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.
Advertiser: Paycor
According to Forbes, employees who feel listened to show a 64% longer commitment to tasks. And that’s just for starters. Learn how emotionally intelligent leaders drive business results. Download Paycor’s guide for the full story.
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.
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.
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
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.
Speaker: Lauri Armstrong, SHRM-SCP - Sr. Director, People Operations at Carrot Fertility
Today’s workforce includes multiple generations of employees all looking for something different from their benefits package. While meeting these disparate needs can be challenging, a comprehensive fertility benefit can support everyone from junior staffers learning about their fertility health to senior leadership managing menopause and low testosterone symptoms.
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.
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.
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
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.
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Discover 5 key trends derived from Gallagher's 2023 Benefits Strategy & Benchmarking Survey data that give employers an evolved perspective on organizational wellbeing. These insights come from over 4,000 US organizations that are navigating benefits and HR decisions so their people and businesses can thrive. Watch the free recording now!
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.
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
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%).
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.
Speaker: Hayley Doran - Chief Growth Officer, Group Benefits Humana | John Lahr, OD, FAAO - Medical Director EyeMed | John Yamamoto, DDS, MPH - Director of Clinical Innovations at Humana
Discover how to unlock the power of early childhood dental and vision care to boost children’s health and employee satisfaction. As employees negotiate benefits - either as new recruits into a company or for retention purposes - oral and vision care for employees and their families is becoming an increasingly common request. Benefit providers are fielding more and more questions from HR leaders on how to offer flexible benefits and convenient access to oral and vision care for children and famil
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 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.
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.
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
Advertiser: Paycor
Choosing an HCM partner is one of the most important decisions you’ll make because time is one of your company’s most strategic assets. How do you want to spend your time?
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.
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.
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.
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.
Speaker: Julie B. Chavez - VP, Strategy & Alliances at Carrot
An estimated 1.1 billion women worldwide will have experienced menopause by 2025. Symptoms like hot flashes, fatigue, and anxiety can be incredibly disruptive — and last for years. But despite its massive impact, little is being done to support those going through menopause in the workplace. In a recent survey, 70% of respondents said they have considered changing their employment to better manage symptoms — perhaps because only 8% received significant support from their employer related to meno
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