Wed.Jan 25, 2023

article thumbnail

Why Mid-Sized Employers Should Look at Employee Benefits Captives

Griffin Benefits

As companies continue to rebound from the pandemic, ongoing challenges — including staffing shortages, unpredictable demand, and rising supply costs — have businesses on the hunt for any advantage. Evaluating funding strategies for medical benefits programs may be a good place to start. With employers offering richer benefits to employees as a recruitment and retention incentive, organizations are taking a hard look at the options available.

article thumbnail

APA’s Past, Present, Future—Bright, Brighter, Brightest Yet

PayrollOrg

Discover what makes Executive Director Dan Maddux a great leader and mentor and how he continues to be a positive influence in the lives and careers of the payroll professionals and staff he’s come across during his tenure with the APA.

Payroll 104
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The benefits offered by Wave

Employee Benefits

The benefits on offer at Wave: Pension A master trust pension scheme for all employees. Those aged 22 and over are auto enrolled, but it is open to all employees. Matching contribution levels: 3% employee contribution, 6% employer; 4% employee 8% employer; 5% employee and 10% employer. Employees can contribute as much as they wish as long as it does not take their take-home pay below the minimum wage.

Pension 105
article thumbnail

4 Surprising Financial Facts About Millennial and Gen Z Employees

Best Money Moves

4 surprising financial facts about millennial and gen Z employees. Your Millennial and gen Z employees are struggling with unique financial issues. Here are 4 things to know about the youngest members of your team. Millennial and Gen Z employees struggle with unique financial issues and are turning to employers for help. A recent, in-depth survey conducted by Prudential Financial found that many employees in the younger generations are seeking additional financial assistance in order to bring st

Banking 87
article thumbnail

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?

article thumbnail

Get the Report: The State of Employee Burnout

Employee Benefits

Over the last few years, employees have been hit with many stressors that are impacting both their personal and professional lives. Organisations around the world are experiencing unprecedented employee burnout, which negatively impacts retention and productivity. With burnout at record levels and in the midst of a cost of living crisis, it’s hard to know where to begin – but there are powerful strategies that lie within reach of every organisation.

More Trending

article thumbnail

Podcast: Wave designs a benefits proposition in response to employee need

Employee Benefits

Employee Benefits · Employee Benefits/Wave podcast Listen: A fairly young organisation, national water supplier Wave, has always ensured that employee wellbeing is weaved into the fabric of the business. Since its launch in 2017, the organisation has ensured that its benefits proposition offers staff a range of wellbeing support for any circumstance.

Retail 98
article thumbnail

5 Types of Employee Turnover and How to Manage Them

15Five

No one stays in the same job forever — that sounds more like an episode of Black Mirror than fulfilling employment! Change at work is inevitable, whether we choose to take a new opportunity, move to another city, raise children, or eventually retire. That’s turnover; the rate at which employees leave an organization, and are replaced by new people. Low turnover is generally considered desirable.

article thumbnail

Paul Ball: Proposal to change holiday pay calculations begins

Employee Benefits

Since the introduction of rights to paid annual leave under the Working Time Regulations 1998 (WTR), the number of workers who have irregular hours or are on term-time contracts has increased to more than 5.3 million. The WTR guarantee all workers at least 5.6 weeks of paid holiday per year. However, in July 2022, the case of Harpur Trust v Brazel the Supreme Court ruled that under the WTR, part-year workers are entitled to a larger holiday entitlement than part-time staff who work the same tota

article thumbnail

3 Top Reasons for Employee Resignation & How Companies Can Help

Best Money Moves

3 top reasons for employee resignation & how companies can help. Dissatisfaction at the office is leading to higher amounts of employee resignation. Here’s what your company can do to help. The U.S. labor force continues to be affected by the Great Resignation. According to Bank of America’s 2022 report, there are three leading reasons behind recent employee exodus: compensation, burnout and work-life balance.

Finance 75
article thumbnail

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.

article thumbnail

Hustle Culture Is Not What Gen Z Believes, and We Completely Agree

HR Digest

We thought it would be good to take some time out of our day to write about something that is not going to go unnoticed. The fact of the matter is, we have heard from so many different sources about hustle culture, and Gen Z does not believe in it. And we completely agree. Hustle culture has become such a buzzword in the media, and for some reason: it’s an excellent way to get your name out there and make connections, but it’s also a way to push yourself beyond your limits, work yo

Media 72
article thumbnail

RSA Insurance introduces carer leave policy

Employee Benefits

Insurance firm RSA Insurance has launched a leave policy for carers as of this month, in order to support employees who have caring responsibilities for disabled dependants. The policy enables those with significant caring responsibilities to take an additional five days of paid leave each calendar year, on top of their usual allocation of 29 days. According to RSA Insurance, the initiative was introduced to recognise that annual leave is essential for everyone, and can be used to rest and recha

article thumbnail

How to Increase Employee Engagement With Events?

Hppy

Employee engagement is a hot topic these days. As the economy improves and companies are finally starting to hire again, they’re finding that they have more work than they can handle. With this new influx of workers comes new challenges: how do you keep people happy and motivated? It turns out that one answer might be as simple as organizing an event!

Food 72
article thumbnail

How Reward Gateway transformed the Employee Discounts Experience for Transport for London (TfL)

Employee Benefits

Transport for London (TfL) is the integrated transport authority responsible for meeting the mayor’s strategy and commitments on transport in London, and employs a workforce of more than 26,000. The company needed to provide discounts to meet the needs of a wide-ranging workforce demographic to strengthen the company’s overall EVP and extend employees’ income.

article thumbnail

Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

article thumbnail

The business case for the retrofit of existing buildings keeps getting stronger

Workplace Insight

The news last year that the M&S flagship Orchard House store on Oxford Street in London was to be demolished to make way for a new mixed-use development of shops, offices, restaurants and a gym sparked a very British sort of debate about the pros and cons of retrofit and refurbishment. This is M&S after all. It may not be the cultural touchstone it once was but it remains an institution.

article thumbnail

Amazon warehouse staff strike over pay in UK first

Employee Benefits

Hundreds of Amazon employees working in a fulfilment centre based in Coventry have commence strike action today (Wednesday 25 January) due to a pay dispute with their employer. This is the first strike by Amazon employees to take place in the UK. The vast majority (98%) of those balloted last month voted to strike over a 50 pence per hour pay offer, which they said fails to match the rising cost of living.

article thumbnail

The Latest HR Trends for 2023

Higginbotham

First came #MeToo; then came the COVID-19 pandemic and the Great Resignation. What’s next? Here’s a look at the latest HR trends that should be on your radar in 2023. Wage Increases and New Pay Transparency Laws In 2023, many key HR trends will involve pay and pay transparency. Many workers received a legally-mandated raise on January 1. According to the Economic Policy Institute, 23 states and the District of Columbia increased their minimum wage at the start of 2023, with approximately 8.4 mil

article thumbnail

PRS for Music reports 14.5% mean gender pay gap

Employee Benefits

Image credit: Andi Smallwood Music copyright collective PRS for Music has published its second gender and ethnicity pay gap report, revealing that its mean gender pay gap for 2022 was 14.5%. This narrowed from 10.6% in 2021, while its median gender pay gap for 2022 was 20.3%, having narrowed from 25.3% the previous year. PRS for Music also reported a mean gender bonus gap of 70.4% for 2022, an increase from 29.8% in 2021, and a median gender bonus gap of 49.8%, which rose from 45.8% the prior ye

Bonuses 59
article thumbnail

Employer Insights Report 2024: The State of Cancer

96% of benefits leaders agree: detecting cancer early is the best way to get ahead of rising costs and improve employee health outcomes. So why is it that 82% of employers currently spend significantly more on post-diagnosis care and disease management rather than upstream care? A new survey of 250 benefits leaders who oversee 500 to 50,000 covered lives highlights their perspective on cancer and its burden.

article thumbnail

A Fresh New Look: SECURE Act 2.0

Patriot Software

The SECURE Act of 2019 gave employers new incentives to offer retirement plans. Now, the SECURE Act 2.0 promises to deliver even more. Passed by Congress at the end of 2022, the SECURE Act 2.0 is a new and improved version of the previous bill. So, what’s inside the new bill?

article thumbnail

Amazon Unveils Prescription Subscription Service RxPass

BerniePortal

Amazon has made steady moves in the healthcare industry over the past few years. They have dipped their toes into telemedicine, virtual care, and prescription delivery services. Its newest solution seeks to improve its brand by providing a subscription-based service that will reduce customer costs. Read on to learn everything you need about Amazon's new prescription subscription service, RxPass.

article thumbnail

Cost of living driving employees to seek new jobs or more help from employers

Workplace Insight

A large majority (84 percent) of employees are experiencing stress and anxiety due to the cost-of-living crisis, yet two-thirds of employers aren’t offering any financial or emotional support. This is the key claim in a new report from Workhuman which suggests that employees across the UK are struggling with the ongoing cost-of-living crisis, with 62.5 percent considering leaving their current job if their employer doesn’t recognise their financial struggles or does nothing to support them.

article thumbnail

How Far Back Should a Resume Go?

BetterUp

Jump to section Should you list all your jobs on a resume? How far back should a resume go? Tips to help you stand out Showcasing your skills Does the prospect of writing a resume make you anxious? You’re not alone. With American stress levels reaching new highs and the Great Resignation shaking up the labor force, job search depression is more common than ever.

IT 52
article thumbnail

Bridging the Gap: The Intersection of DEI Initiatives and Employee Benefits

Speaker: Jaye Johnson, CBP

Unlock the secrets to transforming your organization’s employee benefits into a strategic tool for Diversity, Equity, and Inclusion (DEI). During this informative session, we will discuss common pitfalls in traditional benefits and then delve into the essence of DEI in employee-centric benefit offerings. This involves not only defining DEI in the workplace but also understanding the pivotal role that employee benefits play in fostering a diverse and inclusive environment.

article thumbnail

Firms failing to embed net zero into operations

Workplace Insight

A survey [registration] of 300 managers at organisations in industrial sectors across the U.K., U.S. and Germany by ESG consulting firm Sphera , claims that while 85 percent of companies now have net zero strategies, the majority are failing to incorporate them into daily business operations. Only 41 percent of operations managers have seen sustainability strategies produce significant changes in daily practices, and 32 percent say their firms do not align with science-based emissions targets.

article thumbnail

How to improve employee engagement: six strategies that really work

cipHR

From better communication to investing in health and wellbeing, here are six strategies to improve employee engagement and boost productivity Low employee engagement remains a persistent problem for organisations of all sizes around the world: in 2022, a global Gallup study found that just 21% of employees are ‘engaged’ at work – defined by the research company as being “highly involved in and enthusiastic about their work and workplace”.

article thumbnail

Workplace investigation questions to ask each party

Business Management Daily

As an employer, you have a responsibility to maintain a safe work environment for your employees. Unfortunately, even when you have a great team and strong anti-harassment and discrimination company policies in place, you will likely receive complaints from time to time. When you receive sexual harassment complaints or other allegations of wrongdoing in the workplace, it is important to conduct prompt and thorough investigations.

article thumbnail

Half of tech workers bracing themselves for layoffs, but fears may be unfounded

Workplace Insight

Tech workers are pre-empting layoffs in 2023 and taking steps to protect their careers, according to a new poll from CWJobs. The survey – carried out among 2,000 UK tech workers – revealed more than half (53 percent) are pre-emptively applying for new jobs in case of redundancies at their firm. The research suggests that London tech workers feel at most risk, with nearly two thirds (63 percent) pre-emptively applying for a new job in case of layoffs – the highest out of any region.

article thumbnail

The Employer’s Guide to Early Cancer Detection

A comprehensive early detection strategy for cancer is no longer a nice-to-have for employers; it’s a must. The reality is 1 in 2 women and 1 in 3 men will be diagnosed with cancer at some point in their lives, and the physical, emotional, and financial impact on both employees and employers is great. To help improve your employees’ health outcomes and reduce cancer-related costs, download The Employer’s Guide to Early Detection.