International Foundation of Employee Benefit Plans
AUGUST 15, 2023
U.S. corporate employers project a median health care cost increase of 7% for 2024, according to International Foundation of Employee Benefit Plans survey results. The 7% increase is on pace with cost trends projected last year in a similar survey conducted by […] The post Employers Project 7% Rise in Health Care Costs for 2024 appeared first on Word on Benefits.
Employee Benefits
AUGUST 15, 2023
Employee Benefits poll: One-third (35%) of organisations do not think that the recent Employment Relations ( Flexible Working ) Bill goes far enough to support working carers, according to a survey of Employee Benefits readers. Meanwhile, 37% think that it does go far enough to support staff who are working carers , whereas 28% were unsure if it does or not.
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Employee Benefit News
AUGUST 14, 2023
The challenges and opportunities of required Roth contributions are taking a backseat for now to legislative and operational messes from the Secure 2.0 law.
PayrollOrg
AUGUST 15, 2023
PayrollOrg’s Government Relations Task Force (GRTF) Federal Issues Subcommittee acted on two issues in July: maintaining IRS funding and requirements for Form W-2c.
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.
Employee Benefits
AUGUST 14, 2023
Need to know: Change will happen when it comes to employers’ pensions plans. Whatever the change, some universal principles remain true. Stakeholders should be involved early, to ensure they can voice any objections and feel involved in the process. Avoid legalese; be honest, clear and concise. If it is bad news, upfront about why the decision is being made and explain the reasoning behind it.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
TalentCulture - Employee Benefits
AUGUST 18, 2023
Sponsored by Abenity Employee perks are like mom and apple pie. Who doesn’t love them? Still, employers may hesitate to invest in “extras” like perks programs in this shaky economy. But perks and discounts are much more than just a fun way to help employees feel special. They’re also a smart talent strategy. Want proof? […] The post Using Employee Perks to Beat Inflation appeared first on TalentCulture.
PayrollOrg
AUGUST 18, 2023
Effective July 1, 2024, Vermont employers will be required to make contributions for a new state payroll tax. A portion of the tax may be withheld from employee wages, and the rest must be paid by the employer.
Employee Benefits
AUGUST 18, 2023
The top 10 most-read articles on employeebenefits.co.uk between 11 – 17 August were: Tesco Ireland enhances staff health and wellbeing benefits 30% of staff prefer CDC pension for decumulation over an annuity or drawdown ScotRail staff accept improved pay deal Exclusive: A fifth of employees worry about money every day Median monthly pay up 7.8% year-on-year Cepac staff strike over pay and conditions The Watches of Switzerland Group accredited as living wage employer Scottish Opera and Ro
InterWest Insurance Services
AUGUST 17, 2023
Since the COVID-19 pandemic, more employers are allowing their staff to work remotely on a permanent basis, often allowing them to never have to set foot in the office again. This newfound freedom for American workers has allowed many of them to leave the cities they were living in for small towns or even more remote areas around the country. But for employers who have instituted work-from-home policies, they are faced with navigating a more confusing employee benefits landscape.
Advertiser: Paycor
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.
Proskauer's Employee Benefits & Executive Compensa
AUGUST 16, 2023
A recent decision by the U.S. Court of Appeals for the Sixth Circuit ( Patterson v. United HealthCare Ins. Co. , No. 22-3167, 2023 WL 4882436 (6th Cir. Aug. 1, 2023 ) ) illustrates the importance of clearly describing key plan terms in the plan document and summary plan description. Incomplete documentation or disclosure can nullify rights of the plan and its sponsor.
WEX Inc.
AUGUST 15, 2023
Whether you're transitioning from your parents' insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. You’ll likely hear a lot of terms and acronyms that you’ve never heard before. For first-time health insurance and benefits electees, we’re kicking off a three-part blog series just for you to walk through considerations when making these decisions.
Employee Benefits
AUGUST 18, 2023
Hospitality business BaxterStorey has enhanced its employee benefits package to support its 8,000 UK staff through various life stages and circumstances. The firm has introduced 24 weeks of fully paid enhanced maternity leave to ensure new mothers have the support they need to balance the demands of work and family. It has also replaced its paternity leave policy with a more inclusive secondary carer leave so new parents, regardless of their gender, can take four weeks of paid leave to support t
InterWest Insurance Services
AUGUST 15, 2023
Fed-OSHA has proposed new regulations that would require personal protective equipment for construction workers to be properly fitting. OSHA’s main concern is that the current standard PPE doesn’t clearly state that the equipment must fit each construction worker properly, which the general industry and maritime standards already require.
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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.
Fringe Benefit Analysts
AUGUST 15, 2023
You probably know the feeling well. Another six months rolls around and then one day you glance down at your upcoming week’s schedule and there it is, your bi-yearly dentist checkup. But don’t panic. You know the dentist really isn’t as bad as it seems and there are actually some very important reasons to have a dental checkup and cleaning every six months.
WEX Inc.
AUGUST 14, 2023
A flexible spending account (FSA) carryover is one way you can provide flexibility to employees who participate in these accounts. We break down FSA carryovers below. Read our blog posts on grace periods and run-out periods for the rest of the series. Can FSA funds carry over to next year? Yes, employers do have the option of providing employees with an FSA carryover.
Employee Benefits
AUGUST 18, 2023
Nearly half (48%) of UK office employees do not have access to the feature they identify as most useful to manage their pain and discomfort at work. Inclusive design firm Motionspot surveyed 2,000 office workers who experience menstruation or menopause to explore the optimal workplace design for them. It found that the most common unavailable feature in respondents’ workplaces was a place to lie down (78%), followed by a hot bath and shower (66%) and a dark or dimly lit space (60%).
Workplace Insight
AUGUST 13, 2023
It’s a banality to point out that futurism is nowism plus either a robot butler or blasted landscape. So, I was taken with a press release we had last week from Studio Alliance which shows an AI’s depiction of the office of the future at various points over the next quarter of a century. What is most striking to me, if you set aside the Jetson-y outside views, is how much like the office of the present each is.
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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.
AssuredPartners
AUGUST 13, 2023
Changes for 2024 As 2024 approaches, employers should be aware of the upcoming Affordable Care Act (ACA) reporting changes on the horizon. Since 2015, the standard that employers have been able to rely on when filing their Forms 1094-C and 1095-C was that they could do so by paper rather than electronically if they were filing less than 250 returns.
BetterUp
AUGUST 14, 2023
Jump to section The importance of business communication skills 5 essential business communication skills 6 effective business communication techniques Final tips for improving your communication skills How to include business communication skills in job applications Make sure everyone gets the memo
Employee Benefits
AUGUST 18, 2023
Something for the weekend: Each year, more and more video game enthusiasts try to build a career out of creating their own streaming channels. As a result, accounting software and financial technology business Tipalti analysed the streaming landscape of mid-2023 to reveal the highest-earning gamers and highlight just how much a gamer could earn online.
Workplace Insight
AUGUST 13, 2023
The Young Furniture Makers exhibition, a special one-day event showcasing furniture, lighting and textile designs from emerging designer-makers to employers and key players in the furnishing industry, returns to the City of London this October. The event , organised by The Furniture Makers’ Company, the City of London livery company and charity for the furnishing industry, will take place on Wednesday 11 October at Furniture Makers’ Hall and the Dutch Church in Austin Friars, London.
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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.
Business Management Daily
AUGUST 17, 2023
There’s a noticeable difference between work environments where people enjoy their lives versus where they don’t. Some circumstances can’t be controlled — like a lunch rush while waiting tables or the holiday madness at retail stores — but workplaces that emphasize employee happiness just seem to feel better. Before we talk about making employees happy though, let’s get something out of the way: employee happiness does not translate to productivity, at least not directly.
HR Digest
AUGUST 14, 2023
Remember the good old days when employees were left to figure things out on their own? When training was nothing more than a mere suggestion, and the only development opportunities were the occasional team-building retreats? Well, those days are long gone. In today’s rapidly evolving business landscape, organizations understand the importance of investing in their employees through comprehensive and effective training programs.
Employee Benefits
AUGUST 18, 2023
Scottish junior doctors have accepted a 12.4% pay increase for 2023–24 backdated to April, bringing an end the threat of industrial action. A total of 81.64% of British Medical Association (BMA) Scotland members voted in favour of the offer, with a 71.24% turnout. Along with the 4.5% pay rise awarded in 2022–23, this amounts to a 17.5% increase over two years.
Workplace Insight
AUGUST 14, 2023
A new study from IBM claims that while employees rank meaningful work as something they care about deeply, executives say it’s the least important factor to their teams. The study, Augmented work for an automated, AI-driven world surveyed 3,000 global C-Suite executives across 20 industries and 28 countries. It also suggests that executives in the UK estimate that 41 percent of their workforce will need to reskill as a result of implementing AI and automation over the next three years.
Advertiser: Paycor
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!
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