Sat.Nov 04, 2023 - Fri.Nov 10, 2023

article thumbnail

Maximizing Your “Financial Gap Years”

Money Talk

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.

Pension 185
article thumbnail

How to set up an individual coverage HRA (ICHRA)

PeopleKeep

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Inclusive office design is essential if we want offices to be worth the commute

Workplace Insight

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.

Utilities 119
article thumbnail

Ovo Energy aligns green benefits to company purpose

Employee Benefits

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.

Pension 105
article thumbnail

Creating a Company Culture of Care: Integrating Mental Health, Wellbeing, and DEI in Benefits

Speaker: Sean Raible

Picture a workplace where physiological safety is not just an aim but a reality, driven by thoughtful employee benefits that prioritize mental health, wellbeing, and DEI. 🤔 ✨ Achieving this vision requires more than just occasional training sessions and employee assistance programs. Moving beyond the basics, this vision calls for a holistic approach that integrates these elements into your company culture as well as your HR and benefits strategy.

article thumbnail

Artificial Intelligence: Is It Okay for Job Seekers to Get Help With Their Job Search

HR Bartender

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.

IT 142

More Trending

article thumbnail

IRS Announces 2024 COLAs for Transportation Fringes, FSA Deferrals

PayrollOrg

The IRS released cost-of-living-adjustments (COLAs) for 2024 reflecting any increases in excludable transportation fringes and flexible spending arrangements (FSAs).

article thumbnail

Government to legislate to retain rolled-up holiday pay

Employee Benefits

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.

article thumbnail

How to manage someone who doesn’t respect your authority

Business Management Daily

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.

article thumbnail

The Workplace Cocktail Hour. Chris Moriarty on AI, toxic workplaces and more

Workplace Insight

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.

IT 111
article thumbnail

New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

article thumbnail

Compliance TV: Social Security Wage Base Increases for 2024; IRS Releases 2023 ACA Forms, Plus Announces ERC Claims Withdrawal Process; and more

PayrollOrg

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.

104
104
article thumbnail

Ways to help staff improve self care at work

Employee Benefits

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.

article thumbnail

A Worthy Send-Off: How to Conduct an Exit Interview

HR Digest

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.

article thumbnail

Economies need to cut carbon emissions by 7 percent annually to hit Paris target

Workplace Insight

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

article thumbnail

6 Strategies to Navigate Social Determinants of Health for a Better Workplace

In today’s dynamic work landscape, where the lines between personal and professional life blur, understanding the intricate interplay between social determinants of health (SDoH) and emotional wellbeing is paramount. Employers must acknowledge that the whole person comes to work and every aspect of a person’s personal and professional life, especially their mental health, comes with them.

article thumbnail

Free PAYO eBook Has Your Payroll Answers

PayrollOrg

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.

Payroll 104
article thumbnail

Lovewell’s logic: Is it too soon to mention *whisper* Christmas?

Employee Benefits

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.

IT 105
article thumbnail

Why women can't afford to retire

Employee Benefit News

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.

article thumbnail

5 Surprising Statistics About the State of Employee Financial Wellness

Best Money Moves

5 surprising statistics about the state of employee financial wellness. Economic uncertainty has reshaped how employees think about their benefits. Here are key insights into the state of employee financial wellness. Economic uncertainty throughout the past few years has reshaped how employees think about their benefits. In their 2023 Workplace Benefits Report , Bank of America surveyed 800+ American workers, examining the success of their benefits programs.

401(k) 101
article thumbnail

HR Trends to Watch in 2024 + Plus Advice for Driving Impact!

The pressure is on to create a positive onboarding experience. Plus, a sub-par onboarding process can domino into other concerns such as low performance, burnout (for you and new hires), and retention challenges. Our 2024 State of HR report will give you a realistic picture of the HR landscape and tips to onboarding effectively in the year to come.

article thumbnail

State Unemployment Insurance Taxable Wage Bases for 2024

PayrollOrg

Learn which states have released their state unemployment insurance taxable wage bases for 2024 in a chart provided and updated by PAYO.

Insurance 104
article thumbnail

How to ensure parental leave policies are inclusive

Employee Benefits

Employers should start by exploring what potential and current employees are looking for in an inclusive parental leave policy. The use of gender inclusive language in parental leave policies helps to avoid primary caregiver assumptions and ensures all employees feel included. Regularly reviewing policies and seeking employee feedback are also important actions to take.

article thumbnail

Doom scrolling, heavy totes and lumbar support pillows: 5 bad habits hurting your body at work

Employee Benefit News

A physical therapist from Brooks Rehabilitation shares the ways workers are unconsciously putting their bodies in pain-inducing positions.

article thumbnail

The best advice from Inc. 5000 winners on achieving fast growth

Insperity

Wondering how to achieve fast growth for your business – the right way? Insperity spoke with three leaders of companies who were recognized on the Inc. 5000 2023 list of America’s fastest-growing companies: Matt Lafata, president and CEO of HRchitect Tracy Call, founder and CEO of Media Bridge Advertising Amy Deaton, COO of EvidenceCare In this blog, we have their top insights for early-stage business leaders looking for aggressive expansion.

Health 99
article thumbnail

Improving Access To & Utilization Of Cancer Screening With Color

Discover how Color's comprehensive care solution is revolutionizing cancer screening adherence and knowledge. Through an in-depth case study, Color's unique approach to comprehensive cancer care has shown significant benefits in increasing screening rates and enhancing patient knowledge. Participants reported a 2-3x increase in adherence to screening guidelines over just 8 weeks, with 84% of participants increasing their familiarity with timing and frequency of cancer screening.

article thumbnail

Compare: Medical FSA and Dependent Care FSA

Benefit Resource Inc.

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.

Medical 98
article thumbnail

How to structure a sustainable reward strategy

Employee Benefits

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.

Pension 105
article thumbnail

Workplace Violence Prevention Bill Signed into Law

InterWest Insurance Services

Gov. Gavin Newsom has signed into law a measure that will require nearly every employer in California to have in place a workplace violence prevention plan. The expansive new law, which takes effect July 1, 2024, will require any company with at least one worker to “establish, implement and maintain” a workplace violence prevention plan, as well as require employers to conduct annual workplace violence prevention training and to keep an incident log of violent incidents in the workpl

article thumbnail

20 Best Black Friday Marketing Strategies to Try in 2023

Qandle

As the holiday season approaches, businesses worldwide are gearing up for the most significant shopping event of the year – Black Friday. With consumers eagerly anticipating incredible deals, it’s crucial for businesses to have a solid marketing strategy in place. In this comprehensive guide, we will delve into the 25 best Black Friday marketing strategies for 2023.

Retail 98
article thumbnail

Individual Development Plan Template

There’s no way around it: sometimes employees need your help. Use this free template to clarify expectations, share resources, and set a timeline. Best case scenario, this process helps them improve. Worst case, your great recordkeeping keeps you compliant even if they move on. Download the template today!