November, 2023

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What is a catastrophic health insurance plan?

PeopleKeep

Healthcare costs continue to rise , making it increasingly difficult for people to find affordable coverage. In response to this, catastrophic health plans have emerged as an alternative option for those who are relatively healthy and primarily seeking coverage in case of major medical events.

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Adapting Benefits For A Multi-Generational Workforce

Wellable

With low job satisfaction rates across generations, tailored benefits emerge as a solution to appeal to a multi-generational workforce. The post Adapting Benefits For A Multi-Generational Workforce appeared first on Wellable.

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Do total reward statements still engage employees with their benefits packages?

Employee Benefits

Credit: Julia Sudnitskaya / Shuuterstock.com A total reward statement provides an overview of an employment package and its value. Offering choice regarding how a total reward statement is delivered to an employee is key to ensuring effective engagement. A personalised benefits package can help to engage employees with their benefits because it is specifically relevant to them.

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Pet insurance or life insurance? Help employees select the voluntary benefits they need

Employee Benefit News

By capturing employee attention with popular benefits, employers can piggyback communication about the most valuable enhancements for their workforce.

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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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42% of employers plan to reduce flexibility for staff in 2024

Employee Benefits

Approximately two-fifths (42%) of employers plan to reduce flexibility or offer less of this to their employees in 2024, according to research by Barnett Waddingham. The independent consultancy, which surveyed 302 HR directors and C-suite professionals, found that this could see as many as 588,000 employers planning to offer reduced flexibility to working arrangements.

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Artificial Intelligence: Is It Okay for Job Seekers to Get Help With Their Job Search

HR Bartender

Estimated reading time: 3 minutes I’d like to think that most, if not all, of us would answer the question “Is it okay for job seekers to get help with their job search?” with the answer “yes”. We encourage job seekers to reach out to their networks when they’re looking for new opportunities. We encourage them to speak with mentors and coaches about how to share their strengths during interviews.

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Where are the iconic office furniture products of yesterday?

Workplace Insight

Over the past week or so, this image has gone viral on social media. It is of a group of Bauhaus design students from around 1927. They are called Martha Erps, Katt Both and Ruth Hellos. The full image (reproduced below) shows them with legendary office furniture designer Marcel Breuer, who Erps would later marry. The story of the photograph can be found here.

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360-Degree Feedback Programs To Help Your Company Grow

HR Digest

The term 360-degree feedback has gained global popularity with reports from Forbes indicating that more than 85 percent of Fortune 500 companies use 360 feedback to review their employees regularly. A 360-degree appraisal system provides an elaborate set of criteria to evaluate an employee. The evaluation report is a compilation of feedback from managers, peers, and juniors.

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Millennials are on track for better retirement than boomers, Vanguard study finds

Employee Benefit News

Baby boomers may be wealthier, but millennials have benefited from a number of retirement reforms, new research shows — and they still have more time to save.

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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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Tribunal rules stress can be disability without mental health diagnosis

Employee Benefits

An employment tribunal has ruled that stress can be considered disability without a formal mental health diagnosis from a doctor. At a preliminary hearing to discuss a case brought against Aneurin Bevan University Local Health Board, the tribunal panel in Cardiff found that claimant Mrs Phillips could be considered disabled under the Equality Act 2010.

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How to manage someone who doesn’t respect your authority

Business Management Daily

Think back to elementary school for a moment. Remember some kids who would roll their eyes at assigned tasks they did not like? Or maybe they interrupted the teacher while she talked, refused to listen when she asked them to sit down, or called her names like “stupid” behind her back (or even to her face)? Fortunately, people generally develop better ways of expressing themselves as they mature.

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The Most Productive Ways to Spend the Last Two Weeks of the Year

HR Bartender

Estimated reading time: 4 minutes I’ve mentioned a few times recently about projects that might be perfect for the end of the year and thought it would be good to expand on the idea. When I worked in a corporate office, I often worked during the final two weeks of the year. At first, because I had to. Everyone else had more seniority and vacation time.

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Inclusive office design is essential if we want offices to be worth the commute

Workplace Insight

Corporate culture has fundamentally changed since the pandemic and with it, so has the way employees interact with the office. This has put leaders under pressure to create experiences for employees that complement, and in some ways even compete with, the comforts of home. Organisations now understand the immense potential for sustainable, inclusive office design, and people-centric real estate strategies to drive positive change and fuel growth.

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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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How to Recruit Top Talent without Treating It Like a Chore

HR Digest

Among reports of increasing job dissatisfaction and high employee attrition rates, many companies are caught wondering how to recruit top talent and retain top talent as well. While many are able to attract effective workers with hefty packages, not everyone can convince employees to stay either. Pew Research Center found that 43 percent of young workers have stayed with their employees for over three years, but on the other hand, 40 percent have spent less than 12 months with their employers.

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Rosalynn Carter and 10 other notable mental health advocates

Employee Benefit News

As the need for mental health continues to grow, public figures have long fought to shake off stigma.

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69% of women had negative experience at work due to menstruation symptoms

Employee Benefits

More than two thirds (69%) of women have had a negative experience at work due to menstruation symptoms , according to research by the Chartered Institute of Personnel and Development (CIPD). The professional body for HR and people development’s report Menstruation and support at work , which surveyed more than 2,000 women, found that the most common reported symptoms include abdominal cramps (60%), irritability (52%), fatigue (49%) and bloating (49%).

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Manager feedback questions to ask your employees and improve your leadership

Business Management Daily

Most managers understand the importance of providing timely feedback to their direct reports, but it’s important to remember that feedback isn’t just for employees, Effective leaders also welcome and request constructive feedback. Receiving actionable feedback from your peers and direct reports is a great way to aid your own professional development as a manager.

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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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Second Circuit Establishes Practical Pleading Requirement for Prohibited Transaction Claims Under ERISA Section 406(a)(1)(C)

Proskauer's Employee Benefits & Executive Compensa

The Second Circuit recently held that in order to state a claim for a prohibited transaction pursuant to ERISA section 406(a)(1)(C), it is not enough to allege that a fiduciary caused the plan to compensate a service provider for its services. Instead, “the complaint must plausibly allege that the services were unnecessary or involved unreasonable compensation.

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Flexible workspace market will be worth up to $50bn by end of decade

Workplace Insight

According to a new market intelligence report , the worldwide flexible workspace market could exceed between 35 and 50 billion US dollars by 2030, reflecting the growing demand for flexible and agile work environments. The report claims that the escalating demand for flexible workspaces is on the rise, propelled by a heightened desire for convenience and comfort in prime locations such as offices and auditoriums.

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How Can HR Contribute to Business Growth and Help Envision Future Success?

HR Digest

We are slowly witnessing the resurgence of Human Resource Management, with companies actively investigating how HR teams can contribute to business growth. For years, HR teams have largely been delegated to admin tasks and rote hiring activities, but there are innumerable ways by which HR can contribute to business success. HR strategies for business growth focus on the hiring and retention of the right talent, but they can also involve active participation in key business decisions by bringing

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What health plans are and aren’t covered by ERISA

PeopleKeep

If you offer employee benefits to workers in the United States, there’s a very good chance they fall under the regulations of the federal Employee Retirement Income Security Act of 1974 (ERISA) 1. Congress enacted ERISA to protect the interests of employees who participate in your benefit plans. It set minimum standards and created documentation requirements to ensure employees receive the benefits they’re entitled to.

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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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What support can employers offer for expatriate staff facing natural disasters?

Employee Benefits

Rescue helicopter/Jaromir Chalabala/ Shutterstock Need to know: Pre-assignment risk assessments and briefings can help an expatriate employee feel as prepared as a local if a natural disaster happens. Security risk management firms can support employees with information and support if they are affected by a natural disaster. Employers should check what is included in an evacuation and repatriation service because some only offer it when an employee needs medical attention.

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Debunking 7 productivity myths and unlocking efficiency

Business Management Daily

There is a short list of things for which nearly everyone strives. When you put that list in terms of our work, success and career, productivity is one of those desirable outcomes. When something is both important and desirable, you would think we would have a clear picture of it. Instead, there are tons (far more than seven) of myths about what productivity is and how to achieve it.

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Small businesses are outhiring large employers — but can they afford to retain them?

Employee Benefit News

Tina Wang, VP of HR at ADP, breaks down how small businesses can retain new talent despite their financial limitations.

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Appetite for hybrid working shows no sign of letting up at large firms

Workplace Insight

The ongoing advancements in technology have made remote collaboration more feasible and seamless than ever before. Collaboration tools have become essential in ensuring the coexistence of the digital and physical workplace, both internally with employees and externally with clients. And in 2023, companies have been posting hybrid working related roles in record numbers, according to a new report from GlobalData.

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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.