Thu.Aug 18, 2022

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Employee Benefits: A Key Part of Job Compensation

Money Talk

During this “Great Resignation” era when many workers are changing jobs or considering a job change, it is more important than ever to consider various types of employee benefits and their economic value. Also known as “fringe” (short for fringe benefits) or “perks.” employee benefits generally equal 25% to 50% of a worker’s gross pay. Thus, they are a key part of workers’ total compensation package.

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How to Support Mental Health in Your Workplace

International Foundation of Employee Benefit Plans

Earlier this year, I experienced a mental health crisis. I spent five nights at an in-patient program. This was followed by over six weeks at a partial hospitalization facility, which. Read more > The post How to Support Mental Health in Your Workplace appeared first on Word on Benefits.

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Why You Should Invest in Your Employees’ Skills

HR Digest

Investing in your employees’ skills is one of the best things an employer can do to keep them engaged and motivated. Employees want to feel like they are contributing to the success of their company, and that means being able to use the skills they’ve learned on the job. . This increases their sense of accomplishment, which makes them more likely to stay at the company for a long time.

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Addressing managers’ worries about the gaping void of supervision

TLNT

Each day (or so it feels), I see all the major online news outlets carrying lengthy stories about the work-from-home culture.

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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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OSHA & Employee Safety Incentive Programs

AssuredPartners

Section 11(c) of the OSH Act prohibits an employer from discriminating against an employee due to an employee reporting an injury or illness. 29 CFR 1904.36. This memorandum is intended to provide guidance to both field compliance officers and whistleblower investigative staff on several employer practices that can discourage employee reports of injuries and violate section 11(c), or other whistleblower statutes.

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Humor and Failure

Florida Workers' Comp

I was recently back in training mode as the Florida OJCC onboarded three new judges. The latest appointments are important to our vision and strength. First, they bring us somewhat back from a difficult 2022 (our 2023 began July 1, 2022). Over the last year, we saw the passing of Judge Dietz in January. That was a bizarre telephone call to receive one Saturday morning.

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What’s a people strategy, and why do you need one?

Insperity

Does your company have a people strategy? Which is another way of asking: Are you focused enough on your company’s most valuable asset: your people ? If not you’re not sure, you might be falling behind in your efforts to procure and retain employees during the Great Resignation. Furthermore, your organization may not be achieving the performance and results that you expect.

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Ask an Expert: Is There a 30-Day Grace Period to Make Changes to Elections in Cafeteria Plans?

InterWest Insurance Services

Q: We have an employee who wants to make changes to her cafeteria plan election, even though benefits are already effective. Is there a grace period that allows her to change her election? Employers: Don’t make this common cafeteria plan mistake! Once cafeteria plan benefits become effective, the elections are “locked in.” Employees cannot change their minds and make changes to pre-tax cafeteria elections during the plan year, once benefits become effective — unless a special e

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How can businesses improve their DE&I initiatives?

LACE Partners

How can business create a culture of inclusivity for their employees? What is rainbow washing and why is it harmful to the LGBT community? How can DE&I teams and HR work together to prevent it? Chris Howard and Emma Wadsworth discuss this with Guilherme Klein from PMI. The post How can businesses improve their DE&I initiatives? appeared first on LACE Partners.

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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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How to Create the Best New Employee Experience When Onboarding

Sodexo Engage

Summary: Why it’s essential to get onboarding right. What happens if you neglect it? Companies who excel at onboarding. Successful onboarding: Step-by-step process. How Sodexo Engage can help optimise the employee experience. How to Create the Best New Employee Experience When Onboarding. What’s the most important factor that impacts whether or not a new hire is a success?

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Here’s How Identifying Your Stress Triggers Can Help You to Relax

BetterUp

Jump to section. What is stress? What are stress triggers? 3 types of stress triggers. Why do certain things make you feel stressed? How to identify stress triggers. How does stress affect your health? 6 stress-associated behaviors. The importance of time management skills.

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Are You Creating Company Culture That Builds Retention?

CorpStrat

It takes a lot of effort to build culture, and it takes very little to destroy it. A recent study revealed that 75% of workers cited Company Culture as the primary factor that influenced their decision to work at a company; for many, culture ranked higher than salary. It might be surprising to hear but job seekers are likely to pass on a “perfect job” if the Corporate Culture isn’t a good fit.

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Loss-Control Services Boost Agency Profits, Client Retention

InterWest Insurance Services

When most commercial insurance brokerages are in early growth stage, they are focused on putting together a solid team of producers to grow their book of business at a fast, yet manageable pace. Many agencies continue on this path of maximizing their writings, but that can lead to customer neglect and missed opportunities to help them reduce the risk of claims and the premiums they pay.

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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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6 Keys to Find Jobs During Labor Shortage?

Professionals Alternative

When we hear the term labor shortage, it can give us a bit of anxiety. The reality is most jobs will never experience an actual labor shortage. However, when the economy is struggling and unemployment rates start to climb, some pretty significant shifts can happen in the workplace. With that said, here’s an article that explains what a labor shortage is and how you can use it to your advantage if you’re in the job market.

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20 Employee Feedback Survey Questions — And Tips to Get Started

BetterUp

If you want to know how things are going at your organization, your employees are the best ones to ask. But not every company has a strong process in place for soliciting — and using — employee feedback. The ones that do enjoy more collaboration, innovation, higher job satisfaction, and lower turnover.

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8 Tips for Leading Through Difficult Times

15Five

These last few years can be summed up with the word “unprecedented.” As much as we’ve used that word lately, it still rings true in 2022. Recently, we’ve seen drastic changes in companies. Layoffs have been happening all across the United States (and internationally), and leaders are still being forced to grapple with keeping employees engaged and performing in tough times.

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This fintech is improving companies' retention by 29% with earned access wages

Employee Benefit News

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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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What Causes Lack of Focus at Work: 10 Things

BetterUp

Jump to section. Lack of focus definition. What can cause lack of focus? Ask yourself the right questions.

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An offer they can't refuse: Secrets to success in hiring and keeping talent

Employee Benefit News

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Creating a Positive Work Environment to Ask Questions

Benefit Resource Inc.

There is plenty of information on the web about what employees should ask employers regarding benefits. But there are surprisingly few resources that address steps employers can take to create a positive work environment- specifically one where it’s safe to ask questions about benefit plans. John Maxwell, leadership mentor and speaker, said “People may hear your words, but they feel your attitude.” Keeping his words in mind, here are three “do” actions and three 

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Hearing benefits could make or break your health plan

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.

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Creating a Positive Work Environment to Ask Questions

Benefit Resource Inc.

There is plenty of information on the web about what employees should ask employers regarding benefits. But there are surprisingly few resources that address steps employers can take to create a positive work environment- specifically one where it’s safe to ask questions about benefit plans. John Maxwell, leadership mentor and speaker, said “People may hear your words, but they feel your attitude.” Keeping his words in mind, here are three “do” actions and three 

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Scheduled Maintenance

Employer Connection

Please be advised that maintenance on the Trustmark Small Business Benefits® website is scheduled from 9 a.m. through part of the afternoon on Saturday, Aug. 20. During the maintenance window, the website will not be available. We apologize for any inconvenience.

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Layoffs are planned at half of U.S. companies, PwC survey shows

Employee Benefit News

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Building Blocks Of An Integrated Talent Management System

Qandle

The vast majority of businesses will concur that talent management is an essential component of a profitable business strategy. However, if pressed, they would have a difficult time providing a concise explanation that adheres to a generally accepted standard of what constitutes an effective strategy. Is the management of talent really such a difficult and complicated task?

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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.