December, 2024

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How to tailor benefit packages to stay competitive in today's market

Employee Benefit News

Changes to the workforce extend beyond just the influx of new talent but also into what benefits employees value most, forcing employers to continually adapt.

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Employee onboarding: Day one to year one made easy

Achievers

Employee onboarding is where first impressions are made, and the foundation for success is built. But its not just about handing over a welcome packet and introducing a few team members. A truly great onboarding experience does much more than simply welcome new hires it gives them the tools, confidence, and sense of belonging they need to truly thrive.

Utilities 169
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Retainer Fee Structures Explained: Benefits and Best Practices

HR Lineup

In the recruitment industry, firms use different pricing models to charge their clients for services. One of the most common structures is the retainer fee model, which offers many advantages for both clients and recruiters. Understanding how retainer fee structures work, their benefits, and best practices can significantly enhance the recruitment process for companies looking to hire top talent.

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How AI is impacting HR

Employee Benefit News

Artificial intelligence is doing more than just sifting through hundreds of resumes. It can now predict when an employee needs to access a benefit.

IT 122
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How To Master Cost Management In Benefits Without Compromise

Speaker: Carol McBride, PHR, SHRM-CP

What if you could reduce costs and simultaneously enhance the value of your employee benefits? As companies face pressure to cut costs while employee expectations are on the rise, it’s crucial to rethink how benefits are managed. The key to success lies in optimization, not just cuts. Discover how to sustain employee satisfaction, reduce unnecessary spending, and build a benefits program that is agile enough to meet both financial goals and employee expectations in a fast-moving environment.

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How to combine employee retention bonuses with recognition for maximum impact

Achievers

Did you know that for entry-level positions, turnover costs range from 30% to 50% of the employees annual salary ? Or that for mid-level roles, its 125% to 150%, and for high-level or specialized positions, the cost soars to an eye-popping 400%? Beyond the financial hit, high attrition drains morale, disrupts workflows, and impacts overall productivity.

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More Trending

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My Final Quarterly Webinar Summary of 2024

Money Talk

As 2024 winds down next week, its time for my final quarterly summary of take-aways from recent personal finance classes, conferences, and webinars that I attended. Below are some nuggets that you might find useful in your personal financial planning: Offense and Defense- Financial offense involves earning money from one or more sources (e.g., paycheck, interest).

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5 Themes for Your 2025 HR Comms Calendar

Flimp Communications

Whether your HR team is aiming for higher HDHP enrollment, greater wellness program utilization, or improved benefits literacy, achieving your goals in 2025 will invariably depend on your company’s employees learning something and, crucially, retaining that knowledge throughout the year. But 2025 promises to be another hectic year for your employees, at work and home, with no let up to the constant bombardment of messaging and demands.

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How Will AI Change Executive Search?

HR Lineup

Executive search is a critical function in organizations, identifying and recruiting top-tier talent for senior leadership roles. With the rapid advancement of Artificial Intelligence (AI), this field is poised for transformative change. From improving candidate sourcing to enhancing decision-making, AI is reshaping the way executive search firms and organizations operate.

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5 ways to strengthen employee wellness in 2025

Employee Benefit News

EBN looks at some of our biggest wellness stories of 2024, and how they can help benefit leaders tackle 2025.

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The Great Disruption: Leveraging AI To Better Your Benefits Strategy

Speaker: Joana Ardelean, MSHRM, PHR, SHRM-CP, CC

The benefits landscape is shifting rapidly, and AI is at the center of this transformation. From optimizing health and wellness programs to predicting future benefits needs, AI is empowering HR and total rewards leaders to make smarter, more proactive decisions. The challenge? Understanding where AI fits in your strategy and how to leverage it effectively while keeping employee well-being at the forefront.

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Unlocking the power of 360-degree feedback for your rewards and recognition program

Achievers

How can hearing from all angles supercharge your recognition and rewards efforts? The answer lies in 360-degree feedback a powerful tool that gathers insights from an employees peers, managers, and direct reports to create a well-rounded view of performance. This comprehensive feedback model is fast becoming a cornerstone of modern employee engagement strategies.

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Six Indiana Counties Have Tax Rate Increases Effective January 1

PayrollOrg

Effective January 1, 2025, the Indiana Department of Revenue revised Departmental Notice No. 1 to reflect that six counties have income tax rate increases.

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10 Ways to Be Productive During the Last Two Weeks of the Year

HR Bartender

Estimated reading time: 5 minutes Ive noticed that in a few of my recent articles I mentioned projects that might be perfect for the end of the year. So, I thought today might be a good time to expand on the idea and share ways to be productive during the last two weeks of the year. Before I became a consultant, I often worked during the final two weeks of the year.

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Virtual cards: 5 simple steps to make the transition

WEX Inc.

The transition from paper check processing to virtual card payments can be daunting. This is why we’ve created a five-step guide to making the transition as efficient and seamless as possible. The value of running a supplier analysis before virtual card adoption The first thing we do with customers when they’re considering moving away from paper checks to a virtual card payments technology is to analyze the suppliers with whom they are currently doing business.

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10 HR Metrics for 2025: HR Data Toolkit

The right HR metrics can illuminate hidden trends, justify decisions to the C-suite, and give you an edge in this unpredictable economy. Download Paycor’s guide and learn how to calculate your: Cost-per-Hire Total Financial Impact of Absences Voluntary Turnover Rate And more!

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The Benefits & Challenges of Recruiting for High-Net-Worth Individuals

HR Lineup

Recruiting for high-net-worth individuals (HNWIs) is a unique niche in the recruitment industry. It involves sourcing and hiring professionals for private households, businesses, or personal projects of affluent individuals. While this niche presents lucrative opportunities for recruiters, it also comes with its own set of challenges. In this article, well explore the benefits and challenges of recruiting for HNWIs, providing insights for recruiters navigating this specialized market.

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This independent assessment can save employers billions on healthcare

Employee Benefit News

By taking a more active role and partnering with the right brokers, companies can offer better options at a lower cost.

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Maximizing FSA Utilization: Why Communication from HR Is Key

Flimp Communications

As year-end draws closer, countless employees unknowingly leave money on the tablemoney theyve set aside for healthcare through their Flexible Spending Accounts (FSAs). For employees, it means paying out of pocket for expenses that could have been purchased with pre-tax dollars. For HR teams, its a missed opportunity to strengthen their benefits communications and reinforce their commitment to employee wellness.

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State Unemployment Insurance Taxable Wage Bases for 2025

PayrollOrg

Learn which states have released their state unemployment insurance (SUI) taxable wage bases for 2025 in a chart provided and updated by PAYO.

Insurance 129
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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Walmart Employees Don Body Cameras at Select Stores

HR Digest

Kickstarting a new pilot program at select locations, Walmart employees are now testing body cameras as a new security measure against rising threats faced in-store. Walmart isnt the first retailer to begin testing body cameras as a safeguard against theft and violence, but it is one of the largest in the country to do so. Shoppers have grown more brazen with their attitude against store employees and with the holiday season here, tempers are even higher.

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5 tips to help employees with FSA spend down

WEX Inc.

Medical flexible spending accounts (medical FSAs) are use-or-lose accounts. There are limits as to whether (or how much of) your employees’ FSA funds can be carried over into the next plan year. How well do your employees understand their FSA’s plan rules? If they don’t, they could risk forfeiting funds to the plan. And any forfeiture of funds would create a negative experience for them that may discourage future FSA participation, hurting their ability — and your ability — to save money.

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Understanding Flat Fee Structure Recruitment: A Cost-Effective Hiring Solution

HR Lineup

Recruitment can be an expensive and time-consuming process, especially for businesses seeking top-tier talent in competitive markets. Traditional recruitment models, often based on a percentage of the new hires salary, can significantly inflate hiring costs. As companies increasingly look for more economical alternatives, flat fee structure recruitment has emerged as a compelling solution.

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Are employees getting enough mental health support in 2024?

Employee Benefit News

According to Aflac, 54% of employees believe employers care about their mental health — but does that translate to less burnout?

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Where You Can and Absolutely Cannot Cut Costs Corners in Benefits Administration

Managing benefits administration is costly, and cutting corners in the wrong places can lead to disengaged workforces and the risk of non-compliance. This eBook from Selerix highlights areas where you can save without compromising the value of benefits. Proactively Thinking: Make decisions for the long run. Discover ways to be proactive in your decision-making to save money in the future, not just temporarily.

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Understanding Breaks at Work Federal Law: Key Guidelines for Employers

Darwinbox

Under state law and industry rules, employees with shifts longer than six hours must take breaks. This applies if the organization has at most five employees working.

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New Paid Family Leave Program Requirements in 2025

PayrollOrg

Effective January 1, 2025, employers in Delaware and Maine must begin making contributions to state paid family and medical leave programs. Employers in Maryland will have new contributions due in July.

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Starbucks’ Parental Leave Policy Doubles the Paid Leave for New Parents

HR Digest

With Netflixs parental leave policy on shaky grounds , Starbucks parental leave policy is now offering to provide industry-defining benefits to employees by doubling the leave allowance currently available to workers. On a mission to make Starbucks the Best Job in Retail, the company has decided to expand its leave policy after employees indicated that its current 6-week program was insufficient for them.

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The Surprising Reasons Different Generations Are Stressed About Money

Best Money Moves

About 7 in 10 US employees say they’re stressed about money, per PNC’s 2024 Financial Wellness in the Workplace report. However, not all employees face the same financial woes. Younger generations tend to worry about affording monthly expenses, whereas Baby Boomers tend to worry about if — and when — they can afford to retire. Engaging a multi-generational workforce can be difficult.

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4 HR Priorities for 2025 to Supercharge Your Employee Experience

Speaker: Carolyn Clark and Miriam Connaughton

Forget predictions, let’s focus on priorities for the year and explore how to supercharge your employee experience. Join Miriam Connaughton and Carolyn Clark as they discuss key HR trends for 2025—and how to turn them into actionable strategies for your organization. In this dynamic webinar, our esteemed speakers will share expert insights and practical tips to help your employee experience adapt and thrive.