Sat.Dec 02, 2023 - Fri.Dec 08, 2023

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46% believe an ethical employer is more important than a higher salary

Employee Benefits

Nearly half (46%) of employees said that working for an ethical employer is more important to them than a higher salary , according to new research by PR agency Unhooked Communications. It surveyed 2,015 UK adults on what they look for in an employer and what motivates them in their work for its HR unhooked pr and marketing report , and found that those aged 25-34 (54%) and those working in the environment and energy sector (65%) were most likely to agree that an ethical employer is more importa

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Employee Benefits Notice Requirements for 2024 | BerniePortal

BerniePortal

HR pros know that compliance is crucial to their organization’s success. Although you may prefer to focus on more strategic objectives—such as recruitment , retention , or performance management —it should be a priority to comply with laws governing benefits administration. Otherwise, your organization’s bottom line could be eaten up by federal fines.

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10 surprising FSA-eligible purchases you can make before the end of the year

Employee Benefit News

FSA Store lists creative ways account members can spend their remaining balances before the Dec. 31 deadline.

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Can Emergency Withdrawals Replace Emergency Savings?

International Foundation of Employee Benefit Plans

One of the first pieces of advice every personal finance guru will give you is “build up your emergency savings.” The advice has become as ubiquitous as it is effective. An emergency savings account (usually set at 3-6 months of a person’s […] The post Can Emergency Withdrawals Replace Emergency Savings? appeared first on Word on Benefits.

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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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Flexible workplace provider creates ‘first ever’ metaverse office

Workplace Insight

The flexible workplace provider Clockwise has opened what the firm claims is the first office space in the metaverse, the Clockwise Campus. According to Microsoft, 51 percent of Gen Z expects to be working in the metaverse in some capacity by 2024. The firms say the space is heavily influenced by Clockwise’s physical offices and provides a digital platform for its members and the public to connect, collaborate and interact in various spaces including; meeting rooms, dedicated desks, breakout sp

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2024 workforce predictions: technology, ageism, and the flexibility to stop being so flexible 

Achievers

If the past few years have reminded us of anything, it’s that change is constant and in order to keep up, organizations must continue to pivot. As 2024 takes shape, we expect to see a bit of a shake-up, with HR prioritizing key areas such as the employee-employee relationship, fostering trust during change, an unsettled talent market, defining workplace flexibility, and the pressures and opportunities of technology in the HR space.

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Change the Conversation: UKG HR and Payroll eSymposium

HR Bartender

Estimated reading time: 6 minutes (Editor’s Note: Today’s article is brought to you by our friends at UKG – Ultimate Kronos Group , a leading provider of HR, payroll, and workforce management solutions. The NelsonHall NEAT report recently named UKG a leader in the next generation HCM technology market. Congrats to them and enjoy the article!) Mark your calendars!

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PWC introduces neurodiversity training programme

Employee Benefits

Professional services firm PricewaterhouseCoopers (PWC) has rolled out a neurodiversity interactive learning programme to all of its 32,640 UK employees. Titled Great Minds (don’t think alike), the programme explores the topic of neurodiversity and includes bite-sized resources, as well as stories and experiences from PWC employees. It has been designed to help build understanding of neurodiversity and what it means to be neurodivergent.

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Year-End Tax Moves to Save Money

Money Talk

As the year winds down so, too, does your opportunity to take proactive steps to reduce 2023 income tax due in April 2024 and, perhaps, taxes due in future years as well. Below are some money-saving tax planning strategies to consider. Seek professional advice as needed. Early RMD Withdrawals - The “financial gap years” between age 59½ and 73 (or 75 if born in 1960 or later) are when there are no longer penalties for withdrawals from tax-deferred accounts but required minimum distributions are n

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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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Xylazine

Florida Workers' Comp

US News reports that there is a new and dangerous trend emerging in the overdose crisis. By now, everyone living above ground has grasped the heroin threat of yesteryear, the Opioid crisis that has marred the twenty-first century, and the present dire situation with Fentanyl. But have you heard of Xylazine? In a recent article, the everyday world is introduced to this emerging threat, a "horse tranquilizer," that is impacting those who seek solace and comfort in the world of recreational pharmac

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IRS Releases 2024 Tables That Will Be Available in Publication 15-T

PayrollOrg

In late November, the IRS released a worksheet containing the tax tables that will be included in the 2024 Publication 15-T, Federal Income Tax Withholding Methods.

Taxes 104
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Tailored workplace management for modern organisations

Workplace Insight

Workplace management used to be a secondary concern for organisations in the past, but it has now become a top priority. The COVID-19 pandemic has accelerated the process of digital transformation, leading to the implementation of new processes and technologies that focus on facilitating remote and at-home work. As a result of these changes, organisations have recognized the importance of finding a balance in their work environments.

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Richard Knight and Amy Davies: Responses to Mansion House reforms in Autumn Statement

Employee Benefits

The Autumn Statement from Chancellor Jeremy Hunt included well-trailed measures that show the government has listened to the industry’s responses to the Mansion House reforms. There are a number of details that must be worked through, in particular for the reduction in small defined contribution (DC) pots. Following its call for evidence on consolidating small pension pots earlier this year, the Department for Work and Pensions (DWP) is launching a further consultation on proposals to introduce

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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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The Proposed MHPAEA Regulations: Comments on Behavioral Health Carve-Out Vendors

McDermott Will & Emery Employee Benefits

This post continues our focus on comment letters submitted in response to proposed regulations under the Mental Health Parity and Addiction Equity Act (MHPAEA). The proposed regulations were issued earlier this year by the US Departments of Labor, Health and Human Services and the Treasury (the Departments). Our previous MHPAEA content is available here.

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SSA Reminds Employers to Update BSO Registration

PayrollOrg

The Social Security Administration (SSA) reminded employers to check Business Services Online (BSO) accounts before filing season begins.

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What ever happened to The Great Resignation?

Workplace Insight

You may recall that a couple of years ago, The Great Resignation was one of a handful of things with which certain people had become obsessed. Over a period of about six months at the end of 2021 and beginning of 2022, we were told repeatedly that huge numbers of people were about to quit their jobs to move to something better, pursue their dream of self-employment or whatever.

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53% of British employees would switch jobs for better benefits

Employee Benefits

More than half (53%) of British employees would switch jobs and take the same role elsewhere for better benefits , according to research by emplyee benefits consultancy PIB Employee Benefits. Its Mind the gap survey, in collaboration with YouGov, which surveyed 1,000 employees, highlighted a link between employee benefits and staff retention, and that a competitive benefits package is central to an employer’s value proposition.

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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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What is Record Management: A Comprehensive Guide

Qandle

Effective record management is crucial for the smooth functioning of any organization. It involves the systematic creation, maintenance, and disposal of records to ensure easy access, retrieval, and compliance with legal requirements. In today’s digital age, where information is abundant and diverse, having a reliable record management system is essential.

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A new Visa apprenticeship program aims to grow cybersecurity talent

Employee Benefit News

The credit card company is creating avenues for their staff, veterans and talent outside their organization looking to upskill.

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Firms on both sides of the pond are sluggish in uptake of generative AI

Workplace Insight

One year on from the launch of Chat GPT, new data from Slack based on 10,000 global workers (including 1,000 the UK) suggests that UK companies believe there is much greater urgency to adopt Generative AI at work than US companies – yet uptake remains sluggish in both markets. According to the study, 61 percent of UK workers believe there is a high or existential need to incorporate Generative AI into work compared to just 44 percent of US workers who feel the same.

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5 ways to reduce employee stress at work

Employee Benefits

A recent State of the Global Workforce report found that stress levels at work are higher than ever before. The survey revealed that 44% of respondees experienced elevated levels of stress before filling in the report. In addition, a UK work-related report revealed that in Britain, 76% of employees reported medium-to-high levels of stress. This translates to a wide range of issues for workforces, from increased incidence of mental health issues – including anxiety, depression and burnout – to em

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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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Top Software Deals for a Merry Christmas & Happy New Year 2023-2024

Qandle

Your Ultimate Guide to Christmas Day and New Year Software Deals 2023 The holiday season is upon us, and as we deck the halls with boughs of holly, software companies are joining the festive chorus by offering enticing deals and discounts. Christmas Day becomes a tech wonderland, where digital dreams come true. Software developers and providers gear up to spread joy by bringing forth exclusive promotions, making it the perfect time for users to upgrade their digital arsenals.

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What are the most common types of employees?

PeopleKeep

If you’re a business owner, you likely already know there are more employee classification options besides full-time. As our labor market becomes increasingly diverse and people find more flexible ways to work, employers may need to expand their workforce to include several different types of employees to meet their growing business needs. Understanding various types of employment can help you optimize your hiring process, increase productivity, and determine your legal obligations when offering

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Retain and Thrive: The Stay Interview Blueprint for Success

Vantage Circle

Stay interviews have become a key strategy for organizations in a world where talent retention is as crucial as talent acquisition. The proactive approach of these interviews aims to nurture a loyal and engaged workforce. Moreover, it is designed to understand what motivates and satisfies employees while identifying and addressing potential barriers that compel employees to leave.

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Ednah Otieno: What is the biggest lesson you have learnt this year?

Employee Benefits

The biggest lesson I have learnt this year is that nurturing an inclusive culture is enabled by having the right policies, principles and practices on future or emerging trends. At Diageo, we are committed to nurturing the most inclusive and diverse culture, not just because it helps our business to grow but because it is the right thing to do. Creating a philosophy and setting ambitious targets is an important starting block to nurturing an inclusive culture.

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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!