2023

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5 benefits that will rule 2024

Employee Benefit News

The chief well-being officer from EY and chief people officer from Headspace reveal what benefits will be vital to employee productivity and retention.

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EXCLUSIVE: 90% say flexible pay improves their finances

Employee Benefits

EXCLUSIVE: Nine in 10 (90%) employees reported that their financial situation is either stable or improved after switching to a flexible pay cycle, according to research from Wagestream. The financial wellbeing provider’s whitepaper ‘Unlocking the pay cycle’ was authored by its head of impact and inclusion Emily Trant, with advisory input from Resolution Foundation, Money and Pensions Service, Nest Insight, RideTandem and the University of California, Berkeley.

Finance 131
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Social Security Wage Base Increases to $168,600 for 2024

PayrollOrg

On October 12, the Social Security Administration announced that the 2024 social security wage base will be $168,600, which is an increase of $8,400 from $160,200 in 2023.

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4 steps to a great employee experience strategy

Achievers

Employees and job candidates now look far beyond salary when deciding whether to remain at or join an organization. While great compensation and benefits still matter, factors like inspired company culture, and truly engaging work are more important than ever. In short, people are looking for a great employee experience that lasts from the moment they apply for a job until the day they leave the organization.

Health 311
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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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77% of employers say competition for talent is key issue influencing benefits

Employee Benefits

Competition for talent was cited by three-quarters (77%) of employers as a key issue influencing their benefits strategy , according to research by global advisory, broking and solutions firm Willis Towers Watson (WTW). Its Benefits trends survey , which surveyed 339 UK organisations across a range of industries about their benefit strategies, also found that despite 45% of UK employees favouring workplace benefits that support long-term finances and retirement, more than half of employer respo

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10 Strategies For A Creative Company Culture With Examples You Need To Know

Vantage Circle

Creativity is intelligence having fun. - Albert Einstein Behind every successful company lies a secret ingredient: a creative company culture that fosters innovation and empowers its employees to think outside the box. Imagine a workspace that transcends the confines of cubicles. A place where people passionately build the future together because they love what they get to do every day.

Education 111
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Is Long Covid reshaping workplace support for long-term conditions?

Employee Benefits

By Tracey Ward, Head of Business Development & Marketing at Generali UK Employee Benefits Over 2 million people in the UK with self-reported Long Covid have now had symptoms for at least a year. It can present significant challenges in the workplace because, unlike with long-term conditions such as cancer and diabetes, the prevalence rates for Long Covid are greatest in the working age population (35-69 years).

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California Expands Paid Sick Leave in 2024

PayrollOrg

Effective January 1, 2024, employees in California will be entitled to additional paid sick leave.

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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.

IT 144
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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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What Is Imposter Syndrome? Learn What it is and 10 Ways to Cope

BetterUp

Jump to section What is imposter syndrome? What causes imposter syndrome? Characteristics of imposter syndrome Types of imposter syndrome What kind of imposter are you? 15 questions to help you find out How to deal with imposter syndrome 10 tips for dealing with your imposter syndrome Bias and imposter syndrome The prevalence of imposter syndrome and why it matters “Any day now, they’re going to realize what a mistake they made in hiring me.

IT 145
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The Outsized Impact of Employee Ownership on Company Culture

TalentCulture - Employee Benefits

There’s nothing like having skin in the game to keep you focused, motivated, and engaged. Just ask any business owner. This logic extends to employees, as well. As an increasing number of companies are discovering, an employee ownership structure is a highly effective way to foster a culture of engagement and accountability. Including employees at […] The post The Outsized Impact of Employee Ownership on Company Culture appeared first on TalentCulture.

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Flexible workplace provider creates ‘first ever’ metaverse office

Workplace Insight

The flexible workplace provider Clockwise has opened what the firm claims is the first office space in the metaverse, the Clockwise Campus. According to Microsoft, 51 percent of Gen Z expects to be working in the metaverse in some capacity by 2024. The firms say the space is heavily influenced by Clockwise’s physical offices and provides a digital platform for its members and the public to connect, collaborate and interact in various spaces including; meeting rooms, dedicated desks, breakout sp

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Examples of poor communication in the workplace

Business Management Daily

Poor communication in the workplace can happen at any and every level. Regardless of whether it involves top brass or a brand-new hire, the result is often an undesirable mess. But what does poor communication look like? Many people might explain it differently, yet we typically recognize it when we see it. In order to improve communication , it’s necessary to understand what poor communication skills look like and their negative impact on the workplace.

Health 124
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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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Special DOL Proxy Voting Rules Set to Take Effect on December 1, 2023 – Potential Action Items for ERISA Plan Fiduciaries

Proskauer's Employee Benefits & Executive Compensa

In late 2022, the U.S. Department of Labor (the “DOL”) issued final regulations (the “Final Rules”) which address the extent to which ERISA plan fiduciaries may consider environmental, social and governance (“ESG”) factors when making investment decisions and exercising shareholder rights, such as voting proxies, on behalf of ERISA-covered plans. For a detailed discussion of the Final Rules, see here.

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12 Experts Weigh In On Why You Need An Employee Handbook

Genesis HR Solutions

We’ve talked about the importance of an employee handbook from our perspective, but we thought it would be interesting to hear directly from CEOs, business owners, and HR managers about how employee handbooks have made a difference at their companies. Check out their perspectives below—you’ll likely find something that surprises you! Unfortunately, most employers don’t have a handbook that thoroughly addresses the processes and activities of their employees.

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Human leader vs. traditional boss: What’s the difference?

Insperity

Whether you’re a seasoned manager, recently promoted into a leadership role or you are responsible for an entire team of leaders, everyone should be asking the same question: How can I (or we) exercise more effective, influential and empowering leadership? The answer tends to lie in management style : Is your approach to leadership geared for the “traditional” boss?

Salary 119
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Millennials are on track for better retirement than boomers, Vanguard study finds

Employee Benefit News

Baby boomers may be wealthier, but millennials have benefited from a number of retirement reforms, new research shows — and they still have more time to save.

401(k) 117
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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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Tribunal rules stress can be disability without mental health diagnosis

Employee Benefits

An employment tribunal has ruled that stress can be considered disability without a formal mental health diagnosis from a doctor. At a preliminary hearing to discuss a case brought against Aneurin Bevan University Local Health Board, the tribunal panel in Cardiff found that claimant Mrs Phillips could be considered disabled under the Equality Act 2010.

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Employers Must Use New Form I-9 by November 1

PayrollOrg

Starting November 1, employers must use the version of Form I-9, Employment Eligibility Verification, with an edition date of 8-1-23.

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2023 HR Trends: A Look Ahead

HR Digest

As the world continues to evolve at a rapid pace, HR trends in 2023 are expected to follow suit. From the incorporation of technology to shifts in company culture, HR professionals and thought leaders are keeping a close eye on what the future holds for the industry. One of the biggest global HR trends for 2023 is the increasing importance of diversity, equity, and inclusion.

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18 Effective Strategies to Improve Your Communication Skills

BetterUp

Communication skills are some of the most utilized and the most sought after in the workplace. They’re essential for leaders and individual contributors to hone. Looking at our largely remot and hybrid work environments, great communication skills make the difference between connected, agile teams, and teams who fail to collaborate, stay aligned, and achieve common goals.

Utilities 131
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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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Grind Culture Isn’t Working. How Can Wellness Win?

TalentCulture - Employee Benefits

The Problem With Grind Culture In recent years, “hustle” and “grind” culture have become equated with drive, ambition, and success. The logic is that if you are not incessantly working, you won’t meet your goals. Grind culture also ties a person’s worth to the product they produce. However, it comes at the expense of individual […] The post Grind Culture Isn’t Working.

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Where are the iconic office furniture products of yesterday?

Workplace Insight

Over the past week or so, this image has gone viral on social media. It is of a group of Bauhaus design students from around 1927. They are called Martha Erps, Katt Both and Ruth Hellos. The full image (reproduced below) shows them with legendary office furniture designer Marcel Breuer, who Erps would later marry. The story of the photograph can be found here.

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The Evolving Job Market in the Eyes of a Recruiter

Vantage Circle

The recruiting landscape has shifted dramatically in recent years. Candidates now have far more power than they did just a few years ago. In fact, research shows that the current job market is almost 90% candidate-driven. This means that companies no longer have the luxury of picking talent; talent picks them. As a result, hiring qualified job candidates with in-demand skills, has become difficult.

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Why blockchain is about compliancy first and technology second

TLNT

Thanks to blockchain – distributed ledgers that comprise records (or blocks) containing information about the previous block – we are all going to see some big changes to benefits technology.

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6 Steps to a Better Compensation Strategy

Compensation is one of your biggest expenses as a business, but it is also your biggest investment in your people and your culture. A great compensation strategy can be an incredible asset that supports your business goals and lays a foundation of trust between your company and your employees. Whether you already have a compensation strategy in place or you’re building one from scratch, this guide will help you level up your approach through these 6 steps: 1.