Wed.Aug 02, 2023

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How can pay transparency manage employees’ expectations around salary?

Employee Benefits

Need to know: In challenging times, it is important to foster trust in the workplace. Transparency around pay levels and salary capabilities helps to avoid frustration and misunderstandings and instead provide clarity and reassurance. When it comes to asking for a pay rise, knowing what those in a higher position are earning can help employees create more realistic expectations in terms of what they should be asking for.

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Leaving a Legacy: What It Means and How To Leave One (+ Examples)

BetterUp

Jump to section What does it mean to leave a legacy? The importance of leaving a legacy How to build a legacy: 4 steps Leaving a legacy in business: 5 ways What does leaving a legacy mean to you?

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Applifting promotes a fair reward system with pay transparency

Employee Benefits

Transparent pay strategies can entail openly disclosing employee salaries to other employees and potential recruits. The logic behind this is that it places everyone on the same page regarding expectations for salary and creates a fair conversation for employees that want to discuss pay rises. Founded in 2014, software development company Applifting’s open pay policy of disclosing the salaries of all 200 members of staff has been in place from the start.

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How does an FSA work for participants?

WEX Inc.

A flexible spending account (FSA) allows participants to save money by setting aside pre-tax dollars to pay for eligible medical, dental , vision and dependent care expenses incurred by you, your spouse, or your eligible dependents. Whether you’re a newcomer to the account or have routinely participated in this benefits staple, we’ve compiled answers to some common questions to help you better understand your FSA.

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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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California’s Caste Discrimination Bill: Combating Discrimination in the Golden State

HR Digest

In a move that could have far-reaching implications for the fight against discrimination, California is poised to become the first state to outlaw caste discrimination with the introduction of the groundbreaking California’s Caste Discrimination Bill. The bill, also known as the Anti-Caste Bill, seeks to include “caste” as a protected category under the state’s anti-discrimination statutes.

More Trending

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12 Employee Perks That Help Your Company Win in India?

Vantage Circle

Companies spend a lot of money arranging the best resources and hiring top talents but often overlook the importance of having an employee perks program in place. This directly has an impact on employee satisfaction. Often, this oversight can lead to job stress, high employee turnover, lack of productivity, and low profit. Employees are the fuel to any organization, and when their needs are met, they perform better and stay engaged and happier in their jobs.

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What to Know About Form CP-575 [IRS EIN Notice]

Patriot Software

Most businesses need—or will at some point need—an Employer Identification Number (EIN). You include your EIN on documents like Form W-2 and business tax returns. To get an EIN, you must apply with the IRS. In response, the IRS will send you an EIN confirmation notice called Form CP-575.

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Health insurers don't want you to know where your money is going

Employee Benefit News

American companies have alleged in a series of lawsuits that the country's biggest health insurers are squandering their money.

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Difference Between Proactive and Reactive Recruitment

HR Lineup

Recruitment is a critical function within any organization, as it directly impacts the quality of the workforce and, consequently, the company’s overall performance. In today’s competitive job market, businesses need to adopt effective recruitment strategies that help them attract and retain top talent. Two primary approaches to recruitment that organizations often employ are proactive and reactive recruitment.

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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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July Trending in Telehealth

McDermott Will & Emery Employee Benefits

Numerous states—including Alaska, Maryland, California and Colorado—have been busy finalizing rulemaking and legislation impacting Medicaid coverage and maternal health. What have these states been up to over the last month? Learn more here. The post July Trending in Telehealth appeared first on EMPLOYEE BENEFITS BLOG.

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Mapping Top Rewards and Compensation Trends for the Evolving World of Work

Darwinbox

A traditional one-size-fits-all approach to compensation is becoming obsolete as organizations strive to adapt to a multitude of changes. Organizations are recognizing the need to adapt and embrace emerging trends that prioritize employee well-being, diversity, flexibility, and sustainable growth. In this blog, we will explore some of the ways in which rewards and compensation strategies will be shaped in the years to come.

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For benefit advisers, a guide to managing client change and generating results

Employee Benefit News

Only after a thorough review of company culture, employer expectations and employee satisfaction can a strategic plan be designed.

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Topgrading: A Comprehensive Guide to Talent Optimization with Qandle

Qandle

Topgrading is a talent management methodology aimed at hiring and retaining the best-performing individuals within an organization. This comprehensive approach focuses on selecting top talent, developing their skills, and aligning them with the company’s goals and culture. In this blog, we will delve into the core principles of topgrading and explore how Qandle, a leading HR platform, can be utilized as a powerful tool to implement and streamline topgrading practices.

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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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4 ways organizations fail to upskill and retain their talent

Employee Benefit News

Kristi Leimgruber, a behavioral scientist at BetterUp, shares why employers fall short of their growth goals.

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What to Do When Your Insurance Carrier Leaves the Market

AssuredPartners

Insurance is crucial to our lives, providing protection and peace of mind against unforeseen events. However, the insurance landscape is dynamic, and sometimes insurance carriers make the difficult decision to leave the market. When this happens, policyholders often receive non-renewal letters informing them that their coverage will not be renewed once their current policy expires.

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Are return-to-work mandates really the solution to productivity?

Employee Benefit News

Workplace experts weigh in on whether forcing employees back to work will actually drive business.

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The True Value of Employee Benefits

Benefit Resource Inc.

As the business landscape evolves, companies often face the challenge of managing costs while maintaining a productive and satisfied workforce. According to Care for Business research, over 40% of HR leaders plan to recalibrate or trim their benefits offerings in the coming year. While the immediate cost-saving benefits may seem tempting, slashing employee benefits can have detrimental long-term effects on the workforce and the organization.

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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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Leaders from PepsiCo, AECOM and SAP share their best benefits strategies

Employee Benefit News

Get a sneak peak of the expert discussions that will take place on stage at EBN's upcoming conference, Benefits at Work.

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PurelyHR

HR Lineup

PurelyHR is an innovative and comprehensive HR software solution designed to simplify and streamline everyday human resources management tasks. With its user-friendly interface and powerful features, PurelyHR aims to enhance the efficiency of HR professionals and empower organizations to effectively manage their workforce. At its core, PurelyHR offers a diverse range of modules that cater to various aspects of HR management.

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Did you know?

McNees

McNees’ Benefits Group will be issuing a “ Did you know? ” series throughout the year providing short compliance reminders. Did you know that beginning in January 2024, participants may only make Roth catch-up contributions to their 401(k) (and may not make pre-tax catch-up contributions) if they earned more than $145,000 (as adjusted by the Secretary of the Treasury) in the previous year?

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California Appellate Court Ends Decades Old WCAB Procedure Granting Reconsideration to Further Study Issues in Cases

The Workcomp Writer

In a decision Tuesday that likely registered 7.5 on the Richter scale, the Court of Appeal of California (Second Appellate District) issued a writ of mandate requiring the state’s Workers’ Compensation Board (Board) to comply with Labor Code section 5908.5 when granting reconsideration and, therefore, to cease its long-standing practice of granting reconsideration “to allow a sufficient opportunity to further study the factual and legal issues” in cases before the Board [ Earley v.

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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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Polite Strategies for Declining a Job Interview in a Recruiter Email

Professionals Alternative

[link] Striking a Balance: Polite Strategies for Declining a Job Interview in a Recruiter Email Introduction to job interview invitations via recruiter emails In today’s competitive job market, receiving a job interview invitation via a recruiter email can be an exciting opportunity. It signifies that your skills and qualifications have caught the attention of a potential employer.

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Prioritizing Employee Health and Well-Being

eni

As HR professionals, we hold a critical role in ensuring the holistic well-being of our company's employees. Employee health and well-being encompass physical fitness, mental health, emotional resilience, and social connectedness. This multifaceted approach recognizes that healthy employees are happier, more engaged, and contribute positively to the organization's success.

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Summertime tax scams are going strong

Business Management Daily

While some scammers and phishers are using the U.S. mail for their own nefarious purposes, the main avenues for tax scams remain email and text messaging—these methods reach many more people at a fraction of the cost of a stamp. It would be good to inform employees about these scams. Economic impact payments Remember the three checks everyone got from the government during the teeth of the pandemic?

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FOOTPRINT+ event moves to Old Billingsgate from Brighton

Workplace Insight

After two years on Brighton seafront, FOOTPRINT+ will relocate to London for 2024. The sustainability event’s new home will be Old Billingsgate Market; re-purposed by partner Marco Goldschmied of RSHP in 1985-88 for National Westminster Bank Plc. The building itself enjoyed a low-carbon retrofit, from the 19th century’s largest fish market to a central London prime event space.

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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.