Thu.Oct 13, 2022

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7 great tips for making employees happy

Achievers

When you think of your company, the first things that come to mind might be your customers, your products, and, of course, your team. There are many ways to describe the ideal team, like productive, loyal, and collaborative. These are all great terms, but from their own perspective, most employees — and people — simply want to be happy. You know what it feels like to be happy, but what does it look like across an entire workforce?

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Money-Saving Tips for Financially Challenging Times

Money Talk

With increasing costs for so many basic necessities, 2022 has been a tough year financially. Many families are trying to “claw back” (a.k.a., recover) the purchasing power that inflation has taken away through a financial “triaging” strategy of increased income, reduced spending, and/or changes in shopping habits and product and service purchases. Looking for ways to improve your cash flow to counterbalance the higher costs associated with inflation?

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Christmas in the Office: How to remain inclusive

Sodexo Engage

Summary: It's the thought that counts? An inclusive approach to gifting. eVouchers, Voucher Cheques, and Gift Cards. Employee Discounts. Employee Cashback Card. The gift of wellbeing and balance. How Sodexo Engage can help with employee Christmas rewards. CHRISTMAS IN THE OFFICE: HOW TO REMAIN INCLUSIVE. Your workforce is unique and diverse in interests, beliefs, and backgrounds.

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October HR News Worth Review

Higginbotham

IRS Finalizes Change to Family Coverage Affordability Rules. On Oct. 11, 2022, the IRS released a final rule that changes the eligibility rules for premium tax credits (PTCs). PTCs are available to eligible individuals who purchase health insurance coverage through an Exchange. Individuals are not eligible for the PTC if they have access to employer-sponsored health coverage that is affordable and provides minimum value.

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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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Additional Cafeteria Plan Changes in Effect January 1, 2023: IRS Notice 2022-41 and Family Coverage Affordability

AssuredPartners

IRS Notice 2022-41. On October 11, 2022, the Internal Revenue Service (IRS) issued Notice 2022-41 , which will effectively expand the existing application of the change-in-status rules allowable under a Section 125 Cafeteria Plan. As a result of this Notice, on and after January 1, 2023, participants in a Sec. 125 Plan (other than a Flexible Spending Arrangement (FSA)) are permitted to revoke or modify an existing election for family coverage during a plan year in order for one or more family me

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What Is the ABC Test, and How Can Small Business Owners Comply?

Patriot Software

The laws surrounding worker status have long been ambiguous. Deciding whether a worker is an employee or independent contractor has been largely left up to the employer’s discretion. Not anymore. Thanks to California’s 2018 court ruling, workers are now presumed to be employees. If you think that employers in California are the only ones affected […] READ MORE.

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More Rust

Florida Workers' Comp

The subject of gun safety is not new to these pages. See Safety First (November 2021) and Workplace Gun Safety (August 2022). Essentially, workplace safety is everyone's job. Period. There have been investigations into the workplace shooting of Halyna Hutchins, and according to NBC News , it remains under police investigation. Civil suits were instigated against several, including the movie's producers, which is of interest.

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IRS Extends ACA Affordability to Other Tiers of Coverage

Griffin Benefits

Earlier this year the IRS announced proposed regulations extending ACA affordability to other tiers of employer-sponsored group medical coverage (employee + child/spouse, family, etc.). Today the IRS released final regulations. Previously, ACA affordability was based solely on the employee-only tier of coverage. If an employee was offered affordable, minimum-value coverage, the spouse and dependent children would not be eligible to purchase subsidized coverage on the exchange.

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Remote Workers Find Benefits Selection Difficult

InterWest Insurance Services

A new survey has found that remote workers have a more difficult time choosing benefit plans that are the right fit for them compared to their colleagues who work on-site or have hybrid remote-office schedules. The poll by MetLife found that nearly half of remote workers struggle to understand their employee benefits. As a result, these workers may end up choosing plans that do not meet their needs and they may also spend more time on trying to choose their benefits.

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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.

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A Breakdown of the Colorado Occupational Privilege Taxes

Patriot Software

A handful of cities in Colorado have a local tax called an occupational privilege tax. Both employees and employers owe it. If you’re an employer in Colorado, it’s important to know if you owe the occupational privilege tax and what your city requirements are. What is occupational privilege tax? Occupational privilege taxes (OPT) in Colorado […] READ MORE.

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Career Statement: How to Write One and Why It Matters

BetterUp

Jump to section. What is a career statement? Why are career statements important? How to write a career statement. Career statement examples. Start writing.

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The Lowdown on New York’s ECEP Tax

Patriot Software

If you’re an employer in the state of New York, you may have heard of the Employer Compensation Expense Tax (ECET) that started in 2019. But, did you know that the ECET, established by the Employer Compensation Expense Program (ECEP), is optional? Although you aren’t required to pay the ECET, you may choose to do […] READ MORE.

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The 411 on Employment Background Checks in Stock and Asset Transactions

McDermott Will & Emery Employee Benefits

Employment background checks help employers hire individuals with integrity whom they can trust, and who do not present a risk to the business, other employees, or the customers and clients that the business serves. Buyers in transactions may view target businesses that run background checks as lower risk for employee performance and retention issues.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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A Look at Deferred Compensation Plans

Patriot Software

For many employees, generous benefits are more important than pay raises. There are many benefits options you can offer to attract and retain employees, including deferred compensation plans. Learn what a deferred comp plan is, which types you might offer, how they benefit both employees and you, how deferred compensation tax works, and how to […] READ MORE.

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OKRs vs KPIs: How They Differ and When to Use Each

15Five

What’s more exciting — the Emerald City, or the Yellow Brick Road? Well, it depends on who you ask. Some days, you might need that glittering green city in the distance to stay motivated. But on others, it might be best to focus on the basics — putting one foot in front of the other! That’s why when people ask “OKRs vs KPIs: which is better?” We say: companies should use both OKRs (objectives and key results) and KPIs (key performance indicators) to track their performance.

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Answers to 18 Payroll Questions You Are Dying to Ask

Patriot Software

For some business owners, running payroll might be like learning a foreign language. You are a master of your business idea, not the administrative responsibilities that come with it. Because you might not be familiar with these responsibilities, you might have some payroll questions. Payroll questions and answers When you become an employer, you need […] READ MORE.

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What to Look For In The Best Payroll And HR Companies For Small Businesses

Stratus.HR

Wearing many hats is synonymous with working at a small business. However, there comes a certain point where you either have to hire more help to stay on top of the work or sacrifice quality. While some jobs require an expert to fulfill the position, other roles can be made more efficient by introducing an outsourced solution. . One area with plenty of opportunity to add efficiency with the right outsourced help is HR—a role with many hidden but necessary tasks that could cost you if neglected.

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Employer Insights Report 2024: The State of Cancer

96% of benefits leaders agree: detecting cancer early is the best way to get ahead of rising costs and improve employee health outcomes. So why is it that 82% of employers currently spend significantly more on post-diagnosis care and disease management rather than upstream care? A new survey of 250 benefits leaders who oversee 500 to 50,000 covered lives highlights their perspective on cancer and its burden.

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FLSA Provisions for Recovering Back Pay

Patriot Software

Employees might be entitled to back pay based on several federal and state laws because of the Fair Labor Standards Act (FLSA). The FLSA is a federal law that entitles employees to a minimum wage and overtime wages. When employers don’t give employees at least the minimum wage and overtime wages when required, employees might […] READ MORE.

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Bankruptcy Court Nixes WI Claimant’s Effort to Avoid Paying Med Providers

The Workcomp Writer

Where a Wisconsin worker settled a contested workers’ compensation claim with his employer and its insurer by means of a compromise settlement agreement that called for the payment of $120,000 to the claimant, $30,000 to the attorney that had represented him in the claim, and an additional sum of $400,000 into the attorney’s trust account “ for disbursement to medical providers and lienholders ,” with any balance of the $400,000 to go to the worker and the attorney on an 80/20 basis, the effect

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Calculating Weighted Overtime for an Employee With Multiple Pay Rates

Patriot Software

Do you have an employee who has two or more positions in your business with different pay rates? Does that employee work overtime? If the answers to these questions are yes, you need to know about weighted overtime. Weighted overtime is common in small businesses that pay multiple pay rates to an employee. Learn what […] READ MORE.

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HR’s End-of-Year Checklist: How to Finish Q4 on the Right Foot

BerniePortal

With Q4 upon us, now is the time to ramp up preparation efforts for the end of the year. From employee benefits deadlines, to compliance and legal changes, to creating your vision for next year, HR has a lot on their plates in the final quarter. That’s why we’ve created this HR end-of-year checklist so nothing falls through the cracks during the busy season.

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Bridging the Gap: The Intersection of DEI Initiatives and Employee Benefits

Speaker: Jaye Johnson, CBP

Unlock the secrets to transforming your organization’s employee benefits into a strategic tool for Diversity, Equity, and Inclusion (DEI). During this informative session, we will discuss common pitfalls in traditional benefits and then delve into the essence of DEI in employee-centric benefit offerings. This involves not only defining DEI in the workplace but also understanding the pivotal role that employee benefits play in fostering a diverse and inclusive environment.

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What Is a Taxpayer Identification Number?

Patriot Software

Whether you’re submitting payroll or tax return forms, opening bank accounts, or establishing retirement plans, you need to identify your business. To run your business, you need a taxpayer identification number (TIN). Find out what a federal tax identification number is, types of tax ID numbers, and how to obtain them. What is taxpayer identification […] READ MORE.

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Types of employee reimbursements

PeopleKeep

Nearly every organization has times when they need to reimburse employee expenses. Whether it's for office supplies, moving expenses, travel to an expo, or even health and wellness benefits, it's important to understand the different types of employee reimbursements and how to account for them. In this article, we'll take a look at four key types of employee reimbursements: business expenses, auto mileage and travel, medical expenses, and employee stipends.

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What Is the Difference Between Qualified vs. Nonqualified Plans?

Patriot Software

Deferring compensation is one strategy employees can use to reduce their tax liability. Qualified and nonqualified are the two types of deferred compensation plans. To keep your business legal, learn how qualified vs. nonqualified plans differ. Qualified vs. nonqualified plans Qualified and nonqualified deferred compensation plans are both employee benefits for small business.

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Employees now rank healthcare as more important than salary.

CorpStrat

Employees are now ranking healthcare as more important than salary increases. With healthcare insurance premiums rising again this fall, employers are faced with a unique challenge: revisiting the balance between salary increases, compensation, and benefits. Remember, this is all happening in a competitive market in which employees are no longer as connected to the companies they work for.

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The Employer’s Guide to Early Cancer Detection

A comprehensive early detection strategy for cancer is no longer a nice-to-have for employers; it’s a must. The reality is 1 in 2 women and 1 in 3 men will be diagnosed with cancer at some point in their lives, and the physical, emotional, and financial impact on both employees and employers is great. To help improve your employees’ health outcomes and reduce cancer-related costs, download The Employer’s Guide to Early Detection.