Sat.Jan 28, 2023 - Fri.Feb 03, 2023

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Confessions of a benefits manager: Candid helps with data audit

Employee Benefits

Data is misery. You would think with a central HR system like Choreday, we would have all the HR data we need. Well, think again. For some of our locations, the HR system is connected via payroll so naturally the salary and allowance data is correct; if not, people would soon shout that their pay is wrong. The problem comes in the locations where we do not have that link, usually acquisitions of some sort.

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Pros & Cons Of Auto-enrolling Employees In A 401(k) Program

Genesis HR Solutions

Should you auto-enroll your employees into your company’s 401(k) program? You don’t need to shake a magic eight ball to make a decision. Instead, take a look at the pros and cons, and then make an educated decision for your company. What is automatic enrollment? Automatic enrollment is exactly what it sounds like—you, the employer, automatically enroll your employees into your organization’s 401(k) plan.

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How to integrate employee benefits and company culture

Employee Benefit News

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Magazine Extra: Adapting Benefits to Today’s Multigenerational, Postpandemic Workforce

International Foundation of Employee Benefit Plans

Benefits Magazine Extras articles provide you with bonus content on a mix of benefits topics as well as deep dives and analysis on the latest benefit trends and compliance issues. Read more > The post Magazine Extra: Adapting Benefits to Today’s Multigenerational, Postpandemic Workforce appeared first on Word on Benefits.

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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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Where should employers draw the line with benefits provision?

Employee Benefits

If employers are not seeing a return on their investment in benefits or schemes are not achieving their desired aims, such as increased employee engagement or retention, then they might be spending too much. Employers should consider whether they are offering benefits to be viewed as an attractive place to work or because they genuinely want what is best for their staff.

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Why price transparency rules won't fix healthcare

Employee Benefit News

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How To Automate Travel Expense Reporting in Enterprises

Darwinbox

Travel expense reporting is one of the most important administrative functions in any organization, but since it does not directly generate revenues, you need to keep it as lean and efficient as possible. This article explains how to automate travel expense reporting. It discusses why travel and expense automation is so important and the steps to expect as you go along this digital maturity journey.

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Pay transparency laws continue to spread across the U.S.

Employee Benefit News

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Future-proof your company with a disability management plan

Employee Benefit News

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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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The Curious Case of I-Bonds: Too Good to Be True?

Money Talk

I can’t think of any other investment, off the top of my head, where the rate of return earned two decades ago continues to directly influence what I receive today…with the exception of Series I-bonds issued by the U.S. Treasury. Of course, early compound interest earned also impacts later investment growth, but I’m talking about investment features per se.

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Compliance TV: IRS Opens IRIS Portal to File Forms in 1099 Series

PayrollOrg

In this February 2023 edition of Compliance TV: IRS Opens IRIS Portal to File Forms in 1099 Series; IRS Posts Drafts of Form 941, Instructions, and Schedules; IRS Releases 2023 Publication 15-B; and more.

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HR Evolution Perspectives: Mapping the Evolution of HR in 2023 And Beyond

Darwinbox

With the world of work evolving constantly and at an unprecedented rate, HR evolution needs to happen at a proportional pace as well. Introducing Darwinbox’s flagship HR research study to help you navigate change and stay ahead of disruption.

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SECURE 2.0 Brings Significant Changes for 403(b) Plans

Proskauer's Employee Benefits & Executive Compensa

As part of our continuing series on SECURE 2.0 , signed into law December 29, 2022, this post focuses on significant changes for section 403(b) tax-sheltered annuity plans (“403(b) plans”). 403(b) plans are similar to 401(a) tax-qualified defined contribution plans but sponsored by public schools or non-profit entities and subject to unique requirements under the Internal Revenue Code (the “Code”).

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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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The Importance of Unlearning to Succeed at Work

HR Digest

Unlearning at work is a vital component of growth , and regardless of how we view it, it can’t be avoided. The workplace continues to change and evolve, therefore old methods of doing things are no longer solid and have become outdated. The workplace is constantly changing, and you need to be able to adapt if you want to stay competitive. But how do you keep up with the pace of change?

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Massachusetts Withholding Tables Will Not Be Updated to Reflect Millionaire Tax

PayrollOrg

Effective January 1, 2023, there is a 4% surtax on Massachusetts taxable income over $1 million that was passed by voters last year. The Massachusetts Department of Revenue does not intend to update the withholding tables to reflect the surtax.

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Unique Vacations UK improves benefits as part of workforce investment

Employee Benefits

Unique Vacations UK (UVUK) is the UK sales and marketing representative for holiday firm Sandals and Beaches Resorts. The team, which comprises 48 employees, works closely with its sister firm Unique Caribbean Holidays (UCHL), which is the UK tour operator for Sandals and Beaches Resorts and employs 47 workers. In December 2022, UVUK and UCHL enhanced their parental leave policies to eight weeks at full pay for expectant mothers and fathers, for births or adoptions.

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9 Amazing Ways To Celebrate National Pizza Day At Work

Vantage Circle

February is a fantastic month since it includes a significant occasion that allows you to celebrate your one true love- pizza! Yes, the 9th of February is National Pizza Day. A full day devoted specifically to praising the delectable carb that nearly no one can live without. So now is the time to find out more about National Pizza Day. Even so, for those searching for ways to celebrate the day at work, here are a few ideas to get your creative juices flowing.

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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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New study will explore the impact of economic turmoil on workplace experience

Workplace Insight

People’s workplace experience in the wake of recent economic upheavals is to be investigated as part of a major new survey led by Cardiff University and funded mainly by the Economic and Social Research Council (ESRC). The Skills and Employment Survey 2023 (SES2023), which also involves researchers at UCL, the Universities of Oxford and Surrey and the National Centre for Social Research, will help academics assess the impact of an extraordinary period of turbulence for workers which includ

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Apply for an APA Education Grant to Expand Your Payroll Knowledge

PayrollOrg

Submit your application or nominate a fellow APA member today for one of the eight payroll education grants available this year. Application deadline is February 24, 2023.

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27% find the workplace best to discuss mental health

Employee Benefits

More than one in four (27%) full-time employees find the workplace to be the best space in which to discuss mental health , according to research carried out for Time to Talk Day (Thursday 2 February). This was higher than talking about it at local cafes (21%), the pub or gym (17%) or a library (9%). The survey was conducted by Mind, Co-op, Rethink Mental Illness in England, See Me with Scottish Association for Mental Health, Inspire and Change Your Mind in Northern Ireland and Time to Change Wa

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How Corporate Education Can Enhance Your Employee Experience

Vantage Circle

Today, humans receive more information in a few days than they received in a lifetime in the last century. The dynamic external environment forces constant improvement. Often the knowledge received at university is not enough, and corporate education comes to the rescue. Corporate education of personnel is a way for the organization's employees to gain new knowledge and improve their skills.

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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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6 tips to help employees manage out-of-pocket expenses

Benefit Resource Inc.

Offering pre-tax benefits is the first step in helping employees lower out-of-pocket expenses, but employers should also make sure to explain the associated financial benefits. Employees have a better chance of managing out-of-pocket spending when they understand how their out of pocket expenses can be reduced and what type of savings will come along with that.

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A New Normal? Omnibus Bill Extends High Deductible Health Plan Telehealth Safe Harbor

Proskauer's Employee Benefits & Executive Compensa

The Consolidated Appropriations Act of 2023 (“CAA 2023”), signed into law on December 29, introduced sweeping reforms to the employee benefits landscape. Not only do the CAA 2023’s “SECURE 2.0” provisions make some significant changes for retirement plans , but CAA 2023 also extends the telehealth plan safe harbor for high-deductible health plans (“HDHPs”) that were first introduced in the 2020 CARES Act.

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EMPLOYEE RETENTION STRATEGIES TO HELP YOU KEEP YOUR TALENT AND SAVE MONEY

Employee Benefits

“When you use a recruitment agency to find new talent, you can expect to pay between £10,000 and £12,000 in fees each time. Add in the hidden expenses associated with people’s time to support onboarding, equipment, and training, and that could cost could climb to £20-30,000 every time you bring someone new into your business”. Tom Nash, HR Business Partner, Sodexo Engage In this blog, we take a look at: why does employee retention matter, defining where you are, supporting employees during the c

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10 Effective Company Core Values Examples To Take Inspiration From

Vantage Circle

Let me guess. Your organization is planning to create a new set of core values or revamp the existing ones. But you are at a loss for where to start and searching for some company core values examples. Don’t worry. We have your back. You are probably already aware that defining company core values is crucial to ensure that your organization’s culture aligns with your mission and vision.

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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.