Best Money Moves
NOVEMBER 15, 2022
3 ways to recession-proof your benefits program. How can your workforce prepare as a recession looms on the horizon? Here are 3 ways to recession-proof your benefits program. . With a potential recession on the horizon, employers must focus on the financial wellbeing of their employees. Thirty-one percent of Americans are unprepared for an economic downturn, according to a report by Bankrate.
Money Talk
NOVEMBER 15, 2022
One of the largest items in household budgets is car insurance. According to Bankrate, the average annual cost of car insurance in June 2022 was $1,771 per year ($148 per month) for full coverage and $545 for just the minimum coverage required by state law. Of course, individual insurance premiums vary widely according to multiple factors (e.g., driver characteristics, type of vehicle, location of vehicle, and the current economic climate for labor and parts costs).
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Employee Benefits
NOVEMBER 15, 2022
In its blog published 4 November, AE has come a long way, but we all have further to go, the Pensions Regulator (TPR) recognises the successes of automatic-enrolment in encouraging retirement saving. It also acknowledges that it could do more to enforce employer compliance with AE obligations. Is there scope, 10 years on from auto-enrolment’s introduction, to look beyond employer duties and adjust the parameters of auto-enrolment itself to increase engagement by savers?
Workplace Insight
NOVEMBER 15, 2022
A new US study conducted by IWG claims that employers view the hybrid working model as an essential part of their toolbox when it comes to recruitment, hiring and retention, with nearly 95 percent of HR leaders saying it is an effective recruitment tool. Released today, the ‘HR Leaders & Hybrid Working Report’ examines findings from a poll of more than 1,000 HR professionals at managerial and board level.
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Performance reviews are a proactive way to engage with your employees, provide clear communication about expectations, and acknowledge them for their hard work. But getting the right framework and creating consistency across your organization can be tricky. We put together this checklist to help you evaluate your current performance review process and equip managers with the right tools to perform individual assessments.
AssuredPartners
NOVEMBER 15, 2022
As per Notice 2022-59, the IRS is adjusting the fee that insurers or self-insured health plan sponsors will pay to fund the federal Patient-Centered Outcomes Research Institute (PCORI) trust fund for plan years ending on or after October 1, 2022 and prior to October 1, 2023. The fee will now be $3.00 per plan enrollee , up from $2.79 for the 2022 plan year.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
InterWest Insurance Services
NOVEMBER 15, 2022
Despite the Workers’ Compensation Insurance Rating Bureau recommending that benchmark rates in California be increased in the last two years, the rates that insurance companies are charging for coverage continue falling. But the party may soon be coming to an end, according to a new report. The California Department of Insurance in fact rejected the Rating Bureau’s rate hike recommendations in both in 2021 and 2022 when it had asked for 2.7% and 7.6% increases respectively, and it or
Insperity
NOVEMBER 15, 2022
Wage growth, record-high inflation and an extremely competitive labor market have all put business leaders in a difficult position. Anyone involved in hiring and retaining employees is torn between important and seemingly contradictory objectives: Address employees’ pain and concerns about the increased cost of living so you can prevent them from disengaging or leaving the company in search of a higher salary elsewhere. ( The Great Resignation is ongoing, after all.).
Florida Workers' Comp
NOVEMBER 15, 2022
This site has had a great many posts regarding the rate of overdose death in America. That interest is spurred, in part, from the allegations that many illicit drug users may get their introduction to troublesome habits and substances in the course of treatment for medical conditions, accidents, and illness. That is inextricably intertwined with the world of workers' compensation.
Insperity
NOVEMBER 15, 2022
Wage growth, record-high inflation and an extremely competitive labor market have all put business leaders in a difficult position. Anyone involved in hiring and retaining employees is torn between important and seemingly contradictory objectives: Address employees’ pain and concerns about the increased cost of living so you can prevent them from disengaging or leaving the company in search of a higher salary elsewhere. ( The Great Resignation is ongoing, after all.).
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Are you looking for ways to enhance your employee value proposition? Gallagher Better Works SM Insights has got you covered! Dive into the latest magazine issue and discover how flexibility, equity, recognition and strategically applied resources can improve your total rewards package. Download the PDF to learn more about: Building retirement benefits for a global and mobile workforce Promoting employee and organizational growth through succession planning Empowering women in leadership through
McDermott Will & Emery Employee Benefits
NOVEMBER 15, 2022
How can employee stock ownership plans (ESOPs) help business owners ensure their businesses remain locally owned? In this article published in The Gazette, McDermott Partner Ted Becker provides insight into this popular type of employee benefit plan. “The most important thing to do is to get an adviser who understands ESOPs,” Becker said.
International Foundation of Employee Benefit Plans
NOVEMBER 15, 2022
November is Financial Literacy Month in Canada. Multiple organizations are working to educate Canadians about the programs, services and tools available to strengthen financial knowledge, skills and confidence. The post Embracing Financial Literacy Month appeared first on Word on Benefits.
Employee Benefits
NOVEMBER 15, 2022
The Association of Accounting Technicians (AAT) has decreased its mean gender pay gap for 2022 from 3.5% to -0.2%, due to an increase in the number of women in senior roles. The association’s latest gender pay gap report and second ethnicity pay gap report were based on hourly rates of pay at the snapshot date of 5 April 2022. Its median gender pay gap rose from 7.4% in 2021 to 9.8% in 2022.
BetterUp
NOVEMBER 15, 2022
There’s no denying it: real-time recognition just feels good.
Advertiser: Paycor
HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.
Employee Benefits
NOVEMBER 15, 2022
London law firm Charles Gregory Solicitors has been ordered to pay an employee £32,000 after it transferred his employment to another business without due notice or consultation. Eduardo Grazioli worked for regulated firm Rider Support Services from 2007 as a paralegal and later a personal injury solicitor. When the firm could no longer operate under its existing ownership, staff were required to move physical files to the Charles Gregory offices to allow for the transfer of the business.
HR Digest
NOVEMBER 15, 2022
The HR Digest has compiled this employee’s guide to constructive dismissal to help employees understand this concept. This guide will help them know when to seek legal advice before taking the matter to an employment tribunal. This dismissal guide for employees was compiled to assist employees who might have faced a dismissal that was constructed or who want to know more about the topic.
Employee Benefits
NOVEMBER 15, 2022
More than 50 Tyne and Wear Metro engineers employed by Stadler Rail Service have accepted a pay offer after calling off planned strike action. The engineers planned to strike from 14 to 28 November, with more action set to be scheduled if the dispute was not resolved, over a 4% pay offer. The employees also began an overtime ban on 15 October. According to trade union Unite, this amounted to a real terms pay cut, as the real rate of inflation is currently 12.6% and expected to rise.
Empuls
NOVEMBER 15, 2022
The holiday message is a short quote that conveys wishes for happiness or luck to others. Employees generally send these messages before festivals as a courtesy or to let recipients know how much they are appreciated. You can send a formal or casual holiday message depending on the recipient. How does getting into the spirit of the season benefit your business?
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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?
InterWest Insurance Services
NOVEMBER 15, 2022
InterWest announces 2022 Distinguished Employee Award Winners! The following employees were identified by their co-workers as having demonstrated an extraordinary commitment to their clients, teammates as well as their community. This partnership between work and giving back makes them stand out for their invaluable contributions. Alexis Lewis. Receptionist / Human Resource Administrative Assistant.
Employee Benefits
NOVEMBER 15, 2022
Halloween is last week’s news, and it is officially acceptable to talk about Christmas – even though, from a business perspective, it’s been on all our minds for a while. It’s also International Stress Awareness Week, so we’re once again focusing on this subject. We recently talked about How to avoid Pre-Christmas Burnout and Recognising and Reducing Stress in the Workplace , but those articles focused on stress predominantly caused by work.
Sodexo Engage
NOVEMBER 15, 2022
Summary: The importance of kindness in the workplace. Generosity and consideration in the workplace and beyond. Reward and recognition. Financial wellbeing for the whole family. Physical and mental wellbeing. Embed kindness into your business with an end-to-end wellbeing offering and Sodexo Engage. EMBED KINDNESS AND TOLERANCE INTO YOUR WORKPLACE CULTURE WITH A 360-WELLBEING STRATEGY.
Employee Benefit News
NOVEMBER 15, 2022
Advertiser: Paycor
From welcoming new team members to tough termination decisions, each employment lifecycle phase requires a balance of knowledge, empathy & legal diligence.
Employee Benefits
NOVEMBER 15, 2022
VIDEO: Ian Hodson, head of reward at the University of Lincoln, presented a session titled ‘Engaging reward options for the workforce of tomorrow’ on 6 October at Employee Benefits Live 2022. Key points covered within the session included: Understanding expectations of graduates coming into the workplace. Formulate ideas of total reward packages to attract graduates.
Employee Benefit News
NOVEMBER 15, 2022
Business Management Daily
NOVEMBER 15, 2022
Are you tired of trying to keep track of projects via Excel spreadsheets and Gmail? If so, it’s time to introduce yourself to the ever-growing world of cloud-based project management software. With the right app, you can keep track of everything related to your project in one convenient location. That includes all tasks, task progress, assignees, communications, and deadlines — and since these programs are cloud-based — you can access them from anywhere.
Advertiser: Barley
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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