Sat.Oct 28, 2023 - Fri.Nov 03, 2023

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Benefit Trends Making Headlines: What to Know Now

International Foundation of Employee Benefit Plans

Weight loss drugs have remained the headlines for most of 2023 due to their impact on diseases like obesity and diabetes. We asked Barbara A. Martinez, National Practice Leader, Drug Solutions at Canada Life to share her insights on benefit trends, GLP-1 […] The post Benefit Trends Making Headlines: What to Know Now appeared first on Word on Benefits.

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Adapting Benefits For A Multi-Generational Workforce

Wellable

With low job satisfaction rates across generations, tailored benefits emerge as a solution to appeal to a multi-generational workforce. The post Adapting Benefits For A Multi-Generational Workforce appeared first on Wellable.

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Earned Wage Access: Why HR Leaders Shouldn’t Fear This Breakthrough Benefit

TalentCulture - Employee Benefits

The pandemic and inflationary conditions are putting extraordinary pressure on workers to provide for their families. In fact, the U.S. government estimates that nearly 40% of citizens would struggle to cover the cost of a $400 emergency. What’s more, 60% of survey respondents told Bankrate they’re falling behind in saving for an unexpected expense.

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IRS Announces 2024 Employee Benefit Plan Limits

McDermott Will & Emery Employee Benefits

The Internal Revenue Service recently announced the cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans for 2024. Certain health and welfare plan limits have not yet been released. Most of the dollar limits that are subject to adjustment for cost-of-living increases will increase for 2024.

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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.

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Higher deductibles, premiums and co-pays: Aflac previews healthcare in 2024

Employee Benefit News

Jeri Hawthorne, CHRO at Aflac, breaks down the gap between employer-provided benefits and employees' needs.

More Trending

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Finding Meaning and Purpose in Later Life

Money Talk

The statistics are startling! According to a 2020 study , 28% of retirees suffer from depression. That’s almost 3 in 10 older adults! As blogger Fritz Gilbert wrote in his Retirement Manifesto blog , “that’s a shockingly high number and far too little is written about this problem.” He went on to note that “those forced into retirement (i.e., through downsizing or illness) are especially prone to experiencing the challenge of depression.

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President Biden Issues Executive Order to Establish AI Standards

PayrollOrg

On October 30, President Biden issued an Executive Order that establishes new standards for artificial intelligence (AI) safety and security.

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Words, Meanings, and Questions

Florida Workers' Comp

Words have meaning. They are the tool of lawyers everywhere, and the law often turns on the use of them. The expressions may be in statute or contract. They may be written or spoken. Their meaning may be patent, or subject to interpretation. There are times that even the punctuation between them will bring meaning or doubt. See I Never Knew Oxford had a Comma (March 2017).

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87% of employers have heard wellbeing concerns from staff

Employee Benefits

The majority (87%) of organisations have been approached by an employee in the past 12 months to discuss concerns relating to their wellbeing, according to new research from Mintago. The fintech startup surveyed 503 senior managers within UK-based organisations in both the public and private sector, and found that mental health (48%), job satisfaction (43%) and financial wellbeing (40%) were the most prevalent concerns that employees spoke to their managers about.

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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.

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Half of people would reject a job with no flexible working

Workplace Insight

The latest report outlining how the lack of some or other workplace feature would lead to mass resignations and job rejections arrives from recruitment firm Robert Half. And yes, we do wish PR companies and their clients would knock it off now. If we added up all these polls, nobody would stay in or accept any job. According to the poll, a lack of flexible working would drive almost half of UK workers to reject a job offer.

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Child Support Report Features Independent Contractor Model Legislation

PayrollOrg

Read PAYO’s article, “Model Act for Independent Contractor Reporting” in the October edition of the Child Support Report, published by the federal Office of Child Support Services.

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Pet insurance or life insurance? Help employees select the voluntary benefits they need

Employee Benefit News

By capturing employee attention with popular benefits, employers can piggyback communication about the most valuable enhancements for their workforce.

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88% experiencing more symptoms of burnout

Employee Benefits

Almost nine in 10 (88%) Britons are experiencing more burnout symptoms than usual, according to research by Cigna Healthcare. Its 2023 Vitality study , which surveyed 10,800 respondents in the US, UK, Netherlands, Spain, Belgium, Switzerland, Kenya, the UAE, Saudi Arabia, China, Singapore, and the Hong Kong SAR, also found that half (49%) of respondents cited the ongoing cost-of-living crisis as the largest cause of stress, followed by personal finance (38%).

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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.

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Reimagining the workplace: three keys to wellbeing, connection, and change

Workplace Insight

Herman Miller has introduced a new framework that helps organisations uncover the purpose of their workplace. The approach addresses the human needs of employees to improve their wellbeing, fosters a sense of community and connection, and helps organisations navigate, prepare, and design for change. The firm sets out its thinking here. The last few years have completely upended traditional notions of the workplace.

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IRS Announces 2024 Retirement Plan Contribution, Benefit Limits

PayrollOrg

The IRS announced the changes to the dollar limits on benefits and contributions under qualified retirement plans for tax year 2024.

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The top technical and soft skills that look good on a resume

Business Management Daily

What does the skills section of your resume look like? Is it a concise, ever-changing list of skills directly correlating to each job you’re applying to? Or is it an unorganized mishmash of various job skills? If it looks like the latter instead of the former, don’t worry. By the end of this article, you’ll know how to develop a stellar skills section that’s impressive, succinct, and contains crucial keywords that align with the employer’s applicant tracking systems (ATS).

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Lyft and Uber agree to $328m settlement after pay and benefits were withheld

Employee Benefits

Credit: Sundry Photography / Shutterstock.com Ride-share firms Lyft and Uber have agreed to pay $328 million (£262 million) in settlements to current and former drivers following investigations by New York Attorney General Letitia James. The multi-year investigations into Uber and Lyft found that pay and benefits available under New York labor laws had been withheld from more than 100,000 New York drivers.

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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.

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Third of firms have adopted AI to replace or augment employees’ roles this year

Workplace Insight

According to Owl Labs ’ annual State of Hybrid Work Report , 32 percent of employees believe that AI will help them do their jobs more efficiently, while a further 22 percent think AI will create new jobs allowing their teams to grow. However, uncertainty around AI regulation and safety is causing ‘AI anxiety’ to grow, with nearly 1 in 5 UK workers (17 percent) concerned that AI will steal their jobs.

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IRS Releases Annual Increases to Qualified Retirement Plan Limits for 2024

Proskauer's Employee Benefits & Executive Compensa

On November 1st, the IRS released a number of inflation adjustments for 2024, including to certain limits for qualified retirement plans. As expected, this year’s adjustments are more modest than last year’s significant increases. The table below provides an overview of the key adjustments for qualified retirement plans.

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3 Ways to Improve Your Employee Benefits Communication

Best Money Moves

3 ways to improve your employee benefits communication. Use these 3 strategies to improve your employee benefits communication and help your team make the most of your benefits offerings. Even the most robust employee benefits programs can fall flat without clear communication. More than 40% of employees do not feel adequately informed about the programs their employers offer, according to a Financial Health Network poll.

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How to support employees with better sleep habits

Employee Benefits

Symptoms of a lack of sleep in employees can include reduced concentration, impaired mobility and decreased reaction times. Sleep management and ensuring a better work-life balance should be a part of health and wellbeing strategies. Leading from the top down is effective in addressing that not prioritising rest results in poor long-term performance and wellbeing.

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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.

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When war breaks out, can employers keep a global workforce safe?

Employee Benefit News

In the wake of the Israel-Hamas war, an international security expert urges employers worldwide to revamp emergency planning for a global workforce.

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Tuition assistance: Supporting your higher education goals

UMB: Emplooyee Benefits

UMB is proud to support associates with tuition reimbursement so they can pursue higher education. Discover what associates say about the program. The post Tuition assistance: Supporting your higher education goals appeared first on Financial insights for individuals and businesses.

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10 Benefits of Choosing the Best HR Software with an HRMS Portal: A Comprehensive Guide

Qandle

In today’s rapidly evolving business landscape, managing human resources efficiently is paramount for any organization’s success. With the advancement of technology, businesses are increasingly turning to Human Resource Management Systems (HRMS) integrated with robust HR software solutions. In this detailed and informative blog post, we will explore the top 10 benefits of selecting the best HR software with an HRMS portal.

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Octopus Investments provides sleep support through wellbeing hub

Employee Benefits

Octopus Investments offers its 750 UK employees a range of support tools to help with their sleep as part of its wellbeing hub. Through the hub, the financial services firm’s employees can access a premium Headspace account which has dedicated sleep support from guided meditations, sleep casts, music and soundscapes. Emma Ryan, co-wellbeing lead at Octopus Group, says: “We also offer sleep support through Wellness Cloud, which provides one-to-one consultations to our employees in lots of a

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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!