August, 2024

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What U.S. benefits pros can learn from their European counterparts

Employee Benefit News

Key initiatives that are making their mark across the pond include flexible national holiday and work-from-anywhere policies, shared meals, a social club and volunteer work.

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A Complete Guide on Salary Benchmarking

HR Lineup

Salary benchmarking, also known as compensation benchmarking, is a crucial process for businesses that aim to maintain a competitive edge in attracting and retaining talent. It involves comparing internal job salaries against external market data to ensure that a company’s compensation structure is both fair and competitive. This guide will take you through everything you need to know about salary benchmarking, including its importance, how to conduct it, and how to use the results effectively.

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81% of staff notice feelings of burnout when they cannot take time off work

Employee Benefits

A majority (81%) of UK employees revealed that they notice increasing feelings of burnout, exhaustion, or poor mental health when they cannot take time off work, according to new research by Breathe. The HR platform for small to medium-sized businesses surveyed 1,000 UK working adults aged 18-65 and found that 25-34 year olds are the most likely age group to be suffering the effects of burnout.

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From buzzwords to benefits: The real impact of employee mentoring

Insperity

Employee mentoring programs aren’t just buzzwords to add to job descriptions and career pages. Creating a method that supports chemistry and lasting productivity through an effective mentorship program has a place in your strategic planning. We’ve spent the last few years re-learning what employees need and want. The Great Resignation has shown us that individuals are more than willing to make big career changes if it means moving somewhere they feel they’ll: Be more valued Have more flexi

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The HR Leader’s Workforce Management Guide

In today’s fast-paced business world, effective workforce management (WFM) isn’t just an option—it’s a necessity.

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5 Payroll Features and Benefits to Consider When Shopping for Software 

Patriot Software

When you have employees, you need to pay them. Instead of manually calculating gross pay, payroll taxes and deductions, and net pay, you might opt for payroll software. With the right software, you can run payroll in minutes—not hours—each pay period.

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Three Personal Finance Book Anniversaries: Lessons Learned

Money Talk

I’ve solely authored three personal finance trade books so far during my life and 2024 is a milestone year. 2024 is the anniversary of Saving On A Shoestring (my first book published 30 years ago in 1994) and Investing On A Shoestring (published 25 years ago in 1999). In addition, four years ago on August 3, 2020, my latest book, Flipping A Switch : Your Guide to Happiness and Financial Security in Later Life , was published.

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Talk With Your Internal and External Partners About Their Artificial Intelligence

HR Bartender

Estimated reading time: 4 minutes Artificial intelligence (AI) is a regular topic of conversation in today’s business environment. One in four employers are using AI to support HR related activities , according to an article on the Society for Human Resource Management website. And that number is sure to increase over time. We’ve been talking about artificial intelligence on HR Bartender and some of the things we can do to learn more about the use of AI.

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Upskilling: The key to higher productivity & employee retention

Business Management Daily

The global workforce faces a massive skills gap, and many organizations need help finding qualified talent. Research from McKinsey & Company found that 87% of companies worldwide are either aware of a skills gap or will have one within a few years. The solution? Upskilling , and a lot of it. Springboard for Business’s The State of the Workforce Skills Gap 2024 polled 1,000 corporate professionals (in leadership roles) and asked them how they planned on addressing the current skills gap withi

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Financial Resiliency: The Skill You Didn’t Know Your Team Needed

Best Money Moves

Financial resiliency: The skill you didn’t know your team needed. Learn why fostering financial resiliency may be key to a more productive, confident workforce. Everyone encounters rough financial patches at some point — the key is how easily you adapt to situations that threaten your well-being. This concept is at the core of financial resiliency, the key skill you could be missing in your workforce.

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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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Top Employee Morale Survey Questions for a Happy Team

Vantage Circle

Human resources managers increasingly view employee engagement as a key performance indicator. However, measuring engagement is complex due to its many contributing factors. A vital component of engagement is employee morale or enthusiasm, which can be improved through various strategies, especially by prioritizing worker well-being. According to a Gallup poll , companies with high employee engagement experience 21% higher profitability and 41% lower absenteeism.

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Nevada Regulations Clarify EWA Requirements

PayrollOrg

Effective July 1, 2024, the Nevada Department of Business and Industry, Financial Institutions Division, issued final regulations to further clarify requirements in the state’s earned wage access (EWA) law.

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Take-Aways from #AFCPE2023- Part II

Money Talk

As I noted last week , I slowly made my way since last December through over a dozen video recordings of presentations made at the 2023 Association for Financial Counseling and Planning Education (AFCPE) Symposium. Below is another very eclectic summary of key take-aways from recorded presentations on topics of personal interest: Debt Repayment Acceleration - The best way to pay off debt quickly is a “rollover method” where extra payments on debt get shifted from one creditor to another as debts

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Dementia UK receives menopause-friendly accreditation

Employee Benefits

Specialist dementia nursing charity Dementia UK has received menopause-friendly accreditation due to its commitment to support its employees experiencing perimenopause and the menopause. The menopause-friendly accreditation was established by Henpicked: Menopause in the Workplace. It recognises proven practices that embrace menopause in the workplace by setting clear standards which must be met.

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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.

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Conquering the challenges of becoming a new manager

Business Management Daily

Transitioning successfully from an individual contributor to a people-manager role is no easy feat. After all, what made you successful as an individual contributor can potentially hold you back in terms of your leadership success. Why? One simple word: Control. When you were an individual contributor, you controlled everything on your desk or work area.

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Mental health leaves of absence are surging in 2024

Employee Benefit News

According to ComPsych, one in ten of all leaves of absence are due to poor mental health and burnout.

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The Importance of Inclusion in the workplace

Achievers

Inclusion in the workplace should be a top priority for organizations striving to cultivate an engaging company culture and foster a strong sense of belonging among employees. According to Gallup’s 2023 State of the Global Workplace , inclusive work environments can boost employee productivity, performance, and engagement. In fact, organizations that make the effort to foster an inclusive company culture experience a 56% increase in performance, as well as a 37% decrease in absenteeism.

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Round Two—Paramount Job Cuts to Affect 15% of the Workforce

HR Digest

After a lean second quarter earning report, Paramount is moving forward with job cuts to try and restabilize the company. The Paramount layoffs will affect 15% of the workforce which is estimated to impact at least 2,000 people. Along with a reduction of the US workforce, Paramount is planning to s**t down the Paramount Television Studio. The company aims to reduce its annual costs by $500 million USD before its upcoming merger with Skydance Media.

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How to Make The Best Benefits Decisions for 2025's Workforce: An HR and Total Rewards Guide

Speaker: Kaitlin Ruby Carroll

Retaining top talent in 2025 means rethinking benefits. In a competitive job market, fertility benefits are more than just offerings - they are a commitment to your team’s well-being. Gain critical insights into the latest fertility benefits strategies that can help position your organization as an industry leader. Our expert will explore the unique advantages and challenges of each model, share success stories from top organizations, and offer practical strategies to make benefits decisions tha

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Things to Learn From a Tax Return

Money Talk

With less than five months remaining in 2024, now is the time to begin serious tax planning for your 2024 income tax return. I recently attended a webinar with some tips for financial advisors about reviewing clients’ tax returns. The advice also applies to taxpayers themselves. Below are my take-aways from this presentation: Review a Draft Return- It is wise to review a draft of your annual tax return before it is submitted.

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Support your employees’ fertility benefit needs with an HSA or FSA

WEX Inc.

Roughly 1 in 6 adults worldwide are affected by infertility. Reasons can vary, which is why wide-ranging fertility benefits can also improve the lives of any adult wanting to start a family. And did you know that a variety of fertility and infertility treatments are eligible for health savings account (HSA) and medical flexible spending account (FSA) funds?

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Golden handcuffs: Should employers use them on top talent?

Business Management Daily

Picture this. You just landed a high-paying job at a major company due to your talent, work ethic, and in-demand skill set. Your employers are highly impressed with your capabilities and don’t want to lose you to a competitor. To ensure you don’t leave, they slap a pair of golden handcuffs on your wrists – metaphorically, of course. In actuality, they offer you deferred financial incentives such as employee stock options, large bonuses, and attractive compensation packages.

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A new partnership brings financial wellness access to 7 million employees

Employee Benefit News

Employers who use isolved's employee management system will now have the option to offer their workers access to FinFit's financial platform.

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The Diversity Reckoning: Can HR Survive Without New Perspectives?

Speaker: Jeremy York

2024 has tested every organization, and 2025 promises no less - the warning signs are everywhere. If you’re relying on superficial approaches to diversity, you might find yourself scrambling to catch up. Thought diversity - the fuel for new ideas, fresh perspectives, and disruptive innovation - is more than a buzzword. It's a survival strategy. And if you’re not building it into your workplace culture right now , you’re heading for trouble.

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A brief history of the working week

Workplace Insight

There’s a lot to be said for not being slaves to the clock and the screen. Ironically, the way we measure time has its roots in a famous instance of daydreaming. The story goes that in 1583 a young student at the University of Pisa called Galileo Galilei was daydreaming in the pews while his fellow students were dutifully reciting their prayers. He noticed that one of the altar lamps was swaying back and forth and even as its energy dissipated, the arc of each swing slowed so that each took the

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Fred Meyer Employees Strike Against Unfair Labor Practices

HR Digest

Thousands of Fred Meyer employees are on strike, protesting against unfair labor practices at the grocery chain. The union workers at Fred Meyer expect the strike to last through Labor Day until September 3, 2024. The strike began following FTC hearings in relation to a merger between Albertsons and Kroger , Fred Meyer’s parent company, but the issues between the union and the employer were ramping up even before the details of the merger planted disharmony between them.

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Take-Aways from #AFCPE2023- Part I

Money Talk

One of the great features of the annual Association for Financial Counseling and Planning Education (AFCPE) Symposium is that AFCPE now makes video recordings of all of the breakout sessions and makes them available to attendees for a year. Gone are the days when you need to choose one session from among three topics of interest and miss the other two.

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Recognition is the Secret Weapon to Building a Thriving Workplace

Vantage Circle

What is the hallmark of a truly successful workplace? In today’s day and age, it’s a feeling that connects an individual in a unique yet powerful way to their organization. It’s a feeling of belonging and purpose. A feeling of being valued for the unique contributions one brings to the table. It's the result of belonging to a living, kicking entity and not merely lifeless, corporate machinery.

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Testing Innovations in Cancer: How to evaluate and use new technologies

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.