May, 2022

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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. The Great Resignation is partially a response to the opportunity the pandemic gave employees to evaluate their job and its effect on their personal well-being, together with the new power employees have in a tight labor market.

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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.

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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.

Food 277
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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).

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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.

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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. But as organizations add technology, they might need to change the way the people side of the business operates.

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7 Amazing Employee Wellness Ideas to Boost Morale

HR Digest

Find out what employee wellness ideas you can implement to ensure your employees have a safer, productive return to work. Employee wellbeing isn’t a new concept, but it has taken on a whole new meaning since the Covid-19 pandemic. Employee wellness initiatives are now higher up on the agenda — particularly mental well-being activities and programs — as more employers closely scrutinize how effectively they look after their employees.

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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. Read more > The post 8 Ways to Support Employees With Mental Health Challenges appeared first on Word on Benefits.

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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. In this post, I continue the conversation with ten tax planning tips for 2022 (in no particular order) for readers to consider: ¨ Plan for Tax Benefits Th

Taxes 261
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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. There was a tragic Texas shooting that is consuming much of American attention; there is ample attention on the response thereto and some amazing stories of survival.

Food 104
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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

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Strategic Compliance: Wage Garnishment Risk Avoidance

HR Bartender

Estimated reading time: 6 minutes. (Editor’s Note: Today’s article is brought to you by our friends at ADP , a comprehensive global provider of cloud-based human capital management solutions. Industry analyst firm Nelson Hall recently identified ADP as a leader in both the small and medium business as well as mid to large market segments. Congrats to them!

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What is Company Culture and How Do You Develop It?

BetterUp

Jump to section. What is company culture? Why is company culture important? How company culture impacts employees. What does a healthy company culture look like? Steps to develop company culture. How to evaluate company culture. How to improve company culture. Examples of companies with great organizational culture.

IT 119
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Financial Wellness Programs That Keep Employees’ Paychecks in Check

HR Digest

1. What is financial wellness in the workplace? 2. How can financial wellness programs help employees? 3. What are the best financial wellness activities? Financial wellness programs can help ensure that your employees are more productive and efficient at work. These kinds of programs are designed to provide more job stability and savings options. Employees are more stressed about their finances in a post-COVID world, and they require reassurance regarding benefits and financial possibilities.

Finance 121
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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. Read more > The post The Next Big Thing: How Employers Can Prepare appeared first on Word on Benefits.

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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.

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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. So, as an organization, if you aren't celebrating International HR Day yet, we highly recommend that you start incorporating this tradition into your work culture. But, first of all: Why Is International Human Resources Day Celebrated?

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6 ways to get your leadership team excited about company culture

Insperity

Company culture can be an ambiguous idea until it’s put into action. So how does that happen? Leadership. When your employees regularly witness a strong connection between leadership and culture, they’ll believe and buy into your organizational values. Leaders must champion culture, yet our leadership and culture both evolve over time. How can you ensure that this progress happens in unison – that over the years your leadership team continues to mirror your culture and speak its language to the

Health 112
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Sixth Circuit Rejects Arbitration for Proposed Fiduciary Breach Class Action

Proskauer's Employee Benefits & Executive Compensa

The Sixth Circuit, in a matter of first impression for that Circuit, held an arbitration clause contained in an individual employment agreement did not apply to ERISA fiduciary breach claims brought on behalf of a defined contribution plan. The case is Hawkins et al. v. Cintas Corp. , No. 21-2156, __ F.4th __, 2022 WL 1236954 (6th Cir. 2022). Plaintiffs, former Cintas Corp. employees, sued the company and its investment committee under Section 502(a)(2) of ERISA on behalf of its 401(k) plan, al

401(k) 111
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Why Is Friendship Important in Life? Here’s Why

BetterUp

Jump to section. Why is friendship important? 10 benefits of friendship. 3 common obstacles to making friends and how to overcome them. Social media and friendship. 5 tips to strengthen your friendships. How to know when it's time to let a friendship go.

Media 116
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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?

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Flexible Work Hours or Remote Work: What Are Employees Choosing in 2022

HR Digest

Flexible work hours and remote work will be more in demand in 2022. Employees, on the other hand, have a choice in terms of how they work. They now have more freedom to select between the two possibilities, which leads to increased job satisfaction and productivity. Let’s look at the benefits of both flexible work hours and remote work. Why is flexibility important in work?

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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. Read more > The post Five Steps to Reducing Mental Health Stigma at Your Workplace appeared first on Word on Benefits.

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5 Benefits for Employers to Retain and Attract Top Talent

Best Money Moves

5 benefits for employers to retain and attract top talent. High turnover creates an expensive problem for employers and stressful environment for employees. Retain and attract top talent with these 5 standout benefits. The cost of replacing an employee can range anywhere from six to nine months’ salary, according to data from SHRM. If your team is worried about the cost of losing talent, it could be time to reevaluate your benefits strategy.

401(k) 106
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Is your leadership on the defense? 8 strategies to build trust in the workplace

Insperity

If misunderstandings and interpersonal issues are fuel to the fire that is conflict in the workplace, what can be used to put out the flame? Or what could have been done to prevent the fire in the first place? Before answering those questions, ask: How did the fire begin? Typically, these type of relationship fires begin because of one missing element: trust.

Overtime 110
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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.

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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. Positivity can help leaders create a better work environment, build stronger business relationships, and navigate the often tumultuous business landscape with an optimistic outlook. A positive outlook can also have internal benefits for leaders such as managing stress and avoiding burnout.

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How to Delegate: Tips for Delegating Tasks at Work

BetterUp

Jump to section. What does it mean to delegate. The benefits of delegating. The importance of delegation. Why is it so difficult for some people to delegate? How to delegate (and how not to). When to delegate. 4 skills for effective delegating. Common challenges of delegating.

IT 116
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Benefits of Being Mindful At Work

HR Digest

Discover the benefits of being mindful at work so you can infuse this practice into your everyday life to boost efficiency at work! . Mindfulness is the practice of being present and attentive to the current moment. It can help you focus on the present moment, reduce stress, and improve your relationships with coworkers and clients. The goal of employee mindfulness is to increase positive emotions and decrease negative ones, which can help improve your work performance.

IT 111
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Countering the Great Resignation Through Education

International Foundation of Employee Benefit Plans

When asked how The Great Resignation of 2021 affected their organizations, one in three respondents indicated it is “somewhat or very difficult” to retain good talent (According to this Bamboo. Read more > The post Countering the Great Resignation Through Education appeared first on Word on Benefits.

Education 109
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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.