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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DOL Finalizes Salary Threshold for ‘White Collar’ Exemption

PayrollOrg

On April 23, the U.S. Department of Labor (DOL) announced a final rule to increase the minimum salary level for the Fair Labor Standards Act “white collar” exemptions.

Salary 104
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Build Trust at Work: UKG HR and Payroll eSymposium

HR Bartender

(Editor’s Note: Today’s article is brought to you by our friends at UKG , a leading provider of HR, payroll, workforce management, and culture cloud solutions. Newsweek named UKG for the second consecutive year to their Greatest Workplaces for Women. Congrats to them and enjoy the article!) I belong to a couple of online human resources groups. I’m sure you do too.

Payroll 103
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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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Michelin guarantees global living wage and enhances parental and healthcare benefits

Employee Benefits

Credit: ricochet64 / Shutterstock.com Tyre manufacturing organisation Michelin is to guarantee a living wage for its more than 100,000 global employees, as well as enhancing parental and healthcare benefits. As part of its deployment of a living wage worldwide, to guarantee employees a salary equivalent to at least the living wage, Michelin received the global living wage employer certification from the Fair Wage Network.

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Why mental health coverage should include sensory deprivation therapy

Employee Benefit News

Dr. Chris Pagnani, medical director of Rittenhouse Psychiatric Associates, breaks down the benefits of reduced environmental stimulation therapy.

Medical 114
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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).

401(k) 177
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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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5 Effective Tools to Enhance Employee Engagement and Retention

HR Digest

Employee retention is crucial for the success of any organization and the tools you use to enhance employee engagement are just as important. Engaged employees are more productive, loyal, and motivated, leading to improved business outcomes. In today’s competitive job market, businesses need to invest in the best employee engagement tools to attract, engage, and retain top talent.

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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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40% of women say lack of health support negatively impacts careers

Employee Benefits

Two-fifths (40%) of women believe their professional career development has been negatively impacted due to a lack of women’s health support in the workplace, according to new research. Healthcare provider Benenden Health surveyed 5,000 female employees and 1,000 business owners for its latest report. When asked how their health challenges had negatively impacted their careers, respondents cited missing important meetings, experiencing negative comments about their work, and being overlooked for

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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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How to stay calm at work

Business Management Daily

Sophia goes over her notes one last time before heading to bed. She wants the presentation tomorrow to go well, and she knows falling back on what she rehearsed will help ease her nerves when the pressure is on. Before sleeping, she sets her alarm for a bit earlier than usual in order to have some extra time to ease into the next morning. Sophia and her coworkers do a good job of explaining the new marketing campaign to their client.

PTO 98
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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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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.

401(k) 111
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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.

Medical 105
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51% of employees want their employer to invest more in sustainability

Employee Benefits

Half (51%) of employees want to see their employer invest more in sustainability, rising to 61% among younger workers aged 18-34, according to research by employee benefits technology provider Zest. Its survey of 2,000 employees and 500 HR decision makers also found that more than half (53%) of respondents would like to see their employer investing in more sustainable benefits such as electric vehicles and sustainable pensions , rising to 66% among 18–34 year olds.

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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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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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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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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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Blue Cross Blue Shield launches AI tool to help people navigate their healthcare plans

Employee Benefit News

Fifty-three percent of employees don't think they're getting the most out of their options because they lack understanding of their plans.

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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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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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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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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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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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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.