Wed.Feb 08, 2023

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What is a lifestyle spending account?

PeopleKeep

Many employers are familiar with account-based benefits like health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs). But some may not be as familiar with lifestyle spending accounts (LSAs), which are a relatively new benefit type.

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The four R’s to re-engage your workforce in 2023

Employee Benefits

We are just over one month into 2023. It seems like 2022 flew past and we’re already deeply settled into the new year. But, as individuals and teams set their annual goals and priorities, there can be a common period of limbo for your people while they await what’s coming next from the organisation. As a leader, how can you move your disengaged workers into what we call an ‘ambassador’ on the employee engagement quadrant?

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Working mums feel forced to limit careers due to inflexible working practices

Workplace Insight

A new report claims that many working mums have felt forced to limit their careers as a result of their employer’s inflexible and outdated working policies and cultures. The Shift from Worker to Working Parent sponsored by WOMBA (Work, Me and the Baby) and carried out by Hult International Business School (Ashridge) interviewed working mums and dads who had recently taken extended parental leave about the experiences they faced as they transitioned to parenthood in an organisational context.

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Delta Airlines gives all staff 5% pay rise

Employee Benefits

American air travel organisation Delta Airlines has announced that it will give its ground and flight attendant employees a 5% pay increase as of 1 April. All 90,000 employees worldwide are included, apart from those covered by an industry or government requirement, or a collective bargaining agreement. This raise, which also includes a 5% pool for eligible merit employees, means that staff will have received a 9% pay increase within the last year in total, including the 4% rise they had in May

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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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Poor air quality affects chess players, and it might be affecting you too

Workplace Insight

Humans are exposed to poor air quality and pollution almost everywhere. The World Health Organization estimate that 99 percent of the world’s population breathe in polluted air each day. Chess players competing indoors are no exception – and it can affect their performance. A recent study conducted by researchers from Maastricht University (Netherlands) and the Massachusetts Institute of Technology (USA) analysed the quality of chess moves across multiple German chess tournaments.

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More Trending

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4 Surprising Ways Financial Stress Impacts Your Team

Best Money Moves

4 surprising ways financial stress impacts your team. Whether you know it or not, your team is struggling with financial stress. Here’s what you could be missing. Financial stress is on the rise among American workers and, whether you know it or not, your team is feeling the effects. The Thriving Wallet Survey , conducted by Discover and Thrive Global highlights startling financial health statistics and dives into the connection between workplace performance and employee mental health.

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Martin Williams: Making the sums add up for a four-day week

Employee Benefits

In a way, four-day working is already with us. Many people do not work what is currently regarded as the full, or standard, working week of five days, Monday to Friday. It is the form of the four-day week that is the cause of debate. Should it be the standard? Should there be a commensurate reduction in pay? Which four days are to be worked? Can the four days be worked flexibly?

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Legal and Legislative Reporter: Court Denies Insurance Company’s Motion to Remand AD&D Benefits Claim

International Foundation of Employee Benefit Plans

Every month, the International Foundation releases the Legal and Legislative Reporter, a compilation of new employee benefits-related case summaries. Below is a summary we thought you’d be interested in. Content provided. Read more > The post Legal and Legislative Reporter: Court Denies Insurance Company’s Motion to Remand AD&D Benefits Claim appeared first on Word on Benefits.

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Claiming Employee Retention Credit Retroactively: Extended Deadline and More Details

Patriot Software

Think it’s too late to take advantage of the Employee Retention Credit? Think again. Employers now have until 2024 (and in some cases, 2025) to claim the credit retroactively. So, how do you know if you qualify for the credit? And, what are the steps for claiming Employee Retention Credit retroactively?

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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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No Surprises Act and Three Takeaways on Surprise Billing

McDermott Will & Emery Employee Benefits

The No Surprises Act (NSA) provides federal protections against surprise billing with respect to emergency services, non-emergency items or services furnished by out-of-network providers at certain in-network healthcare facilities, and air ambulance services furnished by out-of-network providers of air ambulance services. The NSA also establishes that certain federal agencies publish information quarterly about the Federal […] The post No Surprises Act and Three Takeaways on Surprise Billi

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Protect Your Energy: At Work and Life

BetterUp

Jump to section What does it mean to protect your energy? Why is it important to protect your energy?

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3 Ways to Prepare Your Employees for a 2023 Recession

Best Money Moves

3 ways to prepare your employees for a 2023 recession. Financial experts predict a possible 2023 recession. Here are 3 key strategies to consider to help employees through a recession. Economists say there is a 60/40 chance that the US will face a recession in 2023, according to a survey conducted by the Wall Street Journal. This news follows a year where significant inflation and climbing interest rates challenged employee financial confidence.

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Firms struggle to get a grip on people data despite workplace challenges

Workplace Insight

A new CIPD survey of business leaders claims there is a significant mismatch between the scale of the challenge that workplace issues currently pose to businesses and how often workforce issues and people data are discussed by senior leaders. In response, the CIPD is warning that organisations are unlikely to perform well in the long term unless decisions taken at a board and executive management level are informed by an in-depth and evidence-based understanding of the value and risk their workf

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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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Ryanair launches employee experience platform

Employee Benefits

Airline group Ryanair has introduced an employee experience platform to help boost collaboration and engagement for its 19,000 members of staff across Europe. Provided by Workvivo, the Ryanair employees working at airports, on aircraft or behind the scenes will be able to use the platform as their central portal, and their experience and communication hub.

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Terminating Employment in Brazil

Global People Strategist

Terminating someone is never pleasant, yet the process can be particularly complex in Brazil. Figuring out how to officially terminate an employment contract in Brazil requires understanding the country’s complex labor laws and regulations – after all, nobody wants to stay on the wrong side of an inconvenient legal battle. Despite its unusual intricacies, navigating this bureaucratic maze can be more manageable than it initially appears.

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EXCLUSIVE: Public sector category open at Employee Benefits Awards 2023

Employee Benefits

EXCLUSIVE: A public sector organisation that has implemented a successful benefits package has the chance to enter a dedicated award category at the Employee Benefits Awards 2023. Eligible employers will cover public goods or government services, such as law enforcement, the military, infrastructure, public transport, public education, healthcare and government organisations.

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AssuredPartners Announces New Agency President

AssuredPartners

AssuredPartners Midwest Appoints Tim Adams Agency President ORLANDO, FL – February 9, 2023 – AssuredPartners (“AP”) is pleased to announce that effective January 1, 2023, Tim Adams has been named Agency President of their West Lafayette, IN office, formerly Truck Insure, Inc. Tim enters the role with over two decades of experience in the industry, specializing in trucking insurance.

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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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Gary Stanton: Can employers’ healthcare benefits fill the gap between private and NHS services?

Employee Benefits

Providing security services, including security guarding, front-of-house and reception employees, means Atlas Security is a people-oriented business. We operate in a highly competitive and mature market, where the introduction of employee benefits above statutory requirements can be a common challenge. With an aspiration to sit at the front of our industry and set a benchmark and example to others, we have created an offering for our people that stands out from the crowd, but there is still much

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Travel and Expenses Process: Strategy, Steps & Best Practices  

Darwinbox

The next few years are expected to bring a boom in business travel. To keep pace and provide employees with a stellar experience -- while staying on budget -- you need a travel and expense process that works. This article explains the 11 steps to design this process, 5 do’s and don'ts, and the 5 factors that your travel and expense process must address.

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Susan Gee: Can employers’ healthcare benefits fill the gap between private and NHS services?

Employee Benefits

Offering employee benefits to support access to private healthcare can be cost-effective for employers in the UK, given the demands and waiting times on the NHS. While private healthcare services can be more expensive than NHS services, the benefits of reduced waiting times and improved access to care can have a positive impact on employees’ health and wellbeing , which can lead to reduced absenteeism, increased productivity, and lower healthcare costs in the long term.

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What Happens to My 401(K) if I Quit

HR Digest

If you’ve ever wondered what happens to your 401(K) when you leave a job, you’re not alone. In fact, it’s one of the most common questions employees ask when they intend to leave their jobs and make a 401(K) withdrawal. That’s why we’ve decided to tackle this question in today’s blog post. So what happens to your 401(K) when you quit or are fired?

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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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Nick Pahl: Can employers’ healthcare benefits fill the gap between private and NHS services?

Employee Benefits

Employers will be concerned that high NHS waiting lists are blocking their employees with ill health issues from either staying, or returning to work after sickness absence. However, it is not only the NHS waiting lists that are to blame; sickness absence is now the key contributor to increased levels of economic inactivity, with a significant bearing on growth.

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3 Ways to Prepare Your Employees for a 2023 Recession

Best Money Moves

3 ways to prepare your employees for a 2023 recession. Financial experts predict a possible 2023 recession. Here are 3 key strategies to consider to help employees through a recession. Economists say there is a 60/40 chance that the US will face a recession in 2023, according to a survey conducted by the Wall Street Journal. This news follows a year where significant inflation and climbing interest rates challenged employee financial confidence.

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Some questions about AI, a world drowning in content and the human centipede of creativity

Workplace Insight

One unintended but welcome result of the new fixation with AI is that many of the people who became experts on the workplace in 2020 are now experts on AI. You’ll find them on social media and they’ll have written a book about it by May to sit on the shelf alongside the one about hybrid working and The Great Resignation. So, if you want some certainty about where generative AI taking us, go talk to one of them because people who know about the subject seem to have little or no idea.

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Defining a four-day workweek and assessing the impact

Business Management Daily

What is a four-day workweek? It’s not a trick question. Is it four 10-hour days or four eight-hour days? If it’s the former, you risk employee burnout. If it’s the latter, you’re betting employees can work smarter by doing the same work in 80% of the time. Four-day workweeks of either kind are being floated as part of the answer to recruiting employees in a still resilient (read: tight) labor market.

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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.