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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Using an HSA to Save for Health Care in Retirement

Saving for retirement is no easy task, and as an employer we know you want to help your employees get what they need out of their retirement benefits. With a health savings account (HSA), you can relieve the burden of health care costs for both you and your employees. With our new report, “Using an HSA to Save for Health Care in Retirement,” you can get insights on the costs of a modern retirement and dive into the details of the triple-tax benefits HSAs offer.

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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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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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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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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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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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Creating a Company Culture of Care: Integrating Mental Health, Wellbeing, and DEI in Benefits

Speaker: Sean Raible

Picture a workplace where physiological safety is not just an aim but a reality, driven by thoughtful employee benefits that prioritize mental health, wellbeing, and DEI. 🤔 ✨ Achieving this vision requires more than just occasional training sessions and employee assistance programs. Moving beyond the basics, this vision calls for a holistic approach that integrates these elements into your company culture as well as your HR and benefits strategy.

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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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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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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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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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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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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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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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Camera-On Or Camera-Off? The Psychology Of Virtual Meeting Fatigue

Wellable

Camera usage can increase fatigue and decrease engagement, especially for women and new employees according to recent APA research. The post Camera-On Or Camera-Off? The Psychology Of Virtual Meeting Fatigue appeared first on Wellable.

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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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6 Strategies to Navigate Social Determinants of Health for a Better Workplace

In today’s dynamic work landscape, where the lines between personal and professional life blur, understanding the intricate interplay between social determinants of health (SDoH) and emotional wellbeing is paramount. Employers must acknowledge that the whole person comes to work and every aspect of a person’s personal and professional life, especially their mental health, comes with them.

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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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Will the UAW Demands of a 4-day Workweek be Met by the Big 3?

HR Digest

The United Auto Workers (UAW) negotiations have not drawn to a close, despite an extended wait for the Big 3 to accept the clearly stated UAW demands. This has led to the union’s first simultaneous strike against all three companies, with picket lines at a Ford plant in Michigan, a Stellantis plant in Toledo, and a General Motors plant in Missouri, according to The Washington Post.

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Learn the dos and don’ts of open enrollment

WEX Inc.

Open enrollment is around the corner for many of you. It’s your best chance to evaluate your healthcare needs and identify opportunities to better support yourself and your family. However, a whopping 92 percent of employees stick with the same elections they had the previous year, no matter what changes have taken place in their lives. If you’re one of that majority, you may be missing out on multiple ways to save, either through the health plan you choose or through the benefits you enroll in.

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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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HR Trends to Watch in 2024 + Plus Advice for Driving Impact!

The pressure is on to create a positive onboarding experience. Plus, a sub-par onboarding process can domino into other concerns such as low performance, burnout (for you and new hires), and retention challenges. Our 2024 State of HR report will give you a realistic picture of the HR landscape and tips to onboarding effectively in the year to come.

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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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The Truth About Remote Workers And Time Off

HR Digest

With the rise of remote working after the world stood still in the midst of a pandemic, more professionals opted for the flexibility and convenience it offered. There have been many misconceptions about how remote workers spend their 8 hours of pay but a big one has been that WFH employees are more likely to take time off compared to their on-site counterparts.

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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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A meeting of the minds: AI and employee mental health

Employee Benefit News

New AI-based chatbot solutions are supporting those with mental health struggles by helping build coping skills and reframing negative thinking.

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Improving Access To & Utilization Of Cancer Screening With Color

Discover how Color's comprehensive care solution is revolutionizing cancer screening adherence and knowledge. Through an in-depth case study, Color's unique approach to comprehensive cancer care has shown significant benefits in increasing screening rates and enhancing patient knowledge. Participants reported a 2-3x increase in adherence to screening guidelines over just 8 weeks, with 84% of participants increasing their familiarity with timing and frequency of cancer screening.