Employee Benefits
SEPTEMBER 18, 2023
Private medical insurance (PMI) has become the most important perk that employees look for in their benefits package, according to new research by Zest. The employee benefits technology platform’s findings highlight growing challenges in the UK around access to healthcare, as more people explore private provision as opposed to solely relying on public healthcare, due to growing waiting lists.
PeopleKeep
SEPTEMBER 20, 2023
Offering robust employee benefits can greatly help companies that are looking to attract and retain top talent. In addition to offering traditional benefits like health insurance or retirement contributions, more employers are offering stipends to employees. These are additional funds an employer provides to cover specific employee expenses on a one-time basis or on a regular cadence.
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Employee Benefit News
SEPTEMBER 18, 2023
Samantha Citro-Alexander, CEO of Bitewell, explains why food is essential to preventative care.
McDermott Will & Emery Employee Benefits
SEPTEMBER 20, 2023
Student loan debt is set once again to impact millions of American workers. Fortunately, starting next year, employers will have new ways to help employees navigate student loan debt. Provisions of the SECURE 2.0 Act will allow employers to provide employer-matching contributions based on their employees’ qualified student loan repayments outside the plan.
Advertiser: Paycor
These calendars provide pay period dates and paydays for biweekly, semi-monthly, and monthly payroll in 2024. Use them as a reminder or share with employees so they can celebrate payday.
Money Talk
SEPTEMBER 21, 2023
I recently taught a class with the same title as this post. It began with a summary of recent “scary” economic events: recession fears, rising interest rates, bank failures, volatile stock prices, increased costs of basic expenses due to inflation, layoffs, low savings rates, increasing credit card APRs and household debt, housing unaffordability, and more.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
HR Bartender
SEPTEMBER 19, 2023
Estimated reading time: 3 minutes Organizations want to operate in an ethical manner. They also want to be effective and efficient. There’s no reason that organizations have to compromise on doing it all. It starts with building a good foundation of ethics. But then organizations need to think about how to maintain ethics, no different that regularly examining data and information to ensure effectiveness and efficiency.
PayrollOrg
SEPTEMBER 22, 2023
Effective October 1, 2023, the Indiana Department of Revenue revised Departmental Notice No. 1 to reflect income tax rate changes in Adams, Clinton, Dearborn, Henry, and Vanderburgh Counties.
Employee Benefits
SEPTEMBER 22, 2023
Two-thirds of UK employees do not feel a sense of connection and belonging at work, according to research by employee engagement and HR technology firm Reward Gateway. Its survey of 1,000 UK employees in organisations with a headcount of more than 100 also found that 24% of respondents often experience loneliness at work. Gen Z workers aged between 18 and 24 years were the most likely age group to feel this way,with 32% saying this is the case, despite 81% workers having a social network at work
Workplace Insight
SEPTEMBER 20, 2023
Two thirds of IT workers and nearly half of office workers think that generative AI may come for their jobs within five years, according to a new report from Ivanti. The poll of nearly 8,000 respondents worldwide also suggests that 57 percent of people report ‘serious friction’ with workplace technology at least weekly and 61 percent say negative experiences with work tech affects their morale.
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Treating your workforce as the organization’s top priority improves customer satisfaction and revenue growth and can boost job satisfaction and productivity. Read about five trends that are helping organizations around the country improve their people’s career well-being.
Proskauer's Employee Benefits & Executive Compensa
SEPTEMBER 21, 2023
A recent Ninth Circuit decision has generated considerable controversy amongst employee benefits practitioners by holding that plan fiduciaries engaged in prohibited transactions when they amended the plan’s existing recordkeeping contract to add brokerage and investment advisory services. In so ruling, the Court remanded the case to the district court to consider whether the transactions fell within the exemption for reasonable service agreements and, independently, whether it was imprudent for
PayrollOrg
SEPTEMBER 20, 2023
PayrollOrg is pleased to announce that Vice President Ronald Gilson, CPP, was selected to serve on the IRS’s Electronic Tax Administration Advisory Committee.
Employee Benefits
SEPTEMBER 18, 2023
Banking organsiation Santander, Department for Education and Thames Valley Police were recognised at the 2023 Menopause Friendly Employer Awards. Hosted by Henpicked: Menopause in the Workplace and sponsored by HSBC UK, First Direct, Marks and Spencer Bank and Peppy, the awards were presented by broadcaster Louise Minchin last week. Now in its second year, the awards recognise organisations and individuals who have committed to provide support, solutions and resources to normalise menopause in t
Workplace Insight
SEPTEMBER 20, 2023
Fully remote workers can have a 54 percent lower carbon footprint compared with fully in-office workers, and all forms of remote and hybrid working have the potential to cut emissions, according to a new study from researcher at Cornell University and sponsored by Microsoft. The authors conclude that lifestyle choices and work arrangements playing an essential role in determining the environmental benefits of remote and hybrid work.
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.
BetterUp
SEPTEMBER 20, 2023
Jump to section The definition of hard skills 5 valuable types of hard skills Best hard skills to put on a resume for in-demand jobs Hard skills are an easy sell
PayrollOrg
SEPTEMBER 18, 2023
PayrollOrg recently sent a letter to the U.S. Department of Labor (DOL) on wage and hour/pay period requirements and the impact of bank failures.
Employee Benefits
SEPTEMBER 22, 2023
Sarita Coleman, head of reward at the RSPCA, will present a session about employee engagement on the first day of Employee Benefits Live 2023. Titled Employee benefits: staff engagement is key , the session will cover employee benefits and the importance of staff engagement, how not to assume that all employees know what is available or relevant to them, how to look inwardly at existing offerings to avoid duplication and confusion, and that communication is king when it comes to maximising offer
Florida Workers' Comp
SEPTEMBER 19, 2023
The United States continues to be the target of an illogical madness. The British Broadcasting Corporation (BBC) recently explained How the fentanyl crisis' fourth wave has hit every corner of the US. I remember in the 1990s when I first heard of Fentanyl and the various doctors who expressed their eager and adoring attitudes toward it. There were many orthopedic patients suffering intractable pain and we were all led by the physicians into the opioid expansion.
Speaker: Jaye Johnson, CBP - Employee Benefits and Total Rewards Leader, World at Work Content Author, and Speaker
After years of facing the global pandemic, we are now struggling with a new problem: inflation. No one could have predicted the impact of inflation on employee benefits and how it affects both employees and employers. Employers are now trying to maintain or lower the cost of benefits while competing for talent in a competitive and tight labor market, but the rising costs of consumer goods and healthcare make it extremely difficult to consider increasing their benefit offerings.
Business Management Daily
SEPTEMBER 22, 2023
About 18.4% of all U.S. adults are visually impaired, according to the Centers for Disease Control and Prevention. That means they are blind or have a great deal of difficulty seeing even when wearing prescription glasses. The causes vary. Some visually impaired people have eye diseases like macular degeneration, cataracts, glaucoma, or diabetic retinopathy.
PayrollOrg
SEPTEMBER 19, 2023
On September 14, the IRS announced it will not process any new employee retention credit (ERC) claims to help protect businesses from scams.
Employee Benefits
SEPTEMBER 21, 2023
What do you think of when you hear the term ‘sustainability’? Green plants filling the office, colour-coded recycling bins or an array of reusable coffee cups? There are many small ways we can take eco-friendly approaches within the workplace. But when we look at the scale of the climate crisis we’re dealing with, it highlights how important it is for businesses to take bold, direct action.
PeopleStrategy
SEPTEMBER 22, 2023
Over the past few years, remote work has become a buzzword in the world of employment. The COVID-19 pandemic accelerated this shift as companies worldwide embraced remote work to ensure business continuity and employee safety. While remote work seemed poised to take over, recent trends indicate a decline in remote job postings overall. Job search engine Adzuna found that the number of advertised remote positions dropped to 9.2% in July 2023, down from 14.5% in 2023.
Advertiser: Paycor
On August 30, 2023, the DOL unveiled a proposed overtime rule that would raise the weekly salary threshold under the Federal Labor Standards Act. Paycor is closely monitoring the proposal and will provide updates as new information becomes available.
WEX Inc.
SEPTEMBER 21, 2023
Visual health is a vital component of overall well-being, and unexpected eye-related expenses can put a strain on your finances. However, for participants of health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are ways to alleviate the financial burden associated with vision-related costs. Let’s explore a few common vision-related questions as it relates to your HSA or medical FSA.
UMB: Emplooyee Benefits
SEPTEMBER 21, 2023
To stay competitive, companies must foster and develop talent. Here's how UMB supports associates' professional growth and education. The post Striving for more: Associate educational support programs appeared first on Financial insights for individuals and businesses.
Employee Benefits
SEPTEMBER 20, 2023
French multinational financial services firm Societe Generale has invested €100 million euros (£865.4 million) into a plan to try to close its gender pay gap. The firm, which employs 117,000 workers in 66 countries, will use the funds to boost remuneration of its female employees over the next two years. The investment amounts to less than 1% of its roughly €10 billion (£86.5 million) total wage bill.
HR Lineup
SEPTEMBER 22, 2023
In today’s fast-paced job market, finding the right talent can be a challenging and time-consuming task for HR professionals. Fortunately, artificial intelligence (AI) has revolutionized the recruitment industry by providing innovative solutions that streamline the hiring process. These AI recruiting tools leverage machine learning algorithms to sift through resumes, identify top candidates, and improve overall hiring efficiency.
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New approvals for weight loss drugs, gene therapies, and biosimilars are on the minds of employers. However, 48% of employers still need a strategy to manage their use and costs. Find out how other organizations are preparing their specialty drug benefits for the future.
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