Wed.Jun 29, 2022

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Account-based health plans vs. healthcare reimbursement plans

PeopleKeep

As an employer, you always want to offer the best possible healthcare benefits for your employees. But with healthcare costs rising , making sure those health benefits options are also budget-friendly is also crucial. By adding an affordable health benefit to your compensation package, you’ll be able to better attract and retain employees , improve morale, and support your employees’ overall wellbeing.

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It’s Time for a Mid-Year Financial Check-Up

Money Talk

It’s that time again…time for a mid-year financial check-up! We are almost at the halfway mark of 2022, which makes this a perfect time to assess your financial progress and take action over the next six months. Last year, I wrote a blog post about mid-year financial check-up s for the OneOp Personal Finance team. In it, I urged a review of tax deductions/credits, tax withholding, budgeting/cash flow, flexible spending accounts, financial goal progress, and investment portfolio status.

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Fail to Plan or Plan to Fail?

AssuredPartners

“Failing to plan is planning to fail” is a common phrase that has been around for many years. Even after hearing it for the first time, years later it still rings true, especially if you are an employer that is required to procure workers’ compensation coverage. Workers’ compensation is one of the few lines of insurance where an employer can have a positive impact purely through planning and management of the claims.

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15 Best Ways to Improve Your Relationship with Remote Workers

Vantage Circle

Working remotely can be a great way to have a more flexible lifestyle and spend less time commuting. However, there are some potential downsides to working remotely. For instance, employees might feel isolated from colleagues or feel like they're not contributing as much to the company. The best way to deal with this is to prevent it. Start thinking about including workers into the team on time and making them feel welcome and appreciated.

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The Ultimate Performance Review Checklist

Performance reviews are a proactive way to engage with your employees, provide clear communication about expectations, and acknowledge them for their hard work. But getting the right framework and creating consistency across your organization can be tricky. We put together this checklist to help you evaluate your current performance review process and equip managers with the right tools to perform individual assessments.

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How your employee benefits package can foster inclusivity

PeopleKeep

Today’s workplace is more diverse than ever. There are five generations in the workforce, each with its own unique needs and challenges. And with the rise of remote and hybrid work , some employees are local, while others are widespread, including in other countries. Creating an inclusive workplace can be a challenge for many organizations. As you continue to hire employees from diverse backgrounds, you must ensure that your HR team is up to the challenge of ensuring everyone feels safe and incl

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Gather and Store Unique Information About Employees with Custom Fields

BerniePortal

From filling out compliance forms, meeting their new colleagues, getting up to speed on training to be successful in their new role, to gathering employee information, HR teams and hiring managers have a lot to accomplish during each employee’s onboarding experience. And even after a new hire has been onboarded, it's crucial to maintain employee data throughout the employee lifecycle.

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The impact of Dobbs on employer provided healthcare

Business Management Daily

This is not a post about politics. You can figure that out by yourself. This is a post about the options employers have in the wake of the Supreme Court’s June 24 Dobbs v. Jackson Women’s Health Organization decision, which reversed Roe v. Wade. Group health plans are the natural place to start when thinking about reimbursing expenses related to female employees’ family planning decisions.

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3 ways to attract Gen Z and Millennial employees

Best Money Moves

3 ways to attract Gen Z and Millennial employees. Gen Z and Millennials are the next generation of American workers. Here are three top benefits to help attract these key employees. Gen Z and Millennial employees now comprise roughly 46% of the U.S. workforce, according to data from Gallup, and with them comes a new way to think about benefits. LinkedIn research shows that young employees demand new talent strategies. .

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Tax-deductible Donations to Ukraine: Employee PTO Donations

Patriot Software

Russia’s invasion of Ukraine has people across the U.S. thinking of ways to donate to the Ukrainian people. Businesses giving charitable donations, like money and property, are common. But, there are other ways to contribute. Employees can make PTO donations to Ukrainian refugees to help raise money for those in need. Read on to learn […] READ MORE.

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Want To Enhance Your Total Rewards To Achieve Organizational Success? Start Here.

Are you looking for ways to enhance your employee value proposition? Gallagher Better Works SM Insights has got you covered! Dive into the latest magazine issue and discover how flexibility, equity, recognition and strategically applied resources can improve your total rewards package. Download the PDF to learn more about: Building retirement benefits for a global and mobile workforce Promoting employee and organizational growth through succession planning Empowering women in leadership through

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California Supreme Court Clarifies Whether Missed-Break Premiums Are ‘Wages’ That Trigger Derivative Penalties

McDermott Will & Emery Employee Benefits

On May 23, 2022, the California Supreme Court issued its decision in Naranjo v. Spectrum Sec. Servs. Inc. (Naranjo), holding that meal and rest break premiums (also known as extra pay or premium pay) constitute “wages” that: (1) must be accurately reported on employee wage statements pursuant to Labor Code section 226 and (2) must be […]. The post California Supreme Court Clarifies Whether Missed-Break Premiums Are ‘Wages’ That Trigger Derivative Penalties appeared first on EMP

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Study: HSA Utilization Differs By Race, Gender, Ethnicity, And Income

Wellable

Health Savings Accounts (HSAs), which allow individuals to store and withdraw funds for certain qualified medical expenses, are frequently offered as part of an employer’s benefits package. According to one report , nearly 40% of companies offered an HSA-qualified health option in 2021.

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Advocating for Queer Employees in the Workforce

International Foundation of Employee Benefit Plans

Over the past Pride Month, many companies have transformed their usual logo to a more colorful rainbow one. And although this is a great way to show support to their. Read more > The post Advocating for Queer Employees in the Workforce appeared first on Word on Benefits.

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Leave Laws and Holidays in the United Kingdom

Global People Strategist

The United Kingdom has several laws and regulations governing holidays and leave. These laws are designed to protect workers’ rights and ensure that they are able to take the time off to which they are entitled. Annual Leave Entitlement in the UK. All workers in the UK are entitled to 5.6 weeks’ worth of paid annual leave per year. This includes bank and public holidays.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Gen Y Spending: An Interesting Case Study on Smart Shopping and Savings

Empuls

Karan is an unmarried millennial who is also an urban dweller of one of the metros of India. Due to his resident city, he is spoilt for choices and services available to him at his doorstep or with the simple tap of a button on his smartphone. Karan's expenditure varies from weekly expenses like groceries to occasional indulgences like fine dining and traveling.

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Is a Lifestyle Spending Account Worth Adding as an Employee Benefit

HR Professionals Magazine

By Paula Smith. When it comes to attracting and retaining employees, benefits have always played a vital role. In this very competitive environment, employers are looking beyond standard medical, dental and vision benefits to perks such as Lifestyle Benefit Accounts (LSAs). An LSA is an employer-funded, taxable benefit designed to promote employee wellness, happiness and productivity.

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How To Handle PEO On a Global Scale

Genesis HR Solutions

One of the most exciting and rewarding aspects of being a business owner is seeing the company you’ve nurtured grow into an organization that has employees all over the world. If you’ve grown to a point where you’re hiring internationally, you already know that everything becomes more complex. It’s one thing to have varying state laws to adhere to; it’s another thing entirely to try to stay compliant with a bevy of global regulations.

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Transform Your Employee Benefits from an Expense to a Competitive Advantage

HR Professionals Magazine

The post Transform Your Employee Benefits from an Expense to a Competitive Advantage appeared first on HRProfessionalsMagazine.

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An HR Leaders Guide: 7 Questions To Ask When Developing Your Cancer Strategy

As HR and Benefits leaders are in the midst of evaluating cancer care solutions and designing their requirements for vendors, it’s key to know what questions to ask to ensure the development of a truly comprehensive strategy: from prevention to diagnosis to treatment to survivorship. Getting to the right answers starts with asking the right questions: How can better access improve engagement?

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US Supreme Court Allows Veteran to Sue a State Agency for Employment Discrimination

Workers' Compensation

In a 5-4 decision authored by Justice Breyer, the US Supreme Court reversed a lower court and remanded the case allowing a veteran to sue the state of Texas. It held under the US Constitution that the States agreed it would yield their sovereignty to the Federal Government to raise and support the Armed Forces. QUESTION PRESENTED: In the Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA), Congress gave the over 19 million military service-members—including over 800,000 wh

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The Intersection of Technology and Women’s Health: Are You Doing Enough?

HR Professionals Magazine

By F. Randy Vogenberg, PhD, and Murray L. Harber. Human Resource (HR) professionals across the country are working on many issues as we come out of the pandemic such as staffing, return to work, diversity-equity-inclusion, employee benefits, amongst the usual HR duties. Rapidly emerging are the specific issues of behavioral and mental health benefits, metabolic health, and gender specific concerns for both women and men.

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Employee Spotlight – Abdias Denis, Senior Benefits Specialist, on the important work the Winston call center provides.

Winston Benefits

Questions Kelly: You started with Winston a couple of years ago as a Benefits Specialist and were promoted to a Senior Benefits Specialist at the beginning of the year, which is great! What are your goals moving forward in this position and with Winston? Abdias: As a Senior Benefits Specialist, my goal is to ensure … Continue reading "Employee Spotlight – Abdias Denis, Senior Benefits Specialist, on the important work the Winston call center provides.".

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Invisible Illness: What You Need to Know About What You Can’t See

BetterUp

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The Complete People Management Toolkit

From welcoming new team members to tough termination decisions, each employment lifecycle phase requires a balance of knowledge, empathy & legal diligence.