Employee Benefits
JANUARY 8, 2024
Credit: Looker/Studio-Shutterstock Need to know: Artificial intelligence (AI) is already starting to impact the world of benefits and reward, in areas such as benefits selection, administration and modelling potential strategies. Employees can also gain through personalised recommendations and support with questions. But concerns remain over data security and the lack of emotional intelligence in AI.
International Foundation of Employee Benefit Plans
JANUARY 11, 2024
As the rate of digital transformation continues to accelerate across all industries, poor cybersecurity remains a pressing threat to employers and benefit plan sponsors. Awareness of nine common cybersecurity myths can help employee benefit plan stakeholders better understand their plan’s risk posture […] The post Dispelling Cybersecurity Myths for Benefit Plans appeared first on Word on Benefits.
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Benefit Resource Inc.
JANUARY 4, 2024
After much consideration, you’ve made the wise decision to enroll in a pre-tax benefit plan. As a new plan participant, you will experience significant savings on eligible items and services in the coming months! To help you make the most of your account(s), here are some helpful reminders, tips and valuable resources. How do I access the funds in my account?
Employee Benefits
JANUARY 17, 2024
While automatic-enrolment has resulted in more individuals saving for retirement, it has created a separate issue that the Department for Work and Pensions (DWP) describes as ‘the proliferation of small pots’: the creation of multiple deferred pension pots , often low in value, when employees change employer. Lack of engagement with pensions has compounded the problem, with many individuals leaving their small pots behind rather than consolidating them, which can lead to poorer retir
Speaker: Kaitlin Ruby Carroll
Fertility benefits have become a crucial component of employee well-being and retention strategies. In today’s competitive landscape, creating a fertility benefits program that aligns with both employee needs and organizational goals can be more complex than it seems. From cycle-based to flat-dollar and telehealth models, each solution offers unique advantages and challenges that directly affect employee satisfaction and financial well-being.
Employee Benefits
JANUARY 24, 2024
Need to know: Crypto currency is still unusual in pay strategies with early adopters predominately technology businesses and the professional services firms that support them. Crypto currency is subject to income tax when an employee receives it but could also incur a capital gains tax charge if they hold it for more than 30 days. The growth of digital and micro payments over the next 10 years could see crypto currency become more common in pay strategies, especially for incentive schemes and gl
Achievers
JANUARY 31, 2024
Every company wants a workforce where every employee has the skills and knowledge needed to thrive and achieve business goals. But even organizations that attract and retain the best talent available won’t have perfect alignment between employees’ capabilities and organizational requirements — especially as time goes on and new trends and opportunities emerge.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
HR Digest
JANUARY 3, 2024
Promoting collective action is the hallmark of a labor union and the current Swedish strike that Tesla is facing is an obvious testament to that fact. The strike against Tesla began on 27 October when a company subsidiary refused to sign a collective agreement with IF Metall—a labor union that represents the Tesla mechanics in the region. Elon Musk, co-founder and CEO of Tesla, has long stood firmly opposed to labor unions, stating that they created negativity within a company, despite unions be
Workplace Insight
JANUARY 21, 2024
London’s office market continues to adapt to evolving workforce demands. The normalisation of hybrid and flexible working since the pandemic remains the biggest cultural shift that the office sector has witnessed in decades. In addition to the rise in demand for quality-as-a-must in 2023, collaboration, culture, and connectivity will lead the charge for office space trends in the year ahead.
Insperity
JANUARY 9, 2024
From embracing cutting-edge AI technology trends to optimizing customer engagement, the latest business strategies may sound promising. However, for some businesses, jumping on the newest fads can be a risky move. What’s most important is establishing a solid foundation that makes the execution of business strategies conducive to sustainable growth – and it all starts with investing in your front-line managers.
Employee Benefits
JANUARY 1, 2024
Regular breaks during working hours can help to avoid burnout and boost employees’ physical wellbeing. Employers can support employees suffering from seasonal affective disorder by rearranging the workplace to maximise natural light or enable them to sit near a window. Organisations can implement discount schemes that save employees money on essentials to eliminate stress.
Advertiser: Paycor
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Business Management Daily
JANUARY 16, 2024
Even if there’s never been a violent incident at your workplace, you still need a functioning workplace violence prevention program. That’s especially true if your work involves certain risk factors like: Handling cash Working late at night Working in high-crime areas How do you know which preventive measures to implement? One of the best ways is to view actual workplace violence examples to learn what went wrong.
HR Bartender
JANUARY 25, 2024
Estimated reading time: 4 minutes I came across an article recently on CNBC that said 90% of companies plan to implement return to the office policies by the end of 2024. This isn’t surprising. Organizations have been talking about return to the office policies mandates for quite some time. That’s not what I want to talk about today. I want to talk about meetings.
HR Digest
JANUARY 12, 2024
As we stand at the precipice of 2024, a revolution – not an evolution – awaits. The architects of this revolution are the bold and forward-thinking leaders in human resources. The year ahead demands courage and audacity. It is a crucible where tradition and innovation clash, forging a new paradigm in workforce dynamics. The year demands that the pulse of innovation beats strongest within the corridors of a dynamic and future-focused HR strategy.
Workplace Insight
JANUARY 16, 2024
Henley Business School’s World of Work Institute has published a new report on what it calls The Omniployment Era The report claims to identify which what a post-Covid, post-Great Resignation workforce looks like. The study identifies six distinct worker ‘segments’* in the UK workforce and quantifies what attracts and retains them in jobs, and provides advice to businesses on how to build a strong workforce.
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Amidst rising cancer prevalence and soaring costs, new cancer technologies and innovations are emerging to support the early detection, treatment, and surveillance of cancer. Read this guide to understand how to evaluate these solutions for your employees and members – and to learn more about the current state of coverage, clinical and cost effectiveness, and impact on quality and outcomes.
Wellable
JANUARY 31, 2024
With less than half of workers confident in their retirement savings, employers must rethink financial well-being within their workforce. The post Rethinking Retirement: Addressing The Gap Between Employee Needs & Employer Actions appeared first on Wellable.
Employee Benefits
JANUARY 31, 2024
Time To Talk Day takes place in many workplaces across the UK at this time of the year. It’s billed as the nation’s biggest conversation about mental health. However, if all you do is pay lip service as it hits the calendar and talk for one day, there’s little value. So how do you turn it into a conversation that lasts? Create an open culture Recognising that employees are people and not simply workers and understanding how they are feeling is one of the most fundamental aspects of running a bus
McDermott Will & Emery Employee Benefits
JANUARY 30, 2024
Under the SECURE Act and SECURE 2.0 Act, employers must provide long-term, part-time employees the opportunity to make elective deferrals under their 401(k) plans and, beginning in 2025, their 403(b) plans. Under the new rules, long-term, part-time employees include those employees who complete at least 500 hours of service in three consecutive years (reduced to […] The post A Long-Term, Part-Time Employee or a Former Long-Term, Part-Time Employee, That Is the Question appeared first on EM
Business Management Daily
JANUARY 29, 2024
There has been a lot of talk over the past year about nepotism and “nepo babies” in the entertainment industry. Whether it be an actress from a famous family or a model following in her mother’s footsteps, Hollywood is filled with these so-called “nepo babies”. Some are genuinely very talented and have proved that they are stars in their own right, while others may fall a bit flat and it can feel like nepotism may be taking away opportunities from more qualified or hard-working individuals.
Speaker: Radhika Samant and Todd Wuestenberg
Employee recognition has often been deemed a "feel-good" initiative, tied closely to rewards. While we understand its importance, we tend to associate recognition with intangible outcomes like engagement and sentiment, rather than direct impacts on retention and high performance. In today’s workplace, the true ROI of recognition lies in its ability to regenerate tangible, business-driven results.
Employee Benefit News
JANUARY 8, 2024
Employees in the office and working from home feel unsatisfied with a hybrid work model. Here's how employers can rethink their approach.
Workplace Insight
JANUARY 22, 2024
Over a third of adults experienced high or extreme levels of pressure and stress always or often in the past year (35 percent), according to the new annual report from Mental Health UK. The report warns that the UK is at risk of becoming a ‘burnt-out nation’. Against a backdrop of rising levels of people out of work due to long-term sickness, the polling of over 2,000 UK adults by YouGov for the Mental Health UK reveals that one in five workers (20 percent) needed to take time off due to poor me
Wellable
JANUARY 24, 2024
Wellable’s 2024 Employee Wellness Trends Industry Report reveals crucial insights for employers to make informed wellness strategies and benefits decisions. The post 5 Key Takeaways From 2024 Employee Wellness Industry Trends Report appeared first on Wellable.
Employee Benefits
JANUARY 3, 2024
Credit: Artem Oleshko/Shutterstock Need to know: Employee motivation strategies need to factor in cost-of-living pressures and the increasing need for personal development. Motivating people to return to the office must be carefully balanced with the motivational aspects of the flexibility of remote and hybrid working. As skill shortages continue, reskilling and upskilling staff, particularly in digital skills, will become increasingly motivational in terms of personal development.
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Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.
McDermott Will & Emery Employee Benefits
JANUARY 29, 2024
Multiple states – including Alaska, Wisconsin and New Jersey – have been busy finalizing legislation and rulemaking to adopt interstate compacts and amend and clarify telehealth-related standards of care. What else have these states been up to over the last month? Read more here. The post States Move to Amend, Clarify Telehealth-Related Standards of Care appeared first on EMPLOYEE BENEFITS BLOG.
Business Management Daily
JANUARY 23, 2024
Prior to coming on board as the new departmental manager, Andrew heard a great deal about an employee named Kristen. When he looked over past performance reviews to get a feel for his new team, her evaluations stood out as particularly stellar. Bosses described her as passionate, reliable, productive, and accommodating. Even in the notes the previous manager left for him, she merited individual mention: “Rely on Kristen when you need something done.
PeopleKeep
JANUARY 31, 2024
Before 2010, securing health insurance coverage as an individual in the U.S. was challenging. Expensive premiums, costly out-of-pocket expenses, pre-existing condition restrictions, and limited plan options left 46.5 million Americans without health insurance 1. These complications impacted the individual market, as well as employers who were considering offering health benefits at their organizations.
Workplace Insight
JANUARY 10, 2024
A new poll from Scalable Software of 2,000 UK knowledge workers claims more than a third (35 percent) resent being told they have to go into the office for a set number of days. Half (50 percent) of respondents say their employer has “productivity paranoia” over employees working away from the office, with 62 percent reporting their organisation has implemented a return to office policy within the last two years.
Speaker: Miriam Connaughton and Donald Knight
As organizations scale, keeping employees connected, engaged, and productive can seem like a monumental task. But what if AI could help you do all of this and more? AI has the power to help, but the key is implementing it in a way that enhances, rather than replaces, human connection. Join us for an exploration into how industry trailblazers are using AI to transform employee experience at scale while addressing both the potential and the pitfalls.
Wellable
JANUARY 17, 2024
J.J. McCarthy led the Wolverines to victory in the College Football National Championship. Explore the power of meditation on the field and in the workplace. The post How Pregame Meditation Helped J.J. McCarthy Win A National Championship appeared first on Wellable.
Employee Benefits
JANUARY 22, 2024
Here are 5 benefits to engage your Gen Z workforce H1; The Five Benefits That Gen Z Want in the Workplace Gen Z will comprise a third of the workforce within the next few years. So what benefits must companies adopt in order to attract and retain this new generation of talented employees? Born after 1995, Gen Z is slowly replacing retiring Baby Boomers within the workforce.
McDermott Will & Emery Employee Benefits
JANUARY 25, 2024
Under the SECURE Act and the SECURE 2.0 Act, employers must provide long-term, part-time employees the opportunity to make elective deferrals under their 401(k) plans and, beginning in 2025, their 403(b) plans. This new rule is fraught with complexity and has generated numerous questions about how the requirements apply. But in talking about the new […] The post A Long-Term, Part-Time Employee or Not a Long-Term, Part-Time Employee, That Is the Question appeared first on EMPLOYEE BENEFITS
Business Management Daily
JANUARY 8, 2024
Stepping into a new leadership role is an exciting time. But once you’ve celebrated your new role and updated your LinkedIn profile, there will also be a lot of challenges to navigate as a new manager. From building a rapport with your team to problem-solving roadblocks that spring up in your new role, being a new manager comes with a lot of new responsibilities.
Speaker: Joe Sharpe and James Carlson
Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.
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