October, 2023

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How can voluntary benefits support employees in uncertain times?

Employee Benefits

Credit: Emerge / Shutterstock (1079190161) Employers should have an understanding of the issues their employees face in order to produce targeted and appreciated voluntary benefits strategies. To combat the cost-of-living crisis , employees can use spend and save platforms to save money on a day-to-day expenditures and weekly grocery shopping. Employees react better to communications that they consider relevant to their personal circumstances, so employers should used targeted guidance and suppo

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Social Security Wage Base Increases to $168,600 for 2024

PayrollOrg

On October 12, the Social Security Administration announced that the 2024 social security wage base will be $168,600, which is an increase of $8,400 from $160,200 in 2023.

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People who work full time from an office now outnumber hybrid workers

Workplace Insight

British workers who come into the office every day to work now outnumber those who spend part of the week working from home, for the first time since the end of pandemic restrictions, according to a new survey from recruitment firm Hays. Of nearly 15,000 white-collar staff and employers who took part in the poll last month, around 43 per cent said they were now working entirely from the office, up from 36 per cent a year earlier.

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83% of employers have seen a rise in wellbeing benefit requests

Employee Benefits

More than eight in 10 (83%) UK employers have reported a rise in employees requesting more wellbeing benefits in the workplace, according to new research from Zest. The employee benefits technology firm’s study, released to mark World Mental Health Day (10 October), found that 19% of respondents currently offer employees a wellbeing allowance as part of their benefits package.

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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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How You Can Apply Flexible Benefits with Insurtech

Pacific Prime

Flexible benefits is a growing trend in the insurance industry. But with everyone having their own unique concerns and needs, implementing flexible benefits can be hard. With the help of insurtech, you can implement and manage individual benefits with ease! In this Pacific Prime article, we look at the benefits of implementing flexible benefits at. The post How You Can Apply Flexible Benefits with Insurtech appeared first on Pacific Prime's Blog.

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Grind Culture Isn’t Working. How Can Wellness Win?

TalentCulture - Employee Benefits

The Problem With Grind Culture In recent years, “hustle” and “grind” culture have become equated with drive, ambition, and success. The logic is that if you are not incessantly working, you won’t meet your goals. Grind culture also ties a person’s worth to the product they produce. However, it comes at the expense of individual […] The post Grind Culture Isn’t Working.

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Employers Must Use New Form I-9 by November 1

PayrollOrg

Starting November 1, employers must use the version of Form I-9, Employment Eligibility Verification, with an edition date of 8-1-23.

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Bold Founder Caleb Parker to launch space-as-a-service Brave Corporation

Workplace Insight

Caleb Parker, the high profile Founder of Bold has announced the launch of Brave Corporation, a “next generation” real estate company that aims to “bridge the gap between office supply and demand to mitigate the rise of stranded assets amongst the world’s largest asset class” Brave Corporation will work with investors to “reposition buildings to meet ESG standards and dynamic customer demand” before they risk becoming “stranded” The company says it

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87% of employers have heard wellbeing concerns from staff

Employee Benefits

The majority (87%) of organisations have been approached by an employee in the past 12 months to discuss concerns relating to their wellbeing, according to new research from Mintago. The fintech startup surveyed 503 senior managers within UK-based organisations in both the public and private sector, and found that mental health (48%), job satisfaction (43%) and financial wellbeing (40%) were the most prevalent concerns that employees spoke to their managers about.

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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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Align the Scales Correctly for a Better Work-Life Balance

HR Digest

Mental health professionals constantly warn us against turning into workaholics but despite our best efforts, responsibilities take over and push us away from finding a healthy work-life balance. Most of us spend more of our lives wondering how to balance work and life than seeing any success in it, and over time, this affects both our productivity and our overall health.

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Special DOL Proxy Voting Rules Set to Take Effect on December 1, 2023 – Potential Action Items for ERISA Plan Fiduciaries

Proskauer's Employee Benefits & Executive Compensa

In late 2022, the U.S. Department of Labor (the “DOL”) issued final regulations (the “Final Rules”) which address the extent to which ERISA plan fiduciaries may consider environmental, social and governance (“ESG”) factors when making investment decisions and exercising shareholder rights, such as voting proxies, on behalf of ERISA-covered plans. For a detailed discussion of the Final Rules, see here.

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Six Steps to Addressing Mental Health in the Workplace

International Foundation of Employee Benefit Plans

I’d like to think I’m working toward breaking down the stigma of mental health. I have family members, friends and colleagues who struggle with various challenges, and I have had bouts of anxiety and depression throughout my life. Yet, when someone is […] The post Six Steps to Addressing Mental Health in the Workplace appeared first on Word on Benefits.

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California Expands Paid Sick Leave in 2024

PayrollOrg

Effective January 1, 2024, employees in California will be entitled to additional paid sick leave.

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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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Are the days of landmark corporate headquarters over?

Workplace Insight

There’s something in the idea that the creation of a bespoke, landmark corporate headquarters is a sign that something has gone wrong – or is about to – for the firm behind it. I’d first developed or come across this idea when visiting British Airway’s Waterside building in the late 1990s. At the time it was arguably the most talked about office building in the world, lauded for its inbuilt urban landscape, mix of settings and humane, biophilic design features.

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59% of British workers feel unhappy with their benefits packages

Employee Benefits

Almost six in 10 (59%) British workers feel unhappy, dissatisfied, highly dissatisfied or neutral with their benefits packages , according to new research. Conducted by global talent services firm Morgan McKinley as part of its 2024 Salary guide , the survey found that the top five desired benefits respondents look for in a job are working from home, bonus, pension, health insurance and flexible working hours.

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10 Disability-Supported Job Boards That Can Make Your Search Easier

HR Digest

The CDC states that 27 percent of US adults have some type of disability , however, the jobs supporting disability are often few and far between. Often disabilities greatly limit an individual’s life and independence and force them to be reliant on those around them. Yet this is not always the case, with many disabled employees actively looking for disability-friendly jobs that will allow them the sense of independence to utilize their skills to build a life for themselves.

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How to Introduce Yourself in an Interview

BetterUp

Learning how to introduce yourself in an interview is about balancing personality and professionalism. Here are six tips for a winning introduction.

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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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How Can Employers Better Support Working Parents?

TalentCulture - Employee Benefits

Currently, about 40% of people in the U.S. workforce are parents whose kids are under 18 years old. With soaring childcare costs and limited government assistance, many organizations know it’s important to support working parents more fully. However, no standards have been established that define the kind of benefits these employees should receive.

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10 skills recruiters look for when hiring remote candidates

Employee Benefit News

From decisiveness to a sense of humor, FlexJobs' ranking covers a range of expectations employers will have this recruiting season.

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Hybrid working: the importance of having the right strategy

Workplace Insight

Hybrid working changes everything it seems. To make it work successfully we need changes in the way people need to be managed, trained and inducted. It changes the needs for communication and social connectivity, goal setting and connection to vision. It requires greater clarity on what is acceptable and what isn’t. Employees must take on new grown-up obligations and organisations are required to ‘trust’ and employees to be ‘trustworthy’.

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How can employers support employees with dementia?

Employee Benefits

Employers are legally required to make reasonable workplace adjustments where possible for employees impacted by dementia to the point that it satisfies the disability definition. Openly discussing dementia will enable employees to feel more able to disclose diagnoses or issues without fear of repercussions. Employers should offer training for managers and staff on how to support someone with dementia in the workplace.

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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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How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

In December 2022, the U.S. government passed a significant piece of legislation: the SECURE 2.0 Act. The SECURE 2.0 Act put in place mandatory and optional provisions to help U.S. workers better prepare financially for retirement, at every stage of their employment journey. This new law comes at a critical time for Americans: Many older U.S. workers who have not been able to save enough money to retire have delayed their transition into this next stage of life because of current economic conditi

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The top technical and soft skills that look good on a resume

Business Management Daily

What does the skills section of your resume look like? Is it a concise, ever-changing list of skills directly correlating to each job you’re applying to? Or is it an unorganized mishmash of various job skills? If it looks like the latter instead of the former, don’t worry. By the end of this article, you’ll know how to develop a stellar skills section that’s impressive, succinct, and contains crucial keywords that align with the employer’s applicant tracking systems (ATS).

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Say Yes to HR Generalists—They Keep Companies Afloat

HR Digest

Human resources cover a vast assortment of responsibilities, and while sometimes you need an expert, other times you need someone who can do it all—that’s where an HR generalist comes in. According to Zippia , the technology industry is the highest-paying employer for HR generalists , but their services are an essential component of every company and field.

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Marijuana as a Schedule III drug? What the new classification means for insurance companies

Employee Benefit News

William Van Faasen, former chairman and CEO of Blue Cross Blue Shield Massachusetts, encourages carriers to prepare to add marijuana to their formularies.

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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.