January, 2024

article thumbnail

What role does AI play in reward and benefits?

Employee Benefits

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.

Finance 116
article thumbnail

Dispelling Cybersecurity Myths for Benefit Plans

International Foundation of Employee Benefit Plans

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tips and Resources for Every New Plan Participant

Benefit Resource Inc.

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?

article thumbnail

Emily Whitelock: Pots-for-life plan could pose risk to employee pension engagement

Employee Benefits

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

Pension 119
article thumbnail

HR in 2025: Insights & Predictions

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!

article thumbnail

Does crypto currency have a role to play in employers’ pay strategies?

Employee Benefits

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

More Trending

article thumbnail

Organizations Need to Balance Speed and Effectiveness

HR Bartender

Estimated reading time: 3 minutes Technology is a great thing. It’s also constantly changing and, for effectiveness, we have to stay current with what’s happening. And by “we”, I mean both individuals and organizations. For example, I’ve been seeing articles about Q-day, which is a term used to describe when quantum computers will be able to crack all of the codes currently protecting digital data.

article thumbnail

The Swedish Strike against Tesla Persists with No Clear End in Sight

HR Digest

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

article thumbnail

London’s office market is reshaping the city and the way people experience the workplace

Workplace Insight

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.

article thumbnail

Notable workplace violence examples and how to prevent them

Business Management Daily

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.

article thumbnail

The Employers Guide to Controlling Cancer

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.

article thumbnail

How to support employees’ health and wellbeing in the winter months

Employee Benefits

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.

article thumbnail

A Restful Resolution: Prioritizing Sleep Health in the New Year

International Foundation of Employee Benefit Plans

In the hustle and bustle of our lives, sleep often takes a back seat to work demands, social obligations and the ever-present glow of screens. How many times this year have you found yourself burning the midnight oil, playing catch-up? The realm […] The post A Restful Resolution: Prioritizing Sleep Health in the New Year appeared first on Word on Benefits.

article thumbnail

Make a Promise to Conduct Better Meetings In the Year Ahead

HR Bartender

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.

article thumbnail

HR in 2024: Shaping Tomorrow’s Workforce Through Bold Leadership

HR Digest

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.

article thumbnail

Game Plan Total Rewards Consulting: We Solve [period].

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.

article thumbnail

Employers must act to offer more choices to people

Workplace Insight

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.

article thumbnail

Rethinking Retirement: Addressing The Gap Between Employee Needs & Employer Actions

Wellable

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.

article thumbnail

Make employee wellbeing a continuing conversation

Employee Benefits

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

Insurance 119
article thumbnail

Understand, identify, and address nepotism at work

Business Management Daily

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.

article thumbnail

New Report from 3,500+ Employers Confirms Retention is a Top HR Priority in 2024

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.

article thumbnail

Front-line managers: Your business strategy superheroes

Insperity

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.

article thumbnail

How to Acquire Top Talent in 2024

BerniePortal

Recruiting, acquiring, and keeping the right employees for your organization is the best way to ensure its success. SHRM calls sourcing and recruiting “the meat and potatoes of talent acquisition.” Without effective sourcing and recruiting, your organization is left hungry for talent.

article thumbnail

Third of UK adults experience a high level of stress each year

Workplace Insight

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

Overtime 111
article thumbnail

5 Key Takeaways From 2024 Employee Wellness Industry Trends Report

Wellable

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.

article thumbnail

Create a Culture of Belonging

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.

article thumbnail

What will employee motivation look like in 2024?

Employee Benefits

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.

Net Pay 119
article thumbnail

How to help an employee who’s burned out

Business Management Daily

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.

PTO 105
article thumbnail

Employee Experience vs Employee Engagement: Know the Difference

Vantage Circle

You must be familiar with the concepts of employee experience and employee engagement. There is a higher possibility that you consider both the same and may have used it interchangeably. But do you know that they are two different concepts? They may have some interconnection, but they focus on different aspects. This blog will take you through a venture that will clarify your confusion about these two concepts.

Utilities 101
article thumbnail

How to Get Your Life Together: 10 Steps & Checklist

BetterUp

Learn how to get your life together by following 10 steps to regain control. Find out how to goal-set, plan, ask for help, and take care of yourself.

111
111
article thumbnail

Using an HSA to Save for Health Care in Retirement

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.