International Foundation of Employee Benefit Plans
FEBRUARY 23, 2023
As the workforce continues to become more diverse, employers must review their benefit plans regularly to ensure that diversity, equity and inclusion (DEI) continue to be represented. In a recent. Read more > The post <strong>The Intersection of DEI in Benefit Plans</strong> appeared first on Word on Benefits.
PeopleKeep
FEBRUARY 22, 2023
Offering employee benefits is crucial for organizations to attract and retain top talent and ensure they stay competitive. But before you design your compensation package, you need a plan for managing your benefits to make sure they’re maintained properly. This is where benefits administration comes into play. Benefits administration starts with choosing the benefits and perks you want to offer, but it doesn’t end there.
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Employee Benefits
FEBRUARY 21, 2023
A good employee benefits package could play a big part in what makes a business successful – how many companies know the top 10 employee benefits in the UK? Not every staff member will have the same wants or needs. But get your employee perks package right and you’ll attract top talent, keep existing staff motivated, improve company culture and overall employee wellbeing.
Sodexo Engage
FEBRUARY 23, 2023
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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.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
Higginbotham
FEBRUARY 21, 2023
You’re reading your health insurance policy and come across a coinsurance clause. You’re not sure how it impacts the coverage – what does coinsurance mean? Here’s what you need to know about this common insurance term. Cost Sharing in Insurance Although insurance companies take responsibility for many of the costs that arise, policyholders are also responsible for some out-of-pocket costs on top of the premium.
PayrollOrg
FEBRUARY 22, 2023
The IRS finalized regulations to reduce the threshold for filing information returns (e.g., Forms W-2, 1099) electronically from 250 to 10 for returns to be filed on or after January 1, 2024.
Business Management Daily
FEBRUARY 21, 2023
Do you know the significance of March 14, 2023? The National Committee on Pay Equity has designated this date as Equal Pay Day. It symbolizes how far into the year women must work to earn what men earned in the previous year. The organization encourages wearing red on this day to represent how far women are “in the red” with their pay. If that sounds troubling, realize that Equal Pay Day comes even later in the year for women of color.
McDermott Will & Emery Employee Benefits
FEBRUARY 23, 2023
On January 25, 2023, the US Department of Health and Human Services (HHS) announced that more than 16.3 million people nationwide selected an ACA Marketplace health plan during the 2023 open enrollment period that ran from November 1, 2022, until January 15, 2023, for most marketplaces. According to HHS, total plan selections include 3.6 million people […] The post HHS Announces Record Number of ACA Marketplace Enrollments appeared first on EMPLOYEE BENEFITS BLOG.
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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
BetterUp
FEBRUARY 22, 2023
Jump to section What is imposter syndrome? What causes imposter syndrome? Characteristics of imposter syndrome Types of imposter syndrome What kind of imposter are you? 15 questions to help you find out How to deal with imposter syndrome 10 tips for dealing with your imposter syndrome Bias and imposter syndrome The prevalence of imposter syndrome and why it matters “Any day now, they’re going to realize what a mistake they made in hiring me.
PayrollOrg
FEBRUARY 24, 2023
The IRS released the 2023 Form 941, Schedule R, and their instructions, along with the instructions for Schedule B. The forms, which have minimal changes, are to be used beginning with the first quarter of 2023.
HR Digest
FEBRUARY 23, 2023
The COVID-19 pandemic has brought about many changes in the way we work, including the way we conduct job interviews. With remote work becoming the norm, remote job interviews have become a common practice. But how can HR professionals ensure that they are conducting effective interviews? Here are some tips to help you master the art of remote interviews.
Employee Benefits
FEBRUARY 24, 2023
Your people should be at the centre of your business. When they thrive, you thrive too. Supporting your people is essential for the success and longevity of a company. This is why Emotional Health day is a great reminder to look after your staffs wellbeing. Emotional Health day advocates an approach to life that equips and supports people to be emotionally healthy (1).
Advertiser: Paycor
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.
Vantage Circle
FEBRUARY 24, 2023
Employees who feel connected to the company and each other are key to a successful business. A strong employee connection benefits employees and the companies that employ them. Once employees feel connected, maintaining their bonds can help them grow. But, it is easier said than done because connecting with so many people emotionally takes a lot and may not come naturally to everybody.
PayrollOrg
FEBRUARY 22, 2023
The 3rd Annual Payroll Solutions Showcase (PSS) March 2-3 is a free, virtual event geared to U.S. and global payroll industry service providers and companies with payroll and HR technology needs. There, companies can find innovative payroll-related solutions for their specific payroll issues. Register today.
HR Digest
FEBRUARY 18, 2023
A Gallup study in 2022 showed that only about 33% of employees in the U.S. are fully engaged in their jobs, leaving the remaining 77% disengaged. And this is very true because HR managers and employers alike have come across an employee slacking off at work at least once in their career path. It’s no news that many people often lose their focus and start slacking off at work, especially with the current human attention span of about 8.25 seconds, which is roughly 8 seconds.
Employee Benefits
FEBRUARY 21, 2023
The majority (92%) of participants in the UK’s four-day week trial said they will definitely continue or are planning to continue with a four-day working week. Four Day Week Global, Four Day Week Campaign and Autonomy led a six-month trial of a four-day week, with no loss of pay for workers, since last year, surveying 75 employers and 1,751 employees.
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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?
Vantage Circle
FEBRUARY 21, 2023
Have you ever considered how much the people you work with influence your life? It could be a colleague who always greets you with a smile, a boss who encourages you to take risks or a team that works together to overcome obstacles. No matter who the person is, expressing your gratitude while acknowledging their positive presence is crucial. So, this International Thank You Day, let's celebrate these people and value them for who they are.
PayrollOrg
FEBRUARY 24, 2023
The U.S. Supreme Court ruled that a highly compensated employee was owed overtime under the Fair Labor Standards Act since he was paid a daily rate and not on a salary basis.
HR Digest
FEBRUARY 24, 2023
Remote work is a hot topic and for a good reason. Not having to wake up early, endure traffic and arrive at the office sweaty and tired has proven to be a game-changer for millions of professionals. I can attest to this personally as I have been working remotely for the past five years, and it has significantly improved my work-life balance. In this article, we’ll explore how ditching the Monday morning commute can benefit your employees and business and how to implement a successful remot
Employee Benefits
FEBRUARY 21, 2023
Credit: Gordon Bell / Shutterstock.com The Rugby Football Union (RFU) and the Rugby Players’ Association (RPA) have introduced an enhanced maternity, pregnant parent and adoption leave policy for contracted England Women’s rugby players. The initiative will ensure that the safety of the player and the unborn child are protected if they continue to be in the team, with a full risk assessment undertaken when a player announces they are pregnant.
Advertiser: Barley
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.
BetterUp
FEBRUARY 22, 2023
Jump to section What's the law of attraction? How does the law of attraction work? What are the 7 laws of attraction?
WEX Inc.
FEBRUARY 23, 2023
For most of you, a new plan year has begun! And just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put time and energy into your employee benefits. In fact, staying on top of your health savings account (HSA) , flexible spending account (FSA) , or any other plan you signed up for throughout the year can pay off for you.
Kollath CPA
FEBRUARY 22, 2023
There is an unbelievable number of companies across a wide array of industries. This may lead you to believe that the creation of a succession plan must be a unique and one-off process. For instance, family businesses in particular carry distinctive cultures and reflect idiosyncratic histories in ways that might be challenging for outsiders to relate to, let alone understand.
Employee Benefits
FEBRUARY 22, 2023
Car salary sacrifice arrangements remain a popular employee benefit; in its January 2023 Leasing Outlook , the British Vehicle Rental and Leasing Association (BVRLA) found a 20.5% year-on-year increase in company cars funded through salary sacrifice to quarter three in 2022. What are car salary sacrifice schemes? A car salary sacrifice scheme allows an employee to give up an amount from their gross salary in exchange for the use of a car for a period of time.
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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.
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