Sat.Dec 23, 2023 - Fri.Dec 29, 2023

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10 retirement concerns that will shape 2024

Employee Benefit News

Issues like Medicare increases and student loan relief will impact employees' ability to plan for their financial future.

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Commuter Benefits: Where Do They Fit in the Future of Work?

TalentCulture - Employee Benefits

The pandemic was a powerful force that profoundly changed the nature of work. When lockdowns eventually lifted and organizations welcomed people back to the office, many employees began seeking greater flexibility to align their work roles and personal responsibilities. Now, employers around the world recognize the need to strike a balance between remote work options […] The post Commuter Benefits: Where Do They Fit in the Future of Work?

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The QSEHRA vs. the HRA: What's the difference?

PeopleKeep

Healthcare costs are rising , making it difficult for small business owners to afford traditional group health plans. Employers are searching for cost-effective ways to provide healthcare benefits to their employees. Health reimbursement arrangements (HRAs) are an excellent solution for affordable coverage.

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6 Office Amenities to Attract Top Talent in 2024

TalentCulture - Employee Benefits

Recruiting top talent isn’t easy — especially in today’s market. Despite recent economic challenges, many employers are still struggling to find strong people for open roles. Modern job seekers are looking for flexibility in all its forms. And that means employers need to raise their game with meaningful office amenities. So, what exactly can your […] The post 6 Office Amenities to Attract Top Talent in 2024 appeared first on TalentCulture.

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Creating a Company Culture of Care: Integrating Mental Health, Wellbeing, and DEI in Benefits

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.

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HR Professionals Need to Enter the Artificial Intelligence Conversation

HR Bartender

Estimated reading time: 4 minutes I learned a new term recently – p(doom). It stands for the “probability of doom” when it comes to artificial intelligence (AI) and a doomsday scenario. P(doom) is a scale that runs from 0 to 100. The higher you score yourself, the more convinced you are that AI is going to wipe out civilization. I first read about p(doom) in The New York Times newsletter DealBook where it reported that sharing your p(doom) score is becoming more mainstream and some people are ev

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Google to Fire 30,000 Employees After Success of Its AI-Powered Services

HR Digest

Google is setting up to fire employees all over again, despite the 12,000 workers who were laid off this year already. The reason? According to LiveMint , a report first published in The Information indicates that Google’s AI-powered ads have grown so self-sufficient that they no longer require as many individuals to oversee its functioning, making Google lay off employees who no longer have a necessary role at the company.

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Changes to California SDI Coming January 1

PayrollOrg

Effective January 1, 2024, there is no California state disability insurance (SDI) taxable wage base limit, which means there is no cap on the amount of employee contributions for SDI.

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The Best and Effective Software to Manage Projects

Qandle

In the fast-paced realm of project management, efficiency and organization are paramount. With the ever-evolving landscape of technology, project managers now have access to a plethora of sophisticated software tools designed to streamline processes, enhance collaboration, and ensure successful project delivery. In this blog post, we will delve into some of the most innovative project management software solutions that are reshaping the way teams work together.

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Stipends, PTO and manager support will help caregivers thrive in 2024

Employee Benefit News

From flexibility to expert advice, employers have a better shot of retaining talent when they offer support to employees caring for loved ones.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

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.

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New Employment Laws in 2023: A Guide for Employers and Employees

HR Digest

Many new employment laws in 2023 have been introduced to reshape the regulations that oversee the safety of US citizens, and companies that want to avoid any complications in the future should ensure they update their regulations and policies to match them as well. The US employment regulations this year have not introduced too many major changes that necessitate significant restructuring but the rules are impactful nonetheless.

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What Is Imposter Syndrome at work? How to identify and combat it

Business Management Daily

Work is a part of life. Like our hunter-gatherer ancestors, survival today depends on going out and getting food if we want to eat. Survival these days doesn’t depend as much on running fast and dragging game back home (unless you count bringing in all the groceries in one trip), but it still requires effort. Communities are where cooperation and specialization allow each person to do their own thing and share their skills for everyone’s benefit.

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How to report employer-sponsored health benefits on Form W-2

PeopleKeep

Offering health benefits as part of your compensation package is an excellent way to attract and retain employees. Employers that offer health benefits need to fully understand their income tax reporting obligations to avoid penalties from the IRS. Some health benefits operate on a pre-tax basis, while others operate on a post-tax basis. How you report them on your employees’ W-2 forms will differ depending on the type of benefit you offer.

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EEOC Proposes New Workplace Anti-Harassment Guidance

InterWest Insurance Services

The Equal Employment Opportunity Commission has issued proposed language to update its guidance on harassment in the workplace. The proposed guidance “reflects notable changes in law, including the Supreme Court’s 2020 decision in Bostock vs. Clayton County (which held that LGBTQ individuals are protected from workplace discrimination under Title VII), the #MeToo movement and emerging issues, such as virtual or online harassment,” the EEOC wrote in its introduction to the prop

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6 Strategies to Navigate Social Determinants of Health for a Better Workplace

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.

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Putative ESOP Class Action Dismissed for Failure to Exhaust Administrative Remedies

Proskauer's Employee Benefits & Executive Compensa

The decision in Bolton v. Inland Fresh Seafood Corp. of America Inc. , No. 22-cv-4602 (N.D. Ga. Dec. 5, 2023)should serve as a reminder to all ERISA practitioners that, if litigating in courts of the Eleventh Circuit, participants must exhaust a plan’s claims procedures before commencing a lawsuit—regardless of the type of ERISA claim asserted. In this case, several former employees and participants in Inland Fresh Seafood Corporation of America, Inc.’s Employee Stock Ownership Plan (“ESOP”) sue

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Apple Watch Sales Halt: What’s Behind It?

Wellable

Apple has halted sales of some Apple Watch models in the US due to a patent dispute with Masimo. Explore what’s behind this legal battle. The post Apple Watch Sales Halt: What’s Behind It? appeared first on Wellable.

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Copyright Infringement?

Florida Workers' Comp

There must be something in the air this week. The news pulls me back to how we use the works of others. There is significant coverage of the plagiarism allegations at Harvard. See Challenges of Service (December 2023). The Boston Globe put an interesting headline on it later that same day: " Harvard strains to find other words for ‘plagiarism ’." Billy Shakespear wrote, "A rose by any other name would smell as sweet.

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Family Coverage Costs Hit Small-Business Workers Hardest: Study

InterWest Insurance Services

A new study has found that most employer-sponsored family health plans are increasingly unaffordable for workers due to rising costs and them footing a significant part of the premium, even with employer assistance. Workers at smaller firms, defined as those with fewer than 200 employees, are especially affected as they typically have to pay a larger share of the family coverage premium than their large-employer counterparts (38% vs. 25%), according to the 2023 Kaiser Family Foundation “Em

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HR Trends to Watch in 2024 + Plus Advice for Driving Impact!

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.

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Pharmacy Benefit Manager Reform: What’s on the Horizon? (December 2023 Update)

McDermott Will & Emery Employee Benefits

The price of prescription drugs has brought scrutiny to the entire drug supply chain. Congress and other policymakers continue to seek opportunities to lower costs for patients and the federal government. Pharmacy benefit managers (PBMs) are a key stakeholder in the drug supply chain, functioning as intermediaries between insurance providers and pharmaceutical manufacturers.

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Holistic review of medication therapy management unlocks results

Employee Benefit News

When pharmacists can collaborate with a patient's care team, health outcomes will improve while money and lives are saved.

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Challenges of Service

Florida Workers' Comp

A recent article in the Wall Street Journal focused on the challenges faced by The Old Miss of the North. A great many people thrive on their former affiliation with Harvard. The reputation and name carry a great many through their daily challenges. It is often interesting that attendance at such schools is the only credence an expert witness can bring to the table.

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Top 8 Reasons Why 2023 Was a Year of New Territory

Darwinbox

2023 was a year of New Territory, defined by technological advancements and cultural phenomena, all over the world, and at Darwinbox as well. Let’s look at the top 8 reasons that made 2023 a Year of New Territory. with a bonus at the end! Everywhere we look in 2023, we see ourselves in new territory. The world is changing fast! So many times this year we’ve traipsed into terra incognita, propelled by groundbreaking achievements, technological advancements, and cultural phenomena.

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Improving Access To & Utilization Of Cancer Screening With Color

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.

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Parsing MHPAEA Claims Under the Proposed Rule: E.W. v. Health Net Life Insurance Company

McDermott Will & Emery Employee Benefits

In a series of recent posts, we have examined a sampling of comments submitted in response to proposed regulations under the Mental Health Parity and Addiction Equity Act (MHPAEA). The proposed regulations were issued earlier this year by the US Departments of Labor, Health and Human Services and the Treasury (the Departments). Our previous MHPAEA content is […] The post Parsing MHPAEA Claims Under the Proposed Rule: E.W. v.

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Raising dependent care FSA limits would help manage child care costs

Employee Benefit News

Data shows that the $5,000 annual tax limit does not cover the average price of one child in center-based infant care.

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You are Going to Be OK

Florida Workers' Comp

Recently, in The Value Exchange (October 2023), this highlighted a younger worker who had thoughts about the challenges of a 9 to 5 world of work. It is not easy to make ends meet in this world, and it it is an uncertain place. There are times when circumstances beyond one's control can make the paycheck-to-paycheck existence challenging. There is also too much tendency to see this as a "today" problem.

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ERC Voluntary Disclosure Program Gives Businesses a Discount on Questionable Claims

Patriot Software

Aggressive promotion, scams, and ERC mills—that’s the drama surrounding the employee retention credit (ERC). The ERC was a lifeline for small businesses struggling to stay open during the pandemic. But bad actors quickly pounced on the opportunity.

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Individual Development Plan Template

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!