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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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: Kaitlin Ruby Carroll
Fertility benefits have become a crucial component of employee well-being and retention strategies. In today’s competitive landscape, creating a fertility benefits program that aligns with both employee needs and organizational goals can be more complex than it seems. From cycle-based to flat-dollar and telehealth models, each solution offers unique advantages and challenges that directly affect employee satisfaction and financial well-being.
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.
Money Talk
AUGUST 16, 2023
After declining in early years of the pandemic, the percentage of older adults in the labor force is increasing. An estimated 21.9% of Americans age 65+ were working in 2022. In 2019, the older worker cohort included nearly 15% of those in their 70s. Reasons for continued work include a need for additional income (inflation), boredom, social contact, structure, and a sense of purpose.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
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
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.
McDermott Will & Emery Employee Benefits
AUGUST 15, 2023
In an acknowledgment of uncommon market conditions and their corresponding effect on defined benefit pension plan funding, the Pension Benefit Guaranty Corporation (the PBGC) provided a welcome one-time waiver for some underfunded pension plans under Section 4010 of the Employee Retirement Income Security Act (ERISA). However, to qualify for the waiver, pension plan sponsors still […] The post Better Than a Snow Day: The PBGC Provides One-Time Section 4010 Reporting Waiver appeared first o
Advertiser: Paycor
Structured interview questions are a valuable tool for reducing bias in hiring. They help: Ensure all candidates are asked the same questions in the same way Level the playing field so all candidates have a fair chance of being successful Improve credibility, reliability, and validity Download the guide to get the most out of your interview questions!
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.
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
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.
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.
Advertisement
Amidst rising cancer prevalence and soaring costs, new cancer technologies and innovations are emerging to support the early detection, treatment, and surveillance of cancer. Read this guide to understand how to evaluate these solutions for your employees and members – and to learn more about the current state of coverage, clinical and cost effectiveness, and impact on quality and outcomes.
Flimp Communications
AUGUST 15, 2023
Fourth-annual report analyzes 250 digital benefits-communication campaigns that touched nearly 775,000 employees with targeted OE messaging, educational videos and other trackable content. The post Flimp’s 2022-23 Open Enrollment Case Study and Trends Report Sees Employee-Engagement Rate Reach 74 Percent with Use of Tech-Enabled HR Solutions appeared first on Flimp.
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
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.
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
Speaker: Radhika Samant and Todd Wuestenberg
Employee recognition has often been deemed a "feel-good" initiative, tied closely to rewards. While we understand its importance, we tend to associate recognition with intangible outcomes like engagement and sentiment, rather than direct impacts on retention and high performance. In today’s workplace, the true ROI of recognition lies in its ability to regenerate tangible, business-driven results.
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.
Employee Benefits
AUGUST 17, 2023
TransUnion, a global information and insights firm and credit reference agency, has recruited Kaushik Gopalan as its new UK chief human resources officer. Gopalan will lead TransUnion’s HR strategy and staff initiatives for the UK and Europe, with responsibilities spanning talent acquisition, learning and development, employee engagement and people operations.
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.
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.
Advertisement
Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.
Wellable
AUGUST 14, 2023
While the pandemic is in the rearview mirror, the USPSTF is on the brink of recommending widespread COVID-19 screening. How will this impact employers? The post Free COVID-19 Testing Coverage: How A Task Force Decision Could Impact Employers appeared first on Wellable.
Employee Benefits
AUGUST 16, 2023
A fit-for-purpose reward strategy is vital in creating a happy and rewarded workforce that drives productivity and success. Employers should create a reward strategy that allows employees with different lifestyles and needs to work in a way that enables them to thrive. Aligning a reward strategy with organisational objectives can contribute to overall business success.
HR Digest
AUGUST 17, 2023
On September 23, 2022, a Costco store could be seen in Monterey Park, California. A jury should decide whether the employer failed to offer an adjustment for an employee who has a disability, as per a ruling by a federal district court. Dive Below the Surface A federal district court in Oregon decided on Aug. 8 in Braa v. Costco Wholesale Corp. that a jury should resolve whether Costco’s demand for the cashier to be available to work five days per week disregarded her pain and migraines.
McDermott Will & Emery Employee Benefits
AUGUST 16, 2023
How is artificial intelligence (AI) shaping the healthcare industry? In this HealthLeaders article, Alya Sulaiman describes an active landscape in which federal agencies and state attorneys general are competing to regulate the technology. Access the article. The post Will Policy, Regulation Issues Stifle AI’s Advances in Healthcare? appeared first on EMPLOYEE BENEFITS BLOG.
Advertiser: Paycor
HR leaders drowning in paperwork struggle to meet C-suite's strategic expectations. Burnout and high turnover plague the field, with 95% feeling overwhelmed. This guide explores how the right tools can free HR from admin tasks and empower them to become the strategic leaders they’re meant to be.
eni
AUGUST 16, 2023
In the ever-evolving landscape of modern workplaces, effective leadership is the cornerstone of organizational success. As HR professionals, you hold the key to nurturing and shaping the leaders of tomorrow. Leadership development is not just about filling positions; it's about fostering a culture that empowers individuals to excel, inspire, and drive the organization forward.
Employee Benefits
AUGUST 16, 2023
Hair and beauty brand Cloud Nine uses its reward strategy to celebrate a culture of success by making it clear that everyone’s achievements are to be celebrated, whether they are personal or work related. The organisation, which employs 65 workers at its Yorkshire headquarters and sells products all over the world, recognises an individual employee who has exceeded expectations and gone above and beyond each quarter.
HR Digest
AUGUST 18, 2023
In the ever-changing landscape of the business world, HR professionals face the challenge of delivering value to their organizations. The concept of HR value delivery encompasses the ability of HR departments to not only meet the needs of the business but also to create a positive impact on the overall success of the organization. In this article, we will explore the key aspects of HR value delivery and how HR can unleash its power to transform organizations.
McDermott Will & Emery Employee Benefits
AUGUST 15, 2023
Nearly all employers offer eligible participants the opportunity to make additional catch-up contributions to their retirement plans. However, beginning in 2025, the SECURE 2.0 Act makes so-called “super-catch-up contributions” available to certain employees. Adding this new feature will require employers and their service providers to develop new processes to monitor various ages and limits and […] The post Just Catching Up?
Speaker: Miriam Connaughton and Donald Knight
As organizations scale, keeping employees connected, engaged, and productive can seem like a monumental task. But what if AI could help you do all of this and more? AI has the power to help, but the key is implementing it in a way that enhances, rather than replaces, human connection. Join us for an exploration into how industry trailblazers are using AI to transform employee experience at scale while addressing both the potential and the pitfalls.
Expert insights. Personalized for you.
70 
Let's personalize your content