Sat.Jan 22, 2022 - Fri.Jan 28, 2022

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APA Engages With House Financial Services Committee on EWA

PayrollOrg

The APA submitted comments to Congress on earned wage access (EWA) following a hearing of the House Financial Services Committee’s Task Force on Financial Technology in November.

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The ABCs of RMDs

Money Talk

One of the most daunting financial aspects of retirement, especially for people who have been diligent savers throughout their working years, is taking required minimum distributions (RMDs) from their tax-deferred retirement savings accounts beginning at age 72. RMDs can have a significant impact on a retiree’s income tax liability and lifestyle. New RMD tables went into effect in 2022, so this is a good time to discuss RMDs.

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As long as employers control employees’ healthcare, life-saving technologies will go underutilized

Joe Markland

A familiar mantra about why health insurance is so expensive is that the cost of healthcare is expensive. I have always disagreed with this statement. It is the third-party financing through employers that drives the underlying costs — not vice versa. Our current financing system provides inferior healthcare for many and inhibits adoption of new and emerging technologies.

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Do Workplace Wellness Programs Save Money? We Find Out.

HR Digest

Healthcare costs are a major expenditure for most business owners. Healthcare is an essential and a necessary investment for both employers and employees. A lackadaisical workforce can be detrimental to productivity. So, are wellness programs a sound investment? Do they drive down a company’s health investment costs or not? Let us find out. A study conducted by Harvard in 2015 found for every dollar spent on wellness programs, the employer saves $3 in healthcare costs and another $3 in absentee

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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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What to Know About Cryptocurrency and Wage Payments

PayrollOrg

Employers interested in offering wage payments in cryptocurrency should be aware of and comply with applicable withholding, wage and hour, and wage payment requirements at the federal and state levels.

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How to engage in healthy debate at work: Top do’s and don’ts

Insperity

When people work together in a group, it’s not uncommon to have disagreements. In a workplace, the trick is learning how to productively work through disagreements to arrive at an optimal solution – in other words, learning how to engage in healthy debate. Leaders may be tempted to shrink from the idea of debate, or what we perceive as difficult conversations with employees , because most people dislike conflict.

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Objectives of human resource management

Qandle

Human Resource Management (HRM) is an important pillar for every organization. In this blog we’ll be discussing about the goals and objectives of HRM. Table of contents. What is Human Resource Management? What exactly is the goal of HRM? What is HRM and how does it work? What are the HRM organization’s goals? HRM Objectives. What is Human Resource Management?

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Submit Questions for Federal Agencies to Answer at Payroll Congress 2022

PayrollOrg

Searching for an answer to a burning payroll question best answered by a federal agency? Send it to APA’s Government Relations Division and we will consider asking it during the Forum on Federal Payroll Issues sessions at the 2022 Payroll Congress.

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82% of employers expect staff to work remotely into the future

Employee Benefits

New research has discovered that organisations are looking to continue flexibility over where and when people work, with 82% expecting employees to work remotely into the future at least part of the time, and spend on average two days every week away from the office. Real-estate and investment business JLL’s Perspectives for enterprises report also found that 48% of organisations in Europe, Middle East and Africa (EMEA) have still not developed a future of work programme to meet rising staff dem

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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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Sheet Masks 101

Take It Personel-ly

One of the most significant influences of Korea on the beauty world is using sheet masks or those nutrition-enriched, leave-on fabrics. The trend, which originated in South Korea, was patronised by both men and women as an integral part of their skincare routines. As their drama series made a splash in the entertainment scene, people […]. The post Sheet Masks 101 appeared first on Take It Personel-ly.

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The 6 most important skills for effectively managing stress

BetterUp

Elevated levels of stress and anxiety have been hallmarks of the last three years.

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Child Support Report Features Employer’s Perspective on e-IWO

PayrollOrg

Read APA’s article, “e-IWO from the Employer’s Perspective,” in the November edition of the Child Support Report, published by the federal Office of Child Support Enforcement.

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How to implement a pay strategy for hybrid working

Employee Benefits

Need to know: Reducing pay to reflect hybrid working can pose significant legal and practical challenges with implications on organisational fairness and inclusion. With the exception of salaries that already vary by location already, for example, those with a London weighting, reducing an employee’s pay would need their consent. A two-tier pay structure where new recruits are paid differently according to where they do the majority of their work could deter new talent from joining.

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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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Why 50% of American workers want to make a career change

HR Digest

According to a recent U.S. Chamber poll, 32% of people who lost their job during the pandemic and remain unemployed say they are looking for work in a different industry. A recent Washington Post-Schar School poll noted that one-third of workers under the age of 40 are now considering switching careers or changing industries since the pandemic. The pandemic has taught Americans that nothing is permanent.

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Mark Cuban’s New Online Pharmacy Aimed at Curbing Drug Pricing

BerniePortal

Photo Credit: Gage Skidmore. Mark Cuban, the billionaire owner of the Dallas Mavericks, is perhaps best known for his tenure on the popular television series Shark Tank. Recently, however, he has been looking for ways to enter the healthcare market as well. He appears to have done just that with the announcement of his new online pharmacy this past Wednesday.

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APA Comments on 32-Hour Workweek Bill

PayrollOrg

The APA Government Relations Task Force Federal Issues Subcommittee wrote to the House Committee on Education and Labor in November to oppose a bill proposing to change the workweek from 40 hours to 32 hours before overtime pay is required.

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Europeans want remote working and more leave

Employee Benefits

Workers across Europe are asking for work-life balance through benefits such as remote work options , four-day weeks and additional annual leave, according to new research. Integrated workforce management platform provider Pro Unlimited published its J anuary 2022 Europe labor market report , which it says is based on billions of data points related to professional and technology roles.

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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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District Court Declines to Dismiss 401(k) Fee Litigation Case in First Decision Post-Hughes

Proskauer's Employee Benefits & Executive Compensa

In the first decision since the Supreme Court’s ruling in Hughes v. Northwestern Univ. , No. 19-1401, 595 U.S. (U.S. Jan. 24, 2022) (discussed further here ), a Georgia federal district court held in favor of plaintiffs and declined to dismiss allegations that defendant’s 401(k) plan included costly and underperforming funds and charged excessive recordkeeping fees.

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More Fuel To Aid Our Mission! Funding Round Led By TCV

Darwinbox

It gives us great pleasure to announce that Darwinbox has raised a new round of funding of $72 million led by Technology Crossover Ventures (TCV) along with participation from existing investors — Salesforce Ventures, Sequoia, Lightspeed, SCB 10X, JGDEV, Endiya Partners, and 3One4Capital. This brings the total investment raised thus far to over $110 million placing us amongst the most well-capitalized HR tech players in Asia.

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Child Support Report Explains New Standardized Form for VOE Requests

PayrollOrg

Read APA’s article, “Standardizing Employment Verification Responses to Efficiently Support Families,” in the December edition of the Child Support Report, published by the federal Office of Child Support Enforcement.

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ServiceNow appoints new inclusion chief

Employee Benefits

Digital workflow platform ServiceNow has named former Xerox and Accenture director Karen Pavlin as chief equity and inclusion officer. The firm, which is based in Calilfornia and has 16,000 employees around the world, said Pavlin would lead its bid to strengthen its culture of inclusion , create a “deeper sense of belonging” and “ensure equity across the entire people-talent ecosystem”.

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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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HR transformation: why it’s time for you to embrace the cloud

Bayzat

It’s no secret that businesses around the world are adopting cloud at a rapid rate. The Covid-19 pandemic has accelerated global cloud adoption in industries ranging from financial services and retail to healthcare and education. And this trend is expected to continue over the coming years. The global cloud computing market is predicted to grow from $445 billion in 2021 to $947 billion by 2026.

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What your hiring process should look like in 2022

Business Management Daily

Long gone are the days when adding staff meant posting a “help wanted” sign today and bringing aboard a new employee tomorrow. The modern hiring process, especially in times of low unemployment, involves numerous steps. Businesses must spend time figuring out what type of talent they need and how to attract qualified candidates. Then, they need to evaluate resumes received, decide who merits an interview, and verify the credentials of individuals they might want to hire.

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IRS Issues Guidance on Early Termination of ERC

PayrollOrg

The IRS released guidance for employers on the early termination of the employee retention credit (ERC) if they received an advance payment or reduced deposits in anticipation of the credit.

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Cushon acquires Creative’s workplace pension scheme

Employee Benefits

Workplace savings fintech firm Cushon has acquired financial services business Creative’s workplace pension scheme. This is Cushon’s third workplace pension acquisition in two years, in line with regulatory goals to drive further consolidation in the market. With the addition of the 14,500 additional employers under Creative’s pension trust, this makes Cushon the fifth largest master trust pension provider in the UK, with its total customers figure now reaching 400,000.

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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.