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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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.