June, 2022

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6 steps to designing a great employee benefits program

Achievers

What do you think of when employee benefits are mentioned? Traditional offerings like health insurance and retirement plans are likely the first things that come to mind. Organizations often fail to go beyond these standard benefits, and if they do, it’s with a few additions that are selected without much thought and seldom improved. Today’s workforce is experiencing a new level of empowerment, and that comes with high expectations potential employers need to meet.

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The key things employers must know about HIPAA law

Business Management Daily

Compliance is a top concern for small business owners. There is a variety of sensitive data that business owners need to safeguard including proprietary business information, customer data, and employment records. After all, a data breach can have a lot of negative consequences from both a PR and compliance standpoint. But what happens when employers need to access and store employee health information?

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The complexities of the gender pay gap: What do you need to know?

LACE Partners

How much of the gender pay gap discussion is related to pay? And why should businesses focus on more than just pay? How much of the gender pay gap challenge is industry-specifically related? How much does size and geography play in issues surrounding the gender pay gap? In this latest LACE Partners podcast we talk to Josh Harmston-Gething, who undertook extensive work in his previous employment and shares our story.

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Ten Tips for Tax Withholding on Multiple Income Streams

Money Talk

It is not uncommon for American taxpayers of all ages to have multiple streams of income. Young adults working in the gig economy may have income from a variety of consulting contracts or from a full-time job and “side hustles.” Many older adults also have multiple income sources including Social Security, a pension, full-or part-time work or self-employment, withdrawals from retirement savings (including taxable required minimum distributions or RMDs), and interest, dividends, and capital gains

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An HR Leaders Guide: 7 Questions To Ask When Developing Your Cancer Strategy

As HR and Benefits leaders are in the midst of evaluating cancer care solutions and designing their requirements for vendors, it’s key to know what questions to ask to ensure the development of a truly comprehensive strategy: from prevention to diagnosis to treatment to survivorship. Getting to the right answers starts with asking the right questions: How can better access improve engagement?

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Dobbs and Workers' Compensation

Florida Workers' Comp

There will be no readers this morning who have not heard about Dobbs v. Jackson , U.S. ; No. 19-1392 (June 24, 2022). In a word, the decision is broad. One might struggle with the implications for workers' compensation; I periodically get inquiries, essentially "what does this have to do with workers' comp." In a nutshell, the law has everything to do with workers' compensation, and this community is touched in many ways by the U.S.

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How to create a proud culture of belonging: Pride Month wrap-up

Achievers

We may be wrapping up what was a busy World Pride Month at Achievers, but we will continue to celebrate and uphold its values of inclusivity, diversity, and belonging throughout the year, and always. The Achievers Employee Experience Platform is designed to recognize and appreciate individuals, while fostering inclusive workforces. We proudly help clients create cultures of belonging, whether it is the way we connect with clients to uplift their employees, or through our Achievers Employee Resou

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8 Benefits of Shadow Work and How to Start Practicing It

BetterUp

Jump to section. What is your inner shadow? How your inner shadow affects you. What is shadow work? What is the goal of shadow work? 8 benefits of shadow work. Is shadow work right for you? How to start shadow work. 5 tips for starting shadow work. 27 shadow work prompts to kickstart your healing journey.

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9 communication skills leadership can’t succeed without

Business Management Daily

Communication skills are the most important soft skills for many professions. Having great communication skills can help you get ahead regardless of where you fall in the business hierarchy. However, they are especially important for leaders. Effective leadership communication can make or break a business. Business leaders play an important role in representing the company to investors, customers, partners, employees, and media outlets.

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It’s Time for a Mid-Year Financial Check-Up

Money Talk

It’s that time again…time for a mid-year financial check-up! We are almost at the halfway mark of 2022, which makes this a perfect time to assess your financial progress and take action over the next six months. Last year, I wrote a blog post about mid-year financial check-up s for the OneOp Personal Finance team. In it, I urged a review of tax deductions/credits, tax withholding, budgeting/cash flow, flexible spending accounts, financial goal progress, and investment portfolio status.

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6 Steps to a Better Compensation Strategy

Compensation is one of your biggest expenses as a business, but it is also your biggest investment in your people and your culture. A great compensation strategy can be an incredible asset that supports your business goals and lays a foundation of trust between your company and your employees. Whether you already have a compensation strategy in place or you’re building one from scratch, this guide will help you level up your approach through these 6 steps: 1.

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Burnout in Upper Management: Where’s The Exist, Ask C-Suite Executives

HR Digest

The pandemic appears to have taken a toll on everyone – from the average worker to the overpaid CEO. A Deloitte poll indicated that burnout is high in upper management as over 70% of C-suite respondents admitted that they will quit their current job for one that focuses on well-being. According to a monthly tracker conducted by executive outplacement firm Challenger, Gray & Christmas, in December 2021, 106 CEOs left their posts.

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IRS Unveils New Pre-Examination Compliance Pilot Program for Retirement Plans

Proskauer's Employee Benefits & Executive Compensa

Ever wished you could predict the future? Or at the very least, predict the timing of a retirement plan audit? Well, you may be in luck on your second wish. Last Friday, the IRS Employee Plans division announced a new pilot program whereby it will notify retirement plan sponsors 90 days in advance that their plan has been selected for upcoming examination.

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14 employee appreciation gifts team members love

Achievers

Showing genuine appreciation for employees is a must for any organization that wants to weather the Great Resignation. A company where employees don’t receive positive feedback and frequent appreciation is one they’ll seek to leave before long. Gifts are a wonderful way to make employees feel valued and recognized — if done the right way. Personalized, meaningful gifts that team members actually want go much further than yet another branded mug they don’t need or a gift card to a restaurant they

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Not Getting Enough Connection? You’re Not Alone. Here’s What To Do.

BetterUp

Jump to section. Lack of connection hurts all workers. Your career needs you to connect more, too. Workplace connectedness: What’s your type? What to do to boost your connectedness. If spending hours seeing colleagues’ faces over video isn’t making up for the feeling you used to get after a good day in the office, you’re not alone. Though we now know a lot more than we did before about things like Zoom fatigue that zap us of energy in new and complex ways, there’s another piece to the puzzle.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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Supreme Court’s New Dobbs Decision: What Employers Need to Know

International Foundation of Employee Benefit Plans

The following has been excerpted from Morgan Lewis. The full text can be found at DOBBS V. JACKSON WOMEN’S HEALTH: IMPLICATIONS FOR EMPLOYERS AND EMPLOYER PLAN SPONSORS and at CONSIDERATIONS. Read more > The post Supreme Court’s New Dobbs Decision: What Employers Need to Know appeared first on Word on Benefits.

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Retirement and Taxes: "To" and "Through" Planning

Money Talk

If you picture retirement planning and taxes as a Venn Diagram, there is lots of overlap between these two areas of personal finance. This is true both during one’s working years (when taxpayers are saving for retirement) and later, when people are older and withdrawing taxable income from tax-deferred accounts. This post describes highlights from a recent webinar about retirement planning and taxes in both "to retirement" years (working and saving) and "through retirement" years (later life ass

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Don’t play poker: Be transparent with job seekers

TLNT

The more I think about it, the more I come to the conclusion that the hiring process is more like a poker game than a grown-up conversation. It’s all there: Employers and candidates keep their cards close to their chests; everyone’s being careful to not reveal too much about their actual expectations or limitations; people are guarded for fear of raising a red flag.

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7 Encouraging ‘Women in the Workplace’ Statistics

HR Digest

Women are making changes like never before. We can prove this with the women in the workplace statistics. Even though most women still struggle with work and aren’t appreciated as they should be, changes are still taking place gradually. We advise that you keep doing what you are doing because you are doing perfectly well. . The bias against women globally is what every woman is fighting against.

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Bridging the Gap: The Intersection of DEI Initiatives and Employee Benefits

Speaker: Jaye Johnson, CBP

Unlock the secrets to transforming your organization’s employee benefits into a strategic tool for Diversity, Equity, and Inclusion (DEI). During this informative session, we will discuss common pitfalls in traditional benefits and then delve into the essence of DEI in employee-centric benefit offerings. This involves not only defining DEI in the workplace but also understanding the pivotal role that employee benefits play in fostering a diverse and inclusive environment.

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4 DEIB writing style guides for employee communications during Pride Month and beyond

Achievers

Diversity, equity, inclusion, and belonging (DEIB) are a bedrock at Achievers. We are always striving to create a workplace where everyone belongs, and help other organizations foster a culture of belonging for their employees. This is such an important way to Change the Way the World Works together. When we write, we take direction from those leading the way in the 2SLGBTQIA+ community on educating society about inclusive terminology.

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The Complicated Joy of Juneteenth

BetterUp

Jump to section. The joy and responsibility of freedom for all. Not the color of my skin, but the content of my character. A legacy of resilience.

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Pet-Friendly Workplaces: A Paw-fect Employee Retention Tool

International Foundation of Employee Benefit Plans

Offering pet-related perks has been touted as one strategy for employers trying to get a leg up (or a paw up!) when competing for employees. In honor of Take Your. Read more > The post Pet-Friendly Workplaces: A Paw-fect Employee Retention Tool appeared first on Word on Benefits.

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Consumer Fraud: Statistics, Trends, and Tips

Money Talk

I recently attended a webinar about fraud sponsored by Consumer Action. The title was Fraud and Scams in the COVID-19 Economy. The webinar presented statistics about the incidence of fraud and types of consumer fraud complaints, as well as “red flags” of fraud and tips for working with fraud victims. Below are eleven of my key take-aways from the webinar: ¨ Fraud Reports - About 5.7 million fraud reports were logged by state and federal (e.g., CFPB, IRS, Federal Trade Commission) government agen

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5 Trends to Help Your Organization Boost Job Satisfaction and Productivity

Treating your workforce as the organization’s top priority improves customer satisfaction and revenue growth and can boost job satisfaction and productivity. Read about five trends that are helping organizations around the country improve their people’s career well-being.

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8 Technological Solutions To Improve Employee Experience In 2022

Vantage Circle

Most HR professionals and business leaders can confidently say that investing in the employee experience. is well worth the effort. But how exactly do you improve the employee experience? Smart office technology is no longer a luxury but rather a need. Luckily, technology provides some of the best solutions to boost the employee experience at any workplace effectively.

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Is Toxic Productivity Burning You Out ?

HR Digest

Toxic productivity is a problem that many people in the workplace struggle with. This is when you spend all of your time working but not getting anything done. This can happen for several reasons, but one of the main causes is being too focused on short-term goals instead of taking a step back and looking at the big picture. If you find yourself feeling like this is happening to you, it’s important to take some time and figure out how to manage it so that you can get more done in less time

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Benefits Of Talent Management System

Qandle

Talent management i s considered to be pivotal when formulating any business strategy. It helps to manage the most crucial asset of the company that is the employees and the employer of the company. It happens to be the best practice of the organization to provide the companies with a competitive edge that helps the company to remain progressive and at the same time, sustain the volatile market.

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Neurodiversity in the Workplace: Creativity, Innovation, and Inclusion

BetterUp

Jump to section. Is neurodiversity the new normal? Advantages of neurodiversity in the workplace. Accommodations for neurodiverse employees. How do you manage a neurodivergent employee? How to build a neurodiverse workforce.

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Fertility Benefits for Every Age: A HR Roadmap from Gen Z to Baby Boomers

Speaker: Lauri Armstrong, SHRM-SCP - Sr. Director, People Operations at Carrot Fertility

Today’s workforce includes multiple generations of employees all looking for something different from their benefits package. While meeting these disparate needs can be challenging, a comprehensive fertility benefit can support everyone from junior staffers learning about their fertility health to senior leadership managing menopause and low testosterone symptoms.