International Foundation of Employee Benefit Plans

JANUARY 4, 2023

According to a recent International Foundation survey report, health care costs are expected to increase by 7% between 2022 and 2023. In response to the cost escalation, health care plan. Read more > The post <strong>Benefit Trends—Health Care Cost-Containment Strategies</strong> appeared first on Word on Benefits.

Employee Benefits 92

Employee Benefits 92

Money Talk

JANUARY 4, 2023

Last month, I presented my eighth annual (2022) Personal Finance Year in Review webinar for OneOp. Below are dozens of important events and trends from the past year: High Inflation- The consumer price index (CPI) started out the year at a 12-month percentage change of 7.5% in January 2022, reached a year-to-year high of 9.1% in June 2022, and stood at 7.1% in November.

Finance 242

Finance Banking Taxes Food 242

Employee Benefits

JANUARY 4, 2023

Employment laws on harassment, discrimination and privacy of workers are well established online and in the office, but applying these rules in the metaverse raises novel risks and challenges. In the employment sphere, an evolution of existing legal principles is more likely than a complete overhaul. The nascent metaverse has already been plagued by allegations of e-groping and other inappropriate conduct.

Employment 105

Employment Government Medical Software 105

PeopleKeep

JANUARY 4, 2023

Pay transparency is a popular topic for employers today. While it used to be considered taboo, many employers now see pay transparency as a way to achieve pay equity, build trust with employees, and attract talented candidates. With more states creating laws around pay transparency, employers need to know their obligations or risk potential legal recourse.

Employment 105

Employment Employee Benefits IT Recruitment 105

Advertisement

Performance reviews are a proactive way to engage with your employees, provide clear communication about expectations, and acknowledge them for their hard work. But getting the right framework and creating consistency across your organization can be tricky. We put together this checklist to help you evaluate your current performance review process and equip managers with the right tools to perform individual assessments.

Management

Proskauer's Employee Benefits & Executive Compensa

JANUARY 4, 2023

On December 15, 2022, the Internal Revenue Service (“IRS”) published final regulations that make permanent certain relief and changes relating to the Affordable Care Act (“ACA”) reporting requirements. Specifically, the final regulations (1) include an automatic 30-day extension for providing Forms 1095-B and 1095-C to covered individuals and employees, which would otherwise be due on January 31; (2) allow an alternative method of furnishing the forms to certain individuals, and; (3) eliminate p

Insurance 105

Insurance Employee Enrollments Taxes Consulting 105

Benefits Notes

JANUARY 4, 2023

Recently Congress passed the Consolidated Appropriations Act of 2023 (“2023 CAA”). Among other things, the 2023 CAA extends, for a second time, the telehealth relief provided under the CARES Act. The CARES Act permitted high deductible health plans (“HDHP”) to provide first-dollar telehealth services or other remote care services. This allowed individuals covered under a HDHP that waived the deductible for telehealth services or other remote care to maintain HSA eligibility.

Deductions 98

Deductions Deductible Insurance Consulting 98

Employee Benefits

JANUARY 4, 2023

Only 1 in 10 (13%) UK employees revealed that they are comfortable enough to admit to their employers that they need time off for mental ill health , according to research by mental health app Wysa. . The findings highlighted that 83% would prefer to talk to a mental health app rather than their HR department, and 53% would choose an app over a therapist.

Employee Benefits 98

Employee Benefits Employment Management IT 98

PeopleKeep

JANUARY 4, 2023

If your small business struggles to attract and retain top talent, you might be tempted to offer a more competitive salary. While higher compensation can help, many factors influence whether a job candidate will apply to work at your organization or if a current employee will stay. A total rewards program can help your organization create employee loyalty, improve employee satisfaction, and boost employee engagement.

Employee Loyalty 97

Employee Loyalty Salary Employee Benefits Recruitment 97

McDermott Will & Emery Employee Benefits

JANUARY 4, 2023

The IRS finalized regulations concerning information reporting of health insurance coverage for Code Sections 5000A, 6055 and 6056. The regulations provide an automatic deadline extension for filing ACA forms and an alternate method for providing ACA forms to certain individuals, among other changes. Access the full article. . The post IRS Issues Final Regulations Extending ACA Information Reporting Deadlines, Clarifies Additional ACA Issues appeared first on EMPLOYEE BENEFITS BLOG.

Health Insurance 77

Health Insurance Insurance Employee Benefits Health and Welfare 77

Advertisement

Are you looking for ways to enhance your employee value proposition? Gallagher Better Works SM Insights has got you covered! Dive into the latest magazine issue and discover how flexibility, equity, recognition and strategically applied resources can improve your total rewards package. Download the PDF to learn more about: Building retirement benefits for a global and mobile workforce Promoting employee and organizational growth through succession planning Empowering women in leadership through

Paid Leave

HR Lineup

JANUARY 4, 2023

Salary transparency is the practice of openly disclosing the wages and salaries of all employees within an organization. It has gained popularity in recent years as a way to promote fairness and equity within the workplace. However, implementing salary transparency can be a complex process, with various considerations to take into account. This guide will provide a comprehensive overview of salary transparency, including its benefits, how to successfully implement it within your organization, an

Salary 76

Salary Management IT 76

Patriot Software

JANUARY 4, 2023

You may have heard the phrase “If you have time to lean, you’ve got time to clean.” It’s a saying beloved by managers across the country and cuts to the core of the nonexempt employee/wage relationship. Nonexempt employees get paid because they work for a certain period of time. But what if an employee is […] Read More.

Management 68

Management Payroll 68

HR Digest

JANUARY 4, 2023

Writing a termination letter is never easy but a necessary part of every employer’s responsibility. Although there are different termination letter samples to guide you, companies need to be aware of how they handle an employee’s termination to eliminate the chances of legal claims. For that reason, in this article, we share tips on how to write a termination letter highlighting what to include in every section as well as 5 termination letter samples to make your writing process a lot easier.

Health Insurance 59

Health Insurance Human Resources Insurance Engineering 59

Employee Benefits

JANUARY 4, 2023

HR, reward and benefits professionals who want to win a table at the Employee Benefits Awards 2023 and receive the early bird entry rate only have two days left to submit their entries. Those who submit their entries by the end of Friday 6 January will receive an automatic entry into the draw to win a table for 10 at the awards ceremony on Friday 23 June 2023 at the HAC London.

Employee Benefits 59

Employee Benefits Pension Healthcare IT 59

Advertiser: Paycor

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

IT

LACE Partners

JANUARY 4, 2023

On 19th and 20th January some of our team at LACE will be joining the fabulous team at Neeyamo for their hybrid event ‘Evolve Beyond Borders’, which will feature a wealth of industry speakers talking all things the future of payroll. Chris Kirby talks to Chris Howard in our latest 60 seconds video on what he’ll be talking about in his session.

Payroll 58

Payroll 58

Employee Benefits

JANUARY 4, 2023

Energy provider E.On reported that its mean hourly gender pay gap for 2022 was 13.7%, up 0.2% from 2021. The business’ median hourly gender pay gap for 2022 was 25.1%, up 2.2% from the previous year. According to E.On, the main drivers of its pay gap in 2022 were that it employs more men than women in leadership roles, with 30% of its senior executive roles held by women, it has more women working in entry level roles with lower pay, and the majority of its technical and engineering roles, which

Bonuses 59

Bonuses Engineering Employee Benefits Employment 59

WEX Inc.

JANUARY 4, 2023

COBRA can provide important health insurance security when you’ve experienced job loss or another qualifying event. And election of COBRA can affect your ability to use the reimbursement accounts in which you were participating prior to your COBRA eligibility. In this blog post, we outline some of the ways your ability to use your employee benefits changes when you elect COBRA.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Flexible Spending 52

AssuredPartners

JANUARY 4, 2023

During the final week of December 2022, Congress approved the Consolidated Appropriations Act, 2023 (CAA 2023) which included, among other provisions affecting employers, a temporary telehealth services safe harbor for High Deductible Health Plans (HDHP) first-dollar coverage without violating Health Savings Account (HSA) contribution rules. As of January 1, 2023, HDHP participants may still take advantage of coverage for telehealth services without losing their eligibility to make HSA contribut

Health Savings Account 52

Health Savings Account Deductions Deductible Healthcare 52

Advertisement

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?

Utilities

Benefits Notes

JANUARY 4, 2023

On December 23, 2022, the Departments of Labor, Health and Human Services and Treasury (the “Departments”) issued FAQs providing relief from prescription drug and health care spending reporting requirements. The FAQs are available here: [link]. As part of the Consolidated Appropriations Act, 2021, group health plans and issuers must annually report to the Departments certain prescription drug and health care information, including but not limited to the: 50 most frequently dispensed brand prescr

Out of Pocket Cost 52

Out of Pocket Cost Manufacturing Insurance Health Insurance 52

Empuls

JANUARY 4, 2023

Employee performance reviews are crucial for all businesses. They let managers or supervisors assess their staff members' work and offer them insightful, constructive, and honest employee feedback on their: Strengths Skills Efficiency Areas of improvement Employee engagement is also largely dependent on performance reviews. Therefore, you should know the appropriate words or phrases or employee performance review examples to use during a performance evaluation.

Construction 52

Construction Human Resources Management Health 52

BetterUp

JANUARY 4, 2023

Jump to section. What makes a great resume? What’s a resume builder? The 6 best resume builders. Choosing a resume builder. Prepare for your dream job. A resume is often a potential employer’s first impression of you. But unlike a face-to-face meet and greet, this document has to hype you up almost immediately. On average, recruiters spend seven seconds deciding whether a resume goes in the “Yes” or “No” pile.

Recruitment 52

Recruitment Management 52

cipHR

JANUARY 4, 2023

If you’re considering outsourcing your payroll, or if you’re looking for expert outsourced payroll services — these frequently asked questions can help you confidently decide how, why, and whom to outsource your payroll to. Choosing to outsource your payroll can help free up valuable time, reduce ongoing costs, and provide you with peace of mind that your employee payroll will be accurate and timely.

Outsourcing Payroll 52

Outsourcing Payroll Payroll Payroll Service Payroll Software 52

Advertiser: Paycor

From welcoming new team members to tough termination decisions, each employment lifecycle phase requires a balance of knowledge, empathy & legal diligence.

Management

BetterUp

JANUARY 4, 2023

Jump to section. Should you include references on your resume? Choosing the right references. What information do you need for a reference? Tips and tricks for creating a reference sheet. A resume Rolodex on the ready. Job searching is nerve-wracking. We want our resume to leave a good first impression on hiring managers and don’t want to waste applying to positions we won’t hear back from.

Management 52

Management 52

HR Lineup

JANUARY 4, 2023

LinkedIn Talent Solutions is a recruitment platform that helps businesses find and hire top talent. The platform offers a variety of tools and resources to assist in the recruitment process, including job posting, applicant tracking, and employee onboarding. One of the standout features of LinkedIn Talent Solutions is its ability to target specific job seekers based on their skills, experience, and location.

Recruitment 52

Recruitment IT 52

Employee Benefit News

JANUARY 4, 2023

Healthcare 101

Healthcare Technology 101

HR Lineup

JANUARY 4, 2023

Eightfold is an artificial intelligence-powered talent platform that helps companies to find, retain, and develop top talent. The company was founded in 2015 and is headquartered in Mountain View, California. Eightfold’s platform uses machine learning algorithms to analyze and understand the skills, experience, and potential of job candidates and employees.

Management 52

Management IT 52

Advertiser: Barley

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.

IT