April, 2023

article thumbnail

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
article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

Are employers picking affordable healthcare benefits?

Employee Benefit News

article thumbnail

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.

article thumbnail

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.

More Trending

article thumbnail

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

Employee Benefit News

article thumbnail

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
article thumbnail

Divorce coaching benefits help employees better manage a separation

Employee Benefit News

article thumbnail

3 ways to revamp benefits communications

Employee Benefit News

article thumbnail

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

article thumbnail

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?

401(k) 245
article thumbnail

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.

article thumbnail

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.

Utilities 131
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

401(k) 243
article thumbnail

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.

Retail 115
article thumbnail

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?

article thumbnail

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.

IT 119
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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
article thumbnail

Template for the job description of a financial controller

Qandle

Qandle is seeking a self-assured and outcome-oriented financial controller , also referred to as a financial comptroller, who can oversee and enhance our financial performance and lead our accounting operations. The role involves overseeing all financial management aspects, including corporate accounting, financial reporting, compliance with regulations, and developing internal control policies and procedures.

Finance 105
article thumbnail

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.

Finance 105
article thumbnail

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.

article thumbnail

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.