Sat.Apr 29, 2023 - Fri.May 05, 2023

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In a Benefits Plan Far, Far Away

International Foundation of Employee Benefit Plans

Over the past several years, May 4 has skyrocketed in popularity as Star Wars Day—as in, “May the Fourth be with you.” In honor of May the Fourth, we thought it would be fun to continue the rebellion against convention by using Star […] The post In a Benefits Plan Far, Far Away appeared first on Word on Benefits.

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More U.S. job offers include benefits to lure workers

Employee Benefit News

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The Benefits and Challenges of Implementing a 4-day Work Week

HR Lineup

The traditional work week of five days is being challenged by a new concept that is gaining popularity in various parts of the world. The four-day workweek is an innovative approach to productivity that aims to improve employee wellbeing and work-life balance. The concept has been in existence for some time, but it has gained momentum in recent years due to various reasons such as advances in technology, increased awareness of the importance of work-life balance, and the impact of the COVID-19 p

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Top Skills To Look For In A Payroll Executive Assistant Candidate

Professionals Alternative

Top Skills To Look For In A Payroll Executive Assistant Candidate Payroll assistants play an important part in ensuring that a company’s payroll is handled accurately and efficiently in the fintech sector. Payroll assistants’ roles are becoming more sophisticated and tough as fintech expands and advances. In this blog post, we will look at the main skills and competencies needed for payroll assistants in the fintech era, as well as how to find the best individuals for the job.

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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.

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State-Sponsored Retirement Savings Programs: What Employers Need to Know

International Foundation of Employee Benefit Plans

Research shows that one of the key hurdles for achieving retirement security is having access to a retirement plan at work. And, until recently, as many as 57 million people in the United States didn’t have access to an employer-sponsored retirement plan. […] The post <strong>State-Sponsored Retirement Savings Programs: What Employers Need to Know</strong> appeared first on Word on Benefits.

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Are Paycards and Earned Wage Access Synonymous?

PayrollOrg

Register for the webinar "Are Paycards and Earned Wage Access Synonymous?" on Tuesday, April 4 from 1:00 p.m. - 2:00 p.m. EDT.

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Healthcare Preview for the Week of May 1, 2023

McDermott Will & Emery Employee Benefits

There has been a flurry of activity in Congress focused on healthcare issues over the last two weeks. Committees in both the US House and Senate held hearings on legislation focused on increasing transparency and competition in the healthcare system that could have significant impacts for certain healthcare providers, healthcare plans and pharmacy benefit managers. […] The post Healthcare Preview for the Week of May 1, 2023 appeared first on EMPLOYEE BENEFITS BLOG.

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Making Space increases pay in line with real living wage

Employee Benefits

Social care charity Making Space has increased pay by 10%, or the equivalent of £1,950 per year for full-time staff, in order to bring wages up to the level of the living wage. Employees at social care services run by the charity, amounting to more than 1,000 people across England, received the raise in their April 2023 pay packets. Making Space confirmed that it will pay all employees nationwide a minimum of £10.90 per hour.

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Stay flexible, dream big, plan ahead: How to retire right

Employee Benefit News

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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

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Ten Trending Topics in Financial Education

Money Talk

Today, I presented a general session program for financial educators and researchers at an online professional conference. My chosen topic was Ten Trending Topics in Financial Education. Below is a brief description of the ten trends that I discussed: Inflation- The U.S. had an ascending 5% inflation rate (CPI) in May 2021 and a descending 5% CPI in March 2023 and many higher inflation rates in between.

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California Agency Issues Proposed Earned Wage Access Regulations

PayrollOrg

The California Department of Financial Protection and Innovation issued proposed regulations that would govern earned wage access. Comments on the proposed rules are due to agency by May 17.

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Examples of poor communication in the workplace

Business Management Daily

Poor communication in the workplace can happen at any and every level. Regardless of whether it involves top brass or a brand-new hire, the result is often an undesirable mess. But what does poor communication look like? Many people might explain it differently, yet we typically recognize it when we see it. In order to improve communication , it’s necessary to understand what poor communication skills look like and their negative impact on the workplace.

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Monday Blues? Here’s How to Beat Them and Start Your Week Right

HR Digest

Monday blues are a common phenomenon, affecting many people as they start a new week at work. Feeling demotivated, overwhelmed, or simply dreading the week ahead can make it difficult to get back into the work groove. If you’re wondering how to beat blue Monday and improve mental health, then we’ve got you covered. There are several strategies you can use in beating the blue Monday dilemma and start your week right.

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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.

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Dismissal Streak Continues in BlackRock Target Date Fund Litigation

Proskauer's Employee Benefits & Executive Compensa

A third district court has dismissed with prejudice a complaint alleging that defendants breached their fiduciary duties under ERISA by offering 401(k) plan participants the option to invest in BlackRock LifePath Index Target Date Funds (the “Funds”). Beldock v. Microsoft , Case No. 22-cv-1082 (W.D. Wash. Apr. 24, 2023). Although the outcome of the court’s ruling here is consistent with earlier decisions, the rationale underlying the Beldock decision arguably goes further than in prior rulings

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State-focused Sessions at 2023 Capital Summit

PayrollOrg

From March 20-21, the APA will hold the 2023 Capital Summit in Arlington, Virginia. This premier event will include sessions on state payroll topics and the chance to get updates from federal and state agency experts.

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Supporting staff following a relationship breakdown

Employee Benefits

Need to know: A relationship breakdown can be traumatic, adversely affecting an employee’s mental health and performance. A wide range of support tools are available including employee assistance programmes (EAPs), concierge services, legal advice and flexible working. Making separation a life event can make it easier for employees to make changes to benefits as well as helping to raise awareness of support.

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What is Quiet Hiring and 10 Ways to Handle It

Vantage Circle

Picture a workplace where the talent you need is already at your fingertips. No need to scour resumes or sit through endless interviews; you can find your next star employee by simply looking around. That's the beauty of quiet hiring - promoting from within the organization instead of hiring from outside. By tapping into the existing talent pool , employers can nurture and grow their employees' skills, build loyalty and engagement, and foster a strong sense of community within the work

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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?

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The Future of Remote Work: Challenges and Opportunities

HR Digest

Remote work has been a growing trend for several years, but the COVID-19 pandemic accelerated this trend significantly. The sudden shift to remote work forced many companies to adapt quickly to a new way of working, and the results have been mixed. Some companies have found that remote work can be highly effective, while others have struggled with the challenges of managing remote teams.

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4th Annual Global Payroll Titan Award Nominations Close in One Week

PayrollOrg

Nominations for the Global Payroll Management Institute’s (GPMI) 4th Annual Global Payroll Titan Award close on Tuesday, 21 March 2023. The award is intended to identify outstanding global payroll professionals nominated by their own peers in the industry.

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Metro Bank offers support for employees going through separation

Employee Benefits

Launched in 2010 as the first new high street bank in more than 100 years, Metro Bank now employs nearly 4,500 people across the UK. To show its support for employees going through separation, it signed up to the Positive Parenting Alliance’s HR Initiative when it was launched in January 2023. Khushboo Patel, head of engagement and inclusion at Metro Bank, says: “Our colleagues are at the heart of what we do and we want them to feel supported whatever they are going through in their lives.

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Why FSA substantiation matters and what to look for

WEX Inc.

The IRS requires your flexible spending account (FSA) participants to submit documentation to prove their purchase was an eligible expense. The IRS emphasized these requirements and potential penalties for employers not meeting the requirements when releasing an Office of the Chief Counsel memorandum last week detailing medical expense claim substantiation for medical FSAs and dependent care FSAs.

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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.

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When Construction Counts - Addressing Subcontractor Challenges

AssuredPartners

Construction is a trillion-dollar industry, but construction can’t happen without subcontractors. With specialized skills, such as plumbing, electrical work, carpentry, and roofing, subcontractors allow general contractors to focus on managing the projects while adjusting their workforce to meet project demands. Because subcontractors are a vital part of the construction industry, it’s important to recognize and address their challenges.

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California Will Waive Penalties for Employers Affected by Bank Closure

PayrollOrg

The California Employment Development Department has announced that it is waiving penalties for employers that are unable to make payroll deposits timely due to the Silicon Valley Bank failure.

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Tipping Bill passes into law to make withholding tips illegal

Employee Benefits

The Employment (Allocation of Tips) Bill, or Tipping Bill, has received royal consent and passed into law, making the withholding of tips from staff illegal. The government predicted that this would protect more than two million employees, as well as allowing them to view an employer’s tipping record. It also suggested that this would free up £200m per year of otherwise deducted tips, to go back into the pockets of employees.

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Over two-thirds of office landlords have no sustainability strategy

Workplace Insight

The vast majority of UK office landlords do not have a sustainability strategy in place despite evidence showing that it would increase the attractiveness of their properties to tenants, according to a new poll commissioned by infinitSpace in partnership with The Instant Group. The survey defined a strategy as several policies with an overall aim to reduce greenhouse emissions and/or promote environmentally friendly practices.

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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.