Sat.Sep 03, 2022 - Fri.Sep 09, 2022

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How inflation affects pay raises

Business Management Daily

If you work a job long enough, you eventually come to expect a salary increase, just as most companies expect to give you one. But what happens when the raise you receive ends up leaving you with less money than you had before? How is that even possible? One word: inflation. According to the Bureau of Labor Statistics , 2022 saw a historic rise in cost of living items across the board.

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All You Need To Know About Casual Friday: Its Benefits And Implementation

Vantage Circle

Friday marks the beginning of the weekend, the day employees anticipate the most after a long week. So much so that the last working day is now referred to as "Friyay" as a mark of celebration. This is where Casual Friday comes into the picture. Introducing the concept of Casual Friday will be the ideal way to kick off your employees’ weekend.

IT 103
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Your one-stop guide for business resilience planning

Business Management Daily

If the COVID-19 crisis taught us one thing, it’s the need for businesses to be resilient during uncertain times. After all, disruptive events can happen at any time — and they don’t always take the form of a global pandemic. Cyber attacks, supply chain issues, and other disruptions may be on a smaller scale, but they can still tank your business operations if you aren’t adequately prepared.

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How to track employee productivity without crossing privacy lines

Employee Benefit News

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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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Short-term Disability vs. Long-term Disability

Patriot Software

As an employer, you recognize that your employees contribute to smooth business operations. What happens if an employee gets injured or ill and can’t work for an extended period of time? You and your employees need to know about short-term vs. long-term disability insurance. You can offer short-term and long-term disability insurance options for your […] READ MORE.

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In which conditions can the Payroll function thrive?

LACE Partners

Today marks the final day of National Payroll Week, a specific week in the year designed to champion those individuals who are so pivotal to how a business functions. To celebrate this we’ve been doing our bit this week to make noise about the profession, through some of our previous blogs, podcasts, as well as videos from some of our team. Earlier this year we spoke to Stephen Ousley from SD Worx about their whitepaper Reinventing HR , which focused on how HR has supported post-pandemic busines

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4 ways to help all employees prepare for retirement

Best Money Moves

4 ways to help all employees prepare for retireme nt. Data suggests that most U.S. households are behind on retirement savings. Here’s how companies can help their employees prepare for retirement. . As a large number of Americans approach retirement age, many worry about rising costs. Employers are worried, too — 75% of employers fear that employees don’t have enough retirement savings , according to a TIAA survey and another 64% worry that employees may outlive their savings.

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How to Inventory and Protect Your Digital Assets

Money Talk

Digital assets are any personal information stored electronically on any electronic device (e.g., laptop, tablet, cell phone) or “cloud” server. Many people have dozens, even hundreds, of digital assets that can be worth tens, if not hundreds, of thousands of dollars (e.g., bank and brokerage accounts, cryptocurrencies, and retirement savings plans).

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The Day I Uninstalled Apps

Florida Workers' Comp

There has been a suspicion for years that the convenience of our society had the potential to reap corresponding harm upon us. It is, as they say, both a gift and a curse. Allice Hoffman is credited with the quote "I really feel like the gift is also the curse. It's always half-and-half. Whatever brings you the most joy will also probably bring you the most pain.

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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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How to Be a Working Mom: 10 Tips to Have the Best of Both Worlds

BetterUp

Jump to section. Is it worth the trouble? Finding your balance. 10 tips for balancing work and parental duties. Remember that you’re a great role model.

IT 119
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Is Paying Employees Cash Under the Table Legal?

Patriot Software

Some businesses prefer paying employees cash instead of other payment methods, like direct deposit or check. If you choose to pay cash wages, you are still responsible for depositing and reporting employment taxes. Paying employees cash under the table, or off the record, means you fail to pay and report taxes. Learn whether cash under […] READ MORE.

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What Is Job Autonomy and Why Does It Matter?

HR Digest

Have you ever heard of job autonomy at work? It’s a concept that many people struggle to understand. But it’s important because it helps define what kind of work environment you want to be in — and what you can expect from your employer. Job autonomy is the extent to which employees can control their working conditions and how they do their jobs.

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18 Ideas For HRs To Celebrate Ramadan At Work

Vantage Circle

As an HR professional, you must have come across the term “Workplace Inclusivity.” The term isn’t a fad or trend that organizations may consider incorporating. It is a vital concept that must foster in every workplace. Inclusivity is inherently associated with broadening the dialogue to embrace people who practice different faiths.

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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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6 Self-Care Tips for Caregivers

BetterUp

Jump to section. What is caregiver burnout? Taking time for yourself is still a priority. How to juggle between providing care and working. How to take care of yourself when you’re a caregiver. Don’t be too hard on yourself. What can you change? You’re not alone.

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Do You Need to File Form 940? If So, Here’s How

Patriot Software

Did you employ workers at your small business this year? When you have employees, you need to handle employment taxes, like federal unemployment (FUTA) taxes. For each employee you have, you must pay a percentage of their wages for federal unemployment taxes, deposit the tax with the IRS, and report your tax liability on Form […] READ MORE.

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What Makes a Bad Boss

HR Digest

What makes a bad boss? It’s a question that many of us have asked ourselves at some point, and it’s one we’ve all had to answer for ourselves. The truth is that there are plenty of good bosses out there—but there are also plenty of bad ones. If you’ve ever had a bad boss, or worse—a boss who was just plain mean to you—you know what it’s like to try and go to work when someone is making your life miserable.

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Seventh Circuit Provides Hope for ERISA Plan Sponsors and Fiduciaries Defending Investment Fee & Performance Litigation

Proskauer's Employee Benefits & Executive Compensa

The Seventh Circuit recently provided a ray of sunshine in what has largely been a gloomy stretch for plan sponsors and fiduciaries defending ERISA breach of fiduciary duty claims based on allegedly excessive investment and administrative fees and investment underperformance. In this particular case, Oshkosh emerged victorious with the Seventh Circuit affirming the dismissal—at the motion to dismiss stage—of claims that it mismanaged its 401(k) plan by paying excessive recordkeeping fees, faile

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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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What is the Contingency Theory of Leadership and How Does it Work?

BetterUp

Jump to section. What is the contingency theory of leadership? What does the contingency theory of leadership focus on? Why is contingency theory important in leadership? 2 examples of contingency leadership theory in action. Looking at the models of the contingency theory at work. How to apply the contingency theory of leadership at work.

IT 98
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Significant Changes to Construction Dual-Wage Classifications

InterWest Insurance Services

As inflation drives up salaries in all sectors, the workers’ compensation wage thresholds for construction dual class codes in California have increased as of Sept. 1, 2022. State Insurance Commissioner Ricardo Lara in July approved the recommendation by the Workers’ Compensation Insurance Rating Bureau to increase the wage thresholds for high-wage workers.

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15 Essential Exit Interview Questions Employers Should Always Ask

HR Digest

It’s hard to say goodbye to an employee — a very good one at that. But it can’t be stopped either, especially if they have made up their mind to. By asking the best exit interview questions, you’ll have a clear clue on how to prevent others from leaving and increase your retention rates. Employees tend to leave a company for various reasons. And that’s why exit interview questions are important.

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Information Returns Your Small Business May Need to File

Patriot Software

Every small business makes payments to operate. Some of these payments must be reported to the IRS or Social Security Administration (SSA). Companies must use information returns to report qualifying payments. Do you need to file an information return? Learn what information returns are, which common forms small businesses might need to file, and how […] READ MORE.

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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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What You Should Be Telling Workers About Monkeypox

McDermott Will & Emery Employee Benefits

What should employers be telling workers about monkeypox? In this Fortune article, McDermott Partner Michelle Strowhiro said the first thing is to make sure workers properly understand the signs and symptoms of the viral disease. “Now’s the time to evolve [your] COVID-19 policy into a greater safety policy that includes monkeypox, and covers the symptoms […].

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Talking Benefits Podcast: Riding the Investments Roller Coaster

International Foundation of Employee Benefit Plans

The recent ups and downs of the stock market and the economy can be dizzying. In the latest podcast episode, my colleague Justin Held got the opportunity to talk to. Read more > The post Talking Benefits Podcast: Riding the Investments Roller Coaster appeared first on Word on Benefits.

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Is there such a thing as acceptable attrition?

LACE Partners

Aaron and Chris talk about the idea that the word ‘attrition’ isn’t a dirty one and that there is such a thing as ‘acceptable’ attrition in a business, as it encourages renewal, growth and development of any business. This sixty second video gives you a quick snapshot, but we’ve also produced a blog on the subject, which you can view here.

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Correcting Employment Taxes: What to Do If You Withhold the Wrong Amount

Patriot Software

It’s easy to make mistakes, especially when you have a million and one things on your plate. One error you could make is deducting the wrong amount from employee wages. Correcting employment taxes is necessary if you withhold too much or too little from your employees’ paychecks. This article provides an overview of employment taxes […] READ MORE.

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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.