Employee Benefit News

MAY 17, 2024

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

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Employee Benefits 118

Money Talk

MAY 9, 2024

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.

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Retirement Plan Pension Finance Employment 182

Workplace Insight

MAY 13, 2024

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.

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Recruitment Education Employment IT 111

HR Bartender

MAY 21, 2024

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!

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Electronics Utilities Government Technology 141

Speaker: Kaitlin Ruby Carroll

Fertility benefits have become a crucial component of employee well-being and retention strategies. In today’s competitive landscape, creating a fertility benefits program that aligns with both employee needs and organizational goals can be more complex than it seems. From cycle-based to flat-dollar and telehealth models, each solution offers unique advantages and challenges that directly affect employee satisfaction and financial well-being.

Employee Wellness

Employee Benefits

MAY 9, 2024

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.

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Workplace Insight

MAY 28, 2024

A new study by Great Place To Work claims that obliging employees back to the office with so-called return-to-office mandates and restricting their choice of work location can have negative consequences for the business. The report based on a survey of 4,400 US workers, claims to reveal a strong correlation between work location flexibility and positive employee experiences.

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PTO Manufacturing Finance Healthcare 105

Money Talk

MAY 30, 2024

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.

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Hospitality Banking Finance Medical 182

BetterUp

MAY 18, 2024

Jump to section The importance of networking 4 online networking examples How to write a networking email: 7 templates for any situation 4 networking tips Build better connections

Employment 110

Employment 110

McDermott Will & Emery Employee Benefits

MAY 28, 2024

On April 22, 2024, the Centers for Medicare and Medicaid Services (CMS) released a final rule that will require long-term care facilities (LTCFs) to satisfy minimum nurse staffing standards with the goal of addressing patient quality of care and safety concerns. The final rule is anticipated to result in approximately 80% of LTCFs needing to […] The post Finalized Nursing Staff Standards Will Impact Most Long-Term Care Facilities appeared first on EMPLOYEE BENEFITS BLOG.

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Employee Benefits Health and Welfare 105

Employee Benefits

MAY 29, 2024

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.

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Employment Education Employee Enrollments Technology 116

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Employment

Workplace Insight

MAY 28, 2024

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.

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Construction Government Technology Architecture 119

HR Digest

MAY 15, 2024

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

Technology 132

Technology Health Utilities Management 132

WEX Inc.

MAY 10, 2024

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.

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PeopleKeep

MAY 15, 2024

Healthcare costs are high , with dental care expenses following suit. According to Authority Dental 1 , the average cost of a dental crown ranges from $800 to $2,500. While offering a primary dental policy can help employees cover these types of expenses, they may still have to pay a good portion of the bill. By offering supplemental dental insurance, you can help your employees save money on these costly procedures and maintain good oral health.

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Insurance Healthcare Employee Benefits 103

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Amidst rising cancer prevalence and soaring costs, new cancer technologies and innovations are emerging to support the early detection, treatment, and surveillance of cancer. Read this guide to understand how to evaluate these solutions for your employees and members – and to learn more about the current state of coverage, clinical and cost effectiveness, and impact on quality and outcomes.

Technology

McDermott Will & Emery Employee Benefits

MAY 29, 2024

On April 15, 2024, the US Food & Drug Administration (FDA) announced the establishment of the Center for Drug Evaluation and Research (CDER) Center for Clinical Trial Innovation (C3TI). C3TI will serve as the central support hub for innovative approaches to clinical trials designed to improve the quality and efficiency of drug development and regulatory […] The post FDA Establishes CDER Center for Drug Innovation (C3TI) appeared first on EMPLOYEE BENEFITS BLOG.

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Food Employee Benefits Health and Welfare 105

Employee Benefits

MAY 28, 2024

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.

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Parental Leave Employment Employee Benefits Taxes 116

Workplace Insight

MAY 20, 2024

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

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Media IT 118

Employee Benefit News

MAY 22, 2024

Residing at the intersection of technology and healthcare, this simple approach is a testament to the possibilities that await when we dare to rethink traditional systems.

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Healthcare Technology 104

Speaker: Radhika Samant and Todd Wuestenberg

Employee recognition has often been deemed a "feel-good" initiative, tied closely to rewards. While we understand its importance, we tend to associate recognition with intangible outcomes like engagement and sentiment, rather than direct impacts on retention and high performance. In today’s workplace, the true ROI of recognition lies in its ability to regenerate tangible, business-driven results.

IT

Patriot Software

MAY 2, 2024

Are all of your employees eligible to receive overtime pay? Some employees are exempt from overtime pay and minimum wage laws. Exempt employee qualifications are determined by the Fair Labor Standards Act (FLSA). To run payroll correctly, you need to be familiar with exempt employees. What is an exempt employee?

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Overtime Payroll Human Resources 102

WEX Inc.

MAY 29, 2024

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.

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Retirement Plan Taxes Health Insurance Recruitment 98

McDermott Will & Emery Employee Benefits

MAY 20, 2024

A legislative fix to surprise medical billing is not working the way lawmakers imagined it would work. According to this Politico Pro article, private equity groups are disproportionately benefiting from the No Surprises Act, and the law may inadvertently lead to higher health insurance premiums. Access the article. The post Surprise Medical Billing Law ‘Not Working the Way We Want It to Work’ appeared first on EMPLOYEE BENEFITS BLOG.

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Medical Health Insurance IT Insurance 105

Employee Benefits

MAY 13, 2024

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

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Payroll

Workplace Insight

MAY 31, 2024

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.

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Employee Benefit News

MAY 1, 2024

Pairing AI with traditional mental health support can help employees stick to a routine that will improve their health and well-being.

Employee Benefits 119

Employee Benefits Healthcare 119

COMPackage

MAY 24, 2024

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

Health Healthcare Payroll Employee Wellness 98

WEX Inc.

MAY 15, 2024

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?

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Taxes Consulting Education Employee Wellness 98

Speaker: Miriam Connaughton and Donald Knight

As organizations scale, keeping employees connected, engaged, and productive can seem like a monumental task. But what if AI could help you do all of this and more? AI has the power to help, but the key is implementing it in a way that enhances, rather than replaces, human connection. Join us for an exploration into how industry trailblazers are using AI to transform employee experience at scale while addressing both the potential and the pitfalls.

Technology

McDermott Will & Emery Employee Benefits

MAY 16, 2024

In recent years, states have been exploring innovative avenues to address rising healthcare costs and ensure access to affordable medication for their residents. One idea gaining traction involves pursuing authorization from the US Food and Drug Administration (FDA) for importation programs under Section 804 of the Federal Food, Drug, and Cosmetic Act (FDCA) to import […] The post Imported Drugs: (Possibly) Coming Soon to a State Near You appeared first on EMPLOYEE BENEFITS BLOG.

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Food Healthcare Medical Employee Benefits 105

Employee Benefits

MAY 1, 2024

One-third (34%) of employers said health and wellbeing support is more important than ever to recruitment and retention, according to research by health and wellbeing firm Towergate Health and Protection. Its survey of 500 HR professionals also found that 34% of respondents have seen increased interest in their overall benefits packages , while 40% said potential employees are more interested in higher salaries.

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Workplace Insight

MAY 29, 2024

In my line of work, it is easy to get away with not being au fait with technology. Having previously laughed off my ineptitude saying ‘there’s a reason I work with people not machines!’ I never considered I had a place in the realm of all things IT and computers. Until I discovered AI. More specifically, Deep Neural Networks. With a specialism in Neuropsychology, I was intrigued by a discipline that aimed to recreate that which we barely understand; the human brain.

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Technology Consulting IT 114

Employee Benefit News

MAY 29, 2024

HR execs and benefits experts from Walmart, Lyft, DailyPay and more share what motivated them up the corporate ladder, and how they help other employees succeed, too.

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Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

Payroll Manager