April, 2024

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The 800-Pound Gorilla

Florida Workers' Comp

Sometimes we struggle with challenges we don’t perhaps fully understand. At times, forces conspire against us, consciously or not. Life is a journey filled with uncertainty, misconceptions, and mysteries. But frequently, the problem is all too clear, an 800-pound gorilla in the room. The world of work faces a systemic dilemma in the midst of the third decade of the 21st century.

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7 Signs Your Company Needs an Employee Benefits Audit

CorpStrat

Are you wondering if your Employee Benefits plan is truly hitting the mark? It’s time to reconsider how you approach delivering employee benefits. Year after year, many businesses let their employee benefits package remain unchanged. This means they’re offering tired, unattractive benefits that don’t compete well in today’s job market.

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Sustainability at the heart of everything… eco-friendly employee benefits

Employee Benefits

Monday, 22nd April, was Earth Day, and this year’s theme is Planet v. Plastics. The organisation is demanding a 60% reduction in the production of all plastics by 2040. Sustainability is at the heart of all we do at Pluxee UK, and we’re constantly striving to innovate our products to provide eco-friendly employee benefits. We’ve moved from reloadable gift cards and paper vouchers to digital alternatives, and we’re thrilled to offer a Virtual First version of our Pluxee Card – a prepaid cas

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Study Finds Child Care Benefits for Employees Effectively Pay for Themselves

Pacific Prime

A new research from Moms First and BCG finds that U.S. employers who invest in childcare benefits experience positive returns on investment, ranging from 90% to 425% ROI. For companies, this is the easiest talent investment decision you can make. This is a huge deal since the rising childcare costs and the lack of childcare. The post Study Finds Child Care Benefits for Employees Effectively Pay for Themselves appeared first on Pacific Prime's Blog.

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Beyond Basic Coverage: Unlocking the Hidden Value of Group Medicare Plans for Your Retiring Workforce

Speaker: Dr. Hassan M. Abdulhaqq

As the baby boomer generation continues to retire in unprecedented numbers, HR leaders face the critical challenge of ensuring seamless healthcare transitions for their valued employees. While most professionals understand the basics of Medicare, the strategic advantages and enhanced benefits offered by Group Medicare plans remain largely unexplored territory.

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Flexible working rights stand to benefit millions of people

Workplace Insight

From today (April 6th 2024), UK employees will have the legal right to request flexible working from their first day in a new job. Under the updated regulations, employers must engage in discussions with employees and consider alternative solutions before declining a flexible working request. Decisions on applications must now be made within two months, reducing the previous timeframe of three months, which includes any appeals.

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State Agency Directories Updated, Available in Resource Library

PayrollOrg

PayrollOrg (PAYO) provides state agency directories on its website to help payroll professionals find the contact information they need to get their questions answered. The information has been updated for 2024.

Payroll 295
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Digital HR: Meaning, Benefits & Implementation

HR Lineup

In today’s rapidly evolving digital landscape, human resources (HR) departments are undergoing a transformation. Traditional HR practices are being augmented and, in many cases, replaced by digital solutions. This shift toward Digital HR represents a significant departure from conventional methods, leveraging technology to streamline processes, enhance employee experiences, and drive organizational success.

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Highlights of Recent Webinars: First Quarter 2024

Money Talk

Every quarter, I like to review and summarize my notes from webinars I attended during the last three months. Below are some interesting tidbits from recent programs that I attended: Future Self Thinking - Many people often think of their “future self” (who they will be decades in the future) as a stranger. As a result, they don’t think about the consequences of doing something now because their actions are affecting another person rather than themselves personally.

401(k) 198
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Build Trust at Work: UKG HR and Payroll eSymposium

HR Bartender

(Editor’s Note: Today’s article is brought to you by our friends at UKG , a leading provider of HR, payroll, workforce management, and culture cloud solutions. Newsweek named UKG for the second consecutive year to their Greatest Workplaces for Women. Congrats to them and enjoy the article!) I belong to a couple of online human resources groups. I’m sure you do too.

Payroll 181
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Protect Your Business and Stay On Top of Compliance

To keep your business running smoothly (and legally), HR needs to get compliance right every time. Our HR Compliance Checklist is your go-to guide to cover the basics and start your auditing processes, helping you identify and address any gaps in your HR functions. Remember, compliance rules can differ based on industry and location—you’ll still need to keep up with changing regulations, but our checklist can help you get started.

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#HRTechChat: A Strategic Discussion with John Baldino, President of Humareso

3Sixty Insights

In our latest HRTechChat, Dylan Teggart speaks with John Baldino, President of global HR firm, Humareso, and is a seasoned HR practitioner and consultant. John touches on the HR landscape in 2024, communication strategies for leaders, and the best ways to manage talent in the modern workforce. Our #HRTechChat Series is also available as a podcast on the following platforms: Apple iTunes: [link] Spotify: [link] Stitcher: [link] SoundCloud: [link] YouTube: [link] iHeartRadio: [link] Google Podcast

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How to talk to your employees about money

Employee Benefit News

Sixty percent of employees are stressed about their finances, and they're looking for opportunities to vent — and find support — from their managers.

Finance 322
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DOL Finalizes Salary Threshold for ‘White Collar’ Exemption

PayrollOrg

On April 23, the U.S. Department of Labor (DOL) announced a final rule to increase the minimum salary level for the Fair Labor Standards Act “white collar” exemptions.

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What is Workplace Etiquette? Do’s and Don’ts

HR Lineup

In the professional world, success often hinges not only on skills and qualifications but also on the ability to navigate social interactions effectively. Workplace etiquette, therefore, plays a crucial role in creating a positive and productive environment. From communicating respectfully to fostering a culture of inclusivity, adhering to proper etiquette can enhance professional relationships, boost morale, and contribute to overall organizational success.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Retire on Fire Class Series: Key Take-Aways

Money Talk

As the author of a book about transitions in later life, I recently served as a presenter for one session of a five-week online course called Retire on Fire: How You Can Thrive in Retirement. It was a pro bono presentation but one of the perks for doing so was free registration for the course and an opportunity to learn from the four other instructors.

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How to strike a balance between managing staff wellbeing and financial pressures

Employee Benefits

Credit: Andrey_Popov/Shutterstock Need to know: The cost-of-living crisis is forcing more employees to take on additional work due to financial pressures, raising concerns around burnout. Pay strategies such as targeted pay increases, performance-related bonuses and earned wage access can help. Employers need to ensure there is a culture where people can discuss financial concerns.

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Virtual meetings can boost wellbeing and performance

Workplace Insight

Virtual meetings – often derided as impersonal and prone to technical glitches – can improve employee wellbeing and performance, a new study led by a Trinity Business School researcher has found. The research, conducted alongside Karin S. Moser (UniDistance Suisse, University of Queensland), Stefan Diestel (University of Wuppertal) and Isaac Alshaikh (South East Technological University Waterford), conducted during the ongoing shift to hybrid work environments and just published in the Journal o

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The FTC's new non-compete ban is a wake-up call for employers

Employee Benefit News

Companies will need to work harder to retain employees, without "handcuffing" them to the business, says this HR expert.

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New Data: How Pay Equity Gaps Impact Engagement, Retention and Risk

Perceptions of pay fairness influence engagement, trust, and turnover, making pay equity a strategic concern, not just a compliance issue. People at Work 2025: Pay Equity , a global research report from ADP Research, examines how workers in 34 markets view their compensation and why it matters. Based on responses from nearly 38,000 employees, the report highlights persistent gaps by gender, age, and job level, despite improving sentiment overall.

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IRS Data Affirms Payroll’s Vital Role in Nation’s Tax System

PayrollOrg

On April 18, the IRS released its 2023 Internal Revenue Service Data Book, which provides statistics that underscore the importance of payroll professionals to the integrity of the American tax system.

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What is Equity Compensation & How It Work?

HR Lineup

Equity compensation is a powerful tool used by companies to attract, retain, and incentivize employees. Unlike traditional forms of compensation such as salary and bonuses, equity compensation grants employees ownership stakes in the company. This can take various forms, including stock options, restricted stock units (RSUs), stock appreciation rights (SARs), and employee stock purchase plans (ESPPs).

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Individual Retirement Accounts: What You Need to Know

Money Talk

The 2023 income tax filing deadline is only days away (April 15, 2024 in most of the U.S.). It will be a busy weekend for many taxpayers and tax preparers who are filing tax returns or tax filing extensions. One of the few things that taxpayers can do to reduce their income taxes after a calendar year ends is to make a tax-deductible contribution to a traditional individual retirement account (IRA) or a SEP-IRA (for small business owners and/or their employees).

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National Employee Benefits Day Is April 2—How You Can Celebrate

International Foundation of Employee Benefit Plans

National Employee Benefits Day is April 2. For 2024 the focus is on how workplaces can create community to combat loneliness and foster belonging. Get resources in today's blog. The post National Employee Benefits Day Is April 2—How You Can Celebrate appeared first on Word on Benefits.

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Bringing Us Together Through Innovative Benefits

Speaker: Joe Fernandez, Chief Strategy Officer, Selerix & Sharlyn Lauby, Author & Publisher, HR Bartender

What if your benefits strategy could be more than just inclusive—what if it could actually bring your team closer together? In today’s evolving workplace, employees span a wide range of life stages, work arrangements, and cultural perspectives. That’s why offering one-size-fits-all benefits just doesn’t cut it anymore. It’s time to reimagine how we support our teams.

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A just in time lesson about office design

Workplace Insight

The nascent years of new ways of working in the late 80s and early 90s coincided with a widely held but soon to be discarded belief that the Japanese had cracked management practices. So it was perhaps inevitable that the principles of a process called just in time manufacturing – most famously applied in the factories of Toyota – should migrate to new forms of office design and the rapidly developing practice of flexible working.

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Why lifestyle savings accounts are an increasingly popular benefit

Employee Benefit News

WTW's senior director of employee spending accounts explains why more employers are considering adding LSAs to their offerings.

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Special Report Provides Insider Look at 2024 Capital Summit

PayrollOrg

PayrollOrg’s Special Report on its 2024 Capital Summit in the April issue of Payroll Currently offers an insider look at the latest developments affecting payroll professionals.

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What is the 9 Box Grid Model in HRM?

HR Lineup

In the realm of Human Resource Management (HRM), the 9-Box Grid Model stands as a pivotal tool for talent management and succession planning. Its structure allows HR professionals to assess and visualize employees’ performance and potential, facilitating strategic decision-making within organizations. In this comprehensive guide, we will delve into the intricacies of the 9-Box Grid Model, exploring its origins, applications, benefits, and best practices.

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The Great Disruption: Leveraging AI To Better Your Benefits Strategy

Speaker: Joana Ardelean, MSHRM, PHR, SHRM-CP, CC

The benefits landscape is shifting rapidly, and AI is at the center of this transformation. From optimizing health and wellness programs to predicting future benefits needs, AI is empowering HR and total rewards leaders to make smarter, more proactive decisions. The challenge? Understanding where AI fits in your strategy and how to leverage it effectively while keeping employee well-being at the forefront.