Thu.Sep 14, 2023

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Tax-Deferred Retirement Savings Plans in Later Life

Money Talk

One place where there is a gap in adult financial education is programs for older adults age 65+. The bulk of community and workplace programs cover financial tasks and decisions to get “to retirement,” not “through retirement." One of the niche audiences for my business, Money Talk , is older adults grappling with financial issues such as creation of a retirement “paycheck,” paying taxes on required minimum distributions (RMDs), and simplifying financial accounts.

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77% of employers say competition for talent is key issue influencing benefits

Employee Benefits

Competition for talent was cited by three-quarters (77%) of employers as a key issue influencing their benefits strategy , according to research by global advisory, broking and solutions firm Willis Towers Watson (WTW). Its Benefits trends survey , which surveyed 339 UK organisations across a range of industries about their benefit strategies, also found that despite 45% of UK employees favouring workplace benefits that support long-term finances and retirement, more than half of employer respo

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The Kafka trap of return to office arguments

Workplace Insight

Recently, I bemoaned how Orwell is often invoked in support of an argument by people who haven’t read him. They are usually drawing on some laundered misperception of his work, and especially Nineteen Eighty-Four. Well, this month I witnessed somebody misapplying the work of Kafka in a similar attempt to make a middlebrow point about the so-called return to office.

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Lovewell’s logic: Supporting staff who are childless not by choice

Employee Benefits

This week (11-17 September) is World Childless Week , which is aimed at raising awareness of those who are childless not by choice. According to figures published by the Office for National Statistics (ONS) in January 2022, in the UK, 18% of women who reach the end of their childbearing years do not have children. However, even as family compositions and demographics have changed over the years, childlessness remains something of a taboo subject.

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Using an HSA to Save for Health Care in Retirement

Saving for retirement is no easy task, and as an employer we know you want to help your employees get what they need out of their retirement benefits. With a health savings account (HSA), you can relieve the burden of health care costs for both you and your employees. With our new report, “Using an HSA to Save for Health Care in Retirement,” you can get insights on the costs of a modern retirement and dive into the details of the triple-tax benefits HSAs offer.

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Is the Flexible Working Bill a game changer or paper tiger?

Workplace Insight

As LinkedIn data has shown, demand for work flexible working is high. And it outpaces the current availability of remote work offers. In the UK alone, listings for remote jobs have increased by 277 percent. Job postings for hybrid or remote positions received an increase in applications (189 percent) over in-office roles. People want to work remotely for various reasons.

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Learn the dos and don’ts of open enrollment

WEX Inc.

Open enrollment is around the corner for many of you. It’s your best chance to evaluate your healthcare needs and identify opportunities to better support yourself and your family. However, a whopping 92 percent of employees stick with the same elections they had the previous year, no matter what changes have taken place in their lives. If you’re one of that majority, you may be missing out on multiple ways to save, either through the health plan you choose or through the benefits you enroll in.

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Are you a 'bad boss'? What Elon Musk and Jimmy Fallon are revealing about toxic workplaces

Employee Benefit News

Don't create an unhealthy work environment for your employees, like these now-notorious bosses. Here's how to behave better and lead with kindness first.

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Employee Relationships is a Serious Employer Responsibility

HR Digest

Amidst all the revenue numbers and share valuations that companies wear as a badge of honor, the concept of employee relationship management has emerged as another undeniable sign of a successful organization. Many aspire to work at companies like Google, not just due to the pay they offer but because there seems to be no dearth of provisions for engaging employee and employer relationships.

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A meeting of the minds: AI and employee mental health

Employee Benefit News

New AI-based chatbot solutions are supporting those with mental health struggles by helping build coping skills and reframing negative thinking.

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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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More Meet and Greet

Florida Workers' Comp

I envy those people who can walk into a room and suddenly know everyone there. I have never been one of those people but instead a shrinking violet. Mingling and small talk have always been a challenge. You might think that the new world of virtual interaction would appeal to me as much as it does to the young of the twenty-first century (I do use my phone as much as they use theirs).

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At E Powered Benefits, Emma Fox is creating a new kind of healthcare plan

Employee Benefit News

Emma Fox, managing partner at E Powered Benefits, is creating a healthcare plan that doesn't depend on insurance carriers.

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Texas District Court Overturns Portions of the IDR Process

McDermott Will & Emery Employee Benefits

On August 3, 2023, the US District Court for the Eastern District of Texas ruled on the implementation of the No Surprises Act in Texas Medical Association, et al. v. US Department of Health and Human Services, et al. (TMA IV). In TMA IV, the plaintiffs challenged two things: The increased administrative fee to participate […] The post Texas District Court Overturns Portions of the IDR Process appeared first on EMPLOYEE BENEFITS BLOG.

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Navigating Uncertainty

International Foundation of Employee Benefit Plans

In today’s business environment, change is constant. Earning a Certified Employee Benefit Specialist® (CEBS®) designation can help benefits professionals improve their ability to manage organizational change. The self-study CEBS courses provide critical knowledge and skills to scan the environment and strategically tailor benefit […] The post Navigating Uncertainty 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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'Take an honest look in the mirror': Why good leadership starts with self-reflection

Employee Benefit News

Rachel Druckenmiller, workplace expert and keynote speaker at EBN's Benefits at Work conference, shares advice on "igniting intentional leadership.

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SAVING 1% MORE COULD BOOST PENSION BY 25%

Employee Benefits

According to research* from WEALTH at work, 1 in 3 (33%) employees think they won’t be able to afford to retire at all due to increasing costs. Whilst 8 in 10 (83%) are concerned the cost of living crisis will mean they will have to work longer before retiring to make up for a shortfall in savings. However, many don’t realise the significant difference a small increase to their pension savings can make.

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Blue Shield of California dropped CVS as its PBM — why it could save them $500 million

Employee Benefit News

Alison Lum from Blue Shield and Chris Blackley from Prescryptive break down the carrier's decision.

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PepsiCo Europe names new senior vice president, CHRO Europe

Employee Benefits

PepsiCo Europe has appointed Dannii Portsmouth senior vice president, chief human resources officer (CHRO) Europe. Portsmouth will join PepsiCo’s Europe sector team and report to Silviu Popovici, the organisation’s Europe chief executive officer. She will be responsible for the HR function in Europe, will oversee the talent agenda and build strategic organisational and people capabilities for more than 40,000 employees across 55 countries.

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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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How the 'September surge' will be different this year

Employee Benefit News

Two workplace experts weigh on this long-standing business trend, and how the past three years have changed what this means for employers.

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Just Mortgages expands menopause and wellbeing support

Employee Benefits

National brokerage Just Mortgages has expanded its mental health and wellbeing support with the introduction of a training module that covers the menopause. The new module is available 24/7 through the firm’s ‘My Learning Space’ digital platform and is open to all of its more than 650 mortgage brokers regardless of age or gender. It covers how the menopause works, the impact it can have and the support that is available pre-menopause, during menopause and for partners.

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Zendesk

HR Lineup

Zendesk is a leading customer service and support platform that offers a comprehensive suite of tools and features designed to enhance knowledge management for businesses of all sizes. While primarily known for its customer service capabilities, Zendesk’s knowledge management software stands out as a powerful solution for organizations seeking to efficiently create, organize, and share information.

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The Perfume Shop receives Top Employer certification

Employee Benefits

Fragrance retailer The Perfume Shop has received Top Employer certification due to its approach to strategy, people, policy and practice. Established by the Top Employers Institute, certification is offered based on excellence in people practices. After receiving submissions, the institute carries out verification and auditing processes before awarding certification.

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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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Herman Miller Fuld chair is the perfect solution for the present and future of work

Workplace Insight

We may not always know exactly what the future of work holds, but we can design spaces that are ready for it. The ability to respond to change is one of the most important facets of an effective design in the era of widespread hybrid working, alongside the ability to tailor a solution that meets the diverse needs of individuals for the best possible working environment at any one time.

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How to deal with difficult coworkers

Business Management Daily

No matter where you go in the world, you’ll occasionally bump up against an unsavory character every now and then. Some people just don’t like being friendly or having a good time, and if you’re unlucky enough to work with one of those people, the preservation of your sanity will depend on learning to adjust. There is no monolith for difficult people.

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Tighter Margins: IRS Makes It More Difficult to Meet ACA Affordability Safe Harbors in 2024

Snell & Wilmer Benefits

We have reported previously on the importance of understanding the coverage and reporting rules of the Affordable Care Act. In particular, Code Section 4980H imposes penalties on large employers for failure to offer minimum essential coverage to 95% or more of their full-time employees (and dependents) or to provide affordable, minimum value health insurance.

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UPS Driver May Not Sue Retail Chain for Injuries Sustained While Delivering Packages to Store

The Workcomp Writer

In a decision that shows the strength and resilience of the exclusive remedy provisions of a typical state workers’ compensation act, the Sixth Circuit Court of Appeals affirmed a decision by a federal district court that granted a retail chain summary judgment in a negligence action filed against it by a UPS driver who sustained injuries while delivering packages to a Kentucky store [ Houser 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.