International Foundation of Employee Benefit Plans
NOVEMBER 1, 2023
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.
Wellable
NOVEMBER 1, 2023
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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TalentCulture - Employee Benefits
OCTOBER 31, 2023
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.
McDermott Will & Emery Employee Benefits
NOVEMBER 1, 2023
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.
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.
Employee Benefit News
NOVEMBER 1, 2023
Jeri Hawthorne, CHRO at Aflac, breaks down the gap between employer-provided benefits and employees' needs.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
Money Talk
NOVEMBER 2, 2023
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.
PayrollOrg
OCTOBER 31, 2023
On October 30, President Biden issued an Executive Order that establishes new standards for artificial intelligence (AI) safety and security.
Florida Workers' Comp
OCTOBER 29, 2023
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).
Workplace Insight
NOVEMBER 2, 2023
On the doorstep of the British Library, you will find Edouardo Paolozzi’s imposing statue of Sir Isaac Newton. At first glance, this position seems to make perfect sense. Where better for a monument to the Enlightenment’s poster boy than raised on a plinth at the entrance to the world’s second largest library? And yet, there’s more going on here than is evident at first glance.
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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.
Employee Benefits
OCTOBER 31, 2023
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.
PayrollOrg
NOVEMBER 3, 2023
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.
Business Management Daily
OCTOBER 30, 2023
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).
Workplace Insight
OCTOBER 30, 2023
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.
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.
Employee Benefits
NOVEMBER 2, 2023
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%).
PayrollOrg
NOVEMBER 2, 2023
The IRS announced the changes to the dollar limits on benefits and contributions under qualified retirement plans for tax year 2024.
Employee Benefit News
NOVEMBER 2, 2023
By capturing employee attention with popular benefits, employers can piggyback communication about the most valuable enhancements for their workforce.
Workplace Insight
NOVEMBER 3, 2023
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.
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.
Employee Benefits
NOVEMBER 3, 2023
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.
Proskauer's Employee Benefits & Executive Compensa
NOVEMBER 3, 2023
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.
UMB: Emplooyee Benefits
NOVEMBER 2, 2023
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.
Workplace Insight
NOVEMBER 1, 2023
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.
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 Benefits
NOVEMBER 1, 2023
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.
HR Lineup
NOVEMBER 2, 2023
The landscape of talent acquisition is continually evolving, and in 2024, organizations are seeking innovative and efficient ways to attract, engage, and hire top talent. To meet these evolving demands, companies are turning to talent acquisition software. These powerful tools streamline the recruitment process, from sourcing candidates to onboarding, and have become essential in today’s competitive job market.
HR Digest
OCTOBER 28, 2023
The overturning of Roe v. Wade last year was a particularly low point for women’s reproductive health and things have appeared to go downhill since, but California’s reproductive loss law tilts the scales back towards balance. The Reproductive Loss Leave Bill will now require employers to grant time off in case of an unfortunate reproductive loss event.
Workplace Insight
OCTOBER 30, 2023
We are highly sensitive to people around us. As infants, we observe our parents and teachers, and from them we learn how to walk, talk, read – and use smartphones. There seems to be no limit to the complexity of behaviour we can acquire from observational learning. But social influence goes deeper than that. We don’t just copy the behaviour of people around us.
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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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