Mon.Feb 12, 2024

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5 ways to attract and retain (without increasing base pay)

Achievers

In the 7th annual Engagement and Retention Report from Achievers Workforce Institute, the number one reason employees gave for job hunting in 2024 is better compensation. What does that mean for business leaders who need to attract, motivate, and retain with tight payroll budgets? The focus on compensation is new — historically career progression has been the top reason, and in 2023 work flexibility jumped to the top spot.

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What is Time and Attendance Management in HR?

Darwinbox

Time is a precious resource, especially within the realm of human resources (HR). Effective time management is vital for organizations to run smoothly and efficiently. This is where time and attendance management comes into play. This article provides an overview of the importance of time and attendance management in HR. It discusses the benefits of implementing a time and attendance management system and the various features that can be utilized.

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The key topics shaping the future of workplace financial wellbeing

Employee Benefits

Financial wellbeing has a key role to play in supporting HR goals such as recruiting and retaining employees and improving productivity. However, the factors influencing financial wellbeing strategies are changing. With insight from its latest Financial Wellbeing Research 2023 [1] in association with Reward & Employee Benefits Association, WEALTH at work reveals some of the key topics set to shape future financial wellbeing strategies.

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Safeguarding Your Business MVPs: The Power of Key Person and Disability Insurance

CorpStrat

In the world of sports, MVPs like LeBron James and Shohei Ohtani are considered invaluable assets to their teams. These players drive success, just like your key employees do for your business. However, have you considered what would happen if unexpected events were to occur? We’re talking about things like illness, disability, or the loss of a key team member.

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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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What actions can employers take to close the gender pensions gap?

Employee Benefits

More employers could introduce gender inclusive paid parental leave to prevent and try to close gender pension gaps. The Pensions (Extension of Automatic-Enrolment) (No. 2) Bill will remove the lower earnings limit, enabling more employees to pay into a pension. In order to help close the pensions participation gap, more education on schemes is needed.

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More Trending

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The soft and hard skills every HR and benefits pro needs

Employee Benefit News

Having the right combination of competencies keeps us focused, organized and committed to innovation, collaboration and data mining.

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What Are The HR Assessment Tools To Identify Top Candidates in 2024?

Darwinbox

In today's competitive job market, finding the right candidate is crucial. HR assessment tools streamline the hiring process by evaluating candidates effectively. These tools provide insights into skills, abilities, and personality traits. They revolutionize talent acquisition. In this article, we'll explore why HR assessment tools are crucial for identifying top candidates.

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PayrollOrg Offers Comments on Artificial Intelligence to United Nations

PayrollOrg

PAYO sends letter to United Nations about artificial intelligence and payroll.

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What is Time and Attendance Management in HR?

Darwinbox

Time is a precious resource, especially within the realm of human resources (HR). Effective time management is vital for organizations to run smoothly and efficiently. This is where time and attendance management comes into play. This article provides an overview of the importance of time and attendance management in HR. It discusses the benefits of implementing a time and attendance management system and the various features that can be utilized.

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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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15 Highest-Paying Tech Jobs in 2024

BetterUp

Learn about 15 of the highest-paying tech jobs and transition into a lucrative career. Find out what it takes to hold and excel in these roles.

IT 96
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The Importance and Need for HR Document Management Software

Darwinbox

It’s no secret that HR departments handle a lot of paperwork daily – but manual processes can be time-consuming and inefficient. HR document management software solves this problem by digitizing, streamlining, and automating HR document processes. In this article, we'll discuss the challenges of manual HR document management and why adopting software is crucial for fast-growing businesses.

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Ready to hire? Make sure your background checks are compliant with clean slate laws and more

Employee Benefit News

Checkr found that 51% of organizations were either uncertain whether their screening policies were compliant or didn't have a policy at all.

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What is the Role of HR in onboarding?

Darwinbox

Starting a new job can be overwhelming, which is why the onboarding process is crucial for integrating new hires smoothly. HR teams play a vital role in this process, creating an exceptional employee experience from day one. This article explains the importance of HR in the onboarding process and how they contribute to creating an exceptional employee experience from day one.

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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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The Ultimate Guide to Recruitment Marketing

HR Lineup

In today’s competitive job market, attracting and retaining top talent has become increasingly challenging for companies across all industries. Recruitment marketing has emerged as a powerful strategy to address this challenge by leveraging marketing principles to attract, engage, and nurture potential candidates throughout the hiring process.

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Digital Performance Management: Optimize Employee Performance in Real-Time

Darwinbox

In the digital world, HR is more than just hiring and managing employees. HR now plays a strategic role in driving performance and engagement through technology. Digital performance management uses technology to monitor and optimize employee performance in real time. This article provides an overview of the importance of digital performance management and how to implement it in HR.

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GLP-1 Drug Coverage in Canada

International Foundation of Employee Benefit Plans

A new survey report from the International Foundation of Employee Benefit Plans reveals results from a group of Canadian employers regarding considerations and coverage for glucagon-like peptide-1 (GLP-1) drugs, which have historically been used to treat diabetes and are increasingly being used […] The post GLP-1 Drug Coverage in Canada appeared first on Word on Benefits.

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What are the Features of an Effective Performance Management System?

Darwinbox

A well-designed performance management system is crucial for optimizing operations and maximizing productivity in organizations. It involves setting goals, assessing employee performance, providing feedback and coaching, and rewarding achievements. This framework aligns individual efforts with organizational objectives, enhances productivity, fosters growth opportunities, and drives success.

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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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Heightened Labor Scrutiny Looms Over Workplace Rules

McDermott Will & Emery Employee Benefits

A recent National Labor Relations Board decision will likely expose a broader range of workplace rules to regulator enforcement. According to this HR Dive article, introducing even ordinary workplace rules during unionization could draw new scrutiny. However, as Christopher Foster and Marjorie C. Soto Garcia explain, there are steps employers can take to mitigate risk. […] The post Heightened Labor Scrutiny Looms Over Workplace Rules appeared first on EMPLOYEE BENEFITS BLOG.

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The Importance and Need for HR Document Management Software

Darwinbox

It’s no secret that HR departments handle a lot of paperwork daily – but manual processes can be time-consuming and inefficient. HR document management software solves this problem by digitizing, streamlining, and automating HR document processes. In this article, we'll discuss the challenges of manual HR document management and why adopting software is crucial for fast-growing businesses.

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A year after SECURE 2.0, retirement race gap remains stubborn

Employee Benefit News

White Americans still have twice as much retirement wealth as savers of color, research shows.

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What are the Top Transformational HR Practices to Follow in 2024

Darwinbox

Transformational HR practices are the key to unlocking organizational success by creating a culture of growth, empowerment, and innovation. This article provides you with a detailed overview of the top transformational HR practices to follow in 2024 -- including leadership strategies, technology innovation, employee development, agile performance management, and change management.

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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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'Super Bowl flu'? Employers prepare themselves for up to 16 million post-game sick days

Employee Benefit News

Super Bowl Monday is routinely named as one of the least productive days on the calendar.

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The Importance and Benefits of A Blended Workforce Strategy

Darwinbox

By blending different types of talent, such as full-time employees, freelancers, and contractors, organizations can adapt more readily to changing business needs and market demands. It is one of the key requirements in today’s changing global economy. This article explains the importance of having a blended workforce strategy and the benefits it brings to organizations.

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3 ways to help employees catch cancer sooner

Employee Benefit News

Early detection can reduce late-stage diagnosis, cutting costs and saving lives.

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How Has Attendance Management Evolved in 2024

Darwinbox

Attendance management systems are software solutions that automate and streamline how organizations track employee attendance. They record hours worked, track absences, calculate overtime, and generate reports. In this article, we'll explore the benefits of using an attendance management system, key features to consider, and best practices for implementation.

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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.