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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Combatting the Effects of Inflation: Keeping Benefits Competitive While Cutting Cost

Speaker: Jaye Johnson, CBP - Employee Benefits and Total Rewards Leader, World at Work Content Author, and Speaker

After years of facing the global pandemic, we are now struggling with a new problem: inflation. No one could have predicted the impact of inflation on employee benefits and how it affects both employees and employers. Employers are now trying to maintain or lower the cost of benefits while competing for talent in a competitive and tight labor market, but the rising costs of consumer goods and healthcare make it extremely difficult to consider increasing their benefit offerings.

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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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Unleashing AI in Recruitment: The Ultimate Guide

Discover the power of AI in recruitment with Paycor’s complete guide. Learn how to streamline your hiring process, increase interview pipeline, uncover candidates other tools miss, and save time. Get ready to revolutionize your talent acquisition strategy today!

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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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Half of employees have lied about the reason for their mental health day

Employee Benefit News

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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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HR and Employee Healthcare Reform: Keys to Increasing Employee Wellness and Retention

Speaker: Mallory Herrin, CEO & Principal HR Consultant at HerrinHR

Your employees are your most valuable resource. If you want to retain employees and keep them happy, you want to make the incentives more valuable. With a full-stack employee experience, culture, health, wellness and benefits navigation solution, you can provide employees with the wellbeing support they need. The results? Employees who are happier, healthier, and more engaged, as well as a business that is thriving both internally and externally, every day.

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Is At-Will Employment Intimidating? Demystifying At-Will Employment

HR Digest

You may ask what exactly “ at-will employment” is. You are definitely not alone in thinking so, many people do not know the definition of at-will employment, or the legalities of the same, despite most of the employment relationship in U.S. are “at-will” except when you have a contractual agreement. At-will employment, simply defined as “an employer can fire an employee at any time for almost any reason without any legal liability.

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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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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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What's the future of retirement? Advisers break down 'non-traditional' assets

Employee Benefit News

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Cancel Quiet Quitting: Detoxing Corporate Culture & Engaging Top Talent

Speaker: Jennifer Brick, Career Strategist and Author

Your employees have checked out. The last few years have been a wild ride, with countless changes to how we work and our workplace cultures, like the sudden shift to remote work, the return to office, and trends like quiet quitting. With productivity, profitability, and your employer brand on the line, leadership is turning to HR to engage employees and recreate your culture in different working models.

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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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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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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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Texas beats Florida as the best state to retire in 2023

Employee Benefit News

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How Can You Aggressively Manage Benefits Affordability?

Speaker: Alex Anderson - Total Rewards Strategist at Lockton Companies | Leo Tokar - President, People Solutions and Partner at Lockton Companies

Benefit cost increases regularly eclipse all other costs for organizations, yet bringing costs down is illusive. Now corporate priorities are swinging from solely a focus on talent to the need to actively manage benefit expenses, but no one wants to reduce benefits or ask employees to pay more. Join two total rewards experts, Alex Anderson and Leo Tokar, for an in-depth discussion on tactics to efficiently and effectively control and manage benefit cost.

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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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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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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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To create financial wellness for employees, lead with inclusion

Employee Benefit News

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The 5 Types of Hourly Workers: An HR Guide to Recruiting and Retention

All hourly workers want similar things, but when it comes to recruiting & retention, it helps to understand personal motivations. Download Paycor’s guide to learn how to find & keep the 5 types of hourly workers.