Sat.Oct 26, 2024 - Fri.Nov 01, 2024

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The Role of Strategic HR Planning in Enhancing Organizational Efficiency

Qandle

For organizations striving to stay competitive and adaptable in today’s fast-paced market, an effective strategic HR planning process is crucial. Strategic HR planning goes beyond merely hiring the right talent; it focuses on aligning human resources with the organization’s goals to enhance efficiency and foster growth. By developing comprehensive HR strategies, businesses can anticipate workforce requirements, navigate potential challenges, and support their long-term objectives.

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Inflation Impacts and Financial Clawback Strategies

Money Talk

Unless you’ve been living under a rock during the past three years, you know that inflation- i.e., an increase in the cost of goods and services- has been a major concern of U.S. households as their dollars purchase less than they did prior to the pandemic. While virtually no household purchase has been exempt, areas of highest recent concern are food, vehicles, insurance, and housing.

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Best Benefits For A Small Business

Enjoy Benefits

If you’re a small business thinking of adding employee benefits to your workplace, how do you choose the right ones to offer? At Enjoy Benefits, we offer a range of benefits that you can choose from, which will make a difference to your employees’ lives and your business. We have decades of experience, and we actively work with thousands of UK businesses, particularly SMEs.

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Standing desks may not be any better for you than office chairs

Workplace Insight

Last week at Orgatec, many firms continued to repeat the claim that “sitting is the new smoking” in their marketing spiel. There’s something in this. The risks of a sedentary lifestyle include health problems such as obesity, diabetes, and cardiovascular disease. Standing desks have been seen as a way to reduce the time people spend sitting while at work as a fix for such health problems.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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Communication Inspiration: The Benefits Hub

International Foundation of Employee Benefit Plans

What actions can you take to ensure benefits plan members use the programs offered by your organization and value your investment in their well-being? As technology and members’ communication preferences keep evolving, trustees and plan sponsors need to continuously evolve their communication […] The post Communication Inspiration: The Benefits Hub appeared first on Word on Benefits.

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5 ways for employers to manage post-election emotions in the workplace

Employee Benefit News

An expert from NeuroLeadership Institute discusses what to keep in mind as employees process the results of the presidential race.

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What is Employer-Sponsored Health Insurance? A Beginner's Guide

PeopleKeep

In today's competitive labor market, employee benefits are more important than ever. According to our 2024 Employee Benefits Survey , 81% of employees consider an employer’s benefits package as an important factor in whether they accept a job. Health insurance consistently ranks as the top benefit employers can offer. It supports employee health and also plays a key role in their financial security.

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Saving Money on Employee Benefits is Not as Scary as You Think

International Foundation of Employee Benefit Plans

The 2024 edition of the International Foundation’s Employee Benefits Survey addresses many topics that organizations struggle with to keep benefit cost down for their employees. This includes health care plans and prescription drugs. Prior research conducted in 2024 by the International Foundation […] The post Saving Money on Employee Benefits is Not as Scary as You Think appeared first on Word on Benefits.

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Compliance TV: IRS Announces 2025 COLAs for Transportation Fringes, FSA Deferrals; Social Security Wage Base Increases to $176,100 for 2025; and more

PayrollOrg

In this November 2024 issue of Compliance TV: IRS announces 2025 COLAs for transportation fringes, FSA deferrals; Social Security wage base increases to $176,100 for 2025; and more.

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Bringing Us Together Through Innovative Benefits

Speaker: Joe Fernandez, Chief Strategy Officer, Selerix & Sharlyn Lauby, Author & Publisher, HR Bartender

What if your benefits strategy could be more than just inclusive—what if it could actually bring your team closer together? In today’s evolving workplace, employees span a wide range of life stages, work arrangements, and cultural perspectives. That’s why offering one-size-fits-all benefits just doesn’t cut it anymore. It’s time to reimagine how we support our teams.

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In 2024, employees see flexible work as a mental health benefit

Employee Benefit News

Offering workers more power over their schedule demonstrates empathy and builds trust.

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The Link Between Financial Wellness and Employee Performance

3Sixty Insights

Roughly 60% of Americans reported living paycheck to paycheck in 2024. These numbers are unsettling, especially given their consistent growth. But it also means nearly two-thirds of the U.S. workforce could face a financial crisis over something as simple as a flat tire. The downstream effects of this are not just confined to workers. They also impact the performance of the businesses they work for.

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Voluntary benefits: A guide for your first-time enrollees

WEX Inc.

When it comes to navigating the world of employee benefits, there’s a lot to take in, especially if you’re a first-timer. Among the suite of benefits you’re likely to be offered, voluntary benefits are often misunderstood. In the final blog post of our three-part series to educate first-time participants, we explore all the unknown voluntary benefits terms and bring clarity of information to first-time participants.

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Get Your Free Guide to Global Payroll Management

PayrollOrg

PayrollOrg and sponsor Papaya Global have teamed up to present the 14th edition of the Guide to Global Payroll Management. This free comprehensive eBook covers critical compliance guidelines vital to payroll professionals responsible for managing and administering global payroll or for anyone who wants to expand their knowledge across international borders.

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More Than a Benefit: Group Medicare and the Psychology of Retirement

Speaker: Shae Noble

As the workforce ages, retirement is becoming a more complex and emotionally significant transition. For many employees, retiring marks not only a change in benefits and income but also a shift in identity, community, and purpose. This webinar explores how HR professionals can support aging and retiring employees through a trauma-informed lens—one that recognizes the emotional and psychological dimensions of leaving the workforce.

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The campaign issues HR execs must watch

Employee Benefit News

Whoever wins the White House and controls Congress is likely to affect important issues tied to compensation and healthcare.

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Are You a Frequent Job Hopper? Consider Its Impact on Retirement

HR Digest

The Great Resignation may have presented us with the peak number of workers quitting their jobs and moving on to new opportunities elsewhere, but the trend of job hopping didn’t start or end there. Most employees work with multiple employers over the course of their career but even moderate instances of job hopping can have a lasting impact on their retirement fund.

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The top 3 benefits employees told us they want education on

WEX Inc.

As an employer, providing a robust employee benefits package is only half the battle. Educating on the value of their benefits and how best to use them is equally important. We recently surveyed nearly 60,000 of our participants. One of the questions we asked: What benefit would you like to learn more about? In this article, we share the top three benefits they said they would like more education on to help you prepare for your upcoming open enrollment.

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Structuring Competitive Compensation Packages for UAE Talent

Bayzat

Attracting the best talent and holding onto the existing top performers means the company will need to have an attractive compensation package within its staff retention and hiring plan. Sometimes referred to as a salary package, an employee compensation package is the overall combination of financial and non-financial rewards that employees receive in exchange for their work.

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Ready to Save Time With AI? Try 14 ChatGPT Prompts for HR

ChatGPT is a powerful tool that can help you quickly brainstorm, draft, and refine tasks on your to-do list. But it can take a bit of strategy and practice to get generative AI to give you the time-saving results you’re looking for. Try these 14 detailed prompts to unlock the power of ChatGPT. You'll discover ways to streamline tasks for hiring, employee engagement, and performance management.

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What are the top retirement insights that consumers need to know?

Employee Benefit News

While data from Goldman Sachs showed that consumers are more confident about reaching their savings goals with a plan in place, many face financial challenges along the way.

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Breaking Out Our Reserve of Salary Negotiation Tips for You to Employ

HR Digest

Need a few salary negotiation tips to ensure the pay at your next job aligns with your best interests? We’re going to break down some salary negotiation strategies so you don’t find yourself both overworked and underpaid despite all the experience you have in your field. Any salary is better than no salary at all, so it can be very tempting to accept a job offer without any negotiations.

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How better payment remittance drives AP efficiency and security

WEX Inc.

Cash shortfalls. Poor supplier relationships. Fraud. There are some ways you could turn these setbacks into opportunities by enhancing your payment remittance process. You might be surprised to learn all the ways that virtual cards can help improve remittance. What is payment remittance? Payment remittance is the process of sending funds from one party to another using some sort of payment method.

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What is a benefits broker and how can they simplify employee benefits?

Higginbotham

Navigating employee benefits can be complex for employers, especially when balancing cost control with providing comprehensive offerings to workers. This is where a benefits broker can become indispensable. Acting as an intermediary between employers and insurance providers, benefit brokers help design, implement and manage employee benefits programs.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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The election will change the way organizations recruit

Employee Benefit News

A recruitment expert shares some workplace predictions that will affect every organization regardless of which party wins.

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Balancing Benefits and Wages: How Rising Healthcare Costs Impact Small Business Strategies

CorpStrat

With healthcare costs climbing, small business owners are navigating difficult choices between competitive wages and sustainable benefits plans. In today’s challenging business environment, healthcare costs are becoming an increasingly difficult hurdle for small business owners. A recent study, the *2024 “Pulse of the Purchaser” survey* by the National Alliance of Healthcare Purchaser Coalitions, highlights how the rising costs of healthcare are affecting employers’ ability to offer wage increas

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12+ Creative Staff Bonus Ideas That Go Beyond Cash Rewards

Empuls

Bonuses have long been a favorite tool for employers to boost employee motivation and engagement. However, a 2021 study found that nearly 78% of employees feel more motivated when they receive a mix of both financial and non-monetary rewards. While salary increases play a role, bonuses—especially those tailored to individual preferences—can have an even bigger impact on morale and performance.

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Benefits That Boost Men’s Mental Health

Enjoy Benefits

Each November, some of the men you know may look a bit different, perhaps turning up at work with a new moustache. If that sounds familiar, you may already know it’s part of an increasingly popular trend to support the charity Movember, which works to increase awareness of men’s health. Movember seeks to raise awareness of health issues like prostate and testicular cancer, and mental health issues that can lead to men’s suicide.

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Let’s Be Honest About Open Enrollment

Imagine an Open Enrollment season that feels less like a race against the clock and more like a well-orchestrated plan. Or employees who feel confident in their decisions because they actually understand their options. How about a stress-free process that allows you to focus on strategy instead of scrambling to put out fires. Your wish. Our command.