Employee Benefits

JANUARY 21, 2022

The cost-of-living crisis hit the headlines this week, as the Office for National Statistics announced the consumer prices index (CPI) of inflation rose faster than expected to a 30-year high of 5.4% How will employers support the financial wellbeing of those staff members most greatly affected by the cost-of-living crisis?

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Food Salary Recruitment Employee Benefits 52

Pacific Prime

APRIL 25, 2024

employers who invest in childcare benefits experience positive returns on investment, ranging from 90% to 425% ROI. This is a huge deal since the rising childcare costs and the lack of childcare. The post Study Finds Child Care Benefits for Employees Effectively Pay for Themselves appeared first on Pacific Prime's Blog.

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PeopleKeep

APRIL 10, 2024

Understanding these two types of care and how much each will cost can also give you an advantage when choosing a health plan and estimating out-of-pocket medical expenses.

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PeopleKeep

APRIL 3, 2024

Small to medium-sized businesses (SMBs) often look for creative alternatives to traditional health insurance to offer their employees an affordable and comprehensive health benefit. Because of their fixed price and potential cost savings, they’ve become popular for employers with limited healthcare budgets.

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McDermott Will & Emery Employee Benefits

OCTOBER 17, 2023

Congress and other policymakers continue to seek opportunities to lower costs for patients and the federal government. Pharmacy benefit managers (PBMs) are a key stakeholder in the drug supply chain, functioning as intermediaries between insurance providers and pharmaceutical manufacturers. appeared first on EMPLOYEE BENEFITS BLOG.

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Employee Benefits

MARCH 14, 2024

When you think of employees and cycling, a Cycle to Work scheme is usually the first employee benefit that springs to mind… with good reason. The health benefits of cycling Cycling is an all-round health enhancer. Mental ill health is responsible for 67% of long-term sickness absences and costs the UK economy at least £117.9

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Employee Benefits

APRIL 25, 2024

Sustainability is at the heart of all we do at Pluxee UK, and we’re constantly striving to innovate our products to provide eco-friendly employee benefits. Read on to discover how sustainable, cost-effective and eco-friendly employee benefits can help your business thrive.

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Employee Benefits

FEBRUARY 26, 2024

It’s more cost-effective to invest in employee retention strategies than it is to attract, onboard and train new starts. High employee turnover rates are a financial risk, and during this blog, we’ll explore all the elements to consider when creating a long-term employee retention strategy. Take our Retention Risk Assessment here.

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McDermott Will & Emery Employee Benefits

JULY 25, 2023

Her Pregnancy Led to a Six-Figure Hospital Bill, reports the story of a woman […] The post Agencies Issue FAQs on Surprise Billing and Cost-Sharing Rules Coordination appeared first on EMPLOYEE BENEFITS BLOG. The article, entitled A Surprise-Billing Law Loophole?

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Employee Benefits

NOVEMBER 15, 2023

With 50% of employers planning to increase spend on financial wellbeing in place of offering wage increases and cost-of-living payments, it’s never been more important to make employee benefits sustainable. The Rewards and Employee Benefits Association (REBA) has recently published their Financial Wellbeing Research for 2023.

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WEX Inc.

OCTOBER 5, 2023

When it comes to navigating the world of employee benefits, there's a lot to take in, especially if you're a first-timer. Among the suite of benefits you’re likely to be offered, voluntary benefits are often misunderstood. Check out our other first-timer series blog posts on health plans and employee benefits.

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WEX Inc.

AUGUST 15, 2023

Whether you're transitioning from your parents' insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. Determine desired benefits Identifying the benefits you value most is another crucial aspect of selecting a health plan.

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McDermott Will & Emery Employee Benefits

DECEMBER 27, 2023

Congress and other policymakers continue to seek opportunities to lower costs for patients and the federal government. Pharmacy benefit managers (PBMs) are a key stakeholder in the drug supply chain, functioning as intermediaries between insurance providers and pharmaceutical manufacturers.

Pharmaceutical 93

Pharmaceutical Manufacturing Management Government 93

Employee Benefits

APRIL 11, 2024

The role of recognition In our blog – Reducing Stress by Increasing Recognition – we explore the role that reward recognition can play in reducing workplace stress. A ‘thank you’ costs nothing, and your reward and recognition strategy can also be cost-effective. Taking steps to manage and reduce it is essential.

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Medical Employee Benefits Employment Management 105

McDermott Will & Emery Employee Benefits

NOVEMBER 1, 2023

The Internal Revenue Service recently announced the cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans for 2024. Most of the dollar limits that are subject to adjustment for cost-of-living increases will increase for 2024.

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WEX Inc.

APRIL 25, 2024

High-deductible health plans (HDHPs) have become increasingly popular over the last few years by offering unique features and benefits that appeal to many individuals and families. HDHPs have limits for allowable deductible amounts and out-of-pocket costs. Who might benefit from an HDHP? What is an HDHP? How does an HDHP work?

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McDermott Will & Emery Employee Benefits

OCTOBER 19, 2022

On October 18, 2022, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain account-based health and welfare plans (see Rev. The post IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans appeared first on EMPLOYEE BENEFITS BLOG.

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McDermott Will & Emery Employee Benefits

NOVEMBER 10, 2023

On November 9, 2023, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain health and welfare plan benefits, including those for health flexible spending arrangements and commuter benefit plans, among other important updates.

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cipHR

JANUARY 12, 2017

Covering everything from talent attraction strategies to personal branding, the CIPHR blog was very busy in 2016. It seems as though every career and business blog includes an article related to managing the ‘work/life balance’. The benefits this will lavish on your wellbeing and career are apparently abundant.

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Employee Benefits

NOVEMBER 1, 2023

We understand that your Christmas rewards and incentives strategy needs to be cost-effective and sustainable. In this blog, we take a look at: making an impact, dealing with last-minute requests, not creating more admin, and being cost-effective. Did you know that we’re one of the leading UK digital voucher suppliers?

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Employee Benefits

JUNE 20, 2023

In this blog, we take a look at: men’s health matters, the cost of burnout, preventing burnout, and reducing the risk & cost of burnout with Sodexo Engage. In this blog, we take a look at: men’s health matters, the cost of burnout, preventing burnout, and reducing the risk & cost of burnout with Sodexo Engage.

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McDermott Will & Emery Employee Benefits

APRIL 29, 2022

Recently, the Internal Revenue Service (IRS) announced (See Revenue Procedure 2022-24) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2023.

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Health Savings Account Deductions Deductible Employee Benefits 88

Employee Benefits

JANUARY 24, 2023

The cost-of-living crisis doesn’t just impact employees. In this blog, we take a look at: making business savings, financial education and changing habits, using benefits to fund benefits, and making employee benefits cost-effective with Sodexo Engage.

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Employee Benefits

FEBRUARY 5, 2024

In 2020, around 600,000 workers called in sick on that ‘one day’, costing the UK economy almost £45 million in lost revenue! In 2020, around 600,000 workers called in sick on that ‘one day’, costing the UK economy almost £45 million in lost revenue! So, why is the cost-of-living crisis also implicated? It’s just one day… right?

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WEX Inc.

SEPTEMBER 21, 2023

However, for participants of health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are ways to alleviate the financial burden associated with vision-related costs. Visual health is a vital component of overall well-being, and unexpected eye-related expenses can put a strain on your finances. Are you new to HSAs?

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cipHR

JANUARY 12, 2017

Covering everything from talent attraction strategies to your personal brand the CIPHR blog was very busy in 2016. It seems as though every career and business blog includes an article related to managing the ‘work/life balance’. The benefits this will lavish on your wellbeing and career are apparently abundant.

Recruitment 40

Recruitment Employment Management IT 40

Workers' Compensation

APRIL 2, 2024

However, it might also have a secondary benefit – reduced workers' compensation insurance costs. The Link Between WVPPs and Lower Costs The logic behind this potential benefit is twofold: Prevention: By identifying and mitigating workplace violence hazards, employers can reduce the number of violent incidents and the associated claims.

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Workers’ Compensation Insurance Employment IT 52

WEX Inc.

AUGUST 29, 2023

Reasons can vary, which is why wide-ranging fertility benefits can also improve the lives of any adult wanting to start a family. What are fertility benefits? Fertility benefits provide support and financial assistance to individuals or couples seeking fertility treatments or services. What are some fertility treatment examples?

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Employee Benefits

DECEMBER 8, 2022

The cost-of-living crisis has impacted all areas of our lives, with some households struggling to manage rising fuel and food costs. The post HOW TO SUPPORT EMPLOYEES STRUGGLING WITH THE COST OF LIVING appeared first on Employee Benefits.

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Employee Benefits

JANUARY 16, 2024

The Rewards and Benefits Association recently published a report that found that 64% of employers consider the cost of recruiting fresh skills to be a considerable financial risk over the next two years. We discussed being an employer of choice in March 2023 with our blog – You’re Ready to Become an Employer of Choice.

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Salary Benefits Package Recruitment Employee Retention 59

McDermott Will & Emery Employee Benefits

JULY 13, 2023

It required the affordability of an employer-sponsored health plan to be determined based solely on the cost of the plan to an individual employee, disregarding the costs to add family members to a plan. The “family glitch” was a regulatory oddity of the Affordable Care Act (ACA).

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Employee Benefits

APRIL 17, 2024

Recruitment firm Gi Group has put measures in place to help its employees cope with the cost pressures they are under. The post Gi Group ensures pay strategy and benefits support employees’ wellbeing appeared first on Employee Benefits. Alongside this, the organisation provides mental health support to staff.

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Food Recruitment Salary Employee Benefits 59

Employee Benefits

MAY 18, 2023

It’s our new, inclusive, and cost-effective physical wellbeing benefit making a significant impact on businesses and employees. In this blog, we take a look at: what is Online GP, why Online GP is needed, the benefits of offering Online GP to your employees, and embedding Online GP into your business with Sodexo Engage.

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McDermott Will & Emery Employee Benefits

JUNE 14, 2023

CITs are an alternative to mutual funds that may provide significant cost savings for 403(b) plans and their participants. Act took the first steps along this path by making […] The post Proposed Legislation Would Allow 403(b) Plans to Invest in Lower-Cost Collective Investment Trusts appeared first on EMPLOYEE BENEFITS BLOG.

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Taxes Employee Benefits Retirement Plan Education 82

Qandle

NOVEMBER 1, 2023

In this detailed and informative blog post, we will explore the top 10 benefits of selecting the best HR software with an HRMS portal. Cost Savings and ROI: While investing in quality HR software with an HRMS portal requires an initial expenditure, the long-term benefits far outweigh the costs.

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WEX Inc.

SEPTEMBER 7, 2023

Most employees are about to have the opportunity to re-evaluate their benefits options during open enrollment. Lack of understanding The concern: Some individuals may not fully comprehend how an FSA works and may be hesitant to enroll due to confusion or uncertainty about its benefits and limitations. Let’s take a look.

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Employee Benefits

JANUARY 17, 2024

During this blog, we’ll explore the topic of resilience in relation to employee financial wellbeing and the role that HR and prioritising financial wellbeing at work must play in achieving it. Financial anxiety – money worries – cost the UK economy £120bn and 17.5 Resilience. So, what exactly does it mean?

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