McDermott Will & Emery Employee Benefits

FEBRUARY 13, 2024

Act, employers must provide long-term, part-time employees the opportunity to make elective deferrals under their 401(k) plans and, beginning in 2025, their 403(b) plans. IRS Confirms Long-Term, Part-Time Employees Excludible From Certain Nondiscrimination Testing appeared first on EMPLOYEE BENEFITS BLOG.

401(k) 69

401(k) Employee Benefits Employment Retirement Plan 69

McDermott Will & Emery Employee Benefits

DECEMBER 20, 2023

The Internal Revenue Service (IRS) recently issued new guidance clarifying key aspects of the broadened retirement plan eligibility rule for long-term, part-time employees under the SECURE 2.0

401(k) 76

401(k) Retirement Plan Employee Benefits Employment 76

McDermott Will & Emery Employee Benefits

FEBRUARY 2, 2024

Act require employers to offer employees who work at least 500 hours within three (reduced to two beginning January 1, 2025) consecutive 12-month periods an opportunity to make elective deferrals to their 401(k) and, beginning in 2025, their 403(b) plans. Together, the SECURE Act and the SECURE 2.0

401(k) 79

401(k) Employee Benefits Employment Retirement Plan 79

Employee Benefits

FEBRUARY 26, 2024

Employee retention is an ongoing theme for employers and HR professionals, and for good reason. It’s more cost-effective to invest in employee retention strategies than it is to attract, onboard and train new starts. Are you at high risk of high employee turnover? SMEs (0 – 49 employees) make up 99.2%

Employee Retention 111

Employee Retention Bonuses Recruitment Taxes 111

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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Voluntary Benefits Life Insurance Health Insurance 98

McDermott Will & Emery Employee Benefits

FEBRUARY 8, 2024

Under the SECURE Act and the SECURE 2.0 Under the SECURE Act and the SECURE 2.0

401(k) 82

401(k) IT Employee Benefits Employment 82

McDermott Will & Emery Employee Benefits

FEBRUARY 15, 2024

Under the SECURE Act and the SECURE 2.0 Under the SECURE Act and the SECURE 2.0

401(k) 82

401(k) Employee Benefits Employment Retirement Plan 82

cipHR

JANUARY 12, 2017

Covering everything from talent attraction strategies to personal branding, the CIPHR blog was very busy in 2016. Making efforts to provide a pleasant working environment for employees should be at the top of every business leader’s priorities. 6 ways to motivate and engage employees (that you can do in the next 5 minutes).

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Recruitment Employment Management IT 45

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. Environmental issues are our issues.

Employee Benefits 98

Employee Benefits Salary Benefits Package Deductions 98

PeopleKeep

MAY 18, 2022

Having access to employee benefits like health insurance isn’t always guaranteed for part-time employees. According to the Bureau of Labor Statistics , only 23% of employees with part-time jobs were offered employer-sponsored health insurance.

Health Insurance 101

Health Insurance Insurance Employment Recruitment 101

cipHR

JANUARY 12, 2017

Covering everything from talent attraction strategies to your personal brand the CIPHR blog was very busy in 2016. Making efforts to provide a pleasant working environment for employees should be at the top of every business leader’s priorities. 6 ways to motivate and engage employees (that you can do in the next 5 minutes).

Recruitment 40

Recruitment Employment Management IT 40

Employee Benefits

DECEMBER 15, 2022

When business leaders and HR managers sit down to think about how to boost their employee value proposition, conversations turn to the three pillars of well-being – financial, physical, and mental – and the employee benefits available. The post PAID VOLUNTEERING AND THE EMPLOYEE EXPERIENCE appeared first on Employee Benefits.

Employee Benefits 105

Employee Benefits Employment Management 105

Employee Benefits

APRIL 6, 2023

We often talk about employee experience here at Sodexo Engage, but it’s been a while since we dug deep into what it is. WHAT IS THE EMPLOYEE EXPERIENCE? In a nutshell, employee experience is what we see and experience while at work, from the moment a candidate starts the recruitment process to their very last day.

Recruitment 98

Recruitment Employee Benefits Management IT 98

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. For starters, let’s look at a few considerations when evaluating health plans for the first time.

Deductions 98

Deductions Deductible Healthcare Flexible Spending Account 98

Achievers

FEBRUARY 15, 2022

What makes employees stay? Headlines continue to signal that the Great Resignation is in full swing, and companies are struggling to retain employees and recruit new ones, particularly for roles that were already hard to fill. Some have defaulted to boosting pay or improving benefits. especially in challenging times.

Health 279

Health Entertainment Recruitment IT 279

Achievers

JANUARY 19, 2021

The hard part is actually building the team that will embody your organizational culture and propel you forward.” 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. .

Employee Recognition 322

Employee Recognition Salary Management Employment 322

Employee Benefits

JULY 6, 2023

Part two of our ‘Workplace Wellbeing Made Simple’ blog series goes into more detail on financial, physical, and mental wellbeing. Having explored how to start your organisation’s journey into creating an employee wellbeing strategy by embedding it into your culture, it’s time to break down the three core pillars of wellbeing.

Employee Benefits 52

Employee Benefits IT 52

Qandle

OCTOBER 9, 2023

This comprehensive document serves as a guiding beacon, outlining the policies, procedures, and expectations that govern the employer-employee relationship within a company. It sets the tone for how employees are expected to behave, thus fostering a positive work culture. This helps in mitigating legal risks and potential lawsuits.

Human Resources 98

Human Resources Retirement Plan Media Overtime 98

Employee Benefits

FEBRUARY 5, 2024

Statistics show that it’s the day of the year when UK employees are most likely to call in sick. Read on to discover how we can reduce absenteeism in an employee-centric way. The average rate of absenteeism per employee per year has increased from 5.8 It’s just one day… right? 600,000 people and £45 million in one day.

IT 98

IT Retail Banking Bonuses 98

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.

Salary 59

Salary Benefits Package Recruitment Employee Retention 59

Enjoy Benefits

APRIL 24, 2024

A few months ago we posted about the importance of a great onboarding process to get new employees off on the right foot. As much as new starters are part of company life, leavers are an inevitable feature too. It’s estimated that UK employees will work for six different companies on average during their careers.

Recruitment 52

Recruitment Consulting Employee Benefits Employment 52

Achievers

JANUARY 21, 2021

Employees are struggling with burnout, disconnection, and low morale more than ever before. Recognition is the number one ask from employees in this new normal. And meeting this desire can have a huge effect on key contributors to your bottom line, like employee engagement and retention. The importance of employee recognition.

Employee Recognition 314

Employee Recognition Employee Retention Retail Technology 314

Employee Benefits

DECEMBER 11, 2023

Many employees will, at some point, grieve in the workplace, with their colleagues forming part of their immediate community. During this blog, we’ll explore how employers can support their employees through grief, empowering managers with the skills they’ll need to help.

Paid Leave 52

Paid Leave Employee Benefits Employment Management 52

Achievers

SEPTEMBER 29, 2020

Gathering and acting on employee feedback is crucial if you want to improve engagement, which drives greater business outcomes related to the employee experience , such as productivity and retention. Before diving into the benefits of pulse surveys, let’s first define what they are. Employees want more frequent surveys.

Retail 233

Retail Management Employment IT 233

Money Talk

MAY 18, 2022

Now that 2021 income tax season has been over for a month and the dust has settled, it is time to start some serious tax planning for 2022. In an earlier blog post , I described 12 tax planning topics for 2022. Take time now to research potential account custodians. 401(k), 403(b), and traditional IRA). .

Taxes 262

Taxes 401(k) Deductions Deductible 262

McDermott Will & Emery Employee Benefits

JANUARY 11, 2023

We recently reported on an FAQ issued December 23, 2022 (FAQ About Affordable Care Act and Consolidated Appropriations Act, 2021 Implementation Part 56) by the US Departments of Labor, Health and Human Services and the Treasury (collectively, the Departments).

Employee Benefits 78

Employee Benefits Health and Welfare Executive Compensation Retirement Plan 78

Achievers

DECEMBER 22, 2020

Strong motivation translates directly to higher productivity, and the good news is that, as a manager, you have control over many factors that influence employee happiness. Here are five ways to build a work culture of emotional well-being and recharge employee motivation. Promote employee wellness. Involve a larger purpose.

Employee Retention 315

Employee Retention Employee Wellness Education Management 315

Money Talk

APRIL 28, 2022

When someone feels powerless, a financial counselor might say “Tell me about a time that you felt in control over your finances.” Sometimes people need to be reminded about better times when they had power so they can think more positively and move forward. listening to podcasts while walking). maximum HSA contribution, 2.

401(k) 183

401(k) Health Savings Account Finance Retirement Plan 183

Achievers

MAY 11, 2021

But these interactions can be difficult to navigate, if you can even find the time to initiate them. Compliments can come up at almost any time — during a meeting, after a chance encounter in the hall, or even when working remotely! This may not be easy, but if you practice it consistently, it will become natural in no time.

Employee Recognition 224

Employee Recognition Software Technology Management 224

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.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

Achievers

MAY 28, 2020

You should, given 75 percent of professionals believe it’s the employers responsibility to provide health and well-being benefits. Focusing on employee wellness is a win-win for both employees and employers. The COVID-19 pandemic resulted in elevated stress for nearly all employees. Reduce stigma around mental health.

Employee Wellness 253

Employee Wellness Education Employment Management 253

Achievers

FEBRUARY 16, 2021

Are you ready for employee appreciation day? It takes place on the first Friday of March every year, and it’s a great opportunity to show your employees how much you value them. When employees feel appreciated, they perform at their best and are less likely to leave. Pamper your employees.

Employee Recognition 297

Employee Recognition Employee Retention PTO Food 297

InterWest Insurance Services

APRIL 18, 2024

If you’ve noticed a lot of employees asking for time off for a “mental health day,” you aren’t alone. And, data from ComPsych , a provider of employee assistance programs (EAPs), shows that such leave requests have skyrocketed by more than 300% in the past six years. It’s time to take action: 1.

Out of Pocket Cost 95

Out of Pocket Cost Parental Leave Work From Home Insurance 95

Vantage Circle

APRIL 20, 2023

In this blog, we will dive into the significance of this special day, why it matters for employees, and how HR can play a pivotal role in celebrating and promoting the day. " But the focus of this day is not on the getting out early part. By utilizing these factors, one can get excellent outcomes in less time.

Utilities 98

Utilities Media Recruitment Employment 98

Benefit Resource Inc.

NOVEMBER 22, 2023

As the season of Thanksgiving is upon us, it’s only fitting to pause and express our deepest gratitude for the pillars of our success—our employees, clients, and valued participants. Our employees are the driving force behind our achievements, and we are immensely grateful for their unwavering commitment.

Engineering 96

Engineering Food Media Management 96

Qandle

APRIL 3, 2023

Terminating an employee is never an easy task, but sometimes it’s necessary to ensure the success and productivity of a company. One of the key aspects of a termination is communicating with the employee in a professional and respectful manner. This is where a termination email comes in. How to write a Termination Letter?

Employment 98

Employment IT 98

Qandle

AUGUST 3, 2023

It involves the systematic and accurate calculation of employee salaries, ensuring timely disbursement, and complying with various legal and regulatory requirements. Step 1: Employee Information Collection The first stage in payroll processing is to collect comprehensive information from new employees.

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Payroll Payroll Software Deductions Deductible 98