September, 2023

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Risk Scores Impact Employee Benefit Costs

AssuredPartners

Over the past several years, we’ve seen unprecedented medical inflation, causing many employers to ask how to control benefit costs and increase productivity. After exhausting the supply side of healthcare through decreased benefits, spousal carve-outs, etc., employers seem to be running out of options. One current strategy is to look at the demand side of healthcare – lowering employer and employee risks using wellness programs and improved population management.

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Top 10 Enterprise Payroll Software in 2023

HR Lineup

Payroll management is critical for businesses of all sizes, but it becomes especially complex for enterprises with a large workforce. In 2023, enterprise payroll software has evolved to offer advanced features that streamline the payroll process, ensure compliance with tax regulations, and enhance employee self-service options. To help you choose the right solution for your organization, we’ve compiled a list of the top 10 enterprise payroll software options for 2023. 1.

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12 types of employee stipends and examples of each

PeopleKeep

Offering robust employee benefits can greatly help companies that are looking to attract and retain top talent. In addition to offering traditional benefits like health insurance or retirement contributions, more employers are offering stipends to employees. These are additional funds an employer provides to cover specific employee expenses on a one-time basis or on a regular cadence.

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Two in five older staff are unaware of their total retirement savings

Employee Benefits

Two-fifths of older employees are unaware of how much they have saved for retirement, according to research by workplace savings and pensions fintech Cushon. Its survey of more than 2,000 employees enrolled into a workplace pension found that older employees have less clarity over the value of their retirement pension pots , as 41% of those aged 55 and above are not sure how much they have saved, compared to almost three in 10 (28%) of all UK staff.

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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!

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Artificial Intelligence and the Candidate Experience – hr bartender

HR Bartender

Estimated reading time: 3 minutes I’ve talked to a few recruiters recently who are very concerned about artificial intelligence (AI) replacing them. It reminded me that several years ago, I asked a few people in the technology and talent acquisition space this very question about technology replacing recruiters. I believe their comments are still spot on today.

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A 100-Year Old Journey of Human Resource Management

HR Digest

If you think the challenges faced by Human Resource Management (HRM) today are unprecedented, think again. HR professionals have been at the forefront of change for over a century, constantly adapting to the shifting landscape of the workplace. From labor unrest to economic crises, wars to civil rights movements, HRM has weathered it all. Join us on a journey through time as we explore the fascinating evolution of the HR department and its functions.

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District Court Replaces Plan Trustees With Independent Fiduciary

Proskauer's Employee Benefits & Executive Compensa

In Su v. Fensler , No. 22-cv-01030, 2023 WL 5152640 (N.D. Ill. Aug. 10, 2023), the court granted the Department of Labor’s motion for a preliminary injunction to replace with an independent fiduciary the trustees of the United Employee Benefit Fund, who are accused of breaching their fiduciary duties by using Fund assets to engage in prohibited transactions.

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Hard Skills? Definition & Examples for Your Resume

BetterUp

Jump to section The definition of hard skills 5 valuable types of hard skills Best hard skills to put on a resume for in-demand jobs Hard skills are an easy sell

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Why suicide awareness should be a workplace priority

Employee Benefits

More than 6,000 people in the UK take their life every year. Three-quarters of those suicides are men. Suicide is the biggest killer of young adults under the age of 35 and of men aged between 50 and 54. And while there is a link between unemployment and suicide, the reality is that most people who die by suicide are in employment. So why does suicide remain one of the biggest workplace taboos ?

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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.

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Bookmark This! Workplace Ethics Edition – The HR Bartender Show

HR Bartender

Estimated reading time: 3 minutes In our second season of The HR Bartender Show, we focused on change management. We are constantly being faced with change. Some big, others small. Some impact our professional lives, and others on a personal level. It’s important that we know how to manage change. That’s why I think it’s so applicable to focus season three on workplace ethics.

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Not many people want fully remote work, but nearly everybody wants a better office

Workplace Insight

Just 7 percent of UK office workers back fully remote work, but eight in ten would like to see significant improvements to their company’s office and more support for flexible working, according to the Sony State of Offices Report 2023 [registration]. The report from Sony Professional Displays and Solutions Europe suggests that over two fifths (41 percent) of UK office workers still prefer to work from a dedicated company office, and across Europe this trend is even more pronounced with ov

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“Per My Last Email”: 83% Of Employees Receive Passive-Aggressive Messages 

Wellable

Passive-aggressive emails from co-workers affect 83% of American workers. Explore this phenomenon and discover how to address it head-on. The post “Per My Last Email”: 83% Of Employees Receive Passive-Aggressive Messages appeared first on Wellable.

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Ninth Circuit: Changes to a Services Agreement Require Consideration of Indirect Compensation

Proskauer's Employee Benefits & Executive Compensa

A recent Ninth Circuit decision has generated considerable controversy amongst employee benefits practitioners by holding that plan fiduciaries engaged in prohibited transactions when they amended the plan’s existing recordkeeping contract to add brokerage and investment advisory services. In so ruling, the Court remanded the case to the district court to consider whether the transactions fell within the exemption for reasonable service agreements and, independently, whether it was imprudent for

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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.

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What Is Resume Screening and Why Should Your Company Invest in It?

HR Digest

As the initiation step of the hiring process, resume screening refers to the process of scanning an applicant’s resume for key traits that match a job description or candidate profile that has been set for a position. Forbes credits Leonardo DaVinci for having created the first instance of a resume in his letter of appeal to the Duke of Milan, but we have come a long way since then, in curating the content of a resume as well as defining what resume screening is.

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77% of employers say competition for talent is key issue influencing benefits

Employee Benefits

Competition for talent was cited by three-quarters (77%) of employers as a key issue influencing their benefits strategy , according to research by global advisory, broking and solutions firm Willis Towers Watson (WTW). Its Benefits trends survey , which surveyed 339 UK organisations across a range of industries about their benefit strategies, also found that despite 45% of UK employees favouring workplace benefits that support long-term finances and retirement, more than half of employer respo

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Workplace Ethics [Episode 5] Jacob Ficner on Managing Ethical Risk with Technology

HR Bartender

Estimated reading time: 3 minutes Organizations want to operate in an ethical manner. They also want to be effective and efficient. There’s no reason that organizations have to compromise on doing it all. It starts with building a good foundation of ethics. But then organizations need to think about how to maintain ethics, no different that regularly examining data and information to ensure effectiveness and efficiency.

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Workers increasingly concerned that AI will come for their job in the very near future

Workplace Insight

Two thirds of IT workers and nearly half of office workers think that generative AI may come for their jobs within five years, according to a new report from Ivanti. The poll of nearly 8,000 respondents worldwide also suggests that 57 percent of people report ‘serious friction’ with workplace technology at least weekly and 61 percent say negative experiences with work tech affects their morale.

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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.

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The Power Of Health Coaching At Work

Wellable

Health coaching: A solution for rising healthcare costs, a workforce well-being booster, and an organizational savings driver. The post The Power Of Health Coaching At Work appeared first on Wellable.

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Tenth Circuit Adopts “Meaningful Benchmark” Pleading Standard in Dismissing Challenges to 401(k) Plan Fees

Proskauer's Employee Benefits & Executive Compensa

In a case of first impression in the Tenth Circuit, the Court recently joined the chorus of circuit courts in holding that a 401(k) plan participant alleging excessive investment management or recordkeeping fees must assert a “meaningful benchmark” in order to survive a motion to dismiss. In addition to rejecting commonly pleaded “benchmarks” because they were not meaningful, the Court’s ruling is of particular significance because, unlike some other courts, it dismissed the participants’ “shar

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Limiting short-term health plans will limit patient and broker choice

Employee Benefit News

As many as 80% of short-term health plan enrollees say that affordable premiums are more important to them than comprehensive health benefits.

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How to address a toxic workplace culture

Employee Benefits

Need to know: Toxic workplace cultures exist in many UK oganisations, with leaders and managers often to blame. Creating a culture where employees can raise concerns is essential to overcoming such environments. Organisations need to think about how they react where examples of toxic behaviour do occur. Allegations of toxicity and harassment at the broadcaster ITV, and of those who raised concerns facing bullying and discrimination, show just how damaging a toxic culture can be, both for those w

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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.

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August Jobs Report 2023

HR Digest

The release of the August jobs report 2023 by the Labor Department has provided valuable insights into the state of the job market in the United States. Despite the addition of 187,000 jobs, there are signs indicating a gradual cooling of the labor market. This article aims to delve deep into the key findings of the report, analyze the implications of the unexpected rise in the unemployment rate, and offer a comprehensive analysis of the job market in 2023. 1.

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Most workers are worried about poor indoor air quality

Workplace Insight

Most workers are concerned about poor indoor air quality and close to half think its damaging their health, according to a new survey conducted by Opinium for Spiralite. According to the poll, British workers are mostly concerned about the impact of air-quality on their health (64 percent concerned compared to 36 percent not concerned). One fifth (20 percent) are very concerned, rising to 38 percent of people living in London.

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Self-Funded Vs. Fully Insured Health Plans: An Employee Wellness Perspective

Wellable

Explore self-funded vs. fully insured plans and how tailored wellness strategies boost health outcomes and save costs. The post Self-Funded Vs. Fully Insured Health Plans: An Employee Wellness Perspective appeared first on Wellable.

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Unveiling Darwinbox Engage: Listen, Decode, Act | Employee Listening Solution

Darwinbox

We are excited to announce the launch of Darwinbox Engage, our state-of-the-art employee listening solution. Darwinbox Engage helps you cut through the noise, truly listen to your employees, and act on the insights so you can nurture a more engaged and productive workforce.

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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.