Cost-Effective Employee Benefits: How to get more for less
Sodexo Engage
JANUARY 19, 2023
Summary:
CorpStrat
JANUARY 17, 2023
Many employee benefits are subject to annual dollar limits that are adjusted for inflation by the IRS each year. The following commonly offered Employee Benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs). Health flexible spending accounts (FSAs). 401(k) plans. Transportation fringe benefit plans.
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PeopleKeep
JANUARY 18, 2023
Gaining in popularity as a type of consumer driven health plans (CDHPs), health reimbursement arrangements (HRAs) allow employees to take better charge of their healthcare and budget for themselves and their families. HRAs have similar regulations as other tax-advantaged health benefits, like health savings accounts (HSAs) and flexible spending accounts (FSAs).
InterWest Insurance Services
JANUARY 17, 2023
There is a growing threat to companies that use online services to administer their employee benefits and payroll as cyber criminals increasingly exploit these cloud service platforms. The results of a hacker gaining access to the company’s payroll systems, sloshing with cash, as well as employees’ personally identifiable information can be devastating both to the employer as well as its workers, according to a blog by the law firm McLane Middleton.
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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?
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
Money Talk
JANUARY 18, 2023
The year 2022 was chock full of news about inflation, with a year-to year Consumer Price Index increase of 9.1% in June and a still-high 6.5% CPI at year-end. Not surprisingly, much of the news was negative; e.g., soaring prices for food, gas, utilities, cars, insurance, and more. What often gets lost in conversations and media reports about inflation are the ways that some people can benefit from it.
InterWest Insurance Services
JANUARY 17, 2023
Besides health insurance and a 401(k) plan, other benefits that employees value highly are generous paid time off and flexible or remote work, according to a new survey. But for the first time, the annual study by employee benefits provider Unum found that the younger generations are not on the same page with their older peers when it comes to what they value most in their benefits package. “A multi-generational workforce is a huge benefit for companies,” said Liz Ahmed, executive vi
Employee Benefits
JANUARY 16, 2023
Record high inflation in the UK is resulting in some employers increasing pay levels in an attempt to keep up. Unless changes to pay strategy are underpinned by a clear rationale and aligned to a well-thought through reward initiative, they are at risk of being unsustainable in the long-term. Alongside one-off payments and pay rises, employers may want to consider investing in a long-term strategy to ensure the financial wellbeing of their employees.
HR Digest
JANUARY 14, 2023
It’s no news that the business world will experience changes in management in 2023. And HR is going to have to keep up. The new year is here, so it’s time for HR professionals to start thinking about how they’ll be ready for the future. HR leaders are always looking for ways to improve their employees’ lives and the company’s bottom line.
Advertiser: Barley
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.
Vantage Circle
JANUARY 19, 2023
When it comes to sales incentive programs the first thought in your mind is monetary incentives. However, that is not all there is to incentive programs. Let’s find out more about sales incentive programs and how to design and implement them to benefit your organization. What Is A Sales Incentive Program? Sales incentive programs are systems developed by businesses to compensate salespersons for achieving certain specific goals.
Darwinbox
JANUARY 16, 2023
2023 promises to be an exciting year. We’re witnessing a radical shift in the way we work, the way we organize ourselves, and how we collaborate. As we enter the new year, we’re delighted to share with you that Microsoft has made a strategic investment in Darwinbox to work jointly on technology innovations that shape the future of work. This partnership is amongst the first of its kind in the global HCM market.
Employee Benefits
JANUARY 17, 2023
Image credit: 8ED8 / Shutterstock.com. Food and drink manufacturer PepsiCo UK and pharmaceutical firm Pfizer UK have made the Top UK Employers list for 2023. The Top Employers Institute compiled the list by reviewing HR policies and people practices across organisations around the world, including 99 UK organisations. In order to achieve certification, participating organisations’ HR practices were assessed by the institute through its HR best practices survey.
HR Digest
JANUARY 19, 2023
What you realize is that it isn’t always the big, new, shiny initiatives that make the biggest difference. People want to be treated with respect, they want to feel included as part of the team, and they want to have opportunities to learn and succeed. The HR Digest: “At McDonald’s, we believe that serving up a best-in-class customer experience starts first with ensuring an exceptional employee experience.
Advertiser: Paycor
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.
International Foundation of Employee Benefit Plans
JANUARY 18, 2023
As a benefits professional, you often wear many hats, and communications could be one of the more challenging roles you encounter. You’re required to not only inform but inspire employees. Read more > The post Magazine Extra: Benefits Touch Points—Communicating When It Matters appeared first on Word on Benefits.
Vantage Circle
JANUARY 18, 2023
Continued focus on (employee) turnover is of critical importance, because of the direct relation of turnover to improvements in labor costs and guest satisfaction. ~ Finley Peter Dunne. "Employee turnover" is a word that makes HR practitioners' hearts skip a beat. But no matter how disappointed an HR gets after hearing the word, it is a natural, inevitable phenomenon that occurs in every organization.
Employee Benefits
JANUARY 18, 2023
Global technology organisation Siemens, which employs approximately 7,000 employes in the UK, believes it is important for its younger employees to understand that pension saving is most effective when they start early on. This gives them more time to build up contributions and investment returns, and make the most of the employer contributions on offer.
HR Digest
JANUARY 19, 2023
Being an inspiring leader means understanding what it takes for your colleagues to be a daughter or a son, a sister or a brother, a spouse or a companion, and so much more outside of work, as well as their professional métier. The HR Digest: You have stated several times that “leaders should connect with employees personally, even if it means sacrificing the company’s productivity time.” Why do you believe this is important as a CHRO?
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.
Qandle
JANUARY 18, 2023
Employees are the most important resources of an organization. This is the reason why companies always look forward to recruiting candidates with highly desirable skillsets and knowledge. After all, the ultimate goal of every organization is to develop a highly productive workforce as possible and that is likely to stay with the organization for the long term.
Workplace Insight
JANUARY 20, 2023
Like a lot of people right now, I am struggling to get my head around where we are going with AI. Look around and you’ll see the breathless excitement at the sheer amazingness of it all. And examples of its limitations, how it screws up , how military grade AI can be fooled by somebody hiding in a box , and its sense of humour failure. All of this is demonstrably, paradoxically true.
Employee Benefits
JANUARY 19, 2023
Expecting a baby and planning maternity or parental leave is an exciting time, but it is also important to consider the financial impact that a new arrival can bring. As the cost of living crisis continues, it is now more important than ever that new parents understand how their finances will be affected and what actions they can take. WEALTH at work, a leading financial wellbeing and retirement specialist, highlights some top tips to help new parents stay in control of their finances: 1.
HR Digest
JANUARY 17, 2023
Employer branding strategies are a crucial component of any successful recruitment and retention strategy. According to research, companies with a strong employer brand have 28% lower turnover rates and are able to attract 50% more qualified candidates. These strategies are designed to create a strong sense of loyalty and trust between your business and your workforce, which can lead to improved performance and efficiency.
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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.
Vantage Circle
JANUARY 16, 2023
As an HR professional, starting the new year by finding, curating, and planning for the upcoming events in the coming months is a not-so-fun start. To make that task easier for you, we have curated an HR Calendar 2023 that contains a comprehensive list of holidays, special events, and culturally significant moments that you should mark (and plan for) in 2023.
Pacific Prime
JANUARY 15, 2023
Did you know that 78% of employees want a better work-life balance? This has prompted the number of companies offering an unlimited time off policy to have risen sharply in recent years, as these forward-thinking employers recognize the benefit as a gateway to a more flexible workplace. Under an unlimited time off policy, employees can. The post The pros and cons of an unlimited time off policy for employers appeared first on Pacific Prime's Blog.
Employee Benefits
JANUARY 16, 2023
Professional services firm Moore Kingston Smith looks to balance salary, recognition and benefits equally as part of its holistic approach to its people and their reward. The organisation, which employs 75 partners and 700 employees based in and around London, regularly reviews its pay strategy according to the current climate, the markets and internal equity with the need to differentiate individuals based on their personal contribution.
Workplace Insight
JANUARY 15, 2023
So here it is. Blue Monday. Today. Officially the most depressing day of the year. We say ‘officially’, but like the idea of ‘Body Odour’ its common usage hides the fact that it was originally created as part of a PR campaign, in this case one for Sky’s travel channel in 2005. The whole idea of Blue Monday is couched in a pseudo-mathematical equation which includes factors like the weather, levels of debt, time since Christmas, low levels of motivation and, apparently, an unspecified variable kn
Advertiser: Barley
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.
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