June, 2024

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Five Ways for Women to Take Charge of their Financial Futures

Money Talk

I recently attended a webinar about women’s finances presented by the FINRA Investor Education Foundation in cooperation with the New York Public Library. The webinar began with a justification for focusing on financial planning for women. Among the statistics that were presented from various studies are the following: ¨ 37% of women have high financial knowledge (vs. 57% of men) ¨ 59% of women feel anxious about their finances (vs. 52% of men) ¨ 48% of women (vs. 40% of men) find it very or som

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Idaho Withholding Tables Updated for 2024

PayrollOrg

The Idaho State Tax Commission has updated the withholding tables for 2024, due to a law change that lowered personal income tax rates. The revised withholding tables should be used going forward.

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10 Public Speaking Tips for Your Next Business Presentation

HR Bartender

Estimated reading time: 6 minutes I’ve been seeing a few questions lately on social media about how to learn public speaking. Many people are suggesting Toastmasters, which is great. For those who aren’t interested in joining Toastmasters, I wanted to also add a few thoughts. I feel very fortunate that I learned about public speaking early in my professional career.

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Memorializing

Florida Workers' Comp

What do we remember? The recent long weekend marked the beginning of summer. So many see Memorial Day in that limited context. I, for one, see it as the end of Respite Season and the beginning of the long and monotonous hurricane watch that is our tropical Florida reality. I once complained to an audience that there should be a holiday to commemorate the end of hurricane season.

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Using an HSA to Save for Health Care in Retirement

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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UK gender pay gap falls by 0.4% over past year

Employee Benefits

The mean gender pay gap has fallen by 0.4% in the past year, from 12.2% in 2022/23 to 11.8% in 2023/24, according to research by PricewaterhouseCoopers (PWC). The professional services firm found that among UK employers that disclose their hourly gender pay gaps, the median hourly pay gap has decreased from 9.2% in 2022/23 to 9.1% in 2023/24. Since 2017, the mean gender pay gap has fallen by 1.6% from 13.4%.

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The 10 Best Employee Survey Tools for 2024

Vantage Circle

It's a daunting task for HR teams to keep employees pumped up and engaged these days. One powerful way to check their pulse is through Employee surveys. However with many employee survey tools out there, choosing the right one feels overwhelming. A top-notch employee survey tool needs to tick some big boxes. We're talking of simple interfaces for sharing honest feedback.

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Free Electronic Payments eBook Updated for 2024

PayrollOrg

PayrollOrg’s 2024 edition of Guide to Successful Electronic Payments, sponsored by rapid!, provides payroll professionals with the information needed to successfully implement or improve the electronic pay process at their companies.

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Workplace AI usage is rocketing, but are people using it for the right things?

Workplace Insight

The latest Workforce Index from Slack claims there has been a significant rise in AI usage in UK workplaces. Since September 2023, there’s been a 66 percent increase, with an additional 18 percent jump since the beginning of 2024. This trend reflects growing enthusiasm among employees about the technology, with 44 percent of office workers saying they are ‘enthusiastic ‘about using workplace AI in their daily tasks.

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What are the HRA attestation requirements?

PeopleKeep

The qualified small employer health reimbursement arrangement (QSHERA) and the individual coverage HRA (ICHRA) are personalized health benefits that allow employers to reimburse their employees tax-free for their health insurance premiums and other out-of-pocket medical expenses. Employees must have a qualifying form of individual health insurance to participate in an ICHRA, but they can have any coverage that meets minimum essential coverage (MEC) to participate in a QSEHRA.

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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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Responsibility and Professionalism

Florida Workers' Comp

Increasingly, parties to workers' compensation proceedings are not taking their responsibility for documentation seriously. The mediation process has been a part of workers' compensation in Florida since 1989. It was a "soft-open" and certainly started slowly. Acceptance was anything but unanimous and rapid. But, by 1991, it was known and growing. In 1994, it became mandatory.

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How to Write a Job Application Email (Examples & Templates)

BetterUp

Jump to section First things first: Collect your candidate information How to write a job application email in 6 steps 5 email templates for job applications Your email’s first impression

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Gamification in Employee Recognition: How it helps?

Vantage Circle

Gamification in employee recognition has emerged as a revolutionary approach in enhancing employee engagement and performance. This approach makes mundane workdays into an enjoyable and motivating experience. As employees earn rewards and climb leaderboards, they experience a sense of accomplishment and belonging, which in turn boosts morale and productivity.

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AI Report on Payroll Processing Issued by PayrollOrg

PayrollOrg

PayrollOrg’s Government Relations Task Force (GRTF) seeks to better understand the impact of artificial intelligence (AI) on payroll in the context of government interest with their report, "Artificial Intelligence in Payroll Operations." Read how the report defines AI and its impact on payroll and payroll professionals.

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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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London office market sees sharp decline in leasing activity

Workplace Insight

The London office leasing market kicked off 2024 with a significant downturn, according to a new report from Devono. After a strong end to 2023, leasing activity plummeted by 45 percent in the first quarter, with only 2.3 million sq ft of space leased. This falls short of the 5-year average for Q1 and marks the lowest total since late 2022. The report attributes the decline to a combination of economic factors, including a recent recession and rising inflation.

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How does the QSEHRA work with Medicare?

PeopleKeep

As of March 2023, Medicare covers more than 65 million Americans, according to the >Centers for Medicare & Medicaid Services 1. If you're enrolled in Medicare or have several employees on Medicare, you may be wondering if it works with the qualified small employer health reimbursement arrangement (QSEHRA). In this article, we'll clarify how the QSEHRA works for employees who have Medicare in any form.

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Obesity Death

Florida Workers' Comp

There are famous people in this world and they attract attention, for better or worse. The events in their lives can serve as ready examples because the press will spread the word of their achievements and failures. They draw attention, for whatever reason. A 47-year-old singer passed away recently. The headline caught my eye because she died of obesity.

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4 ways to fend off cybersecurity threats

Employee Benefit News

These tips from cybersecurity expert Brian Vecci can help keep personal and professional information safe.

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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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What to Know Before the Overtime Final Rule Takes Effect July 1

International Foundation of Employee Benefit Plans

After much anticipation, on April 23, 2024, the U.S. Department of Labor (DOL) released its overtime final rule, updating the salary threshold for overtime exemptions for executive, administrative and professional (EAP) employees and highly compensated employees (HCEs). The rule is slated to […] The post What to Know Before the Overtime Final Rule Takes Effect July 1 appeared first on Word on Benefits.

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Compliance TV: Social Security Trustees Project $174,900 Wage Base for 2025; IRS Announces HSA Limits for 2025; and more

PayrollOrg

In this June 2024 edition of Compliance TV: Social Security Trustees project $174,900 wage base for 2025; IRS announces HSA limits for 2025; and more.

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Missed Call Mania—Understanding Gen Z’s Telephonophobia

HR Digest

The New York Post recently turned the spotlight on Gen Z’s “telephonophobia” and while we’re inclined to agree with the generation’s dislike of phone calls, we still need to explore it further. Gen Z’s fear of talking on the phone is nothing new and carries on the Millennial preference for text messages over calls. There is a general consensus that if it can be said by text or email, then there’s no reason to have a meeting or a phone call.

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Small group vs. large group health insurance

PeopleKeep

Traditional group health insurance is a type of health insurance plan employers offer their employees and their families at a discounted premium rate. Because of its familiarity and tax benefits, group health insurance is a sought-after employee benefit. It can help employers attract and retain talented workers. There are two sizes of group health insurance: small and large.

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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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Two thirds of working parents considering quitting because of childcare costs

Workplace Insight

More than two-thirds (70 percent) of working parents in the UK have quit or are considering quitting their job due to lack of affordable childcare options, according to a new poll from Remote. The research explores the financial and mental impact return to office mandates and a lack of flexible hours has on parents, as well as outlining the consequences of what the report calls the ‘Working Parents Crisis’ on the UK’s workforce shortages.

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How employers can rectify the LGBTQ pay gap

Employee Benefit News

According to the Human Rights Campaign, LGBTQ+ employees make 90 cents for every dollar a cisgender, heterosexual employee makes.

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How to Make Your Work-From-Home Policy More Effective?

HR Lineup

In the wake of the global pandemic, work-from-home (WFH) policies have become a staple for many organizations. As remote work shifts from a temporary solution to a permanent fixture, it is crucial for companies to refine and enhance their WFH policies to ensure productivity, employee satisfaction, and overall organizational effectiveness. Here’s a comprehensive guide on how to make your work-from-home policy more effective. 1.

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South Carolina Passes New EWA Law

PayrollOrg

South Carolina is the latest state to pass earned wage access (EWA) legislation. Learn more about the requirements taking effect this fall.

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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.