Employee Benefits

MAY 9, 2024

We say working parents, but there will be a specific focus on working mums for reasons we’ll delve into during this blog. Helping working mums find balance There is a more significant debate at play here, and we’re unable to pick apart gender inequality in one blog post! Read on to discover more. Progression… 75.6%

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WEX Inc.

AUGUST 14, 2023

A flexible spending account (FSA) carryover is one way you can provide flexibility to employees who participate in these accounts. Read our blog posts on grace periods and run-out periods for the rest of the series. Yes, employers do have the option of providing employees with an FSA carryover. What is an FSA carryover?

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WEX Inc.

SEPTEMBER 14, 2023

However, a whopping 92 percent of employees stick with the same elections they had the previous year, no matter what changes have taken place in their lives. Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans.

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WEX Inc.

JULY 7, 2023

The IRS’ use-or-lose rule governs flexible spending accounts (FSAs). This rule is one of the big differentiators between FSAs and other types of employee benefits. So what is the use-or-lose rule? What is the use-or-lose rule and how does it work? The IRS’ use-or-lose rule applies to medical FSAs and dependent care FSAs.

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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. In the final blog post of our three-part series to educate first-time participants, we explore all the unknown voluntary benefits terms and bring clarity of information to first-time participants.

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Achievers

OCTOBER 19, 2020

Our managers don’t need training — we just need employees with a better work ethic. In fact, it’s the one reason you need to keep management training in your budget (or bring it back asap): The #1 cause for unnecessary employee turnover is poor management. 2X of an employee’s annual salary. We take the ‘sink or swim’ approach.

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Employee Benefits

FEBRUARY 15, 2022

A study conducted by Randstad UK in 2021 found that a quarter (24%) of all employees were considering leaving their job within three to six months. This blog , answers key questions including: Why is this happening? This blog , answers key questions including: Why is this happening? What can you do to retain employees?

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WEX Inc.

FEBRUARY 15, 2023

A medical FSA is a tax-advantaged employee benefit that gives participants the opportunity to save on out-of-pocket medical, dental, and vision eligible expenses. What is the use-or-lose rule? The IRS use-or-lose rule states that you must spend your FSA funds within the FSA’s plan year. They are employer-owned accounts.

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Vantage Circle

DECEMBER 14, 2023

This can have a number of negative consequences, including: ● Losing top talent to competitors: In a candidate-driven market, the best candidates have multiple offers. Companies that are slow to make offers or have a lengthy hiring process will likely lose out on top talent. Early-stage employee retention rates.

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WEX Inc.

OCTOBER 4, 2023

For example, if one employee is enrolled in a medical FSA, he or she reduces the taxable income, which reduces the amount subject to Social Security and Medicare. Is an HSA or FSA use-it-or-lose-it ? The IRS’ use-or-lose rule states that FSA funds must be spent by the participant within the FSA’s plan year.

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Workers' Compensation

DECEMBER 16, 2023

Defense counsel alleged the proposition to deny the payment of temporary disability benefits, where the injured employee was also attending college. The court reasoned that temporary benefits were a wage loss replacement, and payment was mandated if the employee was out of work and under authorized medical care. HOOSIER CARE, INC.

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Achievers

MAY 29, 2020

Did you know 19 percent of remote employees report loneliness as their biggest challenge? Other challenges for remote employees include unplugging after work (22 percent) and feeling disconnected (over 50 percent). Failing to do so will result in increasing levels of disengagement, or worse, losing top talent. Make time for fun.

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Achievers

SEPTEMBER 10, 2020

Let’s have a quiz: if you had just one skill to equip your employees with, what would that be? If your response was something like: “I want my employees to master X software,” you might want to reconsider. But what if you didn’t have to pick, and you were able to develop your employees’ complete skillsets instead of just one skill?

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Achievers

JULY 14, 2020

This covers the value of awareness and is the first of a four-part blog series on mental well-being. Create a “Thought Log”: Did you lose your patience? It is an investment in the future of your organization because the employees who stay tomorrow will remember how you led them today. What would be helpful in this discussion?

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Qandle

JANUARY 9, 2024

This blog delves into the intricate dynamics, exploring both positive and negative ramifications. Understanding these consequences is vital for leaders navigating the delicate balance between organizational efficiency and employee well-being. Layoffs , a strategic workforce decision, carry a dual-edged sword effect on organizations.

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Achievers

JANUARY 19, 2021

Healthy and engaged employees who believe in their company’s core mission — employees who feel heard, are recognized, and encouraged to become the best that they can be. . Having a culture strategy in place will provide employees greater clarity and focus, resulting in stronger productivity and business results. .

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Money Talk

APRIL 28, 2022

According to one study , people under financial stress lose 13% of their IQ with a drop in cognitive function. Methods include webinars, podcasts, blogs, television and radio shows, print media, websites, and more. When pressed for time to fit ABL into your day, consider “educational multi-tasking” (e.g., maximum HSA contribution, 2.

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Achievers

MAY 14, 2019

During the lean periods when finances are stretched too tight, and you need a quick solution, employee benefits are often first on the chopping block. Evaluate your employee benefits. If you have no choice but to reassess employee benefits to address cash flow issues, be judicious and strategic about what you cut and what you keep.

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Benefit Resource Inc.

APRIL 10, 2024

As we navigate the intricate world of employee benefits, it’s crucial to ensure that we’re taking full advantage of the offerings available to us. Whether you’re a seasoned employee or new to the company, understanding how to make the most of your DCFSA can lead to significant savings and peace of mind.

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Qandle

JUNE 6, 2023

However, in the pursuit of profit, many organizations may lose sight of the ethical considerations that underpin their operations. Ethics form the foundation of a company’s reputation, and a strong ethical culture can help attract and retain customers, employees, and investors. What are leadership and employee ethics?

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Insperity

NOVEMBER 7, 2023

5000 2023 list of America’s fastest-growing companies: Matt Lafata, president and CEO of HRchitect Tracy Call, founder and CEO of Media Bridge Advertising Amy Deaton, COO of EvidenceCare In this blog, we have their top insights for early-stage business leaders looking for aggressive expansion. Equally important is hiring for cultural fit.

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Workplace Insight

JANUARY 5, 2024

Now an employee has claimed in a blog post that the firm is handling its downsizing in more creative ways. If you don’t like it, quit Jim Moore, employee relations expert at HR consultants Hamilton Nash, believes this is not a good idea. One of the consequences was a fall in the firm’s share price.

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WEX Inc.

SEPTEMBER 12, 2023

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?” Click here for the first blog post in our series on choosing a health plan for the first time. Subscribe to our blog to stay updated on all the benefits information!

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LACE Partners

FEBRUARY 27, 2023

In today’s special blog we’ve asked Chris Horton from our team to give a LACE perspective on this recent phenomenon, as well as providing some insight in to the implications of this behaviour by businesses. When employees are laid off, it can create a knowledge gap and disrupt the flow of work.

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Achievers

APRIL 17, 2020

These days, a good manufacturing industry employee is like struck gold. Build engaging employee incentive programs for manufacturing. Your employees are challenging to obtain and too valuable to lose. Retain them by building an engaging employee incentive program. A younger workforce.

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InterWest Insurance Services

JUNE 29, 2023

A surge in demand for pricey, new and highly effective anti-obesity medications could put a financial strain on employers who sponsor their employees’ health plans. Employers have long offered coverage for certain weight loss tools, such as bariatric surgery if employees qualify for the drastic procedure that requires an operation.

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InterWest Insurance Services

APRIL 11, 2024

Reduced direct medical costs (19% of ROI) Employers who offer group health plans in addition to associated wellness programs, tend to have healthier employee populations and spend less on direct medical costs. Add tens of thousands of dollars if you are paying for a new employee to relocate. Recruitment costs (0.3%

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Employee Benefits

FEBRUARY 22, 2022

For all the anxiety and uncertainty caused by the pandemic, remote workers don’t want to lose the new-found flexibility and work-life balance. In this blog , we address the benefits and challenges of hybrid working, how to effectively manage a hybrid team and ways to better support employee wellbeing in your business.

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Achievers

SEPTEMBER 4, 2020

Both business managers and employees need to tweak their habits to make things work seamlessly under new circumstances. Inform your employees about any new demands and start organizing shifts appropriately. Finally, don’t neglect to take into account the travel expenses for every employee. Discuss shift schedules with employees.

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Benefit Resource Inc.

MARCH 23, 2021

We’ve written about Health Savings Accounts and retirement in other blogs (like this one or this one ) so for this piece, we’ll be focusing on two other, less common accounts: Health Reimbursement Accounts (HRAs) and HRA VEBAs. Finally, the last option employers offer is more of a use-it-or-lose-it approach.

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Qandle

SEPTEMBER 5, 2023

With economic uncertainties and unforeseen circumstances, employers and employees alike are faced with tough decisions. This blog delves into the intricacies of vacation, furlough, and layoff, exploring their benefits, employee rights, and key differences.

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InterWest Insurance Services

AUGUST 31, 2023

For example, for this year, employees saw their premium payments increase an average of just 1.7%. The challenge will be for employers to properly budget for these cost increases, while not pushing too much of the hike onto their employees, particularly in this highly competitive job market.

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Achievers

SEPTEMBER 18, 2020

Let your employees know that you don’t only care about their productivity but also their well-being. Research shows that employees who are appreciated, valued, and cared for are more productive and loyal. Employees are tired of a fear-based leadership model. Employees are tired of a fear-based leadership model.

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WEX Inc.

OCTOBER 4, 2023

As we celebrate this anniversary on HSA Day 2023 , it is clear that HSAs have become an integral part of the employee benefits landscape. With personalizing HSAs, the aim is to educate employees by tailoring messages to their specific life stages and needs.

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Achievers

JUNE 29, 2020

Do your employees believe they have a voice in the workplace? top 10 workplace trends and “capturing the voice of the employee” was on the list. Organizations need to promote and encourage employee voice and turn that voice into productivity, innovation, and? What is employee voice? . That means employees?have

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Achievers

MARCH 10, 2020

By understanding the factors that affect employee engagement you can motivate your workforce. Fully engaged employees have been shown to be 21 percent more profitable. Address employee disengagement in the workplace can help your business’s bottom line and overall success. Employee engagement success factors to cultivate.

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Achievers

FEBRUARY 25, 2020

What if just one change to your workplace culture could foster employee engagement, boost productivity, strengthen teams, and positively impact your company’s bottom line? Here’s a look at just some of the ways frequent employee appreciation throughout the workplace can cause a spiral effect. ? . Case studies prove otherwise.

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