Thu.Mar 02, 2023

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What to Know About Individual Coverage Health Reimbursement Arrangements

International Foundation of Employee Benefit Plans

Health reimbursement arrangements (HRAs) have traditionally been used for medical cost sharing purposes to help employees with copays, coinsurance and deductibles. On June 13, 2019, the Departments of Labor, the. Read more > The post <strong>What to Know About Individual Coverage Health Reimbursement Arrangements</strong> appeared first on Word on Benefits.

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Barbservations From Online RMD Webinars

Money Talk

After I left New Jersey and was no longer a recognizable figure as a financial educator for Rutgers University, I attended a few free meal seminars “undercover” in my new home state of Florida. Few people know about my financial education work and I knew I wouldn't be "outed" and asked to leave because I'm a CFP(R). Knowing that these seminars have been linked to an increased risk of abusive sales practices, if not outright investment fraud, and having read a detailed expose’ by Helaine Olen in

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Compliance TV: IRS Finalizes Rules to Lower Electronic Filing Threshold for 2024

PayrollOrg

In this March 2023 edition of Compliance TV: IRS Finalizes Rules to Lower Electronic Filing Threshold for 2024; Supreme Court Rules HCE Was Owed Overtime, Not Paid a Salary; IRS Releases 2023 Form 941, Schedules, and Instructions; and more.

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Human leader vs. traditional boss: What’s the difference?

Insperity

Whether you’re a seasoned manager, recently promoted into a leadership role or you are responsible for an entire team of leaders, everyone should be asking the same question: How can I (or we) exercise more effective, influential and empowering leadership? The answer tends to lie in management style : Is your approach to leadership geared for the “traditional” boss?

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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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The importance of physical activity for employee wellbeing

Employee Benefits

In a recent article from the BBC , it has been revealed that a daily walk prevents one in 10 early deaths. The UK analysis suggests that if everyone did as little as 11 minutes of daily activity, one in 10 premature deaths could be prevented. Clearly a little bit of exercise every day has some great physical health benefits, but exercise also has many mental health benefits.

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Two-fifths of employers have introduced cost-of-living support for staff

Employee Benefits

Two-thirds (66%) of senior business leaders agree that employers have a substantial role to play in supporting staff through the rising cost of living , and 40% have introduced support measures since the start of 2022, according to research by the Work Foundation at Lancaster University. The briefing Shifting sands: Employer responsibility during the cost-of-living crisis polled more than 1,000 senior decision-makers from British businesses, and found that among those that had introduced cost-of

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8 Key HR Trends Shaping the IT Industry in 2023

Darwinbox

The role of HR in the IT industry is more important than ever before. A robust HR strategy can optimize resource utilization, get you the best talent, nurture relationships, and improve your company’s bottom line. This article discusses the latest HR trends in the IT industry. The knowledge of these emerging HR trends in the IT industry will help shape your HR strategy and HR technology investments.

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How does poor wellbeing affect organisations?

LACE Partners

Our host Chris and LACE consultant Evan Wynne are joined by Deirdre O’Shea who is the Associate Professor of Work and Organisational Psychology at the University of Limerick. She has come onto the podcast to give an academic perspective on the state of wellbeing and how this is impacting organisations. We ask for her perspective on a series of questions, including: In terms of wellbeing, what does science say, and how this is affecting organisations?

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Cadent reports 3.15% mean ethnicity pay gap

Employee Benefits

UK gas network Cadent has reported a mean ethnicity pay gap of 3.15% for 2022, down from 4.47% in 2021. This was the first year the business reported its ethnicity gap data publicly. The employer, which has more than 6,000 members of staff, saw its median ethnicity pay gap narrow from 9.11% in 2021 to 4.68% in 2022. Cadent’s mean ethnicity bonus gap for 2022 was 9.6%, down from 19.72% in 2021, and its median gap was 17.99%, down from 29.53%.

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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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What Are Employees Looking for in a Remote Job? 5 Factors to Consider When Crafting the Job Description

Hppy

Remote work is becoming more and more popular with employees and freelancers for several reasons. For one, it improves their work-life balance. Remote workers have more free time to handle chores, make doctor’s appointments, and see their friends, families, and children. For another, remote work leads to better mental health. A 2022 FlexJobs survey shows that 84% of employees think a remote or hybrid job would make them happier and more content.

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DWP confirms pension dashboard delivery will be delayed

Employee Benefits

The Department for Work and Pensions (DWP) has issued a ministerial statement confirming that the Pensions Dashboards Programme (PDP) will not be able to meet the delivery deadlines originally set out in its legislation. The DWP said that it will work together with the PDP to establish and legislate a revised plan for delivery, but that the overall framework for the pension dashboard remained unchanged.

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Finding Your Story: 3 Stories that Make-or-Break Insurance Costs

AssuredPartners

Introduction: What is your organization’s story to insurance underwriters? Fundamentally, underwriters rely on available facts to quote and issue an insurance policy. Today, facts come from multiple sources in the so-called Era of Big Data. How an agent collects and presents facts on an insured’s behalf directly impacts an underwriter’s submission, resulting in a range of coverages and respective costs.

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Saltus appoints chief people officer

Employee Benefits

Wealth management firm Saltus has appointed Kathryn Kendall (pictured) as chief people officer as it continues its growth trajectory in 2023. Kendall was brought in to oversee people and culture during a period of fast growth. She has more than 20 years’ experience in HR. She started her career at the University of Portsmouth and held a number of senior roles, including head of HR at Candyking UK.

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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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Is Commuting Making a Comeback?

Benefit Resource Inc.

In the wake of the pandemic, many companies were forced to transition to a remote work model. With the pandemic seemingly coming to an end, many employers are beginning to consider bringing back their commuting options. It’s no secret that commuting can be a drag. Not to mention, it can be costly. But what if there was a way to make commuting less of a burden?

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Pret A Manger gives staff third pay rise in 12 months

Employee Benefits

Food and beverage business Pret A Manger has announced that its 7,870 UK shop employees will receive a pay rise in April, to support them with the rising cost of living. This will be the third pay increase employees have received in 12 months. From 1 April, team members, baristas and shop managers will receive an additional 3% pay increase on top of the 5% they gained in December 2022.

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Artificial intelligence could mean we all do more work, not less

Workplace Insight

There’s a common perception that artificial intelligence will help streamline our work. There are even fears that it could wipe out the need for some jobs altogether. But in a study of science laboratories I carried out with three colleagues at the University of Manchester, the introduction of automated processes that aim to simplify work — and free people’s time — can also make that work more complex, generating new tasks that many workers might perceive as mundane.

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Confessions of a benefits manager: Candid talks to headhunters

Employee Benefits

I used to get calls from headhunters all the time. They would also send me friendly little emails, telling me they were searching for an experienced benefits manager , and did I know anyone who would be interested. But then all the contact just stopped. For ages. Finally, just when I was beginning to think my career is over and that I am no longer relevant, I get a call, and not just from any old headhunter but from the most fancy one: Snooty Bridge Partners.

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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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iMocha

HR Lineup

iMocha is a leading cloud-based assessment platform that helps companies assess and hire candidates efficiently. It offers a wide range of assessments , including coding tests, aptitude tests, personality tests, language proficiency tests, and more. With its advanced features and intuitive interface, iMocha has become a popular choice for recruiters and hiring managers around the world.

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Paraprofessional job description and interview questions

Business Management Daily

Running an organized classroom is a big task, and sometimes teachers need a little help. That’s where hiring a Paraprofessional can help. Paraprofessionals act as classroom assistants to help teachers with classroom management and provide more individualized support to students that need it. If you’re ready to hire a Paraprofessional for your school, take a look at this sample job description to learn more about common Paraprofessional responsibilities and required qualifications.

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Modern Hire

HR Lineup

Modern Hire is a cutting-edge technology platform that helps organizations streamline and improve their hiring processes. The platform combines a range of tools, including video interviewing, chatbot-based assessments, skills tests, and AI-powered analytics, to help organizations find the best candidates for their open positions quickly and efficiently.

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Workers’ compensation vs disability insurance

Higginbotham

When employees become ill or injured, they may be unable to work, but they still need an income. Workers’ compensation and disability insurance are two different types of programs that can provide benefits. Learn about the differences between workers’ compensation vs disability insurance and why your workers may need access to both. What are workers’ compensation benefits?

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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.

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Vervoe

HR Lineup

Vervoe is an online hiring platform designed to help organizations streamline and improve their recruitment processes. Founded in 2016, the platform leverages the power of artificial intelligence (AI) and automation to enable employers to create, administer, and evaluate customized skills-based assessments. One of the key features of Vervoe is its extensive library of pre-built assessment templates, which cover a wide range of industries and job functions.

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Maximizing the Benefits of HSA Triple Tax Advantage: An HR Guide

BerniePortal

HSAs are a fantastic way to optimize your spending on medical expenses. They allow you to put aside money to be used on qualified expenses with triple tax advantages. This means you will end up with more money to spend on healthcare than if you were simply putting money aside every month. Read on to learn more about HSAs and the triple tax advantages that they offer.

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QuizCV

HR Lineup

QuizCV is an online platform that allows users to create, share, and take quizzes in a simple and intuitive way. The platform offers a wide range of features that make it easy to create professional-looking quizzes that can be used for a variety of purposes, including education, training, and assessment. One of the key features of QuizCV is its user-friendly interface.

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Biden Signs Executive Order Boosting Equity and DEI Standards

BerniePortal

On February 16, 2023, Biden signed the Executive Order for Further Advancing Racial Equity and Support for Underserved Communities Through The Federal Government. The Order seeks to build on previous initiatives to improve equity through federal funding. This legislation is a cornerstone of Biden's overall initiatives toward improving equity and DEI within the United States.

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6 Steps to a Better Compensation Strategy

Compensation is one of your biggest expenses as a business, but it is also your biggest investment in your people and your culture. A great compensation strategy can be an incredible asset that supports your business goals and lays a foundation of trust between your company and your employees. Whether you already have a compensation strategy in place or you’re building one from scratch, this guide will help you level up your approach through these 6 steps: 1.