Sat.Oct 14, 2023 - Fri.Oct 20, 2023

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10 Best Benefits Administration Software in 2023

HR Lineup

Benefits administration is a critical component of human resources management, and it plays a significant role in ensuring that employees receive the compensation and benefits they deserve. With the advancement of technology, benefits administration software has become an essential tool for businesses of all sizes to streamline their HR processes. In 2023, there are numerous benefits administration software options available, each with its unique features and advantages.

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How to conduct a pensions buy-in

Employee Benefits

A buy-in is a contract between a defined benefit pension scheme and an employer that removes longevity, market, interest and inflation risks. The parties involved include a sponsoring employer, a scheme trustee, advisers to the trustees and the insurer. If it looks like funding levels are affordable for the scheme against current expected bulk annuity pricing , trustees appoint a consultant to approach the market and insurers.

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Closing The Gender Pay Gap: Claudia Goldin’s Nobel Win & Strategies For Employers

Wellable

Claudia Goldin won the Nobel Prize for her gender pay gap studies. Despite progress, the wage gap persists. Explore how employers can help bridge the divide. The post Closing The Gender Pay Gap: Claudia Goldin’s Nobel Win & Strategies For Employers appeared first on Wellable.

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5 benefit challenges to tackle this open enrollment

Employee Benefit News

From cost savings to communications, new research spotlights benefits leaders' biggest head-scratchers.

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Using an HSA to Save for Health Care in Retirement

Saving for retirement is no easy task, and as an employer we know you want to help your employees get what they need out of their retirement benefits. With a health savings account (HSA), you can relieve the burden of health care costs for both you and your employees. With our new report, “Using an HSA to Save for Health Care in Retirement,” you can get insights on the costs of a modern retirement and dive into the details of the triple-tax benefits HSAs offer.

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Pet Perks: Why It’s Paws Up For This Hot Benefits Trend

TalentCulture - Employee Benefits

In the wake of the Covid pandemic, employee benefits have experienced a significant transformation. Increasingly, employers are focusing on benefits that enhance individual wellbeing and are easy to customize. Also, as budgets tighten, affordability is becoming a key factor. This is why pet perks continue to gain popularity. How exactly are pet-friendly solutions adding value […] The post Pet Perks: Why It’s Paws Up For This Hot Benefits Trend appeared first on TalentCulture.

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OCSS Releases Revised IWO and Instructions

PayrollOrg

The Office of Child Support Services (OCSS) released a revised income withholding order for support form (IWO) and its instructions with no substantial changes.

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Bold Founder Caleb Parker to launch space-as-a-service Brave Corporation

Workplace Insight

Caleb Parker, the high profile Founder of Bold has announced the launch of Brave Corporation, a “next generation” real estate company that aims to “bridge the gap between office supply and demand to mitigate the rise of stranded assets amongst the world’s largest asset class” Brave Corporation will work with investors to “reposition buildings to meet ESG standards and dynamic customer demand” before they risk becoming “stranded” The company says it

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Xtrac launches electric vehicle salary sacrifice scheme

Employee Benefits

Credit: Just Jus / Shutterstock.com Xtrac, a supplier of high-performance transmissions for motorsport and high-performance automotive applications, has expanded its range of employee benefits by introducing an electric vehicle salary sacrifice scheme. The Thatcham head-quartered business decided to implement the scheme to encourage its more than 440 permanent part- and full-time UK staff to transition to electric cars and help reduce their carbon footprint, while also rewarding and retaining th

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How to Introduce Yourself in an Interview

BetterUp

Learning how to introduce yourself in an interview is about balancing personality and professionalism. Here are six tips for a winning introduction.

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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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PayrollOrg Comments on IRS Employment Tax Forms

PayrollOrg

PayrollOrg’s Government Relations Task Force commented on the IRS’s information collection notice on federal employment tax forms in September.

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Hybrid working: the importance of having the right strategy

Workplace Insight

Hybrid working changes everything it seems. To make it work successfully we need changes in the way people need to be managed, trained and inducted. It changes the needs for communication and social connectivity, goal setting and connection to vision. It requires greater clarity on what is acceptable and what isn’t. Employees must take on new grown-up obligations and organisations are required to ‘trust’ and employees to be ‘trustworthy’.

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65% of UK staff would take pay cut for better job

Employee Benefits

Two-thirds (65%) of UK employees would be prepared to take a pay cut for a better job, according to research by Indeed. The global hiring platform’s Better work 2023 report, which surveyed more than 5,000 workers, also found that the mean pay cut respondents would be willing to take is 9.2%, which equates to £3,036 less per annum based on an average salary of £33,000.

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How Can Employers Better Support Working Parents?

TalentCulture - Employee Benefits

Currently, about 40% of people in the U.S. workforce are parents whose kids are under 18 years old. With soaring childcare costs and limited government assistance, many organizations know it’s important to support working parents more fully. However, no standards have been established that define the kind of benefits these employees should receive.

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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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Say Yes to HR Generalists—They Keep Companies Afloat

HR Digest

Human resources cover a vast assortment of responsibilities, and while sometimes you need an expert, other times you need someone who can do it all—that’s where an HR generalist comes in. According to Zippia , the technology industry is the highest-paying employer for HR generalists , but their services are an essential component of every company and field.

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Real estate tech strategies advance AI, workplace and sustainability

Workplace Insight

Commercial real estate occupiers are willing to put their money where the tech is, according to new polling from JLL’s 2023 Global Real Estate Technology Survey. Ninety-one percent of occupier respondents are willing to pay a premium for tech-enabled space as they look to technology for strategic value and increased revenue. In fact, real estate tech budgets are set to grow faster than investments in?

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Lovewell’s logic: Supporting domestic abuse survivors

Employee Benefits

One in five people over the age of 16 have experienced domestic abuse of some kind, according to figures published by the Office for National Statistics in November 2022. This means that in any workplace, or indeed, within the majority of teams, statistically, you may well know someone who is experiencing, or has experienced, domestic abuse. These figures are alarmingly high, yet it can be extremely difficult to spot individuals who are victims of abuse.

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Helping employers leverage AI, robotics and biometrics in the workplace

Employee Benefit News

Transformative technologies are increasing productivity and job satisfaction, as well as providing workers with essential upskilling.

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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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How HR can give your company’s employee retention strategy a boost

Insperity

It’s the question employers are constantly asking: How do I get my employees to stay for the long term ? Employee retention is one of the top concerns for companies right now, driven by three primary factors: A highly competitive labor market An uncertain economy marked by sky-high inflation that has nervous employees looking elsewhere for better pay and benefits and greater job security Lingering impacts from the COVID-19 pandemic, such as employees simply seeking a change in role or industry,

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Projects from Portugal, Belgium and France winners of the 2023 ULI Europe Awards for Excellence   

Workplace Insight

Three built environment projects that have, respectively, restored an historic market building in Porto, delivered 182 individual school projects in Flanders, and created a hybrid, mixed use flagship development in Paris, have been announced as winners in the 2023 Urban Land Institute (ULI) Europe Awards for Excellence. The awards set out to recognise outstanding built environment projects in the private, public, and non-profit sectors, celebrating excellence in land use practice across the enti

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Matches names new chief people officer

Employee Benefits

Fashion retailer Matches has appointed Clare Bishop chief people officer. With more than 17 years of experience in senior roles across human resources, Bishop has experience in high-growth organisations. She joins Matches from Greystar International, where she held the role of managing director, people, Europe. Prior to this, Bishop worked for organisations such as Warner Brothers, Addison Lee and Asos, where she worked as a commercial and creative people director with a demonstrated history of

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From ketamine to psychic readings, employers are thinking outside the box on mental health

Employee Benefit News

Emerging trends in mental health care are redefining how people are prioritizing their well-being and treating more serious mental health conditions.

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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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Artificial intelligence (AI) at work: What you need to know

Insperity

Although its introduction into the workplace is fairly recent, artificial intelligence (AI) has already become a hot topic of conversation. As a reaction to alarmist news headlines about “robots taking over” that tend to dominate the discussion, many employees fear for their job security and worry that they will be replaced by AI. Other employees may instead fear the unknown and resist the change associated with the adoption of new technology.

Software 101
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Half of workplace grievances down to spats between colleagues

Workplace Insight

Feuding and conflicting colleagues account for nearly half (47 percent) of all workplace grievances, according to a new poll from employment law and HR consultancy firm, WorkNest. Nearly four in ten (38 percent) businesses believe this is down to employees becoming less tolerant, with factors such as mental health and stress (24 percent) and organisational change (24 percent) also suspected to be contributing to conflict between employees or between employees and line managers.

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Kingfisher provides benefits security through bulk annuity purchase

Employee Benefits

Credit: ClimbWhenReady / Shutterstock In the UK, home improvement firm Kingfisher’s pension provision comprises a closed final salary section, with 28,000 deferred and pensioner members, and an open money purchase section, with 70,000 active and deferred members. The firm, which includes brands such as B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and Koçtaş, employs 82,000 members of staff in total.

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Choosing telemedicine versus urgent care versus the ER

WEX Inc.

Should I go to urgent care or the Emergency Room? Is urgent care cheaper than the ER? What does urgent care treat? What is telemedicine and when is it the best option? These are just a handful of common questions associated with health concerns and where to go for treatment. While the severity of one's condition is the most important factor in choosing healthcare, other variables such as cost, convenience and whether a facility accepts insurance also play a role.

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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.