Thu.Sep 07, 2023

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Building Generational Wealth

Money Talk

This year, my husband and I kept our Christmas tree up until late March by converting it to a red Valentine’s Day tree in February and a green St. Patrick’s Day tree in March. Back in March, I posted a photo of my tree full of green shamrocks and noted that my grandparents were Irish immigrants who came to America with dreams for a better life and very little money.

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AI is giving business leaders the heebie-jeebies, new poll suggests

Workplace Insight

An overwhelming majority of business leaders (94 percent) admit to some form of ‘tech anxiety’ when it comes to AI and other technology, according to a new survey from Kin + Carta. This anxiety is on the rise as the pace of digital and technological change accelerates, and is prompting top executives to invest more in digital transformation, according to the survey.

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5 ways to alleviate your employees' hesitations with choosing in an FSA

WEX Inc.

Most employees are about to have the opportunity to re-evaluate their benefits options during open enrollment. Flexible spending accounts (FSAs) are a powerful tool for individuals and employers to save money on healthcare and dependent care expenses. However, despite the numerous advantages, some employees remain hesitant to embrace this valuable resource.

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How to rebuild social connection for high-performance hybrid work: a deep-dive for workplace innovators

Workplace Insight

Social connection is often cited as a justification for return-to-office mandates, many of which are not well received by employees. This suggests that merely spending time in the office isn’t enough to spark the connection that gets ideas flowing, ramps up performance and creates a cohesive culture. So, if physical presence alone isn’t enough to rebuild connection, what is?

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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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Reward & Recognition: Boost Motivation to Avoid Procrastination

Sodexo Engage

Procrastination costs UK businesses billions each year. Discover how to increase motivation to reduce procrastination through rewarding with eVouchers.

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Mental Health

Florida Workers' Comp

In August, the Washington Post (WaPo) broke a story that could be viewed from various perspectives. Some might say it is about misrepresentation, or perhaps mental health, or disability, among others. The headline was eye-catching: 5,000 pilots suspected of hiding major health issues. Most are still flying. If you ever fly anywhere, that headline might draw your attention.

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Group Health Plan Affordability Level Cut Significantly for 2024

InterWest Insurance Services

The IRS has significantly reduced the group plan affordability threshold — which is used to determine if an employer’s lowest-premium health plan meets the Affordable Care Act rules — for 2024. The threshold for next year has been set at 8.39% of an employee’s household income, down significantly from 9.12% this year. The lower threshold will likely require employers to reduce their employees’ premium cost-sharing level for their lowest-cost plans in 2024, to avoid running afou

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The ‘Data Evaluation Requirement’ for NQTLs Under the Newly Proposed MHPAEA Regulations

McDermott Will & Emery Employee Benefits

Last week’s post examined the “no more restrictive” requirement that would apply to non-quantitative treatment limitations (NQTLs) set out in recently proposed regulations under the Mental Health Parity and Addiction Equity Act (MHPAEA). (Our description of the proposed regulations is available here.) The proposed regulations deal principally with NQTLs, which are non-numeric benefit coverage limits […] The post The ‘Data Evaluation Requirement’ for NQTLs Under the Newly Proposed MHPAEA Re

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Five Tips for a Successful Benefits Open Enrollment

International Foundation of Employee Benefit Plans

The arrival of fall signals the start of benefits open enrollment season for many organizations. A 2020 International Foundation survey found that benefits open enrollment periods most often begin in October and November—which means open enrollment starts in just a few weeks […] The post Five Tips for a Successful Benefits Open Enrollment appeared first on Word on Benefits.

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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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The pros and cons of a 4-day workweek

Employee Benefit News

Employers who have gone on to make the scheduling shift have cited improvements to retention and company culture.

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Narcissistic leaders cause employees undue stress in crisis situations

Workplace Insight

Vulnerable narcissistic leaders are especially likely to make employees irritated during crisis situations, reveals new research from NEOMA Business School. Birgit Schyns, Distinguished Professor of People & Organisations at NEOMA, and co-authors analysed survey data on workers in the UK education sector during the COVID-19 pandemic. Respondents reported their levels of irritation and Coronavirus-related worry in five weekly surveys, as well as their experiences with vulnerable narcissistic

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How to ensure your company makes the most of its benefits dollars

Employee Benefit News

A Pew Research Center survey found that 43% of people who quit their jobs did so because of inadequate benefits.

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4 Reasons Employees Hate Open Enrollment Season

Flimp Communications

No one expects open enrollment to be fun, but why can’t it at least be an opportunity for employees to recognize the value of your company’s generous benefits offerings? Here are some of the most common reasons employees dislike OE, along with some quick tips to solve each problem: The post 4 Reasons Employees Hate Open Enrollment Season appeared first on Flimp.

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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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12 Best Virtual Career Fair Platforms in 2023

HR Lineup

In the ever-evolving landscape of job hunting and recruitment, virtual career fairs have become an integral part of the process. These online platforms offer a convenient and efficient way for job seekers to connect with potential employers and explore career opportunities. As we step into 2023, the demand for virtual career fair platforms is higher than ever.

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Virtual physical therapy may be a key to battling the opioid crisis

Employee Benefit News

A new report by Hinge Health highlights the benefits of digital therapy in treating pain and keeping employees off of opioids.

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5 Emotional Intelligence Skills & Their Benefits

BetterUp

Jump to section What’s emotional intelligence? What are emotional intelligence skills?

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Lawsuit Proceeds Against Amazon For Scheme to Obstruct a Workers’ Compensation Claim

Workers' Compensation

An injured Amazon fulfillment center worker brought an action against Amazon.com Service LLC [AMAZON] for acts of its Third-Party Administration (TPA), Sedgwick CMA-Philadelphia [SEDGWICK], among other allegations, in interfering with the authorized workers’ compensation physician. The claim arose from a December 2019 knee accident the worker sustained at the AMAZON warehouse.

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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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Walmart cuts starting pay for some new hires under revamped wage structure

Employee Benefit News

Walmart is maintaining its minimum hourly wage of $14, a rate that took effect earlier this year.

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Greene King introduces flexible working and family leave policies

Employee Benefits

Pub and brewer Greene King has launched a new flexible working policy and an enhanced suite of family leave policies to support its more than 39,000 employees. The business’ flexible working policy has been implemented ahead of the Employment Relations (Flexible Working) Bill that will come into force next year. Employees will have the right to request flexible working from their first day in a job and be able to request this twice in any 12-month period, with decisions on requests now made with

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Explore Our Diverse Fall Webinar Series with CE Opportunities

AssuredPartners

As the leaves change color and the crisp autumn breeze sets in, it's the perfect time to engage in some professional development. Whether you're a seasoned healthcare professional or just starting your career, our Fall Webinar Series is designed to offer you a wealth of knowledge and help you stay current in the ever-evolving healthcare landscape. With topics ranging from quality assurance performance improvement to infection prevention, preventing pressure injuries, and medication management, t

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Glasgow City Council accredited as living wage employer

Employee Benefits

Glasgow City Council has been accredited as a living wage employer as part of its commitment to pay all of its more than 28,000 employees a wage they can live on. Everyone working at the local authority, including regular workers employed through third-party suppliers, will now receive a minimum hourly wage of at least £10.90 per hour. This is higher than the UK government minimum wage for those aged 23 and above, which currently stands at £10.42 per hour.

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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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The benefits of offering flexible work arrangements

Higginbotham

The nine-to-five office grind doesn’t work for everyone – some workers prefer more flexibility. By offering flexible work arrangements, both employers and employees can enjoy multiple advantages. The “Flexible Working Arrangement” Definition The term “flexible work arrangement” can mean many things, but all definitions of this term are related to when and where employees work.

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Bedfordshire, Cambridgeshire and Hertfordshire Police become menopause-friendly employers

Employee Benefits

Bedfordshire, Cambridgeshire and Hertfordshire (BCH) Police forces have been accredited as menopause-friendly employers in recognition of their high standards and proven practices that embrace the condition in the workplace. The accreditation was established by Henpicked: Menopause in The Workplace and to achieve it, employers must provide evidence of menopause support in their culture, policies and practices, training, engagement , facilities and evaluation.

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Addressing Unconscious Bias in the Hiring Process

eni

In today’s interconnected world, an equitable hiring process isn’t just an ethical choice—it's a business necessity. However, unconscious bias often impedes our best intentions. Recognizing and mitigating these biases is pivotal to fostering a fair and efficient hiring approach.

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20 Best Employee Performance Review Software in 2023

Empuls

63% of employees don't receive feedback as frequently as they want , and the reason could be a lack of systems that support continuous feedback. Good employee feedback software is necessary if you want to automate reviews, and in this article, we’ll help you find the right one. Factors to consider while choosing employee performance review software User interface Ease of use Customization Automation Continuous feedback Goal tracking Analytics Reporting Integrations Value for money 20

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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.