PayrollOrg
JUNE 5, 2023
In this June 2023 edition of Compliance TV: IRS Announces HSA Limits for 2024; DHS Extends Date to Physically Check Documents to August 30; IRS Releases Form 941-X, Instructions; IRS Releases Drafts of Forms W-2c and W-3c, 2024 Form W-3, and more.
Employee Benefit News
JUNE 6, 2023
Cameron Yarbrough, CEO of Torch.io, explains how HR leaders can craft an effective PTO policy.
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McDermott Will & Emery Employee Benefits
JUNE 6, 2023
Medicare Advantage (MA) plans are facing both regulatory and business risks following the conclusion of the COVID-19 Public Health Emergency (PHE). What are the major MA flexibilities and requirements related to the pandemic, and have they ended along with the PHE? Read more here. The post Medicare Advantage Plan Requirements Post-PHE: Ensuring a Smooth Transition appeared first on EMPLOYEE BENEFITS BLOG.
International Foundation of Employee Benefit Plans
JUNE 7, 2023
Juneteenth has been celebrated by African Americans since the late 1800s. In June of 2021, President Biden signed a bill establishing Juneteenth as a new federal holiday. Juneteenth National Independence Day is the 12th legal public holiday in the United States and is the […] The post Juneteenth Continues to Grow as a Paid Holiday Offering appeared first on Word on Benefits.
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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.
Employee Benefits
JUNE 7, 2023
Healthcare profession support organisation Medical Protection Society (MPS) has been awarded a menopause-friendly accreditation due to its commitment to talking openly about it and putting the right help in place. Established by Henpicked: Menopause In The Workplace, the accreditation recognises high standards and proven practices that embrace menopause in the workplace.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
HR Digest
JUNE 5, 2023
The hybrid work culture, which encapsulates, the mix of both onsite and remote work, is proving popular with companies as well as employees. It’s hard to imagine, but prior to the pandemic, only 8% of meetings included a remote participant. Collaboration was almost always done in person. The pandemic forced companies to quickly adopt remote work as an integral part of their business continuity strategy.
Insperity
JUNE 6, 2023
The rise of Generation Z in the workplace comes during a transformative period. The oldest members of Gen Z, the people born between 1996 and 2012, are approaching their mid-20s and therefore have only been in the professional workforce for a few years. Like other generations before them, they bring a new mindset along with different wants and expectations.
HR Digest
JUNE 7, 2023
Last year railroads came under fire for not agreeing to paid sick leave for US rail workers during labor negotiations. “ For months, railroads have been at the table individually with their unions to find a path forward on the quality of life matters that came into the spotlight during the round’s final days,” Association of American Railroads CEO Ian Jefferies said.
Employee Benefits
JUNE 7, 2023
The Covid-19 pandemic and cost-of-living crisis have changed which benefits employees value the most and what employers offer. Organisations that balance their own needs with those of their employees are likely to succeed in attracting and retaining talent as an employer of choice. With the right approach, employers can build a supportive and inclusive work environment in both a hybrid setting as well as a formal workplace.
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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!
Achievers
JUNE 9, 2023
Feeling a lack of motivation and focus? Don’t worry 一 you’re not alone. Even the most driven people struggle with a sense of disengagement from time to time. Whether it’s a new project that’s proving especially difficult, a teammate you don’t quite click with, or simply the monotony of handling a task for the hundredth time, a new perspective and a few motivational quotes can turn a dispiriting situation into an unexpected source of strength.
Florida Workers' Comp
JUNE 4, 2023
This post continues the discussion of the impact of CS/CS/HB487 (2023). The first part, including reminders of the nomenclature and legislative process, is in Major Change in the EMA (May 2023). This bill is not a major revision of the workers' compensation law. However, the impact on provider fee schedules may be profound. In any event, the changes should help to attract providers to workers' compensation.
PayrollOrg
JUNE 9, 2023
PayrollOrg commented on the California Department of Financial Protection and Innovation’s proposed rule to regulate earned wage access services.
Employee Benefits
JUNE 9, 2023
By Tracey Ward, Head of Business Development & Marketing at Generali UK Employee Benefits Over 2 million people in the UK with self-reported Long Covid have now had symptoms for at least a year. It can present significant challenges in the workplace because, unlike with long-term conditions such as cancer and diabetes, the prevalence rates for Long Covid are greatest in the working age population (35-69 years).
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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.
HR Digest
JUNE 8, 2023
Unlocking the secrets to success, Netflix has rewritten the script on how to build a thriving company. With an unwavering commitment to innovation and a trailblazing HR strategy, they have achieved remarkable feats. Boasting a remarkable employee retention rate of over 95% and earning the coveted #1 spot on Fortune’s “100 Best Companies to Work For” list in 2018 and 2019, Netflix has shattered industry norms.
Proskauer's Employee Benefits & Executive Compensa
JUNE 5, 2023
In Holland v. Murray , No. 21-cv-567, 2023 WL 2645708 (D.D.C. Mar. 27, 2023), the court held that financial support provided by Congress to a multiemployer pension plan under the Bipartisan American Miners Act (“BAMA”) did not divest the plan of Article III standing to pursue the withdrawal liability it was owed. After the contributing employer filed for bankruptcy, the plan assessed its controlled group members, the defendants, with $6.5 billion in withdrawal liability.
PayrollOrg
JUNE 7, 2023
The Office of Child Support Enforcement (OCSE) has changed its name to the Office of Child Support Services (OCSS).
Employee Benefits
JUNE 7, 2023
Global professional services firm Aon has implemented a new carers’ leave policy in order to support its UK employees with caring responsibilities. Launched during Carers Week (5-11 June), the policy offers Aon employees five days of paid leave each calendar year, which can be taken as full or half days, and is in addition to their annual leave. All members of staff who are providing unpaid care for relatives, partners or friends who may be elderly, ill or disabled are eligible for the leave.
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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?
HR Digest
JUNE 8, 2023
A new survey from FlexJobs found that poor work-life balance is the top reason workers say they resign. The survey, which was conducted in June 2023, polled over 1,000 professionals and found that 42% were actively thinking about quitting their job, and another 20% had recently quit. After poor work-life balance, workers most commonly said they were driven to job hunt by low or unfair pay (35%); a toxic culture (34%); and a feeling that they were disrespected or undervalued (33%).
Proskauer's Employee Benefits & Executive Compensa
JUNE 7, 2023
Issuers that have been scrambling to prepare their boards and executives for accelerated implementation of compliant Dodd-Frank clawback policies will be glad to hear that the NYSE and Nasdaq have filed amendments to their proposed clawback rules to extend the effective date that would apply if the proposals are approved until October 2, 2023. If approved, the amendments would give listed companies until December 1, 2023 (60 days after the effective date of the rules) to adopt a compliant Dodd-F
Workplace Insight
JUNE 9, 2023
A recent edition of Jon Connell’s daily newsletter The Knowledge included this nugget: “Last month, I heard one of the world’s most successful fund managers admit that the charts and models he previously used “gave almost no clue” as to what to do with money now. (His one firm prediction, that the US dollar would weaken, has so far proved dead wrong.
Employee Benefits
JUNE 5, 2023
Need to know: Artifical intelligence (AI) systems like ChatGPT can automate and streamline processes, freeing up HR and leadership time for more nuanced and creative tasks. Benefits communications can be personalised, and their delivery optimised for each individual employee, to have a the best possible impact. Employers must be careful with sensitive data, as well as ensuring that AI systems do not exacerbate existing biases.
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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
HR Digest
JUNE 3, 2023
“When people are financially invested they want a return. When people are emotionally invested, they want to contribute” Simon Simek HR isn’t ‘your friend’ but is neither your foe. “Transparency and flexibility can allow HR to effectively wear the “dual hat” of communicator and company arm” , one expert told HR Dive. HRs are essentially human. HR personnel are certain to come across a few personal details that employees might not discuss with their co-workers otherwise through their role in the
Qandle
JUNE 6, 2023
In today’s world, businesses operate in a highly competitive environment, and success is often measured by financial gains and profitability. However, in the pursuit of profit, many organizations may lose sight of the ethical considerations that underpin their operations. Ethics play a critical role in shaping the way businesses operate and are perceived by society.
Workplace Insight
JUNE 5, 2023
In his 1998 book A Brief History of Time, Stephen Hawking relates the following anecdote: “ A well-known scientist (some say it was Bertrand Russell) once gave a public lecture on astronomy. He described how the earth orbits around the sun and how the sun, in turn, orbits around the centre of a vast collection of stars called our galaxy. At the end of the lecture, a little old lady at the back of the room got up and said: “What you have told us is rubbish.
Vantage Circle
JUNE 9, 2023
Your employees are your most valuable resource, and the quality of your staff has a direct impact on the quality of your products and services. So, it’s important to attract the best possible talent to your company. But how? The bottom line is this: money talks. To bring in the best talent, you need to be offering the most competitive salaries, and that is what is going to change the end game.
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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.
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