Money Talk
JANUARY 26, 2022
One of the most daunting financial aspects of retirement, especially for people who have been diligent savers throughout their working years, is taking required minimum distributions (RMDs) from their tax-deferred retirement savings accounts beginning at age 72. RMDs can have a significant impact on a retiree’s income tax liability and lifestyle. New RMD tables went into effect in 2022, so this is a good time to discuss RMDs.
Joe Markland
JANUARY 26, 2022
A familiar mantra about why health insurance is so expensive is that the cost of healthcare is expensive. I have always disagreed with this statement. It is the third-party financing through employers that drives the underlying costs — not vice versa. Our current financing system provides inferior healthcare for many and inhibits adoption of new and emerging technologies.
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Take It Personel-ly
JANUARY 26, 2022
One of the most significant influences of Korea on the beauty world is using sheet masks or those nutrition-enriched, leave-on fabrics. The trend, which originated in South Korea, was patronised by both men and women as an integral part of their skincare routines. As their drama series made a splash in the entertainment scene, people […]. The post Sheet Masks 101 appeared first on Take It Personel-ly.
Employee Benefits
JANUARY 26, 2022
Just four in 10 UK employees believe their employers provide good mental health support , according to research. Insurer AXA’s Mind health study , which is based on a comprehensive survey of 11,000 people in 11 countries and territories across Europe and Asia, found that 40% of those from the UK rated their workplace mind health support as good. This placed the UK behind China, Switzerland and Ireland for staff perception of workplace mental health support.
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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.
BerniePortal
JANUARY 26, 2022
Photo Credit: Gage Skidmore. Mark Cuban, the billionaire owner of the Dallas Mavericks, is perhaps best known for his tenure on the popular television series Shark Tank. Recently, however, he has been looking for ways to enter the healthcare market as well. He appears to have done just that with the announcement of his new online pharmacy this past Wednesday.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
InterWest Insurance Services
JANUARY 26, 2022
Employers with 10 or more employees must post their completed OSHA Form 300A by Feb. 1 and keep it posted in their workplace until April 30. The form must be posted where the company usually posts other employee notices, like minimum wage and workplace safety notices. Form 300A summarizes the total number of fatalities, missed workdays, job transfers or restrictions, and injuries and illnesses at a business, as recorded on Form 300.
BerniePortal
JANUARY 26, 2022
The COVID pandemic has left many employers with more leaving employees than they’d like—from mass layoffs in early 2020 to the “Great Resignation” of 2021. And HR pros know that workers leaving an organization means more than just saying goodbye. So, here’s what HR and employers need to know about severance, including what it is and whether it’s required.
Best Money Moves
JANUARY 26, 2022
HR and Omicron: Financial wellness is key to employee wellbeing. The Omicron variant of COVID-19 is causing major stress for your employees. Offering financial wellness benefits could provide needed relief. . The Omicron variant of COVID-19 is leading to more shutdowns, changes to return-to-office plans and greater all around stress for your employees.
Patriot Software
JANUARY 26, 2022
Hired your first employee? Check. Set a start date? Check. Ready to process payroll? Not quite yet. Before you can start paying your employees, there are a few steps you need to know and some terms to learn. This handy payroll 101 guide explains how to set up payroll the right way so you can […] READ MORE.
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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
McDermott Will & Emery Employee Benefits
JANUARY 26, 2022
Throughout the latest COVID-19 wave, some healthcare employers have relaxed safety measures to bring COVID-positive employees back to work. According to this Corporate Counsel article, these decisions may signal a new direction in how businesses deal with safety measures as they navigate a competitive labor market and demand. McDermott’s Abigail M.
Wellable
JANUARY 26, 2022
After nearly two years of uncharacteristically high levels of organizational change and employment instability, workers are looking to solidify their futures with professional development opportunities. According to one study , 87% of millennials say professional growth and career development are very important, and 76% of all employees are looking for opportunities to expand their careers.
Employee Benefits
JANUARY 26, 2022
The benefits offered by Together Housing Group: Pension. Local government pension schemes (LGPS) with varying employer contribution levels. Defined benefit (DB) scheme. Defined contribution (DC) salary sacrifice scheme with 3% or 5% employee contribution matched by 6% or10% employer contribution. Additional voluntary contributions (AVC’s) for LGPS offered on salary exchange basis.
Take It Personel-ly
JANUARY 26, 2022
Lower back pain is one of the leading conditions that cause employees to miss work and make a trip to the doctor. According to the Health Policy Institute, chronic back pain is consistent among 8% of American adults—and results in limited daily activities. Whether they have lower or upper back pain, it can negatively affect […]. The post How Employers Can Help Office Employees Avoid Back Pain from Sitting appeared first on Take It Personel-ly.
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.
Employee Benefits
JANUARY 26, 2022
Working parents comprise a key demographic of the workforce. As mid-tenure employees, they are experienced and often have a level of institutional knowledge which can rarely be replaced with a lateral hire. However, reports suggest this demographic is more likely than others to be re-evaluating their roles coming out of the pandemic, particularly working mothers.
HR Digest
JANUARY 26, 2022
If you wonder what jobs you can get with a communications degree, we have some of the options. There are many jobs that you can get with a communications degree, and all of the jobs are suitable for the students and majors that want a creative and interesting job. . Students who major in communications learn to organize events and plan and execute projects and programs.
Employee Benefits
JANUARY 26, 2022
Almost half of workers at mid-sized UK businesses would like to work a four-day week, according to research. Business decision support technology provider Momentive polled more than 2,000 UK adults and found that 45% of those working for organisations with between 50 and 499 staff would like to be offered a more condensed working pattern as a benefit.
HR Digest
JANUARY 26, 2022
The Business Professional Attire vs. The Business Casual attire debate has been on for a long time. What should I wear to my next meeting or interview? Should I dress casually or formally? What kind of shoes should I wear? How much time should I spend preparing for these events? You want to look professional at all times , whether you’re working from home or going into the office.
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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?
Employee Benefits
JANUARY 26, 2022
Creative agency Lux has introduced a four-day working week for its 11 employees. All staff at the Edinburgh-based company, which specialises in the food and drink sector, are now able to work a 32-hour week on an elective basis with no reduction in salary as part of their contracts. Lux worked in partnership with Magenta HR on the initiative, undertaking a comprehensive consultation and pilot scheme over a period of two years.
BerniePortal
JANUARY 26, 2022
A West Virginia Nursing Home recently found itself in hot water with the U.S. Department of Labor’s Wage and Hour Division. It was determined that they failed to pay correct overtime premiums to their employees, including on-call pay and other overtime bonuses. This error was costly – affecting 166 workers and back wages totaling $270,000. How can your organization stay compliant and ensure you don’t fall victim to a similar mistake?
Employee Benefits
JANUARY 26, 2022
Listen: Housing association Together Housing Group recognises the importance of delivering value for money through its benefits provision. Emma Tomkinson, assistant director of people services, explains how vital the employee voice is in ensuring benefits are well utilised and appreciated. The employer has introduced a number of initiatives to ensure it is competing with the private sector in attracting and retaining key talent.
PeopleKeep
JANUARY 26, 2022
According to the Society for Human Resource Management, throughout 2021, an average of 3.9 million workers quit their jobs each month, and that number doesn’t seem to be slowing down. Companies looking to stabilize their business are looking for ways to increase their employee retention. But what is the best way to go about doing that? One method is to introduce new additions to your benefits packages in response to the tight labor market.
Advertiser: Paycor
From welcoming new team members to tough termination decisions, each employment lifecycle phase requires a balance of knowledge, empathy & legal diligence.
Employee Benefits
JANUARY 26, 2022
Reward Gateway, a global HR technology and employee engagement company, announced it is combining operations with Xexec , a provider of employee reward and recognition, benefits, discounts, and concierge services for large corporations. This follows the acquisitions of both Reward Gateway and Xexec by private equity leaders Abry Partners and Castik Investors in 2021, and reinforces Reward Gateway’s leadership position in the global employee engagement market.
Kollath CPA
JANUARY 26, 2022
Once you have at least one person working for your business, you’re an employer. Being an employer comes with a wide range of responsibilities, including withholding, depositing and paying employment taxes. How can you make sure you’re fulfilling all your tax duties to avoid getting hit with fines and fees? What exactly is The Tax Situation When You Have Employees?
Employee Benefits
JANUARY 26, 2022
The Work and Pensions Committee is calling for trials of automatic appointments with the Pension Wise service as part of its new ‘Stronger Nudge’ interventions. Jonathan Watts-Lay, Director, WEALTH at work, comments; “Employers and Trustees must intervene and engage with their employees much earlier in order to make a real difference to their retirement decisions!
Employer Connection
JANUARY 26, 2022
Employees covered under self-funded, group health plans administered by Star Marketing and Administration, Inc., now have two ways to save on FDA-approved, at-home COVID-19 tests that do not require a doctor’s order. Visit the Regulatory Updates blog for more information.
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.
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