Tue.May 23, 2023

article thumbnail

Forfeiture Guidance for Retirement Plan Sponsors

International Foundation of Employee Benefit Plans

On February 27, 2023, the Internal Revenue Service (IRS) issued a proposed rule to clarify the use of forfeitures in qualified defined contribution (DC) and defined benefit (DB) retirement plans. The rule would take effect for plan years beginning on or after […] The post Forfeiture Guidance for Retirement Plan Sponsors appeared first on Word on Benefits.

article thumbnail

Despite the Time and Cost, Why Does a College Degree Matters?

HR Digest

As a college student you must have been told a zillion times by guidance counselors, teachers and parents that you need to attend college to earn a good living, but is a college degree worth it? Should you go to the college? While many people debate the value of a college education in today’s economy, a college education is a crucial investment that can transform one’s life in countless ways.

Education 101
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IS FINANCIAL ANXIETY DISRUPTING YOUR BUSINESS?

Employee Benefits

#TOHELPMYANXIETY It’s Mental Health Awareness Week, and this year, the focus is on anxiety. “Anxiety is a normal emotion in all of us, but sometimes it can get out of control and become a mental health problem.” Mental Health Foundation (MHF) Everyone gets anxious from time to time, and there are many causes. However, with the cost-of-living crisis impacting the nation’s mental health; this year MHA Week is bringing attention to financial anxiety.

article thumbnail

Office giant Sedus announces partnership with Watson Furniture Group

Workplace Insight

Sedus Stoll AG, the Germany based office furniture giant, and US based Watson Furniture Group have announced a new global partnership. The deal was signed at last year’s Orgatec office furniture exhibition. For both companies, the global partnership is seen a logical next step in the development of their businesses, the firms claim. Shared values and similar market strategies and expertise in the areas of technology and manufacturing are an excellent stepping stone to strategic cooperation

article thumbnail

Creating a Company Culture of Care: Integrating Mental Health, Wellbeing, and DEI in Benefits

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.

article thumbnail

Get the Scoop on California’s Bereavement Leave Law

InterWest Insurance Services

The California Civil Rights Department (CRD) recently released a detailed set of frequently asked questions about a new bereavement law that requires employers in the state with five or more workers to provide leave for up to five days to a worker who loses an immediate family member. The law, which took effect Jan. 1, 2023, covers bereavement leave upon the death of a: Spouse Child Parent Sibling Grandparent Grandchild Domestic partner, or Parent in-law.

More Trending

article thumbnail

Work Comp Academy 2023

Florida Workers' Comp

The Work Comp Academy 2023 came off last Friday (May 19) without a hitch. It was billed as bringing over 1,000 years of workers' compensation experience to benefit the next generation in this space. It may have fallen short of that mark with last-minute withdrawals of a couple of speakers, but it came close nonetheless. It was attended by a spectrum of lawyers from across the state, from Panama City to Jacksonville, and south to Miami.

article thumbnail

Update Future Financing Act – Focus on Employee Participation in Germany

McDermott Will & Emery Employee Benefits

On April 12, 2023, Germany’s Federal Ministry of Finance and the Federal Ministry of Justice published the draft bill for a law on the financing of future-proof investments (Zukunftsfinanzierungsgesetz – ZuFinG-E). This proposed legislation seeks to enhance the performance of the German capital market and bolster the appeal of Germany as a financial hub within […] The post Update Future Financing Act – Focus on Employee Participation in Germany appeared first on EMPLOYEE BENEFI

Finance 78
article thumbnail

Supporting Employee Financial Wellness During Times of Economic Uncertainty

Flimp Communications

Economic uncertainty has a deep impact on your employees, which impacts your bottom line. You can increase their salaries, yes, but here are some other ways to support your employees through uncertainty. The post Supporting Employee Financial Wellness During Times of Economic Uncertainty appeared first on Flimp.

Salary 68
article thumbnail

Gaia Underfloor Heating introduces mental health training for staff

Employee Benefits

Underfloor heating specialist firm Gaia Underfloor Heating has provided its workforce with training to promote mental health and staff wellbeing. In order to increase awareness of mental health issues and remind employees of the available resources, staff took part in a training programme provided by People HR and completed various modules as part of their personal development and wellbeing.

article thumbnail

New DOL Final Overtime Rules: Quickstart Guide for Employers

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.

article thumbnail

Winning a Domestic Federal Government Contract

AssuredPartners

When you win a contract with the federal government, it’s important to understand that you are subject to numerous rules, regulations, and laws as a government contractor. Compliance with the Service Contract Act and the Davis-Bacon Act are just two of the major domestic requirements that are a must for any contractor. The McNamara-O’Hara Service Contract Act (SCA) of 1965 is one of the most important laws that contractors must comply with domestically for federal contracts over $2,5

article thumbnail

Hobbycraft and Softwire named Best Companies to Work For Q2 2023

Employee Benefits

Credit: Peter_Fleming / Shutterstock.com Craft retailer Hobbycraft and software firm Softwire were named among the Best Companies to Work For in Q2 2023. The Best Companies league tables for small, mid-sized, large and big employers were revealed during a live event at Salford’s MediaCity last Friday. Businesses were ranked using a methodology that included employees’ responses to an engagement survey, which produced a Best Companies Index score.

article thumbnail

FUTURE Designs launches NARO an adaptable, super-slim track light system

Workplace Insight

FUTURE Designs, the international designer and manufacturer of luminaires and lighting solutions, has launched its latest ultra-thin lighting design, NARO. Subtle in design, the aesthetic makes NARO architecturally neat and understated. Being only 22mm wide, NARO caters for the ever increasing demand for thinner minimal profiles. The innovative product has the creative adaptability to form countless configurations in square or linear formations, offering flexibility for any brief.

article thumbnail

Humber Teaching NHS Foundation Trust launches pregnancy loss leave

Employee Benefits

Humber Teaching NHS Foundation Trust has introduced paid leave for employees who experience pregnancy loss and the premature arrival of new babies. Employees who experience a miscarriage before the 24th week are now entitled to two weeks of paid leave , while a partner can take to up to five days of paid leave. The trust’s early childbirth leave allows employees whose babies are born early to receive additional maternity leave at full pay, with partners receiving an additional two weeks at full

article thumbnail

6 Strategies to Navigate Social Determinants of Health for a Better Workplace

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.

article thumbnail

Casala launches Omega – a new but classically beautiful chair with outstanding environmental credentials

Workplace Insight

Sustainable office design pioneer Casala has added to its portfolio of ground-breaking products with the launch of the Omega range of seating. Omega is a stylish and comfortable seating range, unmistakeable thanks to its slender shell made from recycled PET felt, combined with a lightweight steel frame. The diversity of the product family makes Omega a multifunctional all-rounder for the office, receptions, hospitality and break out spaces.

article thumbnail

The Power of Digital Transformation in Collections Workforce

Professionals Alternative

The Power of Digital Transformation in Collections Workforce In the fast-paced and evolving collections industry, hiring top talent is crucial for maintaining a competitive edge and driving success. As a hiring manager, it’s essential to understand how to attract and retain the best professionals in this digital age. This blog explores the strategies and considerations that can help you effectively navigate the hiring landscape in collections.

Media 52
article thumbnail

Tax Court Decision Interprets Profits Interest “Safe Harbor” under IRS Rev. Proc. 93-27

Proskauer's Employee Benefits & Executive Compensa

The Tax Court’s May 3, 2023, decision in ES NPA Holding, LLC v. Commissioner (T.C. Memo 2023‑55), upholding a taxpayer’s position to characterize a partnership interest as a profits interest under the “safe harbor” of IRS Revenue Procedure 93-27 (as clarified by IRS Revenue Procedure 2001-43 ), provides helpful guidance to issuers of profits interests, including private equity funds and other investment partnerships and their portfolio companies.

Taxes 52
article thumbnail

The ROI of Performance Management: Measuring What Matters

Bayzat

Last Updated on May 23, 2023 by user Every manager and CEO knows that people make businesses succeed or fail. But managing employee performance is still too often an afterthought. In reality, if you want to make the most out of your business practices, you need to know the ROI in performance management. Performance management systems can be the key to unlocking the most out of your employees.

article thumbnail

HR Trends to Watch in 2024 + Plus Advice for Driving Impact!

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.

article thumbnail

Bereavement and compassionate leave: a guide for employees

cipHR

Many people don’t pay attention until their employers’ bereavement and compassionate leave policies until they need to use it. Here’s what you need to know If a loved one is ill and you need to take time off from work to look after them, do you know how compassionate leave can help? If you sadly lose a loved one, do you know what you’re entitled to under bereavement leave?

article thumbnail

Recruitment Process Outsourcing Research: Value and Impact

UpstartHR

“And speaking of changing expectations and what’s socially acceptable, this challenge of ghosting is going through the roof, and I’ve got bad news for you. It’s gonna get worse. When we look at the data on ghosting, we see that it’s actually age correlated. So someone who is 25 is more likely than someone who’s 35, who’s more likely someone who’s 45, and so on.

article thumbnail

Gen Z wants the office experience — but are employers ready to invest?

Employee Benefit News

article thumbnail

Hiring Trends To Be Aware Of In 2023

Genesis HR Solutions

Where did all the workers go?! The deficit of workers in the United States is real—in the U.S., we have 3 million fewer Americans working today compared to February of 2020. Post-pandemic, employees have disappeared from their workplaces: taking early retirement, staying home due to lack of childcare, reevaluating their priorities, taking opportunities to work part time, and, in some cases, simply deciding to work less and get along with less income.

article thumbnail

Improving Access To & Utilization Of Cancer Screening With Color

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.

article thumbnail

At every stage of caregiving, employees crave more support from their employer

Employee Benefit News

article thumbnail

Cell Phone Addiction: How to Spot It

BetterUp

Jump to section What’s the definition of cell phone addiction? Why are cell phones addictive?

IT 52
article thumbnail

Tech leaders are ignoring toxic behavior, say 43% of workers

Employee Benefit News

article thumbnail

The Power of Self-Help Books

BetterUp

Jump to section Who are self-help books for?

52
article thumbnail

Balancing Cost and Care: 3 Key Considerations for Cost Optimization in 2024

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.