Mon.May 13, 2024

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How to design a flexible benefits scheme for today’s workforce

Employee Benefits

Employers should communicate with employees to understand what they need from a flexible benefits package. Benefits that are offered as part of a flex scheme need to add value. As employees’ needs can change throughout the year, more frequent benefits enrolment windows can provide greater flexibility and choice. Following the impact of recent trends in the world of work, such as the increase in hybrid and remote working, it has never been more apparent that, when creating a benefits package, one

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The Great Resignation has given way to The Big Stay, says the CIPD

Workplace Insight

The luxury belief that was the so-called Great Resignation, appears to be over, even if you assume it ever existed. Workers are increasingly staying put in their current jobs and more employers are holding steady on staffing levels as the labour market slows, according to the CIPD’s latest Labour Market Outlook report. The survey shows more than half (55 percent) of employers are looking to maintain their current staff level – the highest level since winter 2016/17.

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Hospital price transparency data can be a game changer for self-funded employers

Employee Benefit News

Experts from Turquoise explain how employers can save 27% across 500 common healthcare services using the Hospital Price Transparency Rule.

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Eisenhower Matrix: Meaning, Prioritization Framework, Examples

HR Lineup

In today’s fast-paced world, where distractions abound and demands on our time seem never-ending, mastering productivity is essential. One powerful tool that can help individuals and teams prioritize tasks effectively is the Eisenhower Matrix. Named after the 34th President of the United States, Dwight D. Eisenhower, this prioritization framework provides a simple yet profound method for organizing tasks based on their urgency and importance.

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Using an HSA to Save for Health Care in Retirement

Saving for retirement is no easy task, and as an employer we know you want to help your employees get what they need out of their retirement benefits. With a health savings account (HSA), you can relieve the burden of health care costs for both you and your employees. With our new report, “Using an HSA to Save for Health Care in Retirement,” you can get insights on the costs of a modern retirement and dive into the details of the triple-tax benefits HSAs offer.

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Navigating new and anticipated corrections guidance for retirement plans

Employee Benefit News

Although new guidance expands the ability to self-correct, plan sponsors and administrators should promptly correct errors in accordance with EPCRS principals.

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10 best cities for cybersecurity talent

Employee Benefit News

A new ranking revealed where cybersecurity talent will find the most opportunities and the best support.

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BNP Paribas UK maximises choice for employees within flex scheme

Employee Benefits

Credit: Gerard Uferas/ La Company BNP PARIBAS London BNP Paribas UK tries to promote true flexibility through its flexible benefits scheme and regularly tweaks its provision to operate at its best for its workforce. The employer has seven organisations in different UK financial services markets, with more than 8,500 staff ranging from investment bankers to call centre workers.

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Employees are winning the battle against RTO

Employee Benefit News

As companies rethink their policies, this workplace expert anticipates a reversal of in-office mandates.

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Centrica offers flexible benefits scheme to suit employees’ needs

Employee Benefits

Centrica designed its flexible benefits scheme so that its UK employees can access perks at any time. Its flexible benefits scheme was created with five principles in mind: flexibility, choice, continuous engagement, affordability and innovation. The organisation wanted to move towards a truly flexible scheme by offering anytime benefits that allow employees to make selections at any time in the year, rather than during a traditional annual enrolment window.

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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.

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OpenAI launches a faster and cheaper AI model with ChatGPT-4o

Employee Benefit News

The new large language model, trained on vast amounts of data from the internet, will be better at handling text, audio and video in real-time.

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Performance reviews to empower employees and your business

Business Management Daily

Doug sits down to fill out the annual performance review templates provided by human resources. While not his favorite part of being a manager, he knows the task comes with the job. First up is Julia Adams. A good employee who lives up to her job description, he gives her “4s” and “5s” in most categories. Under “willingness to help others,” he decides on a “3” because she has not appeared as eager to aid fellow team members lately.

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Health crises force early retirement more than any other problem

Employee Benefit News

Many factors can influence the timing of a person's retirement, but new research shows nothing comes close to health problems.

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Tribunal rules disabled Scottish government social care worker was discriminated against

Employee Benefits

An employment tribunal has found that a disabled team leader within the social care division of the Scottish government was discriminated against due to not receiving the necessary equipment to work. James Blair, who uses a wheelchair due to spondylitis, a degenerative spinal cord disease, joint condition Ehlers-Danlos syndrome, and dyslexia, started his role on 23 November 2020.

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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.

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Navigating GDPR Regulations: Essential Guidelines for Compliance

Qandle

In today’s digital era, the protection of data privacy has taken center stage, resonating with individuals and businesses alike. A pivotal stride in data safeguarding legislation is the General Data Protection Regulation (GDPR). This article endeavors to offer a thorough grasp of GDPR compliance, addressing its stipulations, prerequisites, and pivotal role for businesses.

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Oxfordshire County Council and TSB shortlisted for Best motivation or recognition scheme

Employee Benefits

Oxfordshire County Council and banking organisation TSB have been shortlisted in the category Best motivation or recognition scheme at the Employee Benefits Awards 2024. This award was created to recognise a successful motivation strategy that uses either incentives or motivational rewards to help drive employee performance, engagement or retention.

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How We Can Make Our Organization More Resilient

Pacific Prime

The COVID-19 pandemic has been a wake-up call for organizations worldwide, highlighting the critical need for organizational resilience in the face of unprecedented challenges. The convergence of multiple crises during the pandemic revealed the fragility of organizations unprepared for shocks. From supply chain disruptions to talent shortages and market decline, businesses faced an array of.

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Veolia, Aldermore and Vitality named on Sunday Times Best Places to Work list 2024

Employee Benefits

Resource management service Veolia, banking organisation Aldermore and health insurance firm Vitality have made the top 10 Sunday Times Best Places to Work list for 2024. To compile the list, the publication used 26 questions from WorkL’s employee engagement survey to find out what workers at very big, big, medium and small organisations think about their workplace.

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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.

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Tesla Layoff News Confuses as Teams Are Let Go Even as Investments Grow

HR Digest

The Tesla layoffs news has hit hard globally, putting into question whether anyone is safe in these trying times. The last few years have been difficult for employees across industries and the callous nature of the Tesla layoffs in 2024 has rubbed many the wrong way. Back in April, Tesla’s CEO made a sudden announcement that more than 10 percent of the workforce was going to lose their jobs after the Q1 deliveries fell for the first time in almost 4 years.

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APC names Liz Stokes as new HR director

Employee Benefits

UK parcel delivery network APC has appointed Liz Stokes as its new HR director , taking over from predecessor Corina Forman, who had been with the business for 18 years. Stokes has a proven track record across a range of industries including defence, business services and construction, in both the UK and across the globe. She joins from global defence business Ultra Electronics, where she previously held the role as vice president of human resources.

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Les 15 Meilleurs Outils Collaboratifs pour les Équipes à distance en 2024 : Fonctionnalités, Design, Tarifs et plus

Vantage Circle

Introduction Avec l'essor du travail à distance, le besoin d'outils collaboratifs en entreprise solides monte en flèche. Ce blog explore une variété d'options conçues pour combler le fossé entre la distance et la productivité des équipes distantes. Nous découvrirons des outils essentiels pour une communication fluide, la gestion de projet et un travail d'équipe efficace.

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Employee Appreciation Gifts: Top 10 Gift Ideas

Hppy

In today’s fast-paced corporate landscape, fostering a culture of appreciation and recognition is paramount to organizational success. As HR professionals and business owners, we understand the pivotal role that employee appreciation plays in enhancing morale, productivity, and ultimately, retention rates. It’s not merely about offering a pat on the back—it’s about creating a workplace where employees feel valued, respected, and motivated to excel.

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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.

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Empathic Listening: What It Is And How To Use It

BetterUp

Jump to section What is empathic listening?

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How to Write Effective Employee Performance Reviews

15Five

What Is an Employee Performance Review? Touching base. Checking in. Looking forward. These are all terms that should describe the ideal employee performance review. Best case scenario? A manager accurately communicates an employee’s performance in a way that encourages them to improve on their weaknesses while having a better sense of how they can rely on their strengths.

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54% of employees said their mental health has declined due to financial concerns

Employee Benefits

Half (54%) of employees have revealed that their mental health has declined due to concerns about their financial situation , according to new research by financial wellbeing platform Wagestream. Its State of financial wellbeing index 2024 report, which was compiled after surveying 2,000 employees, found that in the three months to May, 60% of respondents worried about money at least once a week, with 21% worrying about their finances every single day.

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