Wed.Nov 15, 2023

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BT boosts employees’ pension knowledge with financial education programme

Employee Benefits

For the last 11 years, BT has rolled out a programme of financial education for its employees to help them plan for retirement. So far, it has been delivered to approximately 80,000 of its UK employees. Kerry Shiels, pension and benefits director at BT, says: “It is very important that employees understand their BT pension and the retirement decisions they will need to make in the lead up to, and at, retirement.

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People spending more time in offices in search of social interaction

Workplace Insight

Office workers now spend more time in the office, with the average creeping up to three and a half days per week compared to three days in 2022 , according to a new report from international law firm, Gowling WLG. The report, titled Strategic moves: why the office is now a business-critical decision [registration], surveyed senior representatives responsible for making office lease decisions in companies, and a selection of office workers.

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Top tips for boosting employees’ pensions knowledge 

Employee Benefits

Need to know: Employers can tailor content and communication channels to different employee groups to help with their pensions knowledge. Losing the jargon will make the language of pensions easier to understand and more relevant to staff. They could invest in financial coaching for a more personal approach to pensions education. Workplace pensions are one of the most valuable elements of the benefits package.

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Manager feedback questions to ask your employees and improve your leadership

Business Management Daily

Most managers understand the importance of providing timely feedback to their direct reports, but it’s important to remember that feedback isn’t just for employees, Effective leaders also welcome and request constructive feedback. Receiving actionable feedback from your peers and direct reports is a great way to aid your own professional development as a manager.

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From Payroll Pains to Growth Gains: Streamlining Payroll & HR for Success

Speaker: Joe Sharpe and James Carlson

In the world of small business management, the challenge of managing payroll & HR efficiently while scaling operations can be overwhelming. Yet, with the right strategies in place, these challenges can become opportunities for growth and innovation. In this session, Joe Sharpe, Senior Director of Managed Payroll Services at IRIS, will reveal practical methods and expert insights for outsourcing and streamlining payroll processes, resulting in substantial time and resource savings.

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Parental Pauses: Empowering Mothers Re-Entering The Workforce

Wellable

More moms are taking career breaks. These aren’t setbacks—they are opportunities for upskilling. How can employers support mothers returning to work? The post Parental Pauses: Empowering Mothers Re-Entering The Workforce appeared first on Wellable.

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SALARY SACRIFICE: MAKING EMPLOYEE BENEFITS COST-NEUTRAL

Employee Benefits

With 50% of employers planning to increase spend on financial wellbeing in place of offering wage increases and cost-of-living payments, it’s never been more important to make employee benefits sustainable. Salary sacrifice solutions can help to make employee benefits cost-neutral, freeing up the budget to utilise in other business areas. Read on to discover the financial wellbeing trends we expect in 2024 and how you can embed them within your business.

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SSA/IRS Reporter Features Three PayrollOrg Articles

PayrollOrg

The third quarter edition of the SSA/IRS Reporter contains three PAYO articles.

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What is a catastrophic health insurance plan?

PeopleKeep

Healthcare costs continue to rise , making it increasingly difficult for people to find affordable coverage. In response to this, catastrophic health plans have emerged as an alternative option for those who are relatively healthy and primarily seeking coverage in case of major medical events.

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10 best and worst cities for working women

Employee Benefit News

Checkr ranks the 100 largest cities in the U.S. according to which ones offer the best professional opportunities for women.

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Plant the Seed for Successful Onboarding!

Our Free Welcome Email Templates (designed for both in-office or virtual employees) are ready for you to customize and use to plant the seeds of success for new team members.

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The Workplace Cocktail Hour with Jo Sutherland and Esme Banks-Marr

Workplace Insight

Mark Eltringham is joined for a glass of red wine (or two) by Esme Banks-Marr of BVN architects and Jo Sutherland of Magenta. They discuss the joys of shared space, when people should tell AI to FO, the limits of workplace design, how to create a great culture wherever people work and much more. This is the first in a new series which we hope to publish every week.

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Cigna is following Mark Cuban's lead and making drug prices simpler

Employee Benefit News

Next year Cigna's Express Scripts subsidiary will offer employers and health plans the option to pay pharmacies up to 15% above their wholesale costs.

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Firms make lots of noise about social mobility but don’t always act on it

Workplace Insight

A new report on social mobility, conducted by the charity Making The Leap , claims that only a third of employers (35 percent) took any action on the retention and inclusion of job candidates from less advantaged socio-economic backgrounds (LSEB) candidates this year. This is down from 53 percent in 2022, showing a significant decline in prioritising a key element of social mobility, and significantly lower than those that say they are focussed on recruiting candidates.

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Despite jury verdict, why this ERISA retaliation claim was upheld

Employee Benefit News

Recently, retaliation has been claimed when employees incurred significant medical expenses that were to be paid by their employers.

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Engage, Empower, Excel: Transforming Performance in the New Era of Work

Speaker: Radhika Samant and Adri Glover

The world of work has fundamentally changed. The series of waves that the pandemic began have rippled through the Great Resignation, quiet quitting, the Great Regret, and other eloquent phrases that boil down to the same thing: people aren’t engaged at work or enabled to perform at their best. The truth is that engagement and enablement is more important than ever, but how we do it is the critical differentiator for many organizations.

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Recognizing Warning Signs of Employee Fraud Through Prevention, Detection and Response

International Foundation of Employee Benefit Plans

Although most employees have no intention of stealing from their employers, fraud happens regularly to employers in every country, regardless of the size of the company or the industry. In the webcast, Employee Fraud—Prevention, Detection and Response, recorded on October 10, 2023, […] The post Recognizing Warning Signs of Employee Fraud Through Prevention, Detection and Response appeared first on Word on Benefits.

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‘Return-to-office’ rates vary widely across Europe

Workplace Insight

A new survey from JLL, Is hybrid really working? [registration] claims that the majority of international organisations (87 percent) are encouraging employees to work from the office at least some of the time. In fact, only 20 percent of employees who can work remotely all of the time or one-two days in the office now do so, down from 39 percent a year ago.

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What the end of IBM's 401(k) match could mean for the future of retirement plans

Employee Benefit News

Does the tech giant's move signal the return of pensions? John Lowell of October Three consulting weighs in.

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True Fostering becomes employee-owned

Employee Benefits

Fostering, social work and adoption agency True Fostering has become an employee owned after setting up an employee ownership trust (EOT) for its workforce. True Fostering, which operates under the Centre of Excellence in Child Trauma umbrella, made the decision to transition to an EOT structure to position it as a front-runner in its sector and to solidify its dedication to the wellbeing of children and foster families.

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How to Increase Diversity in Your Workforce Through AI Technology

Diversity and inclusion are crucial for building a strong and innovative workforce. Discover how AI technology can revolutionize your hiring process and drive diversity in your organization. Explore over 10 ways AI recruiting tools can help you identify a wider pool of candidates, enhance communication strategies, and eliminate unconscious bias. Embrace the future of recruitment and create a more diverse and inclusive workplace with AI technology.

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More meetings, more loneliness? The risk of 'forced togetherness'

Employee Benefit News

Data from Perceptyx found that employees with meeting-heavy schedules were twice as lonely as those with emptier calendars.

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Barrhead Travel introduces menopause champions

Employee Benefits

Barrhead Travel has launcheda dedicated team of menopause champions to support its 500 employees. The team comprises five volunteer employees that represent departments across the business. It includes staff who have experienced menopause, are currently going through menopause and passionate advocates. The team’s priorities will focus on education and advice for all employees, whether they are experiencing the menopause themselves or looking to support loved ones.

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What is the difference between an LMS vs LXP?

cipHR

Learning management systems (LMS) and learning experience platforms (LXP) are — contrary to widespread belief — not interchangeable terms. Functionality and aesthetic are two major differentiators between these two platform types, which will affect their suitability for your organisation. Learn more about the features and uses of an LXP, and how it’s different to an LMS Decisions are difficult.

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RSA Insurance to introduce equal parental leave

Employee Benefits

RSA Insurance is to introduce equal parental leave from January 2024 in order to add to its family-friendly provision. The new policy will offer all parents up to 52 weeks of equal leave, 26 of which will be fully paid. It will apply to any employee with six months’ service, whose child or children are born or adopted after 1 January 2024. It has made the move to enhance and equalise parental leave to allow all staff to share in the first months of parenthood and re-balance the responsibilities

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How To Empower Your Workforce With Modern Fertility Benefits

Speaker: Andrea Wuchiski

In an era where a workforce spans multiple generations, HR managers and Total Rewards leaders face the unique challenge of designing benefits packages that cater to diverse employee needs. This session will delve into how comprehensive fertility benefits can bridge generational gaps, support employees’ health, and enhance workplace satisfaction. Join us for an insightful session that highlights the strategic importance of fertility benefits in today’s competitive job market.

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Navigating Inflation and the Strategic Role of Employee Benefits

Benefit Resource Inc.

In the dynamic landscape of the modern workforce, employers and HR professionals are faced with the challenge of not only attracting top talent but also ensuring the well-being of their existing employees. One often-overlooked aspect that plays a pivotal role in employee satisfaction, particularly during times of inflation, is the impact of rising costs on employee benefits.

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Ella Bond: The effects of a tribunal about dismissal regarding returning to office

Employee Benefits

In the legal case Follows v Nationwide Building Society , an employee was awarded almost £350,000 in compensation after successfully claiming unfair dismissal and indirect disability discrimination by association. The case serves as a stark reminder for employers to exercise caution when imposing mandates for employees to return to the office, particularly without considering individual circumstances.

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Injured PA Workers’ Comp Attorney Should Have Been Reimbursed for Cost of Cannabinoid (CBD) Oil Prescription

The Workcomp Writer

In a split decision that will likely have to be ultimately determined by the Supreme Court of Pennsylvania, the state’s Commonwealth Court held that the Pennsylvania Workers’ Compensation Appeals Board committed error when it reversed a Workers’ Compensation Judge’s decision granting a claimant’s penalty petition for the employer’s refusal to reimburse the claimant for cannabinoid (CBD) oil prescribed by the claimant’s treating physician [ Schmidt v.

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UAW Strike May Impact Wages & Compensation for SMBs

BerniePortal

Why Should Employers Care About the UAW Strike? Throughout American history, unions have committed resources and manpower to strikes. Strikes occur when a planned employee walk-out or refusal to work results in halted production, forcing companies to agree to terms or face financial losses. The UAW, or the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America, executed one of the most impactful strikes in recent U.S. history.

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Interview Scorecard Free Downloadable Template

Making effective hiring decisions can be challenging, but with a standardized evaluation process, you can improve your chances of finding the ideal candidate every time. Discover the benefits of using interview scorecards to assess and compare candidates, ensuring fair and consistent evaluations. Our free interview scorecard template allows you to customize criteria and track candidate progress, helping you make informed hiring decisions.