Sat.Nov 19, 2022 - Fri.Nov 25, 2022

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6 types of employee rewards and how to use them

Achievers

What motivates you? Ask 100 employees, and you’ll get 100 unique answers. Maybe it’s the prospect of working on something they’re passionate about. It might be an organizational culture that makes them feel like they really belong. And some simply keep striving for a steady paycheck with the promise of raises, bonuses, and other financial incentives.

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How to engage staff with a total reward offering

Employee Benefits

To engage employees with a reward package , it needs to be clearly communicated, easy to understand and impactful in order to show its true value. The increasing use of personal devices to access benefits means that digital methods are often more effective. Factoring reward package reviews into formal milestones, such as six-month reviews or probation periods, can improve engagement and employees’ awareness of what is on offer.

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HR 101: Laid off? Here's how to manage your 401(k)

Employee Benefit News

401(k) 88
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Paul Kelly: The importance of gender pay gap reporting for businesses

Employee Benefits

The government’s latest pay gap report, HMRC gender pay gap report 2021 , which was published on 27 January 2022, revealed that in 2021, women earned 90 pence for every £1 earned by a man. Following this, there is increasing pressure for employers not just to report the numbers but instead understand the reason for the gap. The gender pay gap is the difference between average male and female pay within individual organisations and across the UK as a whole, this is normally expressed as a percent

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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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Two-thirds of female-dominated professions have a gender pay gap

cipHR

Most popular occupations in the UK – including those with a high proportion of women in the workforce – have a pay gap that favours men, according to new analysis. HR systems provider Ciphr reviewed the latest gender pay gap estimates from the Office for National Statistics (ONS) to identify which female-dominated occupations (with workforces of 50,000 or more) have the widest and narrowest gender pay gaps in 2022.

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Why Don’t Men Use EAPs?

International Foundation of Employee Benefit Plans

Recommendations on improving EAP use by men. The post Why Don’t Men Use EAPs? appeared first on Word on Benefits.

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6 ways to ensure women have workplace flexibility

Employee Benefit News

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Striking a balance between protecting mental health and prioritizing productivity

Employee Benefits

Author: Jennifer Gendron- Global Chief Commercial Officer at Koa Health – Employee Mental Health and Wellbeing Solutions. As businesses become more aware of the explicit and implicit demands of their workforce–employee mental health has become a company priority. The World Health Organization reports that an estimated 12 billion working days [1] are lost annually due to depression and anxiety, costing companies $1 trillion worldwide.

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My Ten Key Take-Aways From the 2022 AFCPE Symposium

Money Talk

Attendees at the same professional conference have different take aways depending on their lifestyle, job responsibilities, subject matter knowledge/skill set, and other personal characteristics. We all filter new information through these lenses. When information comes at a “teachable moment,” interest in, and attention to, a presentation dramatically increases.

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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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Employee personnel files — what should and shouldn’t be included

Business Management Daily

As any human resources professional will attest, managing every employee’s employment life cycle involves a good deal of paperwork. Knowing what to keep and the location of each document is vital to easy retrieval and to maintaining compliance with government and industry regulations. Setting up employee personnel files is an important part of the recordkeeping process.

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How to Build Right Workplace Culture for Remote Employees

HR Digest

What makes a great virtual team? If you’re asking that, chances are you’re not getting the answer you want. Building the right workplace culture for remote employees can be a challenge. A lot of people think the secret to building a great remote team is to put people together and hope for the best. It’s true that some teams do better than others, but it’s not always clear why.

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ERISA Fee Complaint Dismissed in Pennsylvania District Court, Extending Favorable Trend

Proskauer's Employee Benefits & Executive Compensa

In Krutchen v. Ricoh USA , No. 22-cv-678, 2022 U.S. Dist. LEXIS 206792 (E.D. Pa. Nov. 15, 2022), a Pennsylvania district court dismissed an ERISA excessive fee complaint for failing to provide enough information about alleged comparator plans that allegedly paid less for recordkeeping services. The decision is notable for delivering defendants a victory in the Third Circuit, which previously allowed excessive recordkeeping claims to survive dismissal in Sweda v.

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Learning How To Improve Emotional Maturity

BetterUp

Jump to section. What is emotional maturity? Signs of emotional immaturity. Factors that contribute to emotional immaturity. How to improve emotional maturity. Growing toward emotional maturity.

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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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Harrods security guards strike in pay dispute

Employee Benefits

Credit: I Wei Huang / Shutterstock.com. More than 50 uniformed security guards and CCTV operators employed by luxury department store Harrods have commenced strike action over a pay dispute , starting at 12pm today (Friday 25 November). The employees, who decided on strike action following a one-year 7% pay offer, also warned of demonstrations outside the store’s Knightsbridge entrance on 26 and 27 November and 3, 4, 10, 11, 17, 18, 23, 24 and 26 December.

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7 Signs You Are an Empathic Leader

HR Digest

Empathy is a must-have for any leader who wishes to excel in their leadership role. Anybody can fall under this category and have this skill within them. However, there are some tips and tricks of an empathic leader if you wish to be one. In this article, we explain what empathetic leadership looks like and some of the tips and tricks of an empathic leader.

IT 105
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Boomerang Employees: All You Need To Know About Them

Vantage Circle

Not long ago, the concept of boomerang employees was a little out of the ordinary. Such workers were sometimes stigmatized, with the notion that they couldn't "make it" outside the safe haven of their former employer. Even the employers preferred not to rehire those who had freely quit their positions. But today, when employers scramble to fill recurring vacancies in their workforces, these so-called " boomerang employees " are finding a more accepting audience.

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Characteristics of a Determined Person: How to Develop

BetterUp

Jump to section. What makes a person determined? The importance of determination in your life. Main traits of a determined person. How to become a determined person. Becoming a determined person.

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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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West Midlands Metro staff accept up to 20.1% pay deal

Employee Benefits

Credit: Alex Daniels / Shutterstock.com. Crew members employed by West Midlands Metro have called off strike action after accepting an improved pay offer. Under the pay deal, existing tram crew with 12 months or longer of service will receive a 20.1% pay increase by April 2023, with 15% of it backdated to June 2022. New tram crew will see their wages rise by 13.7% by April 2023 and all other grades will receive a 10.5% pay increase.

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IN Magazine Supplement: internal communications for hybrid working cultures

Workplace Insight

One of the many important talking points of The Great Workplace Conversation and the widespread adoption of hybrid working over the past three years has been how we talk about change. Whenever anybody refers to people ‘returning to work’, they can expect to be corrected by somebody else pointing out that most people never stopped working during the various lockdowns.

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The Impact of a 4-Day Work Week

HR Digest

The trend surrounding a 4-day work week is increasingly becoming popular with many organizations and countries currently on the reduced work week trials. The need to create a work environment that can boost employee productivity and also lead to business success has led many organizations to give this strategy a shot. While no one saw the need for a four-day workweek in previous years, it’s hard to deny that many organizations need it now more than ever.

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How To Be Content With Life: 6 Tips

BetterUp

Jump to section. What does it mean to be content? The benefits of being content. How to achieve contentment. Is there a difference between happiness and contentment? Filling your life with contentment.

IT 105
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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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Mitie introduces £10 million staff support package

Employee Benefits

Facilities management and professional services business Mitie has launched a £10 million winter support package to help its workforce with the rising costs of living. The employer stated that it is focusing its support on those who need it most, with 40,000 of its lowest-paid employees set to benefit. As of this month, Mitie has launched a new £1,000 bikes-for-work scheme.

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EU approves major funding increase for new circular economy and clean energy projects

Workplace Insight

The European Commission has approved more than €380 million of funding for 168 new projects across Europe as part of its LIFE Programme for the environment and climate action. As part of the European Green Deal, it believes that the projects funded can help the EU become climate-neutral by 2050 and reach climate, energy and environmental goals. They aim to support biodiversity, nature restoration and a circular economy while contributing to the clean energy transition across the continent.

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Why Managers Should Build A Culture of Trust at Work

HR Digest

Trust culture at work is one important thing many leaders in the workforce fail to achieve, and they end up losing valuable employees for themselves. Trust can’t be bought, however, it can be earned, and that’s why it is an important topic that can’t be completely ignored. I remember working with a boss of mine a while back. He would always ask me to discuss my ideas with him prior to starting any task.

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How To Make Friends Online: 8 Tips

BetterUp

Jump to section. The importance of good friends. Using our time online with purpose. How to make friends online. Pros and cons of meeting people online. Build meaningful friendships online.

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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.