Thu.Mar 07, 2024

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4 ways to boost belonging and retention through R&R?and HRIS

Achievers

Kumari Williams, VP of belonging and diversity at Workday , and Jeff Cates, CEO of Achievers , reveal the steps employers can take to keep employees motivated for the long haul. Every HR leader grapples with retention challenges in today’s job market. While offering competitive pay is essential to mitigating turnover, it’s not the only thing that keeps employees engaged and committed to your organization.

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Financial Shocks: What You Need to Know

Money Talk

Financial shocks are events that result in unexpected expenses and they are especially challenging for individuals and households with limited resources and tight budgets. Examples of financial shocks are plentiful and include the following: ¨ Big spikes in expenses due to inflation (e.g., childcare, food, insurance, rent, utilities) ¨ Car accidents ¨ Disability ¨ Divorce ¨ Large home repairs (e.g., roof, furnace) ¨ Large out-of-pocket medical or dental bills ¨ Loss of a job ¨ property damage du

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Another chance to hear: Sally Gunnell in conversation with Kate Usher on the Workplace Insight podcast

Workplace Insight

One of the UK’s greatest ever athletes and now a corporate wellbeing consultant and speaker , Sally Gunnell discusses with Kate Usher the challenges faced by women in the second half of their lives, in the latest Workplace Insight podcast. Sally is the only female British athlete ever to hold the Olympic, World, European and Commonwealth titles for 400m Hurdles.

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How will the Spring Budget 2024 affect pay, pensions and employee benefits?

Employee Benefits

Image credit: photocosmos1 / Shutterstock.com Chancellor of the Exchequer, Jeremy Hunt (pictured), delivered his Spring Budget speech in the House of Commons on Wednesday 6 March. Below is a summary of the key announcements that could affect employers’ pay , pensions and benefits strategies: Spring Budget 2024: National insurance contribution (NIC) rate cut to 8% Spring Budget 2024: DC pensions required to disclose investment in UK equities Spring Budget 2024: TPR and FCA given powers to

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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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International Women’s Day: Women in Leadership

International Foundation of Employee Benefit Plans

International Women’s Day is an ideal time to pause and reflect on the status of women in the workforce—both how far we’ve come and how far we still need to go to achieve true gender equality. In this blog, Alyssa Hodder interviews […] The post International Women’s Day: Women in Leadership appeared first on Word on Benefits.

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Prescription Drug Plans: Spread Pricing Explainer

International Foundation of Employee Benefit Plans

Lawmakers, employers, consumer groups and other stakeholders have called for more transparency from pharmacy benefit managers (PBMs). Lack of transparency enables PBMs to engage in the practice of spread pricing where PBMs charge health plans more than they pay pharmacies for the […] The post Prescription Drug Plans: Spread Pricing Explainer appeared first on Word on Benefits.

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How to improve attention to detail in your work

Business Management Daily

Being more productive is something we’re all interested in. But with the endless meetings, messages, meals, and bathroom breaks each workday, eight working hours isn’t always enough time to get stuff done. With habits of efficiency and precision, however, those limited work hours can go further. Detail-oriented focus is the marketable skill of the modern workplace.

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Ineffective Assistance

Florida Workers' Comp

The criminal defense legal practice has evolved over the almost 250 years that America has existed. Our legal system is imperfectly bound by purported parameters that are equally imperfect. I strive in my teaching to help students realize that these challenges exist and persist. They all want to excel, to go to law school, and to make a career path in this imperfect world of statutes, rules, and the ubiquity of judicial interpretations, the "common law.

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Spread the Word About Additional HSA Contributions

InterWest Insurance Services

If you have staff with health savings accounts, they still have until April 15 to make additional contributions to their accounts if they want to reduce their tax bills for last year. HSAs allow your employees to put away funds to pay for future medical expenses. Usually, these accounts are funded with pre-tax deductions from your employees’ paychecks, but if they didn’t max out their contributions last year, they still can do so up until the tax-filing deadline.

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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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Not just extra PTO: How mini sabbaticals boost productivity

Employee Benefit News

Jennifer Mahone Rightler, founder and CEO of Elements2Inclusion, explains how mini sabbaticals can refresh and re-engage their workforce.

PTO 96
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Leap Year Could Cause Extra Payday for Some Employers

PayrollOrg

The extra day in 2024 could cause an extra payday for some employers.

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W-2 Employee vs. 1099 Contractor: Which Is Better for Your Small Business?

Patriot Software

You’re ready for some help around your business. Should you hire a W-2 employee or a 1099 contractor? The choice might not be yours. There are key differences between a W-2 employee vs. a 1099 contractor that you must understand to stay legally compliant.

Payroll 82
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CMS Approves New York 1115 Medicaid Redesign Waiver

McDermott Will & Emery Employee Benefits

On January 9, 2024, the Centers for Medicare and Medicaid Services (CMS) approved the New York State (NY) 1115 Medicaid waiver “Medicaid Redesign Team” (MRT). The MRT is a long-standing waiver in NY that has continuously evolved to improve the administration, structure and financing of the NY Medicaid program; enhance Medicaid beneficiaries’ access to services; […] The post CMS Approves New York 1115 Medicaid Redesign Waiver appeared first on EMPLOYEE BENEFITS BLOG.

Finance 81
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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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Lloyds Banking Group appoints new director of diversity, equity and inclusion

Employee Benefits

Lloyds Banking Group has named Rachel Osikoya director of diversity, equity and inclusion (DE&I). With more than 20 years’ experience in culture, diversity and inclusion, Osikoya will be responsible for driving the group’s strategic DE&I agenda and will build a multi-year plan to further embed DE&I for employees, customers and communities.

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Ask for that promotion: 11 of employees biggest career regrets

Employee Benefit News

Resume Now ranked some of the things employees would have done differently in their professional lives.

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888 William Hill rolls out global wellbeing support for employees

Employee Benefits

Gaming and betting firm 888 William Hill has introduced wellbeing support for its 11,000 employees globally. Through the scheme, which is provided by Wellness Cloud, 888 William Hill employees will be able to access the Wellness Cloud hub, which includes more than 100 live talks and events each year on a range of topics related to wellbeing and health , and a library of on-demand content and resources available on both desktop and a mobile app, such as expert guides, podcasts, question and answe

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Alabama passes law to protect IVF treatments after embryo ruling

Employee Benefit News

The governor's signed legislation temporarily protects providers and allows the continuation of in-vitro treatments.

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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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UNESCO study reveals evidence of regressive stereotypes in LLMs

Workplace Insight

To coincide with International Women’s Day, a UNESCO study revealed worrying tendencies in Large Language models (LLM) to produce gender bias, as well as homophobia and racial stereotyping. Women were described as working in domestic roles far more often than men – four times as often by one model – and were frequently associated with words like “home”, “family” and “children”, while male names were linked to “business”, “executive”, “salary”, and “career”.

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John Lewis Partnership and Co-op to increase pay

Employee Benefits

John Lewis Partnership and the Co-op are to increase their minimum pay rates for 2024. The Co-op has reaffirmed its commitment to paying the real living wage as recommended by the Living Wage Foundation, increasing its minimum hourly wage from £10.90 to £12, or from £12.25 to £13.15 in London. Team leaders will also receive a 10.1% increase from £12.10 to £13.32 per hour.

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The sector responds to the Spring Budget

Workplace Insight

Yesterday’s Spring Budget included a number of announcements that affect the various people, place and technology professions in the UK. These include a cut in National Insurance, pension fund reforms, support for working parents, AI, helping people back in to work and more. You can see the Government’s own summary here. The various industry sectors have been quick to respond to the announcements.

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Greggs to share £17.6 million bonus among staff

Employee Benefits

Bakery chain Greggs is to share a £17.6 million bonus among some of its employees after posting a record annual profit. In a webcast detailing the business’ latest results, chief executive Roisin Currie explained that Greggs will continue to share 10% of its profits with team members with at least six months of service as part of its profit share agreement.

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Improving Access To & Utilization Of Cancer Screening With Color

Discover how Color's comprehensive care solution is revolutionizing cancer screening adherence and knowledge. Through an in-depth case study, Color's unique approach to comprehensive cancer care has shown significant benefits in increasing screening rates and enhancing patient knowledge. Participants reported a 2-3x increase in adherence to screening guidelines over just 8 weeks, with 84% of participants increasing their familiarity with timing and frequency of cancer screening.

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71% of men think they're paid the same as women (They're not)

Employee Benefit News

While the majority of men believe salary is equal at their workplace, just 23% of women feel the same.

Salary 81
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Recruiting the Best Mortgage Talent in the Real Estate Industry

Professionals Alternative

[link] The Key to Success: Recruiting the Best Mortgage Talent in the Real Estate Industry ‍ Image Source: Unsplash The importance of recruiting the best mortgage talent in the real estate industry Recruiting the best mortgage talent is crucial for success in the real estate industry. As the mortgage industry continues to evolve and become more competitive, companies must ensure they have a team of skilled professionals who can navigate the intricacies of the market.

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Learning the Ropes: How to Prevent Data Theft by Employees

HR Digest

Establishing policies on how to prevent data theft by employees has never been more important than it is now considering the increasing number of ways for employees to access and use data. An ex-employee from Google, Linwei Ding, was recently indicted for the theft of trade secrets from Google. The Chinese national was accused of stealing data related to Google’s AI trade secrets to share with two PRC-Based technology companies and the Justice Department saw this as a blatant theft of advanced t

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Developing Positive Self-Fulfilling Prophecies To Succeed

BetterUp

Jump to section What is a self-fulfilling prophecy?

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Balancing Cost and Care: 3 Key Considerations for Cost Optimization in 2024

Discover essential strategies for employers to balance cost optimization with care. The top priorities for employers in 2024 are retaining talent, growing revenue and sales, and attracting talent. To achieve these goals, employers are turning towards comprehensive total rewards strategies informed by data-driven insights. Hear from industry experts on cost optimization strategies and how to leverage these approaches for a healthier workforce.