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Financial Transitions in Later Life

Money Talk

I recently presented a webinar for financial practitioners called Important Financial Transitions in Later Life. Based on content of my book , Flipping a Switch , “flipped switches” are a metaphor for later life transitions. Below is a brief summary of 11 financial transitions: Spending Down Retirement Savings - It can be difficult psychologically for “super savers” to spend down accumulated wealth because it feels like a loss.

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Learn about diversity, equity, and inclusion (DEI)

Achievers

There’s no doubt that today’s workforce is rapidly changing, as millennial and Gen Z employees continue to transform the modern workplace. This new, multi-generational labor pool has ushered in a new set of expectations that employers can’t afford to ignore. Companies across industries are to take a long, hard look at how they approach complex topics, including diversity, equity, and inclusion.

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Massachusetts Tax Amesty Begins November 1

PayrollOrg

The Massachusetts Department of Revenue will conduct a tax amnesty program from November 1, 2024, through December 30, 2024. The program includes withholding taxes.

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Balance, Perspective, and Wheels?

Florida Workers' Comp

I was engaged in an interesting conversation with a student in a class meeting last semester regarding our court systems. I experienced some degree of resistance regarding the roles and course of trial courts versus appellate courts. I have often times explained distinctions that are important in court systems. Primary amongst these is the trial courts may find room to be court of “justice.

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Reduce Bias in Hiring: Structured Interview Questions for Employers

Structured interview questions are a valuable tool for reducing bias in hiring. They help: Ensure all candidates are asked the same questions in the same way Level the playing field so all candidates have a fair chance of being successful Improve credibility, reliability, and validity Download the guide to get the most out of your interview questions!

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Majority of small business bosses support potential right to disconnect law

Workplace Insight

A new poll claims that the vast majority (85 percent) of British SME bosses with HR responsibilities support proposals to give staff the “right to disconnect”, with 4 in 5 (80 percent) believing the Employment Rights Bill is a positive step forward for employees. The survey was conducted by Breathe HR to uncover sentiment towards new workers’ rights amongst bosses who will be steering through new rule changes at SMEs, ahead of the Employment Rights Bill being laid in parliament.

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4 considerations when choosing employee benefits for the first time

WEX Inc.

HSAs. FSAs. LSAs. If you’ve never been asked if you would like to participate in an employee benefits account before, you might be asking yourself, “What are all these acronyms?” In the second blog post in our three-part series to educate first-time participants, we walk through a few factors you should consider when choosing among employee benefits accounts for the first time.

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IRS Issues Federal ‘High-Low’ Per Diem Rates Effective October 1

PayrollOrg

The IRS released the optional “high-low” per diem rates for lodging expenses and meals and incidental expenses (M&IE) that may be used instead of the actual rates.

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Key Drivers of Health Insurance Premiums and Considerations for Employers

Pacific Prime

Around the globe, individuals, families, and organizations are feeling the pinch as the cost of health insurance continues to rise. Taking the US as an example, our Cost of International Health Insurance Report 2023 reveals that the average annual premiums for individual international private medical insurance (IPMI) in 2022 was a staggering USD $9,817, while.

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Savings and Unexpected

Florida Workers' Comp

The economics of our lives is ever present, yet too often ignored. As a nation, America is persistently insufficient in the simple concept of savings. And that failure comes to roost periodically when the tomorrow we expect is supplanted by the tomorrow that we get. This week, WEARTV reported that evacuating from a storm like Helene can be an economic challenge.

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Testing Innovations in Cancer: How to evaluate and use new technologies

Amidst rising cancer prevalence and soaring costs, new cancer technologies and innovations are emerging to support the early detection, treatment, and surveillance of cancer. Read this guide to understand how to evaluate these solutions for your employees and members – and to learn more about the current state of coverage, clinical and cost effectiveness, and impact on quality and outcomes.

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Which QSEHRA Deadlines Do You Need to Know?

PeopleKeep

The qualified small employer health reimbursement arrangement (QSEHRA) is an excellent choice for small businesses looking to offer health insurance benefits on a budget. To make the most of QSEHRA benefits for you and your employees, it's important to understand its deadlines. From initial implementation to annual notice requirements, missed deadlines can lead to repercussions.

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Ensuring a Mentally Healthy Workplace During an Election Year

International Foundation of Employee Benefit Plans

It is no surprise that during an election year, stress, tension and polarizing discourse infiltrate the workplace and affect employees’ mental health and productivity. Despite organizations’ efforts to foster open dialogue and collaboration, employees can still experience elevated levels of stress due […] The post Ensuring a Mentally Healthy Workplace During an Election Year appeared first on Word on Benefits.

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Compliance TV: SSA Updates AccuWage Online Help Guide, FAQ for 2024; ACA Affordability Percentage Increases to 9.02% for 2025; and more

PayrollOrg

In this October 2024 issue of Compliance TV: SSA updates AccuWage Online Help Guide, FAQ for 2024; ACA affordability percentage increases to 9.02% for 2025; and more.

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Finger on the pulse: Is biometrics the future of workplace wellbeing?

Workplace Insight

Around a third of companies already use wearables to track their team’s activity and better gauge their physical, mental and emotional wellbeing, according to Deloitte’s 2024 Global Human Capital Trends Report. Deloitte predicts that usage will increase to two thirds by 2027. Neurotechnology, which uses electronics to read brain activity and can contextualise employee behaviour and interactions, is also anticipated to ramp up dramatically in use in that timeframe, from 3 percent to 31 perc

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Recognition Powers High-Performance — If You Do it Right

Speaker: Debra Squyres and Todd Wuestenberg

Employee recognition has often been deemed a "feel-good" initiative, tied closely to rewards. While we understand its importance, we tend to associate recognition with intangible outcomes like engagement and sentiment, rather than direct impacts on retention and high performance. In today’s workplace, the true ROI of recognition lies in its ability to regenerate tangible, business-driven results.

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Stay, Just a Little Bit.

Florida Workers' Comp

It may be hard to imagine, but close your eyes and try. Ok, that didn't work because reading with your eyes closed is a feat for anyone. So, just imagine you have your eyes closed imagining that we could take a journey through the law and in the process look to Jackson Browne, Lisa Loeb, Rhianna, and Justin Beiber in one post. That is a pop-culture diversity that is tough to beat.

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Royal Mail launches collective defined contribution pension plan

Employee Benefits

Royal Mail has launched a collective defined contribution (CDC) pension plan to provide its more than 100,000 employees with a cash lump sum and an income in retirement. Along with the Communications Workers Union (CWU) and Unite CMA, the employer designed and implemented a pension arrangement for its workforce that was affordable for itself and its employees.

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Crafting Joy for Workers, Hobby Lobby Announces a Wage Hike

HR Digest

It’s a good day to be a Hobby Lobby employee and wake up to the news of another wage hike. The arts and crafts supply store recently announced that it has increased the starting wages for its employees again, making this the thirteenth increment since 2009. Hobby Lobby’s 2024 pay hike went into effect on October 1, 2024, so employees who apply to the company now should be able to benefit from the change.

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Webinar Explores CFPB’s Proposed Regulatory Shifts, Redefining Earned Wage Access

PayrollOrg

Sponsored by rapid!, the webinar “Redefining Earned Wage Access: Navigating the CFPB’s Proposed Regulatory Shifts,” on October 9 at 1:00 p.m. ET delves into the implications of the Consumer Financial Protection Bureau's (CFPB) proposed interpretive rule on earned wage access (EWA) products.

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Why Every Small Business Needs an HCM Solution: A Comprehensive Guide

Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.

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MHPAEA Final Rules Amending NQTL Standard

International Foundation of Employee Benefit Plans

On September 9, 2024, the U.S. Departments of Health and Human Services (HHS), Labor (DOL), and the Treasury released new final rules implementing the Mental Health Parity and Addiction Equity Act (MHPAEA). The final rules set forth content requirements and timeframes for […] The post MHPAEA Final Rules Amending NQTL Standard appeared first on Word on Benefits.

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Generational Woes

Florida Workers' Comp

I had some positive feedback on a recent post Infantilised (September 2024). There are perceptions about the differences among various generations. Those perceptions are purportedly driving behavior. At the outset, it is imperative that we recognize that generations are a natural delineation of groups. Some rail against any grouping of people, generalizations, or preconceptions.

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How precision medicine fulfills fiduciary role under CAA

Employee Benefit News

By steering patients to properly designed plans with the right incentives, employers can show those efforts have the best interest of health plan members in mind.

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Why employee wellness matters – and how it’s good for business

Insperity

If you’re leading an organization that employs human beings, their wellbeing must be a primary consideration of your company. This is because the people who work for your company are people – and that’s really enough of a reason on its own. And everyone wants to feel like they’re important to the people they’re around each day, beyond their functional role at work.

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HR Meets AI: 🤝 The New Way of Keeping Large Workforces Connected and Engaged

Speaker: Miriam Connaughton and Donald Knight

As organizations scale, keeping employees connected, engaged, and productive can seem like a monumental task. But what if AI could help you do all of this and more? AI has the power to help, but the key is implementing it in a way that enhances, rather than replaces, human connection. Join us for an exploration into how industry trailblazers are using AI to transform employee experience at scale while addressing both the potential and the pitfalls.

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The Importance of Performance Management in a Remote Work Environment

Qandle

The global shift towards remote work has transformed the modern workplace, offering flexibility and convenience to both employees and employers. However, with these advantages comes a new set of challenges, particularly in managing employee performance effectively. Performance management plays an essential role in ensuring that employees remain productive, engaged, and aligned with company goals—whether they work in the office or remotely.

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Healthy Smiles: Exploring Canadian Dental Care

International Foundation of Employee Benefit Plans

How often do you think about your teeth? Until there’s an ache or pain, most people don’t think about their teeth until something bothers them. The mouth, often referred to as the “gateway to the body,” has been linked to a host […] The post Healthy Smiles: Exploring Canadian Dental Care appeared first on Word on Benefits.

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Understanding the 3 Types of Employee Engagement and How to Improve Them

Vantage Circle

Understanding the different types of employee engagement is essential for creating a workforce that’s not just content, but motivated and driven to excel. It’s about tapping into the deeper connections employees have with their work, which fuels productivity, innovation, and long-term loyalty. When companies truly grasp how engagement takes shape, they can better navigate challenges, seize growth opportunities, and build teams that thrive under any conditions.

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How Supernormal brings AI chatbots to life

Employee Benefit News

Corporate giants like Walmart and Disney are already using the company's hyper-intelligent workplace tech that goes beyond summarizing and note-taking.

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The HR Leader’s Survival Guide

HR leaders drowning in paperwork struggle to meet C-suite's strategic expectations. Burnout and high turnover plague the field, with 95% feeling overwhelmed. This guide explores how the right tools can free HR from admin tasks and empower them to become the strategic leaders they’re meant to be.