Sat.Sep 07, 2024 - Fri.Sep 13, 2024

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Understanding employee turnover rates

Achievers

Employee turnover rates are a crucial metric for organizations to monitor, as they show how frequently employees leave the company. Beyond just tracking numbers, understanding turnover rates requires identifying the root causes of employee departures and developing effective retention strategies in response. In this article, you’ll learn the common reasons for high employee turnover, how to develop an effective formula to measure it, and actionable strategies to mitigate it.

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A data-driven approach to health plan management for SMBs

Employee Benefit News

Information is being leveraged to inform and guide decision-making in the face of escalating healthcare costs without much transparency and accountability.

Insiders

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Redefining employee experience: What’s changed and why it matters

Insperity

Employee experience may sometimes feel like a buzz word to describe a never-attainable target of an ideal workspace where employees are happy, nurtured, fulfilled and productive 100% of the time. That sounds amazing, but it doesn’t really reflect the reality of focusing on employee experience or, more specifically, the evolution of employee experience and how to make strategic changes to nurture your workforce and move engagement – and ultimately your bottom line – in a positive direction.

IT 87
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ACA Affordability Percentage Increases to 9.02% for 2025

PayrollOrg

The IRS released its annual inflation adjustment to the percentage of household income used to determine whether an employer’s offer of health care coverage under the Affordable Care Act (ACA) is affordable.

IT 118
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Reduce Bias in Hiring: Structured Interview Questions for Employers

Structured interview questions are a valuable tool for reducing bias in hiring. They help: Ensure all candidates are asked the same questions in the same way Level the playing field so all candidates have a fair chance of being successful Improve credibility, reliability, and validity Download the guide to get the most out of your interview questions!

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Does The ICHRA Satisfy The Employer Mandate?

PeopleKeep

If the federal government considers your organization an applicable large employer (ALE), you’re subject to specific Affordable Care Act (ACA) rules. Navigating the ACA can be difficult, especially if it’s your first time. But, understanding the employer mandate is especially important to avoid steep penalties. The employer mandate requires ALEs to offer employee health coverage that meets specific affordability and value standards.

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Digital transformation efforts yet to translate into greater productivity at many firms

Workplace Insight

British and Irish firms are increasing their investment in digital transformation, according to Docusign’s Digital Maturity Report 2024 , but this hasn’t yet translated into improved productivity or digital maturity. The poll of 600 decision makers in the UK and Ireland, now in its second year, reveals what it claims is a ‘stark productivity and efficiency paradox’ for employers, as well as a Catch-22 for workers.

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Engage in Peer-to-Peer Networking With New Global Forum

PayrollOrg

PayrollOrg is excited to announce the launch of The Global Forum, the newest addition to The Payroll Community. Learn how to use the forum to network with your global payroll peers, ask questions, and stay on the forefront of industry trends.

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Understanding Gamification (The Key to Better Benefits)

Best Money Moves

Understanding Gamification (The Key to Better Benefits). Gamification is a powerful tool for motivating employees at work. Learn how gamification strategies can improve performance and encourage benefits usage. Gamification is a powerful tool for motivating employees at work and a valuable addition to financial wellness benefits. These strategies educate employees while encouraging them to set and meet their financial goals in engaging ways.

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Ovo awarded menopause-friendly accreditation

Employee Benefits

Energy supplier Ovo has been awarded menopause -friendly accreditation in recognition of its support for employees who are going through perimenopause and the menopause. In order to achieve accreditation, which was developed by Henpicked: Menopause In The Workplace, employers are assessed on their effectiveness in the areas of culture, policies and practices, training, engagement , and working environment by an independent panel.

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Testing Innovations in Cancer: How to evaluate and use new technologies

Amidst rising cancer prevalence and soaring costs, new cancer technologies and innovations are emerging to support the early detection, treatment, and surveillance of cancer. Read this guide to understand how to evaluate these solutions for your employees and members – and to learn more about the current state of coverage, clinical and cost effectiveness, and impact on quality and outcomes.

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Generative AI will lead to a threefold increase in greenhouse gases from data centres

Workplace Insight

A new report claims that data centres will generate around 2.5 billion tonnes of greenhouse gas (GHG) emissions worldwide by the end of the decade. This figure is three times higher than it would have been had the rapid rise of generative artificial intelligence (AI) not occurred. The report, published by Morgan Stanley titled Global Data Centers: Sizing & Solving for CO2, suggests that the combined emissions from the construction of new facilities and their energy consumption will amount to

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Slip Slidin' Away

Florida Workers' Comp

The Point is back on Wednesday, September 18, 2024, at 13:00, Eastern. We will strive to identify clues and signs of people with cognitive or emotional challenges. We live in an age of significant life expectancy, and in a variety of jobs, many are working beyond traditional "retirement" ages. In addition, some perceive general increases in mental health issues across generational lines.

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The naked truth about my HR nonprofit journey

Employee Benefit News

Devoting time and energy to making a social impact can be a highly rewarding experience whose mission, vision and purpose is greater than the individuals leading the teams.

Health 94
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Understanding Social Value in the Business World

Employee Benefits

Understanding Social Value in the Business World In today’s corporate landscape, companies are increasingly being called upon to deliver more than just profit — they’re expected to create positive impact for the environment, communities, and broader society. This is where social value comes in. What is Social Value? Social value is the broader impact an organisation has beyond its core financial performance.

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Recognition Powers High-Performance — If You Do it Right

Speaker: Debra Squyres and Todd Wuestenberg

Employee recognition has often been deemed a "feel-good" initiative, tied closely to rewards. While we understand its importance, we tend to associate recognition with intangible outcomes like engagement and sentiment, rather than direct impacts on retention and high performance. In today’s workplace, the true ROI of recognition lies in its ability to regenerate tangible, business-driven results.

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Traditional models of facilities management are no longer fit for purpose, report claims

Workplace Insight

facilities managmentWorkplaces need to be maintained and managed in a more agile and responsive way if they are to serve the needs of hybrid working and the so-called return to the office, according to new research from Colliers. Colliers Global Occupier Services’ new report Adaptive Facilities Management – a new vision in agility reveals traditional facilities management (FM) models, where services are delivered at fixed frequencies and costs, are no longer fit for purpose, due to occupancy l

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Dopey Vernacular

Florida Workers' Comp

I had the opportunity recently, at the Workers' Compensation Institute, to converse about a variety of issues with those who regulate Worker’s Compensation in America. The conversation eventually turned to dope, and there was great interest and entertainment found in the topic. Dope somehow persistently invades such conversations. There is some degree of academic interest.

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IRS Guidance on Qualified Student Loan Payment (QSLP) Match Programs

International Foundation of Employee Benefit Plans

Section 110 of the SECURE 2.0 Act of 2022 allows employers to make matching contributions toward employees’ qualified student loan payments (QSLPs) to 401(k) plans, 403(b) plans and governmental 457(b) plans (and SIMPLE IRAs plans not summarized in this blog). Internal Revenue […] The post IRS Guidance on Qualified Student Loan Payment (QSLP) Match Programs appeared first on Word on Benefits.

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Answering all your questions about salary sacrifice schemes

Employee Benefits

What is salary sacrifice, and how can it help save money for both employers and employees? Terms like salary sacrifice, salary deduction, NET, and Gross can often confuse HR professionals and employees. There are important distinctions between the two, and the type of scheme available may vary depending on the product or service involved. Pluxee UK has answered all your most-asked questions about salary sacrifice schemes, including how they can make your benefits strategy cost-neutral.

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Why Every Small Business Needs an HCM Solution: A Comprehensive Guide

Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.

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What we should learn from the sad story of Denise Prudhomme

Workplace Insight

I was chatting to somebody last week about the person in the US who died at their desk, unnoticed for over four days. The instinctive and understandable response was to ask if the story is apocryphal. Sadly, not. Sixty-year-old Denise Prudhomme had clocked into work at the Arizona office of Wells Fargo at 7 am on Friday, August the 16th. Her death some time that day went unnoticed until the following Tuesday afternoon, when a colleague discovered her body slumped over her desk in a cubicle.

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Teflon Flu

Florida Workers' Comp

In the realm of Worker’s Compensation, one of the most difficult topics to address is occupational disease. We are surrounded by a significant measure of potential irritants, pollutants, viruses, and more. Perhaps the most challenging element of these is their existence in a variety of locations in our daily lives. In the early days of my legal practice, I was embroiled in a massive volume of asbestos claims.

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$0 copays and deductibles? Curative is helping companies make their healthcare plans accessible

Employee Benefit News

Curative, a healthcare services firm, is working to slash costs and encourage workers to seek treatment earlier.

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How To Create A Recruitment/Hiring Process Flowchart?

HR Lineup

In today’s competitive business environment, having a well-structured recruitment process is crucial to attracting and retaining top talent. A recruitment or hiring process flowchart is a visual representation that outlines each step in the recruitment process, helping HR professionals and hiring managers to streamline operations, improve efficiency, and ensure a consistent candidate experience.

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The HR Leader’s Survival Guide

HR leaders drowning in paperwork struggle to meet C-suite's strategic expectations. Burnout and high turnover plague the field, with 95% feeling overwhelmed. This guide explores how the right tools can free HR from admin tasks and empower them to become the strategic leaders they’re meant to be.

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The Active Office – enhancing workplace wellbeing with innovative office furniture

Workplace Insight

The working environment profoundly affects how we feel at work. But can the right office furniture and layout also boost creativity, efficiency and collaboration? AJ Products , a leading furniture solutions provider and workplace wellbeing specialist, decided to find out. They collaborated with University Academy 92, a higher education institution co-founded by the Class of ’92 and Lancaster University, to test their Active Office concept.

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OKRs for Employee Engagement: A Powerful Tool (With Examples)

Vantage Circle

Did you know, Objectives and Key Results (OKRs) were initially popularized by tech giants like Google and Intel to drive business outcomes and enhance employee engagement. Since then, it has been adopted by companies across various industries, from startups to Fortune 500 corporations. The framework aligns individual efforts with organizational objectives, fostering a sense of purpose and measurable impact.

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Why more companies should brace for ERISA lawsuits

Employee Benefit News

Troy Sisum, chief legal officer of Imagine360, explains how employers can avoid litigation over their health insurance plans.

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EEOC Issues Construction Industry Harassment Prevention Guidance

InterWest Insurance Services

The Equal Employment Opportunity Commission has issued new guidance for preventing harassment on construction industry worksites. The guidance, while not binding, can be used as a template for construction firms to implement anti-harassment policies. According to the EEOC, the industry has an especially high incidence of harassment complaints, and “some of the most egregious incidents of harassment investigated by the EEOC have arisen in the construction industry.” The nature of the

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HR Meets AI: 🤝 The New Way of Keeping Large Workforces Connected and Engaged

Speaker: Miriam Connaughton and Donald Knight

As organizations scale, keeping employees connected, engaged, and productive can seem like a monumental task. But what if AI could help you do all of this and more? AI has the power to help, but the key is implementing it in a way that enhances, rather than replaces, human connection. Join us for an exploration into how industry trailblazers are using AI to transform employee experience at scale while addressing both the potential and the pitfalls.