Fri.Feb 17, 2023

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The Most Surprising Eligible and Ineligible Medical Expenses

Benefit Resource Inc.

Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) are both incredibly valuable benefits to help employees use pre-tax dollars to pay for eligible medical expenses. The IRS defines an eligible medical expense as any expense that is used to diagnose, cure, mitigate, treat, or prevent diseases, or affect any structure or function of the body.

Medical 52
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SECURE 2.0 Opens the Door on Retirement Match Based on Student Loan Payments

Proskauer's Employee Benefits & Executive Compensa

The grab bag of retirement provisions in the SECURE 2.0 legislation that was enacted at the end of 2022 included an expansion of the ability for a section 401(k) or 403(b) plan, or a governmental section 457(b) plan, to provide matching contributions on participants’ student loan payments. Effective for plan years starting after December 31, 2023, the change can help employees who might otherwise forgo matching contributions to pay off student debt.

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Connick Tree Care becomes employee owned

Employee Benefits

South England-based tree preservation and maintenance firm Connick Tree Care has announced that it will become employee owned. The plan was first announced to the business’ 75 members of staff in October 2022, and the process commenced this month, with the transition to an employee ownership trust (EOT) due to take place over the next few months. It was designed to secure the business for employees now and the future, at no cost to them.

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State Unemployment Insurance Taxable Wage Base Chart Updated for 2023

PayrollOrg

Check out the APA's list of state unemployment insurance taxable wage bases, updated to reflect changes for 2023.

Insurance 104
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The Ultimate Performance Review Checklist

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.

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Do employees really need to be concerned about the Lifetime Allowance right now?

Employee Benefits

In November’s Autumn Statement, despite speculation, no further news was delivered in regard to the Lifetime Allowance (LTA) or Annual Allowance suggesting that they will continue to remain frozen for three more years. As of December 2022, the UK Inflation rate stood at 10.5% and the Lifetime Allowance of £1.073m has effectively lost £112,676 of value in real terms in the last year alone.

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Half of younger staff would take pay cut for employer with values

Employee Benefits

Nearly half of UK (48%) and US (44%) Gen Z and Millennial employees would consider taking a pay cut in order to work for an employer that shares their values, according to research by business advocate Paul Polman. The Net positive barometer surveyed 4,000 British and American employees at medium to large private businesses with more than 250 members of staff, and found that 45% would consider resigning if their employers’ values did not align with their own.

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What is Job Security?

HR Digest

When you’re looking for a job, it’s important to know what you’re getting into. There are a lot of different factors that can affect your experience and quality of life at a company. One of those factors is job security. The importance of job security can’t be overemphasized. Job security is one of the most important factors in the workplace. It’s something that many employees look for when they’re in search of a job, and it’s something that can help them feel confident and happy in their jobs.

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Argyll sniffs out signature office fragrance

Employee Benefits

Something for the weekend: London office provider Argyll has launched a bespoke branded scent created by British perfumer Azzi Glasser, which it will roll out across its 30-strong portfolio, in order to help those working there soak in the smell of success. Glasser, who has created signature scents for The Mandrake Hotel, The Chiltern Firehouse and Annabel’s, worked with Argyll to create its a fragrance that captures the traditionally British essence of its buildings, including its a vision of m

Health 59
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Qualtrics

HR Lineup

Qualtrics is a cloud-based survey and experience management platform that is used by businesses and organizations to gather and analyze data about customer and employee experiences, market research, and other types of feedback. The platform offers a wide range of features and tools for designing surveys, collecting responses, and analyzing data, making it a popular choice for organizations of all sizes and industries.

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Want To Enhance Your Total Rewards To Achieve Organizational Success? Start Here.

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

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The top 10 most-read articles between 10 – 16 February 2023

Employee Benefits

The top 10 most-read articles on www.employeebenefits.co.uk between 10 – 16 February 2023 were: Zurich UK implements support package for employees Natwest acquires majority in Cushon Abellio gives London bus drivers 18% pay rise Median base pay rise expected for 2023 reaches 5% Cisco, Salesforce and Xero named best UK workplaces for wellbeing Average pay growth high but failing to keep pace with inflation 73% would leave role if unable to work from home Belfry Hotel and Resort launches s

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Olivia AI Assistant

HR Lineup

Olivia is an AI-powered assistant designed by Paradox.ai to transform the recruiting process for companies. Olivia uses natural language processing and machine learning algorithms to provide a personalized and efficient recruitment experience for both candidates and recruiters. Olivia is integrated into a company’s existing applicant tracking system (ATS) and uses conversational AI to engage with candidates in real-time.

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Bank of Ireland enhances family-friendly policies

Employee Benefits

Bank of Ireland has implemented enhanced family friendly policies and support for its 9,000 employees, as of this week. The initiatives will be applicable to all workers based in Ireland, UK, the European Union (EU) and the US, in line with local legislation. They aim to help create a more supportive and inclusive environment for staff at different life stages.

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Smarp

HR Lineup

Smarp is a cloud-based employee communication and advocacy platform that helps organizations enhance their employer brand and promote their company culture. The platform enables companies to improve their internal communication, employee engagement, and social media presence by providing a centralized platform for sharing relevant content with their employees.

Media 52
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How to Build the Ideal HR Team

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.

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New DOL bulletin — Compensable break time for remote employees

Business Management Daily

Back in 2020, the Department of Labor released a Field Assistance Bulletin to its investigators, which concluded that an employee who worked in the office, ran errands during the afternoon, and continued working at home didn’t need to be paid for the time she was running errands because it was personal time. However, things get a bit muddier with remote employees, and the DOL’s guidelines and regulations are constantly being updated.

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Marketing Leaders: Kelly Barcelos, Digital Marketing Manager at Jobsoid

HR Lineup

As the digital marketing manager for Applicant Tracking System ( ATS ) company , Kelly Barcelos has been at the forefront of developing strategies that have helped to increase the presence of A TS in the digital landscape. With years of experience and expertise , she has a unique perspective on how to effectively market and position A TS in the digital space.

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How to ease cost of living burdens with low-cost initiatives

Employee Benefits

Low budgets getting you down? The Cost of Living crisis is not going anywhere. As inflation continues to rise, employers still face finding new ways to maximise employees’ disposable income without the expense of a company-wide pay rise. In our handy eBook, you’ll discover: Why pay rises fall short of employee expectation and how other solutions have a greater impact on employees’ financial wellbeing.

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Digital classes turn well-being into a workplace benefit

Employee Benefit News

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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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Discounts for carers in the workplace

Employee Benefits

Unlike the NHS, the elderly care industry doesn’t operate on a free basis. The fees, either within a care home or home care, can be so expensive it makes your eyes bulge. Those lucky enough to have money saved up for such a scenario are grateful that their elderly loved one can be looked after without the anxiety of finding the money to pay for a service.

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Long story short: Take every opportunity to support employees with your benefits

Employee Benefit News

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Talking talent – a pulsecheck of current and future challenges

LACE Partners

What better way to discuss the challenges in the talent space with thought leaders and senior HR professionals than at an exclusive dinner? In February 2023, we did just that by hosting an invite-only dinner to talk all things talent with a laser sharp focus on current and future challenges. Here’s what we learned… The shifting talent crosswinds Three years into the third decade of the 21 st century and the world of talent acquisition and management looks very different.

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NYC's biggest union tests remote work pilot program for municipal workers

Employee Benefit News

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The Complete People Management Toolkit

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

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Six dull but useful ways your HRIS system can make life easier for everyone

cipHR

A new HRIS system might not be met with great fanfare – but little do your employees know, their working lives are about to change for the better. Here’s how Modern organisations work tirelessly to keep their people happy and stay competitive in today’s economic climate – often making HR teams, business leaders, and employees feel tired and stressed.

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Sociabble

HR Lineup

Sociabble is a leading employee advocacy and social selling platform that enables organizations to amplify their brand, increase their reach, and drive engagement through their employees’ social media networks. It is a cloud-based solution that combines content curation, social media management, and analytics, to help companies optimize their social media strategy and improve their online presence.

Media 52
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Hybrid working is here to stay. Squawk

Workplace Insight

In his recent book, The Constitution of Knowledge, the author Jonathan Rauch argues that knowledge consists of something about which nearly everybody can agree, and which has been arrived at by a structured, ongoing and benign process of debate and discovery. Without this social architecture, things unravel and sometimes in catastrophic ways. The undermining of knowledge and the processes that lead to it has been one of the defining characteristics of authoritarians for the entirety of human his

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EveryoneSocial

HR Lineup

EveryoneSocial is a social media management platform designed to help businesses and organizations boost their social media presence and engage with their target audience. The platform offers a range of tools and features that enable users to create, curate, and publish content across multiple social media channels, all from a single, user-friendly dashboard.

Media 52
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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.