February, 2024

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75% of Gen Z staff advocate for better mental health benefits and flexibility

Employee Benefits

Three-quarters (75%) of Generation Z employees have advocated for benefits to be inclusive of better mental health support, have flexibility around working hours and greater accessibility, according to research by sleep and meditation app Calm. Its Voice of the workplace report 2024, which surveyed more than 4,000 employees and HR leaders, also found that Generation X and Boomer staff are the least proactive when advocating for benefits or changes in the workplace, with Gen Z and millennials 47%

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Can employers solve the child care crisis?

Employee Benefit News

Working parents spend 20% of their income on child care — if they can even find it. Employers can offer a helping hand, and better benefits and workplace support.

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29 Benefits of Coaching for Individuals and Businesses to Thrive

BetterUp

There are lots of products and services out there that claim to change your life — coaching might be the one thing that actually delivers on this promise. The benefits of coaching reach beyond the superficial and are as flexible as you need them to be. A friend of mine was ready to quit her job. Two months after coming back from maternity leave, she was stressed and unhappy.

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42% of working parents want better pay and family support

Employee Benefits

Two-fifths (42%) of working parents admitted to looking for alternative work in 2024 with higher pay and better family life support, an increase of four percentage points on 2023, according to research by childcare provider Bright Horizons. Its annual Modern families index, which surveyed more than 3,000 working families, found that the number of employees who feel their employer is supportive of family life has dropped, from 77% last year to 72% this year.

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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.

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The key topics shaping the future of workplace financial wellbeing

Employee Benefits

Financial wellbeing has a key role to play in supporting HR goals such as recruiting and retaining employees and improving productivity. However, the factors influencing financial wellbeing strategies are changing. With insight from its latest Financial Wellbeing Research 2023 [1] in association with Reward & Employee Benefits Association, WEALTH at work reveals some of the key topics set to shape future financial wellbeing strategies.

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Employee Reskilling Is The Answer to the Talent Shortages At Work

HR Digest

The need for reskilling and upskilling in the working environment has been at the forefront of many HR conversations and employee reskilling especially is likely to require considerable investments in the upcoming years. While keeping up with changing times has always been a necessary consideration regardless of the industry, the rapid upsurge of technology recently has really highlighted the need for reskilling programs in order to understand how to do a job you might have been doing for years

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How Gulliver’s Travels predicted AI and our attempts to make sense of it all

Workplace Insight

Gulliver’s Travels is one of those books we assume we know. But what we tend to recall is some stuff about Lilliput, giants, talking horses and possibly something about scientists trying to extract sunbeams from cucumbers. It’s really about one man’s descent into disillusion with the human race. It is acerbic, occasionally tediously detailed, and offers insight into some aspects of the human condition, which makes it timeless.

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4 things employers must do to keep current on HSA rules and regulations

Employee Benefit News

Employers that contribute to HSAs must monitor contributions, satisfy comparability rules, determine which financial organizations to work with and meet reporting requirements.

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The Importance of Employee Recognition: With Statistics and Examples

Vantage Circle

We all know that employee recognition is all about appreciating and rewarding the hard work and achievements of your employees. But do you know why is employee recognition important? It extends far beyond merely creating a positive and motivating workplace atmosphere. Employee Recognition serves as a fundamental cornerstone for organizational success.

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Creating a Company Culture of Care: Integrating Mental Health, Wellbeing, and DEI in Benefits

Speaker: Sean Raible

Picture a workplace where physiological safety is not just an aim but a reality, driven by thoughtful employee benefits that prioritize mental health, wellbeing, and DEI. 🤔 ✨ Achieving this vision requires more than just occasional training sessions and employee assistance programs. Moving beyond the basics, this vision calls for a holistic approach that integrates these elements into your company culture as well as your HR and benefits strategy.

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68% of employees suffer from health problems at work

Employee Benefits

Almost seven in 10 (68%) employees have reported suffering from health problems at work, according to research by Simplyhealth. The employee health plan provider, which surveyed 4,000 UK adults about their workplace health and wellbeing , and employer practice, also found that a total of almost 19 million days are taken off for physical health problems alone, while 25% of respondents who experienced a health problem said their workplace was not supportive in managing their pain.

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5 Scenarios When You Should Consider a Third-Party Investigator

HR Bartender

Estimated reading time: 5 minutes (Editor’s Note: Today’s article is brought to you by our friends at Case IQ , a leading provider of case management solutions that helps companies manage the process and workflow of investigators collecting and analyzing information related to a case, with the goal of resolving issues, managing risk, and identifying opportunities for improvement.

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California District Court Denies Motion to Dismiss 401(k) Excessive Fee and Underperformance Claims

Proskauer's Employee Benefits & Executive Compensa

A California district court recently denied a motion to dismiss claims that the fiduciaries of a 401(k) plan breached their ERISA fiduciary duties of prudence and loyalty by selecting underperforming, high-cost investments and causing the plan to pay excessive fees for services. The decision is notable for illustrating how pleading standards in investment performance and excessive fee litigation vary depending on jurisdiction.

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Changing shape of workplace is creating new opportunities for property market

Workplace Insight

After a challenging environment for commercial real estate in 2023, its fallout provides investors, developers and corporate occupiers with significant opportunities for value creation and transformational organisational change in 2024, says leading property management and investment firm, Colliers (EMEA) in its new market commentary: ‘ Engage, activate and accelerate performance: next generation real estate strategies’ [registration].

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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20 of the happiest remote-friendly companies

Employee Benefit News

Using Comparably's Happiest Employees 2023 report, Flexjobs ranked which companies have the best cultures and are still hiring remote workers.

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HR Trends of 2024 Help Ensure HR Does Not Become Obsolete

HR Digest

We’ve seen multiple reports regarding the HR trends of 2024 and there is concern across the board regarding job security and whether specific jobs will become redundant in the next few years. Whether you work in a broad HR role that covers multiple tasks and responsibilities or your role gets more streamlined into one area such as recruitment or talent retention, you should find some comfort in knowing that HR roles will never become entirely obsolete.

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London Underground staff accept improved pay offer

Employee Benefits

Credit: sematadesign / Shutterstock.com Workers employed on the London Underground by Transport for London have accepted an improved pay offer following a long-running dispute over wages. The employees, who are members of trade union Unite, overwhelmingly accepted the increase, and will see their pay for the 2023 financial year rise by between 5.8% and 11%, with the lowest- paid grades receiving the largest increases.

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Job Seeker Wants Their Own Social Media Background Check – Ask #hr bartender

HR Bartender

Estimated reading time: 4 minutes I received a reader question recently that I’ve honestly never heard anyone ask before. It’s about doing your own social media background check. Hello. I need a referral for a company that will do a normal employment type background check on me. I’m over age 50 and have a lot of good consistent experience. I have been sending my resume around and had a couple call backs but no offers to hire yet.

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6 Strategies to Navigate Social Determinants of Health for a Better Workplace

In today’s dynamic work landscape, where the lines between personal and professional life blur, understanding the intricate interplay between social determinants of health (SDoH) and emotional wellbeing is paramount. Employers must acknowledge that the whole person comes to work and every aspect of a person’s personal and professional life, especially their mental health, comes with them.

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13 Company Retreat Ideas to Re-energize Your Employees

Vantage Circle

Have you ever noticed a dip in your employees' enthusiasm? Are they slipping into the depths of unproductivity? Well, such a scenario requires your immediate attention. You must attempt to infuse vitality by breaking them free from rigorous routines. This is where the idea of a company retreat comes into the picture. It plays a significant role in rejuvenating your employees.

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What do we need offices for anyway? The Greeks had a word for it

Workplace Insight

The Greek word anagnorisis describes the sense of having just caught up with a truth that was always waiting for you. It’s a common literary and artistic device found in the plots of everything from Oedipus Rex to Macbeth, Star Wars and Fight Club, but it’s also a word that conveys a useful, complex idea that does not have an adequate English version.

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Wellness Champions 101: The Key To Optimizing Employee Wellness Programs

Wellable

The secret behind the best wellness programs? Wellness champions. Learn how to integrate these champions for boosted engagement and improved health outcomes. The post Wellness Champions 101: The Key To Optimizing Employee Wellness Programs appeared first on Wellable.

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Expedia Layoffs To Affect 9% Of Workforce In a Bid To Refocus Resources

HR Digest

With a goal to drive efficiency forward this year, Expedia layoffs are moving ahead with a target of 9 percent job cuts in the upcoming weeks. Reports indicate that the company will soon lay off up to 1,500 employees of their current active workforce. News of the restructuring efforts followed the fourth quarter and full-year 2023 Expedia earnings call where the company actually presented pretty strong performance numbers.

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HR Trends to Watch in 2024 + Plus Advice for Driving Impact!

The pressure is on to create a positive onboarding experience. Plus, a sub-par onboarding process can domino into other concerns such as low performance, burnout (for you and new hires), and retention challenges. Our 2024 State of HR report will give you a realistic picture of the HR landscape and tips to onboarding effectively in the year to come.

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Half of employers think pots-for-life will increase pensions engagement

Employee Benefits

Employee Benefits poll: Approximately half (49%) of organisations think the pots-for-life plan will increase employees’ engagement with their pensions, according to a survey of Employee Benefits readers. More than one-third (39%) of respondents said that they do not think that the pots-for-life plan will increase workers’ engagement with their pensions , while 12% were unsure what the impact would be either way.

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Nike joins growing list of US companies doing large layoffs

Employee Benefit News

Nike will slash its global workforce by about 2%, and joins other major companies like Google and Amazon in laying off staff.

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What Is Talent Management? Best Tips for a Successful Strategy

Qandle

Talent management is the strategic process of attracting, developing, motivating, and retaining skilled individuals within an organization. It involves recruiting the right talent, providing opportunities for growth and advancement, fostering motivation through recognition and rewards, and creating a supportive work culture to encourage employee loyalty and commitment.

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Thoughts of hybrid working should now turn to productivity and trust

Workplace Insight

Businesses now face the huge challenge of managing office returns and addressing the underlying generational divides and mistrust that have surfaced as a result of the pandemic years. With the Office for National Statistics (ONS) having released new data on UK productivity levels that show productivity remains sluggish, the impact of hybrid working models on productivity and employee well-being, especially in light of last year’s unprecedented spike in sick days, is an important issue.

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Improving Access To & Utilization Of Cancer Screening With Color

Discover how Color's comprehensive care solution is revolutionizing cancer screening adherence and knowledge. Through an in-depth case study, Color's unique approach to comprehensive cancer care has shown significant benefits in increasing screening rates and enhancing patient knowledge. Participants reported a 2-3x increase in adherence to screening guidelines over just 8 weeks, with 84% of participants increasing their familiarity with timing and frequency of cancer screening.