May, 2024

article thumbnail

These 3 benefits are wanted by all generations in the workforce

Employee Benefit News

Data from Forbes Advisor shows that while nuances exist, some core offerings appeal to every age group.

article thumbnail

Retirement Research Results and Recommendations

Money Talk

I recently reviewed notes that I took at recent presentations about retirement. Below are seven recommendations that stood out to me and might be helpful to Money Talk blog readers: Define Your New Self - People may retire after decades of work, but they do not retire from life. To prepare for this transition, make a point to define yourself by who you are rather than what you do.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Great Resignation has given way to The Big Stay, says the CIPD

Workplace Insight

The luxury belief that was the so-called Great Resignation, appears to be over, even if you assume it ever existed. Workers are increasingly staying put in their current jobs and more employers are holding steady on staffing levels as the labour market slows, according to the CIPD’s latest Labour Market Outlook report. The survey shows more than half (55 percent) of employers are looking to maintain their current staff level – the highest level since winter 2016/17.

article thumbnail

E-Verify: What Organizations Need to Know Today

HR Bartender

Estimated reading time: 5 minutes (Editor’s Note: Today’s article is brought to you by our friends at Poster Guard® Poster Compliance Service from HRdirect , the leading labor law poster service that gets your business up to date with all required federal, state, and local labor law postings, and then keeps it that way — for an entire year. Enjoy the article!

article thumbnail

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!

article thumbnail

75% used workplace schemes to access healthcare services through insurance

Employee Benefits

Of the 1.8 million employees who accessed healthcare services through health or protection insurance in 2022, 1.3 million (75%) relied on workplace-provided schemes to do so, according to research by the Association of British Insurers (ABI). Its Growing demand – increased use of health and protection services in 2022 report also found that almost 600,000 (87%) of the 700,000 people included in the research who used virtual GPs in 2022 did so through their employer’s scheme.

More Trending

article thumbnail

Nike Layoffs Announcement to Affect 740 Employees by June 28

HR Digest

The Nike layoffs announcements from back in February will soon finish taking shape in June, as 740 employees from their World Headquarters in Oregon will be asked to leave. The company had announced a 2 percent reduction of the workforce, targeting a reduction of at least 1,600 employees over time. Nike’s layoffs within its workforce are part of a much larger cost-cutting strategy after their last annual report in December did not see profitable results to the degree the company had expected.

Retail 139
article thumbnail

Basics of Advance Directives

Money Talk

Advance directives are written instructions for actions to be taken in the future in case people become incapable of making decisions. They designate specific people (typically referred to as “agents” or “proxies”) to step in for the creator of an advance directive to make decisions that the creator wishes and to take the burden of decision-making off family members or other caregivers.

article thumbnail

A Comparative Review of the Top 10 Applicant Tracking System for Small Businesses

Vantage Circle

Introduction In the competitive world of small business, finding the right talent quickly and efficiently is crucial. An Applicant Tracking System (ATS) can be a game-changer, simplifying and enhancing recruitment. However, with many options available, choosing the right ATS can be overwhelming. This blog provides a comparative overview of the top 10 ATS software for small businesses, helping you make an informed decision.

Software 111
article thumbnail

2025 HSA contribution limits increase to $4,300, $8,550

WEX Inc.

Key takeaways – 2025 HSA contribution limits 2025 HSA contribution limits will increase to $4,300 and $8,550 for self-only and family HSAs, respectively. 2025 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. Health savings account (HSA) contribution limits are on the rise again in 2025. The IRS announced that 2025 HSA contribution limits will increase to $4,300 for self-only HSAs and to $8,550 for family HSAs.

article thumbnail

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.

article thumbnail

How can employers effectively deliver financial wellbeing support to a dispersed workforce?

Employee Benefits

Need to know: Financial wellbeing support must be accessible to all employees on demand regardless of their working location. Finding out what is needed can help shape support to a dispersed workforce. Support and communications that are useful to the majority of employees can avoid exclusion. In its State of financial wellbeing index 2024 report, published in May 2024, Wagestream found that half (54%) of the employees surveyed said financial concerns have caused their mental health to decline.

article thumbnail

Electric arc furnaces could turn old concrete into zero-carbon cement

Workplace Insight

Concrete and steel production are major contributors to global CO2 emissions, but a new technology from Cambridge University offers a promising solution: recycling both materials simultaneously. This innovative process involves using old concrete in steel-processing furnaces to not only purify iron but also generate “reactivated cement” as a by-product.

article thumbnail

The Art of Conducting a Comprehensive Training Needs Analysis

HR Digest

In this comprehensive guide, we will delve into the intricacies of what training needs analysis is, and explore its various components, best practices, and the step-by-step approach to implementing it effectively. Whether you’re a seasoned HR professional or a business leader seeking to optimize your training programs, this article will provide you with the insights and strategies necessary to elevate your organization’s learning and development initiatives as you learn how to conduc

article thumbnail

Wake-Up Call: The Impact of Sleep Deprivation

International Foundation of Employee Benefit Plans

There is no denying that sleep is incredibly important. After all, we spend a third of our lives asleep! Despite the considerable role sleep plays in our lives, many of us often feel tired and lethargic, and we have difficulty falling to […] The post Wake-Up Call: The Impact of Sleep Deprivation appeared first on Word on Benefits.

article thumbnail

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.

article thumbnail

Building a Better Workplace: 15 Employee-Centric Culture Survey Questions

Vantage Circle

Your culture is your brand! This is because your people are the biggest asset of any organization. – Matt Phelan, Author of Freedom to be Happy Do you ever walk into an office and immediately feel the energy in the air? Some workplaces exude a distinct energy - maybe the lively banter, the creative decor, or simply visibly happy and smiling people.

article thumbnail

Employee lifecycle support: From day one to retirement

WEX Inc.

Supporting employees throughout their lifecycle is essential for improving engagement, loyalty, and long-term satisfaction in the workplace. By optimizing employee benefits and creating a supportive environment, employers can enhance the employee experience at every stage of their journey, from onboarding to retirement. This comprehensive guide will help you understand and implement effective employee lifecycle support.

article thumbnail

Paternity leave for bereaved partners bill passed into law

Employee Benefits

The Paternity Leave (Bereavement) Act 2024 has been passed into law to give working fathers and non-birthing partners automatic rights to immediate paternity leave if the mother dies. The Act, which received Royal Assent on the last day of the current Parliament on Friday 24 May, ensures that bereaved fathers or non-birthing partners will automatically get the right to day-one paternity leave if the mother, or a person with whom a child is placed or expected to be placed for adoption, dies.

article thumbnail

Bringing workplaces back to their prime requires a holistic approach

Workplace Insight

The pandemic radically changed the way we work and kick-started the proliferation of the hybrid model and widespread remote work. Now the picture has shifted once more, with headlines pointing to increasing return to the office policies introduced by organisations, with greater productivity and collaboration among their top reasons for doing so. Dubbed the year of the ‘Great Office Return’ by Virgin Media 02 Business Movers Index , 2023 saw four in ten companies mandating a return to the five-da

Media 118
article thumbnail

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.

article thumbnail

The Employee Experience Revolution: 10 Ways to Create a Workplace People Love – Part I

COMPackage

The traditional workplace model is undergoing a seismic shift. Gone are the days of employees simply showing up, clocking in, and putting their heads down for eight hours. Today’s workforce prioritizes purpose, growth, and well-being, demanding a more holistic and engaging work experience. This is the dawn of the Employee Experience Revolution, and organizations that prioritize building a workplace people love will reap the rewards in terms of talent acquisition, retention, and overall bus

Health 98
article thumbnail

How to successfully manage your employee lifecycle

Business Management Daily

Do you have an employee lifecycle model for your organization? Ignoring the employee lifecycle is a missed opportunity. It’s a goldmine for attracting top performers, boosting productivity, and creating a happier workforce. That’s because it’s crucial to consider the employee journey, from attracting a qualified candidate to encouraging brand advocacy after they’ve moved on (hopefully to greener pastures).

article thumbnail

Best Employee Engagement Software in 2024 for Employee Surveys, Wellness, Recognition, and more

Vantage Circle

Introduction to Employee Engagement Software It is no secret that employee engagement is crucial for companies to thrive in the modern workplace. But how can you ensure engagement? What do you need to do to engage your employees? These questions might be hovering in your mind. In the tech-driven modern workplace, using technology to build employee engagement tools is rather a smart move.

Software 105
article thumbnail

Mental health awareness month: 5 tips to activate your office

WEX Inc.

May is Mental Health Awareness Month , an opportunity to raise awareness and reduce stigma surrounding mental health issues in the workplace. As an HR representative or benefits decision-maker, you have a responsibility to support your employees’ mental health wellbeing. But what can your employees do to raise mental health awareness in the office, especially during Mental Health Awareness Month?

Taxes 98
article thumbnail

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.

article thumbnail

How to design a flexible benefits scheme for today’s workforce

Employee Benefits

Employers should communicate with employees to understand what they need from a flexible benefits package. Benefits that are offered as part of a flex scheme need to add value. As employees’ needs can change throughout the year, more frequent benefits enrolment windows can provide greater flexibility and choice. Following the impact of recent trends in the world of work, such as the increase in hybrid and remote working, it has never been more apparent that, when creating a benefits package, one

article thumbnail

People must take the lead on hybrid working to drive highest returns

Workplace Insight

A new report from workplace technology provider Eptura suggests that employee-led hybrid working models and connected technology drive the highest returns for businesses. According to its first half 2024 Workplace Index report [registration], companies with hybrid working models in which employees can choose when to come to the office are seeing the most benefit.

article thumbnail

Top 5 Perks for Home-Based Workers

Pacific Prime

Home-based workers refer to employees who are allowed to work from home. Some examples of jobs that allow people to work from home include translators or graphic designers. While there are distractions, working from home allows greater schedule flexibility and saves transportation money. On the other hand, working from home also means there is potential.

article thumbnail

Dallas Chapter Named COTY, Numerous PAYO Chapters Claim Top Honors at Chapter Exchange

APA Congress Today

The Dallas Chapter took top honors during the Chapter Exchange, sponsored by rapid!, held tonight at the 42nd Annual Payroll Congress, winning PayrollOrg’s Chapter of the Year for the third time since 2004 and the fourth time in its 34-year history.

Payroll 98
article thumbnail

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.