Connecticut DOL Issues EWA Guidance for Employers
PayrollOrg
MAY 24, 2024
The Connecticut Department of Labor has issued earned wage access (EWA) guidance for employers that includes information about wage deductions for fees.
Trending Articles
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Expert Recommendations to Avoid Scams
Money Talk
MAY 23, 2024
It seems like scams are everywhere these days and they affect people of all ages. Below are eight expert recommendations to avoid being a victim of fraud: Get a Contract and Read It- Always have written contracts and review them carefully before signing them when engaging contractors or other service providers to perform work. Don’t leave any blank spaces and always keep a copy of any document that you are asked to sign.
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E-Verify: What Organizations Need to Know Today
HR Bartender
MAY 21, 2024
Estimated reading time: 5 minutes (Editor’s Note: Today’s article is brought to you by our friends at Poster Guard® Poster Compliance Service from HRdirect , the leading labor law poster service that gets your business up to date with all required federal, state, and local labor law postings, and then keeps it that way — for an entire year. Enjoy the article!
Arms Race
Florida Workers' Comp
MAY 23, 2024
The British Broadcasting Corporation British Broadcasting Corporation (BBC) noted recently an evolving "arms race" in the realm of deep fakes. The article explains that some humans have a curious ability to identify fake photographs on a reasonably consistent basis. Despite that, the rest of us seemingly struggle in that regard. The supposition is, therefore, that technology will be required.
Creating a Company Culture of Care: Integrating Mental Health, Wellbeing, and DEI in Benefits
Speaker: Sean Raible
Picture a workplace where physiological safety is not just an aim but a reality, driven by thoughtful employee benefits that prioritize mental health, wellbeing, and DEI. 🤔 ✨ Achieving this vision requires more than just occasional training sessions and employee assistance programs. Moving beyond the basics, this vision calls for a holistic approach that integrates these elements into your company culture as well as your HR and benefits strategy.
Lego ties salaried employees’ bonus payments to annual emissions
Employee Benefits
MAY 24, 2024
Lego is to tie a portion of its salaried employees’ bonus payments to annual emissions from this year. The organisation will then expand this over time to cover scope three emissions as part of its goal to become a more sustainable business. The move is part of its new carbon key performance indicator (KPI) initiative that it is rolling out to help with its target of reducing emissions by 37% by 2032 and achieving net zero by 2050.
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How texting can revolutionize the employee healthcare experience
Employee Benefit News
MAY 22, 2024
Residing at the intersection of technology and healthcare, this simple approach is a testament to the possibilities that await when we dare to rethink traditional systems.
A Harbinger?
Florida Workers' Comp
MAY 19, 2024
We are all too familiar with the recent storm that struck Tallahassee. May 10, 2024, was a tough day when the power went out in Tallahassee. There were some optimists that bought into an automated website estimation that power would be restored that morning before lunch. That was a bit ambitious. Friday passed, as did Saturday, Sunday, Monday. I was sitting in Paradise and kept hearing Chuck Jackson in my head: Any day now (Wand 1962).
Nominate Your Organization for a Payroll Prism Award
PayrollOrg
MAY 21, 2024
PayrollOrg’s annual Prism Awards are presented each year to innovative payroll departments that exhibit best practices. Nominate your payroll department by July 19, 2024.
New York State Budget Institutes Revenue-Neutral Health Plan Tax
McDermott Will & Emery Employee Benefits
MAY 23, 2024
The New York State fiscal year 2024 – 2025 budget institutes a new tax on health plans, including insurers and managed care organizations. This tax has been garnering attention for its promise to yield $4 billion for New York State. The expected revenue from the tax, however, is set to come not from the health […] The post New York State Budget Institutes Revenue-Neutral Health Plan Tax appeared first on EMPLOYEE BENEFITS BLOG.
New DOL Final Overtime Rules: Quickstart Guide for Employers
Advertiser: Paycor
There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.
Seeing the Value of Vision Benefits
International Foundation of Employee Benefit Plans
MAY 21, 2024
May is Healthy Vision Month, which makes it a spectacular time to review vision benefit offerings and communicate to employees and plan participants the importance of eye care. According to the 2022 Employee Benefits Survey, more than half (62%) of U.S. employers […] The post Seeing the Value of Vision Benefits appeared first on Word on Benefits.
Human Resource Planning: Meaning, Process, Types, & Importance
HR Lineup
MAY 20, 2024
Human Resource Planning (HRP) is a critical component of an organization’s strategic framework. It involves forecasting the organization’s future human resource needs and developing strategies to meet those needs. Effective HRP ensures that the organization has the right number of people, with the right skills, in the right places, at the right times.
Competitors or collaborators? How to replace fearing with sharing
Employee Benefit News
MAY 20, 2024
Independent advisers may be skeptical of their competition, but also surprised by how pooling brainpower and resources can help them all share in the spoils.
New Salary Thresholds for White Collar Exemptions Impacts States
PayrollOrg
MAY 20, 2024
The minimum salary level for the Fair Labor Standards Act (FLSA) “white collar” exemptions will increase in two steps, beginning July 1. This will have an impact on state white collar exemption thresholds.
6 Strategies to Navigate Social Determinants of Health for a Better Workplace
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In today’s dynamic work landscape, where the lines between personal and professional life blur, understanding the intricate interplay between social determinants of health (SDoH) and emotional wellbeing is paramount. Employers must acknowledge that the whole person comes to work and every aspect of a person’s personal and professional life, especially their mental health, comes with them.
Final Overtime Rules Raise Exempt Salary Threshold 65%
InterWest Insurance Services
MAY 21, 2024
The U.S. Department of Labor has issued a final rule increasing the federal salary threshold for overtime exemptions by 65%, with the full increase starting in 2025. Currently, any worker who does not earn at least $35,568 per year ($684 per week) must be paid overtime if they work more than 40 hours in a week, regardless of if they are classified as a manager or professional.
Surprise Medical Billing Law ‘Not Working the Way We Want It to Work’
McDermott Will & Emery Employee Benefits
MAY 20, 2024
A legislative fix to surprise medical billing is not working the way lawmakers imagined it would work. According to this Politico Pro article, private equity groups are disproportionately benefiting from the No Surprises Act, and the law may inadvertently lead to higher health insurance premiums. Access the article. The post Surprise Medical Billing Law ‘Not Working the Way We Want It to Work’ appeared first on EMPLOYEE BENEFITS BLOG.
It’s a Busy Time in Washington: What Plan Sponsors Should Care About
International Foundation of Employee Benefit Plans
MAY 23, 2024
It’s been a busy time in Washington, D.C., with an array of regulatory releases since mid-March. Adding to the attention this space has already been drawing, the latest Talking Benefits podcast episode provides a run-down of what’s been happening so plan sponsors […] The post It’s a Busy Time in Washington: What Plan Sponsors Should Care About appeared first on Word on Benefits.
How managers can combat stress in the workplace
Employee Benefit News
MAY 21, 2024
Dr. Jenna Glover, chief clinical officer at Headspace, shares how to lower stress and increase emotional resilience.
HR Trends to Watch in 2024 + Plus Advice for Driving Impact!
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The pressure is on to create a positive onboarding experience. Plus, a sub-par onboarding process can domino into other concerns such as low performance, burnout (for you and new hires), and retention challenges. Our 2024 State of HR report will give you a realistic picture of the HR landscape and tips to onboarding effectively in the year to come.
Cost of poor employee mental health is £51 billion per year
Employee Benefits
MAY 20, 2024
The cost of poor employee mental health has been found to be £51 billion per year, down from £56 billion in 2021, but up from £45 billion in 2019, according to new research from Deloitte. The professional services network surveyed 3,156 working adults, of which 1,834 were working parents, for its Mental health and employers: the case for investment report.
ChatGPT produces half-baked answers most of the time, but people trust it anyway
Workplace Insight
MAY 23, 2024
A new study from researchers at Purdue University has found that 52 percent of ChatGPT’s responses to programming queries were ‘riddled’ with misinformation. Even so, people were more likely to trust its answers because they found the application to be so damn polite and well-spoken. It’s the Buster Scruggs of AI. The team examined ChatGPT’s attempts to tackle 517 programming questions.
The ACA 1557 Final Regulations: Plans and Plan Sponsors as Covered Entities
McDermott Will & Emery Employee Benefits
MAY 21, 2024
In a recent On the Subject (available here), we reported on the impact of the final rule (final rule) interpreting Section 1557 of the Affordable Care Act (ACA) on self-funded group health plans that contract with licensed health insurance issuers to provide administrative services. That article considered instances in which neither the plan sponsor nor […] The post The ACA 1557 Final Regulations: Plans and Plan Sponsors as Covered Entities appeared first on EMPLOYEE BENEFITS BLOG.
10 Best HR Reporting Software in 2024
HR Lineup
MAY 22, 2024
In 2024, the landscape of Human Resources (HR) is increasingly shaped by advanced reporting software that transforms data into actionable insights. Human Resources (HR) reporting software is an essential tool in modern HR management, enabling organizations to gather, analyze, and present data related to various HR functions. This software facilitates the transformation of raw HR data into insightful reports, aiding in strategic decision-making and operational efficiency.
Improving Access To & Utilization Of Cancer Screening With Color
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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.
Meta launches advisory council to review AI products
Employee Benefit News
MAY 22, 2024
Mark Zuckerberg's group will offer guidance on the company's artificial intelligence and technology advancements.
73% of parents think next government should reform parental leave and pay
Employee Benefits
MAY 24, 2024
Almost three-quarters (73%) of working parents think the next government should introduce reforms which improve parental leave and pay entitlements, according to research by Working Families. The charity for working parents and carers’ survey of 1,285 parents of dependents aged 0–18 years in England and Wales also found that 67% of respondents would feel more inclined to vote for candidates or parties that include reforms of this kind in their manifesto.
One in six people fall out with colleagues over politics
Workplace Insight
MAY 24, 2024
Following the recent confirmation of a date for the UK General Election, a new poll from HiBob claims there has been a sharp rise in the number of people who want to banish political chats from the office. The report also suggests there is a major generational split, with younger workers significantly most in favour of holding political discussions at work while also being the group far and away most likely to fall out with others.
The Evolution of Employee Mental Health Benefits
Winston Benefits
MAY 23, 2024
The Rise of Mental Health Benefits While the popularity of mental health benefits was on the rise pre-2020, the pandemic and its aftermath significantly accelerated their adoption. A Fortune article revealed that almost 40% of employers expanded mental health benefits during the pandemic. Fast forward to 2024, and a staggering 62% of employers now provide … Continue reading "The Evolution of Employee Mental Health Benefits" The post The Evolution of Employee Mental Health Benefits appeared
6 Steps to a Better Compensation Strategy
Advertiser: Barley
Compensation is one of your biggest expenses as a business, but it is also your biggest investment in your people and your culture. A great compensation strategy can be an incredible asset that supports your business goals and lays a foundation of trust between your company and your employees. Whether you already have a compensation strategy in place or you’re building one from scratch, this guide will help you level up your approach through these 6 steps: 1.
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