Money Talk
JULY 5, 2024
It’s that time again! Every quarter, I like to review and summarize my notes from recent webinars and classes. Below are some interesting tidbits that caught my attention from recent programs: IRMAA Medicare Premium Surcharges - About 8% of older adults pay income-related monthly adjustment amount (IRMAA), a higher premium paid by Medicare recipients with higher incomes.
HR Bartender
JULY 25, 2024
Estimated reading time: 3 minutes A couple of years ago, I published an article about how an “ organization’s technology strategy needs to include building the perfect tech stack ”. It’s still true today. A quick refresher: a tech stack is a grouping of technology services that are “stacked” together to create the best, most effective, and efficient process possible.
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Employee Benefit News
JULY 17, 2024
While the revival of traditional pension plans faces significant hurdles, the exploration of hybrid solutions and innovations in retirement planning could provide a path forward.
Workplace Insight
JULY 16, 2024
Dry, uninspiring offices and long, costly commutes are principal causes for a lack of office-based working, according to a new poll. The survey, commissioned by design and fit-out firm Peldon Rose claims that 1 in 3 (34 percent) office-based workers in London have a ‘nightmare journey’ into work each day, which ultimately deters almost half (46 percent) from travelling into the office.
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What type of worker is most engaged—hybrid, remote, or onsite? What are the drivers of effective leadership? What does the C-suite think HR is most responsible for? And why is a wave of HR resignations more likely in the next 12 months? Get our annual survey report to find out: The #1 challenge of recruiting & hiring Why remote teams are struggling What are the drivers of effective (and ineffective) leadership And lots more!
Employee Benefits
JULY 23, 2024
IT service management business Softcat, hotel chain Hilton and biopharmaceutical firm Bristol Myers Squibb have been named some of the UK’s Best Workplaces for Women 2024. The list is produced by global workplace culture firm Great Place To Work. It used its trust index employee survey and analysed the responses of more than 80,000 UK-based female workers.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
Money Talk
JULY 25, 2024
Earlier this year, a new Facebook group started in my 55+ community: a group for self-employed residents with small businesses including hair styling, dog-walking and grooming, airport drivers, real estate sales, website design, computer repairs, wood-working and crafts, and more. As a financial education solopreneur who works from home, I was happy join a group of kindred spirits to share information about each other’s products and services.
HR Bartender
JULY 18, 2024
Estimated reading time: 4 minutes Over the past few years, we’ve all been exposed to the notion of misinformation and/or disinformation. It might have been someone who shared an announcement that a celebrity has died, only to find out that it’s either not true or it happened four years ago. Or a news agency that labels an act of violence as terrorism (or completely dismisses it) before all the facts are in.
International Foundation of Employee Benefit Plans
JULY 23, 2024
The frequency and costs of data breaches continue to rise globally, with the average price tag of a data compromise reaching US$4.45 million in 2023, according to a recent report from IBM Security. Cyber insurance can help protect your organization from bad […] The post Cyber Insurance: Do You Have It? Do You Need It? appeared first on Word on Benefits.
Workplace Insight
JULY 11, 2024
The integration of Artificial Intelligence into the workplace is not just a technological shift; it’s a fundamental reimagining of how we work, interact, and manage our professional environments. As AI capabilities rapidly evolve, they promise to transform every aspect of workplace design and management, from physical layouts to organizational structures and employee experiences.
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About 40% of us will be diagnosed with cancer in our lifetime, and patients are getting younger. At the same time, the cost of treatment continues to rise, with employers spending 8.5% more on cancer care for each employee than they did last year. The best thing employers can do for their employees and business tomorrow is to invest in cancer detection and care today.
Employee Benefits
JULY 10, 2024
Credit: piyaphun phunyammalee / Shutterstock.com Sporting and fashion brand Fred Perry and pie making business Pieminister have received real living wage employer accreditation from the Living Wage Foundation. Employees at the two organisations across the UK will now receive a minimum of £12 per hour, while those based in London will get £13.15. This is higher than the government’s national living wage of £11.44, which applies to workers aged 21 and over.
Employee Benefit News
JULY 22, 2024
From friendly competition to recognition to making salsa from scratch, workers thrive when they participate in intentional relationship-building experiences.
Vantage Circle
JULY 19, 2024
Discipline forms the backbone of a productive and thriving workplace. However, the real problem arises when employees disregard company rules and act on their own. This creates a crisis and addressing it becomes crucial for the organization. The central challenge lies in striking a delicate balance between correction and motivation. Navigating these complexities of employee discipline for HR professionals proves to be a formidable task.
HR Bartender
JULY 11, 2024
Estimated reading time: 4 minutes I recently wrote an article about “ How to Write an Email that Others Will Read ”. It provides great tips and reminders about sending good email messages. After the article was published, it occurred to me that another common form of business communication is text messaging. So, I reached out to my community again and asked them tips for writing a professional text message.
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Game Plan Total Rewards provides strategic consulting and project management services for Total Rewards, HR Operations, and Mental Health programs. From 50 to 50,000+ employees, all industries, we are experienced in working with all sizes and types of organizations and can support globally given our experience in over 30 countries.
BetterUp
JULY 23, 2024
So much potential power comes from holding a position of leadership. But when you switch to a new organization — or if you lose the title that gave you this power — you lose all of the positional power that came with your title.
Workplace Insight
JULY 17, 2024
According to a new study published by Netskope , regulated data (data that organisations have a legal duty to protect) makes up more than a third of the sensitive data being shared with generative AI (genAI) applications—presenting a potential risk to businesses of costly data breaches. The new Netskope Threat Labs research claims to reveal that three-quarters of businesses surveyed now completely block at least one genAI app, which reflects the desire by enterprise technology leaders to limit t
Employee Benefits
JULY 16, 2024
Multinational telecommunications firm BT Group is to roll out a new family leave policy for its UK employees from 1 January 2025. The group’s new family leave policy is aimed at levelling up paid leave for any parent welcoming a new child. Regardless of how their family is made up, all employees will be able to take 18 weeks’ leave on full pay , eight weeks of half pay and 26 weeks at the statutory rate.
HR Digest
JULY 15, 2024
NSEU union workers at Samsung are on an indefinite strike in Hwaseong, South Korea, uniting in their demand for better benefits. The National Samsung Electronics Union had attempted a one-day strike last month and then announced a three-day strike earlier this month. Samsung union workers have attempted to initiate negotiations with the company over pay and benefits but the tech giant has been reluctant to come to the table to discuss the conditions laid out by the workers on strike.
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The first report from Gallagher’s 2024 US Workforce Trends Report Series, includes data from 3,500+ employers who participated in the 2024 US Benefits Strategy & Benchmarking Survey. The report provides benchmarks for benefits, HR and people strategies to help organizations thrive. Organizations continue to rank retention as the top priority for HR, and second highest for operations.
Vantage Circle
JULY 9, 2024
Have you ever wondered why employees keep leaving despite the company’s best efforts to retain them? This challenge is more common than you might think, and it highlights the importance of understanding the benefits of employee retention in today's business environment. Companies with high retention rates enjoy a plethora of advantages, from substantial cost savings to enhanced productivity and a stronger company culture.
HR Bartender
JULY 16, 2024
Estimated reading time: 4 minutes Knowledge management is the process of organizing, using, and sharing knowledge within the organization. According to IBM, there are three types of knowledge: tacit, implicit, and explicit. Tacit knowledge is acquired through experience. An example of tacit knowledge could be leadership skills. Explicit knowledge is captured in documents like manuals, reports, data, etc.
BetterUp
JULY 15, 2024
You've likely heard the saying, “The whole is greater than the sum of its parts.” And while Aristotle was not referring to teamwork, the statement expresses the main goal of building a great team. The importance of teamwork lies in its ability to achieve far more than individuals working alone. Why is teamwork important in the workplace? It combines diverse skills and perspectives, enhancing creativity and problem-solving, while boosting employee engagement and morale.
Workplace Insight
JULY 15, 2024
CEOs are leading by example when it comes to hybrid working, with nine in 10 (93 percent) saying they have personally adopted flexible working patterns according to a new poll. The survey of more than 500 CEOs by International Workplace Group suggests that the vast majority now split their working time between locations. Just 7 percent said they spend five days a week working from a central office.
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Ready to boost employee happiness, improve inclusion, and make a positive impact on morale? From fostering cooperation and collaboration to promoting inclusivity and community impact, our checklist covers it all! Create the kind of workplace where employees feel valued, motivated, and invested in your success.
Employee Benefits
JULY 17, 2024
Credit: Muhammad Aamir Sumsum / Shutterstock.com The new Labour government is to introduce an Employment Rights Bill within its first 100 days as part of its plan to make work pay. Announced in the King’s Speech on Wednesday 17 July, the plan will create a new partnership between business, trade unions and working people, inviting their views on how best to put the plans into practice.
PeopleKeep
JULY 22, 2024
A robust benefits package that includes health coverage is an important recruiting tool for every employer. However, soaring medical costs can make offering health benefits challenging for small business owners with limited budgets. Luckily, health reimbursement arrangements (HRAs)— specifically the qualified small employer HRA (QSEHRA)—can help small employers overcome this challenge.
Vantage Circle
JULY 23, 2024
Imagine a scenario where you are in a meeting, sharing your ideas and opinions, reflecting on your expertise, when suddenly a co-worker intervenes, saying, “You’re so articulate for someone coming from your background.” While this might initially seem like a compliment, it reveals an underlying preconceived notion the coworker has of your community or culture.
International Foundation of Employee Benefit Plans
JULY 26, 2024
It should come as no surprise that the spaces we occupy every day have a huge impact on our overall wellness. The Environmental Protection Agency and Vancouver Coastal Health report that Americans and Canadians spend about 90% of their time indoors. But […] The post Human Nature: Wellness Benefits of the Outdoors appeared first on Word on Benefits.
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Saving for retirement is no easy task, and as an employer we know you want to help your employees get what they need out of their retirement benefits. With a health savings account (HSA), you can relieve the burden of health care costs for both you and your employees. With our new report, “Using an HSA to Save for Health Care in Retirement,” you can get insights on the costs of a modern retirement and dive into the details of the triple-tax benefits HSAs offer.
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