Patriot Software
AUGUST 1, 2022
Pay frequency is one of the first decisions you must make when you hire your first employee. If you haven’t thought about payroll frequency, now’s the time to start. Employee satisfaction, legal compliance, and cash flow may depend on it. If you’re asking yourself what is pay frequency, no worries. You’re likely already familiar with […] READ MORE.
Achievers
AUGUST 4, 2022
Today’s job seekers are looking for a lot more than just a pay bump. Salaries matter, but if given the choice between working at an organization that offers higher pay and one with a reputation for providing a variety of exceptional incentives and other forms of recognition, many employees would choose the latter. That’s why taking a holistic approach to the value your company offers employees — rooted in the concept of total rewards — is so important when it comes to attracting, engaging, and r
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TLNT
AUGUST 4, 2022
Once upon a time, a significant percentage of organizations had policies against re-hiring former staff. These are people the HR community brands ‘boomerangs.’.
Proskauer's Employee Benefits & Executive Compensa
AUGUST 5, 2022
Since the Supreme Court’s ruling in Fifth Third Bancorp v. Dudenhoeffer , courts around the country have overwhelmingly rejected ERISA fiduciary-breach claims by 401(k) plan participants seeking relief related to investments in company stock funds. The Seventh Circuit recently continued that trend by affirming the dismissal of claims brought by participants in the Boeing 401(k) plan, but did so on grounds that (i) the fiduciary responsibilities associated with the company stock fund had been de
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Performance reviews are a proactive way to engage with your employees, provide clear communication about expectations, and acknowledge them for their hard work. But getting the right framework and creating consistency across your organization can be tricky. We put together this checklist to help you evaluate your current performance review process and equip managers with the right tools to perform individual assessments.
BetterUp
AUGUST 3, 2022
Jump to section. What are goals? Why is it important to set realistic goals? How to set realistic goals. How to set achievable work goals. 10 examples of realistic goals. 5 questions you should ask yourself before setting goals. 8 skills required for goal setting. Moving forward: 5 values you should have for goal setting.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
TLNT
AUGUST 5, 2022
Call for cashiers to be allowed to sit on the job. Cashiers in US supermarkets should be allowed to sit on stools or seats while working – but they don’t under current working practices, claims The Press Herald. It notes that cashiers in supermarkets around the world are routinely allowed to sit, even though US workers do not (the only exception being German-based Aldi, which operates some 2,000 stores in the United States, and uses European-style checkouts, allowing its employees to sit).
Proskauer's Employee Benefits & Executive Compensa
AUGUST 3, 2022
On August 3, 2022, in a welcome and surprising move, the IRS released Notice 2022-33 , providing for an extension for qualified retirement plans to adopt amendments under the Setting Every Community Up for Retirement Enhancement Act of 2019 (“ SECURE Act ”), the Bipartisan Miners Act of 2019 (the “ Miners Act ”) (which provided defined benefit plans with an optional reduction in the minimum age for in-service distributions from age 62 to 59½), and the Coronavirus Aid, Relief, and Economic Securi
HR Digest
AUGUST 4, 2022
We have all heard that the most important thing in business—is the golden rule—which is to treat people the way you want to be treated. But does the platinum rule suggest that? Well, we don’t think so. . It’s easy to get caught up in the day-to-day, getting through your tasks and projects, and not taking the time to think about how your actions impact others.
InterWest Insurance Services
AUGUST 5, 2022
As the 2023 group health open enrollment season nears, more employers have heard concerns among their staff and are focusing on affordability and easier access to health care services, according to a new study. Mercer’s “Health & Benefit Strategies for 2023” study, which surveyed more than 700 employers, found that more than two-thirds of businesses are planning to improve their health benefit options to better compete for talent.
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Are you looking for ways to enhance your employee value proposition? Gallagher Better Works SM Insights has got you covered! Dive into the latest magazine issue and discover how flexibility, equity, recognition and strategically applied resources can improve your total rewards package. Download the PDF to learn more about: Building retirement benefits for a global and mobile workforce Promoting employee and organizational growth through succession planning Empowering women in leadership through
Business Management Daily
AUGUST 4, 2022
Have you ever found yourself sitting in the parking lot dreading going to work? Does thinking about work make you physically ill? Did you ever consider quitting a job you once enjoyed? You may have experienced a toxic work environment. The problem is prevalent, with more people dealing with it than you think. Since most of us spend about half of our waking hours at work, there’s plenty of time for workplace dysfunction to emerge.
AssuredPartners
AUGUST 1, 2022
With the issuance of Rev. Proc. 2022-34 , the IRS announced the 2023 indexing adjustment percentage for determining affordability of employer-sponsored health coverage under the Affordable Care Act (ACA). The percentage is adjusted annually for inflation and will be set at 9.12% for plan years beginning with January 1, 2023. This represents a substantial decrease from 2022’s 9.61%, which may in turn cause many employers to have to reduce their employee contributions to accommodate the adju
HR Digest
AUGUST 3, 2022
There are many types of listening that can change your life and work. In this article, we describe 7 different types of listening that can affect the way you communicate with other people. All the types of listening skills are equally important and you should apply them all in your communications. . Discriminative listening . Discriminative listening is the first type of listening skill that we are born with.
InterWest Insurance Services
AUGUST 2, 2022
How effective is your insurance program? This question is answered by completing a Total Cost of Risk analysis, at which time the answer will be qualitative. A + B + C = Total Cost of Insurance. What is TCOR? The Total Cost of Risk, or “TCOR,” equips business owners with tools to analyze how their insurance program impacts their Financial Leakage. Engineers use triangles in construction to fortify buildings, bridges, and other projects due to their inherent strength.
Advertiser: Paycor
HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.
Kollath CPA
AUGUST 5, 2022
According to Understood.org, “An inclusive workplace is one where people with all kinds of differences and disabilities feel welcome and valued for their contributions.” To be truly inclusive, an organization must embrace the diversity of its employees and promote a sense of belonging. As explained in an Ultimate Software report, “Diversity is being invited to the party; inclusion is being asked to dance; belonging is dancing like no one is watching.” When employees feel
BetterUp
AUGUST 1, 2022
Learning to negotiate is a valuable life-long skill. From buying a car or renting a home, to hashing out the terms of a new job, there are plenty of opportunities to negotiate.
PeopleKeep
AUGUST 3, 2022
To remain successful, organizations need to innovate and grow. Hiring top talent is essential to growing your organization, but promoting internally is a win-win for both you and your happy employees who can move up and fill vacant positions. One of the best ways to ensure your organization continues to evolve is to invest in employee development plans that equip your current employees with new skills and experiences so that they can move up and you can focus on hiring entry-level employees.
InterWest Insurance Services
AUGUST 5, 2022
For the third year in a row, California Insurance Commissioner Ricardo Lara has rejected the Workers’ Compensation Insurance Rating Bureau’s proposal for a workers’ compensation rate increase, and has ordered instead that benchmark rates remain the same. Lara rejected the WCIRB’s proposal that benchmark rates increase 7.6% for policies incepting on or after Sept. 1, saying that there was not enough data to support such a large increase.
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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?
Vantage Circle
AUGUST 5, 2022
Culture eats strategy for breakfast. That's a common (and true) phrase we all have heard. But there's a catch. Your culture won't hold up well over the next ten years unless it is flexible and prepared to adapt to any scenario. In today's world, culture only won't suffice, and you need an adhocracy culture. What exactly is an adhocracy culture?
BetterUp
AUGUST 1, 2022
Jump to section. What are friendship goals? Why are friendship goals important? The many types of friends. How to achieve friendship goals. Examples of friendship goals. Never underestimate the importance of true friendship.
PeopleKeep
AUGUST 3, 2022
As an employer, you know that benefits and compensation can come in various forms—and in today’s tight labor market, offering a variety of different benefits is essential to recruiting and retaining employees. However, it’s important to keep in mind that when you give employees fringe benefits like a gift card or access to a company car, your employees need to pay taxes on the value of these benefits, which is known as imputed income.
InterWest Insurance Services
JULY 30, 2022
How often do you find yourself wasting time dealing with unexpected emergencies that take you away from what you do best? Time is the only thing we cannot get back. Unexpected emergencies often result in: Loss of production. Loss of sales. Overtime. Project delays or missed deadlines. Turnover, rehiring, re-training. These are some examples of consequential losses to the business; they can seriously impact the profitability of a company.
Advertiser: Barley
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.
Florida Workers' Comp
AUGUST 4, 2022
The 2022 WCI educational conference in Orlando promises to be a great wealth of information and education. I am a fan of the program, having presented there dozens of times over the last 30 years. In the interest of full disclosure. I have served on the Program Committee since 2010 and on the Board of Advisors since its founding in 2019. I have been deeply involved over the years in the founding and fostering of the Judiciary College and the Professional Mediation Institute.
15Five
AUGUST 2, 2022
The market is now saturated with an abundance of employee survey tools and software. Perhaps you’ve already tried a few but experienced much lower than anticipated response rates. Or maybe you aren’t seeing significant outcomes. Some of these surveys are valid and valuable. A few are convenient for employees to take. But how many truly measure employee engagement and will it result in a significant increase?
McDermott Will & Emery Employee Benefits
AUGUST 5, 2022
On July 27, 2022, Senate Majority Leader Schumer and Senator Manchin announced a surprise agreement to move forward with an expanded reconciliation bill titled the Inflation Reduction Act (summary here). The tentative deal includes drug pricing, climate and tax provisions, and expands upon a previous “healthcare-only” version of the reconciliation package that focused solely on drug pricing and a […].
International Foundation of Employee Benefit Plans
AUGUST 2, 2022
The uncertain financial world of today is increasing the concerns of an already stressed workforce. A new International Foundation of Employee Benefits Plan study, Workplace Wellness and Financial Education Programs: Read more > The post Workers Are Stressed Out About Money: 5 Tools to Help appeared first on Word on Benefits.
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Hiring a new employee is an expensive and time-consuming process. According to the Society for Human Resource Management (SHRM), it typically costs $4,425 to hire a new employee — not to mention the 36 days the average team spends trying to fill a position. Yet nearly 1 in 5 employees (16%) of employees quit in their first week — and 17% leave after the first month.
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