July, 2024

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What is Unicorn Hiring?

HR Lineup

In the world of business and recruitment, the term “unicorn” originally referred to privately-held startup companies valued at over $1 billion. However, the concept of the unicorn has since expanded beyond finance and tech sectors to describe rare and exceptional job candidates. Unicorn hiring, therefore, is the process of recruiting these exceptional individuals who possess a unique combination of skills, experience, and qualities that make them exceedingly rare and highly valuable

Health 84
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Recognition as a Tool for Reinforcing Company Values and Objectives

Vantage Circle

According to Deloitte, 54% of employees prefer verbal "Thank you" for their day day-to-day accomplishments The statistics here demonstrate that the power of a simple 'thank you' has not waned off its charm. Gratitude is all it takes, no matter how big or small, to ignite motivation in employees. This motivation drives them to go above and beyond in their roles, exhibit higher levels of creativity, and contribute to a positive workplace culture, inevitably boosting employee perf

Health 59
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3 steps to developing HR strategies

Achievers

Human resource (HR) professionals play a leading role in keeping any organization functional and successful. They’re responsible for acquiring and retaining talent, developing and engaging employees, and so much more. But without the benefits of a well-crafted HR strategy , they’ll lack the direction and resources they need to advance your company’s immediate and long-term objectives.

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Digital age workplace: Why soft skills matter more than ever

Business Management Daily

What do remote work, artificial intelligence advancements, and video conferencing tools all have in common? They’re all significant contributors to the rapid digitization of the modern workplace. Digital transformation has been skyrocketing since the pandemic in 2020, with digitalization increasing by an average of 6 points across the world’s advanced economies the year after.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Knowledge Management: Add Project Management To the Process

HR Bartender

Estimated reading time: 4 minutes Knowledge management is the process of organizing, using, and sharing knowledge within the organization. According to IBM, there are three types of knowledge: tacit, implicit, and explicit. Tacit knowledge is acquired through experience. An example of tacit knowledge could be leadership skills. Explicit knowledge is captured in documents like manuals, reports, data, etc.

More Trending

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Diversity Takes a Backseat as a Microsoft DEI Team Is Laid Off

HR Digest

In the latest updates to the job cuts occurring this year, one of Microsoft’s DEI teams has just been let go. DEI job cuts have grown in number since 2023, and Microsoft is not the first company to make the move, however, the increasing number of cuts is causing employees to become concerned. The decision came to light after the team lead sent out an email to other staff members at the organization, sharing their thoughts on the move.

Media 111
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How dieticians can improve health and lower benefits costs

Employee Benefit News

Do employees have the support they need to prevent health conditions like heart disease and diabetes?

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Get the best results from your benefit budget conversations

WEX Inc.

Many companies are recession-planning and looking for ways to cut costs. But employees remain top of mind for employers, with 55% of businesses saying they will not reduce salaries if there is a recession, and 47% saying they will not reduce benefits. That’s because benefits are critical for attracting and retaining talent. As such, it is critical to make a strong case for employee benefits during the budget conversations with leadership.

Taxes 98
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ADA service animals in the workplace: Navigating accommodations

Business Management Daily

The Americans with Disabilities Act (ADA) is the leading disability rights law in the United States. It offers crucial protections to individuals with disabilities, including those who use service animals. Business owners often understand how to accommodate customers or the public with service animals. However, they might not know how to make similar accommodations in the workplace.

Food 98
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Where You Can and Absolutely Cannot Cut Costs Corners in Benefits Administration

Managing benefits administration is costly, and cutting corners in the wrong places can lead to disengaged workforces and the risk of non-compliance. This eBook from Selerix highlights areas where you can save without compromising the value of benefits. Proactively Thinking: Make decisions for the long run. Discover ways to be proactive in your decision-making to save money in the future, not just temporarily.

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Consider Artificial Intelligence In Developing Your HR Tech Stack

HR Bartender

Estimated reading time: 3 minutes A couple of years ago, I published an article about how an “ organization’s technology strategy needs to include building the perfect tech stack ”. It’s still true today. A quick refresher: a tech stack is a grouping of technology services that are “stacked” together to create the best, most effective, and efficient process possible.

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Highlights of Recent Webinars: Second Quarter Summary

Money Talk

It’s that time again! Every quarter, I like to review and summarize my notes from recent webinars and classes. Below are some interesting tidbits that caught my attention from recent programs: IRMAA Medicare Premium Surcharges - About 8% of older adults pay income-related monthly adjustment amount (IRMAA), a higher premium paid by Medicare recipients with higher incomes.

Finance 170
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Far From Over—NSEU Announces Indefinite Strike at Samsung

HR Digest

NSEU union workers at Samsung are on an indefinite strike in Hwaseong, South Korea, uniting in their demand for better benefits. The National Samsung Electronics Union had attempted a one-day strike last month and then announced a three-day strike earlier this month. Samsung union workers have attempted to initiate negotiations with the company over pay and benefits but the tech giant has been reluctant to come to the table to discuss the conditions laid out by the workers on strike.

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The QSEHRA: Pros and cons

PeopleKeep

A robust benefits package that includes health coverage is an important recruiting tool for every employer. However, soaring medical costs can make offering health benefits challenging for small business owners with limited budgets. Luckily, health reimbursement arrangements (HRAs)— specifically the qualified small employer HRA (QSEHRA)—can help small employers overcome this challenge.

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HR’s Blueprint for a Successful 2025

The HR industry is changing. Did you know… 1. There will be 4M more jobs than workers by 2033 ( BLS ). 2. For 84% of workers, flexibility is a top priority ( FlexJobs ). 3. 75% of employees have used AI at work ( CFO.com ). It’s time to meet the moment! Use Paycor’s guide to design a blueprint for success.

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5 voluntary benefits plan design tips

WEX Inc.

Did you know employers can enhance their benefits offerings by incorporating voluntary benefits? But what exactly are voluntary benefits, and how can employers design an effective plan? We sat down with Hugh McDaniel, manager of channel partnerships at WEX, to get his insights on crafting voluntary benefits plans that meet the diverse needs of employees.

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How To Help Younger Employees Tackle Money Worries

Best Money Moves

How to help younger employees tackle money worries. Younger employees are especially vulnerable to money issues at home. Here are the best ways employers can help. Younger Americans are disproportionately worried about money, compared to their parents’ and grandparents’ generations. According to an American Psychological Association study , over 60% of Gen Z and Millennials say they feel overwhelmed by their financial woes, compared to 13% of Americans 65 and older.

Banking 104
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How to Write a Professional Business Text Message

HR Bartender

Estimated reading time: 4 minutes I recently wrote an article about “ How to Write an Email that Others Will Read ”. It provides great tips and reminders about sending good email messages. After the article was published, it occurred to me that another common form of business communication is text messaging. So, I reached out to my community again and asked them tips for writing a professional text message.

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Financial Planning Tips for Self-Employed Older Adults

Money Talk

Earlier this year, a new Facebook group started in my 55+ community: a group for self-employed residents with small businesses including hair styling, dog-walking and grooming, airport drivers, real estate sales, website design, computer repairs, wood-working and crafts, and more. As a financial education solopreneur who works from home, I was happy join a group of kindred spirits to share information about each other’s products and services.

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4 HR Priorities for 2025 to Supercharge Your Employee Experience

Speaker: Carolyn Clark and Miriam Connaughton

Forget predictions, let’s focus on priorities for the year and explore how to supercharge your employee experience. Join Miriam Connaughton and Carolyn Clark as they discuss key HR trends for 2025—and how to turn them into actionable strategies for your organization. In this dynamic webinar, our esteemed speakers will share expert insights and practical tips to help your employee experience adapt and thrive.

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No Panicking When An Interviewer Says “Tell Me About Yourself”

HR Digest

Interviews traditionally start with one question, “ Tell me about yourself.” It feels simple enough at first glance—you’ve lived your life and know everything that you’ve experienced before. However, when faced with the question in an interview, many of us freeze up with no idea what the best way to respond is. As a multifaceted individual, there are likely many different things you can say about yourself, but you only have a little time available to get the most relevant information out.

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How Millennials and Gen Z are changing health insurance

PeopleKeep

With millions of Baby Boomers retiring every year, Millennials and Generation Z dominate the workforce. There are 49.5 million Millennial workers and 17.3 million Gen Zers in the U.S 1. These younger generations have brought many unique and diverse perspectives to how we live and work, and the healthcare market and employers must keep up to meet their expectations.

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Free lunches, retreats and mentorship: 5 connection strategies that work

Employee Benefit News

Employees share their favorite events and programs that help build culture, community and collaboration across organizations.

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Is autism protected by the ADA? A guide for employers

Business Management Daily

Contrary to popular belief, The Americans with Disabilities Act (ADA) does not contain a list of ‘protected disabilities.’ Instead, it provides an intentionally vague definition of a disability to cover as many debilitating conditions as possible and to keep up with changing circumstances. A perfect example is the increased prevalence of autism spectrum disorder (ASD).

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We’re Here to Help! How to Navigate Your Top HR Priorities

Are you helping your people proactively plan for retirement? How are you prioritizing the mental health of your HR team? These are a few of the questions that HR professionals are seeking answers to today. Luckily, Gallagher’s consultants came together with four robust articles (and one infographic) that help address these pain points and provide you with proactive planning tips to help you simplify, personalize and create flexibility in your benefits offerings to help ensure your people thrive

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An EV plan for the future: creating a small business adoption strategy

WEX Inc.

Welcome to the fifth installment of WEX’s six-part series on navigating the economy and its sometimes perplexing business cycle. In spring 2024, the Federal Reserve reported some surprising developments. In May, 272,000 jobs were added in the U.S. , exceeding economists’ expectations. Then the Fed met in June to assess interest rates. The Board of Governors remained conservative, holding rates steady for another period and maintaining its current target range between 5.25% and 5.50%.

Taxes 93
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Reinventing Retirement: Customizing Your Third Third

Money Talk

People’s lives can grouped into three basic chapters: youth/education, career, and post-career (a.k.a., retirement). In the first chapter, our lives are controlled by parents and teachers and, in the second, people have career and/or family responsibilities. It is not until the third chapter that many people have the ability to decide what they want to do and who they want to be.

Finance 136
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Quick Tips on How to Answer Behavioral Interview Questions Like a Pro

HR Digest

Are you often taken off guard by behavioral interview questions that stray away from your industry expertise to topics that are more introspective? Top behavioral interview questions are designed to peek into your psyche and explore how you perform in a pinch, which is exactly why they are so uncomfortable to answer. Despite the discomfort, there are ways you can master the art of answering situational interview questions accurately every time.

IT 96
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Let Payroll Leaders Conference Prepare You for the Future

PayrollOrg

PayrollOrg’s annual Payroll Leaders Conference (PLC) is back to unveil next-generation training to payroll professionals through four innovative certificate programs and three general sessions. The conference will be hosted at the Rosen Plaza Hotel in Orlando, Florida, September 23-25.

Payroll 118
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4-Week Roadmap for New Hires

Nearly one-quarter of employees (23%) admit they’ve cried within the first week! Give new hires a positive start with this four-week onboarding roadmap. This schedule outlines all the turns, detours, and speedbumps new hires can expect in their first month. We’ve included suggestions for each week to help you make your new employees’ highway to success an easy road.