Thu.Feb 08, 2024

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The Cost of Convenience

Money Talk

A key factor that determines what people spend money on every day is convenience. Convenience generally saves time but can add to the cost of products and services because somebody did some work for you (e.g., marinating meat or fish or making kabobs). An estimated $751 billion is spent annually by Americans on convenience items according to a study by Finder, an online data aggregator.

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PayrollOrg Raises Regulation Z and EWA Concerns With CFPB

PayrollOrg

PAYO wrote to the Consumer Financial Protection Bureau (CFPB) about its concerns for the process under consideration of the Truth in Lending Act.

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They call it mellow yellow. Issue 19 of IN Magazine lands

Workplace Insight

The new issue of IN Magazine has been published online today. In this issue: we ask why firms are so reluctant to change what they do; a dream of the past and future of work; Andy Lake talks about his new, visionary book; how AI might make cities worse; what inclusive design means; a panel of experts discuss what changing work practices mean for major business districts; why we must rethink how we light our streets and squares; how to strike the right balance when it comes to creating meetings i

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13 Company Retreat Ideas to Re-energize Your Employees

Vantage Circle

Have you ever noticed a dip in your employees' enthusiasm? Are they slipping into the depths of unproductivity? Well, such a scenario requires your immediate attention. You must attempt to infuse vitality by breaking them free from rigorous routines. This is where the idea of a company retreat comes into the picture. It plays a significant role in rejuvenating your employees.

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Creating a Company Culture of Care: Integrating Mental Health, Wellbeing, and DEI in Benefits

Speaker: Sean Raible

Picture a workplace where physiological safety is not just an aim but a reality, driven by thoughtful employee benefits that prioritize mental health, wellbeing, and DEI. 🤔 ✨ Achieving this vision requires more than just occasional training sessions and employee assistance programs. Moving beyond the basics, this vision calls for a holistic approach that integrates these elements into your company culture as well as your HR and benefits strategy.

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How to Choose a Payroll Service for Your Small Business

Patriot Software

Payroll software makes paying employees a breeze by calculating federal, state, and local taxes. If you’ve decided you want to use software to run payroll, you can put away your calculator and income tax withholding tables (hooray!). But, do you know how to choose a payroll service?

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The Grand Jury Reports

Florida Workers' Comp

For over a year, the 22nd Statewide Grand Jury has been looking into the potential of "crimes and wrongdoing committed against Floridians related to the COVID-19 vaccine." There has been a nice post-COVID period in the last two years. We have seen the world come back together, with significant normalcy. Well, significant. I still see people wearing masks.

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New Approaches to Managing Health Care Costs, Improving Outcomes

InterWest Insurance Services

As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive. Some of the strategies require a proactive approach by engaging with their broker and insurer, and even local health care providers, efforts that may be hampered by location and how flexible insurers may be.

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This platform is helping employees send their kids to college

Employee Benefit News

The CEO of Empowerly explains how helping employees navigate their children's college plans is critical to family-building benefits.

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Your PTO Playbook for Super Bowl Monday

International Foundation of Employee Benefit Plans

Whether it was the stellar halftime performance, a fourth-quarter Hail Mary, or the overload of chips and guacamole, employees may struggle to go the extra mile (or yard) on Super Bowl Monday. While Super Bowl Monday hasn’t quite reached national holiday status, […] The post Your PTO Playbook for Super Bowl Monday appeared first on Word on Benefits.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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Over 80% of employers plan on upgrading their leave policies, according to WTW

Employee Benefit News

WTW found that 84% of employers plan to change their leave policies in an effort to attract and retain their best talent.

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A complete guide to winning job offers

Insperity

A job offer is much more than a procedural formality — it lays the foundation for a successful and harmonious employer-employee relationship in the future. However, crafting an appealing job offer is an art that requires a nuanced understanding of the candidate’s needs and goals.It involves not only presenting a competitive salary but also showcasing your company’s employee value proposition.

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CEOs turn positive on US economy for first time in 2 years

Employee Benefit News

Leaders believe financial conditions will continue to improve, while they voiced concern over political unrest and international conflicts.

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When It Comes to Vesting, IRS Says Once a Long-Term, Part-Time Employee, Always a Long-Term, Part-Time Employee

McDermott Will & Emery Employee Benefits

Under the SECURE Act and the SECURE 2.0 Act, employers must provide long-term, part-time employees – i.e., employees who complete at least 500 hours of service in three consecutive years (reduced to two years in 2025) and are at least 21 years old – the opportunity to make elective deferrals under their 401(k) plans and, […] The post When It Comes to Vesting, IRS Says Once a Long-Term, Part-Time Employee, Always a Long-Term, Part-Time Employee appeared first on EMPLOYEE BENEFITS BLOG.

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6 Strategies to Navigate Social Determinants of Health for a Better Workplace

In today’s dynamic work landscape, where the lines between personal and professional life blur, understanding the intricate interplay between social determinants of health (SDoH) and emotional wellbeing is paramount. Employers must acknowledge that the whole person comes to work and every aspect of a person’s personal and professional life, especially their mental health, comes with them.

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Personalized AI training helps employees embrace new tech

Employee Benefit News

A customized learning plan keeps employees up to date with the right tech skills and helps combat fears their jobs will be replaced.

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8 Steps to Improve Employee Productivity in 2024

15Five

Knowing how to improve employee productivity is on every leader’s mind as organizations navigate return-to-office mandates, economic instability, and the impact of inflation. If you want to get the most out of your employees and support work efficiency, follow along for eight steps to improve productivity in the workplace. 1. Strategically align employee goals Align employee goals with business objectives to help your direct reports understand how their work fits into a more comprehensive framew

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How to Reset Your Life: 10 Ways

BetterUp

Jump to section What’s a life reset? Why should I reset my life?

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Imagination appoints new people and culture partner

Employee Benefits

Global experience design firm Imagination has appointed Laura Marotta UK people and culture partner as of this month. In line with Imagination’s people and culture strategy, Marotta will assume the overarching responsibility for people, including heading up the talent acquisition function in the UK. Reporting to chief people officer Philomena Gray and collaborating with UK managing director Richard Hannah, she will work closely with the senior leadership team to ensure a workplace environment wh

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HR Trends to Watch in 2024 + Plus Advice for Driving Impact!

The pressure is on to create a positive onboarding experience. Plus, a sub-par onboarding process can domino into other concerns such as low performance, burnout (for you and new hires), and retention challenges. Our 2024 State of HR report will give you a realistic picture of the HR landscape and tips to onboarding effectively in the year to come.

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Mastering AP Processing: Key Strategies to Build a Successful Team in Houston, Texas

Professionals Alternative

[link] Mastering AP Processing: Key Strategies to Build a Successful Team in Houston, Texas Introduction to AP Processing As businesses grow and expand, so does the need for efficient and effective accounts payable (AP) processing. AP processing plays a vital role in ensuring that invoices are accurately recorded, payments are made on time, and vendors are satisfied.

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One day left to enter Employee Benefits Awards 2024

Employee Benefits

HR, reward and benefits professionals who want to be in with a chance of winning at the Employee Benefits Awards 2024 have just one day left to enter. This is the final opportunity to enter and win recognition as the final deadline is tomorrow: Friday 9 February. Now in its 22nd year, the Employee Benefits Awards celebrates organisations, teams and individuals in the reward, benefits and HR community that have made a significant difference, and attracted, motivated and rewarded employees through

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COVID-19 Supplemental Benefits for Healthcare Workers Proposed in Legislation

Workers' Compensation

Legislation ( A3504 ) has been introduced to establish the Health Care Workers COVID-19 Supplemental Benefits Program in the Division of Workers' Compensation. PURPOSE This legislation aims to assist healthcare workers whose public service has rendered them particularly vulnerable to COVID-19 by alleviating long-term economic hardships due to COVID-19.

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Oliver Wyman enhances parental leave for India, Middle East and Africa staff

Employee Benefits

Global management consulting firm Oliver Wyman has extended its parental leave for employees across the India, Middle East and Africa (IMEA) region. New parents in its offices in the United Arab Emirates (UAE), Bahrain, Saudi Arabia, South Africa, Qatar and India are now eligible for six months of paid maternity leave and eight weeks of paid paternity leave.

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Improving Access To & Utilization Of Cancer Screening With Color

Discover how Color's comprehensive care solution is revolutionizing cancer screening adherence and knowledge. Through an in-depth case study, Color's unique approach to comprehensive cancer care has shown significant benefits in increasing screening rates and enhancing patient knowledge. Participants reported a 2-3x increase in adherence to screening guidelines over just 8 weeks, with 84% of participants increasing their familiarity with timing and frequency of cancer screening.

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Act Fast (If You Get the Letter)! IRS Pre-Examination Retirement Compliance Pilot Program is Extended

Proskauer's Employee Benefits & Executive Compensa

On February 7, 2024, the IRS announced the second phase of its Pre-Examination Retirement Compliance Program (we discussed phase one in our earlier post here ). Under this program, sponsors will be notified that their plan is selected for examination and will have 90 days to review and correct any plan document or operational errors, similar to the process for phase one.

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Santander UK reports 13.4% mean ethnicity pay gap

Employee Benefits

Banking organisation Santander UK has reported a 13.4% mean ethnicity pay gap for 2023, up 4.3 percentage points from 2022’s figure. The employer’s median ethnicity pay gap was 17.6%, up 9.6 percentage points from the previous year. Its mean ethnicity bonus gap was 35.6%, up 6.6 percentage points from 2022, and its median gap was 25.4%, down 0.4 percentage gaps from the previous year’s figure.

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Club Employés and Weavr partner to give people more choice and control over employee benefits

Workplace Insight

European employee benefits platform, Club Employés, has partnered with embedded finance specialists, Weavr, to power a debit card solution for employee benefits, which gives employees the power to pick the perks they prefer. By expanding access to relevant benefits through the capabilities of embedded finance, employees are more likely to engage with the benefits provided by their employers.

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Employee Benefits Live: 8-9 October 2024, ExCel London

Employee Benefits

Employee Benefits Live is Europe’s largest dedicated reward and benefits event for the HR and reward industry. The event provides an unrivalled opportunity for compensation, benefits and HR professionals to network, share ideas and best practice, benchmark suppliers, source the most effective solutions and learn the latest techniques to attract and retain the best talent.

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Balancing Cost and Care: 3 Key Considerations for Cost Optimization in 2024

Discover essential strategies for employers to balance cost optimization with care. The top priorities for employers in 2024 are retaining talent, growing revenue and sales, and attracting talent. To achieve these goals, employers are turning towards comprehensive total rewards strategies informed by data-driven insights. Hear from industry experts on cost optimization strategies and how to leverage these approaches for a healthier workforce.