Thu.Sep 21, 2023

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10 benefits of employee engagement: Why it’s so important 

Achievers

There’s a stark difference between organizations that have strong employee engagement, and those that don’t. One can boast employees who are always excited about tackling the next part of the project, look for innovative ways to add value, and strive to outdo themselves on a daily basis. The other is filled with team members who are just there for the paycheck and are likely keeping an eye out for a more fulfilling position elsewhere.

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How to Protect Yourself in Today’s Scary Economic Environment

Money Talk

I recently taught a class with the same title as this post. It began with a summary of recent “scary” economic events: recession fears, rising interest rates, bank failures, volatile stock prices, increased costs of basic expenses due to inflation, layoffs, low savings rates, increasing credit card APRs and household debt, housing unaffordability, and more.

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Ninth Circuit: Changes to a Services Agreement Require Consideration of Indirect Compensation

Proskauer's Employee Benefits & Executive Compensa

A recent Ninth Circuit decision has generated considerable controversy amongst employee benefits practitioners by holding that plan fiduciaries engaged in prohibited transactions when they amended the plan’s existing recordkeeping contract to add brokerage and investment advisory services. In so ruling, the Court remanded the case to the district court to consider whether the transactions fell within the exemption for reasonable service agreements and, independently, whether it was imprudent for

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How to Implement Genuine Sustainability Initiatives at Work

Employee Benefits

What do you think of when you hear the term ‘sustainability’? Green plants filling the office, colour-coded recycling bins or an array of reusable coffee cups? There are many small ways we can take eco-friendly approaches within the workplace. But when we look at the scale of the climate crisis we’re dealing with, it highlights how important it is for businesses to take bold, direct action.

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Creating a Company Culture of Care: Integrating Mental Health, Wellbeing, and DEI in Benefits

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.

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Employee financial wellness: Why it matters in the workplace

Insperity

When you think about employee wellness, categories like physical, emotional and social probably first come to mind. But what is your organization doing to prioritize employee financial wellness? For employees, their personal financial wellness is an acute concern right now. So, what can employers do to address these mostly external factors that can impact employee wellbeing?

401(k) 101

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More Insurers Scale Back on Prior Authorizations

InterWest Insurance Services

Some of the nation’s largest insurers have announced plans to roll back their prior authorization requirements for medical services. Prior authorization — or prior approval — has always been a thorn in the side of patients, often keeping them from accessing care in a timely fashion. The moves by these insurers come after the Centers for Medicare and Medicaid Services (CMS) announced earlier this year that it would require health insurers to automate prior authorization and return decisions

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Striving for more: Associate educational support programs

UMB: Emplooyee Benefits

To stay competitive, companies must foster and develop talent. Here's how UMB supports associates' professional growth and education. The post Striving for more: Associate educational support programs appeared first on Financial insights for individuals and businesses.

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CVS, Peloton and DoorDash among top 25 companies offering hybrid jobs

Employee Benefit News

Every company on the list was recognized for having the highest number of hybrid job openings over the last 12 months.

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Papaya Global Makes U.S. Expansion a Breeze

PayrollOrg

Papaya Global announced it is expanding its role in the U.S. market, helping companies decide which employment model is best suited to them, whether the company has its own entity in the U.S. or not, and can even provide payments and management for independent contractors—experts in global expansion to help maintain compliance.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

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.

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Open enrollment communications that rock

Employee Benefit News

In order to increase employee engagement, employers should identify the best way to relay benefit information.

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How startups can offer health coverage

PeopleKeep

According to the Commerce Institute 1 , 4.4 million businesses start up each year in the United States. Starting a business is an exciting yet challenging endeavor for hard-working entrepreneurs and can come with many unforeseen hurdles, like hiring and keeping a team.

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Top 10 Enterprise Payroll Software in 2023

HR Lineup

Payroll management is critical for businesses of all sizes, but it becomes especially complex for enterprises with a large workforce. In 2023, enterprise payroll software has evolved to offer advanced features that streamline the payroll process, ensure compliance with tax regulations, and enhance employee self-service options. To help you choose the right solution for your organization, we’ve compiled a list of the top 10 enterprise payroll software options for 2023. 1.

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Job Abandonment: What It Is & How To Deal With It

BetterUp

Jump to section What’s job abandonment? 7 job abandonment causes What are the consequences of job abandonment?

IT 97
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6 Strategies to Navigate Social Determinants of Health for a Better Workplace

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.

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Legal & Legislative Reporter: Medical Provider May Not Bring Claim on Behalf of Participants and Beneficiaries

International Foundation of Employee Benefit Plans

Every month, the International Foundation releases the Legal and Legislative Reporter, a compilation of new employee benefits–related case summaries. Below is a summary we thought you’d be interested in. Content provided by Morgan, Lewis & Bockius LLP. The U.S. District Court for the […] The post Legal & Legislative Reporter: Medical Provider May Not Bring Claim on Behalf of Participants and Beneficiaries appeared first on Word on Benefits.

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Guild's Dominique Schroeder is asking all the right questions about benefits

Employee Benefit News

Spearheading an in-depth survey and listening to employees has helped her understand what they really want from their organization.

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British Business Bank appoints new chief people officer

Employee Benefits

British Business Bank has appointed Karen Barnett chief people officer , effective from October. Barnett will join the bank from private wealth management firm WH Ireland, where she was human resources director and a member of its executive committee. While there, she established a best practice HR team and was responsible for collaborating with the board and chief executive officer (CEO) to develop and implement people strategies and policies.

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Why RethinkCare's Louis Chesney wants to help make room for neurodiverse talent in the workplace

Employee Benefit News

The neurodiversity program manager shares how his position has helped him give back to his community.

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HR Trends to Watch in 2024 + Plus Advice for Driving Impact!

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.

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Tilbury Douglas gains menopause-friendly accreditation

Employee Benefits

UK building, infrastructure, engineering and fit-out firm Tilbury Douglas has received menopause-friendly accreditation. Established by Henpicked: Menopause In The Workplace, the accreditation sets clear standards for organisations to meet. In order to achieve accreditation, employers are assessed by an independent panel and must demonstrate evidence of their effectiveness in culture, policies and practices, training, engagement, facilities and evaluation.

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13 Unique Skills for Resumes to Make You Stand Out

BetterUp

Jump to section 13 skills examples for resumes that grab recruiters’ attention What skills should you put on your resume?

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DWF and Natwest among top UK family-friendly employers

Employee Benefits

Law firm DWF, financial services firm Citigroup and banking group Natwest have been named as some of the top family-friendly employers in the UK. Working Families, a national charity for working parents and carers, established the list 14 years ago and each year assesses employers from a range of sectors using its Working Families’ Benchmark. Using feedback from more than 330,000 UK employees, employers re sacored on four areas related to flexible and family-friendly policies and practices that

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What Are Job Training Programs? + 6 Examples

BetterUp

Jump to section What are job training programs?

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Improving Access To & Utilization Of Cancer Screening With Color

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.

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Amazon invests $1.3 billion in pay for US employees

Employee Benefits

Credit: Sundry Photography / Shutterstock.com Online retailer Amazon has invested $1.3 billion (£1.1 billion) into US customer fulfillment and transportation employees’ average hourly pay. This investment brings average pay for those roles to more than $20.50 (£16.66) per hour, which is a 50% increase over five years. Some locations will offer up to $28 (£22.75) per hour.

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Corporate Culture Should Be Part of Due Diligence in Agency Transactions

InterWest Insurance Services

If you are considering a merger with another agency or being purchased, there is plenty of due diligence that you’ll need to perform. Due diligence will span the gamut of issues, such as how contracts are structured, the soundness of the plan – and the numbers, of course. If your agency is being purchased or merged into another agency, one of the main reasons the other company is entering into the agreement is the success you’ve had over the years.

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Does your company need environmental liability insurance?

Higginbotham

Companies that accidentally pollute can face millions of dollars in costs related to lawsuits and cleanup requirements. Expensive incidents can also occur when business operations inadvertently lead to mold, bacterial or asbestos contamination. Environmental liability insurance provides important coverage for contractors, manufacturers and other businesses that have environmental-related exposures.

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The best HR software for small business owners

Business Management Daily

Many small businesses and startups have a strained relationship with their human resource needs, as they often lack the budget necessary for a full-fledged HR department. At the same time, some HR processes are unavoidable, such as onboarding new hires, recruitment, time tracking, payroll , and employee recordkeeping. As a result, these smaller organizations tend to tack on HR tasks for their managers and employees, or the small business owner may choose to handle HR management alone.

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Balancing Cost and Care: 3 Key Considerations for Cost Optimization in 2024

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.