Money Talk
JUNE 22, 2023
Who is going to get what you someday leave behind in life insurance policies and/or tax-deferred retirement accounts? Beneficiary designations are important estate-planning tools and should not be overlooked to make sure your hard-earned money gets passed down to those you select to receive it. Below are nine beneficiary “need to knows”: Beneficiary Types- Beneficiaries inherit assets when people die.
Employee Benefits
JUNE 22, 2023
One-third (33%) of employers will offer pay awards of 5% or more in 2023, according to research by ethical reward management consultancy Paydata. Its spring 2023 UK reward management survey, which surveyed HR and reward professionals across 208 organisations representing nearly half a million employees, also found that 37% will offer pay awards between 4%-5% in 2023.
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HR Digest
JUNE 22, 2023
In a concerning revelation, a recent report from Gallup has unveiled that job unhappiness has hit an all-time high. The study, based on data from Gallup’s State of the Global Workplace survey, gathered responses from over 150,000 employees across 155 countries. The results are troubling: only 33% of employees worldwide are engaged at work, showing emotional connection and motivation to excel in their roles.
Employee Benefits
JUNE 22, 2023
Today (Friday 23 June) marks one of my favourite events in the Employee Benefits calendar: the Employee Benefits Awards and Summer Party. All year round, we cover some of the fantastic initiatives and strategies employers have put in place for their employees, so relish the chance to celebrate these in person. The awards are always a great opportunity for employers to showcase the creativity and innovation they have applied to their benefits and reward strategy in order to provide options that t
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.
HR Digest
JUNE 22, 2023
In a recent survey by Blind, a workplace app for anonymous feedback, a significant 64% of tech workers expressed their opposition to full-time in-office work. Notably, even industry giants like Twitter and Meta have reversed their initial plans. The question then arises: why are tech employees resisting a return to the traditional office setting? One reason is the revelation that working from home has brought newfound productivity and happiness.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
HR Digest
JUNE 22, 2023
In Japan, there is a strong cultural stigma associated with quitting your job. The culture of loyalty to one’s employer is strong – and quitting can be seen as a sign of disloyalty. Most importantly, Japanese culture is often seen as being indirect and hierarchical, which can make it difficult for employees to confront their bosses directly. For these reasons, a new business has emerged in Japan that helps employees quit their jobs without having to face their boss directly.
Florida Workers' Comp
JUNE 22, 2023
In a now-famous scene from Star Wars: Episode V - The Empire Strikes Back (LucasFilm 1980), our protagonist is self-assured and our hero, Yoda, is not sure. Luke: I won't fail you. I'm not afraid. Yoda : You will be. You. will. be. Technology is changing our world. It is coming at us in various forms. Perhaps it is none of the Four Horsemen of the Apocalypse: "conquest, war, famine and death.
BetterUp
JUNE 22, 2023
Interested in the most in-demand jobs in 2023? Check out what jobs are in demand now, and how your soft skills will help you thrive in them.
InterWest Insurance Services
JUNE 22, 2023
Three drugmakers, which account for roughly 90% of the insulin in the U.S. market, in March 2023 announced that they will cap the cost of insulin for people with private insurance plans. That includes those on employer-sponsored group health plans and plans purchased on a government-run exchange. The changes mean some or many of your employees will see significant reductions in their pharmaceutical outlays, particularly if they have high copays or deductibles.
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.
BetterUp
JUNE 22, 2023
Jump to section When should you put your GPA on a resume? What can I include in place of a GPA? Where should I include my GPA?
McDermott Will & Emery Employee Benefits
JUNE 22, 2023
Effective July 1, 2023, Minnesota will no longer allow covenants not to compete, with limited exceptions for the sale or dissolution of a business. The law is not retroactive, nor does it apply to nondisclosure agreements or client/customer nonsolicitation restrictions. Read more here. The post Minnesota Bans Noncompete Agreements with Limited Exceptions appeared first on EMPLOYEE BENEFITS BLOG.
Employee Benefit News
JUNE 22, 2023
WalletHub ranked states according to the differences between Black and white Americans, in areas like unemployment rate and annual income.
International Foundation of Employee Benefit Plans
JUNE 22, 2023
Benefits Magazine Extras articles provide you with bonus content on a mix of benefits topics as well as deep dives and analysis on the latest benefit trends and compliance issues. Visit ifebp.org/benefitsmagazine to see the latest Magazine Extra as well as the bimonthly print […] The post Magazine Extra: 7 Questions to Ask Before Rebooting Your Financial Wellness Plan appeared first on Word on Benefits.
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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.
Employee Benefit News
JUNE 22, 2023
Many hiring managers neglect to properly prepare for interviews, often leading to a poor candidate experience.
eni
JUNE 22, 2023
In the modern work environment, employee wellbeing is more than just a trend—it's a fundamental aspect of successful organizations. Employee wellbeing is a holistic concept that encompasses physical, mental, and emotional health. While traditional employee benefits have played a crucial role in promoting wellbeing, the evolving understanding of health demands a more personalized approach to benefits.
Employee Benefit News
JUNE 22, 2023
Employers that choose not to go beyond new rules are missing out on a much larger opportunity.
Employee Benefits
JUNE 22, 2023
Fashion brand Burberry has appointed Alexandra McCauley as chief people officer. McCauley, who will start in the London-based role on 15 November 2023, will be responsible for all aspects of Burberry’s people strategy globally. She will join the executive committee and she will report to Burberry’s chief executive officer, Jonathan Akeroyd. She is currently head of global diversity and inclusion, and global people communications and engagement at Chanel in London.
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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.
Employee Benefit News
JUNE 22, 2023
By making sure everyone feels seen, employers keep talent and boost satisfaction.
Employee Benefits
JUNE 22, 2023
Digital marketing agency Precis Digital has introduced a paid Mental Health Day for its 510 employees, along with a range of other mental health initiatives. Employees can take any day of their choice as a Mental Health Day during the month of June. The day is designed to offer a paid day off to enable staff to disconnect from work and focus on activities that support mental wellbeing.
Benefit Resource Inc.
JUNE 22, 2023
As the school year comes to a close for many across the country, it might be time for all of us to review what we have learned and consider the ABC’s of Commuter Benefits. A fter-tax purchases cost you on average 30-40% more than pre-tax purchases. B efore tax elections allow you to set aside funds on a pre-tax basis for commuting expenses. Let’s be serious.
Employee Benefits
JUNE 22, 2023
Around 90 workers on BP Petrofac installations have accepted a 9% wage increase , bringing a long-running dispute to an end. The BP Petrofac installations include Andrew, Clair, Clair Ridge, ETAP, and the Glen Lyon floating production, storage and offloading facility. The employees, who are members of trade union Unite, include electrical, production and mechanical technicians, deck crew, scaffolders crane operators, pipefitters, platers, and riggers.
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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.
HR Lineup
JUNE 22, 2023
HireSure is an innovative platform that revolutionizes the hiring process by leveraging the power of artificial intelligence (AI) and advanced analytics. Designed to streamline and optimize the recruitment process, HireSure offers a comprehensive suite of tools and features that enable businesses to make data-driven hiring decisions with confidence.
Employee Benefits
JUNE 22, 2023
Savills is celebrating Pride across the UK this month, holding a number of events across the country from a Pride-themed bake off in Inverness, to taking part in the parade in Cardiff. This year, we are also proud to be partnering with the Albert Kennedy Trust (AKT), the LGBTQ+ youth homelessness charity, hosting a special afternoon tea at our London headquarters to raise both money and awareness.
Professionals Alternative
JUNE 22, 2023
[link] Unlocking Success In Real Estate: Hiring The Right Legal Assistant In A Fast-Paced Industry In today’s fast-paced world of real estate, having a skilled and knowledgeable legal team is crucial to success. The real estate industry is known for its high-pressure environment, where deals need to be closed quickly and efficiently. This is where a competent Real Estate Legal Assistant comes in.
Business Management Daily
JUNE 22, 2023
Direct deposit works through the Automated Clearing House (ACH) network—you instruct your bank to prepare a payroll file and it disburses employees’ pay electronically to their banks. It’s clean and usually error-free because NACHA (the National Automated Clearing House Association), the electronic banking organization, has rules and protocols controlling the process.
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Discover essential strategies for employers to balance cost optimization with care. The top priorities for employers in 2024 are retaining talent, growing revenue and sales, and attracting talent. To achieve these goals, employers are turning towards comprehensive total rewards strategies informed by data-driven insights. Hear from industry experts on cost optimization strategies and how to leverage these approaches for a healthier workforce.
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