March, 2024

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Report Details 3 Trends Driving Employers’ Health Care Costs

InterWest Insurance Services

Pharmacy spending, high-cost claimants and newly developed anti-obesity drugs are expected to shape health benefits and affect the cost of care and health insurance for employers, according to a new report. The “ 2024 Employee Health Trends” report by Springbuk, an online health intelligence platform, reflects concerns among employers and insurers about runaway drug costs due to increasingly expensive medications and new diabetes and anti-obesity drugs.

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Study: Exercise To Combat Depression In The Workplace

Wellable

Research confirms a natural antidote for depression: exercise. Learn how exercise programs boost employee mental health and organizations' bottom line. The post Study: Exercise To Combat Depression In The Workplace appeared first on Wellable.

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What is People Analytics, and how does it benefit HR?

Business Management Daily

What makes a great manager? How can you improve employee engagement ? Is your talent acquisition up to par? There’s one thing these questions all have in common: you can answer them all by digging into your people analytics. What is people analytics? It refers to analyzing your organization’s employee data to make smarter, data-driven decisions to improve your operations and reach your business goals.

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How benefits can offer an empathetic approach to processing death

Employee Benefit News

Advisers can do a better job of helping clients understand how to be there during difficult transitions and ensure their employees are appropriately covered.

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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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Unlock business results: the power of employee performance management

Achievers

Arguably the most important factor to business success is its people. Employees are the embodiment of an organization’s purpose, vision, and objectives. That’s why it’s so crucial that every employee is clear on the role they play in the bigger picture. But more than just the role they play, it’s equally important they feel supported, recognized, and valued throughout their entire employee journey.

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Biophilic design has a long history and an even bigger future

Workplace Insight

There are plenty of definitions of the modish concept of biophilic design around right now. But perhaps nobody can top that of Erich Fromm, the sociologist and psychoanalyst who first described it in his 1973 book The Anatomy of Human Destructiveness as “The passionate love of life and all that is alive”. The term biophilia was later popularised more dryly in a 1984 book by the biologist Edward O.

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Poor mental health in the workplace cost UK economy £102 billion in 2023

Employee Benefits

Poor mental health in the workplace cost the UK economy £102 billion in 2023, according to research by Axa UK. The healthcare group’s fourth annual Mind health study , which surveyed 16,000 people aged 18 to 74 from 16 European, Asian and American countries, also found that around £26 billion was lost to the UK economy from employees taking sick days last year, and a further £57.4 billion from workers being less productive due to work-related mental health conditions.

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Gen Z Employee Engagement on the Decline: A Worrying Trend Ensues

HR Digest

A Gallup employee engagement survey has raised concerns regarding the significant decline in Gen Z employee engagement since March 2020. Following the pandemic, employee engagement levels have consistently been a matter of concern and it has seemingly worsened with each passing year. We could perhaps blame the unstable job market or the rising inflation concerns for this disengagement, but it is likely a lot more complex than just one or two major factors causing the disruption.

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What is an eligible employee (EE)?

PeopleKeep

There are often different eligibility requirements for employee benefits like health insurance , retirement plans, and paid time off (PTO). Employers and employees need to have a clear understanding of what constitutes an eligible employee and the requirements to qualify for specific benefits. In this article, we'll cover what an EE is and what the requirements are for different types of 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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4 ways to boost belonging and retention through R&R?and HRIS

Achievers

Kumari Williams, VP of belonging and diversity at Workday , and Jeff Cates, CEO of Achievers , reveal the steps employers can take to keep employees motivated for the long haul. Every HR leader grapples with retention challenges in today’s job market. While offering competitive pay is essential to mitigating turnover, it’s not the only thing that keeps employees engaged and committed to your organization.

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All Artificial Intelligence Is Not the Same

HR Bartender

Estimated reading time: 3 minutes A few months ago, we published an article about whether it’s okay for job seekers to use artificial intelligence to get help with their job search. I hope you’ll check it out. The reason I wrote the article is because recruiters were saying that they can tell when someone is using artificial intelligence (AI) to write their resume.

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UK office occupancy levels reach post-pandemic peak

Workplace Insight

New data from Remit Consulting suggests that UK office occupancy rates have risen to their highest level since the start of the pandemic. Although still below pre-pandemic levels, the data indicates a gradual return to more office-based work patterns. The ReTurn Report is compiled by Remit Consulting each week. It uses data provided by building managers in ten cities based on their property’s access control systems.

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Parfitt Cresswell establishes employee ownership trust

Employee Benefits

Law firm Parfitt Cresswell has become employee-owned after transferring a significant interest in the business to an employee ownership trust. Through the employee ownership trust, staff can attain an indirect beneficial interest in the business and can share in its success through the use of tax-free bonuses up to £3,600 per employee per year. The firm decided to transfer ownership in order to increase productivity, profitability, competitiveness in the sector, sustainability and staff wellbein

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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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6 Employee Recognition Examples For 2024

Vantage Circle

By integrating employee recognition strategies into plans, companies can harness the force of acknowledgment to cultivate a corporate culture that draws in, motivates, and retains top performers. From personalized thank-you note and peer-to-peer shoutouts to inventive methods like flexible work arrangements, the examples of employee recognition are many.

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Explosion in pet ownership reshaping benefits landscape

Employee Benefit News

Pet insurance and pet-friendly workplaces demonstrate a commitment to supporting the holistic well-being of employees and attract a wider pool of talent.

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30 Interview Questions for Managers (With Answers)

BetterUp

Jump to section 3 tips to ace management position interview questions 20 common interview questions for a manager position 10 essential questions for interviewers and hiring managers Lead through your words

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Educate Employees to Practice Better Cybersecurity

HR Bartender

Estimated reading time: 4 minutes As you may know, Mr. Bartender and I are fans of the Marvel Cinematic Universe (MCU). Lately, we’ve been getting caught up on older episodes of the show Jessica Jones. One of the episodes we watched recently showed private-investigator Jessica breaking into a morgue to gather information about someone and she needed to access the computer.

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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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A third of people say they have experienced a toxic manager

Workplace Insight

A third of employees (33 percent) in the UK have experienced a toxic manager at work in the past five years, and over four in ten (41 percent) have left a job due to their dissatisfaction with management. The findings are from Corndel’s Workplace Training Report 2024 , based on research conducted with 250 HR decision makers at large organisations and 1,000 UK employees.

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Do employers have a role to play in overcoming the UK childcare crisis?

Employee Benefits

Employers can offer onsite nurseries , workplace nursery schemes, and subsidised and emergency care provisions to help with childcare. There are a variety of different flexible working options that employers could offer those who are struggling. Support for working parents can help with attraction, retention, skills shortages and diversity, equity and inclusion efforts.

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Employee health insurance options for dentist offices

PeopleKeep

Like other small employers, dentists may wonder if they must offer health insurance benefits to their employees. While the Affordable Care Act (ACA) only requires organizations with 50 or more full-time equivalent employees (FTEs) to provide health insurance, smaller companies, like a dental practice, can improve their retention rate , team morale, and overall productivity by offering a comprehensive health benefit.

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3 leaders share ways to support women in the workplace

Employee Benefit News

On International Women's Day, top female execs share best practices for making equal opportunity part of company culture.

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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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Are You Actually Covered? It’s Time to Evaluate Your Group Disability Insurance

CorpStrat

If your company provides Employee Benefits, there’s a good chance you’re enrolled in a Group Disability Insurance plan. At CorpStrat, we’ve been in business for over three decades and have designed benefit programs for numerous companies from every industry under the sun. We’ve observed a common trend: many Group Disability programs are neglected and outdated.

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Organizations: Start Thinking About the Connected Customer

HR Bartender

Estimated reading time: 3 minutes One of the conversations that frustrates me is the one about generations. Mainly because a lot of people get the generation conversation wrong. They assume that because you were born in a certain year and fall into a generational date range like Boomer, Gen X, or Millennial that you’re a certain type of person. Granted, some of the conversations about generations are true.

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People want to work in an office some of the time, but don’t like mandates and lack of flexibility

Workplace Insight

More than half (51 percent) of UK workers are in favour of some form of so-called return to office (RTO) policy, but flexibility is key to any office mandated approach, according to a new poll from Owl Labs. The survey suggest that while UK workers recognise some benefits when it comes to mandates – where employees are required to be in the office for a set number of days – they want the flexibility to choose when they work from the office.

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What will the proposed fit note reforms mean for employers?

Employee Benefits

The government reforms will trial fit note process changes in order to improve triage and signposting. Making it easier to get a fit note will enable employers to help staff get assistance in a shorter amount of time, and potentially return to work faster. The reforms will also improve access to support so return-to-work plans are more robust. Last November, the government announced it will take steps to reform the fit note process to support more people to resume work after a period of illness.

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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.