Money Talk
NOVEMBER 9, 2023
When someone uses the phrase “gap year,” we often think immediately of young adults who plan experiential learning activities (e.g., traveling, volunteering, and working) between high school and post-secondary education or college graduation and graduate school. In other words, something that young adults do in their late teens and 20s. Think Malia Obama and Elon Musk.
PeopleKeep
NOVEMBER 6, 2023
Group health insurance may be the traditional employee health coverage option, but it doesn’t work for everyone. If you’re an employer looking for an affordable and flexible alternative to group plans, a health reimbursement arrangement (HRA) is a great option. With an HRA, you can provide your employees a monthly allowance and reimburse them for qualifying medical expenses like individual health insurance coverage.
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Workplace Insight
NOVEMBER 6, 2023
Corporate culture has fundamentally changed since the pandemic and with it, so has the way employees interact with the office. This has put leaders under pressure to create experiences for employees that complement, and in some ways even compete with, the comforts of home. Organisations now understand the immense potential for sustainable, inclusive office design, and people-centric real estate strategies to drive positive change and fuel growth.
Employee Benefits
NOVEMBER 6, 2023
Ovo Energy When Ovo Energy took over SSE Energy Services in 2020, it needed to harmonise benefits across the two organsiations. Employees would receive a flex pay arrangement , worth an additional 9% of salary. This would incorporate an employer pension contribution of 4%, and an extra 5% which could be used to purchase other benefits. Central to the benefits overhaul would be Ovo’s Plan Zero concept, which aims to reduce the organisation’s carbon emissions to net zero by 2035.
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.
HR Bartender
NOVEMBER 7, 2023
Estimated reading time: 3 minutes I’d like to think that most, if not all, of us would answer the question “Is it okay for job seekers to get help with their job search?” with the answer “yes”. We encourage job seekers to reach out to their networks when they’re looking for new opportunities. We encourage them to speak with mentors and coaches about how to share their strengths during interviews.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
PayrollOrg
NOVEMBER 10, 2023
The IRS released cost-of-living-adjustments (COLAs) for 2024 reflecting any increases in excludable transportation fringes and flexible spending arrangements (FSAs).
Employee Benefits
NOVEMBER 9, 2023
The government is to legislate to retain rolled-up holiday pay for irregular hours, zero hours and part-year workers and set out that it must be calculated based on total earnings in the pay period. Its announcement follows a consultation earlier this year that sought views on reforms to the Working Time Regulations, holiday pay, and the Transfer of Undertakings (Protection of Employment (Tupe)) Regulations.
Business Management Daily
NOVEMBER 6, 2023
Think back to elementary school for a moment. Remember some kids who would roll their eyes at assigned tasks they did not like? Or maybe they interrupted the teacher while she talked, refused to listen when she asked them to sit down, or called her names like “stupid” behind her back (or even to her face)? Fortunately, people generally develop better ways of expressing themselves as they mature.
Workplace Insight
NOVEMBER 6, 2023
In the first of a new series of news-based podcasts, I catch up with Chris Moriarty, the co-founder of Audiem and much besides. Over a glass of gin and tonic, we discuss the AI Safety Summit and the proclamations of imminent doom that came before and after it. We also talk about the covid inquiry and the toxic workplace culture it exposed as an intriguing subplot.
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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.
PayrollOrg
NOVEMBER 6, 2023
In this November 2023 edition of Compliance TV: Social security wage base increases for 2024; IRS releases 2023 ACA forms and announces withdrawal process for ERC claims; and more.
Employee Benefits
NOVEMBER 9, 2023
As we begin the run-up to Christmas, your staff’s stress levels can rise due to everything that comes with the season, whether it’s an increased workload, a lack of activity due to the dark nights and cold weather, or financial pressures from home. As an HR manager, one way you can help reduce stress is to offer your people services from DocHQ, the health and wellbeing company that can become your wellbeing partner.
HR Digest
NOVEMBER 5, 2023
It often seems easier to wrap things up quickly and let an employee leave quietly without stirring up too much trouble, but skipping an exit interview might be a poor choice. If you’re wondering what an exit interview is, it is essentially the opposite of a hiring interview —instead of asking an applicant why they want to join your company, you now explore why they want to leave.
Workplace Insight
NOVEMBER 9, 2023
In the lead-up to the UN’s COP28 climate conference, the world’s largest CEO-led community committed to accelerating the net-zero transition is calling on businesses and governments to further slash global carbon emissions to meet the Paris Climate Agreement goals. According to a report by the Alliance of CEO Climate Leaders, in collaboration with the Boston Consulting Group (BCG), emissions must be cut back by 7 percent each year from now until 2030 to limit global warming to 1.5°C, as agreed i
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.
PayrollOrg
NOVEMBER 7, 2023
PayrollOrg’s (PAYO) free eBook, Top Payroll Questions and Answers for 2023, sponsored by Fintwist by Comdata, contains solutions to payroll questions that were raised in the past year.
Employee Benefits
NOVEMBER 10, 2023
Now that Halloween and Guy Fawkes celebrations have passed, my thoughts have inevitably turned to Christmas. I have always loved this time of year, but for some reason, this year my festive spirit seems to have arrived much earlier than usual and I am now excitedly planning for, and looking forward to, the run up to the season. Many employers will already have also embarked on plans for the festive season.
HR Lineup
NOVEMBER 10, 2023
In today’s fast-paced and highly competitive business landscape, strategic planning has never been more critical. To stay ahead of the curve, organizations must carefully map out their goals, objectives, and tactics. To aid in this endeavor, strategic planning software tools have become indispensable. These tools offer a comprehensive suite of features to streamline the planning process, enhance collaboration, and enable data-driven decision-making.
Benefit Resource Inc.
NOVEMBER 8, 2023
If you’re wondering what the difference is between a Medical Flexible Spending Account (Medical FSA) and a Dependent Care Flexible Spending Account (DC FSA), you are not alone. Maybe you didn’t realize there is more than one type of FSA to choose from. Participants often do not understand that separate elections must be made for Medical and Dependent Care Accounts.
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.
PayrollOrg
NOVEMBER 9, 2023
Learn which states have released their state unemployment insurance taxable wage bases for 2024 in a chart provided and updated by PAYO.
Employee Benefits
NOVEMBER 6, 2023
J.M. Image Factory/shutterstock_1864249615 Need to know: Employee benefits can play an important role in helping organisations meet their sustainability goals, as well as helping to attract and retain staff. Travel-related benefits, pensions and carbon-offsetting schemes can all help employees make a difference to their carbon footprint, and that of their employer.
HR Lineup
NOVEMBER 8, 2023
The workplace has been evolving at an unprecedented pace over the past decade, driven by technological advancements, changing work cultures, and global events that have forced businesses to adapt. As we step into 2024, the concept of the digital workplace has become more integral than ever before. The integration of technology and the adoption of remote work have reshaped how we work and interact in the professional world.
Workplace Insight
NOVEMBER 6, 2023
A formal notice has been issued to South Cambridgeshire District Council over its four-day working week trial, because the UK government says it wants ‘to ensure taxpayers’ money is well spent’ A Best Value Notice, issued by the Department for Levelling Up, Housing and Communities , formally sets out government concerns around the council and whether the trial offers value for money, including the removal of up to a fifth of the authority’s capacity.
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.
Employee Benefit News
NOVEMBER 6, 2023
A wage gap as soon as women enter the workforce — along with life-long financial hurdles like caregiving — prevent this demographic from prioritizing their long-term savings.
Employee Benefits
NOVEMBER 6, 2023
An employment tribunal has ruled that Lancashire County Council must pay out more than £800,000 to a teacher who was made to reapply for her job while on sick leave with cancer and then sacked. Anne Healey worked as an early years specialist for the council’s schools improvement service since 2012 after a teaching career. She was diagnosed with cancer in 2014 and had periods of sickness absence while undergoing chemotherapy.
HR Lineup
NOVEMBER 7, 2023
In today’s fast-paced business environment, employee training is a critical component of organizational success. As technology continues to evolve, employee training software plays an increasingly pivotal role in helping companies streamline their training processes, enhance employee development, and achieve their business goals. With 2024 just around the corner, we’ve compiled a list of the 10 best employee training software options that are expected to shine in the coming year.
Proskauer's Employee Benefits & Executive Compensa
NOVEMBER 6, 2023
A federal district court judge in the Eastern District of Kentucky has enforced an ESOP’s arbitration clause, sending P.L. Marketing Inc. employees’ breach of fiduciary duty claims on behalf of a putative class to individual arbitration. The case is Merrow et al. v. Horizon Bank et al. , No. 2:22-cv-123, 2023 WL 7003231, at *1 (E.D. Ky. Oct. 24, 2023).
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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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