Tue.Jan 17, 2023

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Skills of a Payroll Specialist

Professionals Alternative

Skills of a Payroll Specialist. A payroll specialist is a professional responsible for managing and processing an organization’s payroll, including calculating and distributing salaries and wages to employees. This job requires a variety of important skills in order to be performed effectively and efficiently. In this article, we will go over the various skills of a payroll specialist.

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Growing Risks of Benefits, Payroll Platforms

InterWest Insurance Services

There is a growing threat to companies that use online services to administer their employee benefits and payroll as cyber criminals increasingly exploit these cloud service platforms. The results of a hacker gaining access to the company’s payroll systems, sloshing with cash, as well as employees’ personally identifiable information can be devastating both to the employer as well as its workers, according to a blog by the law firm McLane Middleton.

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PepsiCo and Pfizer named Top UK Employers 2023

Employee Benefits

Image credit: 8ED8 / Shutterstock.com. Food and drink manufacturer PepsiCo UK and pharmaceutical firm Pfizer UK have made the Top UK Employers list for 2023. The Top Employers Institute compiled the list by reviewing HR policies and people practices across organisations around the world, including 99 UK organisations. In order to achieve certification, participating organisations’ HR practices were assessed by the institute through its HR best practices survey.

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Elevating Your Brand: Strategies for Employers

HR Digest

Employer branding strategies are a crucial component of any successful recruitment and retention strategy. According to research, companies with a strong employer brand have 28% lower turnover rates and are able to attract 50% more qualified candidates. These strategies are designed to create a strong sense of loyalty and trust between your business and your workforce, which can lead to improved performance and efficiency.

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Individual Development Plan Template

There’s no way around it: sometimes employees need your help. Use this free template to clarify expectations, share resources, and set a timeline. Best case scenario, this process helps them improve. Worst case, your great recordkeeping keeps you compliant even if they move on. Downlady the template today!

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Besides Health Insurance and 401(k)s, These Are the Benefits Employees Value Most

InterWest Insurance Services

Besides health insurance and a 401(k) plan, other benefits that employees value highly are generous paid time off and flexible or remote work, according to a new survey. But for the first time, the annual study by employee benefits provider Unum found that the younger generations are not on the same page with their older peers when it comes to what they value most in their benefits package. “A multi-generational workforce is a huge benefit for companies,” said Liz Ahmed, executive vi

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Group Health Insurance Considerations For Staff Working Past Retirement Age

InterWest Insurance Services

Americans are eligible to sign up for Medicare when they turn 65, but more of us are staying in the workforce longer than ever before. In fact, the average retirement age has increased three years in the last three decades. There are a number of issues that Medicare-eligible workers face that your human resources staff may be asked about, such as: Penalties for late Medicare enrollment, Whether the employer plan is the primary or secondary payer of claims, and.

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Total pay growth hits strongest rate since before pandemic

Employee Benefits

Growth in average total pay, including bonuses and regular pay but excluding bonuses , from September to November 2022 was 6.4%, according to the latest Office for National Statistics (ONS) figures. This was the strongest growth rate seen since before the Covid-19 (Coronavirus) pandemic. In September to November 2022, adjusted for inflation growth in real terms, both total and regular pay fell by 2.6% compared to the same period in the previous year, which was slightly less than the 3% fall in

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Obesity yet Again

Florida Workers' Comp

One of my first posts noted that Obesity can Kill (March 2015). I have noted some intriguing theories, including one that focuses on transplanting human waste. See Stool Transplant (October 2019). And, in the broad aspect of workers' compensation, we know that issues related to obesity are often seen as inhibition to care and treatment for various work injuries, a "comorbidity" issue.

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Helping employees navigate through the cost of living crisis

Employee Benefits

As the cost of living crisis deepens, the squeeze on household income is set to continue for some time, impacting the financial wellbeing of employees. Although it can be daunting, it is crucial for employees to face financial issues head on and find the most effective route to get on top of their finances, but many are confused about where to start.

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The Ultimate Performance Review Checklist

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.

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Employer Benefits to Assist with Student Loan Debt

McDermott Will & Emery Employee Benefits

What can employers do to assist workers with student loan debt? According to this PlanSponsor article, some strategies include direct-to-worker payments or an indirect option for student debt repayment benefits. McDermott Partner Jeffrey Holdvogt said a loan consolidation or refinancing option can help workers get a lower interest rate. “There’s an expectation that many individuals […].

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What is Corporate Training? Everything You Need to Know

BetterUp

According to LinkedIn, 94% of employees want to work for a company that invests in their professional development. So while corporate training might not by synonymous with fun, the problem isn’t that employees don’t want training. They’re just not getting the right job training.

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Childcare vs. Eldercare: How polarising benefits can work together

Employee Benefits

Whilst health benefits for the workplace are nothing new, there are far more. options today than there ever was before. The growth in healthtech has brought a wave of new innovations, apps and technologies that are helping boost the. benefits market. Whether it is midwifery, fertility, menopause, paediatrics, men’s. health or MSK, there seems to be a specific specialism to suit a broad range of. employees.

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A New, New Year’s Resolution

AssuredPartners

It’s January and for most of us it’s the time of year for reflection. It’s a time to begin anew, create a fresh start, and rid bad habits that have crept into our lives. According to a Forbes article , the top New Year’s resolutions are all about self-improvement: living healthier, getting happy, losing weight, exercising, quitting smoking, and reducing drinking, in that order.

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Want To Enhance Your Total Rewards To Achieve Organizational Success? Start Here.

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

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Busy Bees Nurseries enhances family leave benefits

Employee Benefits

Early years childcare provider Busy Bees Nurseries has introduced enhanced family leave benefits for its more than 9,000 employees located across the UK as of this month. These benefits include enhanced maternity and adoption pay, shared parental leave and paid paternity leave for new fathers. All eligible employees on maternity or adoption leave will now receive 12 weeks of pay, followed by 27 weeks of statutory pay , as well as a return to work bonus that is the equivalent to four weeks of pay

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The True Costs of Employee Turnover

15Five

From Apple’s revolutionary smartphone to Ford reinventing the automobile, human brilliance and dedication is the only way companies accomplish amazing things. That’s why struggling to retain talented people can be such a drain on an organization’s potential. We know turnover is expensive, but its costs aren’t just financial — they manifest as lost productivity, lowered innovation, weakened team bonds, and reduced agility.

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Lattice

HR Lineup

Lattice is a software company that offers a cloud-based employee performance management platform. The company is known for its easy-to-use and customizable software, which allows managers to set goals, track progress, and provide feedback to their employees. Lattice also offers a compensation management feature, which enables companies to design and manage their compensation plans in one place.

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7 Ways to Boost Your HR Career in 2023 | BerniePortal

BerniePortal

HR professionals play an indispensable role within an organization. They influence company culture, DEI initiatives , benefit offerings, and more. These aspects of business are critical for retention and long-term organizational success, but it takes time for HR pros to achieve excellence in all of these areas. So what can you do to get your HR career to that next level?

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How to Build the Ideal HR Team

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.

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Compport

HR Lineup

Compport is a compensation software that helps businesses manage and streamline their compensation processes. This software offers a wide range of features that allow businesses to easily track and manage employee compensation, including base pay, bonuses, and other forms of compensation. One of the key features of Compport is its ability to automate the process of calculating and distributing compensation.

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Employee Benefit Plan Limit for 2023

CorpStrat

Many employee benefits are subject to annual dollar limits that are adjusted for inflation by the IRS each year. The following commonly offered Employee Benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs). Health flexible spending accounts (FSAs). 401(k) plans. Transportation fringe benefit plans.

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GoAbroad.com/InternAbroad

HR Lineup

Interning abroad can be a valuable and life-changing experience for students and young professionals. It provides the opportunity to gain international experience, develop new skills, and immerse oneself in a different culture. One of the biggest benefits of interning abroad is the opportunity to gain international experience. This can include working with a diverse group of people, learning a new language, and understanding different business practices and cultural norms.

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A workplace for entrepreneurial mindsets to thrive should be your goal

Workplace Insight

These days it seems like everyone is looking to become more entrepreneurial. It’s a word that’s often used by big companies on the hunt for innovative thinkers and new ways of doing things. But sadly, the workplace doesn’t always work for those with entrepreneurial minds. It is too rigid, too hierarchical, too conventional. Entrepreneurs, by nature, are rule-breakers, always looking for new opportunities and fresh ideas that could change the world.

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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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Chegg Internships

HR Lineup

Chegg is a leading online learning platform that helps students succeed in their academic pursuits. The company offers a wide range of services, including textbook rental, online tutoring, and homework help. Chegg also has a robust internship program that provides students with the opportunity to gain real-world experience in their field of study while earning academic credit.

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Hardship withdrawals are threatening retirement security

Employee Benefit News

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Global Experiences

HR Lineup

Global Experiences is a leading provider of international internships and study abroad programs. The company was founded in 2001 with the mission of providing students and young professionals with opportunities to gain real-world experience, develop new skills, and explore different cultures. Today, Global Experiences has programs in over 30 countries, including Australia, China, Europe, and South America.

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Why companies coin names for their hybrid work plans

Employee Benefit News

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The Complete People Management Toolkit

From welcoming new team members to tough termination decisions, each employment lifecycle phase requires a balance of knowledge, empathy & legal diligence.