the financial impact that comes along with them.

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What Is a Strong Company Culture? One That Is Built on Trust and Respect

HR Digest

Having a lively company culture is exciting and working with a serious company culture means good business, but what is a strong company culture? Strong organizational cultures are well-defined, well-supported company cultures that prioritize the company vision and strive to create a positive work environment for the entire workforce. Strong company cultures go beyond a cursory mention in the employee handbook and organizations need to actively plan out how to communicate effectively with employ

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What Is Human Resource Management? – Challenges, Processes, Role, And More

Qandle

An organization’s most integral part is its employees and yet sadly, human resources wasn’t considered critical to the functioning of businesses. Human Resource Management is essential to a business and is needed to take it to the next level of success. With the progress of technology and the globalization of industries, changes in organizational hierarchy became a must.

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Barratt Developments hires new group HR director

Employee Benefits

Barratt Developments has appointed Sally Austin its new group HR director , becoming a member of the Barratt executive committee and reporting to chief executive David Thomas. Austin will continue the people strategy for Barratt, prioritising diversity and inclusion, engagement, talent management, and employee health and wellbeing in particular. She joins from Wincanton, where she was chief people officer from 2019 to 2023.

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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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Job hunt without RTO fear: 7 companies that have embraced remote work for 10 years

Employee Benefit News

Flexjobs put together a list of companies that have consistently placed in their ranking of the top 100 remote-friendly companies since 2014.

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As Construction Rebounds, Double Down on Safety

InterWest Insurance Services

Employment in the construction industry is surging as pent-up demand means that more homes are being built at a brisk pace. But this new growth in housing has come at a price for those working in the industry: a significant jump in construction workplace deaths and injuries. In 2022, 976 construction workers died on the job, according to OSHA. Also, injuries are surging as more contractors are forced to hire more inexperienced workers, who are more likely to be injured on the job.

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Employment Law Overview in Brazil

Global People Strategist

Brazil boasts a robust and complex system of employment laws regulating various aspects of the employer-employee relationship. Navigating these laws is essential for businesses operating in the country to remain compliant. This article provides an overview of employment laws in Brazil, highlighting key regulations and their implications for businesses.

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Exclusive: Central Co-op launches financial support benefit for staff

Employee Benefits

Retailer Central Co-op has launched a financial support benefit across its support centre, food and funeral operations teams. The Co-op Credit Union benefit will form part of Central Co-op’s overall wellbeing offer. It will enable employees to access a range of tools, services and resources to support their mental health, money and the rising cost of living.

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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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20 companies with adoption benefits and financial support

Employee Benefit News

The Dave Thomas Foundation for Adoption released its annual list of companies prioritizing family-building benefits for everyone.

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Chronic Conditions Driving Health Care Costs

InterWest Insurance Services

A new report has found that the top driver of health care costs in the U.S. is chronic conditions, emphasizing the role that employers can assume in helping their employees better maintain these ailments. Chronic diseases are a major strain on the health care system, and they are costly to treat. Worse, many people with these ailments do not manage them well and do not change their lifestyles to improve them.

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A Grateful Reflection on Workplace Connections This Thanksgiving

Benefit Resource Inc.

As the season of Thanksgiving is upon us, it’s only fitting to pause and express our deepest gratitude for the pillars of our success—our employees, clients, and valued participants. At BRI, we find ourselves reflecting on the extraordinary contributions of these integral components that form the beating heart of our organization. Join us as we highlight why we are profoundly thankful for our people and extend warm wishes for a joyous Thanksgiving to all.

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UK Power Networks uses total reward statements to boost engagement with benefits

Employee Benefits

UK Power Networks uses total reward statements (TRS) to inform and engage its 6,000 employees with its benefits package. The electricity distributor produces a TRS every year which it publishes both on its online reward platform and in the form of a booklet. Employees are given the choice of which format they would prefer and more than 90% opt for a paper copy.

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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