Cost-Effective Employee Benefits: How to get more for less
Sodexo Engage
JANUARY 19, 2023
Summary:
HR Digest
JANUARY 19, 2023
What you realize is that it isn’t always the big, new, shiny initiatives that make the biggest difference. People want to be treated with respect, they want to feel included as part of the team, and they want to have opportunities to learn and succeed. The HR Digest: “At McDonald’s, we believe that serving up a best-in-class customer experience starts first with ensuring an exceptional employee experience.
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Employee Benefits
JANUARY 19, 2023
Expecting a baby and planning maternity or parental leave is an exciting time, but it is also important to consider the financial impact that a new arrival can bring. As the cost of living crisis continues, it is now more important than ever that new parents understand how their finances will be affected and what actions they can take. WEALTH at work, a leading financial wellbeing and retirement specialist, highlights some top tips to help new parents stay in control of their finances: 1.
HR Digest
JANUARY 19, 2023
Being an inspiring leader means understanding what it takes for your colleagues to be a daughter or a son, a sister or a brother, a spouse or a companion, and so much more outside of work, as well as their professional métier. The HR Digest: You have stated several times that “leaders should connect with employees personally, even if it means sacrificing the company’s productivity time.” Why do you believe this is important as a CHRO?
Advertiser: Paycor
These calendars provide pay period dates and paydays for biweekly, semi-monthly, and monthly payroll in 2024. Use them as a reminder or share with employees so they can celebrate payday.
Employee Benefits
JANUARY 19, 2023
Credit: Serge Cornu / Shutterstock.com Tesco Bank has given more than 3,400 members of staff a £1,250 pay increase in order to help them with the rising cost of living. According to the bank, more than 90% of its workforce, namely those likely to be feeling the greatest impact from current financial challenges , are eligible for the increase on a full-time equivalent basis, effective as of this month.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
Employee Benefits
JANUARY 19, 2023
As we enter into the new year, companies across the country may be considering new ways to support their staff. Financial pressures have impacted both individuals and businesses over the past year as we all try to cope with rising prices – from energy to food to fuel. As a result of money stress, employees say they are less productive, spend more time managing their finances at work and take more sick days, according to Claro Wellbeing’s Workplace Today report.
International Foundation of Employee Benefit Plans
JANUARY 19, 2023
I wrote a blog about quiet quitting back in August, so my ears perked up when I read about MORE quiet workplace trends: quiet promotion, quiet hiring and quiet firing. Read more > The post <strong>Quiet Promotion, Quiet Hiring, Quiet Firing: More Workplace Trends</strong> appeared first on Word on Benefits.
Vantage Circle
JANUARY 19, 2023
When it comes to sales incentive programs the first thought in your mind is monetary incentives. However, that is not all there is to incentive programs. Let’s find out more about sales incentive programs and how to design and implement them to benefit your organization. What Is A Sales Incentive Program? Sales incentive programs are systems developed by businesses to compensate salespersons for achieving certain specific goals.
Florida Workers' Comp
JANUARY 19, 2023
I have posted on the proposals pending before the Florida Supreme Court for reform of the civil practice in Florida. They are lengthy and involved. With a great deal of perseverance and patience, they are worthy of attention and study. As mentioned in Civil Rules Reform (January 2023), one of the main focus points highlighted in the news is sanctions, "tough sanctions.
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Treating your workforce as the organization’s top priority improves customer satisfaction and revenue growth and can boost job satisfaction and productivity. Read about five trends that are helping organizations around the country improve their people’s career well-being.
LACE Partners
JANUARY 19, 2023
In part one of our series about ‘The Productivity Silver Bullet’, published last week , we defined what the silver bullet is and backed up the idea that it is one of those rare times when an apparent “magical” solution can be found to a lingering problem. Evidence supports the argument that productivity can be increased through home and hybrid working.
HR Digest
JANUARY 19, 2023
Effective onboarding increases employee engagement by more than 20%, so we are reinvigorating the experience to make it easier and create a greater sense of community and belonging among new hires. The HR Digest: Can you tell our readers about ERGs (employee resource groups) at BoA and how they promote change within the company in practical terms? Sheri B.
LACE Partners
JANUARY 19, 2023
Why are one-to-ones important? There are three components to an effective one-to-one; the frequency of the meetings, the breadth of content covered in the meetings and the effectiveness of the conversations. Chris and Debbie Mitchell speak to Anna Rasmussen , CEO and founder of OpenBlend. Anna explains how OpenBlend can help support people managers.
McDermott Will & Emery Employee Benefits
JANUARY 19, 2023
On January 5, 2023, the Federal Trade Commission (FTC) issued a proposed rule that would prohibit employers from using noncompete agreements with their employees or independent contractors. This proposal arises from a preliminary finding by the FTC that noncompetes constitute an unfair method of competition in violation of Section 5 of the Federal Trade Commission Act (FTC […] The post FTC Proposes Rule Banning Noncompete Agreements appeared first on EMPLOYEE BENEFITS BLOG.
Advertiser: Paycor
On August 30, 2023, the DOL unveiled a proposed overtime rule that would raise the weekly salary threshold under the Federal Labor Standards Act. Paycor is closely monitoring the proposal and will provide updates as new information becomes available.
HR Digest
JANUARY 19, 2023
At Hyatt, everything we do is grounded in listening and data, and is fueled by care. The HR Digest: Hyatt was featured in the “People’s Companies that Care” list for the fourth consecutive year. What were the difficulties you faced during your journey? Malaika Myers: Our industry has evolved and experienced rapid change over the last few years and I’m incredibly proud of the way Hyatt has successfully adapted to this dynamic environment.
Employee Benefits
JANUARY 19, 2023
Credit: Sirapob Horien / Shutterstock.com The University of Leicester has received an Employer with Heart charter mark as a result of its support for staff who are parents of premature babies and those requiring neonatal care. The charity The Smallest Things implemented the accreditation in order to reward employers that go above and beyond the statutory requirements outlined in the Neonatal (Leave and Pay) Bill to support parents through neonatal care.
HR Digest
JANUARY 19, 2023
Are you ready for a pay raise? It looks like it’s raining raises in corporate Japan as more and more companies are announce a pay increase as a response to the call from Japan’s Prime Minister for companies to help employees struggling with rising inflation costs. Fast Retailing, the parent company of Japanese fashion chain Uniqlo has announced that it will be raising the pay of its full-time employees in Japan by up to 40%.
Employee Benefits
JANUARY 19, 2023
Australian employer National Roads and Motorists’ Association (NRMA) Group has agreed to pay superannuation on the unpaid portion of parental leave as part of its aim to close the gender pay gap for females. The superannuation payment, a type of pension plan in Australia, will increase by an average of $5,600 (£3,125) as of this month, based on last year’s parental leave figures across the business.
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New approvals for weight loss drugs, gene therapies, and biosimilars are on the minds of employers. However, 48% of employers still need a strategy to manage their use and costs. Find out how other organizations are preparing their specialty drug benefits for the future.
HR Digest
JANUARY 19, 2023
At Genentech, we encourage casual, consistent year-round conversations between managers and employees guided by a framework we call the 4Cs: Career, Capability, Connection, and Contribution. The HR Digest: How does Genentech provide employees with the growth opportunities they seek and create a happy and productive workplace for them? Cori Davis: As a healthcare company, the health and well-being of our employees is a top priority for Genentech.
Employee Benefits
JANUARY 19, 2023
In 2022 everyone was talking about “ quiet quitting ” which was the latest work-related phenomenon that described the moment when workers avoided doing the above and beyond. Rather, workers were just doing enough work to keep on top, then closing their laptop and muting Slack to later post about their day on social media platforms such as TikTok. Yet, “quiet quitting” is so last year.
HR Digest
JANUARY 19, 2023
It’s that purpose that drives CHROs to overcome and navigate challenges, and never give up until a solution is found. Just like every other business imperative, this is the cost of doing business, and doing it the right way. The HR Digest: Looking at the impact of Covid-19 on Synchrony, what positive changes are here to stay? DJ Casto: For many companies, work will never look the same, and we believe that is a good thing.
Employee Benefits
JANUARY 19, 2023
Global media business Forbes has promoted Ali Intres (pictured) to the position of chief human resources officer , reporting to chief executive officer Mike Federle. Intres will lead the firm’s HR organisation globally , encompassing recruitment, training and development, benefits administration, HR systems, culture and inclusion, and more. She joined Forbes as senior vice president of human resources and talent management in 2020.
Advertiser: Paycor
When it comes to benefits, communication is critical. To help you easily explain your offerings at open enrollment, Paycor has created an open enrollment sample letter (with a few tips). Download this free Employee Open Enrollment Letter Template today!
HR Digest
JANUARY 19, 2023
Today, creating a sense of purpose is more critical than ever, and we provide employees the means to be successful and feel valued through empowerment, development, feedback, and our strong culture. The HR Digest: What is the one lesson you learned in your journey as a CHRO? Tim Richmond: One lesson I’ve learned, as simple as it sounds, would be to find a job at a great company.
WEX Inc.
JANUARY 19, 2023
If you rely on the honor system for your company’s benefits enrollment , you could be picking up the tab for ex-spouses, adult children, or others who are not eligible to be covered. On average, we’ve found that 3-5% of the dependents on an employer's plan are deemed ineligible. A dependent eligibility audit can help you uncover any existing ineligible members.
HR Digest
JANUARY 19, 2023
Leaders have so much to balance and to get done, but I believe strength comes in recognizing not just what you’re trying to accomplish but also the importance in how you accomplish it. The HR Digest: Workiva was recognized as one of the “Bes t Workplaces in Technology 2022”. What according to you led to this achievement and how did you motivate your employees to do so?
AssuredPartners
JANUARY 19, 2023
ORLANDO, FL – January 20, 2023 – AssuredPartners is proud to announce that effective January 1 st , Kory Hitchens has been named Agency President of the AssuredPartners Newark, Delaware location, formerly known as BHI. Kory has been with the agency since 2009 as an Insurance Advisor. For the last six years, his primary focus has been overseeing the sales team and building custom insurance programs with specializing in construction, manufacturing, and wholesale operations.
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Retention reigns as the top organizational priority for U.S. companies in 2023. Discover strategies to help keep your people happy without sacrificing the bottom line in Gallagher’s Organizational Wellbeing Report.
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