Employee Benefit News

MARCH 15, 2023

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PTO Employee Benefits 86

Money Talk

MARCH 15, 2023

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.

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PayrollOrg

MARCH 15, 2023

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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Employee Benefits

MARCH 15, 2023

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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Employment Paid Leave Work From Home Government 119

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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.

Management

Benefit Resource Inc.

MARCH 15, 2023

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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BetterUp

MARCH 15, 2023

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.

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IT 98

Employee Benefits

MARCH 15, 2023

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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Government Employee Benefits Employment Taxes 105

PeopleKeep

MARCH 15, 2023

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.

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Employee Benefits

MARCH 15, 2023

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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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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LACE Partners

MARCH 15, 2023

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

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IT 87

Employee Benefits

MARCH 15, 2023

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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Patriot Software

MARCH 15, 2023

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?

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Taxes Employment Payroll 75

International Foundation of Employee Benefit Plans

MARCH 15, 2023

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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Insurance Education Employee Benefits 73

Advertiser: Paycor

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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HR Digest

MARCH 15, 2023

Are you tired of the daily commute to your office? Well, you’re not alone! According to a recent report by Executive Networks, many employees worldwide are questioning the value of going to their physical workspace. With companies scrambling to adapt to pandemic-era policies, it seems that employees are feeling a bit neglected. Shockingly, only 28% of knowledge workers surveyed felt that their employer was making it worthwhile to come into the office.

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Employee Benefits

MARCH 15, 2023

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.

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Pension Taxes Government Bonuses 64

Hppy

MARCH 15, 2023

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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Employee Benefits

MARCH 15, 2023

Glasgow business Black Pearl Pub has been ordered to pay a former employee more than £1,700 after an employment tribunal ruled she had been unfairly dismissed. The employee, known as B Storrie, had worked at the bar The Montford for more than a year but never received a contract outlining her hours of work, shift pattern, sick pay or holiday entitlement.

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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?

Utilities

Hppy

MARCH 15, 2023

Payroll problems can be a thorn in the side of any business, so it’s important to have a plan of action in place to either avoid them entirely, or remedy them as and when they arise. Of course if you don’t know what can go wrong, you won’t be equipped to fix uncommon complications in this context, so here are some examples of irregularities and unfortunate circumstances to have on your radar.

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Employee Benefits

MARCH 15, 2023

Amazon Middle East and North Africa (MENA) has introduced an enhanced paid parental leave policy for employees across United Arab Emirates, Saudi Arabia, Egypt and Jordan who have become new parents, regardless of gender. The policy offers both parents with one year of service up to six weeks’ paid leave within the first year following the birth of a child.

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Parental Leave Paid Leave Retail Employee Benefits 59

Hppy

MARCH 15, 2023

Maslow’s hierarchy of needs implies that the highest level of human fulfillment is self-actualization, or reaching one’s full potential. This principle is quite evident in today’s workplace. When employees feel valued, they show deeper interest in their jobs that goes beyond just getting a paycheck. However, when they don’t, they start to look elsewhere and may start a trend known as ‘loud quitting.’ Image source What is loud quitting?

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Salary Human Resources Work From Home Employee Recognition 66

Employee Benefits

MARCH 15, 2023

Credit: Ken Wolter / Shutterstock.com Food and drink business Nestle UK has reported that its 2022 mean hourly gender pay gap was 4% in favour of women. Meanwhile, its 2022 median hourly gender pay gap was 2% in favour of men. Its top and bottom quartiles are made up of 38% of women and 62% of men. It has a slightly higher proportion of women than men in offices and more men across its factory sites.

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Manufacturing Bonuses Food Employee Benefits 59

Advertiser: Paycor

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

Management

Global People Strategist

MARCH 15, 2023

The Fair Work Act (FW Act) governs Australia’s workplace relations system, providing a framework for fair and productive employment conditions. In this blog post, we’ll explore some aspects of the act and its implications for employees and businesses. Key Aspects of the Fair Work Act Navigating the ever-evolving landscape of workplace legislation can be challenging, but staying informed is essential for employers and employees. 1.

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Employee Benefits

MARCH 15, 2023

Spring Budget 2023: Chancellor of the Exchequer Jeremy Hunt announced in his Budget statement today (15 March 2023) that government will abolish the lifetime allowance for pensions. The lifetime allowance previously had a £1 million limit, which Hunt said he had been called upon to increase as part of his economic measures. This was in addition to raising the tax-free allowance by 50% , and was introduced as a measure to stop NHS doctors in particular from being forced out of work due to pension

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Workplace Insight

MARCH 15, 2023

The circular economy, carbon measurement, product material content, rental, ‘take back’, reuse and recycling – all actions for a more environmentally responsible workplace sector. But what are the priorities? Manufacturers and suppliers are arguably challenged by lack of clarity, requirements for significant investment, combined with cost pressures in a heavily subscribed market.

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Manufacturing IT Finance Government 52

Employee Benefits

MARCH 15, 2023

Spring Budget 2023: The government has frozen fuel duty for another 12 months, according to Chancellor of the Exchequer Jeremy Hunt’s speech to the House of Commons today (15 March 2023). Hunt told the Commons that he would extend the 5p per litre cut in duty on petrol and diesel and freeze any further increases for the next year, to save the average driver £100 over the next year, and around £200 in total since the cut was introduced.

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Transportation Government Employee Benefits Taxes 59

Advertiser: Barley

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.

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