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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Reduce Bias in Hiring: Structured Interview Questions for Employers

Structured interview questions are a valuable tool for reducing bias in hiring. They help: Ensure all candidates are asked the same questions in the same way Level the playing field so all candidates have a fair chance of being successful Improve credibility, reliability, and validity Download the guide to get the most out of your interview questions!

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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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Testing Innovations in Cancer: How to evaluate and use new technologies

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.

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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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Recognition Powers High-Performance — If You Do it Right

Speaker: Debra Squyres 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.

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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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Why Every Small Business Needs an HCM Solution: A Comprehensive Guide

Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.

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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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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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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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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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The HR Leader’s Survival Guide

HR leaders drowning in paperwork struggle to meet C-suite's strategic expectations. Burnout and high turnover plague the field, with 95% feeling overwhelmed. This guide explores how the right tools can free HR from admin tasks and empower them to become the strategic leaders they’re meant to be.

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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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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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How an HSA can support your employees’ mental health

WEX Inc.

New survey results published during Mental Health Awareness Month indicate that a variety of financial and health factors are the top drivers influencing mental health in this country. Money was the top factor at 52%, with personal health and the health of family/friends also ranking among the top four. There are a variety of ways you can promote mental health in the office , and one way is to provide benefits that support your employees' needs.

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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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HR Meets AI: 🤝 The New Way of Keeping Large Workforces Connected and Engaged

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.