Sat.Dec 10, 2022 - Fri.Dec 16, 2022

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Six ways to support employees with money worries

Employee Benefits

The current and growing cost of living crisis that’s now impacting so many people across the UK could prove to be even more of a disruptor to employees than the pandemic was. According to our recent survey , over 9 in 10 workers say the cost of living crisis is as worrying or more worrying than the COVID pandemic was. This means businesses who value their people will be wanting to find ways to provide support for workers with financial worries.

Finance 105
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How to choose a benefits administrator

PeopleKeep

If your organization is offering employee benefits , it’s essential that you use a benefits administration tool that helps you stay on top of compliance obligations. Benefits administrators can make it easy for employees to enroll in their perks, and they give your organization the training and resources it needs to keep its benefits running smoothly.

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3 ways to boost teamwork at your organization

Achievers

Teamwork and collaboration are the foundation of every great company culture, whether your workforce is fully in person, remote, or a combination of the two. There are few feelings like knowing you can rely on your teammates, and there are few things as satisfying as building genuine, lasting connections with them. A team-centered culture where everyone feels like they belong boosts alignment with your company vision and values, keeping everyone in sync as they work together towards a common goa

Health 188
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22 HR and benefit lessons we learned in 2022

Employee Benefit News

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The Ultimate Performance Review Checklist

Performance reviews are a proactive way to engage with your employees, provide clear communication about expectations, and acknowledge them for their hard work. But getting the right framework and creating consistency across your organization can be tricky. We put together this checklist to help you evaluate your current performance review process and equip managers with the right tools to perform individual assessments.

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6 Common Mistakes to Avoid When Choosing a Health Plan

CorpStrat

Health insurance may be one of the most critical annual purchases since it impacts your physical, mental, and financial wellness. Unfortunately, selecting a health insurance plan can feel overwhelming. With so many options, it can also be easy to make a mistake when selecting coverage. This article explores six common missteps related to selecting a health insurance plan.

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What Is Filing Status, and How Does It Affect Payroll?

Patriot Software

Withholding federal income tax from employee wages is a necessary (but tricky) part of running payroll. There is no standard amount you withhold from employee wages for federal income taxes. Instead, tax amounts are determined by factors like pay, Form W-4 withholding information, and filing status. But, what is filing status? You need to have […] READ MORE.

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3 integrated benefits options: Which is best for your employees?

Employee Benefit News

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Investment Insights for Uncertain Times

Money Talk

The year 2022 has been a time of great uncertainty for investors with periods of extreme volatility (i.e., sharp price movements of securities, both up and down). Times like these are a good time to revisit what we know to be tried and true about investing from decades of investment performance data. This knowledge can help calm frayed nerves and keep investors focused on their long-term goals.

Finance 176
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Affordable Care Act: Good Data Practices Can Lead to Better Compliance

HR Bartender

Estimated reading time: 5 minutes. (Editor’s Note: Today’s article is brought to you by our friends at ADP , a comprehensive global provider of cloud-based human capital management solutions. Industry analyst firm Nelson Hall recently identified ADP as a leader in both the small and medium business as well as mid to large market segments. Congrats to them!

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Want To Enhance Your Total Rewards To Achieve Organizational Success? Start Here.

Are you looking for ways to enhance your employee value proposition? Gallagher Better Works SM Insights has got you covered! Dive into the latest magazine issue and discover how flexibility, equity, recognition and strategically applied resources can improve your total rewards package. Download the PDF to learn more about: Building retirement benefits for a global and mobile workforce Promoting employee and organizational growth through succession planning Empowering women in leadership through

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How To Not Let Job Interview Feel Like An Interrogation

HR Digest

I had a job interview one time where the interviewer was nothing like I had expected. She was welcoming and nice, and she had a great smile on her face. It felt so unreal having such an interview and coming across such a great personality. I was amazed, to say the very least. Unfortunately, many of us have had to attend interviews that made us so uncomfortable and it looked like we were in on something other than the job.

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3 ways to care for your team’s mental wellbeing this holiday season (and yours too!)

Employee Benefits

Author: Jennifer Gendron – Global Chief Commercial Officer at Koa Health – Employee Mental Health and Wellbeing Solutions. The holidays can feel unduly stressful, as if all of us are rushing so that we can relax. With end-of-year deadlines and other time-sensitive priorities, everyone is trying to push one more deliverable over the finish line to spend quality time with their families.

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S.D.N.Y. Voids ERISA Plan’s Arbitration Provision

Proskauer's Employee Benefits & Executive Compensa

A district court in New York recently refused to enforce an arbitration provision in an ERISA fiduciary breach lawsuit challenging the valuation of an Employee Stock Ownership Plan (“ESOP”). The ruling in Lloyd v. Argent , No. 22-cv-4129, 2022 U.S. Dist. LEXIS 219964 (S.D.N.Y. Dec. 6, 2022), exposes the continued uncertainty as to the enforceability of arbitration provisions when applied to ERISA fiduciary breach claims.

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23 Pensive And Unique Christmas Wishes For Boss

Vantage Circle

Greeting our bosses on Christmas is something we all wish to do. Undoubtedly, you too may wish to pen down your heartfelt thoughts for the person who has an enormous impact on your life. But there may be times when you don't know how to convey your appreciation or wishes. You either fall short of words or run out of ideas. After all, appreciating and conveying Christmas greetings to your boss can be trickier than it seems.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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30 Recession-proof Jobs and Careers

HR Digest

The economy’s in the dumps , and it’s not looking like it’s going to get any better soon. So you’re probably wondering: how can I make sure I’ll have a job when this is all over? Well, we’ve got good news for you. There are some recession-proof jobs—meaning they’ll always be in demand regardless of what happens with the economy. .

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Charles Cotton: 2023 will bring a focus on low-cost wellbeing support

Employee Benefits

In today’s volatile, uncertain and complex world, making predictions for the coming month is difficult enough, let alone making them for 2023. The cost-of-living crisis has had, and continues to have, a significant and widespread impact on the world of work. Next year, it is likely the UK will be in recession, though the downturn’s duration and depth is uncertain.

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5+ Ways to Establish Taking Ownership as a Core Value at Work

BetterUp

In the business world, many things are out of our control. The economy, the stock market, interest rates, natural disasters, and world events can all impact our organizations in ways we can't change or predict.

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Dependent Eligibility Audits – What Are They and Why Should You Consider Conducting One?

International Foundation of Employee Benefit Plans

Anyone who works with health care benefit plans knows that costs keep going up. They also know they have a responsibility to make sure the plan is sustainable. Add into. Read more > The post Dependent Eligibility Audits – What Are They and Why Should You Consider Conducting One? appeared first on Word on Benefits.

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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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Never mind the workplace predictions, here’s some bollocks

Workplace Insight

Time of the year for looking backwards and forwards. For workplace predictions and retrospectives. The Economist announces that the word / term of the year is hybrid work. This is interesting because, although The Economist is using it as an interchangeable term for flexible working as many do, a great deal of energy is still expounded on defining exactly what it means.

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PAID VOLUNTEERING AND THE EMPLOYEE EXPERIENCE

Employee Benefits

When business leaders and HR managers sit down to think about how to boost their employee value proposition, conversations turn to the three pillars of well-being – financial, physical, and mental – and the employee benefits available. Whilst these form the basis of a robust well-being and retention strategy, other things matter to your employees that may not immediately spring to mind.

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New Law Yields Results, Prevents 9 Million Surprise Medical Bills

InterWest Insurance Services

As many as 9 million surprise medical bills have been prevented since January 2022 due to the impact of the No Surprises Act, according to a new report. This is the first data that indicates the law, aimed at eliminating surprise medical billing for insured patients getting emergency treatment, is working. The number of claims subject to protections of the law have far exceeded the federal government’s initial prediction, the report by AHIP Health Policy & Markets Forum and the Blue Cr

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Announcing a new & simplified BRIWEB registration process

Benefit Resource Inc.

December 14, 2022 – As a result of participant feedback and our efforts toward continuous improvement, we have revised the BRIWEB registration process for participants to make it easier for them to get on the web and manage their benefits. What’s changed? Modification of the values required for identity verification. In order to verify their identity, participants must enter their company code, first and last name, date of birth, and home zip code.

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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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People want their offices to perform more like hotels

Workplace Insight

Employees today want more ‘hotel-style’ amenities such as areas for socialising, state-of-the-art infrastructure, outdoor spaces, onsite cafes, air conditioning, and flexible work facilities to entice them back to offices, according to a new poll from MRI Software. The firm’s Workplace Report [registration] claims almost two-thirds (64 percent) of respondents say such hotel-style features impact their decision on whether to work for an organisation, including more than one in ten who see f

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Why financial wellbeing should be on an equal footing with mental and physical health

Employee Benefits

The Oxford Dictionary defines health as ‘the state of being free from illness or injury’. What’s important to note is that the explanation doesn’t refer to any particular division of health, whether that’s physical, mental or even financial. Rather, health relates to being in a fault-free condition. By this definition, health is made up of a multitude of areas, not just the usual presumed category of physical.

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Can Employers Help Employees Save (or Save More)?

AssuredPartners

The retirement landscape continues to evolve, from increases in longevity to Social Security reform to the pandemic. Today’s employers play a vital role in helping employees save and invest for retirement. With different needs and expectations, employers must first strive to understand the varying views of each generation. Baby Boomers (Born 1946 to 1964).

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10 Basic Employee Needs And How To Meet Them

Vantage Circle

When looking for employment, employees are looking for a paycheck and a job that meets their needs. These employee needs may vary from person to person, but the basic needs remain the same. Suppose we follow A Theory Of Human Motivation by A.H. Maslow. In that case, humans have 5 basic physiological, Safety, Social, Self-esteem, and Self-actualization needs.

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The Definitive Guide to Onboarding for 2024

Hiring a new employee is an expensive and time-consuming process. According to the Society for Human Resource Management (SHRM), it typically costs $4,425 to hire a new employee — not to mention the 36 days the average team spends trying to fill a position. Yet nearly 1 in 5 employees (16%) of employees quit in their first week — and 17% leave after the first month.