Tue.May 23, 2023

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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.

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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.

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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

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

Employee Benefit News

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Combatting the Effects of Inflation: Keeping Benefits Competitive While Cutting Cost

Speaker: Jaye Johnson, CBP - Employee Benefits and Total Rewards Leader, World at Work Content Author, and Speaker

After years of facing the global pandemic, we are now struggling with a new problem: inflation. No one could have predicted the impact of inflation on employee benefits and how it affects both employees and employers. Employers are now trying to maintain or lower the cost of benefits while competing for talent in a competitive and tight labor market, but the rising costs of consumer goods and healthcare make it extremely difficult to consider increasing their benefit offerings.

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Many people think workplace is a greater source of stress than a relationship breakdown

Workplace Insight

A new poll claims that workplace stress is seen as having a greater impact by many people, compared to relationship breakdowns. According to the survey conducted by Westfield Health, more than a quarter of workers (27 percent) ranked their job as more stressful than a relationship breakdown (8 percent). These worrying statistics highlight the negative effects of workplace stress on individuals, surpassing even stressful personal circumstances.

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

Employee Benefit News

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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.

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More US women are working than ever, reversing pandemic slump

Employee Benefit News

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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.

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Unleashing AI in Recruitment: The Ultimate Guide

Discover the power of AI in recruitment with Paycor’s complete guide. Learn how to streamline your hiring process, increase interview pipeline, uncover candidates other tools miss, and save time. Get ready to revolutionize your talent acquisition strategy today!

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Creating more opportunities for mobility with apprenticeships

Employee Benefit News

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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

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

Employee Benefit News

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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.

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How Can You Aggressively Manage Benefits Affordability?

Speaker: Alex Anderson - Total Rewards Strategist at Lockton Companies | Leo Tokar - President, People Solutions and Partner at Lockton Companies

Benefit cost increases regularly eclipse all other costs for organizations, yet bringing costs down is illusive. Now corporate priorities are swinging from solely a focus on talent to the need to actively manage benefit expenses, but no one wants to reduce benefits or ask employees to pay more. Join two total rewards experts, Alex Anderson and Leo Tokar, for an in-depth discussion on tactics to efficiently and effectively control and manage benefit cost.

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From personal milestones to great work, Allstate helps employees celebrate their wins

Employee Benefit News

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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.

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Bystander intervention training is a workplace necessity

Business Management Daily

In 2022, the city of Chicago added bystander intervention training to its workplace training requirement. Chicago companies must provide one hour of bystander intervention training annually for their employees. Some places, including New York City, already include bystander training as a component of sexual harassment prevention training. Chicago became the first to make it a separate requirement, but there’s no reason to think it will stop at Chicago.

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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.

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HR and Employee Healthcare Reform: Keys to Increasing Employee Wellness and Retention

Speaker: Mallory Herrin, CEO & Principal HR Consultant at HerrinHR

Your employees are your most valuable resource. If you want to retain employees and keep them happy, you want to make the incentives more valuable. With a full-stack employee experience, culture, health, wellness and benefits navigation solution, you can provide employees with the wellbeing support they need. The results? Employees who are happier, healthier, and more engaged, as well as a business that is thriving both internally and externally, every day.

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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

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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

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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.

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Boost the Employee Experience by Embedding Your Business within Your Community

Sodexo Engage

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The 5 Types of Hourly Workers: An HR Guide to Recruiting and Retention

All hourly workers want similar things, but when it comes to recruiting & retention, it helps to understand personal motivations. Download Paycor’s guide to learn how to find & keep the 5 types of hourly workers.

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BCO Awards for Central England continue focus on wellbeing and the environment

Workplace Insight

What are claimed to be the Midlands and Central England’s most outstanding workplaces have been announced, with British Council for Offices Awards going to five office buildings across the region. Held at ICC in Birmingham, the BCO Awards for the region set out to recognise projects that demonstrate best practice in office design, fit-out, operation and sustainability.

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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.

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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.

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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.

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Cancel Quiet Quitting: Detoxing Corporate Culture & Engaging Top Talent

Speaker: Jennifer Brick, Career Strategist and Author

Your employees have checked out. The last few years have been a wild ride, with countless changes to how we work and our workplace cultures, like the sudden shift to remote work, the return to office, and trends like quiet quitting. With productivity, profitability, and your employer brand on the line, leadership is turning to HR to engage employees and recreate your culture in different working models.