Sat.Jan 21, 2023 - Fri.Jan 27, 2023

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COST-EFFECTIVE EMPLOYEE BENEFITS: HOW TO GET MORE FOR LESS

Employee Benefits

The cost-of-living crisis doesn’t just impact employees. Businesses feel the strain, too – some more than others. A YouGov survey highlights the areas where Brits are cutting back on their spending to afford the rising food and energy bills. These cuts will impact some businesses more than others causing them, in turn, to tighten their budgets. In this blog, we take a look at: making business savings, financial education and changing habits, using benefits to fund benefits, and making employee b

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Paid Vacation/PTO Offerings—Time to Check Those Balances!

International Foundation of Employee Benefit Plans

The calendar flipped from December to January, setting off the annual rush of workers checking their updated time-off balances. Dreary January days (like those in Wisconsin today) give workers the. Read more > The post <strong>Paid Vacation/PTO Offerings—Time to Check Those Balances!</strong> appeared first on Word on Benefits.

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15 individual coverage HRA FAQs

PeopleKeep

While traditional group health insurance is the standard route for many employers, it can be too expensive for some organizations, and too rigid for employees who are looking for flexibility and personalization in their health benefit. The individual coverage health reimbursement arrangement (ICHRA) is a unique health benefit that enables businesses of all sizes to offer affordable health coverage to their workers.

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State Electronic/Magnetic Media W-2 Reporting Deadlines Are Approaching

PayrollOrg

Most states require Forms W-2 to be filed with their tax departments electronically or on magnetic media by January 31, 2023. The due dates are in February for the other states with electronic and magnetic media Form W-2 reporting requirements.

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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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Benefits of Payroll Systems for Small and Medium-Sized Businesses and Startups

Qandle

Why don’t more people know about the magic formula for efficient workplace procedures? It means giving one’s all in every endeavor. In what ways may firms improve their resource management thanks to HR? The correct response is “everything.” Managing human resources may be exciting, but it’s also a lot of work, particularly if you use outdated methods like paper-based spreadsheets and manual payroll.

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Ideal launches employee engagement strategy

Employee Benefits

Brighton-based smart buildings technology business Ideal has introduced an employee engagement and happiness programme for its 60 members of staff. Run by The Happiness Index, the digital platform was designed to boost people strategy by improving performance and cultural health. Ideal employees can access more than 20 pre-built neuroscience-backed surveys, which help to create actionable insights to drive people strategy.

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IRS Opens IRIS Portal to File Forms in 1099 Series

PayrollOrg

On January 25, the IRS opened its new Form 1099 filing portal, the Information Returns Intake System (IRIS). IRIS can be used by businesses that have received their IRIS Transmitter Control Code (TCC).

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District Court Rejects Participant’s Attempt to Stop Plan From Recouping Overpayments

Proskauer's Employee Benefits & Executive Compensa

In Kanefsky v. Ford Motor Co. Gen. Ret. Plan , No. 22-cv-2259, 10548 U.S. Dist. 2023 WL 186800 (E.D. Mich. Jan. 13, 2023), the court granted a motion to dismiss a pension plan participant’s claim that the plan was equitably estopped from recouping overpaid plan benefits. Upon termination of his employment, the participant requested and received from the plan a disclosure estimating that his pension would be $6,225.24 per month.

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How Emotions Affect Learning: The Impact of Emotions

BetterUp

Jump to section What are emotions? The 8 basic emotions How emotions affect learning Examples of how emotions affect learning 4 ways to use emotions to promote learning Embrace every emotion Let’s face it — we’re emotional beings first, rational beings second. Our emotions dictate how we react to situations, decide where to focus our attention, and decipher information.

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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 benefits offered by Wave

Employee Benefits

The benefits on offer at Wave: Pension A master trust pension scheme for all employees. Those aged 22 and over are auto enrolled, but it is open to all employees. Matching contribution levels: 3% employee contribution, 6% employer; 4% employee 8% employer; 5% employee and 10% employer. Employees can contribute as much as they wish as long as it does not take their take-home pay below the minimum wage.

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APA’s Past, Present, Future—Bright, Brighter, Brightest Yet

PayrollOrg

Discover what makes Executive Director Dan Maddux a great leader and mentor and how he continues to be a positive influence in the lives and careers of the payroll professionals and staff he’s come across during his tenure with the APA.

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New York District Court Rejects ERISA Excessive Fee Claims as Insufficient

Proskauer's Employee Benefits & Executive Compensa

A district court in New York recently dismissed a putative class action challenging retirement plan recordkeeping and investment management fees. The case is Singh v. Deloitte LLP , No. 21-cv-8458, 2023 WL 186679 (S.D.N.Y. Jan. 13, 2023). The court’s decision adds to the growing number of Second Circuit district courts relying on out-of-circuit appellate decisions to dismiss excessive recordkeeping and investment management fee claims for failure to plead proper benchmarks against which to mea

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Bisley debuts at Stockholm Furniture Fair

Workplace Insight

Bisley is to present its first ever showcase at the Stockholm Furniture Fair (7-11 February 2023), illustrating the multitude of innovative ways in which the brand’s collections can support and enhance home working. Organised in four zones, the stand will focus on key products which tell the story of Bisley’s wide-ranging expertise in designing and manufacturing office furniture solutions, at home and in the workplace.

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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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How to effectively recognise remote workers

Employee Benefits

Employers should first identify how employees want to be recognised for their efforts so what they offer resonates with them. Regular communication can be an effective way to support remote workers and adjustments should be made for those who raise concerns. Employers should avoid any risk of proximity bias, whereby they provide more benefits to staff who are right in front of them and, whether it is intentional or not, adopt an out-of-sight, out-of-mind attitude for remote staff.

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17 Items That Need To Be Included In Your Employee Handbook

Genesis HR Solutions

Just how important is an employee handbook? It wouldn’t be an exaggeration to say that, actual employees aside, it may be the most important part of your organization. Handbooks help manage your employees and keep your business compliant with the ever-growing list of employment rules and regulations. But simply having an employee handbook is not enough.

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HR Resources to Explore During Black History Month and Beyond

BerniePortal

February is Black History Month , and it’s a great opportunity to celebrate the contributions of Black Americans to our culture, society, and industry. In honor of Black History Month, BerniePortal has compiled a list of some of our favorite Black voices in the HR space who offer resources to help you grow professionally and help your organization thrive.

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Offices valued as a place to get work done, not just connect

Workplace Insight

The latest Workplace Survey from the Gensler Research Institute sets out to explore how employees are spending their time as they return to the office, how offices can more successfully support them, and the strategic design interventions that will have the biggest impact on the workplace experience. As companies consider the future of their workplaces, the new data suggests that U.S. employees are looking for offices that are both highly effective and offer a desirable mix of experiences.

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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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Ambulance staff strike over pay

Employee Benefits

Thousands of ambulance workers across Britain commenced strike action today (23 January) over a dispute over pay. More than 2,600 members of trade union Unite in the West Midlands, North West and North East of England will walk out, while a further 1,000 will strike in Wales. The ambulance staff, including those in vehicles, call centres and control rooms, voted by up to 92% for strike action, with 88% of Welsh staff voting yes.

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The Benefits, Responsibilities, and Qualities Of A Chief Experience Officer

Vantage Circle

They are problem solvers, multi-talented, multi-skilled, and ready for a wide range of challenges. They distinguish themselves not just by excelling at a certain few areas but rather by their versatility. They are the Chief Experience Officers (CXO). If you are one of those aiming to hire a CXO, here are some details that should help you. Customer and employee experience are two of the most powerful factors in business.

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Popular virtual care options for today’s workforce

Insperity

In a world of remote work, it’s only natural that there would be increased interest in virtual health care. But, the value of a virtual care option goes beyond a fad and should be considered if you’re actively evaluating how to improve your health care benefits offerings for employees. What is virtual health care? Virtual care allows employees to access the health care system and other health-promoting resources remotely via computers, tablets and smartphones.

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Hybrid working remains a key recruitment tool

Workplace Insight

Over four in five (83 percent) HR professionals across the UK say that hybrid working is essential in attracting the best talent, according to a new survey from flexible workspace operator IWG. The poll of 500 UK HR professionals suggests that benefits like hybrid working, which give employees a better work/life balance, are crucial for attracting talent.

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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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Podcast: Wave designs a benefits proposition in response to employee need

Employee Benefits

Employee Benefits · Employee Benefits/Wave podcast Listen: A fairly young organisation, national water supplier Wave, has always ensured that employee wellbeing is weaved into the fabric of the business. Since its launch in 2017, the organisation has ensured that its benefits proposition offers staff a range of wellbeing support for any circumstance.

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Who Should Live?

Florida Workers' Comp

There is a continuing and intriguing debate regarding euthanasia. It has persisted in this county for some time but really came to prominence late in the twentieth century when Dr. Jack Kevorkian was engaged in assisting suicide. He was charged and tried, but conviction was elusive. He was finally convicted in Michigan after assisting in a death that was recorded for posterity.

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Investment in LACE Partners to provide “supercharged” specialist consultancy services for CHROs

LACE Partners

Leading HR consultancy LACE Partners has today announced a significant investment from private equity business Mobeus. Co-founders of LACE, Aaron Alburey and Cathy Acratopulo, said it will help to ‘supercharge’ the business ahead of increasing demand for strategic HR services from businesses across all sectors. This represents the first external investment for LACE, which has grown rapidly since the end of the 2020 global pandemic.

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4 Surprising Financial Facts About Millennial and Gen Z Employees

Best Money Moves

4 surprising financial facts about millennial and gen Z employees. Your Millennial and gen Z employees are struggling with unique financial issues. Here are 4 things to know about the youngest members of your team. Millennial and Gen Z employees struggle with unique financial issues and are turning to employers for help. A recent, in-depth survey conducted by Prudential Financial found that many employees in the younger generations are seeking additional financial assistance in order to bring st

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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.