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Employee Benefit News
MAY 31, 2023
Money Talk
MAY 31, 2023
As I noted in a previous post , I periodically summarize notes taken from various webinars that I think might be useful to others. Below are seven information tidbits that caught my eye: Defensive Investing- Financial markets were volatile in 2022 and, for a while, “there was no (good) place to hide.” Stocks and cryptocurrencies experienced big drops in value, bond prices decreased when interest rates rose, and cash assets were eroded by high inflation.
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PayrollOrg
MAY 31, 2023
PayrollOrg’s Government Relations Task Force State and Local Topics Subcommittee offered concerns and recommendations about Missouri S.B. 452.
Employee Benefits
MAY 31, 2023
What are group dental plans? Dental plans are a type of insurance or cash plan that specifically cater for oral health, helping staff afford regular dentist visits for preventative and routine care, such as accident and emergency cover, crowns, implants and fillings, as well as larger issues such as treatment for oral cancer. Dental cover can either be provided in the form of traditional insurance, where staff can make a claim for the diagnosis and treatment of conditions that develop after taki
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.
AssuredPartners
MAY 31, 2023
First-Time Home Buyers Insurance Guide Buying a home can be one of the largest purchases we make in our lifetime. As if the home buying process isn’t stressful enough, choosing the right insurance can be overwhelming or cause questions to arise. Ensuring our investment is properly protected is a must, so we put together a first-time home buyers' insurance guide to help you navigate the process: Evaluate Insurance Costs With inflation continuing to rise, the costs of building materials have
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
WEX Inc.
MAY 31, 2023
Dental expenses can be a significant financial burden, especially when unexpected dental procedures arise. For those who have health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are opportunities to save money on these expenses. We answer a few common dental-related questions as it relates to your HSA or medical FSA. Can I use my HSA or medical FSA to pay for dental expenses?
Employee Benefits
MAY 31, 2023
Nearly half (46%) of employees aged 18 to 34 believe their organisations could play a more active role in alleviating cost-of-living financial burdens , according to new research. The Sodexo Engage report The mountain of lost benefits: closing the expectation gap found that 53% of employees in the same age group feel more loyal towards their employer if they feel supported at work, but only 18% leverage their benefits to help maximise their salary.
Best Money Moves
MAY 31, 2023
3 ways financial stress impacts different generations. Learn more about how financial stress can vary across generations — plus what you can do to dial down your employees’ financial worries. Money habits vary across the generations in your workforce. After all, the financial needs of a Gen Z employee are going to be different than those of Baby Boomer.
Darwinbox
MAY 31, 2023
According to Gartner, IT executives see the talent shortage as the most significant adoption barrier to 64% of emerging technologies, compared with just 4% in 2020. The answer to combating this shortage lies in talent management. The article highlights the importance of talent management in IT and ITeS enterprises. The dynamic nature of these industries and the constant need for upskilling employees make it essential for organizations to invest in talent management.
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.
15Five
MAY 31, 2023
We are excited to announce that 15Five has won a prestigious Talent Management HR Tech award from Lighthouse Research & Advisory. For over ten years now, the Lighthouse team has been serving HR, talent, and learning professionals with practical research and advice. The purpose of this award program is to help buyers and employers understand some of the best companies in the industry for technology selection needs.
Darwinbox
MAY 31, 2023
According to Gartner only 28% of CHROs surveyed are confident in their HR function's ability to execute workforce planning successfully. Workforce planning has become a critical business function, and it is no longer just about staffing. This article will explore the varied requisites of workforce planning among businesses, the types of workforce planning, the trends affecting the planning process, and how technology can aid the planning process.
McDermott Will & Emery Employee Benefits
MAY 31, 2023
For decades, promoters have marketed programs to employers seeking to leverage the favorable tax treatment accorded employer-provided medical benefits. These programs are variously described as “wellness” or “preventive services” arrangements, and they are usually wrapped in or offered with hospital indemnity policies. While varying in their design features and terminology, these programs all hold out […] The post Buyer Beware: The Newest Wave of Hospital/Fixed Indemnity Programs Promising
15Five
MAY 31, 2023
One-on-ones are an essential part of performance management. The meeting between a manager and direct report is uninterrupted, pre-scheduled time to discuss work projects, problem solve, remove blockers, and discuss professional goals and career development. There’s no one-size-fits-all one-on-one template to follow. But by using the framework outlined below, you’ll get the most out of your one-on-ones and run a customized meeting that fits the needs of your organization and direct reports.
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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.
HR Lineup
MAY 31, 2023
In today’s competitive business landscape, organizations are increasingly realizing the importance of employee satisfaction and engagement. Happy and motivated employees not only contribute to a positive work environment but also play a crucial role in driving business success. To assess the overall sentiment and loyalty of employees, many companies have adopted the Employee Net Promoter Score (eNPS) as a valuable metric.
Employee Benefits
MAY 31, 2023
Cheshire-based B2B PR and communications agency Skout has become 100% employee owned through an employee ownership trust (EOT) to secure its long-term independence. The EOT now has a 100% controlling interest in the business, acting as a guardian of its values and culture , and ensuring its direction remains in employees’ best interests. Founder Rob Skinner and director Claire Lamb will continue to serve on the management team for the foreseeable future.
Assurance Agency
MAY 31, 2023
Nuclear verdicts happen when a claim goes to trial and a large and unexpected financial penalty is awarded, usually over $10 million. Plaintiff attorneys are successful in getting juries to award these large sums by playing into fear, sympathy and the hope similar incidents will be prevented because of it. Not only are the financial penalties steep, nuclear verdicts also cause insurance renewals to see significant premium increases.
Employee Benefits
MAY 31, 2023
Virgin Media O2 employees have accepted a pay deal that includes consolidated rises in excess of 7, 8 or 9% this year, as well as a £400 cash lump sum to be paid in June. A total of 86.5% of staff, who are represented by trade union Communication Workers Union (CWU), voted in agreement of the offer, which is largely aimed at those earning up to £50,000 per annum.
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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.
HR Digest
MAY 31, 2023
As June unfolds, marking Pride month in the United States, our social media feeds become inundated with vibrant rainbow logos, particularly the “Philly Pride” variant adorned with black and brown stripes, accompanied by the rallying cry of “Love Is Love.” However, these once-revolutionary expressions seem to be losing traction among a diverse range of individuals, including members of the LGBTQ+ community—those for whom these gestures of solidarity were originally intende
AssuredPartners
MAY 31, 2023
As professionals in the field of senior living, it is essential to stay up-to-date with the latest advancements, best practices, and emerging trends. AssuredPartners Senior Living’s complimentary webinar series has been designed to provide valuable insights and continuing education credit. Expert Speakers: Our webinar series features an esteemed lineup of expert speakers who are leaders in the senior living industry.
Shareforce
MAY 31, 2023
An employee incentive plan is a compensation structure that rewards and encourages staff to work harder and achieve specific goals. Through incentive plans, businesses can increase retention rates, reward valuable staff, increase productivity, maximise profits, achieve company-set objectives and encourage staff to invest more in the organisation’s success.
Professionals Alternative
MAY 31, 2023
Unleashing Growth: The Role of an Outreach Coordinator Photo by GreenbeltCoop on Pixabay In today’s competitive business landscape, organizations need to constantly evolve and adapt to stay ahead of the curve. Unleashing growth and driving expansion are critical aspects of remaining competitive and ensuring long-term success. One key role that plays an instrumental part in the execution of growth strategies and business expansion initiatives is the Outreach Coordinator.
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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.
InterWest Insurance Services
MAY 31, 2023
Each year, InterWest recognizes employees who are identified by their co-workers as having demonstrated an extraordinary commitment to their clients, workmates as well as their community. This partnership between work and giving back makes them stand out for their invaluable contributions. Kelley Hoag Account Executive, Employee Benefits Department Chico, California Kelley manages a significant number of large and sophisticated clients, many of which have multiple complex and ongoing projects.
McNees
MAY 31, 2023
McNees’ Benefits Group will be issuing a “ Did you know? ” series throughout the year providing short compliance reminders. Did you know that qualified retirement plans may now allow a participant with a terminal illness to receive distributions from their retirement accounts without incurring the usual 10% penalty? The employer will need to amend the retirement plan to allow for such distributions.
HR Lineup
MAY 31, 2023
Podio is a web-based collaboration and project management platform designed to help teams and businesses streamline their workflows and improve productivity. Developed by Citrix, Podio offers a flexible and customizable workspace that enables teams to organize, communicate, and collaborate on various projects and tasks. At its core, Podio provides a centralized hub where team members can create workspaces, known as “Pods,” to organize and manage their projects.
Employee Benefits
MAY 31, 2023
Following the UK government’s commitment in March 2022, on 17 April this year it published its guidance on ethnicity pay gap reporting. Unlike gender pay gap reporting, ethnicity pay reporting is voluntary. Many elements of the government’s guidance align with gender pay gap reporting guidance, particularly the calculations. The guidance acknowledges that ethnicity pay reporting is more complex than gender pay reporting.
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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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