Sat.Nov 05, 2022 - Fri.Nov 11, 2022

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A quarter of staff have had cost of living help from their employer

Employee Benefits

Just one-quarter (25%) of employees have received additional assistance from their employers to help manage the rising cost of living, outside of annual salary increases , according to HR services provider Randstad. The research, which surveyed 7,000 people across five markets, also revealed that 57% were not expecting any additional help in the next six months.

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Pros and cons of earned wage access (EWA)

PeopleKeep

As the average American worker struggles to keep up with inflation, it can be challenging for them to wait for their regularly scheduled paycheck. One study 1 found that 50% of hourly employees had no emergency savings at all, and almost 80% had less than $500 saved. This is why some employers are now offering earned wage access (EWA) to help their employees meet their financial needs in the middle of a pay period.

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25 Wonderful and Thoughtful Thanksgiving Gifts For Employees

Vantage Circle

The holiday season is quickly approaching, bringing a sense of happiness and joy to all of our workplaces. However, these holidays bring some new responsibilities for HR professionals, such as finding the perfect Christmas gifts or Thanksgiving gifts for employees. This is where we step in and help you find the perfect corporate gift ideas. What is Thanksgiving, and Why is it Celebrated?

Food 98
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9 Reasons why you should revolutionise your 2023 employee reward & recognition strategy

Sodexo Engage

Summary: Reimagine your 2023 reward and recognition strategy. Support financial wellbeing. Improve physical wellbeing. Prioritise mental wellbeing. 9 reasons for adopting change that will benefit your business. Reap the benefits in 2023 and beyond with Sodexo Engage. 9 Reasons why you should revolutionise your 2023 employee reward & recognition strategy.

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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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6 Tips for a Pain-Free Open Enrollment

CorpStrat

Is there such a thing as a pain-free Open Enrollment? We think so. Many employers are under the impression that they have their Open Enrollment process down, but studies show that about 41% of employees feel the Open Enrollment process at their company is extremely confusing. Benefit renewal happens to occur during the busiest time of the year: the holidays.

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Four Steps for Evaluating Your Plan’s Diabetes Coverage

International Foundation of Employee Benefit Plans

November is National Diabetes Month. Since diabetes affects one in eight adults in the United States and is a major driver of health plan costs, it may be a good. Read more > The post Four Steps for Evaluating Your Plan’s Diabetes Coverage appeared first on Word on Benefits.

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3 Financial Struggles Faced by Black and Latinx Gen Zers — And How Companies Can Help

Best Money Moves

3 financial struggles faced by Black and Latinx Gen Zers — and how companies can help. The number of Gen Z employees entering the workforce is on the rise. Here’s how to address the unique challenges facing the Black and LatinX Gen Zers on your team. . By 2025, Gen Z employees will comprise nearly one-third of the total workforce, according to data from the World Economic Forum.

Banking 72
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Tom Moyes: The importance of supporting and managing stress in the workplace

Employee Benefits

International Stress Awareness Week (7 – 11 November 2022) was founded in 2018 by the International Stress Management Association, and focuses on managing stress and running campaigns against the stigma associated with stress and mental health. Research published on 3 March 2022 by the London School of Economics and Political Science stated that work-related stress accounts for 50% of all work-related health issues and costs the British economy a minimum of £117.9 billion annually.

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Roth IRA Q&A

Money Talk

Roth IRAs are a popular investment for retirement savings. They are available to workers with earned income (i.e., salary, bonuses, or self-employment) under phaseout limits that are adjusted annually for inflation. Below are answers to nine commonly asked questions about Roth IRAs: What is a Roth IRA? A Roth IRA is a personal retirement account that lets people benefit from tax-free interest growth, providing they meet certain conditions.

Taxes 185
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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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Why Is Work Satisfaction Important in Every Workplace

HR Digest

Research shows that if employees are happy at work, they’ll be more productive, more creative, and more likely to stay with their company for the long term. That’s because happiness at work is linked with job satisfaction, which leads to higher performance for both employees and employers alike. It’s a common fact that employee satisfaction at work is linked to business success.

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Is your employee quiet quitting? Here’s your action plan

Insperity

Quiet quitting is the popular new Great Resignation -era term for an employee who hasn’t quit (yet), but definitely exists on a spectrum of disengagement. As employees become increasingly fed up with some aspect of their job or company, they may withdraw from others and withhold discretionary effort, instead just doing the bare minimum to get by without attracting too much negative attention.

PTO 112
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Royal National Institute of Blind People offers workforce financial education

Employee Benefits

Sight loss charity Royal National Institute of Blind People (RNIB) has provided access to financial education to its employees and others with sight loss. The charity partnered with global financial education benefit provider Nudge, which has made sure that its technology now complies with the web content accessibility guidelines. It has also been designed to be suitable for users with neurodiversity issues, compatible with a screen reader and accessible with a keyboard to ensure that it is suit

Education 111
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Online Leave Management System: 7 Ways Leave Management Software Helps New And Existing Employees

Qandle

Using email, physical documents, and electronic spreadsheets leaves human resources open to errors. Payroll processing mistakes, a lack of resources, and regulatory noncompliance are all examples. Periodically measuring, monitoring, and managing workers’ leaves is a tedious task that cannot be simplified by using even Google Forms. Therefore, understanding the merits of a web-based leave management system is crucial.

Software 105
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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 Emotional Intelligence Is the Path to Effective Leadership

HR Digest

The ability to manage your own emotions and the emotions of others is called emotional intelligence in leadership. Research shows that people with high emotional intelligence are more likely to be successful in their careers, and they are more likely to be seen as leaders in their organizations. People with this skill can identify, assess and manage their own emotions as well as the emotions of others effectively.

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46 Amazing Recipes For Thanksgiving Potluck In Office

Vantage Circle

The first image that comes to mind when we think of Thanksgiving is of a delicious, comforting, and (sometimes) extravagant feast. A full table laden with several courses of delicious delicacies with the turkey at its center. For a holiday centered around food, what better way to celebrate this day than by hosting a Thanksgiving potluck at the workplace?

Food 105
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What Hustle Culture Is And 5 Ways to Prevent It

BetterUp

We’ve all heard about hustle culture. It’s a notion embedded deeply into our societal and professional norms. In fact, it’s been romanticized as something we know as the American Dream. This idea is that anyone anywhere can reach their goals if only for one thing: they hustle and work hard to achieve them. But we also know there are some real problems with burnout and stress.

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Problems at Twitter, grease proof chairs, and the trouble with AI

Workplace Insight

The level of layoffs at several Big Tech firms has been the main source of news and comment over the past week or two. Around 11,000 people at Facebook and another 7,500 at Twitter are to be made redundant. Elon Musk then ensured the conversation moved on by forbidding remote work completely. This is a blasphemous act in the era of wars for talent, great resignations and quiet quittings , and inevitably he has been roundly denounced for it.

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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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PWC launches discount scheme and virtual financial wellbeing support

Employee Benefits

Professional services firm PricewaterhouseCoopers (PWC) has introduced a new shopping discounts portal for its 22,000 UK employees, as well as hosting virtual events to help support financial wellbeing. The portal, provided by Reward Gateway, replaces an older system and aims to give staff easier access to a wider range of discounts than was previously available.

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Combat Working in Silos with Microsoft Teams and Vantage Rewards

Vantage Circle

In the wake of the Covid-19 Pandemic, technology came into play to connect people caught indoors. The Covid-19 pandemic has altered the way we live, think, and socialize with one another. Classrooms became silent, and offices turned into abandoned workplaces. People began relying on technology for work, education, communication, and sustaining relationships with loved ones.

Health 105
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The Digital Employee Experience (DEX): 6 Virtual Retention Tactics

BetterUp

With the increase in remote and hybrid work, a digital employee experience is more important than ever. Technology has enabled employees to work from kitchen islands, dining room tables, and corner coffee shops. Yet in order to attract and retain top talent, organizations need to invest in creating a positive digital experience (DEX).

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Summing up where the office now stands in the scheme of things

Workplace Insight

The argument about what it takes to encourage people to come into the office more often seems to have boiled down to an equation. It’s now common to hear somebody argue that the office has to be worth the commute it takes to get to it. So, if you want people to spend more time in the building, you need to do the maths. O must be greater than or equal to C.

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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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How to create a return-to-work support plan for newly injured or ill staff

Employee Benefits

A return-to-work plan should be devised collaboratively between the employer and employee. The best plans will be flexible depending on the condition and circumstances involved, continually evolve, be kept under review and aim to achieve a sustainable return. Having holistic benefits, such as using the value-added services provided alongside group risk products , can help with long-term support and recovery.

Medical 98
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Best Practices for Avoiding Electrical Risks

AssuredPartners

Electrical risks are one of the most overlooked hazards in agriculture. According to the National Ag Safety Database (NASD), thousands of workers are shocked and burned due to accidental contact with electricity each year, and an estimated $1.2 billion in property damage occurs because of faulty electrical usage. Accidents happen for a variety of reasons.

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Building Influence Without Authority: 7 Tips

BetterUp

Jump to section. Why cultivate influence without authority. The traits of an unofficial leader. How to influence without authority. Turning influence into actual authority. The risks of managing without authority. Be the change you want to see.

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Disability pay gap rises despite greater awareness and efforts of campaigners

Workplace Insight

Non-disabled employees now earn around 17.2 percent more on average than disabled workers in 2022, an increase from the 16.5 percent disability pay gap last year, according to analysis published by the Trades Union Congress (TUC). The research suggests that the disability pay gap for 2022 was £2.05 an hour, or £3,731 per year for those working a 35-hour week.

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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.