Sat.Sep 09, 2023 - Fri.Sep 15, 2023

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Annual pay growth for May to July 2023 rises by 7.8%

Employee Benefits

Annual pay growth , excluding bonuses, from May to July 2023 was 7.8%, according to data from the Office for National Statistics (ONS). Its latest labour market figures revealed that this was the same as the previous quarter, the highest regular annual growth rate since comparable records began in 2001, and in line with market expectations. Annual growth in employees’ average total pay including bonuses was 8.5%, due to NHS and Civil Service one-off payments made in June and July 2023.

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Beyond The 401(k): The Full Potential Of Employee Financial Wellness

Wellable

62% of workers see inflation as a barrier to securing their retirement. How can employers help their workforce navigate modern retirement amid market volatility? The post Beyond The 401(k): The Full Potential Of Employee Financial Wellness appeared first on Wellable.

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10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

Imagine a world where managing employee benefits is no longer a daunting task but an empowering experience for HR teams and employees. With an innovative employee benefits platform, that world becomes a reality. This game-changing platform revolutionizes how organizations administer and deliver benefits, putting the power in the hands of employees. From personalized plan comparisons to easy enrollment and on-demand access to benefits information, this platform empowers employees to make informed

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PayrollOrg Offers Recommendations on Revised Child Support IWO

PayrollOrg

PayrollOrg’s Government Relations Task Force Child Support Subcommittee commented on the proposed revised Income Withholding for Support Order (IWO).

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How Emotionally Intelligent Leaders Drive Business Results

According to Forbes, employees who feel listened to show a 64% longer commitment to tasks. And that’s just for starters. Learn how emotionally intelligent leaders drive business results. Download Paycor’s guide for the full story.

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Alabama Issues Guidance, Proposed Rules on Overtime Pay Exemption

PayrollOrg

The Alabama Department of Revenue has issued guidance to help employers understand the reporting requirements for the overtime pay exemption that goes into effect in 2024. The agency has also issued proposed rules.

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10 benefits of employee engagement: Why it’s so important 

Achievers

There’s a stark difference between organizations that have good employee engagement and those that don’t. One can boast employees who are always excited about tackling the next part of the project, look for innovative ways to add value, and strive to outdo themselves on a daily basis. The other is filled with team members who are just there for the paycheck and are likely keeping an eye out for a more fulfilling position elsewhere.

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77% of employers say competition for talent is key issue influencing benefits

Employee Benefits

Competition for talent was cited by three-quarters (77%) of employers as a key issue influencing their benefits strategy , according to research by global advisory, broking and solutions firm Willis Towers Watson (WTW). Its Benefits trends survey , which surveyed 339 UK organisations across a range of industries about their benefit strategies, also found that despite 45% of UK employees favouring workplace benefits that support long-term finances and retirement, more than half of employer respo

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DOL Opens Comment Period for Proposed ‘White Collar’ Threshold Change

PayrollOrg

On September 8, the U.S. Department of Labor (DOL) announced it had opened the comment period on its proposal to increase the minimum salary level for the Fair Labor Standards Act “white collar” exemptions.

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Wellbeing, flexibility and work-life balance top most employees’ wish list in 2023

Workplace Insight

The latest Employee Wellbeing Data Report [registration] from flexible office provider Mindspace claims that around 9 in 10 employees consider wellbeing facilities and offerings are ‘critical’ when choosing a workplace, and 82 percent expect support from their employers in achieving a work-life balance. The report argues that whilst the trend of ‘quiet quitting’ may be abating and the ‘return-to-office’ mandates are increasing, the survey suggests that attitud

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Fertility Benefits for Every Age: A HR Roadmap from Gen Z to Baby Boomers

Speaker: Lauri Armstrong, SHRM-SCP - Sr. Director, People Operations at Carrot Fertility

Today’s workforce includes multiple generations of employees all looking for something different from their benefits package. While meeting these disparate needs can be challenging, a comprehensive fertility benefit can support everyone from junior staffers learning about their fertility health to senior leadership managing menopause and low testosterone symptoms.

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District Court Replaces Plan Trustees With Independent Fiduciary

Proskauer's Employee Benefits & Executive Compensa

In Su v. Fensler , No. 22-cv-01030, 2023 WL 5152640 (N.D. Ill. Aug. 10, 2023), the court granted the Department of Labor’s motion for a preliminary injunction to replace with an independent fiduciary the trustees of the United Employee Benefit Fund, who are accused of breaching their fiduciary duties by using Fund assets to engage in prohibited transactions.

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Two in five older staff are unaware of their total retirement savings

Employee Benefits

Two-fifths of older employees are unaware of how much they have saved for retirement, according to research by workplace savings and pensions fintech Cushon. Its survey of more than 2,000 employees enrolled into a workplace pension found that older employees have less clarity over the value of their retirement pension pots , as 41% of those aged 55 and above are not sure how much they have saved, compared to almost three in 10 (28%) of all UK staff.

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Top 15 Knowledge Management Software in 2023

HR Lineup

Knowledge management is a critical component of modern business operations. It involves the creation, organization, and distribution of information within an organization to improve decision-making, problem-solving, and overall efficiency. To achieve this, companies often rely on knowledge management software to streamline the process. In 2023, there are several standout options available, each offering unique features and capabilities.

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Most workers are worried about poor indoor air quality

Workplace Insight

Most workers are concerned about poor indoor air quality and close to half think its damaging their health, according to a new survey conducted by Opinium for Spiralite. According to the poll, British workers are mostly concerned about the impact of air-quality on their health (64 percent concerned compared to 36 percent not concerned). One fifth (20 percent) are very concerned, rising to 38 percent of people living in London.

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Modernizing Your Benefits: 5 Trends Employers Need to Know and Act On

Discover 5 key trends derived from Gallagher's 2023 Benefits Strategy & Benchmarking Survey data that give employers an evolved perspective on organizational wellbeing. These insights come from over 4,000 US organizations that are navigating benefits and HR decisions so their people and businesses can thrive. Watch the free recording now!

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Tenth Circuit Adopts “Meaningful Benchmark” Pleading Standard in Dismissing Challenges to 401(k) Plan Fees

Proskauer's Employee Benefits & Executive Compensa

In a case of first impression in the Tenth Circuit, the Court recently joined the chorus of circuit courts in holding that a 401(k) plan participant alleging excessive investment management or recordkeeping fees must assert a “meaningful benchmark” in order to survive a motion to dismiss. In addition to rejecting commonly pleaded “benchmarks” because they were not meaningful, the Court’s ruling is of particular significance because, unlike some other courts, it dismissed the participants’ “shar

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How to address a toxic workplace culture

Employee Benefits

Need to know: Toxic workplace cultures exist in many UK oganisations, with leaders and managers often to blame. Creating a culture where employees can raise concerns is essential to overcoming such environments. Organisations need to think about how they react where examples of toxic behaviour do occur. Allegations of toxicity and harassment at the broadcaster ITV, and of those who raised concerns facing bullying and discrimination, show just how damaging a toxic culture can be, both for those w

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Meet EBN's 2023 Excellence in Benefits winners

Employee Benefit News

Get to know the HR leaders, tech innovators and benefit advisers who went above and beyond in 2023 to support employees and clients.

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The Kafka trap of return to office arguments

Workplace Insight

Recently, I bemoaned how Orwell is often invoked in support of an argument by people who haven’t read him. They are usually drawing on some laundered misperception of his work, and especially Nineteen Eighty-Four. Well, this month I witnessed somebody misapplying the work of Kafka in a similar attempt to make a middlebrow point about the so-called return to office.

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Top HR & Workplace Benefits Trends to Improve Employee Satisfaction + Family Health

Speaker: Hayley Doran - Chief Growth Officer, Group Benefits Humana | John Lahr, OD, FAAO - Medical Director EyeMed | John Yamamoto, DDS, MPH - Director of Clinical Innovations at Humana

Discover how to unlock the power of early childhood dental and vision care to boost children’s health and employee satisfaction. As employees negotiate benefits - either as new recruits into a company or for retention purposes - oral and vision care for employees and their families is becoming an increasingly common request. Benefit providers are fielding more and more questions from HR leaders on how to offer flexible benefits and convenient access to oral and vision care for children and famil

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13 Best Technical Assessment Tools for 2023

HR Lineup

In today’s fast-paced technology-driven world, hiring the right talent is crucial for the success of any organization. Technical assessments play a pivotal role in evaluating the skills and capabilities of potential candidates. As we step into 2023, the demand for skilled tech professionals remains high, making it essential for businesses to utilize the best technical assessment tools available.

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Lovewell’s logic: Supporting staff who are childless not by choice

Employee Benefits

This week (11-17 September) is World Childless Week , which is aimed at raising awareness of those who are childless not by choice. According to figures published by the Office for National Statistics (ONS) in January 2022, in the UK, 18% of women who reach the end of their childbearing years do not have children. However, even as family compositions and demographics have changed over the years, childlessness remains something of a taboo subject.

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Union strikes from California to New York: Why nurses are demanding better pay and safer work conditions

Employee Benefit News

Three nurses share their stories, revealing why these healthcare workers are struggling to stay afloat amid unsafe working conditions.

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Is the Flexible Working Bill a game changer or paper tiger?

Workplace Insight

As LinkedIn data has shown, demand for work flexible working is high. And it outpaces the current availability of remote work offers. In the UK alone, listings for remote jobs have increased by 277 percent. Job postings for hybrid or remote positions received an increase in applications (189 percent) over in-office roles. People want to work remotely for various reasons.

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The Buyer’s Guide to HR & Payroll Technology

Choosing an HCM partner is one of the most important decisions you’ll make because time is one of your company’s most strategic assets. How do you want to spend your time?

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The Impacts of Worker Shortage in Logistics in New Zealand

Global People Strategist

New Zealand is a country with an exemplary government and legislative structure. While the country remains the top choice for many immigrants, recent challenges have led locals and immigrants to revisit their ideas. Logistics is one of the core industries contributing to the economy of New Zealand. Dealing with the post-COVID effects, the country is severely struggling to keep up with labor demands in the logistics sector.

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Safe and Sound receives funding to support staff wellbeing

Employee Benefits

Derbyshire-based child exploitation charity Safe and Sound has received British Safety Council funding to support and improve its employees’ wellbeing. The £10,000 funding was awarded to Safe and Sound through British Safety Council’s Keep Thriving campaign to improve workplace wellbeing, and will be used by the charity to implement wellbeing strategy and plans such as bespoke training, team building and wellbeing workshops.

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Are you a 'bad boss'? What Elon Musk and Jimmy Fallon are revealing about toxic workplaces

Employee Benefit News

Don't create an unhealthy work environment for your employees, like these now-notorious bosses. Here's how to behave better and lead with kindness first.

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10 Best Freelance Management Software in 2023

HR Lineup

In today’s ever-evolving job market, the freelance economy continues to flourish. More professionals are opting for freelance work, and businesses are increasingly relying on freelancers to meet their project needs. Managing a freelance workforce efficiently has become crucial, leading to the emergence of various freelance management software solutions.

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Why Menopause Should Matter to Today’s Employers

Speaker: Julie B. Chavez - VP, Strategy & Alliances at Carrot

An estimated 1.1 billion women worldwide will have experienced menopause by 2025. Symptoms like hot flashes, fatigue, and anxiety can be incredibly disruptive — and last for years. But despite its massive impact, little is being done to support those going through menopause in the workplace. In a recent survey, 70% of respondents said they have considered changing their employment to better manage symptoms — perhaps because only 8% received significant support from their employer related to meno