TalentCulture - Employee Benefits

OCTOBER 10, 2023

Recognition matters. We hear it over and over again in leadership books and best practices articles. It makes sense to recognize employees early and often. But workforce appreciation isn’t a one-size-fits-all thing, and random acts of recognition usually fall flat. So, what do successful organizations do? They focus on building a culture where appreciation is […] The post 11 Innovative Ways to Reward and Recognize Employees appeared first on TalentCulture.

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Employee Recognition IT Employee Benefits Management 114

Employee Benefits

OCTOBER 11, 2023

The number of employers publishing their ethnicity pay gap has increased from 30% in 2020 to 44% in 2023, according to new research. Business in the Community’s 2023 Race at work charter survey sought the views of nearly 250 UK employers, representing 1.2 million UK employees. It found no change in the number of employers who have a race champion or an executive sponsor for race since 2020, remaining at 95%.

Employment 64

Employment Recruitment Employee Benefits Management 64

PeopleKeep

OCTOBER 11, 2023

When you’re outside the annual open enrollment period , you have limited opportunities to buy a health insurance plan. You can enroll in a plan mid-year if you experience a qualifying life event or become eligible for a federal health insurance program, like Medicare or Medicaid, but these situations may not support every individual.

Health Insurance 52

Health Insurance Insurance 52

McDermott Will & Emery Employee Benefits

OCTOBER 11, 2023

In December 2022, Congress enacted groundbreaking legislation as part of the SECURE 2.0 Act codifying an opportunity for employers to provide matching contributions within a tax-qualified retirement plan based on their employees’ qualified student loan payments outside the plan. This On the Subject discusses the SECURE 2.0 student loan benefit and other employer options for […] The post Employer Student Loan Debt Benefits Following SECURE 2.0 appeared first on EMPLOYEE BENEFITS BLOG.

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Retirement Plan Employment Taxes Employee Benefits 79

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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.

Employment

Employee Benefits

OCTOBER 11, 2023

Need to know: When gathering feedback, striking a balance between anonymity and usefulness of the data is key, as is being transparent with how this balance is achieved with employees. Whichever feedback method is used, questions must reflect the workforce, based on all segments of the demographic, but also on their working patterns, caring responsibilities and living arrangements.

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Pension Benefits Package Salary Employee Benefits 105

Money Talk

OCTOBER 11, 2023

Almost half of all U.S. workers age 65-69 are self-employed as are over two-thirds (68%) of those age 75-79. For almost four years, I have been a full-time financial education entrepreneur. For 27 years prior, Money Talk was a “side hustle.” For this post, I decided to reflect upon ten benefits of self-employment in later life that I (and other older entrepreneurs) have experienced: Additional Income - A successful business provides additional cash beyond Social Security and other expected sourc

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Employment Deductions Deductible Taxes 209

Achievers

OCTOBER 11, 2023

Cultivating a culture of recognition is a strategic imperative that can transform the tenor of your organization, driving improved employee morale, engagement, and performance. Showing genuine appreciation for team members’ efforts foster a long-lasting sense of belonging and motivation among employees. With a thoughtful and multifaceted approach, one that encourages recognition at every level of your organization, your company can develop a culture of recognition organically.

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Health Recruitment IT 167

Employee Benefits

OCTOBER 9, 2023

More than eight in 10 (83%) UK employers have reported a rise in employees requesting more wellbeing benefits in the workplace, according to new research from Zest. The employee benefits technology firm’s study, released to mark World Mental Health Day (10 October), found that 19% of respondents currently offer employees a wellbeing allowance as part of their benefits package.

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Benefits Package Employment Employee Benefits Technology 120

PayrollOrg

OCTOBER 13, 2023

Beginning October 23, the “Preparing for Year-End and 2024” seminar provides updates on the latest changes in legislation and regulations that affect the close of 2023 and the first payroll of 2024, including updates to state requirements.

Payroll 104

Payroll 104

Advertiser: Paycor

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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Workplace Insight

OCTOBER 12, 2023

A new report claims that while 90 percent of businesses see the enablement of remote and hybrid working as having a positive impact on their bottom line, less than half (48 percent) of organisations strongly agree that employees have access to the technology they need to work well both at home, and in the office. The report from NTT claims that approximately 56 percent of hybrid workers spend half the work week at the office.

Technology 111

Technology IT 111

International Foundation of Employee Benefit Plans

OCTOBER 9, 2023

I’d like to think I’m working toward breaking down the stigma of mental health. I have family members, friends and colleagues who struggle with various challenges, and I have had bouts of anxiety and depression throughout my life. Yet, when someone is […] The post Six Steps to Addressing Mental Health in the Workplace appeared first on Word on Benefits.

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Employee Benefits 110

Employee Benefits

OCTOBER 9, 2023

Mental health is complex. It can be affected by several factors, and there isn’t a ‘one size fits all’ approach that works for everyone. We all experience mental health in a different way, depending on our identity. Ricoh UK’s wellbeing strategy has been designed with this complexity in mind. It takes a robust view of what wellbeing means to different people and incorporates aspects of emotional, physical, social and financial wellbeing.

Employment 111

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Insperity

OCTOBER 10, 2023

In December 2022, the U.S. government passed a significant piece of legislation: the SECURE 2.0 Act. The SECURE 2.0 Act put in place mandatory and optional provisions to help U.S. workers better prepare financially for retirement, at every stage of their employment journey. This new law comes at a critical time for Americans: Many older U.S. workers who have not been able to save enough money to retire have delayed their transition into this next stage of life because of current economic conditi

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401(k) Retirement Plan Taxes Benefits Package 108

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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.

Management

Workplace Insight

OCTOBER 10, 2023

While the use of AI tools in the workplace is rapidly increasing, many organisations are lagging in providing guidance and training in the use of these technologies, according to new survey commissioned by Ricoh Europe. This governance gap comes amidst growing interest within companies to implement automation solutions. The poll of 6,000 workers across Europe, conducted by Opinium, suggests there is a gap between workers’ use of emerging technologies and organisations’ efforts to su

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Employee Benefit News

OCTOBER 11, 2023

Engage in a dialogue about what benefits are most important, implement family focused offerings and adopt policies that will have a financial impact.

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Employment Employee Benefits 117

Employee Benefits

OCTOBER 10, 2023

1. Start with a mental health statement A mental health statement is a written declaration shaped by your organisation that demonstrates your commitment to all mental health matters. It’s a first step towards breaking down the walls of stigma and creating a workplace culture that genuinely cares about the emotional health of its people. The statement should embody your commitment to creating a safe and supportive environment where employees can share their mental health experiences without fear

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Education Employee Benefits Management IT 110

PeopleKeep

OCTOBER 13, 2023

The average American spends a considerable amount of money on healthcare each year. Premium increases, higher deductibles and copays, and soaring prescription drug prices result in spikes in total healthcare costs.

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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?

Utilities

Workplace Insight

OCTOBER 9, 2023

New data from Generation , an employment non-profit, and the Organisation for Economic Co-operation and Development (OECD), claims that employers need to radically rethink how they approach midcareer and older workers. The Midcareer Opportunity: Meeting the challenges of an ageing workforce report outlines insights from OECD data and from an eight-country survey of thousands of employers, job seekers, and employees in Europe and the US.

Education 111

Education Recruitment Technology Employment 111

Employee Benefit News

OCTOBER 13, 2023

William Van Faasen, former chairman and CEO of Blue Cross Blue Shield Massachusetts, encourages carriers to prepare to add marijuana to their formularies.

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Insurance Healthcare 114

Employee Benefits

OCTOBER 11, 2023

Housing association Aster Group employs more than 1,600 people across a range of roles including development, planning, marketing, customer liaison and sales. The organisation uses focus groups, anonymous feedback and regular pulse surveys to ensure that its benefits scheme applies to everyone. Lyndsay Nickerson, transformation director, people and communications, says: “While surveys are a great way of reaching lots of people, we know they don’t reach everyone easily and they only give us one l

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Voluntary Benefits IT Life Insurance Pension 105

Best Money Moves

OCTOBER 13, 2023

What are employee wellness initiatives? Wellness initiatives can give your benefits plan a powerful boost. Here are 5 key initiatives to try for your team. Eighty-seven percent of employees consider health and wellness benefits when choosing an employer, according to a study by recruiting website Zippia. Adding wellness initiatives programs to your benefits package can provide your company an advantage in attracting talent over your competitors.

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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

Paid Leave

Workplace Insight

OCTOBER 10, 2023

A new report from workplace consultancy Advanced Workplace Associates (AWA) suggests that organisations could introduce a licensing system to ensure employees have the conditions to deliver high performance and work safely, in a hybrid working model. This follows AWA’s most recent Hybrid Index Report, a study of nearly 120 workplaces in 22 countries, representing 155,000 employees, which found that workers are still only coming into the office an average of 1.75 days a week.

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Health and Welfare Work From Home Consulting Management 110

Employee Benefit News

OCTOBER 13, 2023

Partners from Lenox Advisors explain why more Americans need a long-term care insurance plan for a holistic financial wellness strategy.

Insurance 119

Insurance Healthcare 119

Employee Benefits

OCTOBER 11, 2023

Mobility app Freenow has introduced new benefits that will give all of its 10,000 UK taxi drivers access to accident and sickness insurance, and compassionate and parental leave. Through a partnership with workplace rewards platform Onsi, formerly Collective Benefits, Freenow employees will be able to access accident and sickness insurance, including accidental death and permanent disablement.

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Parental Leave IT Pension Retail 105

Darwinbox

OCTOBER 12, 2023

By synchronizing micro goals with the overall objectives, a strategic performance management system ensures that employees are actively working towards the organization's long-term direction. This article explains the benefits and features of such a system. It also explains the best practices for implementing strategic performance management.

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Management IT 99

Advertiser: Paycor

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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