Sat.Jan 20, 2024 - Fri.Jan 26, 2024

article thumbnail

8 Perks You May Not Realize Are In Your Employee Benefits Plan

CorpStrat

As we settle into 2024, many teams have recently renewed their Employee Benefits plans. It’s the perfect time to take a closer look and remind your employees about the fantastic, often underutilized benefits these plans offer. From free to low-cost options, these benefits are not just perks – they’re valuable resources for your employees and their dependents.

article thumbnail

Health insurance options for franchises

PeopleKeep

Franchises are a common type of organization in the U.S. In 2023, there were 805,000 franchises nationwide, generating $860.1 billion in revenue 1. Because of their potential for higher profits under the umbrella of a recognized brand, franchise businesses are often a draw for entrepreneurs. But as with any other business, you must know your health insurance obligations before hiring workers.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How flexible working hours, competitive pension benefits, and mental wellbeing support can engage the Gen Z workforce

Employee Benefits

Here are 5 benefits to engage your Gen Z workforce H1; The Five Benefits That Gen Z Want in the Workplace Gen Z will comprise a third of the workforce within the next few years. So what benefits must companies adopt in order to attract and retain this new generation of talented employees? Born after 1995, Gen Z is slowly replacing retiring Baby Boomers within the workforce.

article thumbnail

The State of Employee Benefits Following Open Enrollment 2023

Winston Benefits

For most, the start of a new year marks a fresh beginning; however, for many HR professionals, January means the end of open enrollment (OE). While OE certainly brings about its challenges for HR and benefits professionals, it also can give them a clearer idea of what’s working and what’s not for their employees. This … Continue reading "The State of Employee Benefits Following Open Enrollment 2023" The post The State of Employee Benefits Following Open Enrollment 2023 appeared first on Wi

article thumbnail

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.

article thumbnail

Does crypto currency have a role to play in employers’ pay strategies?

Employee Benefits

Need to know: Crypto currency is still unusual in pay strategies with early adopters predominately technology businesses and the professional services firms that support them. Crypto currency is subject to income tax when an employee receives it but could also incur a capital gains tax charge if they hold it for more than 30 days. The growth of digital and micro payments over the next 10 years could see crypto currency become more common in pay strategies, especially for incentive schemes and gl

More Trending

article thumbnail

Three States, Virgin Islands May Face Credit Reduction for 2024

PayrollOrg

The U.S. Department of Labor released its list of potential FUTA credit reduction states for 2024, and they are California, Connecticut, New York, and the Virgin Islands. The determination will be made after November 10, 2024.

IT 104
article thumbnail

London’s office market is reshaping the city and the way people experience the workplace

Workplace Insight

London’s office market continues to adapt to evolving workforce demands. The normalisation of hybrid and flexible working since the pandemic remains the biggest cultural shift that the office sector has witnessed in decades. In addition to the rise in demand for quality-as-a-must in 2023, collaboration, culture, and connectivity will lead the charge for office space trends in the year ahead.

article thumbnail

Lidl GB gives pay rise to 26,000 hourly-paid employees

Employee Benefits

Supermarket Lidl GB is to give its 26,000 hourly-paid employees a pay rise as part of a £37 million investment into their wages. From 1 March, entry level rates will increase from £11.40 to £12 outside of the M25, rising to £13 with length of service. For those working within the M25, wages will increase from £12.85 to £13.55, increasing to £13.85 over time.

article thumbnail

Make a Promise to Conduct Better Meetings In the Year Ahead

HR Bartender

Estimated reading time: 4 minutes I came across an article recently on CNBC that said 90% of companies plan to implement return to the office policies by the end of 2024. This isn’t surprising. Organizations have been talking about return to the office policies mandates for quite some time. That’s not what I want to talk about today. I want to talk about meetings.

article thumbnail

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

article thumbnail

IRS Updates Filers on Issues in IRIS Working Group Meeting

PayrollOrg

IRS provided filers with updates on the Information Returns Intake System (IRIS) during its January working group meeting.

IT 104
article thumbnail

Chance to retrofit offices is going begging, report claims

Workplace Insight

The UK Green Building Council (UKGBC) has launched new guidance on retrofitting large office buildings. Setting out the most cost- and carbon-effective retrofit measures in the immediate and longer term, the guidance reframes retrofit as an iterative process rather than a standalone project. UKGBC has found that significant opportunities are being missed by office investors, owners, and occupiers who do not have clear strategies to retrofit offices in place.

Banking 111
article thumbnail

Bain and Gray becomes employee owned

Employee Benefits

Credit: Andrew Ogilvy Photography London-based executive support recruitment firm Bain and Gray has become an employee-owned firm by establishing an employee ownership trust (EOT). The EOT gives the organisation’s 20 employees a stake in the business, a greater say in how it is run and an annual share of its profits. Co-founders Emily Bain and Claire Gray will remain as managing director and finance director respectively, to ensure continuity of service.

article thumbnail

What is an exclusive provider organization (EPO) plan?

PeopleKeep

Choosing the right health insurance plan can be a complex decision. With so many options available for employers and individuals, it’s important to educate yourself about the different types of plans available.

article thumbnail

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.

article thumbnail

A Comprehensive Guide to Joining Letter Formats with Sample Templates

Qandle

Embarking on a new professional journey is an exciting yet crucial phase in one’s career. One of the key documents that mark this milestone is the joining letter. In this comprehensive guide, we’ll explore the importance of a joining letter, its components, and provide sample templates to help you craft a document that ensures a smooth onboarding process.

Salary 105
article thumbnail

Third of UK adults experience a high level of stress each year

Workplace Insight

Over a third of adults experienced high or extreme levels of pressure and stress always or often in the past year (35 percent), according to the new annual report from Mental Health UK. The report warns that the UK is at risk of becoming a ‘burnt-out nation’. Against a backdrop of rising levels of people out of work due to long-term sickness, the polling of over 2,000 UK adults by YouGov for the Mental Health UK reveals that one in five workers (20 percent) needed to take time off due to poor me

Overtime 111
article thumbnail

Mitie, The Perfume Shop and NFU Mutual UK certified as UK top employers

Employee Benefits

Facilities management employer Mitie, The Perfume Shop, pharmaceutical firm Thornton and Ross, and insurer NFU Mutual UK have been certified as UK top employers. Created by the Top Employers Institute, the UK top employer accreditation recognises employers’ commitment to HR initiatives and practices. They must demonstrate how they support employees across 20 areas of HR, including people strategy, work environment, talent acquisition, learning, diversity, equity and inclusion , and wellbeing.

article thumbnail

When is hiring season?

PeopleKeep

In today's competitive labor market, you have to stay ahead of the game when it comes to recruitment. The hiring season refers to the peak times when job seekers actively search for new opportunities and companies seek to fill vacant positions. Understanding when the hiring season occurs can give you a competitive edge in attracting top talent.

article thumbnail

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?

article thumbnail

How to help an employee who’s burned out

Business Management Daily

Prior to coming on board as the new departmental manager, Andrew heard a great deal about an employee named Kristen. When he looked over past performance reviews to get a feel for his new team, her evaluations stood out as particularly stellar. Bosses described her as passionate, reliable, productive, and accommodating. Even in the notes the previous manager left for him, she merited individual mention: “Rely on Kristen when you need something done.

PTO 105
article thumbnail

Salford’s record breaking sustainable office building reaches completion

Workplace Insight

The City of Salford is now home to Eden , one of the UK’s most sustainable office buildings, containing Europe’s largest living wall. From the site of a derelict surface car park with no benefits to the people of Salford, English Cities Fund (ECF) has created a 115,000 sq ft development that will transform this neglected urban area into a diverse mixed-use destination and form a key part of ECF’s £1bn regeneration of the Salford Central area.

IT 110
article thumbnail

Taylor Wessing includes crypto tokens in recognition programme

Employee Benefits

Global law firm Taylor Wessing introduced an incentive programme in 2023 , enabling its UK lawyers to award, trade and redeem crypto tokens, known as LAW Tokens. Paul Thorpe, a partner at Taylor Wessing and one of the leads on the initiative, says there are several reasons behind the programme. “We’re a leading legal services firm for blockchain companies so it shows our clients we understand and back the technology,” he explains.

Taxes 105
article thumbnail

50+ Employee Engagement Activities for Modern Teams (2024 Edition)

Vantage Circle

With unexpected upheaval reshaping workplaces, actively nurturing employee engagement has become mission-critical. However, traditional engagement activities often ring hollow to workers demanding flexibility, purpose, and authenticity after the pandemics seismic shifts. That is why we compiled this expanded 2024 edition outlining over 50 innovative employee engagement activities tailored to modern teams.

Food 101
article thumbnail

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.

article thumbnail

How to Get Your Life Together: 10 Steps & Checklist

BetterUp

Learn how to get your life together by following 10 steps to regain control. Find out how to goal-set, plan, ask for help, and take care of yourself.

111
111
article thumbnail

Less than half of executives consider the impact of organisational change on people

Workplace Insight

A new poll from O.C. Tanner claims that less than half of UK leaders (47 per cent) take their employees into account when deciding to enact business-wide changes. And just 44 per cent of UK senior leaders seek employee opinions as changes are rolled-out. These are the findings from O.C. Tanner’s 2024 Global Culture Report which gathered data and insights from more than 42,000 employees, leaders, HR practitioners, and executives from 27 countries worldwide including 4,818 from the UK.

article thumbnail

NDA receives menopause-friendly accreditation

Employee Benefits

Nuclear Decommissioning Authority (NDA) has achieved menopause-friendly employer accreditation in recognition of its support for employees affected by the menopause. The accreditation, which was established by Henpicked: Menopause In The Workplace, recognises high standards and workplace practices that embrace the condition. Employers are assessed and must demonstrate evidence of their support in the areas of culture, policies and practices, training, engagement , facilities and evaluation.

Banking 105
article thumbnail

Cancer survivor and caregiver: The workplace benefits that supported this VP

Employee Benefit News

Lesli Marasco, VP of global benefits and well-being at AbbVie, shares her story as a cancer survivor and caregiver for her parents after their cancer diagnoses.

article thumbnail

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.