April, 2023

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New Trends in Workplace Benefits: What Employees Want

HR Digest

The job market is constantly evolving, and as a result, the employee benefits regulations that are expected from employers are also changing. Today, employers are under increasing pressure to stay ahead of employee benefits trends and offer a comprehensive range of workplace benefits that cater to the diverse needs of their employees. Employers who can follow the biggest employer benefits trends and offer attractive and relevant benefits to their employees are better positioned to attract and r

401(k) 105
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Buyer’s guide to flexible benefits technology

Employee Benefits

What is flexible benefits technology? Earlier in the evolution of employee benefits, organisations would provide a static set of rewards. Although these might change somewhat according to seniority or length of service, there was little in the way of flexibility or tailoring. These benefits would likely be communicated via letters or total reward statements, sent out to staff at certain intervals.

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What is a remote work stipend?

PeopleKeep

Allowing employees to work remotely can save employers a fair amount of money on expenses like building rent, supplies, maintenance, utilities, and even relocation costs. However, as more organizations adopt a hybrid or fully remote work environment , they must consider the hidden costs their employees will incur while working from home. While remote work is preferable for many employees today, it does add more financial responsibility to their plates.

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Are employers picking affordable healthcare benefits?

Employee Benefit News

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Reduce Bias in Hiring: Structured Interview Questions for Employers

Structured interview questions are a valuable tool for reducing bias in hiring. They help: Ensure all candidates are asked the same questions in the same way Level the playing field so all candidates have a fair chance of being successful Improve credibility, reliability, and validity Download the guide to get the most out of your interview questions!

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12 Ways to Prioritize Employee Wellness

TalentCulture - Employee Benefits

Organizations have long considered employee wellness a priority. But in the wake of the pandemic, it’s more important than ever. Here’s why: 99% of organizations are facing talent challenges. And after years of disruption, workforce wellbeing is on especially shaky ground. Investing in wellness could go a long way to restore employee confidence and commitment. […] The post 12 Ways to Prioritize Employee Wellness appeared first on TalentCulture.

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Benefit brokers court the C-suite to bring cost-cutting change to health plans

Employee Benefit News

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What financial wellbeing support should be offered around salary advance schemes?

Employee Benefits

It is important that salary advance schemes are explained properly so that staff fully understand how these operate and the costs involved. Many scheme providers will include financial education and guidance on how best to benefit from the scheme. Having access to data and monitoring usage each month can help identify if employees are repeatedly drawing down on their wages in increasing increments.

Salary 111
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Divorce coaching benefits help employees better manage a separation

Employee Benefit News

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3 ways to revamp benefits communications

Employee Benefit News

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Testing Innovations in Cancer: How to evaluate and use new technologies

Amidst rising cancer prevalence and soaring costs, new cancer technologies and innovations are emerging to support the early detection, treatment, and surveillance of cancer. Read this guide to understand how to evaluate these solutions for your employees and members – and to learn more about the current state of coverage, clinical and cost effectiveness, and impact on quality and outcomes.

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Can Farmers Ever Afford to Retire?

Money Talk

One of my Money Talk clients is my long-time employer, Rutgers Cooperative Extension. In addition to writing monthly Small Steps to Health and Wealth™ financial messages , I also present online webinars and class segments. I recently presented content for Annie’s Project-NJ ; a program designed to build the skills of women farmers in New Jersey. My segment of their six-week class series was called Can Farmers Ever Afford to Retire?

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How to Find the Right Artificial Intelligence Tool for HR

HR Bartender

Estimated reading time: 9 minutes I’ve published a couple of articles lately about the need for organizations to have an artificial intelligence (AI) strategy and how AI can help organizations with employee development. It’s possible that with all the conversation about AI technologies in today’s news, organizations are talking about what AI could mean for their operation and how to get started.

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18 Effective Strategies to Improve Your Communication Skills

BetterUp

Communication skills are some of the most utilized and the most sought after in the workplace. They’re essential for leaders and individual contributors to hone. Looking at our largely remot and hybrid work environments, great communication skills make the difference between connected, agile teams, and teams who fail to collaborate, stay aligned, and achieve common goals.

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Building the Skill-Based Organization

HR Digest

In today’s fast-paced and dynamic business environment , organizations must continually adapt to remain competitive. One crucial factor for success is building a skill-based organization that prioritizes skill-based hiring and retention strategies. A skill-based organization is one where the employees possess the necessary skills to perform their tasks effectively and efficiently.

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Recognition Powers High-Performance — If You Do it Right

Speaker: Debra Squyres and Todd Wuestenberg

Employee recognition has often been deemed a "feel-good" initiative, tied closely to rewards. While we understand its importance, we tend to associate recognition with intangible outcomes like engagement and sentiment, rather than direct impacts on retention and high performance. In today’s workplace, the true ROI of recognition lies in its ability to regenerate tangible, business-driven results.

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Freepik takes flexible approach to supporting working parents in Spain

Employee Benefits

European technology firm Freepik, which specialises in producing and distributing graphic and audio-visual resources, offers all of its employees with dependent children total flexibility with their time to balance childcare responsibilities with their work. The firm, which has 568 employees located across Spain, UK, Denmark and Colombia, reviews this on a quarterly basis to ensure the support remains relevant and useful.

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Why blockchain is about compliancy first and technology second

TLNT

Thanks to blockchain – distributed ledgers that comprise records (or blocks) containing information about the previous block – we are all going to see some big changes to benefits technology.

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Highlights From a Conference on Retirement Savings

Money Talk

At the 2022 Retirement Summit sponsored by the Employee Benefit Research Institute (EBRI), there were four main topics: improving individuals’ access to retirement savings plans, reducing plan leakage (i.e., when workers take a pre-retirement distribution), helping people spend down their assets in retirement, and improving investment outcomes for American workers within the retirement system.

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Artificial Intelligence Can Empower Your Employees

HR Bartender

Estimated reading time: 7 minutes A few weeks ago, I published an article about how Organizations Need an Artificial Intelligence Strategy. The conversation about artificial intelligence (AI) is growing and organizations need to think about when and how they want to use this powerful tool. One of the most talked about ways of using AI is with our workforce.

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Why Every Small Business Needs an HCM Solution: A Comprehensive Guide

Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.

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Work Motivation: What It is and Why It is Important

BetterUp

Think about the last time you procrastinated. Think about the last time you failed to accomplish a task or goal. It could be something like preparing your tax returns or starting to practice meditation. Would you say you didn’t do it because you decided it was not important anymore? Probably not. Most people would recognize that they failed to start or complete the task because they didn’t feel motivated at the time.

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Next-Gen HR: Redefining Human Resources for the Future

HR Digest

Human resources (HR) is an essential function of any organization that manages employee-related tasks such as recruitment, compensation, benefits, training, and development. The future of HR is now more complicated than we had thought. The traditional HR model has been focused on administrative tasks and compliance with legal requirements, contrary to the next-gen HR.

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How Much Does Financial Illiteracy Cost Your Team?

Best Money Moves

How much does financial literacy cost your team? Financial illiteracy is a growing problem among American workers. Here’s how financial wellness can help your team thrive. Financial illiteracy is a growing problem among Americans and it could be costing your people dearly. An NFEC survey found that financial illiteracy costs about $1,819 per person on average.

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Employees with autism – it’s time to destroy the stereotypes

TLNT

In case you didn’t know it, April is Autism Awareness Month – an initiative that seeks to highlight, celebrate and recognise the existence of autism, and the role in plays in the rich tapestry of human diversity.

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HR Meets AI: 🤝 The New Way of Keeping Large Workforces Connected and Engaged

Speaker: Miriam Connaughton and Donald Knight

As organizations scale, keeping employees connected, engaged, and productive can seem like a monumental task. But what if AI could help you do all of this and more? AI has the power to help, but the key is implementing it in a way that enhances, rather than replaces, human connection. Join us for an exploration into how industry trailblazers are using AI to transform employee experience at scale while addressing both the potential and the pitfalls.

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Northwestern University’s Alternative Explanations Not Strong Enough To Defeat ERISA Excessive Fee Claims

Proskauer's Employee Benefits & Executive Compensa

On remand from the U.S. Supreme Court, the Seventh Circuit issued its opinion in Hughes v. Northwestern University , concluding that participants in two Northwestern 403(b) plans plausibly pled fiduciary-breach claims based on allegations of excessive recordkeeping and investment management fees, but dismissed their claim that too many investment options caused them “decision paralysis.

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Cadent accredited as menopause-friendly employer

Employee Benefits

Gas distribution network Cadent has been awarded menopause-friendly accreditation due to its practices that embrace menopause in the workplace. Established by Henpicked: Menopause in the Workplace, the accreditation process assesses employers via an independent panel. Organisations must demonstrate evidence of their effectiveness through their culture, policies and practices, training, engagement , facilities and evaluation.

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Best Methods for Attracting and Retaining Talented Employees

Business Management Daily

Finding and retaining top talent is more complex than ever in 2023, and as LinkedIn’s most recent Workplace Learning Report discovered – 93% of companies have growing concerns over employee retention. Why has finding and holding onto talented employees become so complicated? There are a few reasons why, including the significant changes to employee expectations during the pandemic.

Salary 105
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Trust in Action: Building a Reliable Workplace from the Ground Up

HR Digest

Workplace trust is a vital aspect of any successful organization. Without it, employees may feel disconnected from their peers, their superiors, and the organization as a whole. Building trust in the workplace is not only essential for creating a positive work environment but also for achieving organizational goals and building workplace integrity.

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Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.