Fri.Jan 14, 2022

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2022 pay rise budgets soar

Employee Benefits

UK employers increased the amount of money they put aside for staff pay rises over the second half of last year, it has emerged. Research by global advisory, broking, and solutions company Willis Towers Watson (WTW) found that average 2022 pay hike budgets grew from 2.9% in July 2021 to 3.2% in December. If these budgets are fully spent, the average pay rise for UK employees would be a third greater this year than the 2.4% seen in 2021, according to the firm’s Salary budget planning repor

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Supreme Court Blocks OSHA’s Vaccine Mandate | BerniePortal

BerniePortal

Almost a week after hearing oral arguments, on January 13, the Supreme Court of the United States blocked the Occupational Safety and Health Administration (OSHA) from implementing and enforcing its Emergency Temporary Standard (ETS) requiring large private employers to enact a vaccinate-or-test policy mitigating the spread of COVID in the workplace.

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DOL Statement on Private Equity Investment Emphasizes Fiduciary Responsibility

Proskauer's Employee Benefits & Executive Compensa

On December 21, 2021, the Department of Labor (the “ DOL ”) published a Supplemental Statement (the “ Supplemental Statement ”) to its June 3, 2020 Information Letter (the “ 2020 Letter ”) addressing fiduciary considerations for including private equity within an investment option under an ERISA-covered defined contribution plan ( e.g. , a 401(k) or 403(b) plan).

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Advertising Pointers To Help Any Business

Take It Personel-ly

Are you looking for ways to grow your business in a quick and efficient manner? It all depends on what your marketing and advertising plan currently looks like. Although there’s no surefire way for every business to change their marketing plan for the better, there are certain ways you can advertise while allowing you to […]. The post Advertising Pointers To Help Any Business appeared first on Take It Personel-ly.

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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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CIPHR promotes Claire Williams to chief people officer

Employee Benefits

Software provider CIPHR has promoted Claire Williams to the new role of chief people officer. The firm, which is based in Buckinghamshire, appointed Williams to the role, and a seat on the board, after almost four years of service. She joined CIPHR in March 2018 as head of people, rising to become director of people and services later that year. The employer said she had been a “central figure” in many strategic projects.

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The Case of the Missing Case

The Workcomp Writer

In early January, one can reliably count on at least two things: first, that we’ll be bombarded by television commercials hawking diet aids, and second, that someone in the New Jersey Legislature will introduce a bill to exclude undocumented workers from receiving benefits following work-related injuries. And so it was that this morning, while I enjoyed my morning coffee and a nice buttered croissant, I spied a TV ad promising to rid me of unwanted pounds, and I skimmed the text of New Jersey Se

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Supreme Court Blocks Vaccine Mandate

AssuredPartners

In a 6-3 majority decision issued on January 13, 2022, the U.S. Supreme Court (SCOTUS) blocked President Biden’s intended vaccine or test mandate for companies with 100 or more employees, citing overreach on the part of the Occupational Health and Safety Administration (OSHA). Although, in a separate ruling , the Court did permit a vaccine mandate (“ CMS Interim Final Rule ”) to be put in place specifically for employees working for healthcare facilities that receive federal fu

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Should You Get an EV for Your Company Car?

Take It Personel-ly

Many employees enjoy the convenience of a company car. Often, they need one to drive to different locations to perform their job. Businesses that provide company vehicles may want to consider an EV (electric vehicle) as a good investment. EVs are becoming more mainstream than ever. Now that more options are available and better infrastructure […].

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Why Facilitating Better Collaboration Improves Morale

Hppy

The modern workforce is more dispersed than ever before while being more connected thanks to the variety of applications that facilitate instant remote and hybrid work communication. A manager in New York can video conference with potential business partners in Japan, while another employee in the same New York office can send an instant message to a teammate in California.

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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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Formative Content moves to employee ownership

Employee Benefits

Formative Content has announced its transition to an employee ownership trust (EOT). The digital marketing and communications agency, founded by former television news executive Gay Flashman in 2014, said the move would enable its more than 70 workers to share in the future direction and success of the business. Formative develops external engagement strategies and original content for corporate and business-to-business clients around the world.

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Staff Shortages? Why it is Time to Adapt Your Approach to Recruitment 

Hppy

Recruitment strategies have been changed by the pandemic forcing business to adapt fast. New ways of working have started to become normal, as remote staff has gone completely mainstream. But, perhaps the key issue that has spurred on the change has simply been because many industries have faced staff shortages prompting companies to rethink their recruitment process.

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48% of employers do not have IVF policies

Employee Benefits

Almost half (48%) of employers have no official policy in place to support employees undergoing IVF treatment , according to new research, despite the fact that one in six people now require the help of a fertility expert to conceive. A report by Cityparents, an organisation that supports working parents, and IVF provider Create Fertility, found that just 20% of employees polled were offered paid leave to undergo the treatment, while just one in seven were offered flexible working to fit around

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10 Questions to Ask Before Choosing an HRIS | BerniePortal

BerniePortal

The Human Resources Information System (HRIS) has become increasingly common in the modern era due to its ability to streamline many of the HR processes utilized daily. Some systems are already so ingrained into an organization that they are hardly noticed at all. But how do you know that you are choosing the right HRIS for you and your organization?

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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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The top 10 most-read articles between 7 January – 13 January 2022

Employee Benefits

The top 10 most-read stories on employeebenefits.co.uk between 7 January and 13 January 2022 were: UK Swissport staff receive above-inflation pay rise. A changing pension landscape: what can employers expect in 2022? Benefex acquires engagement platform Wrkit. Sainsbury’s increases shop staff pay to £10 an hour. B&M awards bonus to 24,000 staff. 75% of white collar staff are considering quitting.

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Can I offer a health insurance stipend?

PeopleKeep

For many small and medium sized businesses (SMBs), offering a traditional group health insurance plan is an expense they simply can’t afford. Luckily, there are other, more affordable and flexible options that make offering health insurance possible. A common question we often get from SMBs is, “Can I offer employees a stipend in lieu of health insurance?”.

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How to Negotiate a Pay Raise

Abel HR

A company has several ways of recognizing the work of its employees. For employees, negotiating for a higher salary is one of the most crucial skills they need in their careers. This skill requires professionalism and self-assurance in your value to your company. Ahead, we will explain the steps you can follow to negotiate a pay raise successfully. 1.

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How can you effectively measure DE&I? (Diversity, Equity & Inclusion)

LACE Partners

What is best practice when it comes to using data metrics to measure and monitoring your diversity, equity and inclusion (DE&I) practices? What are common data points companies are using? We explored this in one of the recent HR on the Offensive podcasts released late last year , with the team from The Clear Company , who have written a guide to data metrics in DE&I.

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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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AssuredPartners Announces New Chief Financial Officer

AssuredPartners

LAKE MARY, FL – January 14, 2022 – AssuredPartners is pleased to announce that Mark Hammond has been appointed Chief Financial Officer (CFO) effective March 2, 2022. Mark will be responsible for propelling AssuredPartners financial planning, analyzing financial performance and implementation of financial strategies. He will report to Chief Executive Officer (CEO), Jim Henderson, and work closely with the broader executive team.

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W-2s due to employees soon — get ready!

Business Management Daily

The NCAA basketball tournament is called the Big Dance. Football has the Superbowl. Jan. 31 is Payroll ’s day. This is the date employees must receive their W-2 copies and the Social Security Administration must receive your W-2s. Here are some issues to consider as you prepare for the big day. E-filing. The most important e-filing news is what didn’t happen.

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Are There Tax Documents for Your Pre-Tax Benefits?

Benefit Resource Inc.

Benefit Resource (BRI) has been simplifying benefits for 30 years. We’re here to provide you with a short guide to help you understand the required tax documents for your pre-tax benefits. . HSA. A Health Savings Account (HSA) is a savings account that provides tax-free contributions and potential tax deductions for qualified medical expenses incurred by the holder.

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Electronic Form 1095-B for Tax Filing Now Available

Employer Connection

To help make tax filing for 2021 easier and more convenient, an electronic version of Form 1095-B (in a PDF format) is now available in the Document Center on our website. Log in at TrustmarkSB.com/login. If you need to reference the data used to populate the forms, it will also be available in a CSV format in the Document Center. The Affordable Care Act requires employers with fewer than 50 employees to annually file Form 1095-B to report certain information about individuals who are covered by

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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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ERIC Petitions U.S. Supreme Court on Seattle Case

ERIC

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Holiday Hours

Employer Connection

Trustmark’s offices will be closed on Monday, January 17, 2022, in observance of Martin Luther King Jr. Day. Regular business hours will resume on Tuesday, January 18, 2022.

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12 Innovative Employee Retention Strategies that Work

Empuls

It would not be wrong to say that we are in the middle of a work revolution. The way we look at work has changed drastically – thanks to globalization, the powerful internet, artificial intelligence, and machine learning. The customer expectations have also gone up exponentially in terms of personalization and brand experiences. The changing pace has left even the best organizations with no choice but to rethink their employee acquisition and retention strategies.