March, 2023

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The 5 most in-demand benefits of 2023

Employee Benefit News

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What employers ask when considering outsourcing benefits admin

WEX Inc.

If you’re an employer, is your in-house benefits administration team struggling to juggle the multitude of complexities behind running a successful benefits administration program? Are you spending too much time and resources trying to keep up to date with compliance changes and providing the technology and services your employees need for a positive benefits experience?

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Family friendly benefits: What’s offered and where there’s still room for improvement

TLNT

Sometimes it’s easy for employers to forget that there’s one thing that unites a good many of their employees: the fact they have children.

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Employers ‘Unwavering’ in Providing Group Health Benefits: Research

InterWest Insurance Services

Large employers are unwavering in their plans to continue offering group health plans to their workers instead of funding individual reimbursement accounts that would allow them to shop for plans on government-run exchanges, according to new research. The poll of 26 health benefits decision-makers at large firms, carried out by The Commonwealth Fund and the Employee Benefits Research Institute (EBRI), found that despite rising premium and health care costs, they felt obligated to offer health in

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Using an HSA to Save for Health Care in Retirement

Saving for retirement is no easy task, and as an employer we know you want to help your employees get what they need out of their retirement benefits. With a health savings account (HSA), you can relieve the burden of health care costs for both you and your employees. With our new report, “Using an HSA to Save for Health Care in Retirement,” you can get insights on the costs of a modern retirement and dive into the details of the triple-tax benefits HSAs offer.

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How digital health programs can reduce employer medical costs

Employee Benefit News

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Barbservations From Online RMD Webinars

Money Talk

After I left New Jersey and was no longer a recognizable figure as a financial educator for Rutgers University, I attended a few free meal seminars “undercover” in my new home state of Florida. Few people know about my financial education work and I knew I wouldn't be "outed" and asked to leave because I'm a CFP(R). Knowing that these seminars have been linked to an increased risk of abusive sales practices, if not outright investment fraud, and having read a detailed expose’ by Helaine Olen in

Taxes 243
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Organizations Need an Artificial Intelligence Strategy

HR Bartender

Estimated reading time: 5 minutes A few years ago, I published an article on “ Everything HR Needs to Know about Artificial Intelligence ”. I hope you’ll check it out. The purpose of the article was to explain what artificial intelligence (AI) is and how it might be used by HR departments. Since then, we continue to see articles about advancements in AI.

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HR Technology Trends: Leveraging Technology to Streamline HR Operations

HR Digest

Human Resources (HR) departments have evolved significantly over the past few years. The introduction of HR technology has revolutionized the way HR departments operate. HR tech has allowed HR teams to streamline their processes, automate tedious tasks, and focus on more strategic initiatives. To this effect, it’s important for HR managers to determine and focus on the technology trends that play a role in HR operations.

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What Causes Financial Stress?

Best Money Moves

What causes financial stress? Here are 3 of the top causes of financial stress among your team. (Plus, what you can do about them.) According to a study by the FINRA Investor Education Foundation , 60% of American adults feel anxious while thinking about their personal finances, and 50% feel stressed when talking to another person about their finances.

Finance 119
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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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How can employers support parents with babies that need neonatal care?

Employee Benefits

Need to know: The Neonatal Care (Leave and Pay) Bill will allow parents with babies needing neonatal care to take up to 12 weeks paid leave. The Employer with Heart charter is awarded to organisations that have extra provisions in place for employees with babies who are born prematurely. Support such as an employee assistance programme (EAP), flexible-working arrangements and a parent-friendly policy can help to create a culture where employees feel able to ask for help.

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Human leader vs. traditional boss: What’s the difference?

Insperity

Whether you’re a seasoned manager, recently promoted into a leadership role or you are responsible for an entire team of leaders, everyone should be asking the same question: How can I (or we) exercise more effective, influential and empowering leadership? The answer tends to lie in management style : Is your approach to leadership geared for the “traditional” boss?

Salary 118
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Annuity Myths and Facts

Money Talk

An annuity is a contract between an investor and a life insurance company. Annuities are sold by insurance agents, stock brokers, and other financial advisors. The annuitant, who is usually (but not always) the owner of the annuity, pays a lump sum amount or makes deposits over time and the insurance company promises immediate payments or payments at a future date.

401(k) 242
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Learn How to Start Journaling. It’s a Ritual Worth the Time

BetterUp

Did you know one of the most powerful self-improvement activities is right at your fingertips? No, it’s not working out or having good sleep hygiene (although these are great habits). It’s something even simpler — learning how to start journaling.

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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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20 Examples of AI in HR You Can Learn From

Darwinbox

What is an example of the use of AI in human resources ? The answer to this question can help improve HR processes and their outcomes. It will also help you make the most of your investment in artificial intelligence in human resource management. This article will explain the top 20 examples of AI in HR and their benefits.

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3 Ways to Help Employees Fight Financial Stress and Economic Uncertainty

Best Money Moves

3 ways to help employees fight financial stress and economic uncertainty. Learn more about how companies can help employees dial down financial stress during times of economic uncertainty. U.S. workers face an uncertain economic future, and the stress takes its toll. Nearly half of U.S. adults say that money issues negatively impact their mental health, according to a Bankrate study.

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39% of pay increases worth 6% or more

Employee Benefits

Around two-fifths (39%) of employees received pay rises worth 6% or more in the three months to January 2023, according to research by Incomes Data Research (IDR). The research organisation analysed 75 pay deals implemented between 1 November 2022 and 31 January 2023, mostly at large organisations and covering more than 500,000 employees. It found that 15% gave employees a pay rise between 5% and 5.9%, 16% awarded increases between 3% and 4.9% and 13% gave rises of between 2% and 2.9%.

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How to conduct a team reset and turbocharge employee morale

Insperity

Are you looking for a surefire way to boost employee morale while strengthening employee engagement with and commitment to your organization? Do you often wonder how to: Set your team members up for happiness and success? Create an environment in which people feel motivated to do their best? If so, have you considered implementing a “reset?” What is a reset?

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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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Absenteeism in the Workplace: The Hidden Costs and Effective Strategies to Manage it

HR Digest

Absenteeism in the workplace can be a significant challenge for organizations, resulting in decreased productivity, increased costs, and a negative impact on employee morale. The COVID-19 pandemic has brought attention to the issue of workplace absenteeism, highlighting the need for organizations to implement effective strategies to manage absenteeism at work.

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In the ‘soft’ vs ‘hard’ skills debate, soft skills are winning

TLNT

It’s commonplace for experts/commentators to say things are in danger of reaching a ‘tipping point’ – be it the global climate emergency or the breakdown of relationships, or the point at which unhappiness turns into depression.

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New Employee Welcome Email Template

Qandle

Starting a new job can be an exciting yet nerve-wracking experience for any employee. As an employer, it’s important to make a good first impression and ensure that your new hire feels welcomed and valued from day one. In this post, we’ll provide you with a template for a warm and informative welcome email that you can customize and send to your new employees.

Media 105
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Implicit Bias: What it is and Ways to Reduce it

BetterUp

Jump to section What is implicit bias? Implicit vs explicit bias How does the Implicit Association Test (IAT) work? What are the implications of implicit bias? What can be done about it? Why does it matter?

IT 105
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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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Suffolk Libraries introduces menopause programme

Employee Benefits

Credit: Chris Lawrence Travel / Shutterstock.com Independent library service charity Suffolk Libraries has launched a ‘Menopause and Me’ programme to help employees experiencing the menopause and perimenopause. Suffolk Libraries partnered with mental health charity Suffolk Mind, which offers a free to access template for implementing a workplace menopause policy, help with creating a menopause-friendly workplace, and support for open conversations on the subject.

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How Can Low Employee Engagement Hurt Your Workplace?

Vantage Circle

Low employee engagement indicates that something is seriously wrong at your company. It gradually saps your employees' energy and creativity, impairing their performance at work. But how do you figure out what's causing your employees' morale to suffer and how to fix it? This article will delve more into the topic and discuss how HR leaders can work around improving their employee engagement efforts.

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Beyond Burnout: Strategies for Managing Employee Stress

HR Digest

Employee stress and burnout are major concerns for businesses and organizations worldwide. In a fast-paced and demanding work environment, employees often face a lot of pressure and expectations, which can lead to stress, anxiety, and eventually burnout. As an employer, it’s important to recognize the signs of stress and burnout in employees and take proactive measures to manage and prevent them.

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How to talk to employees nervous about job security

Insperity

Whenever there is economic uncertainty or public, mass lay-offs, it’s understandable why many employees may be worried about their job security. After all, one of the primary tactics that employers may deploy to help weather a recession is to cut company expenses, which often involves downsizing the business and a round (or several) of lay-offs and furloughs.

Finance 99
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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.