September, 2023

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Risk Scores Impact Employee Benefit Costs

AssuredPartners

Over the past several years, we’ve seen unprecedented medical inflation, causing many employers to ask how to control benefit costs and increase productivity. After exhausting the supply side of healthcare through decreased benefits, spousal carve-outs, etc., employers seem to be running out of options. One current strategy is to look at the demand side of healthcare – lowering employer and employee risks using wellness programs and improved population management.

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Top 10 Enterprise Payroll Software in 2023

HR Lineup

Payroll management is critical for businesses of all sizes, but it becomes especially complex for enterprises with a large workforce. In 2023, enterprise payroll software has evolved to offer advanced features that streamline the payroll process, ensure compliance with tax regulations, and enhance employee self-service options. To help you choose the right solution for your organization, we’ve compiled a list of the top 10 enterprise payroll software options for 2023. 1.

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12 types of employee stipends and examples of each

PeopleKeep

Offering robust employee benefits can greatly help companies that are looking to attract and retain top talent. In addition to offering traditional benefits like health insurance or retirement contributions, more employers are offering stipends to employees. These are additional funds an employer provides to cover specific employee expenses on a one-time basis or on a regular cadence.

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Tax-Deferred Retirement Savings Plans in Later Life

Money Talk

One place where there is a gap in adult financial education is programs for older adults age 65+. The bulk of community and workplace programs cover financial tasks and decisions to get “to retirement,” not “through retirement." One of the niche audiences for my business, Money Talk , is older adults grappling with financial issues such as creation of a retirement “paycheck,” paying taxes on required minimum distributions (RMDs), and simplifying financial accounts.

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How Emotionally Intelligent Leaders Drive Business Results

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.

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Two in five older staff are unaware of their total retirement savings

Employee Benefits

Two-fifths of older employees are unaware of how much they have saved for retirement, according to research by workplace savings and pensions fintech Cushon. Its survey of more than 2,000 employees enrolled into a workplace pension found that older employees have less clarity over the value of their retirement pension pots , as 41% of those aged 55 and above are not sure how much they have saved, compared to almost three in 10 (28%) of all UK staff.

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Artificial Intelligence and the Candidate Experience – hr bartender

HR Bartender

Estimated reading time: 3 minutes I’ve talked to a few recruiters recently who are very concerned about artificial intelligence (AI) replacing them. It reminded me that several years ago, I asked a few people in the technology and talent acquisition space this very question about technology replacing recruiters. I believe their comments are still spot on today.

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Workers increasingly concerned that AI will come for their job in the very near future

Workplace Insight

Two thirds of IT workers and nearly half of office workers think that generative AI may come for their jobs within five years, according to a new report from Ivanti. The poll of nearly 8,000 respondents worldwide also suggests that 57 percent of people report ‘serious friction’ with workplace technology at least weekly and 61 percent say negative experiences with work tech affects their morale.

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A 100-Year Old Journey of Human Resource Management

HR Digest

If you think the challenges faced by Human Resource Management (HRM) today are unprecedented, think again. HR professionals have been at the forefront of change for over a century, constantly adapting to the shifting landscape of the workplace. From labor unrest to economic crises, wars to civil rights movements, HRM has weathered it all. Join us on a journey through time as we explore the fascinating evolution of the HR department and its functions.

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District Court Replaces Plan Trustees With Independent Fiduciary

Proskauer's Employee Benefits & Executive Compensa

In Su v. Fensler , No. 22-cv-01030, 2023 WL 5152640 (N.D. Ill. Aug. 10, 2023), the court granted the Department of Labor’s motion for a preliminary injunction to replace with an independent fiduciary the trustees of the United Employee Benefit Fund, who are accused of breaching their fiduciary duties by using Fund assets to engage in prohibited transactions.

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Fertility Benefits for Every Age: A HR Roadmap from Gen Z to Baby Boomers

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.

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Why suicide awareness should be a workplace priority

Employee Benefits

More than 6,000 people in the UK take their life every year. Three-quarters of those suicides are men. Suicide is the biggest killer of young adults under the age of 35 and of men aged between 50 and 54. And while there is a link between unemployment and suicide, the reality is that most people who die by suicide are in employment. So why does suicide remain one of the biggest workplace taboos ?

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10 benefits of employee engagement: Why it’s so important 

Achievers

There’s a stark difference between organizations that have strong employee engagement, and those that don’t. One can boast employees who are always excited about tackling the next part of the project, look for innovative ways to add value, and strive to outdo themselves on a daily basis. The other is filled with team members who are just there for the paycheck and are likely keeping an eye out for a more fulfilling position elsewhere.

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Bookmark This! Workplace Ethics Edition – The HR Bartender Show

HR Bartender

Estimated reading time: 3 minutes In our second season of The HR Bartender Show, we focused on change management. We are constantly being faced with change. Some big, others small. Some impact our professional lives, and others on a personal level. It’s important that we know how to manage change. That’s why I think it’s so applicable to focus season three on workplace ethics.

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AI is giving business leaders the heebie-jeebies, new poll suggests

Workplace Insight

An overwhelming majority of business leaders (94 percent) admit to some form of ‘tech anxiety’ when it comes to AI and other technology, according to a new survey from Kin + Carta. This anxiety is on the rise as the pace of digital and technological change accelerates, and is prompting top executives to invest more in digital transformation, according to the survey.

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Modernizing Your Benefits: 5 Trends Employers Need to Know and Act On

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!

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How to create a careers page that attracts top candidates

PeopleKeep

In today's competitive labor market, talented people have plenty of job options to choose from. If you want to catch their attention, you need to make your company stand out.

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Tenth Circuit Adopts “Meaningful Benchmark” Pleading Standard in Dismissing Challenges to 401(k) Plan Fees

Proskauer's Employee Benefits & Executive Compensa

In a case of first impression in the Tenth Circuit, the Court recently joined the chorus of circuit courts in holding that a 401(k) plan participant alleging excessive investment management or recordkeeping fees must assert a “meaningful benchmark” in order to survive a motion to dismiss. In addition to rejecting commonly pleaded “benchmarks” because they were not meaningful, the Court’s ruling is of particular significance because, unlike some other courts, it dismissed the participants’ “shar

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Kellogg implements domestic abuse policy

Employee Benefits

Food business Kellogg has introduced a new domestic abuse policy, which includes an array of workplace support for impacted employees. The organisation, which employs more than 1,360 staff at its Manchester head office and Trafford and Wrexham factories, now offers an additional 10 days of paid leave, access to a free 24-hour confidential counselling service, flexible working arrangements and financial help for an initial legal support meeting.

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After the September Surge: Retaining employees through recognition

Achievers

What isn’t news is that the pandemic changed the way we work. What is novel is the way it’s changed how, and when, employees look for work — and what organizations have done to help in retaining employees. Bear with me as I recount a bit of history first, because the journey is important to remember. The September Surge is a product of our history. The good news is that unlike The Great Resignation and The Big Stay, you can get ahead of it by using some of my recommended best practices.

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Top HR & Workplace Benefits Trends to Improve Employee Satisfaction + Family Health

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

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Workplace Ethics [Episode 5] Jacob Ficner on Managing Ethical Risk with Technology

HR Bartender

Estimated reading time: 3 minutes Organizations want to operate in an ethical manner. They also want to be effective and efficient. There’s no reason that organizations have to compromise on doing it all. It starts with building a good foundation of ethics. But then organizations need to think about how to maintain ethics, no different that regularly examining data and information to ensure effectiveness and efficiency.

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Not many people want fully remote work, but nearly everybody wants a better office

Workplace Insight

Just 7 percent of UK office workers back fully remote work, but eight in ten would like to see significant improvements to their company’s office and more support for flexible working, according to the Sony State of Offices Report 2023 [registration]. The report from Sony Professional Displays and Solutions Europe suggests that over two fifths (41 percent) of UK office workers still prefer to work from a dedicated company office, and across Europe this trend is even more pronounced with ov

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Top 15 Knowledge Management Software in 2023

HR Lineup

Knowledge management is a critical component of modern business operations. It involves the creation, organization, and distribution of information within an organization to improve decision-making, problem-solving, and overall efficiency. To achieve this, companies often rely on knowledge management software to streamline the process. In 2023, there are several standout options available, each offering unique features and capabilities.

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How offsites boost employee retention and productivity

Employee Benefit News

Hosting offsites annually gives people the opportunity to forge authentic relationships, even if they're at home the other 90% of the year.

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Combatting the Effects of Inflation: Keeping Benefits Competitive While Cutting Cost

Speaker: Jaye Johnson, CBP - Employee Benefits and Total Rewards Leader, World at Work Content Author, and Speaker

After years of facing the global pandemic, we are now struggling with a new problem: inflation. No one could have predicted the impact of inflation on employee benefits and how it affects both employees and employers. Employers are now trying to maintain or lower the cost of benefits while competing for talent in a competitive and tight labor market, but the rising costs of consumer goods and healthcare make it extremely difficult to consider increasing their benefit offerings.

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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 benefits of employee engagement: Why it’s so important 

Achievers

There’s a stark difference between organizations that have good employee engagement and those that don’t. One can boast employees who are always excited about tackling the next part of the project, look for innovative ways to add value, and strive to outdo themselves on a daily basis. The other is filled with team members who are just there for the paycheck and are likely keeping an eye out for a more fulfilling position elsewhere.

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Accommodating employees with visual impairments

Business Management Daily

About 18.4% of all U.S. adults are visually impaired, according to the Centers for Disease Control and Prevention. That means they are blind or have a great deal of difficulty seeing even when wearing prescription glasses. The causes vary. Some visually impaired people have eye diseases like macular degeneration, cataracts, glaucoma, or diabetic retinopathy.

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Wellbeing, flexibility and work-life balance top most employees’ wish list in 2023

Workplace Insight

The latest Employee Wellbeing Data Report [registration] from flexible office provider Mindspace claims that around 9 in 10 employees consider wellbeing facilities and offerings are ‘critical’ when choosing a workplace, and 82 percent expect support from their employers in achieving a work-life balance. The report argues that whilst the trend of ‘quiet quitting’ may be abating and the ‘return-to-office’ mandates are increasing, the survey suggests that attitud

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HR and Employee Healthcare Reform: Keys to Increasing Employee Wellness and Retention

Speaker: Mallory Herrin, CEO & Principal HR Consultant at HerrinHR

Your employees are your most valuable resource. If you want to retain employees and keep them happy, you want to make the incentives more valuable. With a full-stack employee experience, culture, health, wellness and benefits navigation solution, you can provide employees with the wellbeing support they need. The results? Employees who are happier, healthier, and more engaged, as well as a business that is thriving both internally and externally, every day.