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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2024 Payroll Calendar Templates

These calendars provide pay period dates and paydays for biweekly, semi-monthly, and monthly payroll in 2024. Use them as a reminder or share with employees so they can celebrate payday.

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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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Longevity, Longevity Literacy, and Living Well in Later Life

Money Talk

Several months ago, in the space of one day, I attended a webinar about longevity by a financial planner, read a research report about “longevity literacy,” and attended a health education class for older adults. At the end of the day, I realized that all three of these events were interrelated. Below are nine of my key take-aways from information that was provided about living well in later life and not running out of money during your lifetime: Medical Advances - Many of the leading causes of

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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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The 4 Key Elements of An Effective Recruiting Strategy

HR Bartender

Estimated reading time: 3 minutes When we’re creating our recruiting strategy, we have to decide how we will bring people into the organization. I’m not talking about sourcing. I’m talking about when there’s an open job, we have to decide if we will fill it from within, hire someone from the outside, or maybe even outsource the work to a consultant.

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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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5 Trends to Help Your Organization Boost Job Satisfaction and Productivity

Treating your workforce as the organization’s top priority improves customer satisfaction and revenue growth and can boost job satisfaction and productivity. Read about five trends that are helping organizations around the country improve their people’s career well-being.

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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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How to improve employee engagement: 10 actionable strategies

Achievers

Employee engagement continues to be paramount. As organizations continue to adapt to the new normal, they’re finding that one thing remains the same: exceptional talent leads to exceptional results. But attracting and keeping that talent is far from simple, as each employee brings unique aspirations and goals to the workplace. What motivates one team member may fall flat with another.

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Ten Benefits of Self-Employment in Later Life

Money Talk

Almost half of all U.S. workers age 65-69 are self-employed as are over two-thirds (68%) of those age 75-79. For almost four years, I have been a full-time financial education entrepreneur. For 27 years prior, Money Talk was a “side hustle.” For this post, I decided to reflect upon ten benefits of self-employment in later life that I (and other older entrepreneurs) have experienced: Additional Income - A successful business provides additional cash beyond Social Security and other expected sourc

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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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Fertility Benefits for Every Age: A HR Roadmap from Gen Z to Baby Boomers

Speaker: Lauri Armstrong, SHRM-SCP - Sr. Director, People Operations at Carrot Fertility

Today’s workforce includes multiple generations of employees all looking for something different from their benefits package. While meeting these disparate needs can be challenging, a comprehensive fertility benefit can support everyone from junior staffers learning about their fertility health to senior leadership managing menopause and low testosterone symptoms.

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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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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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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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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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Combatting the Effects of Inflation: Keeping Benefits Competitive While Cutting Cost

Speaker: Jaye Johnson, CBP - Employee Benefits and Total Rewards Leader, World at Work Content Author, and Speaker

After years of facing the global pandemic, we are now struggling with a new problem: inflation. No one could have predicted the impact of inflation on employee benefits and how it affects both employees and employers. Employers are now trying to maintain or lower the cost of benefits while competing for talent in a competitive and tight labor market, but the rising costs of consumer goods and healthcare make it extremely difficult to consider increasing their benefit offerings.

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Practical Inflation-Fighting Strategies

Money Talk

Earlier this year, I taught a class and a webinar about inflation where I presented dozens of ways to mitigate the effects of rising prices through reduced spending. Inflation is down significantly from 2022 but still remains elevated. Below is a list of inflation-fighting strategies to consider listed by household expense category: Groceries Make substitutions (e.g., applesauce for eggs in baking), buy store vs. national brands, eat more meatless meals, stock up on sale items, consider shopping

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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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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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Cawleys uses voluntary benefits to motivate and support employees

Employee Benefits

Independent waste management business Cawleys has invested in a variety of voluntary benefits to create a working environment that inspires, motivates and supports its employees. The organisation, which employs more than 220 staff, believes its success begins and ends with its people, which is why it has introduced voluntary initiatives to help improve their wellbeing and work-life balance.

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Being Mindful of Menopause To Create a Truly Inclusive Benefits Strategy

Speaker: Andrea Wuchiski - Senior Account Executive, Mid-Market Sales

Although menopause is a significant phase of life that affects about 20% of the workforce at any given time, it is seldom given any attention by employers. Employees' physical and mental health can suffer as a result of the symptoms, thus reducing productivity. According to a recent survey, only 8% of respondents felt their employer provided them with meaningful support, which may explain why 70% of respondents considered changing jobs to better manage symptoms.

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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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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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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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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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DOL Final Overtime Rules: Quickstart Guide for Employers

On August 30, 2023, the DOL unveiled a proposed overtime rule that would raise the weekly salary threshold under the Federal Labor Standards Act. Paycor is closely monitoring the proposal and will provide updates as new information becomes available.