Wed.Dec 07, 2022

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Top payroll documents employers need

PeopleKeep

As an employer or human resources professional, you must know the proper documents, forms, and rules for payroll and taxes. Required payroll documentation includes payroll records and the supporting information your organization uses to determine wages and hours worked. Without proper documentation, your organization could violate state and federal laws, resulting in hefty penalties.

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RMDs: The Mandatory “Flipped Switch”

Money Talk

In my book, Flipping a Switch , I refer to required minimum distributions (RMDs) as “the mandatory flipped switch” (i.e., transition). This is because, unlike many other decisions in later life that involve choices, there is no choice about RMDs. They must begin starting at age 72, unless taxpayers want to pay a hefty 50% tax penalty. In conversations with older adults at classes that I teach, many tell me that RMDs are affecting their income taxes in a big way.

401(k) 182
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J Murphy and Sons tailors fertility support to individuals

Employee Benefits

Civil engineering business J Murphy and Sons, which has 3,600 employees across the UK, Ireland and Canada, recognises that when it comes to providing support for fertility issues, circumstances can be very diverse, therefore, assistance cannot be offered on a one-size-fits-all basis. As a starting point, the organisation offers five days’ paid leave to undergo treatment, with ongoing mental and physical health support where appropriate, and flexible working arrangements if needed, which ar

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Employer branding strategies to attract top talent

Business Management Daily

Companies often invest a great deal of time and money in creating a corporate brand. This public image helps the organization attract customers by carving out a niche within the crowded global marketplace. Consumers develop impressions of not only what the business brings to the table in terms of products and services, but also company values and mission.

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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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Bonnier Books UK encourages conversations around fertility issues

Employee Benefits

Publishing house Bonnier Books UK, which employs more than 300 members of staff in the UK, recognises the importance of opening up conversations and raising awareness of women’s health topics, such as fertility, menopause and pregnancy loss. The organisation has partnered with pregnancy charity Tommy’s to access training and resources in order to have the right and relevant conversations with staff and acknowledges that fertility and other women’s health issues can impact other workers too.

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72% think more recognition would improve workplace wellbeing

Employee Benefits

Close to three-quarters (72%) of employees said their workplace wellbeing would improve if they were thanked and recognised more frequently for their hard work, according to research by Reward Gateway. The 2023 employee engagement trends report spoke to 1,015 employees and 250 HR managers in the UK. It found that 32% rated the physical wellbeing support received from their employer as good or excellent, with 39% and 28% saying the same about the mental and financial assistance they received,

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Over half of offices not set up to optimise creativity and productivity

Workplace Insight

A study from Unispace claims that the majority of workplaces are not set up to enable staff to work to their best ability. The results of the poll of 3,000 office workers and 2,750 employers across Europe, found that despite 78 percent of businesses stating that their office has been set up to enable staff to be creative and productive, over half (52 percent) of employers noted that creativity and innovation among their employees increased while work from home guidance was in place.

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Three ways to prevent burnout and encourage work-life balance

Employee Benefits

As an employer, a culture that neglects a healthy work-life balance can impact productivity, revenue, and even reputation. That’s why it’s important to build a healthy working environment–ensuring safe conditions throughout. As part of a Health Shield health cash plan, we offer an Employee Assistance Programme so that employees who may be experiencing difficulties that impact their mental wellbeing have support they can easily access.

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8 Tips on How to Write a Professional Email (With Examples)

BetterUp

Jump to section. Why is it important to know how to write a professional email? Why is it important to know how to write a professional email? Get email etiquette right for each work situation. Time to hit send.

IT 98
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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.

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15 Drivers Of Employee Engagement You Need To Know in 2022

Vantage Circle

Employee engagement is at the core of every organization. An organization's success depends heavily on its employees' degree of engagement. An engaged workforce is often a satisfied workforce. But what is it that drives employee engagement? Schaufeli et al (2002) define engagement as " a positive, fulfilling, work-related state of mind characterized by vigor, dedication, and absorption." Hewitt Associates (2004) developed an 18-item scale to measure employee engagement.

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Purpose of the Emotion Anger: How Anger Can Actually Be Helpful

BetterUp

Jump to section. What is anger? How anger can be helpful. The right way to express anger. Putting out the fire. Understanding anger for the future.

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RxDC Reporting Will Bring Changes. Here’s What to Know Now

International Foundation of Employee Benefit Plans

Late last year, Congress passed the Consolidated Appropriations Act, 2021 (CAA), which contained a provision requiring health care plans to submit Prescription Drug Data Collection (RxDC) reports to CMS. RxDC. Read more > The post <a><strong>RxDC Reporting Will Bring Changes. Here’s What to Know Now</strong></a> appeared first on Word on Benefits.

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What is the employee life cycle?

PeopleKeep

As an employer, you’ll inevitably see employees come and go through your organization. That’s why it’s vital to consistently evaluate and improve your employee life cycle process to create a successful and efficient workforce and business. The employee life cycle represents the many stages a worker moves through at your organization, from the day they learn about your company to the day they terminate their employment.

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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.

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What’s Your Payroll Tax Deposit Schedule? If You’re Not Sure, Read This

Patriot Software

When you have employees, your responsibility isn’t just to pay them. You also need to pay the IRS their share, too. How often you pay the IRS depends on your payroll tax deposit schedule. But, not all employers follow the same schedule. Your schedule, and thus payroll tax deposit due dates, depends on the type […] READ MORE.

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Weber Shandwick introduces work-from-anywhere policy

Employee Benefits

Credit: JHVEPhoto / Shutterstock.com. Global communications agency Weber Shandwick has launched a mobility programme that enables employees to move to a different office temporarily or permanently within its Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC) regions. Through the ‘Access All Areas’ programme, staff have the opportunity to work in a different office around the network for up to two weeks to get to know a new city, work flexibly from a location of their choice for up to

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Employment Laws in Nigeria

Global People Strategist

Nigeria has proven to be a leader in African business, drawing global companies enticed by its potential. However, any organization looking to take advantage must be prepared – creating and adhering to employment contracts that abide by employment laws in Nigeria is crucial for successful expansion into this highly desirable hub. Employment Laws Dictating the Nigeria Labor Landscape.

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Zopa Bank increases minimum salary to £27,000

Employee Benefits

London-headquartered Zopa Bank has raised the minimum salary for its more than 600-strong workforce by more than 20% as a response to the cost-of-living crisis. The bank raised its base salary to a minimum of £27,000, 25% above the London living wage. It has also provided an additional winter bonus of £500 for all employees on salaries below £50,000.

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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.

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Staffing Dilemma for Service Contract Act and Davis-Bacon Act Contractors

AssuredPartners

Recruiting and retaining quality employees is an increasing problem for most companies. Historically high inflation and low unemployment rates create a labor shortage for many industries. This environment favors employees allowing them to demand more from their total compensation package before accepting a job. The Service Contract Act and Davis-Bacon Act require compliance with area wage determinations that set minimum wages, employee (fringe) benefits, vacations, sick leave, etc., but contract

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The Ultimate Guide to HR Tech in the Insurance Industry

Darwinbox

The insurance industry is in the midst of a significant transformation, on the path to explosive growth over the next few years. This article discusses the insurance industry landscape, and how HR technology can accelerate the efficiency and growth of insurance companies.

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ShareForce’s Compliance with SOC 2

Shareforce

We take data security seriously at ShareForce. As a trusted Software as a Service (SaaS) provider for incentive plan management, we continuously aim to meet and exceed industry standards and client expectations for security controls. And today, we’re excited to announce that ShareForce is now compliant with the SOC 2 Type II standard for security, availability, and confidentiality.

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Workers’ Compensation Premium Rates: How does your jurisdiction compare?

Workers' Compensation Perspectives

Comparing system features and worker outcomes in workers’ compensation is an attractive concept. Theoretically, the existence of credible, authoritative analytics measuring comparable data across jurisdictions can lead to improvements over time. Knowing where your workers’ compensation ranks in terms of costs, benefits and outcomes is essential to any benchmarking exercise.

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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.

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How to Encourage Employee Healthcare Comparison Shopping

CorpStrat

It’s a tough time for a lot of people out there: inflation is driving up the cost of everything from food to gas and your employees are feeling the sting. But even if this is the case, most Americans don’t realize they can comparison shop to make sure they’re getting the best price for their healthcare services. A survey from AKASA, a healthcare artificial intelligence company, revealed that nearly two-thirds (64%) of Americans have never tried to find the price of a specific healthcare se

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It’s Always a Good Time to Check Withholding

Kollath CPA

Are you having the right amount of taxes withheld from your paycheck? You should check at least once a year, or even more frequently if you’ve had a major life change. Right now, in the aftermath of a pandemic that upended many taxpayers’ financial situations, is a good time to check and to make changes to your Form W-4, if necessary. In general, the IRS advises taxpayers to make changes if they hold more than one job at a time or have income from sources not subject to withholding.

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Continuous Improvement: 6 Stages to Follow and Why It's Important

BetterUp

Human transformation hinges on the idea that we can better ourselves and our organizations. So when it comes to continuous improvement, it’s an investment in reaching our full potential. This journey isn’t a one-size-fits-all when it comes to implementing improvement strategies or improvement techniques. It’s a deliberate process that requires observation, analysis, planning, and action.

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Payroll Calendar: Biweekly Pay Periods in 2023

BerniePortal

As HR shifts focus toward the new year, it is crucial to prepare for important dates and compliance requirements. Similar to last year, 2023 will have the usual 26 pay periods for those being paid biweekly. That said, there are some employees who are paid on a monthly basis receiving only 12 paychecks a year, some receive 24 semi-monthly, while others are paid weekly receiving up to 52 paychecks in a given year.

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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.