Tue.Oct 18, 2022

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The future of recruiting: 8 ways to win the talent war

Insperity

Many businesses, regardless of size, type or industry, have found themselves in the trenches of today’s talent war, and the future of recruiting seems complicated and murky. Today, attracting and retaining top talent is one of the most pronounced challenges that leaders face. Why is there a talent war? Employees have a wider range of career options than they ever have before.

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Addressing the Employee Financial Literacy Gap

Best Money Moves

Addressing the employee financial literacy gap. Here’s how a lack of financial literacy can affect your employees and what you can do to help solve the problem. Only one-third of Americans have a solid understanding of interest rates, mortgage rates, and financial risk, according to the Financial Industry Regulatory Authority. This measure of financial literacy has fallen 19 percent over the past decade and is estimated to have cost Americans more than $415 billion in 2020 alone. .

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New Law Bars ‘Discrimination’ Against Cannabis-Using Employees

InterWest Insurance Services

California Governor Gavin Newsom has signed into law legislation that would bar employers from discriminating against employees and job applicants who use cannabis on their time off. The law amends the California Fair Employment and Housing Act (FEHA) to prohibit discrimination against an individual based on “an employer-required drug screening test” that detects the presence of “nonpsychoactive cannabis metabolites in their hair, blood, urine, or other bodily fluids.” Th

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The importance of work life balance and how employers can improve it

Business Management Daily

Despite what some Millennials and members of Gen Z believe, work-life balance is far from a new concept. Decades of employees have been trying to find the best ways to merge their personal and professional lives to obtain satisfaction in both spheres. Back in the 1980s when the term first gained popularity, people often envisioned good work-life balance as a scale.

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The Ultimate Performance Review Checklist

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.

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Menopause in the workplace: a mindful and supportive approach

Sodexo Engage

Summary: Why we need to continue the conversation. Menopause and discrimination. The symptoms of menopause. Mental health. Physical health. How can businesses support employees through menopause? How Sodexo Engage can help you make that crucial difference. MENOPAUSE IN THE WORKPLACE: A MINDFUL AND SUPPORTIVE APPROACH. Tuesday 18th October is World Menopause Day.

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Eighth Circuit Joins Growing Number of Courts Rejecting Common ERISA Fee and Investment Claims

Proskauer's Employee Benefits & Executive Compensa

In Matousek v. MidAmerican Energy Co. , 2022 WL 6880771, __ F.4th __ (8th Cir. 2022), the Eighth Circuit joined the Sixth and Seventh Circuits in affirming dismissal of ERISA breach of fiduciary duty claims alleging that the plan fiduciaries allowed the plan to pay excessive recordkeeping and administrative fees and offered imprudent investment options.

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Diversity, Equity, and Inclusion

Florida Workers' Comp

A major feature of the 2022 WCI conference was familiarity. Certainly, we all returned in 2021, following the Great Pandemic. But, that was December, similar, but different. The 2022 experience was much more familiar, August, humid, kindred. The faces were similar, and there were many chances to rekindle connection, foster community, and exchange thoughts about workers' compensation generally, and our future challenges specifically.

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3 Ways to Support Employees Dealing With Cancer

International Foundation of Employee Benefit Plans

Imagine…Your employee comes to you with a devastating cancer diagnosis. Are you prepared for the questions and concerns that follow? Do you have resources readily available? In honor of October’s. Read more > The post 3 Ways to Support Employees Dealing With Cancer appeared first on Word on Benefits.

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Need Reasons to Hire Veterans? Here Are a Dozen!

Patriot Software

Veterans, who have worked to protect the U.S., can be skilled, responsible employees who bring multiple advantages to your small business. Reasons to hire veterans There are plenty of reasons to hire veterans. Here are some of the unique experiences and strengths a veteran can bring to your business. Veterans are team players. Military training […] READ MORE.

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Want To Enhance Your Total Rewards To Achieve Organizational Success? Start Here.

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

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Monkeypox in the Workplace: Key Considerations for Employers

McDermott Will & Emery Employee Benefits

With much about the potential impact and scope of monkeypox still unknown, employers should consider taking proactive steps now, as may be appropriate for their workforce, to enhance and reinforce the safety protocols already in place from the COVID-19 pandemic. In this Employee Relations Law Journal article, McDermott’s Michelle S. Strowhiro, Lindsay Ditlow and Priya […].

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What Are Allocated Tips?

Patriot Software

In the foodservice industry, tips are an important part of employee compensation. Tips are added to employee wages so they can earn at least minimum wage. But, what happens when a tipped employee earns few tips? What are allocated tips? Allocated tips are amounts given to tipped employees in addition to the tips they report. […] READ MORE.

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Extension of Statute of Limitations in Ohio R. C. 4123.28 Does Not Apply to Death Claims

The Workcomp Writer

In a divided opinion, an Ohio appellate court affirmed a decision of a state trial court that granted summary judgment to an employer in a death benefits case that had originally been filed before the Industrial Commission by the girlfriend of a deceased worker who sustained a “near instantaneous death” on December 16, 2017, while working for the employer [ Ramos v.

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How to Fire an Employee the Legal Way

Patriot Software

Firing an employee is a tough decision for any business owner. Make sure to do it the legal way. No one likes to fire an employee. You may be concerned about hurting the feelings of a likable, yet unproductive, worker. You may know how financially devastating it will be for a hard worker that you […] READ MORE.

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How to Build the Ideal HR Team

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.

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20 Must-Have HRMS Tools for CHROs

Empuls

Human Resources (HR) has diverse tasks, making managing complicated. They have to handle the payroll system, recruitment, retention, training, and performance management of employees. Chief Human Resources Officers (CHROs) must ensure that the organization meets these aspects. Human resources management systems (HRMS) can help CHROs manage their responsibilities, allowing the team to have a more comfortable, productive workplace.

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Paid vs. Unpaid Internships: What Are the Risks?

Patriot Software

Offering internships can be a great way to partner with your local university to train future leaders in your field. But there’s a point of contention … paid vs. unpaid internships. So, if you’re using unpaid interns instead of putting them on your payroll, you may be running afoul of the law. The biggest offenders […] READ MORE.

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2023 Contribution Limits Announced for FSA and Commuter

Benefit Resource Inc.

The IRS released the 2023 contribution limits for Mass Transit and Parking, Medical FSA, and Adoption Assistance in Revenue Procedure 2022-38. The limits are effective for plan years that begin on or after January 1, 2023. 2023 CONTRIBUTION LIMIT: MASS TRANSIT AND PARKING. Maximum Election : $300 / month (up from $280 / month in 2022). 2023 CONTRIBUTION LIMIT: MEDICAL FSA.

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How to Maintain Payroll Confidentiality

Patriot Software

Payroll includes a lot of confidential information. Your payroll records include both business and employee information. There are names, addresses, Social Security numbers, dates of birth, pay rates, benefits, deductions, and bank accounts. With so much sensitive information, it is important to maintain payroll confidentiality. Why payroll confidentiality is important There are several reasons why […] READ MORE.

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An HR Leaders Guide: 7 Questions To Ask When Developing Your Cancer Strategy

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?

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Estimated Time on HR: Procuring Benefit Plans and Open Enrollment Administration Tasks

Stratus.HR

Open enrollment is the annual time for employees to make benefit election changes for the upcoming year. But before open enrollment can happen, you will need to spend some time procuring the right plan(s) for your company’s HR (human resources) strategy. . If you are wondering how much time should be allotted for these tasks, our benefits experts have outlined the general processes and estimated time required for each one below.

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How to Find Interns for Your Small Business

Patriot Software

You have done your research and know how to structure a successful internship program. And per the U.S. Department of Labor rules, you’ve determined that you will need to pay any interns you bring on board. But, do you know how to find interns who want to work for you? What are you hoping to […] READ MORE.

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Considerations When Planning to Join a Cluster

InterWest Insurance Services

This is the second part of a two-part series on the factors you should take into account if you are considering joining an insurance agency cluster. Last week we looked at a number of issues that an agency needs to consider when looking to join a cluster, including area of operations, account ownership and fees and expenses. In this article we look at other important parts of the cluster relationship that should be top of mind.

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Adding Workers With Disabilities to Your Payroll: Info for Employers

Patriot Software

In a 2021 survey by the Bureau of Labor Statistics, the unemployment rate for people with disabilities was 10.1 percent, with a slight decrease from the previous year. This is about twice as high as the current unemployment rate of people without disabilities. A large proportion of individuals with disabilities (82.5%) are not in the […] READ MORE.

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The Complete People Management Toolkit

From welcoming new team members to tough termination decisions, each employment lifecycle phase requires a balance of knowledge, empathy & legal diligence.

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Conflict Management Styles That Actually Work

BetterUp

Conflict is an unavoidable part of any workplace, as well as in any relationship. Whether you’re at odds with a coworker, your spouse, or your best friend, how you manage those conflicts makes all the difference. It’s an essential part of building strong personal relationships and maintaining healthy business relationships. On some levels, we each hold different conflict management styles that help inform how we react to conflict.

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How to Handle Tax Withholding for Children on Payroll

Patriot Software

Employers often have minors on their payroll. Children might work for you during the summer or after school. There are some important things you must remember when you hire children, such as child labor laws. You must also remember to withhold taxes from the wages of children on payroll. Before you withhold taxes When you […] READ MORE.

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Will You Lose Your Job in a Recession? How to Protect Yourself

BetterUp

Jump to section. What is a recession, and what can cause one? Who loses jobs in a recession? What are the best jobs during a recession? What can you do to protect yourself against a recession? What to do if you’re laid off. Don’t lose hope.

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7 Tips to be a Good Mortgage Loan Officer

Professionals Alternative

7 Tips to be a Good Mortgage Loan Officer. To be a good mortgage loan officer, you must monitor your competition, stay focused, and work well with your team. If you follow our tips, you’ll have no trouble succeeding in your career path and staying productive. However, if you ignore the things we discuss, you might have trouble retaining a job as a mortgage loan officer for a successful company.

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6 Steps to a Better Compensation Strategy

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.