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Register to Attend Brand New Payroll Mid-Year Compliance Update Course

PayrollOrg

Register now to attend PayrollOrg’s new course that will help you keep in compliance. Payroll Mid-Year Compliance Update starts in June.

Payroll 104
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BOOST THE EMPLOYEE EXPERIENCE BY EMBEDDING YOUR BUSINESS WITHIN YOUR COMMUNITY

Employee Benefits

What does community spirit have to do with the employee experience? Quite a lot By 2025, Millennials will make up 75% of the global workforce, and they’re looking for socially responsible employers. Core Values Research from 2003 suggested that graduates would be willing to forgo up to 20% of their salary if it meant working for a socially responsible organisation.

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Insights From a Financial Education and Research Conference

Money Talk

I recently attended a virtual conference sponsored by FERMA , which included dozens of sessions about topics of interest to personal finance educators and researchers. Below is a summary of new and/or useful information that caught my attention: Fast Fashion - Key characteristics are short production and distribution lead times, highly fashionable product design through continuous trend spotting, and a sense of urgency and scarcity so consumers make frequent purchases.

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Memorial Day

Florida Workers' Comp

There is ample debate in this country today regarding government. There is discussion of scope, of role, and of purpose. There are unfortunately a slew of examples in which government of all shapes and sizes has failed undeniably. That indicts institutions and leaders. But, it should never change the way we feel about those who serve the leaders, follow their orders, suffer their failures.

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Combatting the Effects of Inflation: Keeping Benefits Competitive While Cutting Cost

Speaker: Jaye Johnson, CBP - Employee Benefits and Total Rewards Leader, World at Work Content Author, and Speaker

After years of facing the global pandemic, we are now struggling with a new problem: inflation. No one could have predicted the impact of inflation on employee benefits and how it affects both employees and employers. Employers are now trying to maintain or lower the cost of benefits while competing for talent in a competitive and tight labor market, but the rising costs of consumer goods and healthcare make it extremely difficult to consider increasing their benefit offerings.

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The benefits offered by XDesign

Employee Benefits

Benefits on offer at XDesign: Pension and group risk Group personal pension (GPP) plan with salary sacrifice arrangement for all employees. Employer and employee contributions of 4%, matched up to 5%. Life insurance. Critical illness leave at full pay for the first six months, and half pay for the following six to nine months. Healthcare and wellbeing Private medical insurance (PMI) scheme, employer-funded for all employees.

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District Court Holds Employer “Expelled” From Plan May Not Have Effected a “Withdrawal”

Proskauer's Employee Benefits & Executive Compensa

In Central States v. Wingra , No. 21-cv-3684, 2023 WL 199360 (N.D. Ill. Jan. 17, 2023), the district court held that an employer expelled from a multiemployer pension plan may not owe withdrawal liability because the permanent cessation of the employer’s obligation to contribute was not voluntary. While the court subsequently limited the decision as being for discovery purposes only ( see Central States v.

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Built-in Loneliness Gene?

Florida Workers' Comp

Nostalgia. It surrounds us. The older we get, the thicker it swirls perhaps. Remember Mrs. Robinson ? For that matter, does anyone even remember Simon and Garfunkel? "Where have you gone, Joe DiMaggio? Our nation turns its lonely eyes to you" Joe was a baseball player. Baseball was a relaxing, some say tedious, method of passing an afternoon. It was once the national pastime , but that time has passed.

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Idaho Revises Withholding Tables, No Retroactive Withholding

PayrollOrg

Effective for wages paid on or after January 1, 2023, Idaho withholding tables have been revised to reflect a reduction in the personal income tax rate. Employers should begin using the tables immediately but do not have to adjust withholding going back.

Taxes 104
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Paul Gilshan: Are employee benefits as important as salary?

Employee Benefits

Employee benefits are an important aspect of any job, but can be overlooked when thinking about changing roles. Depending on those on offer, benefits can be just as valuable as a pay rise , and in some cases, even more valuable. It is quite natural for us to focus on salary. After all, we all need to make a living. However, benefits are an important aspect of any offering from an organisation, as good benefits can provide security, flexibility, and peace of mind, contributing to a more positive

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Unleashing AI in Recruitment: The Ultimate Guide

Discover the power of AI in recruitment with Paycor’s complete guide. Learn how to streamline your hiring process, increase interview pipeline, uncover candidates other tools miss, and save time. Get ready to revolutionize your talent acquisition strategy today!

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Can Pay Transparency Rules Ever Unbridle the Taboo of Sharing Salaries?

HR Digest

The deeply embedded generational norms and cultural taboo of sharing salaries are being eroded as a new wave of pay transparency rules inundated America’s workplace problems. At the beginning of 2023, Washington, New York, and California joined Colorado’s leaders in preparing for salary transparency for most open jobs. This article discerns the contours of workplace problems and equity challenges that have long been shrouded in the garb of pay.

Salary 104
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PBMs Feeling the Heat on All Fronts

InterWest Insurance Services

While drugmakers have been assailed for years for increasing their prices and driving the cost of medications higher and higher, there is another player in the health care space that is receiving increased scrutiny: pharmacy benefit managers. PBMs are intermediaries, acting as go-betweens for insurance companies, self-insured employers, drug manufacturers and pharmacies.

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Major Change in the EMA

Florida Workers' Comp

The 2023 Legislative Session closed on May 5, 2023. Each session of my career has been a learning experience. Each begins with so many big ideas. There is hope and enthusiasm and focus on this change or that. The capitol teems with activity, familiar faces, hustle, and bustle. As the session progresses, bills fall by the wayside. It is a function of time and distance.

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7 Reasons You Should Hire Veterans

BerniePortal

Veterans have it hard enough when they return home. Many experience life-changing injuries while in the armed forces, and it can be difficult to manage medical needs and expenses once stateside. According to the Bureau of Labor Statistics, 27% of veterans have a disability incurred while in service, and 2.8% are unemployed. Between the stresses of disabilities and unemployment, veterans face a tough challenge re-entering their communities.

Medical 98
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HR and Employee Healthcare Reform: Keys to Increasing Employee Wellness and Retention

Speaker: Mallory Herrin, CEO & Principal HR Consultant at HerrinHR

Your employees are your most valuable resource. If you want to retain employees and keep them happy, you want to make the incentives more valuable. With a full-stack employee experience, culture, health, wellness and benefits navigation solution, you can provide employees with the wellbeing support they need. The results? Employees who are happier, healthier, and more engaged, as well as a business that is thriving both internally and externally, every day.

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The Price of Stability: Delving into Disney’s Round Three of Layoffs 2023

HR Digest

In a poignant turn of events, entertainment giant Disney has commenced its third round of layoffs, casting an unsettled shadow of uncertainty and anxiety over its divisions. Disney’s layoffs in 2023 will be handing over pink slips to 2500 employees. The division slated to be impacted by the impending Disney job cuts in round three remains shrouded in mystery.

Payroll 105
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Four million UK employees have changed careers due to a lack of flexible working options

Workplace Insight

New research from the CIPD suggests that an estimated 4 million people have changed careers due to a lack of flexible working options, while an estimated 2 million have left a job in the last year for the same reason. As a result, the CIPD is warning that businesses may face a talent exodus if they fail to offer more flexible choices to people. The CIPD’s latest report, which explores employee and employer perspectives towards flexible and hybrid working practices, highlights that offering them

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Where to get the best employee benefits across the US

Employee Benefit News

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CMS Ups Hospital Price Transparency Enforcement, Seeks More Authority from Congress

McDermott Will & Emery Employee Benefits

The Centers for Medicare & Medicaid Services recently unveiled plans to toughen its hospital price transparency enforcement. According to this InsideHealthPolicy article, these proposals include earlier and automatic civil penalties, eliminating warning notices for hospitals that have not attempted to comply with price transparency requirements and giving hospitals no more than 45 days to implement […] The post CMS Ups Hospital Price Transparency Enforcement, Seeks More Authority from

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Cancel Quiet Quitting: Detoxing Corporate Culture & Engaging Top Talent

Speaker: Jennifer Brick, Career Strategist and Author

Your employees have checked out. The last few years have been a wild ride, with countless changes to how we work and our workplace cultures, like the sudden shift to remote work, the return to office, and trends like quiet quitting. With productivity, profitability, and your employer brand on the line, leadership is turning to HR to engage employees and recreate your culture in different working models.

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Podcast: XDesign ensures its benefits strategy is an ever-evolving offering

Employee Benefits

 Employee Benefits · XDesign podcast Listen: Digital consultancy XDesign has grown rapidly in the past two years and increased its headcount from 50 employees to over 450. In this episode of the Employee Benefits podcast, chief people officer Ciji Duncan, explains how the organisation has adapted and expanded its benefits offering in order to support its growing workforce.

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HR Digital Transformation: 6 Steps to Adopting Smooth Transition

HR Digest

HR digital transformation is a hot topic for many HR professionals , and it should be, since digital technology has the potential and ability to transform HR as we know it. One of the key themes for many organizations in the next 10 years will be digital transformation. Digital adoption and transformation is a key development for most organizations in their strategic goals.

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Hybrid working, work from anywhere and the evolution of the Third Place

Workplace Insight

The restrictions brought about by COVID-19 altered where we work and thus also how, when and through which channels we do work related activities. These changes radically altered the way previously office-based workers thought about ‘work’ as an activity. This new era of hybrid working had a significant impact on traditional models of workplace provisioning.

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Debunking the model minority myth: Include AAPI workers in the DEI conversation

Employee Benefit News

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Leveling the Playing Field: How HR Can Equitably Improve Health Outcomes Through Fertility Benefits

Speaker: Julie B. Chavez - VP, Strategy & Alliances at Carrot

As HR and total rewards professionals, we are often seeking opportunities to foster a better sense of community and belonging amongst employees - ensuring that all employees have an equitable opportunity to receive fertility treatments is one of the many ways this can be achieved. Fertility benefits make it possible for employees to access treatments like IVF.

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What Retirement Plan Sponsors Need to Know About Spousal Consent and Remote Witnessing

International Foundation of Employee Benefit Plans

The Treasury Department and the Internal Revenue Service (IRS) temporarily allowed, in light of COVID-19 pandemic restrictions, electronic alternatives to physical presence requirements for retirement plan participants’ elections that required spousal consent. The two allowed alternatives were remote witnessing by notaries public […] The post What Retirement Plan Sponsors Need to Know About Spousal Consent and Remote Witnessing appeared first on Word on Benefits.

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West End performers and stage managers accept 16% pay rise

Employee Benefits

Thousands of West End theatre actors and stage managers have accepted a 16% pay rise following threat of strike action. A total of 94.09% of workers, who are represented by performing arts and entertainment trade union Equity, voted to accept the pay deal with the Society of London Theatre (SOLT) from a turnout of 80.35% eligible members. The deal will see a 9% increase to minimum rates in year one, 5% in year two and at least 2% in year three, subject to inflation.

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Top Reasons Why Candidates Reject Job Offers

HR Lineup

In today’s competitive job market, attracting and retaining top talent is crucial for the success of any organization. Employers invest significant time and resources in identifying and hiring the best candidates. However, it is disheartening when candidates reject job offers after a rigorous selection process. Understanding the reasons behind such rejections is essential for employers to improve their hiring strategies and increase their chances of securing top-notch talent.

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Unintended economic consequences of remote working becoming evident

Workplace Insight

New data suggests that office attendance in London has recovered strongly since the end of Covid restrictions, confounding predictions of remote working becoming the ‘new normal’, according to a new report from the Centre for Cities. However, recovery has stalled in 2023 and the report, London, Office politics: London and the rise of home working , co-authored with Professor Dan Graham and his colleagues from Imperial College and published in partnership with EC BID, addresses the possible econo

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How Can You Aggressively Manage Benefits Affordability?

Speaker: Alex Anderson - Total Rewards Strategist at Lockton Companies | Leo Tokar - President, People Solutions and Partner at Lockton Companies

Benefit cost increases regularly eclipse all other costs for organizations, yet bringing costs down is illusive. Now corporate priorities are swinging from solely a focus on talent to the need to actively manage benefit expenses, but no one wants to reduce benefits or ask employees to pay more. Join two total rewards experts, Alex Anderson and Leo Tokar, for an in-depth discussion on tactics to efficiently and effectively control and manage benefit cost.