Wed.Mar 15, 2023

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Is unlimited time off the right PTO approach?

Employee Benefit News

PTO 84
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Annuity Myths and Facts

Money Talk

An annuity is a contract between an investor and a life insurance company. Annuities are sold by insurance agents, stock brokers, and other financial advisors. The annuitant, who is usually (but not always) the owner of the annuity, pays a lump sum amount or makes deposits over time and the insurance company promises immediate payments or payments at a future date.

Insurance 185
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California Will Waive Penalties for Employers Affected by Bank Closure

PayrollOrg

The California Employment Development Department has announced that it is waiving penalties for employers that are unable to make payroll deposits timely due to the Silicon Valley Bank failure.

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How can employers support parents with babies that need neonatal care?

Employee Benefits

Need to know: The Neonatal Care (Leave and Pay) Bill will allow parents with babies needing neonatal care to take up to 12 weeks paid leave. The Employer with Heart charter is awarded to organisations that have extra provisions in place for employees with babies who are born prematurely. Support such as an employee assistance programme (EAP), flexible-working arrangements and a parent-friendly policy can help to create a culture where employees feel able to ask for help.

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Combatting the Effects of Inflation: Keeping Benefits Competitive While Cutting Cost

Speaker: Jaye Johnson, CBP - Employee Benefits and Total Rewards Leader, World at Work Content Author, and Speaker

After years of facing the global pandemic, we are now struggling with a new problem: inflation. No one could have predicted the impact of inflation on employee benefits and how it affects both employees and employers. Employers are now trying to maintain or lower the cost of benefits while competing for talent in a competitive and tight labor market, but the rising costs of consumer goods and healthcare make it extremely difficult to consider increasing their benefit offerings.

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3 Considerations When Evaluating Commuter Benefits

Benefit Resource Inc.

What employers should consider Finding the right Commuter Benefit Plan (CBP) doesn’t have to be difficult. There are steps you can take to narrow down your plan options and determine which CBP is the best fit for your company and your employees. When evaluating commuter benefits, there are three primary considerations you should make (along with three primary employee considerations).

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Promotion Announcement: How to Write One

BetterUp

Jump to section What’s a promotion announcement? Where should I announce a job promotion? How to write a promotion announcement Email job promotion announcement examples 6 tips for creating a great promotion announcement Use promotion announcements to congratulate and motivate One of your team members earned a promotion, and your job is to share the news with the rest of the company.

IT 98
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Spring Budget 2023: 30 hours free childcare for under-threes

Employee Benefits

Spring Budget 2023: The government has introduced 30 hours of free childcare for parents with children under the age of three, according to Chancellor of the Exchequer Jeremy Hunt’s statement to the House of Commons today (15 March 2023). Only applicable to households where parents are working more than 16 hours a week, the provision will be during term time and last 38 weeks of the year, estimated to reduce childcare costs by around 60%.

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The UK workplace sector reacts to the Spring Budget 2023

Workplace Insight

Today the UK’s Chancellor of the Exchequer, Jeremy Hunt presented his Spring Budget to the House of Commons. In it he announced what her referred to as his ‘four pillars’ of industrial and productivity strategy, namely: ‘Enterprise’, ‘Employment’, ‘Education’, and ‘Everywhere’. Perhaps the headline element of this announcement was the creation of twelve new investment zones across the UK as well as incentives for older workers to return to the country’s patchy workforce.

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Spring Budget 2023: Government to focus on mental health and musculoskeletal issues at work

Employee Benefits

Spring Budget 2023: In addition to introducing support for disabled people and those unable to work due to long-term sickness absence, Chancellor of the Exchequer Jeremy Hunt has pledged government support for those forced to leave work due to mental health and musculoskeletal issues. In his Budget statement today (15 March 2023), Hunt said: “We also want help for those who are forced to leave work due to health conditions such as back pain or a mental health issue.

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Unleashing AI in Recruitment: The Ultimate Guide

Discover the power of AI in recruitment with Paycor’s complete guide. Learn how to streamline your hiring process, increase interview pipeline, uncover candidates other tools miss, and save time. Get ready to revolutionize your talent acquisition strategy today!

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Upskilling gives immigrant workers a chance to restart their careers

Employee Benefit News

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Spring Budget 2023: Scheme launches to help disabled people to access work and support

Employee Benefits

Spring Budget 2023: Chancellor of the Exchequer Jeremy Hunt has introduced a government white paper on disability workplace reform, as part of an aim to address the two million people who are economically inactive due to disability or long-term sickness. In his Spring Budget statement today (15 March 2023), Hunt noted that the number of disabled people in work had risen by two million since 2013.

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The future of HR tech, AI, & ChatGPT

TLNT

On episode 116 of The HR Famous Podcast , long-time HR leaders (and friends) Madeline Laurano, Jessica Lee, and Tim Sackett come together to discuss the future of HR technology, Chat GPT, and how you can utilize AI to be a better leader.

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Coverage of COVID-19 Vaccines and the End of the COVID-19 Emergency

McDermott Will & Emery Employee Benefits

Since the Biden administration announced its intention to end the COVID-19 National Emergency (NE) and the COVID-19 Public Health Emergency (PHE) on May 11, 2023, a topic of great debate has been the requirement and the coverage of COVID-19 vaccines. As of March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act has […] The post Coverage of COVID-19 Vaccines and the End of the COVID-19 Emergency appeared first on EMPLOYEE BENEFITS BLOG.

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How Can You Aggressively Manage Benefits Affordability?

Speaker: Alex Anderson - Total Rewards Strategist at Lockton Companies | Leo Tokar - President, People Solutions and Partner at Lockton Companies

Benefit cost increases regularly eclipse all other costs for organizations, yet bringing costs down is illusive. Now corporate priorities are swinging from solely a focus on talent to the need to actively manage benefit expenses, but no one wants to reduce benefits or ask employees to pay more. Join two total rewards experts, Alex Anderson and Leo Tokar, for an in-depth discussion on tactics to efficiently and effectively control and manage benefit cost.

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Why is hybrid working still something that keeps CPOs up at night?

LACE Partners

In our third ‘fireside chat video, Chris , Tim , Alice and Chris take some time to reflect on the second highest ranked ‘one big thing’ i.e. strategic issue that Chief People Officers (CPOs) are thinking that they would love to be able to fix if they could. Hybrid working was seen by the CPOs we interviewed as part of our ‘one big thing’ research last year and the team discuss whether that would still be a strong factor for consideration in to 2023 and what business

IT 87
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5 professionals share why they choose to work multiple jobs

Employee Benefit News

Finance 85
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How to Fill Out Form 944: Step-by-step Guide 

Patriot Software

All employers are responsible for reporting employee wage and tax information to the IRS. Many employers use Form 941 to report this information each quarter. But, some eligible small business owners use Form 944 to report wages and taxes annually instead. Are you one of them?

Taxes 79
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4 ways employers can attract and support neurodiverse talent

Employee Benefit News

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HR and Employee Healthcare Reform: Keys to Increasing Employee Wellness and Retention

Speaker: Mallory Herrin, CEO & Principal HR Consultant at HerrinHR

Your employees are your most valuable resource. If you want to retain employees and keep them happy, you want to make the incentives more valuable. With a full-stack employee experience, culture, health, wellness and benefits navigation solution, you can provide employees with the wellbeing support they need. The results? Employees who are happier, healthier, and more engaged, as well as a business that is thriving both internally and externally, every day.

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Recruitment Management process templates

Qandle

People working for you, are the real ones who are clinically responsible for the success of your organization. Hardly are there assets, more valuable than them. Therefore, building and developing your workforce must be a key priority if you plan to escalate up the success ladder really fast. You should be well aware that, hiring fresh and efficient employees in a company is as crucial as raising funding from angel investors.

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16 workplace fears, according to every generation

Employee Benefit News

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Rethinking Gender: How Benefit Plans, Sponsors and Trustees Can—And Must—Adapt

International Foundation of Employee Benefit Plans

How does the move toward greater diversity, equity and inclusion (DEI) impact benefits plans? It’s a game changer, but there are still hurdles that the group insurance industry needs to overcome. A panel at the International Foundation’s Canadian Health and Wellness Innovations […] The post <strong>Rethinking Gender: How Benefit Plans, Sponsors and Trustees Can—And Must—Adapt</strong> appeared first on Word on Benefits.

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How this small business CEO created an award-winning culture

Employee Benefit News

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The 5 Types of Hourly Workers: An HR Guide to Recruiting and Retention

All hourly workers want similar things, but when it comes to recruiting & retention, it helps to understand personal motivations. Download Paycor’s guide to learn how to find & keep the 5 types of hourly workers.

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What is internal marketing, and how can it benefit your business?

PeopleKeep

Unlike external marketing that's focused on the rest of the world, internal marketing is geared specifically toward your own employees. Internal marketing promotes a company's mission, vision, goals, and culture through all employee ranks. When done correctly, internal marketing can create meaningful connections between your employees and your brand, improve engagement, and boost morale.

Health 74
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Your employees are posting on TikTok. What does that mean for your business?

Employee Benefit News

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Spring Budget 2023: Tax-free pensions allowance up by 50%

Employee Benefits

Spring Budget 2023: In his Budget address to the House of Commons today (15 March 2023), Chancellor of the Exchequer Jeremy Hunt addressed the issue of unpredictable pension tax charges causing employees to leave work, particularly within the NHS. The government has therefore increased the pensions annual tax free allowance by 50%, from £40,000 to £60,000.

Pension 65
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Advantages & Disadvantages of Employee Referral Programs

Hppy

In this post, we will share information about employee referral programs. Employee referrals are a popular and effective way to hire top talent for your organization. In fact, research shows that employee referrals are the most effective source of new hires, resulting in higher retention rates, faster time-to-hire, and lower recruitment costs. For example, did you know that 45% of referral hires stay longer than four years , compared to only 25% of job board hires?

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Cancel Quiet Quitting: Detoxing Corporate Culture & Engaging Top Talent

Speaker: Jennifer Brick, Career Strategist and Author

Your employees have checked out. The last few years have been a wild ride, with countless changes to how we work and our workplace cultures, like the sudden shift to remote work, the return to office, and trends like quiet quitting. With productivity, profitability, and your employer brand on the line, leadership is turning to HR to engage employees and recreate your culture in different working models.