PayrollOrg
NOVEMBER 30, 2023
In this December 2023 edition of Compliance TV: IRS Announces 2024 COLAs for Transportation Fringes, FSA Deferrals, Foreign Earned Income Exclusion, and More; Two States, Virgin Islands Subject to FUTA Credit Reduction for 2023; SSA Offers Tips to Employers Before Filing Season Begins; IRS Provides More Information on ERC Withdrawal Process.
Employee Benefit News
NOVEMBER 30, 2023
Baby boomers may be wealthier, but millennials have benefited from a number of retirement reforms, new research shows — and they still have more time to save.
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Employee Benefits
NOVEMBER 30, 2023
Unhappy employees take nine more sickness days on average per year as opposed to their happier counterparts, according to new research by WPI Economics. Commissioned by employee benefits provider Unum UK, the survey of more than 4,000 UK employees revealed that this is costing the economy £11 billion per year through lost productivity, and that the average unhappy, unproductive worker loses nine hours of productive time per week.
Proskauer's Employee Benefits & Executive Compensa
NOVEMBER 30, 2023
The Second Circuit recently held that in order to state a claim for a prohibited transaction pursuant to ERISA section 406(a)(1)(C), it is not enough to allege that a fiduciary caused the plan to compensate a service provider for its services. Instead, “the complaint must plausibly allege that the services were unnecessary or involved unreasonable compensation.
Speaker: Sean Raible
Picture a workplace where physiological safety is not just an aim but a reality, driven by thoughtful employee benefits that prioritize mental health, wellbeing, and DEI. 🤔 ✨ Achieving this vision requires more than just occasional training sessions and employee assistance programs. Moving beyond the basics, this vision calls for a holistic approach that integrates these elements into your company culture as well as your HR and benefits strategy.
Employee Benefits
NOVEMBER 30, 2023
Why is it always me that gets seconded to work on mergers and acquisitions? What makes it worse this time, is they have sent me to Coventry. Literally. I have to work there three days a week to help with preparing for the sale. It is ridiculous because the data ‘room’ is virtual anyway, but all the key Higher Beings involved in the project work out of that office and someone has decided I should be there too.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
Employee Benefit News
NOVEMBER 30, 2023
Tina Wang, VP of HR at ADP, breaks down how small businesses can retain new talent despite their financial limitations.
PeopleKeep
NOVEMBER 30, 2023
If you offer employee benefits to workers in the United States, there’s a very good chance they fall under the regulations of the federal Employee Retirement Income Security Act of 1974 (ERISA) 1. Congress enacted ERISA to protect the interests of employees who participate in your benefit plans. It set minimum standards and created documentation requirements to ensure employees receive the benefits they’re entitled to.
Employee Benefit News
NOVEMBER 30, 2023
The CEO of Good Jobs KC explains how he's creating work pathways for young people, and why it's critical to understanding the needs of Gen Z.
Qandle
NOVEMBER 30, 2023
Offboarding is a crucial aspect of the employee lifecycle that often receives less attention than onboarding. However, a well-structured offboarding process is equally essential for maintaining positive employer-employee relationships, preserving institutional knowledge, and ensuring a smooth transition. In this blog, we’ll delve into the key components of an effective offboarding process, exploring its significance, best practices, and potential challenges.
Advertiser: Paycor
There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.
InterWest Insurance Services
NOVEMBER 30, 2023
American employers are trying to meet their workers’ mental health needs as they struggle with burnout and stress from their jobs and finances, according to a new report. The annual “ Aflac WorkForces Report ” found that more than 50% of American workers experience burnout in their workplace. Additionally, 57% experience work-related stress, with heavy workloads the biggest stressor among young workers.
BetterUp
NOVEMBER 30, 2023
What is a career path? It's a long-term plan that includes specific jobs that lead to desirable occupation. Discover types of career paths with examples.
Employee Benefit News
NOVEMBER 30, 2023
Experts in tech and HR share their insight on what happened at the leading AI company — and how organizations across every industry can avoid it.
International Foundation of Employee Benefit Plans
NOVEMBER 30, 2023
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 by Morgan, Lewis & Bockius LLP. The U.S. District Court for the […] The post Legal & Legislative Reporter: Court Allows a Life Insurance Conversion Dispute to Move Forward appeared first on Word on Benefits.
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In today’s dynamic work landscape, where the lines between personal and professional life blur, understanding the intricate interplay between social determinants of health (SDoH) and emotional wellbeing is paramount. Employers must acknowledge that the whole person comes to work and every aspect of a person’s personal and professional life, especially their mental health, comes with them.
Employee Benefit News
NOVEMBER 30, 2023
A sale would remove one obstacle to a tie-up between Cigna and Humana, a combination sure to face antitrust scrutiny.
McDermott Will & Emery Employee Benefits
NOVEMBER 30, 2023
California Governor Gavin Newsom recently signed Assembly Bill 352 and Assembly Bill 254 into law, effective January 1, 2024. Through these new laws, California seeks to mitigate the risk of out-of-state prosecution of individuals seeking abortions or gender-affirming care. These bills include significant changes to California privacy and health information interoperability laws that will impact […] The post California’s New Reproductive Privacy Laws Create Information-Sharing Complexities
BetterUp
NOVEMBER 30, 2023
Jump to section What are vocational skills? What’s a vocational skill everyone needs to learn?
Employee Benefit News
NOVEMBER 30, 2023
The shift to a SUB plan maximizes benefits while minimizing costs.
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The pressure is on to create a positive onboarding experience. Plus, a sub-par onboarding process can domino into other concerns such as low performance, burnout (for you and new hires), and retention challenges. Our 2024 State of HR report will give you a realistic picture of the HR landscape and tips to onboarding effectively in the year to come.
Workplace Insight
NOVEMBER 30, 2023
Generative AI will have a much greater impact on white collar roles than blue collar ones over the next 10 years, according to a new report from Pearson. In at least ten white collar roles, more than 35 percent of tasks could be done by AI, with medical secretaries (41 percent) predicted to be the most impacted. Conversely, every of one of the top 10 least impacted are classed as blue collar, revealing launderers, dry cleaners and pressers (0 percent) as the UK’s most AI-proof job.
Proskauer's Employee Benefits & Executive Compensa
NOVEMBER 30, 2023
Public companies nationwide have spent their summer and fall compensation seasons finalizing compensation clawback policies ahead of the December 1, 2023 deadlines set by the New York Stock Exchange (the “NYSE”) and the Nasdaq Global Market (“Nasdaq”), as applicable, as mandated by Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”).
Workplace Insight
NOVEMBER 30, 2023
Walking into Bristol-based artist Gail Reid’s studio, I literally stopped in my tracks! There it was a painting of everything I had been researching and writing about with workplace strategist Chris Kane for our book “Where Is My Office?” both pre-and post-pandemic. Gail, was a Semi-Finalist in this year’s Sky Art’s Portrait Artist Of The Year – alas she didn’t make the final – although she impressed everyone with her talent and charisma.
Employee Benefits
NOVEMBER 30, 2023
Black, African, Caribbean or Black British UK employees earned less than White employees in 2022, with medians of £13.53 and £14.35 per hour respectively, according to new research by the Office for National Statistics (ONS). After using personal and work characteristics to provide an adjusted pay gap based on a like-for-like comparison, the findings highlighted that UK-born White employees earned more on average than most ethnic minority employees.
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Discover how Color's comprehensive care solution is revolutionizing cancer screening adherence and knowledge. Through an in-depth case study, Color's unique approach to comprehensive cancer care has shown significant benefits in increasing screening rates and enhancing patient knowledge. Participants reported a 2-3x increase in adherence to screening guidelines over just 8 weeks, with 84% of participants increasing their familiarity with timing and frequency of cancer screening.
Bayzat
NOVEMBER 30, 2023
The payroll function of any company is crucial, and the calculation of overtime pay before processing employee payments is an essential aspect of it. In the United Arab Emirates (UAE), there are specific laws and regulations that govern how employers should handle overtime pay for their employees. However, this process can often be confusing and complicated for employers to follow.
Employee Benefits
NOVEMBER 30, 2023
Multinational contract foodservice firm SSP Group has appointed Ann-Marie Murphy as its new chief people officer. Murphy will take up the role early next year. She will join from The Gym Group, where she has worked since 2018, initially in the role of director of people and development, later as chief people officer, where she set up its people function, designing and delivering strategies for talent, learning and development, performance, inclusion , and reward, and finally as chief operations
Darwinbox
NOVEMBER 30, 2023
Are you struggling to keep track of your business goals and ensure alignment across teams? Look no further than OKR (objectives and key results) software. In this ultimate guide, we will explore what OKR software is, how it helps businesses align their goals and track progress, the key features it offers, the benefits of using it, how to choose the right software for your organization, and tips for successful implementation.
Employee Benefits
NOVEMBER 30, 2023
What are home technology schemes ? A home technology scheme allows employees to purchase a new piece of technology and spread the cost through monthly payments. Employees are able to purchase things like smartphones, tables, televisions, smart watches and fitness trackers, as well as large and small domestic appliances. Employees are able to purchase products from popular brands, such as Apple, Nintendo and Samsung.
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Discover essential strategies for employers to balance cost optimization with care. The top priorities for employers in 2024 are retaining talent, growing revenue and sales, and attracting talent. To achieve these goals, employers are turning towards comprehensive total rewards strategies informed by data-driven insights. Hear from industry experts on cost optimization strategies and how to leverage these approaches for a healthier workforce.
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