June, 2023

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3 Considerations When Electing Commuter Benefits

Benefit Resource Inc.

Part Two: What employees should consider when electing commuter benefits. Commuter benefits provide employees with a number of advantages. When electing commuter benefits, it is important to consider your tax savings, eligible expenses and flexibility. #1 Tax Savings If your company provides a commuter benefit plan, you have the opportunity to save on your daily commute.

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Confessions of a benefits manager: Candid can’t take leave of holiday policies

Employee Benefits

Just when I am considering taking some well-earned annual leave, I get landed with yet another joint venture to deal with. Local HR seems to be getting all stressed about the new location’s benefit plans and I must do a benefits inventory and comparison to existing plans. Really, it seems quite straightforward. It has a normal pension plan and a few related insured benefits.

Pension 98
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Travel assistance, telehealth, urgent care: A benefits checklist for summer vacation safety

Employee Benefit News

Tapping the right resources will save travelers precious time and money that can instead be devoted to fun in the sun.

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Almost half of working dads say using parental benefits hurts performance reviews

Employee Benefit News

Fathers appreciate employee efforts to support caregiving, but think their careers will suffer if they use them.

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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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Mid-Year Financial Tweaks and Tasks

Money Talk

It’s halftime for your 2023 finances and a perfect time to review where you stand, make mid-year adjustments, and complete recommended financial planning action steps. Below are ten mid-year financial tweaks and tasks: Tax-Deferred Savings Tweak - Perhaps you will get a raise on July 1. Consider completing the paperwork needed to save more money from July to December in your employer’s tax-deferred retirement savings plan.

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AI Workflow Automation: Meaning, Types & Benefits

HR Lineup

In today’s fast-paced world, businesses are constantly seeking ways to increase efficiency, productivity, and accuracy. One powerful solution that has emerged in recent years is AI workflow automation. By leveraging the capabilities of artificial intelligence, organizations can streamline and optimize their processes, leading to improved performance and significant time and cost savings.

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Is Long Covid reshaping workplace support for long-term conditions?

Employee Benefits

By Tracey Ward, Head of Business Development & Marketing at Generali UK Employee Benefits Over 2 million people in the UK with self-reported Long Covid have now had symptoms for at least a year. It can present significant challenges in the workplace because, unlike with long-term conditions such as cancer and diabetes, the prevalence rates for Long Covid are greatest in the working age population (35-69 years).

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District Court Denies Employer’s “Injury-In-Fact” Challenge to Withdrawal Liability

Proskauer's Employee Benefits & Executive Compensa

In Holland v. Murray , No. 21-cv-567, 2023 WL 2645708 (D.D.C. Mar. 27, 2023), the court held that financial support provided by Congress to a multiemployer pension plan under the Bipartisan American Miners Act (“BAMA”) did not divest the plan of Article III standing to pursue the withdrawal liability it was owed. After the contributing employer filed for bankruptcy, the plan assessed its controlled group members, the defendants, with $6.5 billion in withdrawal liability.

Pension 111
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Business finance: The ultimate guide for non-finance people

Business Management Daily

Are you eager to launch a startup or new business? Or were you recently promoted to a financial role in your organization? Either way, you’ll need to master the basics of business finance if you want to find success. Even employees not working directly in finance generally need a basic understanding of it to succeed. Nothing exists in a bubble, and business finance is no different.

Finance 105
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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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Coping With the Aftermath of a Disaster

Money Talk

Since we are in “high season” for natural disasters, it is a “teachable moment” to review some things to consider if you are the victim of nature’s wrath, an explosion, or any other damage to your property and are coping with financial losses and bills for temporary living expenses: Call Your Insurance Agent- Ask your property and casualty agent about “fine print” in your homeowners policy.

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Redefining Success through Radical HR Innovation

HR Digest

Unlocking the secrets to success, Netflix has rewritten the script on how to build a thriving company. With an unwavering commitment to innovation and a trailblazing HR strategy, they have achieved remarkable feats. Boasting a remarkable employee retention rate of over 95% and earning the coveted #1 spot on Fortune’s “100 Best Companies to Work For” list in 2018 and 2019, Netflix has shattered industry norms.

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Top Workplace Wellness Trends for 2023

HR Lineup

In the wake of the COVID-19 pandemic, workplace wellness has taken on a whole new level of significance. Employers are increasingly recognizing the importance of supporting the physical, mental, and emotional well-being of their employees. As we step into 2023, several workplace wellness trends are emerging, reflecting a growing emphasis on creating a healthier and more fulfilling work environment.

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Medical Protection Society receives menopause-friendly accreditation

Employee Benefits

Healthcare profession support organisation Medical Protection Society (MPS) has been awarded a menopause-friendly accreditation due to its commitment to talking openly about it and putting the right help in place. Established by Henpicked: Menopause In The Workplace, the accreditation recognises high standards and proven practices that embrace menopause in the workplace.

Medical 119
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How to Implement Pay Transparency: A Comprehensive Guide

With pay transparency legislation on the rise globally, it can be difficult for organizations to navigate how to share salary ranges due to administrative complexities, lack of clear job architecture, employee reactions, and more. To help make this process easier, Barley's comprehensive guide shares how to begin implementing pay transparency while staying true to your compensation philosophy.

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Possible Extension of Clawback Rule Effectiveness is Welcome Development for Issuers

Proskauer's Employee Benefits & Executive Compensa

Issuers that have been scrambling to prepare their boards and executives for accelerated implementation of compliant Dodd-Frank clawback policies will be glad to hear that the NYSE and Nasdaq have filed amendments to their proposed clawback rules to extend the effective date that would apply if the proposals are approved until October 2, 2023. If approved, the amendments would give listed companies until December 1, 2023 (60 days after the effective date of the rules) to adopt a compliant Dodd-F

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Healthy Relationships: 13 Valuable Tips

BetterUp

Jump to section Healthy, unhealthy, and abusive relationships 7 key characteristics of healthy relationships 13 tips for building healthy relationships What to do when working on the relationship doesn’t help Nurture your relationships and your life will blossom

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How To Design An Effective Spot Bonus Program?

Vantage Circle

Granting employees rewards and recognition can be likened to a delicate sprinkling of ethereal fairy dust upon them. Eliciting a wondrous transformation that seamlessly elevates their motivation, engagement, and unwavering loyalty. Rewards serve as a profound expression of genuine appreciation and an enchanting celebration of their invaluable contributions.

Bonuses 106
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HR and Friendship: Can It Be Possible at Workplace?

HR Digest

“When people are financially invested they want a return. When people are emotionally invested, they want to contribute” Simon Simek HR isn’t ‘your friend’ but is neither your foe. “Transparency and flexibility can allow HR to effectively wear the “dual hat” of communicator and company arm” , one expert told HR Dive. HRs are essentially human. HR personnel are certain to come across a few personal details that employees might not discuss with their co-workers otherwise through their role in the

IT 111
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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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Hybrid Work: The Future of Work that You Never Knew You Needed

Professionals Alternative

Hybrid Work: The Future of Work that You Never Knew You Needed The COVID-19 pandemic has forced the world to adapt to new ways of working, and hybrid work has emerged as a popular work arrangement in the new normal. Hybrid work combines the best of both worlds, allowing employees to work from home and the office as needed. This flexible work arrangement offers many benefits, including improved work-life balance, increased productivity, and greater flexibility.

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Exclusive: Papier launches financial wellbeing platform

Employee Benefits

Stationary brand Papier has introduced a financial wellbeing platform for its 99 employees. The platform, provided by Bippit, gives employees access to one-to-one financial coaching with a professionally qualified Financial Conduct Authority (FCA) coach matched to their needs, after they answer questions about their financial concerns. The service offers tools for Papier staff to navigate the cost-of-living crisis, including personalised learning resources and money management plans, monthly web

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What the Supreme Court's ruling on student loan forgiveness means for employees

Employee Benefit News

With loan forgiveness in limbo, employers will need to establish greater support to help employees get a handle on their debt.

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6 Guiding Principles of Diversity, Equity, and Inclusion and Why You Need to Focus on Them

15Five

Whether you’re a seasoned DEI professional or dipping your toes in for the first time, familiarizing yourself with the guiding principles of diversity, equity, and inclusion is worthwhile. These principles form a foundation from which actionable diversity, equity , and inclusion work can begin and provide a framework for DEI leaders to use when building DEI strategies and statements.

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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.

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Unlocking Insights: The Ultimate Survey Question Template Blog

Vantage Circle

In today’s data-driven world, organizations rely on surveys as powerful tools for collecting information and gaining insights. Whether it's collecting customer feedback, conducting market research, or assessing employee satisfaction, surveys play a crucial role in gathering information for informed decision-making. However, creating a well-designed survey can be a complex task that requires expertise.

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Poor Work-Life Balance Top Reason for Resignation

HR Digest

A new survey from FlexJobs found that poor work-life balance is the top reason workers say they resign. The survey, which was conducted in June 2023, polled over 1,000 professionals and found that 42% were actively thinking about quitting their job, and another 20% had recently quit. After poor work-life balance, workers most commonly said they were driven to job hunt by low or unfair pay (35%); a toxic culture (34%); and a feeling that they were disrespected or undervalued (33%).

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Menopause at Work: What We All Should Know

TalentCulture - Employee Benefits

Sponsored by Peppy Health When you think of menopause, what comes to mind? If you’ve already experienced this transition, you know the symptoms can disrupt your work life in unexpected ways. (Imagine a hot flash suddenly coming on when you’re leading an important team meeting. Didn’t your body get the memo?) Concerns like these are […] The post Menopause at Work: What We All Should Know appeared first on TalentCulture.

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33% of employers to offer pay awards of 5% or more

Employee Benefits

One-third (33%) of employers will offer pay awards of 5% or more in 2023, according to research by ethical reward management consultancy Paydata. Its spring 2023 UK reward management survey, which surveyed HR and reward professionals across 208 organisations representing nearly half a million employees, also found that 37% will offer pay awards between 4%-5% in 2023.

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Combatting the Effects of Inflation: Keeping Benefits Competitive While Cutting Cost

Speaker: Jaye Johnson, CBP - Employee Benefits and Total Rewards Leader, World at Work Content Author, and Speaker

After years of facing the global pandemic, we are now struggling with a new problem: inflation. No one could have predicted the impact of inflation on employee benefits and how it affects both employees and employers. Employers are now trying to maintain or lower the cost of benefits while competing for talent in a competitive and tight labor market, but the rising costs of consumer goods and healthcare make it extremely difficult to consider increasing their benefit offerings.