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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10 benefits of employee engagement: Why it’s so important 

Achievers

There’s a stark difference between organizations that have good employee engagement and those that don’t. One can boast employees who are always excited about tackling the next part of the project, look for innovative ways to add value, and strive to outdo themselves on a daily basis. The other is filled with team members who are just there for the paycheck and are likely keeping an eye out for a more fulfilling position elsewhere.

Health 173
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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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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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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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Attracting top candidates: Hiring for in-office roles in a remote world

Insperity

In a world where remote work has become the norm, the landscape of job recruitment – and specifically for attracting and hiring for in-office roles – has changed and become more challenging than ever. While remote work now holds the industry standard and preference for many working professionals, specific industries and roles still thrive on – and often require – an in-person job commitment.

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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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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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Union strikes from California to New York: Why nurses are demanding better pay and safer work conditions

Employee Benefit News

Three nurses share their stories, revealing why these healthcare workers are struggling to stay afloat amid unsafe working conditions.

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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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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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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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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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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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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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13 Best Technical Assessment Tools for 2023

HR Lineup

In today’s fast-paced technology-driven world, hiring the right talent is crucial for the success of any organization. Technical assessments play a pivotal role in evaluating the skills and capabilities of potential candidates. As we step into 2023, the demand for skilled tech professionals remains high, making it essential for businesses to utilize the best technical assessment tools available.

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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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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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'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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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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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.

IT 90
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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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10 Best Employee Scheduling Software in 2023

Empuls

Employee scheduling software solutions help businesses improve productivity, efficiency, accountability, and overall business performance. Many businesses find scheduling employees accurately based on staff availability and labor requirements overwhelming. It is challenging for both big and small businesses. And in today's remote work culture, it becomes even more so.

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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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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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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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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.