August, 2022

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Financial Aspects of “Unretirement”

Money Talk

The year 2021 was noteworthy for the “Great Resignation” as about 47 million people quit jobs last year. The year 2022 is equally noteworthy for a “Great Unretirement” as millions of older workers who left jobs during the pandemic decided to come back into the labor force. One study found 1 in 5 retirees were likely to start working again soon. Factors contributing to this trend include: 1. a high demand for workers (sometimes coupled with increased pay, signing bonuses, and/or remote-work flexi

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How to Gross up Payroll

Patriot Software

If you want to pay an employee supplemental compensation, such as a bonus or a relocation payment, you must withhold payroll taxes just like with regular wages. But, what if you want an employee to receive a specific amount after taxes? That is when you gross-up payroll figures. And to do that, you need to […] READ MORE.

Payroll 105
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C-suite vs employees: Closing the flexible work disconnect

Achievers

The world of work has changed. This may seem like an obvious statement after more than two years of working through a pandemic, an unprecedented resignation wave, and a looming recession. However, according to HR, more than half of company leaders don’t understand that organizations must change how they attract and retain employees to remain competitive. 56% of HR executives say their company leaders don’t appreciate that the world of work has changed.

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What Should a Financial Wellbeing offering Look Like?

Sodexo Engage

Summary: Why financial wellbeing matters. How does employee financial wellbeing affect business? What to include in your offering. How Sodexo Engage can support your financial wellbeing offering. The current cost of living crisis will be affecting all of your employees right now. Soaring inflation is impacting the cost of everything, from petrol at the pumps to the weekly shop, and the effects on wellbeing could be devastating.

Salary 98
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The Ultimate Performance Review Checklist

Performance reviews are a proactive way to engage with your employees, provide clear communication about expectations, and acknowledge them for their hard work. But getting the right framework and creating consistency across your organization can be tricky. We put together this checklist to help you evaluate your current performance review process and equip managers with the right tools to perform individual assessments.

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What Is a Cost of Living Raise?

Patriot Software

Employees love raises. Regular raises can improve employee happiness and put them in a better financial position. And, raises can reduce your employee turnover. You can give raises for merit or increasing job value. You might also give a cost of living raise. Employee raise expectations and employer plans are out of sync. Our free […] READ MORE.

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A Benefit to Attract and Retain Employees: Earned Wage Access

HR Bartender

Estimated reading time: 5 minutes. (Editor’s Note: Today’s post is brought to you by our friends at Wisely® by ADP , a suite of cost-effective pay solutions that helps organizations move to 100% paperless pay. The myWisely app has been recognized as the App of the Year at the HR Technology Conference. Congrats! Enjoy the article.). Several weeks ago, I published an article about “ 8 Employee Benefits Worth Considering to Attract and Retain Talent ”.

Payroll 138
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What is Stress? 3 Types of Stress and Ways to Manage Them

BetterUp

Jump to section. What is stress? What causes stress? What are the 3 types of stress? Symptoms of stress. 6 consequences of stress. 7 ways to fight stress. Know which types of stress require professional help.

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10 organizational culture qualities every company should have today

Insperity

When it comes to driving the success of your business, organizational culture is – without exaggeration – everything. It impacts the: Engagement and satisfaction of your workforce Cohesion and harmony among people Behavior of your people Leadership style in your organization, which has an effect on the relationships between managers and their direct reports Willingness of your organization to embrace change and evolve Innovation and creativity of your workplace.

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Important Leadership Skills for Workplace Success

HR Digest

Many factors contribute to workplace success. One of the most important ones is leadership skills for the workplace. Leadership is about more than just being a good boss. It’s about being a good leader. And when you’re looking for work, you want to know that your potential employer will be able to count on your leadership and team development skills—whether it’s in a team environment or when leading a project from start to finish.

Health 128
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Want To Enhance Your Total Rewards To Achieve Organizational Success? Start Here.

Are you looking for ways to enhance your employee value proposition? Gallagher Better Works SM Insights has got you covered! Dive into the latest magazine issue and discover how flexibility, equity, recognition and strategically applied resources can improve your total rewards package. Download the PDF to learn more about: Building retirement benefits for a global and mobile workforce Promoting employee and organizational growth through succession planning Empowering women in leadership through

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Are you ready for NYC’s anti-bias AI law?

TLNT

On November 10, 2021, New York’s City Council enacted Int. No. 1894-A – legislation, (effective from 1 st January 2023), that requires employers to conduct a ‘bias audit’ on artificial intelligence (AI) technology used to review, select, rank or eliminate candidates for employment or promotion.

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Are You Wealthy?

Money Talk

The words “wealth” and “wealth management” are used frequently in advertisements for financial products (e.g., exchange-traded funds or ETFs and cryptocurrency) and financial services (e.g., specific investment advisory firms). This begs the questions “what, exactly, is wealth?” and “how do people know when they, themselves, are wealthy?” One online dictionary defines wealth as “an abundance of valuable possessions or money.

Finance 240
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How to Support Mental Health in Your Workplace

International Foundation of Employee Benefit Plans

Earlier this year, I experienced a mental health crisis. I spent five nights at an in-patient program. This was followed by over six weeks at a partial hospitalization facility, which. Read more > The post How to Support Mental Health in Your Workplace appeared first on Word on Benefits.

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How to Deal With Disappointment: 5 Ways to Get Over it

BetterUp

Jump to section. What is disappointment? 5 ways to deal with disappointment. What are the causes of disappointment? Is feeling disappointed good for you? Know when to look for help. We’ve all felt waves of disappointment when something doesn’t go according to plan. Whether it’s canceling a wedding due to a global pandemic or missing out on the promotion you wanted, learning how to deal with disappointment is just part of life.

IT 124
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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Seventh Circuit Affirms Dismissal of ERISA Stock-Drop Case

Proskauer's Employee Benefits & Executive Compensa

Since the Supreme Court’s ruling in Fifth Third Bancorp v. Dudenhoeffer , courts around the country have overwhelmingly rejected ERISA fiduciary-breach claims by 401(k) plan participants seeking relief related to investments in company stock funds. The Seventh Circuit recently continued that trend by affirming the dismissal of claims brought by participants in the Boeing 401(k) plan, but did so on grounds that (i) the fiduciary responsibilities associated with the company stock fund had been de

401(k) 114
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5 Principles for Creating a Successful Workplace

HR Digest

To have a successful workplace, there are certain principles that your company has to abide by. This will help to improve workplace productivity and a great work environment. Certain organizations without principles set aside for employers and employees to live by tend to have issues from time to time. When we say issues, we mean big issues. That’s why it is very important to have workplace strategies for managing diversity in the workplace.

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Creating a company culture that welcomes ‘boomerang’ employees

TLNT

Once upon a time, a significant percentage of organizations had policies against re-hiring former staff. These are people the HR community brands ‘boomerangs.’.

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8 things great leaders make time for every day

Insperity

In a time where hybrid work is king, the Great Resignation continues to pull competitive talent in all directions and a recession clouds the market, great leadership remains a crucial element of business continuity and success. So, what makes a great leader? There are common answers that scratch the surface: Great leaders can be generally described as good communicators, strategic, motivational, authentic, easygoing and more.

401(k) 108
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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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Three Back-to-School Opportunities for Employers

International Foundation of Employee Benefit Plans

Ahhhh, the smell of fresh folders, pencils sharpened to perfection and the crack of that first marker opening. Oh, is it just me that gets excited about. Read more > The post Three Back-to-School Opportunities for Employers appeared first on Word on Benefits.

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U.S. rent’s on the rise: How to fight housing insecurity for all employees

Best Money Moves

U.S. rent’s on the rise: How to fight housing insecurity for all employees. Help your employees combat housing insecurity with financial education resources and other strategies. . Whether you’re buying or renting, housing is less affordable today than it was a year ago. Rental prices have risen 15%, according to Redfin data , and the Federal Reserve recently announced another interest rate hike, which will raise the cost of mortgages.

Education 107
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DOL Proposes Significant Changes to the QPAM Exemption – What You Need to Know

Proskauer's Employee Benefits & Executive Compensa

On July 27, 2022, the U.S. Department of Labor (the “DOL”) issued notice of a proposed amendment (the “Proposed Amendment”) to Prohibited Transaction Class Exemption 84-14 (which is commonly referred to as the “QPAM Exemption”) that would (as described in more detail below) significantly amend certain of the exemption’s conditions, including: increasing the equity/net worth and assets under management thresholds to qualify as a “qualified professional asset manager” (“QPAM”); adding a new requir

Banking 111
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10 Tough Questions You Must Ask In Your Next Job Interview

HR Digest

When you’re in a job interview, the more prepared you are, the better your chances of landing that dream position. Having these 10 tough interview questions and answers will help you get ahead of the competition and show your interviewer that you’re a go-getter who won’t be satisfied with anything less than a dream job. What are the tough questions to ask in an interview?

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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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Want your organization to be successful tomorrow? Focus on a skills-based approach today

TLNT

Call me out-fashioned, but I’m firmly of the school that you can’t always believe everything you hear from business consultants.

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For true inclusion and belonging, focus on the locus

BetterUp

The past two years have thrust diversity, equity, inclusion, and belonging (DEIB) initiatives to the forefront in professional spaces. Racial justice movements, a devastating pandemic, fast-changing (and ever-shifting) workplace dynamics , and social and political unrest have required organizational leadership to reassess values — and quickly.

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6 Tips on How Human Resource Leaders Can Boost Sales Team Performance

Vantage Circle

Sales professionals' skills and productivity strongly impact an organization's ROI and reputation. So, hiring the right resources and managing sales talent is crucial to winning and retaining customers, thereby building a successful business model. The human resource team plays a significant role when it comes to hiring talent management. However, the responsibilities of HR leaders extend beyond these.

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Employee Engagement vs Employee Experience - and the Importance of Getting Both Right

Sodexo Engage

Summary: What is the difference between employee engagement and employee experience? How do they both affect your business? How to measure them in your workplace. Tips for improving engagement. Ready to see how rewards can benefit the employee experience? EMPLOYEE Engagement vs Employee Experience - and the Importance of Getting Both Right. Here at Sodexo Engage we talk a lot about employee engagement.

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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.