Sat.May 06, 2023 - Fri.May 12, 2023

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Hyper-personalizing compensation and benefits: 5 actions to take

Achievers

Hyper-personalization is everywhere these days, and the workplace is no different. Today’s employees need to be recognized as individuals in order to thrive, do their best work, and remain engaged. And HR leaders understand that a one-size-fits-all approach to compensation and benefits doesn’t best serve their people, or the organization. Progressive employers are embracing an approach to benefits that’s hyper-personalized, leveraging rewards regarded as high value to their workforce.

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13 FSA and HSA eligible expenses that may surprise you

Employee Benefit News

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The Rise of Gender-Affirmation Health Care Benefits

International Foundation of Employee Benefit Plans

Gender-affirmation health care benefit offerings have been on the rise over the past seven years, according to survey data from the International Foundation. Up from 12 percent in 2016, 30 percent of U.S. employers now offer the benefit. I spoke with Julie […] The post The Rise of Gender-Affirmation Health Care Benefits appeared first on Word on Benefits.

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Compliance TV: IRS Data Affirms Payroll's Vital Role in Nation's Tax System

PayrollOrg

In this edition of May 2023 Compliance TV: IRS Data Affirms Payroll's Vital Role in Nation's Tax System; SSA Releases Tax Year 2023 W-2 Electronic Filing Specs; IRS Said 2024 Form W-2 Will Not Be Redesigned; DOL Publishes Report on UI Trust Fund Solvency, and more.

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An HR Leaders Guide: 7 Questions To Ask When Developing Your Cancer Strategy

As HR and Benefits leaders are in the midst of evaluating cancer care solutions and designing their requirements for vendors, it’s key to know what questions to ask to ensure the development of a truly comprehensive strategy: from prevention to diagnosis to treatment to survivorship. Getting to the right answers starts with asking the right questions: How can better access improve engagement?

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Why menopause support is a trending workplace benefit

Employee Benefit News

More Trending

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How SFA Rules Impact Annual Funding Notice Requirements

International Foundation of Employee Benefit Plans

The American Rescue Plan Act (ARPA) of 2021 authorized special financial assistance (SFA) through the Pension Benefit Guaranty Corporation (PBGC) to eligible severely underfunded multiemployer plans. ARPA added section 4262 to Title IV of the Employee Retirement Income Security Act (ERISA). The multiemployer plans […] The post How SFA Rules Impact Annual Funding Notice Requirements appeared first on Word on Benefits.

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7 strategies for effectively managing remote employees

Achievers

Managing remote employees has become an essential skill for people leaders as they adapt to the new normal. Remote work offers many benefits, such as increased productivity, improved work-life balance, and lower overhead costs. And many of the key strategies for effective management remain the same for in-office and remote workforces alike. Whether it’s providing frequent recognition, listening to employee feedback, or working to build a sense of community among team members, these techniques pa

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HR and benefits leaders must lean on data, tech and finance to drive workplace decisions

Employee Benefit News

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How to position group risk benefits to support long-term health issues

Employee Benefits

Communicating the value of group risk products and the areas in which they protect staff is key. Group risk schemes often offer added services that can further support staff. Early intervention can increase return-to-work rates following a long-term health issue , so it is key to communicate who staff can contact and when. Group risk benefits can help employees deal with many conditions, but employers should consider how best to promote them in order to support those with long-term health issues

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6 Steps to a Better Compensation Strategy

Compensation is one of your biggest expenses as a business, but it is also your biggest investment in your people and your culture. A great compensation strategy can be an incredible asset that supports your business goals and lays a foundation of trust between your company and your employees. Whether you already have a compensation strategy in place or you’re building one from scratch, this guide will help you level up your approach through these 6 steps: 1.

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Barbservations from Three Retirement-Focused Webinars

Money Talk

I recently attended three webinars related to retirement planning. One discussed required minimum distribution (RMD) rules, the second, retirement planning in general, and the third, the FIRE ( F inancial I ndependence, R etire E arly) movement. Below are eight key take-aways from these programs: Simple RMD Description - The IRS wants their cut of your retirement savings that they have been waiting to take for decades.

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Maryland Delays Paid Family and Medical Leave Program

PayrollOrg

The rollout of Maryland’s family and medical leave program is delayed by one year, including employer withholding and employee benefits. Employers must begin withholding for the program on October 1, 2024.

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12 Experts Weigh In On Why You Need An Employee Handbook

Genesis HR Solutions

We’ve talked about the importance of an employee handbook from our perspective, but we thought it would be interesting to hear directly from CEOs, business owners, and HR managers about how employee handbooks have made a difference at their companies. Check out their perspectives below—you’ll likely find something that surprises you! Unfortunately, most employers don’t have a handbook that thoroughly addresses the processes and activities of their employees.

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Gi Group promotes group risk benefits that support long-term health issues

Employee Benefits

Recruitment firm Gi Group offers group risk products to support its employees experiencing a range of health conditions that affect both their mental and physical health. The group, which employs more than 650 members of staff, offers life assurance at four times employees’ basic salary from day one of employment, critical illness insurance, a health cash plan and private medical insurance, through which employees can access a 24/7 GP.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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Seventh Circuit Affirms Discretion Over Who Gets Severance Benefits

Proskauer's Employee Benefits & Executive Compensa

A recent Seventh Circuit decision affirms the principle that an ERISA severance plan can reserve to the employer discretion over who is eligible for severance benefits. The case is Carlson v. Northrop Grumman Severance Plan , No. 22-1764, __ F.4th __, 2023 WL 3299703 (7th Cir. May 8, 2023). The case involved former Northrop Grumman employees who were laid off in 2012 and claimed a right to severance under Northrop Grumman’s severance plan.

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DHS Extends Date to Physically Check Documents to August 30

PayrollOrg

The U.S. Department of Homeland Security (DHS) said employers will have until August 30 to conduct remaining physical document examinations for Form I-9.

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When extroverts and introverts collide – new lessons in conflict

TLNT

In most workplaces today, it has (quite rightly) become the accepted norm that there can be no room for certain types of conflict – that is anything which constitutes bullying, or any conflict which borders on being discriminatory or that resembles harassment.

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DEAF AWARENESS WEEK: MAKING THE WORKPLACE MORE ACCESSIBLE

Employee Benefits

The 1 st to 7 th May is Deaf Awareness Week, a campaign that promotes awareness of the challenges faced by the D/deaf community in accessing communication and the barriers that exist in society. During this blog, we’ll explore the barriers and struggles that exist for D/deaf community in the workplace. However, before we get into the finer details, it’s worth ensuring that employers and colleagues understand the correct terms to ensure language is inclusive and non-discriminatory.

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Bridging the Gap: The Intersection of DEI Initiatives and Employee Benefits

Speaker: Jaye Johnson, CBP

Unlock the secrets to transforming your organization’s employee benefits into a strategic tool for Diversity, Equity, and Inclusion (DEI). During this informative session, we will discuss common pitfalls in traditional benefits and then delve into the essence of DEI in employee-centric benefit offerings. This involves not only defining DEI in the workplace but also understanding the pivotal role that employee benefits play in fostering a diverse and inclusive environment.

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Incorporating 160 Effective Performance Phrases in Your Performance Appraisal Review Templates

HR Digest

The process of conducting a performance appraisal can be a daunting task for many managers and HR professionals. It involves assessing an employee’s strengths and weaknesses, setting goals, and providing feedback on their performance. While it’s easy to fall into the trap of using generic phrases and templates, truly effective performance reviews require a personalized touch.

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Pulse Survey Incentives Ideen zur Erhöhung der Rücklaufquote

Vantage Circle

Die Durchführung einer Umfrage zum Mitarbeiterengagement hilft der Organisation, sich zu verbessern. Sie ermöglicht es den Beteiligten, fundierte Entscheidungen zu treffen. Was aber, wenn Ihre Mitarbeiter nicht antworten? Es gibt mehrere Gründe, warum die Rücklaufquote bei Mitarbeiterbefragungen niedrig sein kann. Diese können darin bestehen, dass die Mitarbeiter die Umfrage nicht kennen, dass sie nicht motiviert sind, daran teilzunehmen, dass sie sich der Umfrage ü

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Data brokers could be mining employee data, the CFPB isn’t happy

Business Management Daily

Data brokers are already in your workplace, surveilling your employees and selling what they gather, whether you know it or not. And we’re not the only one who thinks there’s a creep factor here. The Consumer Financial Protection Bureau recently published a request for information regarding data brokers. The Federal Trade Commission recently dinged a digital healthcare platform for sharing consumers’ sensitive health information for advertising purposes.

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Why musculoskeletal support should be a priority for employers

Employee Benefits

Repetitive movements, using a computer, poor posture and sitting at an inadequate desk without back and neck support can lead to poor musculoskeletal health and related sickness absences. Acute back pain, for example, becomes chronic after 21 days, which can significantly impact an employee’s physical and mental health, and their ability to work. Organisations need a wellbeing strategy that enables them to identify the causes of workplace ill health, intervene early and provide specialist suppor

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Employer Insights Report 2024: The State of Cancer

96% of benefits leaders agree: detecting cancer early is the best way to get ahead of rising costs and improve employee health outcomes. So why is it that 82% of employers currently spend significantly more on post-diagnosis care and disease management rather than upstream care? A new survey of 250 benefits leaders who oversee 500 to 50,000 covered lives highlights their perspective on cancer and its burden.

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Recruiting Strategies for Today’s Job Market: Best Practices for Employee Recruitment

HR Digest

Recruiting has become increasingly challenging in today’s job market. As unemployment rates continue to decrease, companies are facing tough competition in attracting and retaining top talent. The need for effective recruitment strategies and hiring best practices has never been more crucial. In this guide, we will cover the latest trends in recruiting and offer practical tips and strategies for HR professionals to attract and retain the best talent in today’s competitive job market.

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Unionized Apple store wants customers to tip; battery maker must pay $22m in unpaid wages

TLNT

First unionized Apple store wants customers to tip staff when buying tech Staff at Apple’s first unionized store in the US are reportedly in talks to ask customers ‘tip’ staff when paying for goods at the checkout. Staff at Apple’s Maryland branch – which become unionized last year – are said to want a 3-5% gratuity added – or another $59.95 on top of the price of its latest MacBook Air, which retails at $1,199.

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Half of gig workers earn below the minimum wage

Workplace Insight

As the cost of living continues to spiral, a new report shows more than half of gig economy workers in the UK are paid below the minimum wage. The study , led by the University of Bristol, found 52 percent of gig workers doing jobs ranging from data entry to food delivery were earning below the minimum wage. On average respondents were earning £8.97 per hour – around 15 percent below the current UK minimum wage, which rose to £10.42 this month.

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Dial A Ride to pay £12,500 in unfair dismissal and holiday pay compensation

Employee Benefits

Non-profit transport service Dial A Ride, the trading name of Blackburn and Darwen Community Transport, has been ordered to compensate a former driver in a dispute concerning unfair dismissal, employment status and holiday pay. The case concerned claimant A Russell, who worked as a driver from 2018, providing transport for vulnerable adults and children, including regular work doing the school run for children with special educational needs.

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How to Implement Pay Transparency: A Comprehensive Guide

With pay transparency legislation on the rise globally, it can be difficult for organizations to navigate how to share salary ranges due to administrative complexities, lack of clear job architecture, employee reactions, and more. To help make this process easier, Barley's comprehensive guide shares how to begin implementing pay transparency while staying true to your compensation philosophy.