Business Management Daily
JANUARY 11, 2023
We wish we had a crystal ball, but we don’t. Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. Here are five items we see coming this year. Final e-filing regs. The IRS punted on its final regulations , dropping the mandatory e-filing threshold for information returns for 2021 and 2022 W-2s, 1099s, and 1095s.
Employee Benefit News
JANUARY 10, 2023
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Best Money Moves
JANUARY 10, 2023
Financial Stress in 2023: 3 Problems Facing Your Workforce. 2023 is shaping up to be a tough financial year. Keep an eye out for these 3 major causes of financial stress among your employees. Average savings decreased by 15% in 2022, according to Northwestern Mutual’s 2022 Planning & Progress Study. What’s more, data from the same study confirms that over half of U.S. adults feel somewhat or very anxious about their financial situation. .
Employee Benefits
JANUARY 13, 2023
As we approach the third Monday of January, supposedly we will also reach the most depressing day of the year. Dubbed “Blue Monday”, the 16th of January is the day that the new year reality hits us: we’re all freezing, broke and annoyed that our new year’s resolutions haven’t lasted the month. However, after the excitement and busyness of the Christmas period, it is completely natural for us to feel a little down in one of the gloomiest months of the year.
Advertiser: Paycor
What type of worker is most engaged—hybrid, remote, or onsite? What are the drivers of effective leadership? What does the C-suite think HR is most responsible for? And why is a wave of HR resignations more likely in the next 12 months? Get our annual survey report to find out: The #1 challenge of recruiting & hiring Why remote teams are struggling What are the drivers of effective (and ineffective) leadership And lots more!
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
The Workcomp Writer
JANUARY 10, 2023
Copyright 2023. Thomas A. Robinson. All rights reserved. As I have noted early each January for many, many years now, prior to the death of my mentor and friend, Dr. Arthur Larson, the original author of the oft-cited Larson treatises in workers’ compensation law (and in employment discrimination law, as well), Arthur and I began a quirky—though humorous—New Year’s tradition.
Employee Benefits
JANUARY 12, 2023
Let’s get your 2023 wellbeing offering off the ground! We wrapped up 2022 with a review of what the businesses that made it onto the year’s top employer’s lists did to secure their spots. Whilst there was a strong focus on career development and social value, wellbeing initiatives and employee benefits were the underpinning theme. In this blog, we take a look at: employee awareness & feedback, cost-effective wellbeing benefits, salary sacrifice schemes, and mental wellbeing.
HR Digest
JANUARY 9, 2023
As the world continues to evolve at a rapid pace, HR trends in 2023 are expected to follow suit. From the incorporation of technology to shifts in company culture, HR professionals and thought leaders are keeping a close eye on what the future holds for the industry. One of the biggest global HR trends for 2023 is the increasing importance of diversity, equity, and inclusion.
Best Money Moves
JANUARY 11, 2023
Financial Wellness: The missing piece of your DEI strategy. Financial wellness could be the key benefit that your DEI initiative is missing. Here’s what to consider. . Organizations are constantly trying to improve diversity. But while progress has been made, many workplaces are still a long way from achieving true equity. . The median wealth for white households is $187,300, according to data released by the U.S.
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About 40% of us will be diagnosed with cancer in our lifetime, and patients are getting younger. At the same time, the cost of treatment continues to rise, with employers spending 8.5% more on cancer care for each employee than they did last year. The best thing employers can do for their employees and business tomorrow is to invest in cancer detection and care today.
BetterUp
JANUARY 9, 2023
Jump to section. What are teamwork skills? Why teamwork matters. How to improve your teamwork skills. Life is a team sport. Throughout your life, you’ve probably been a part of many teams. Some of these experiences were likely better than others because of how the team functioned. Maybe your office softball team supported everyones’ strengths and was unstoppable on the field, but in the office, you were assigned group work with a team that struggled to delegate tasks and accept constructive feed
Employee Benefits
JANUARY 11, 2023
Need to know: In ensuring that they are supporting employees from within the LGBTQ+ community, employers need to talk to and gain feedback from their employees to establish their needs and identify areas where they feel support is lacking. The inclusion of LGBT+-friendly benefits, such as gender transitioning treatment, fertility and parental benefits, must meet the needs of all populations within the workforce.
HR Digest
JANUARY 10, 2023
Ageism in the workplace is a reprehensible and unjust reality for many people over 50. They are often judged and dismissed based on their age, rather than their qualifications and abilities. Society tells us that with age comes wisdom, yet in the workplace, it seems to be a hindrance rather than an asset. It is disheartening that individuals who have spent their entire lives working and contributing to society, are now facing the unfair discrimination and marginalization.
Best Money Moves
JANUARY 9, 2023
4 top 2023 employee benefits. Here are the trending employee benefits that companies are investing in for 2023, to help cope with financially stressful times. The International Monetary Fund estimates that 2023 will see global economic growth decline to only 2.7 percent in 2023. This is a significant drop from the 6.0 percent growth recorded in 2021, and the lowest since 2001. .
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Workplace Insight
JANUARY 12, 2023
There was a curious addition to a 2016 report on the Top 10 Technologies Driving the Digital Workplace from tech researchers Gartner. It wasn’t a technology at all but rather a slightly obscure office design concept that originated in Hamburg in the late 1950s, but which tells us a lot about how we work in the 21st Century office, according to Gartner.
Employee Benefits
JANUARY 11, 2023
Social media management organisation Hootsuite, which employs around 1,000 people, has implemented a range of lesbian, gay, bisexual, trans, queer, intersex, asexual and more (LGBTQIA+)-friendly initiatives. These include a restructuring of employee benefits, with increased coverage for mental health, fertility treatment, and gender affirmation surgeries, and the establishment of a diversity, equity and inclusion (DE&I) council, comprising employees and allies from diverse groups, to promote
HR Digest
JANUARY 11, 2023
In today’s rapidly changing job market , companies are struggling to find the right words to describe new and emerging roles, leading to the invention of creative job titles. From “Growth Hacker” to “Data Scientist” and “Remote Worker,” these new titles are not only reflective of the shifting job market but also companies’ efforts to stay competitive and attract top talent.
McNees
JANUARY 13, 2023
The Consolidated Appropriations Act of 2023 (“Act”) was passed by Congress in late December 2022 and signed by President Biden on December 29, 2022. The Act, a $1.7 trillion dollar spending bill, contains provisions which modify the laws applicable to welfare benefit plans and retirement benefit plans. Below is a high-level list of the provisions of the Act which are effective in 2023 and which may affect your plan: Welfare Benefit Plans.
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The first report from Gallagher’s 2024 US Workforce Trends Report Series, includes data from 3,500+ employers who participated in the 2024 US Benefits Strategy & Benchmarking Survey. The report provides benchmarks for benefits, HR and people strategies to help organizations thrive. Organizations continue to rank retention as the top priority for HR, and second highest for operations.
International Foundation of Employee Benefit Plans
JANUARY 10, 2023
Every month, the International Foundation releases the Legal and Legislative Reporter, a compilation of new employee benefits-related case summaries. Below is a summary we thought you’d be interested in. Content provided. Read more > The post Legal and Legislative Reporter: Fiduciary Duties Breached appeared first on Word on Benefits.
Employee Benefits
JANUARY 13, 2023
More than half (55%) of UK employees want their employer to increase its investment in employee reward and recognition, according to reseerch by employee engagement platform Reward Gateway. Its 2023 Employee engagement trends report, which surveyed more than 3,000 employees across four global regions, also found that more than half of UK respondents frequently experience stress at work.
HR Digest
JANUARY 12, 2023
Are you feeling unfulfilled in your current job but unsure if it’s the right time to make a change? With the economy slowing down, it’s understandable to have reservations about quitting your job. But what if we told you that there’s a way to navigate the job market during a recession and still achieve your career goals? In this article, we’ll explore the advantages and disadvantages of quitting your job during a recession, and provide tips on how to make the best decisio
Workplace Insight
JANUARY 11, 2023
Mental health and wellbeing will dominate conversations about the role of work in people’s lives this year, due in part to the effects of the global pandemic, as well as social and economic instability around the world, according to the latest megatrends report from UKG. The report claims that many people are feeling overwhelmed in the face of negative news cycles headlining economic uncertainty, climate change, violence, and political unrest have contributed to a spike in mental wellbeing
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Benefits are central to any HR strategy. A strong benefits package attracts top talent, boosts engagement, and retains top performers.
BetterUp
JANUARY 11, 2023
You know your team is exceptional. After all, you see them working hard for your company every day. But when you’re managing a small staff or running a business, there are a lot of things that demand your attention. Sometimes, that means employee recognition efforts fall by the wayside.
Employee Benefits
JANUARY 12, 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 6 January – 12 January 2023 were: Ann Summers reports 35.2% mean gender pay gap. Mastercard and Google rank among best workplaces for 2023. Halo Trust introduces employee engagement and happiness tool . Taylor Swift’s feline friend earns £81.6 million as animal influencer.
AssuredPartners
JANUARY 11, 2023
The Department of Health and Human Services (HHS) recently announced the proposed 2024 Benefit Parameters, outlining the maximum out-of-pocket (OOP) limits applicable to non-grandfathered plans for plan years beginning in 2024. Each year, these OOP maximums are adjusted for inflation. Last year, HHS pledged to release the updated amounts “…by January of the year preceding the applicable benefit year… ” and they have indeed stuck to that promise.
Workplace Insight
JANUARY 11, 2023
Two thirds of UK businesses believe offering flexible working to their employees is crucial if they are to successfully retain and attract talent, according to a new report. Businesses don’t believe they cannot compete on salary alone and are instead offering flexibility to stay competitive. Over half (52 percent) of businesses have increased salaries to attract talented workers, but say wages rises can’t continue at the rate they have been going.
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Ready to boost employee happiness, improve inclusion, and make a positive impact on morale? From fostering cooperation and collaboration to promoting inclusivity and community impact, our checklist covers it all! Create the kind of workplace where employees feel valued, motivated, and invested in your success.
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