Sat.Nov 25, 2023 - Fri.Dec 01, 2023

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Unhappy staff take nine more sickness days on average per year

Employee Benefits

Unhappy employees take nine more sickness days on average per year as opposed to their happier counterparts, according to new research by WPI Economics. Commissioned by employee benefits provider Unum UK, the survey of more than 4,000 UK employees revealed that this is costing the economy £11 billion per year through lost productivity, and that the average unhappy, unproductive worker loses nine hours of productive time per week.

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Confessions of a benefits manager: Candid experiences a different office

Employee Benefits

Why is it always me that gets seconded to work on mergers and acquisitions? What makes it worse this time, is they have sent me to Coventry. Literally. I have to work there three days a week to help with preparing for the sale. It is ridiculous because the data ‘room’ is virtual anyway, but all the key Higher Beings involved in the project work out of that office and someone has decided I should be there too.

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What You Need to Know About Beneficiaries

BerniePortal

What Is a Beneficiary? A beneficiary is an individual who is chosen to receive the benefits of property, typically in the event that the owner passes away. The benefits are often monetary, but they can also be anything else of value that is being passed down.

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Compliance TV: IRS Announces 2024 COLAs; Two States, Virgin Islands Subject to FUTA Credit Reduction for 2023; and more

PayrollOrg

In this December 2023 edition of Compliance TV: IRS Announces 2024 COLAs for Transportation Fringes, FSA Deferrals, Foreign Earned Income Exclusion, and More; Two States, Virgin Islands Subject to FUTA Credit Reduction for 2023; SSA Offers Tips to Employers Before Filing Season Begins; IRS Provides More Information on ERC Withdrawal Process.

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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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The Ultimate Guide to HRMS

Darwinbox

An HRMS is a powerful tool that can revolutionize your HR processes and drive your organizational success. In this ultimate guide, we dive into the benefits of incorporating an HRMS into your company’s core systems. We'll also explore key features of an HRMS such as employee data management, recruitment and onboarding, performance management, time and attendance tracking, and training and development.

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Where are the iconic office furniture products of yesterday?

Workplace Insight

Over the past week or so, this image has gone viral on social media. It is of a group of Bauhaus design students from around 1927. They are called Martha Erps, Katt Both and Ruth Hellos. The full image (reproduced below) shows them with legendary office furniture designer Marcel Breuer, who Erps would later marry. The story of the photograph can be found here.

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Latest Salary Survey Digs Deep Into the Payroll Profession

PayrollOrg

The biennial survey, the 2023 Payroll Industry Report: Results of PayrollOrg’s Survey of Salaries & the Payroll Profession, is a comprehensive overview of the payroll function, providing a wealth of useful statistics and discernible trends, published as a convenient eBook.

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66% of full-time UK staff think contributory pensions are important

Employee Benefits

Two-thirds (66%) of full-time UK employees regard contributory pensions and savings as important, according to research by Employee Benefits Isle of Man. Its 2023 Non-salary benefits global survey, which polled more than 2,000 full time UK and expat workers in Singapore, Hong Kong, the United Arab Emirates (UAE) and South Africa, also found that 57% of Hong Kong expatriate full-time employees and 36% of expatriate full-time United Arab Emirates (UAE) workers view contributory pensions as impor

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Millennials are on track for better retirement than boomers, Vanguard study finds

Employee Benefit News

Baby boomers may be wealthier, but millennials have benefited from a number of retirement reforms, new research shows — and they still have more time to save.

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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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Flexible workspace market will be worth up to $50bn by end of decade

Workplace Insight

According to a new market intelligence report , the worldwide flexible workspace market could exceed between 35 and 50 billion US dollars by 2030, reflecting the growing demand for flexible and agile work environments. The report claims that the escalating demand for flexible workspaces is on the rise, propelled by a heightened desire for convenience and comfort in prime locations such as offices and auditoriums.

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360-Degree Feedback Programs To Help Your Company Grow

HR Digest

The term 360-degree feedback has gained global popularity with reports from Forbes indicating that more than 85 percent of Fortune 500 companies use 360 feedback to review their employees regularly. A 360-degree appraisal system provides an elaborate set of criteria to evaluate an employee. The evaluation report is a compilation of feedback from managers, peers, and juniors.

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5 ways anonymous employee feedback will increase your engagement levels

Employee Benefits

Ever wondered what turns a regular workplace into a hub of enthusiasm and innovation? Enter anonymous employee feedback – the simple secret that not only makes everyone feel heard and valued, but also turbocharges your engagement levels. Discover how the simple act of listening can turn improve your organisation’s engagement tenfold. 1. Feedback empowers your people to be more creative When you give your employees a trusted platform to express their ideas and perspectives, a culture of innovatio

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Second Circuit Establishes Practical Pleading Requirement for Prohibited Transaction Claims Under ERISA Section 406(a)(1)(C)

Proskauer's Employee Benefits & Executive Compensa

The Second Circuit recently held that in order to state a claim for a prohibited transaction pursuant to ERISA section 406(a)(1)(C), it is not enough to allege that a fiduciary caused the plan to compensate a service provider for its services. Instead, “the complaint must plausibly allege that the services were unnecessary or involved unreasonable compensation.

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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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Appetite for hybrid working shows no sign of letting up at large firms

Workplace Insight

The ongoing advancements in technology have made remote collaboration more feasible and seamless than ever before. Collaboration tools have become essential in ensuring the coexistence of the digital and physical workplace, both internally with employees and externally with clients. And in 2023, companies have been posting hybrid working related roles in record numbers, according to a new report from GlobalData.

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How Can HR Contribute to Business Growth and Help Envision Future Success?

HR Digest

We are slowly witnessing the resurgence of Human Resource Management, with companies actively investigating how HR teams can contribute to business growth. For years, HR teams have largely been delegated to admin tasks and rote hiring activities, but there are innumerable ways by which HR can contribute to business success. HR strategies for business growth focus on the hiring and retention of the right talent, but they can also involve active participation in key business decisions by bringing

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Common challenges of management and how to overcome them

Business Management Daily

What does being a manager involve? A better question might be “What doesn’t it?” Managers play a crucial role in virtually all areas of the business environment — from day-to-day operations to employee performance to company growth. And, while attending to all these responsibilities, managers also must look out for their own present and future well-being.

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Small businesses are outhiring large employers — but can they afford to retain them?

Employee Benefit News

Tina Wang, VP of HR at ADP, breaks down how small businesses can retain new talent despite their financial limitations.

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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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Ding! Dong! IN Magazine Issue 18 is available now for you

Workplace Insight

Well Christmas may get earlier every year, but the digital version of issue 18 of IN Magazine is right on time to deliver all your festive workplace thinking. In this issue: why the world’s biggest tech firms may no longer offer the best blueprint for working culture; Nigel Oseland doesn’t like Half Man Half Biscuit for some reason but does have a lot of great things to say about evaluating offices; you can’t just copy the design of an office you like and expect it to work the

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How to support employee career growth

PeopleKeep

No one wants to work at a dead-end job. The modern workforce values continuous learning and opportunities for professional development. According to Zippia 1 , 76% of employees are looking for ways to expand their careers.

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Debunking 7 productivity myths and unlocking efficiency

Business Management Daily

There is a short list of things for which nearly everyone strives. When you put that list in terms of our work, success and career, productivity is one of those desirable outcomes. When something is both important and desirable, you would think we would have a clear picture of it. Instead, there are tons (far more than seven) of myths about what productivity is and how to achieve it.

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Inflation Reduction Act is causing 'dramatic' rise in Medicare premiums, experts say

Employee Benefit News

For many seniors, Medicare Part D premiums will rise by 42% to 57% next year, new research shows. And experts say the reason is a law that was meant to reduce health care costs.

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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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Creating the epicentre: unlocking the untold benefits of next-generation office spaces 

Workplace Insight

Many associate the notion of futuristic office spaces, filled with equipment like sleep pods and beer taps, with companies that have a young workforce or challenger brand identity. The association is often linked to tech giants like Google, which created quite a stir when it originally revealed its indoor slides. Whilst the inclusion of playground furniture in the office is not right for every business, the assumption that unconventional workspaces should be limited to unconventional companies s

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What health plans are and aren’t covered by ERISA

PeopleKeep

If you offer employee benefits to workers in the United States, there’s a very good chance they fall under the regulations of the federal Employee Retirement Income Security Act of 1974 (ERISA) 1. Congress enacted ERISA to protect the interests of employees who participate in your benefit plans. It set minimum standards and created documentation requirements to ensure employees receive the benefits they’re entitled to.

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A Comprehensive Guide to Help Desk Software

Qandle

What is the help desk software? Help desk software is a centralized platform designed to streamline and optimize customer support operations within an organization. Serving as a comprehensive tool, its primary function is to facilitate efficient communication between support agents and end-users, ensuring timely resolution of issues and inquiries. This software typically incorporates a ticketing system, allowing support teams to organize, prioritize, and track customer requests seamlessly.

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Gen Z wants careers, not degrees. This nonprofit is helping them bypass college

Employee Benefit News

The CEO of Good Jobs KC explains how he's creating work pathways for young people, and why it's critical to understanding the needs of Gen Z.

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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!