April, 2024

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The 800-Pound Gorilla

Florida Workers' Comp

Sometimes we struggle with challenges we don’t perhaps fully understand. At times, forces conspire against us, consciously or not. Life is a journey filled with uncertainty, misconceptions, and mysteries. But frequently, the problem is all too clear, an 800-pound gorilla in the room. The world of work faces a systemic dilemma in the midst of the third decade of the 21st century.

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Highlights of Recent Webinars: First Quarter 2024

Money Talk

Every quarter, I like to review and summarize my notes from webinars I attended during the last three months. Below are some interesting tidbits from recent programs that I attended: Future Self Thinking - Many people often think of their “future self” (who they will be decades in the future) as a stranger. As a result, they don’t think about the consequences of doing something now because their actions are affecting another person rather than themselves personally.

401(k) 188
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Amplifying rewards and recognition impact through HRIS integrations

Achievers

Integrating Human Resource Information Systems (HRIS) with rewards and recognition platforms presents transformative potential for organizations, positively impacting culture and employee experience. Research firm Everest Group guest bloggers Lokesh Goyal and Varun Madan offer benefits and insights for successful implementation As organizations navigate the constant evolution of workplace dynamics, the significance of HR technology has become increasingly apparent.

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State Agency Directories Updated, Available in Resource Library

PayrollOrg

PayrollOrg (PAYO) provides state agency directories on its website to help payroll professionals find the contact information they need to get their questions answered. The information has been updated for 2024.

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The Ultimate Performance Review Checklist

Performance reviews are a proactive way to engage with your employees, provide clear communication about expectations, and acknowledge them for their hard work. But getting the right framework and creating consistency across your organization can be tricky. We put together this checklist to help you evaluate your current performance review process and equip managers with the right tools to perform individual assessments.

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We can have a dramatic impact on people’s lives with simple, small and cost-free changes

Workplace Insight

London, the crouching monster, like every other monster has to breathe, and breathe it does in its own obscure, malignant way. Its vital oxygen is composed of suburban working men and women of all kinds, who every morning are sucked up through an infinitely complicated respiratory apparatus of trains and termini into the mighty congested lungs, held there for a number of hours, and then, in the evening, exhaled violently through the same channels.

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How to strike a balance between managing staff wellbeing and financial pressures

Employee Benefits

Credit: Andrey_Popov/Shutterstock Need to know: The cost-of-living crisis is forcing more employees to take on additional work due to financial pressures, raising concerns around burnout. Pay strategies such as targeted pay increases, performance-related bonuses and earned wage access can help. Employers need to ensure there is a culture where people can discuss financial concerns.

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Individual Retirement Accounts: What You Need to Know

Money Talk

The 2023 income tax filing deadline is only days away (April 15, 2024 in most of the U.S.). It will be a busy weekend for many taxpayers and tax preparers who are filing tax returns or tax filing extensions. One of the few things that taxpayers can do to reduce their income taxes after a calendar year ends is to make a tax-deductible contribution to a traditional individual retirement account (IRA) or a SEP-IRA (for small business owners and/or their employees).

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The least and most expensive states for individual health insurance

PeopleKeep

Having a health insurance plan is an excellent way to ensure you have access to the care you need to stay happy and healthy long-term. However, depending on where you live, your health insurance—particularly an individual policy—may be more expensive than expected. Knowing how location factors into your health plan costs can help you shop for a budget-friendly policy that will meet your medical needs.

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IRS Data Affirms Payroll’s Vital Role in Nation’s Tax System

PayrollOrg

On April 18, the IRS released its 2023 Internal Revenue Service Data Book, which provides statistics that underscore the importance of payroll professionals to the integrity of the American tax system.

Taxes 104
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Want To Enhance Your Total Rewards To Achieve Organizational Success? Start Here.

Are you looking for ways to enhance your employee value proposition? Gallagher Better Works SM Insights has got you covered! Dive into the latest magazine issue and discover how flexibility, equity, recognition and strategically applied resources can improve your total rewards package. Download the PDF to learn more about: Building retirement benefits for a global and mobile workforce Promoting employee and organizational growth through succession planning Empowering women in leadership through

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European and Asian cities dominate latest smart city rankings

Workplace Insight

Zurich tops the 2024 Smart City Index , with European and Asian cities dominating the rankings. The report, released by the IMD World Competitiveness Center’s Smart City Observatory and the World Smart Sustainable Cities Organization (WeGO), analyses data and resident surveys from 142 cities globally. Seven of the top 10 smartest cities hail from Europe.

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Regulate your use of noncompete agreements before the government does it for you

Business Management Daily

Boston Beer Co., the brewer of Sam Adams and other craft beverages, is taking heat for its overuse of noncompete agreements. In a recent article, the Boston Globe cites examples of several former lower-level Boston Beer employees forced out of the industry they love because of the noncompete agreements their former employer forced them to sign at their time of hire.

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Specsavers promotes workplace menopause support through networks

Employee Benefits

Eye care and audiology organisation Specsavers uses its employee network groups and policies to promote menopause support in the workplace. It has more than 2,500 optical, audiology and ophthalmology businesses in 11 countries and more than 23,000 UK employees. The organisation has multiple employee network groups, including its MenoTalk group which is predominantly aimed at providing support and guidance for staff in its support office functions, retail stores, or marketing and development site

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Forensic Accounting: Barbservations and Recommendations

Money Talk

For most financial bloggers, their “best” posts reflect real life experiences with learning lessons for themselves and their readers. So it is with this post that describes recent steps taken to help settle my late brother’s estate. I write from the perspective of a next-of-kin relative. Forensic accounting is defined by Investopedia as “a combination of accounting and investigative techniques.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Inpatient vs. outpatient care - What's the difference?

PeopleKeep

To navigate the healthcare industry successfully and secure the proper medical treatment, it’s important to know common terminology such as inpatient and outpatient. Knowing the difference between these terms will help you understand where to receive care and what to expect. Understanding these two types of care and how much each will cost can also give you an advantage when choosing a health plan and estimating out-of-pocket medical expenses.

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National Employee Benefits Day Is April 2—How You Can Celebrate

International Foundation of Employee Benefit Plans

National Employee Benefits Day is April 2. For 2024 the focus is on how workplaces can create community to combat loneliness and foster belonging. Get resources in today's blog. The post National Employee Benefits Day Is April 2—How You Can Celebrate appeared first on Word on Benefits.

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Virtual meetings can boost wellbeing and performance

Workplace Insight

Virtual meetings – often derided as impersonal and prone to technical glitches – can improve employee wellbeing and performance, a new study led by a Trinity Business School researcher has found. The research, conducted alongside Karin S. Moser (UniDistance Suisse, University of Queensland), Stefan Diestel (University of Wuppertal) and Isaac Alshaikh (South East Technological University Waterford), conducted during the ongoing shift to hybrid work environments and just published in the Journal o

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Social Anxiety: How to Ask for Help When People Stress You Out

BetterUp

Jump to section What is social anxiety disorder? Diagnosing social anxiety disorder What triggers social anxiety? How can social anxiety affect your life? What’s the treatment for social anxiety disorder?

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An HR Leaders Guide: 7 Questions To Ask When Developing Your Cancer Strategy

As HR and Benefits leaders are in the midst of evaluating cancer care solutions and designing their requirements for vendors, it’s key to know what questions to ask to ensure the development of a truly comprehensive strategy: from prevention to diagnosis to treatment to survivorship. Getting to the right answers starts with asking the right questions: How can better access improve engagement?

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XPO Logistics enhances maternity benefits

Employee Benefits

XPO Logistics, a provider of sustainable end-to-end logistics solutions across Europe, has enhanced its maternity benefits for soon-to-be and new parents based in the UK. After two years’ service, employees will be entitled to the first six weeks of maternity leave paid at 90% of their weekly average earnings, with the following 20 weeks paid at 80% of their basic pay and allowances, including statutory maternity pay.

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This Earth Day, recycle 401(k) savings to avoid IRA landfill

Employee Benefit News

Amid cash-outs, stranded plans and suboptimal investments, a SECURE 2.0 provision runs the risk of expanding asset waste in the proverbial 401(k) landfill.

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Can you put non-family members on your health insurance?

PeopleKeep

In most cases, health insurance plans cover the policyholder and their immediate family members. However, some individuals may be able to add non-family members to their plan if they meet some very specific criteria. If you're curious about adding non-family members to your health plan, you need to understand the potential implications, limitations, and requirements for dependent coverage.

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McKinsey’s 9 Months Pay Leave Offer Extends Support for Finding a New Job

HR Digest

Having to leave an organization you enjoy working for is never a great feeling but being on the receiving end of McKinsey’s 9-month pay leave offer does help to soften the blow. Marking a tough time in the consulting industry, McKinsey’s staff exit offer details how employees can continue to look for alternate sources of employment while still being able to support themselves and use the company’s resources to transition in their careers.

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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.

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A just in time lesson about office design

Workplace Insight

The nascent years of new ways of working in the late 80s and early 90s coincided with a widely held but soon to be discarded belief that the Japanese had cracked management practices. So it was perhaps inevitable that the principles of a process called just in time manufacturing – most famously applied in the factories of Toyota – should migrate to new forms of office design and the rapidly developing practice of flexible working.

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Payroll Forecasting: Strategies for Predicting Employee Expenses

Patriot Software

Payroll is arguably a business’s biggest expense. Between taxes and benefits, an employee costs up to 32% more than their wages. To accurately budget for your payroll-related expenses, try payroll forecasting. Payroll forecasting is an essential part of financial planning that requires you to analyze and understand your company’s payroll data.

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57% say enhanced parental and adoption leave and pay is most valued by workforces

Employee Benefits

Employee Benefits poll: More than half (57%) of organisations revealed that enhanced maternity, paternity and adoption leave and pay is the most valued family-friendly benefit by their workforces, according to a survey of Employee Benefits readers. One-third (33%) of respondents said that their workforces most value flexible working as a family-friendly benefit, with 6% answering emergency childcare and 4% saying workplace nursery scheme.

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What abortion bans in Arizona and Florida mean for employers and families

Employee Benefit News

Experts from MomsRising and DoSomething.org break down what the latest abortion bans mean for businesses and the nation.

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Bridging the Gap: The Intersection of DEI Initiatives and Employee Benefits

Speaker: Jaye Johnson, CBP

Unlock the secrets to transforming your organization’s employee benefits into a strategic tool for Diversity, Equity, and Inclusion (DEI). During this informative session, we will discuss common pitfalls in traditional benefits and then delve into the essence of DEI in employee-centric benefit offerings. This involves not only defining DEI in the workplace but also understanding the pivotal role that employee benefits play in fostering a diverse and inclusive environment.