Employee Benefits
JANUARY 30, 2023
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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Genesis HR Solutions
JANUARY 30, 2023
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.
Employee Benefits
JANUARY 13, 2023
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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What type of worker is most engaged—hybrid, remote, or onsite? What are the drivers of effective leadership? What does the C-suite think HR is most responsible for? And why is a wave of HR resignations more likely in the next 12 months? Get our annual survey report to find out: The #1 challenge of recruiting & hiring Why remote teams are struggling What are the drivers of effective (and ineffective) leadership And lots more!
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
Achievers
JANUARY 31, 2023
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.
Money Talk
JANUARY 18, 2023
The year 2022 was chock full of news about inflation, with a year-to year Consumer Price Index increase of 9.1% in June and a still-high 6.5% CPI at year-end. Not surprisingly, much of the news was negative; e.g., soaring prices for food, gas, utilities, cars, insurance, and more. What often gets lost in conversations and media reports about inflation are the ways that some people can benefit from it.
HR Digest
JANUARY 9, 2023
As the world continues to evolve at a rapid pace, HR trends in 2023 are expected to follow suit. From the incorporation of technology to shifts in company culture, HR professionals and thought leaders are keeping a close eye on what the future holds for the industry. One of the biggest global HR trends for 2023 is the increasing importance of diversity, equity, and inclusion.
Employee Benefits
JANUARY 11, 2023
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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About 40% of us will be diagnosed with cancer in our lifetime, and patients are getting younger. At the same time, the cost of treatment continues to rise, with employers spending 8.5% more on cancer care for each employee than they did last year. The best thing employers can do for their employees and business tomorrow is to invest in cancer detection and care today.
Best Money Moves
JANUARY 11, 2023
Financial Wellness: The missing piece of your DEI strategy. Financial wellness could be the key benefit that your DEI initiative is missing. Here’s what to consider. . Organizations are constantly trying to improve diversity. But while progress has been made, many workplaces are still a long way from achieving true equity. . The median wealth for white households is $187,300, according to data released by the U.S.
Proskauer's Employee Benefits & Executive Compensa
JANUARY 30, 2023
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”).
International Foundation of Employee Benefit Plans
JANUARY 5, 2023
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.
Money Talk
JANUARY 4, 2023
Last month, I presented my eighth annual (2022) Personal Finance Year in Review webinar for OneOp. Below are dozens of important events and trends from the past year: High Inflation- The consumer price index (CPI) started out the year at a 12-month percentage change of 7.5% in January 2022, reached a year-to-year high of 9.1% in June 2022, and stood at 7.1% in November.
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Game Plan Total Rewards provides strategic consulting and project management services for Total Rewards, HR Operations, and Mental Health programs. From 50 to 50,000+ employees, all industries, we are experienced in working with all sizes and types of organizations and can support globally given our experience in over 30 countries.
HR Digest
JANUARY 14, 2023
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.
Employee Benefits
JANUARY 11, 2023
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
Best Money Moves
JANUARY 31, 2023
3 ways to improve your employee retirement benefits. Retirement benefits are a vital tool for your workforce. Here are three key ways to support your team with better retirement options. Almost 4 in 10 employees say they’re not confident about reaching their retirement goals, according to a 2022 Bank of America report , and even more are unsure if they have enough savings to retire.
Proskauer's Employee Benefits & Executive Compensa
JANUARY 27, 2023
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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The first report from Gallagher’s 2024 US Workforce Trends Report Series, includes data from 3,500+ employers who participated in the 2024 US Benefits Strategy & Benchmarking Survey. The report provides benchmarks for benefits, HR and people strategies to help organizations thrive. Organizations continue to rank retention as the top priority for HR, and second highest for operations.
BetterUp
JANUARY 9, 2023
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
International Foundation of Employee Benefit Plans
JANUARY 18, 2023
As a benefits professional, you often wear many hats, and communications could be one of the more challenging roles you encounter. You’re required to not only inform but inspire employees. Read more > The post Magazine Extra: Benefits Touch Points—Communicating When It Matters appeared first on Word on Benefits.
HR Digest
JANUARY 19, 2023
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.
Employee Benefits
JANUARY 26, 2023
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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Ready to boost employee happiness, improve inclusion, and make a positive impact on morale? From fostering cooperation and collaboration to promoting inclusivity and community impact, our checklist covers it all! Create the kind of workplace where employees feel valued, motivated, and invested in your success.
Best Money Moves
JANUARY 9, 2023
4 top 2023 employee benefits. Here are the trending employee benefits that companies are investing in for 2023, to help cope with financially stressful times. The International Monetary Fund estimates that 2023 will see global economic growth decline to only 2.7 percent in 2023. This is a significant drop from the 6.0 percent growth recorded in 2021, and the lowest since 2001. .
Proskauer's Employee Benefits & Executive Compensa
JANUARY 24, 2023
A district court in New York recently dismissed a putative class action challenging retirement plan recordkeeping and investment management fees. The case is Singh v. Deloitte LLP , No. 21-cv-8458, 2023 WL 186679 (S.D.N.Y. Jan. 13, 2023). The court’s decision adds to the growing number of Second Circuit district courts relying on out-of-circuit appellate decisions to dismiss excessive recordkeeping and investment management fee claims for failure to plead proper benchmarks against which to mea
Darwinbox
JANUARY 16, 2023
2023 promises to be an exciting year. We’re witnessing a radical shift in the way we work, the way we organize ourselves, and how we collaborate. As we enter the new year, we’re delighted to share with you that Microsoft has made a strategic investment in Darwinbox to work jointly on technology innovations that shape the future of work. This partnership is amongst the first of its kind in the global HCM market.
Vantage Circle
JANUARY 19, 2023
When it comes to sales incentive programs the first thought in your mind is monetary incentives. However, that is not all there is to incentive programs. Let’s find out more about sales incentive programs and how to design and implement them to benefit your organization. What Is A Sales Incentive Program? Sales incentive programs are systems developed by businesses to compensate salespersons for achieving certain specific goals.
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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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