January, 2023

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Where should employers draw the line with benefits provision?

Employee Benefits

If employers are not seeing a return on their investment in benefits or schemes are not achieving their desired aims, such as increased employee engagement or retention, then they might be spending too much. Employers should consider whether they are offering benefits to be viewed as an attractive place to work or because they genuinely want what is best for their staff.

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How to integrate employee benefits and company culture

Employee Benefit News

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Pros & Cons Of Auto-enrolling Employees In A 401(k) Program

Genesis HR Solutions

Should you auto-enroll your employees into your company’s 401(k) program? You don’t need to shake a magic eight ball to make a decision. Instead, take a look at the pros and cons, and then make an educated decision for your company. What is automatic enrollment? Automatic enrollment is exactly what it sounds like—you, the employer, automatically enroll your employees into your organization’s 401(k) plan.

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A Complete Guide on Salary Transparency

HR Lineup

Salary transparency is the practice of openly disclosing the wages and salaries of all employees within an organization. It has gained popularity in recent years as a way to promote fairness and equity within the workplace. However, implementing salary transparency can be a complex process, with various considerations to take into account. This guide will provide a comprehensive overview of salary transparency, including its benefits, how to successfully implement it within your organization, an

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Combatting the Effects of Inflation: Keeping Benefits Competitive While Cutting Cost

Speaker: Jaye Johnson, CBP - Employee Benefits and Total Rewards Leader, World at Work Content Author, and Speaker

After years of facing the global pandemic, we are now struggling with a new problem: inflation. No one could have predicted the impact of inflation on employee benefits and how it affects both employees and employers. Employers are now trying to maintain or lower the cost of benefits while competing for talent in a competitive and tight labor market, but the rising costs of consumer goods and healthcare make it extremely difficult to consider increasing their benefit offerings.

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55% of UK staff want more reward and recognition investment

Employee Benefits

More than half (55%) of UK employees want their employer to increase its investment in employee reward and recognition, according to reseerch by employee engagement platform Reward Gateway. Its 2023 Employee engagement trends report, which surveyed more than 3,000 employees across four global regions, also found that more than half of UK respondents frequently experience stress at work.

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How 401(k) advisers can uncover and engage with client prospects

Employee Benefit News

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4 steps to a great employee experience strategy

Achievers

Employees and job candidates now look far beyond salary when deciding whether to remain at or join an organization. While great compensation and benefits still matter, factors like inspired company culture, and truly engaging work are more important than ever. In short, people are looking for a great employee experience that lasts from the moment they apply for a job until the day they leave the organization.

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Changes in Management HR Should Consider In 2023

HR Digest

It’s no news that the business world will experience changes in management in 2023. And HR is going to have to keep up. The new year is here, so it’s time for HR professionals to start thinking about how they’ll be ready for the future. HR leaders are always looking for ways to improve their employees’ lives and the company’s bottom line.

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45 Company Core Values Examples and Steps to Identify Yours

BetterUp

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Unleashing AI in Recruitment: The Ultimate Guide

Discover the power of AI in recruitment with Paycor’s complete guide. Learn how to streamline your hiring process, increase interview pipeline, uncover candidates other tools miss, and save time. Get ready to revolutionize your talent acquisition strategy today!

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How can employers support LGBTQ+ employees?

Employee Benefits

Need to know: In ensuring that they are supporting employees from within the LGBTQ+ community, employers need to talk to and gain feedback from their employees to establish their needs and identify areas where they feel support is lacking. The inclusion of LGBT+-friendly benefits, such as gender transitioning treatment, fertility and parental benefits, must meet the needs of all populations within the workforce.

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How to spot team players in job interviews

TLNT

While it might not always be the first thing to come to people’s minds, ‘teamwork’ is rapidly becoming one of the most important competitive advantages for every organization – especially in a remote/hybrid work environment.

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Sending employees back to school: Andersen launches customized, free MBA program

Employee Benefit News

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11 happy work anniversary messages for employees

Achievers

Work anniversaries mean something to everyone. They’re an opportunity to celebrate an employee’s accomplishments and contributions while strengthening the relationships between team members. And it all starts with a heartfelt message of congratulations for a happy work anniversary. While there’s much more to an anniversary celebration than a quick message — like a meaningful gift and a public ceremony — the right words can mean a big difference.

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HR and Employee Healthcare Reform: Keys to Increasing Employee Wellness and Retention

Speaker: Mallory Herrin, CEO & Principal HR Consultant at HerrinHR

Your employees are your most valuable resource. If you want to retain employees and keep them happy, you want to make the incentives more valuable. With a full-stack employee experience, culture, health, wellness and benefits navigation solution, you can provide employees with the wellbeing support they need. The results? Employees who are happier, healthier, and more engaged, as well as a business that is thriving both internally and externally, every day.

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Driving Success through the Employee Experience

HR Digest

What you realize is that it isn’t always the big, new, shiny initiatives that make the biggest difference. People want to be treated with respect, they want to feel included as part of the team, and they want to have opportunities to learn and succeed. The HR Digest: “At McDonald’s, we believe that serving up a best-in-class customer experience starts first with ensuring an exceptional employee experience.

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8 little-known benefits of employee assistance programs

Insperity

It is often assumed that employee assistance programs (EAPs) are only for people seeking counseling and mental health support. Of course, an EAP provides those services, but that’s not the extent of what an EAP can do – not by far. In fact, that’s just the tip of the iceberg when it comes to EAP benefits. What are EAPs used for? With any EAP, the goal is to lift weight from employees’ shoulders and give them peace of mind so they can focus their attention on work and achieve better work-life bal

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Hootsuite uses feedback from LGBTQIA+ employees to inform its benefits package

Employee Benefits

Social media management organisation Hootsuite, which employs around 1,000 people, has implemented a range of lesbian, gay, bisexual, trans, queer, intersex, asexual and more (LGBTQIA+)-friendly initiatives. These include a restructuring of employee benefits, with increased coverage for mental health, fertility treatment, and gender affirmation surgeries, and the establishment of a diversity, equity and inclusion (DE&I) council, comprising employees and allies from diverse groups, to promote

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Why you should hire ex-service personnel – from the HRD, hirer and veteran

TLNT

It’s an uncomfortable fact, that for a country that so venerates its veterans, life for ex-service personnel can be incredibly tough when it comes to finding a ‘normal’ job.

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Cancel Quiet Quitting: Detoxing Corporate Culture & Engaging Top Talent

Speaker: Jennifer Brick, Career Strategist and Author

Your employees have checked out. The last few years have been a wild ride, with countless changes to how we work and our workplace cultures, like the sudden shift to remote work, the return to office, and trends like quiet quitting. With productivity, profitability, and your employer brand on the line, leadership is turning to HR to engage employees and recreate your culture in different working models.

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5 things employers should know about caregiving and remote work

Employee Benefit News

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SECURE 2.0 Brings Significant Changes for 403(b) Plans

Proskauer's Employee Benefits & Executive Compensa

As part of our continuing series on SECURE 2.0 , signed into law December 29, 2022, this post focuses on significant changes for section 403(b) tax-sheltered annuity plans (“403(b) plans”). 403(b) plans are similar to 401(a) tax-qualified defined contribution plans but sponsored by public schools or non-profit entities and subject to unique requirements under the Internal Revenue Code (the “Code”).

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Can You Get Successful And Still Have A Life? Younger People Are Trying To Find Out

HR Digest

Can you have a successful career and still have a life? In the age of the 24-hour news cycle, the idea of having a “normal” life has become an elusive concept. It seems like every hour of the day, our lives are getting more and more consumed. It’s not unusual for us to feel this way about success. But did you know that there are people out there who are able to balance their career with their life outside the office?

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Teamwork Skills for Thriving at Any Job

BetterUp

Jump to section. What are teamwork skills? Why teamwork matters. How to improve your teamwork skills. Life is a team sport. Throughout your life, you’ve probably been a part of many teams. Some of these experiences were likely better than others because of how the team functioned. Maybe your office softball team supported everyones’ strengths and was unstoppable on the field, but in the office, you were assigned group work with a team that struggled to delegate tasks and accept constructive feed

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Leveling the Playing Field: How HR Can Equitably Improve Health Outcomes Through Fertility Benefits

Speaker: Julie B. Chavez - VP, Strategy & Alliances at Carrot

As HR and total rewards professionals, we are often seeking opportunities to foster a better sense of community and belonging amongst employees - ensuring that all employees have an equitable opportunity to receive fertility treatments is one of the many ways this can be achieved. Fertility benefits make it possible for employees to access treatments like IVF.

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Ideal launches employee engagement strategy

Employee Benefits

Brighton-based smart buildings technology business Ideal has introduced an employee engagement and happiness programme for its 60 members of staff. Run by The Happiness Index, the digital platform was designed to boost people strategy by improving performance and cultural health. Ideal employees can access more than 20 pre-built neuroscience-backed surveys, which help to create actionable insights to drive people strategy.

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Employers Covering Prescription Drugs for Weight Loss

International Foundation of Employee Benefit Plans

A healthy reset has been a standard theme entering the new year, but it shouldn’t be the only time of year workplace wellness gets prioritized. What an individual’s weight says. Read more > The post Employers Covering Prescription Drugs for Weight Loss appeared first on Word on Benefits.

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Work-life balance matters to employees — how to find out if it matters to a company

Employee Benefit News

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District Court Rejects Participant’s Attempt to Stop Plan From Recouping Overpayments

Proskauer's Employee Benefits & Executive Compensa

In Kanefsky v. Ford Motor Co. Gen. Ret. Plan , No. 22-cv-2259, 10548 U.S. Dist. 2023 WL 186800 (E.D. Mich. Jan. 13, 2023), the court granted a motion to dismiss a pension plan participant’s claim that the plan was equitably estopped from recouping overpaid plan benefits. Upon termination of his employment, the participant requested and received from the plan a disclosure estimating that his pension would be $6,225.24 per month.

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Creating Benefits Flexibility Your Employees Will Value

Speaker: Alex Anderson - Total Rewards Strategist at Lockton Companies | Leo Tokar - President, People Solutions and Partner at Lockton Companies

The workforce of today has a completely different perspective on total rewards, and it's time for businesses to adjust to meet their requirements. Employees want more personalization. In fact, the most common inquiry that total rewards experts receive from workers in all fields is how much control they should have over their compensation and benefits.