Mon.Aug 14, 2023

article thumbnail

Roadshows were secret to success when Ford moved to pensions master trust

Employee Benefits

When Ford Motor Company moved to a master trust in April 2022, explaining the changes to people at pensions roadshows was a priority. Oliver Payne, international pensions and data analytics manager at Ford and founder of the Reinventing Pensions event, explains: “The reason for that is you get people’s focused attention. No matter how well you write a letter or e-mail, there is always something else competing for someone’s attention while they’re reading it.

Pension 98
article thumbnail

FSA carryover: What it is and what it means for you

WEX Inc.

A flexible spending account (FSA) carryover is one way you can provide flexibility to employees who participate in these accounts. We break down FSA carryovers below. Read our blog posts on grace periods and run-out periods for the rest of the series. Can FSA funds carry over to next year? Yes, employers do have the option of providing employees with an FSA carryover.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to sell pensions change into an organisation

Employee Benefits

Need to know: Change will happen when it comes to employers’ pensions plans. Whatever the change, some universal principles remain true. Stakeholders should be involved early, to ensure they can voice any objections and feel involved in the process. Avoid legalese; be honest, clear and concise. If it is bad news, upfront about why the decision is being made and explain the reasoning behind it.

Pension 98
article thumbnail

5 Business Communication Skills to Perfect

BetterUp

Jump to section The importance of business communication skills 5 essential business communication skills 6 effective business communication techniques Final tips for improving your communication skills How to include business communication skills in job applications Make sure everyone gets the memo

98
article thumbnail

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.

article thumbnail

Key Elements for a Successful Employee Training Program

HR Digest

Remember the good old days when employees were left to figure things out on their own? When training was nothing more than a mere suggestion, and the only development opportunities were the occasional team-building retreats? Well, those days are long gone. In today’s rapidly evolving business landscape, organizations understand the importance of investing in their employees through comprehensive and effective training programs.

More Trending

article thumbnail

5 Ways CorpStrat Outshines Other Benefits Brokers

CorpStrat

As the Fall season approaches, we’re excited to present you with five compelling reasons to continue partnering with CorpStrat for your Fall benefits. Your benefits plan is a crucial aspect of your company’s well-being, and our dedication to excellence ensures that you receive the best service possible. 1. Expertise that Shines: Unveiling the Brilliance of CorpStrat’s Cutting-Edge Brokerage Our reputation within the industry is a testament to our expertise.

article thumbnail

Firms look to consolidate office space in response to persistence of hybrid working

Workplace Insight

Workers able to work remotely are still only coming into an office for an average of 1.75 days a week, a study of 119 workplaces in 22 countries by workplace consultancy AWA claims. The responses, collated in April-May 2023 and representing organisations employing close to 155,000 people, saw a slight increase on AWA’s study a year ago, indicating that office attendance has reached a more or less steady state and that hybrid working is still a favoured solution.

article thumbnail

Weighing the benefits of Ozempic and Wegovy in health plans

Employee Benefit News

Mindful that there's no magic pill, it's also important to encourage behavioral modification, a reduced calorie diet and physical activity.

IT 88
article thumbnail

Free COVID-19 Testing Coverage: How A Task Force Decision Could Impact Employers 

Wellable

While the pandemic is in the rearview mirror, the USPSTF is on the brink of recommending widespread COVID-19 screening. How will this impact employers? The post Free COVID-19 Testing Coverage: How A Task Force Decision Could Impact Employers appeared first on Wellable.

article thumbnail

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.

article thumbnail

70% of managers feel incapable of supporting employee well-being

Employee Benefit News

A new survey from Deloitte shows that more accountability is needed within organizations to truly improve workforce mental health.

article thumbnail

FCA compliance training online: how to engage your learners

cipHR

Online FCA compliance training courses from Ciphr will help your learners stay changing regulations, including the Consumer Duty, SMCR, and more FCA-regulated retail and wholesale firms are facing an increasingly complex and ever-changing landscape of regulatory requirements, from compliance with the Consumer Duty to minimum CPD (continuous professional development) standards.

Retail 52
article thumbnail

Do trans employees feel seen and safe? How to audit your HR policies and benefits

Employee Benefit News

In the wake of sweeping anti-transgender legislation and rhetoric, trans employees need more from their employers to feel safe at work.

article thumbnail

Unveiling the Secrets of Successful Procurement Coordinators in a Dynamic Environment

Professionals Alternative

[link] Unveiling the Secrets of Successful Procurement Coordinators in a Dynamic Environment Introduction to Procurement Coordinators In today’s fast-paced business world, the role of a procurement coordinator is pivotal in ensuring the smooth functioning of procurement operations. Procurement coordinators are responsible for managing the purchasing process, working closely with vendors, and ensuring the timely delivery of goods and services.

Finance 52
article thumbnail

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.

article thumbnail

401(k) catch-up questions leave high earners in limbo

Employee Benefit News

The challenges and opportunities of required Roth contributions are taking a backseat for now to legislative and operational messes from the Secure 2.0 law.

401(k) 83
article thumbnail

Land Prices on the Rise Again

AssuredPartners

After years of flat cropland values (2014 – 2020), prices have risen an average of $1,300 an acre in the last few years. These increases in land values have come at the same time farmers are enjoying back-to-back years of record-high farm income, with income forecasts from the USDA predicted to be the third-highest this year. SDA’s annual Land Values report estimated cropland to be worth an average of $5,460 an acre nationwide this year, compared to $4,100 in 2020, when the accelerat

Finance 52
article thumbnail

QR codes, webinars and digital access: WTW's top tips for open enrollment

Employee Benefit News

For open enrollment, a "one size fits all" strategy may not be best. Rather, employers should tailor their communications to specific demographics.

article thumbnail

How to Minimize Interview No-Show Disappointments Keywords

Professionals Alternative

[link] The Art of Demo Engagement: How to Keep Prospects Hooked and Ensure Attendance ‍ ‍Introduction to Demo Engagement As a sales professional, one of the biggest challenges is getting prospects to attend your demos. You put in a lot of effort to create compelling presentations, craft persuasive invitations, and schedule appointments, only to have prospects not show up.

article thumbnail

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.

article thumbnail

First look at Sustainable Design China Summit taking place in Beijing this September

Workplace Insight

Following on from its successful launch last year, the Sustainable Design China Summit returns for 2023. The event, an evolution of Design China Beijing, is held at the Beijing Exhibition Center from 21-23 September 2023 and is a must-visit for designers, architects, developers, and decision makers looking to design a sustainable future. Thanks to a change of venue, the event organisers are this year able to expand the exhibition area.

article thumbnail

What is Strategic Human Resource Management? How it can Help in Effective Gowth of Your Business

Qandle

In the symphony of business, where aspirations meet action, lies a fundamental truth: success is not solely built on products and strategies but on the people who breathe life into them. In this era of transformative growth, the role of human resource strategy has transcended from a backstage function to a strategic orchestrator of business success.

article thumbnail

Canon UK and Ireland names new HR director

Employee Benefits

Canon UK and Ireland has appointed Kathryn Scott as its new HR director as of this month, replacing Debbie Brown who has moved internally to a new role as EMEA HR director, DRBG. In her new role, Scott will be responsible for driving forward the organisation’s people vision and inclusive culture , as well as supporting it in continuing to develop a growth mindset to help it realise its mid-term growth ambitions.

Health 52
article thumbnail

How Does Alcohol Affect Sleep?

BetterUp

The association between alcohol and sleep is confusing to many. Alcohol is a central nervous system depressant, meaning it slows down all of the functions of your brain, ranging from thinking to breathing and other automatic functions. Therefore, the effects of alcohol also span to sleep patterns. Here are the ways alcohol can impact sleep and what you can do to mitigate it.

IT 52
article thumbnail

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.

article thumbnail

The Watches of Switzerland Group accredited as living wage employer

Employee Benefits

Credit: T. Schneider / Shutterstock.com The Watches of Switzerland Group has been accredited as a real living wage employer by the Living Wage Foundation. As a result of this commitment, every Watches of Switzerland Group employee will receive a minimum hourly wage of £11.95 for those based in London and £10.90 for the rest of the UK. Both of these rates are higher than the government’s national living wage for those aged 23 and above, which currently stands at £10.42 per hour.

article thumbnail

25 Top Employee Diwali Gift Ideas in 2023

Empuls

Amidst the crisp autumn breeze and the vibrant hues of festive lights, the season of Diwali graces us with its warmth and splendor once again. As the world gets ready to celebrate the festival of lights, an equally luminous tradition takes center stage in the corporate realm – the art of giving Beyond spreadsheets and meetings, there's a heartfelt gesture that bridges the gap between employers and employees – Corporate Diwali gifts for employees.

article thumbnail

Scottish Opera and Royal College of Physicians and Surgeons of Glasgow launch financial wellbeing support

Employee Benefits

Credit: TreasureGalore / Shutterstock.com Scottish Opera and the Royal College of Physicians and Surgeons of Glasgow have introduced a financial wellbeing scheme in order to support their workforces. The two Glasgow-based employers have a combined total of more than 350 employees. Provided by Glasgow Credit Union, its Employer Partner scheme offers staff at both organisations access to competitively priced loans, savings and mortgage products via salary deductions at no additional cost.

article thumbnail

The retirement savings race gap is wide and growing

Employee Benefit News

In recent decades, a stubborn savings gap has persisted between white and Black Americans.

article thumbnail

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.