Wed.Aug 03, 2022

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What is imputed income?

PeopleKeep

As an employer, you know that benefits and compensation can come in various forms—and in today’s tight labor market, offering a variety of different benefits is essential to recruiting and retaining employees. However, it’s important to keep in mind that when you give employees fringe benefits like a gift card or access to a company car, your employees need to pay taxes on the value of these benefits, which is known as imputed income.

Taxes 84
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How to Set Realistic Goals: 11 Tips to Reach the Clouds With Your Feet on the Ground

BetterUp

Jump to section. What are goals? Why is it important to set realistic goals? How to set realistic goals. How to set achievable work goals. 10 examples of realistic goals. 5 questions you should ask yourself before setting goals. 8 skills required for goal setting. Moving forward: 5 values you should have for goal setting.

IT 105
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IRS Guidance Extends Deadline for SECURE & CARES Act Amendments

Proskauer's Employee Benefits & Executive Compensa

On August 3, 2022, in a welcome and surprising move, the IRS released Notice 2022-33 , providing for an extension for qualified retirement plans to adopt amendments under the Setting Every Community Up for Retirement Enhancement Act of 2019 (“ SECURE Act ”), the Bipartisan Miners Act of 2019 (the “ Miners Act ”) (which provided defined benefit plans with an optional reduction in the minimum age for in-service distributions from age 62 to 59½), and the Coronavirus Aid, Relief, and Economic Securi

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7 Types of Listening That Can Change Your Life and Work

HR Digest

There are many types of listening that can change your life and work. In this article, we describe 7 different types of listening that can affect the way you communicate with other people. All the types of listening skills are equally important and you should apply them all in your communications. . Discriminative listening . Discriminative listening is the first type of listening skill that we are born with.

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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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EEOC Potentially Limits Employer’s Right to Mandate COVID-19 Testing

McDermott Will & Emery Employee Benefits

On July 12, 2022, the US Equal Employment Opportunity Commission (EEOC) revised its guidance on compliance with disability discrimination law during the COVID-19 pandemic. While previous guidance, initially published on December 14, 2021, provided that COVID-19 viral testing was permissible for on-site employees and did not run afoul of the Americans with Disability Act (ADA) due […].

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California Payroll Tax: What You Need To Know About the Golden State

Patriot Software

There are a million things you have to manage when running your business. Whether or not you want to admit it, payroll taxes should be one of your top concerns. Payroll taxes generally include Social Security and Medicare. But, many states have additional taxes that employers need to deduct from employee wages. California payroll tax […] READ MORE.

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Why your organization needs to invest in employee development

PeopleKeep

To remain successful, organizations need to innovate and grow. Hiring top talent is essential to growing your organization, but promoting internally is a win-win for both you and your happy employees who can move up and fill vacant positions. One of the best ways to ensure your organization continues to evolve is to invest in employee development plans that equip your current employees with new skills and experiences so that they can move up and you can focus on hiring entry-level employees.

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Misclassification: 16 Workers Held to be Employees

Workers' Compensation

An employer need not control every facet of a person's responsibilities for that person to be deemed an employee. The Commissioner’s finding that East Bay did not supply sufficient information to prove the workers’ independence under the ABC test’s prong C was not arbitrary, capricious, or unreasonable but rather was supported by the absence of record evidence as to that part of the test.

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Top HR Tech Trends to Look out for in 2022

Hppy

Human resources technology is constantly evolving to meet the needs of the modern workplace. Following the unprecedented disruption that COVID-19 has created in the work environment, many organizations have adapted and implemented new approaches to recruiting and managing their workforce. What was once considered ‘nice to haves’ are now table stakes in the experience economy.

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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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Simple Guide to Redundancy and Severance Pay in the United Kingdom

Global People Strategist

The redundancy process can be difficult to navigate but this simple guide will explain everything you need to know about redundancy and severance pay in the United Kingdom. Who is Entitled to Redundancy Pay? If you’re facing redundancy, you may be entitled to a severance or redundancy package from your employer. This will usually include a lump sum payment based on your length of service and salary.

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How to write up an employee for poor performance — sample

Business Management Daily

Sometimes solving an issue with an employee simply involves a manager drawing the problem to the worker’s attention. An individual who routinely tries to slip in late may quickly right the ship once aware that his supervisor keeps an eye on the clock each day. Similarly, a one-to-one chat can set the stage to improve poor performance , perhaps by identifying a skill gap that needs filling.

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Coaching Culture — Why It Makes Dollars And Sense

BetterUp

What is a coaching culture? At risk of stating the obvious, coaching culture is a combination of two powerful organizational tools: coaching and culture.

IT 52
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How hospitals can avoid capacity surges during the next public health crisis

Employee Benefit News

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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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CareMount Medical Joins Empire Blue Access + Connection Networks

360PEO Inc.

The post CareMount Medical Joins Empire Blue Access + Connection Networks appeared first on 360PEO Inc.

Medical 52
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MasterControl pays its employees to play sports and stay active

Employee Benefit News

IT 102
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Insubordination In the Workplace: 7 Ways to Manage Difficult People

BetterUp

Dealing with difficult employees is challenging.

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Worried you're going to lose your job? Here's what to do

Employee Benefit News

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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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Employee Relations: Definitions and Best Practices

BetterUp

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Doing right by your client will boost revenue

Employee Benefit News

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Hiring practices are the new litmus test for company values

TLNT

It’s a well-known fact that – in these tight labor market times [there are more than 11 million job openings right now] – it’s candidates that continue to hold the balance of power.

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'There's a need for emotional support': One exec shares his family's $175k surrogacy journey

Employee Benefit News

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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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Basics of Tax-Efficient Investing

Money Talk

As I wrote in my book, Flipping a Switch , the investment firm Nuveen, many years ago, created the advertising slogan “It’s not what you earn, it’s what you keep.” This phrase was designed to encourage investors to buy tax-free municipal bonds that provide a higher after-tax return than higher-yielding taxable bonds. In a more general way, the advertisement was also promoting the concept of tax-efficient investing.

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