May, 2022

Why Payroll Is the Partner HR Needs to Build a Strong Benefits Strategy

American Payroll Association

Payroll and HR have never needed each other more. Employees today prioritize their financial health, and that’s rapidly changing their pay and benefits expectations. Medical, dental, and vision care options no longer add up to a full benefits package.

Building a compelling employee value proposition (EVP)

Achievers

Employers everywhere are familiar with the Great Resignation. The elevated quit rate among employees that began in 2021 is affecting organizations across industries.

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In a Benefits Plan Far, Far Away

International Foundation of Employee Benefit Plans

Over the past several years, May 4 has skyrocketed in popularity as Star Wars Day—as in, “May the Fourth be with you.” In honor of May the Fourth, we thought it. Read more > The post In a Benefits Plan Far, Far Away appeared first on Word on Benefits. Communication Employee Benefits U.S.

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Frugal Spending Tips for Your Next Road Trip

Money Talk

This post is excepted from an article that I wrote for my brother Michael's website about preparing for a road trip during these challenging financial times with rising food, gas, and travel expenses. My brother Michael, a professional photographer and avid motorcyclist, started the website Roadcraft USA to share his passion for beautiful scenery and fun and interesting road trips, especially the two-wheeled kind. What do I know about motorcycles and professional photography? Absolutely nothing.

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Employee Open Enrollment Letter Template

When it comes to benefits, communication is critical. To help you easily explain your offerings at open enrollment, Paycor created an open enrollment sample letter (and a few tips). Download this free Employee Open Enrollment Letter Template today.

Another Long-COVID View

Florida Workers' Comp

WCRI presented a Long COVID seminar on May 3, 2022. This provided an excellent overview of the challenges of the health effect of the recent pandemic and infections. The presentation in some specifics echoed the program presented recently by the American College of Occupational and Environmental Medicine (ACOEM). That is overviewed in Long COVID Seminar (April 2022). That post contains a link to view the ACOEM program. I recommend watching each of these.

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EEOC Extends 2021 EEO-1 Data Collection to June 21

American Payroll Association

The deadline for employers to submit and certify their 2021 Employer Information (EEO-1) Component 1 report has been extended to June 21 from May 17

9 top qualities of a good employee

Achievers

You know a good employee when you interact with one. They excel daily, make peers feel accepted, come up with new ideas, and take on new challenges. If all your employees were like them, your company would be on the fast track to success. How can you find great employees?

5 ways you can help employees prepare for retirement

Business Management Daily

Retirement security, or insecurity, has caught the eye of Labor Secretary Marty Walsh. He’s right. Fewer employees are covered by traditionally defined benefit plans. DB plans are retirement plans.

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Ten Tax Planning Tips for 2022

Money Talk

Now that 2021 income tax season has been over for a month and the dust has settled, it is time to start some serious tax planning for 2022. Planning now provides seven months to take action and/or implement changes to avoid a stressful “tax scramble” at the end of the year. In an earlier blog post , I described 12 tax planning topics for 2022.

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How Fertility Benefits Can Save Your Company Money

Speaker: Taylor Padalino - Account Executive, Enterprise Partnerships

In this webinar, we’ll explore how clinically managed fertility benefits can help your company reduce high-cost claims, guide employees toward less invasive care, and retain some of your most valuable employees.

8 Ways to Support Employees With Mental Health Challenges

International Foundation of Employee Benefit Plans

As Mental Health Awareness Month (in the U.S.) continues, we’re sharing strategies and approaches to help leaders respond to employees with mental illness in a psychologically safe way. When employees have.

Five wellness initiatives to improve employee experience.

Employee Benefits

Did you know, that more and more businesses are implementing wellbeing initiatives in the workplace in the UK. But is your organisation one of them?

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

American Payroll Association

On May 26, the IRS released its 2021 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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Talent development: Definition, importance, and strategies

Achievers

Talent development is a unique business process that benefits both employees and organizations. By fueling employee growth and organizational success, it’s a true win-win proposition.

10 Ways to Keep Your Hourly Employees

Getting and keeping hourly workers is no longer as simple as offering them more cash. Employees have options. But this guide from Paycor will help you put your best foot forward to recruit, retain, and develop hourly workers so you can remain competitive.

A Day to Reflect

Florida Workers' Comp

There is plenty in our national conscious at any moment. We pause though to remember that we have much because so many fell in protecting our freedom, our lives, and our world. The news headlines this morning are largely focused on much that has importance.

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5 Leadership Qualities to Start Practicing Today

HR Bartender

Estimated reading time: 3 minutes. We’ve published a few articles about digital transformation over the years. It’s an important concept and organizations are going to spend more resources adding and improving technology in their business operations.

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The Next Big Thing: How Employers Can Prepare

International Foundation of Employee Benefit Plans

In early April, the International Foundation hosted the webcast Innovation and the Future of Remote/Hybrid Work. We were lucky enough to bring in Alex Willis, chief executive officer at Leadership.

What really motivates an employee to stay with an employer?

Employee Benefits

Need to know: With the Great Resignation underway, organisations are working out what really makes staff join and stay with a business. Flexibility, wellbeing and work-life balance are all highly prized by employees.

Global Parity for Fertility Benefits: Challenges and Opportunities

Speaker: Leslie Neitzel, Chief Human Resource Officer

In this webinar, we’ll share what employers should know about cultural differences in fertility care, how companies can assess whether a fertility benefit is truly global, and what to look for in a fertility benefit that works for all of your employees.

IRS Announces HSA Limits for 2023

American Payroll Association

The IRS announced the 2023 maximum contribution levels for health savings accounts (HSAs) and out-of-pocket spending limits

5 Best Ways To Celebrate International HR Day In 2022

Vantage Circle

If the 2020 remote work experience taught the corporate world anything, it was the value of an HR team in keeping a company running smoothly.

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How Transformational Retreats Can Transform Your Business

15Five

In May of 2022, we held our eighth annual all company retreat in Venice, Italy. These retreats are purpose driven events designed to bring every employee together, re-align them around our company mission and OKRs, and to allow for vulnerable connections in a beautiful setting away from office walls.

Don’t overlook the value of positivity as a leadership skill

Business Management Daily

A positive mindset is typically seen as a desirable trait in the workforce across all professionals and job levels, but it’s often overlooked as a leadership skill.

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7 Ways To Avoid Today's HR Compliance Risks

With remote work on the rise, salary history bans in effect, and Fair Workweek laws passed, HR compliance has become more challenging. Discover the 7 most prominent HR compliance hurdles of today, and learn how to avoid them detailed in Paycor’s recent guide!

Five Steps to Reducing Mental Health Stigma at Your Workplace

International Foundation of Employee Benefit Plans

Stigma can be one of the greatest barriers to psychological health and safety in the workplace, especially for employees with mental health issues such as depression or anxiety. Eliminating stigma.

Third of FTSE 100 employers have widened gender pay gap since 2017

Employee Benefits

The median pay gap across FTSE 100 employers has decreased by just 1% since reporting legislation was introduced in 2017, with 30% of these businesses actually increasing their pay gap over that time, according to analysis of gender pay gap reporting by HR DataHub.

Utah Withholding Tables Revised Effective May 1

American Payroll Association

Effective for wages paid on or after May 1, 2022, the Utah State Tax Commission has issued revised percentage method and wage bracket withholding tables to reflect a reduction in the personal income tax rate to 4.85% from 4.95

Rolling the Dice on Crypto in Retirement Plan

HR Professionals Magazine

By Jim Trujillo. As a team of 401(k) advisors focused on participant outcomes, we are constantly fielding financial related questions from employees seeking advice. Lately, one of the main questions asked has been “what do you think about cryptocurrency?”.

Beyond the Dollar: Why Fertility Benefits Are About More Than Financial Support

Speaker: Leslie Neitzel, Chief Human Resource Officer

In this session, we’ll discuss the complexities of fertility health and all the pieces a fertility benefit should include in order to best support your employees on their journeys.