Money Talk
OCTOBER 17, 2024
My husband and I recently took a big step in planning our future. We paid a $1,500 refundable deposit to get on the waiting list for a continuing care retirement community (CCRC) with a target move-in date of 2033. Why the long timeline? We are healthy, active, and not ready to leave our beautiful single family home. At the same time, we don’t want to wait until our 80s and find 200 people ahead of us.
International Foundation of Employee Benefit Plans
OCTOBER 17, 2024
Caregiving is not merely a personal responsibility; it is an essential societal function. Research has found that 73% of all employees1 have some current caregiving responsibility—whether caring for aging parents, supporting a loved one through illness or raising a child—requiring them to […] The post The New Caregiver Benefits: Precision Support Through Expanded Understanding appeared first on Word on Benefits.
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PayrollOrg
OCTOBER 10, 2024
On October 10, the Social Security Administration announced that the 2025 social security wage base will be $176,100, an increase of $7,500 from $168,600 in 2024.
Florida Workers' Comp
OCTOBER 15, 2024
There is no such hurricane Litela. That title is a satirical reference - read on. In the 1970s, comedian Gilda Radner played a variety of characters on the late-night Saturday skit show. It was a time of irreverence and satire. Perhaps her best-known caricature was Emily Litela. This editorialist was on the satirical news and prognosticated at length about her emotions, feelings, and analysis.
Speaker: Kaitlin Ruby Carroll
Fertility benefits have become a crucial component of employee well-being and retention strategies. In today’s competitive landscape, creating a fertility benefits program that aligns with both employee needs and organizational goals can be more complex than it seems. From cycle-based to flat-dollar and telehealth models, each solution offers unique advantages and challenges that directly affect employee satisfaction and financial well-being.
Employee Benefits
OCTOBER 11, 2024
Employee Benefits Live 2024: Readily-available resources such as employee groups, benefit add-ons, signposting and desk drops are all budget-friendly options to help boost benefits provision , said Sarah Webb, pension and benefits manager at Channel 4. On the second day of Employee Benefits Live 2024 in a session titled ‘Crafting cost-effective pay and reward strategies: benefits on any budget’, Webb shared examples of initiatives in place at Channel 4 and ideas about cost-effective
Employee Benefit News
OCTOBER 11, 2024
Employers can do everything from providing little moments of stress relief to stepping up during moments of significant stress to show their staff members they are valued.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
Money Talk
OCTOBER 10, 2024
Longevity risk is the possibility of living longer than expected and having adequate income/assets for an extended period of retirement. I recently attended a webinar that predicted future life expectancy will increase due to medical technology advances such as CRISPR (modifying DNA). The webinar also noted that many older adults no longer follow a linear lifeline (birth-school-work-retire-die) but, rather, a cyclical lifeline.
Florida Workers' Comp
OCTOBER 13, 2024
I was privileged in September 2024 to preside over two trials at the DOAH Trial Academy in Tallahassee. This is a phenomenal opportunity for lawyers to hone existing skills and gain new perspectives. A vast quantity of imagination was poured into the hypothetical case by organizers, and successful competition requires a commensurate level of imagination by the attorneys.
International Foundation of Employee Benefit Plans
OCTOBER 11, 2024
In light of the damage caused by Hurricane Helene and Milton, below are some tips for employers and plan sponsors for before, during and after the unfortunate event of a disaster. Not every disaster comes with a warning. Organizations can’t predict what […] The post Building Resilience: How to Prepare Your Organization for Disasters appeared first on Word on Benefits.
Employee Benefit News
OCTOBER 15, 2024
With inflation figures falling, retirees can expect a 2.5% increase in 2025. Here's how planners are guiding clients through the impact of that slight bump.
Advertiser: Paycor
Structured interview questions are a valuable tool for reducing bias in hiring. They help: Ensure all candidates are asked the same questions in the same way Level the playing field so all candidates have a fair chance of being successful Improve credibility, reliability, and validity Download the guide to get the most out of your interview questions!
HR Lineup
OCTOBER 13, 2024
Human Resource (HR) services have become a critical component of business success, particularly in a globalized economy. With the increasing complexity of workforce management, HR service providers offer a wide range of solutions to help businesses attract, retain, and manage talent effectively. From recruitment and payroll processing to compliance and performance management , these HR service providers are integral to the smooth functioning of organizations worldwide.
Qandle
OCTOBER 12, 2024
Human Resources (HR) is at the heart of every business. From recruiting new talent to managing employee data, tracking performance, and ensuring compliance, HR plays a pivotal role in maintaining smooth operations. However, as businesses grow and become more complex, manual HR processes can become cumbersome, inefficient, and prone to error. This is where an effective HRMS (Human Resource Management System) can make all the difference.
Florida Workers' Comp
OCTOBER 10, 2024
The world went crazy a few years ago. We all lived through the greatest disruption (yet) of the 21st century. A virus broke on the scene and the world of work was upended in many locales, perspectives, and worlds. Before this, we had all heard of the lucky ones who worked from home. But in SARS-CoV-2, a great many got to escape to their bat caves. While the OJCC never shuttered, never stopped, and never failed, a great many businesses and government agencies did all three.
International Foundation of Employee Benefit Plans
OCTOBER 10, 2024
Today is World Mental Health Day, a time to recognize the importance of mental health and to reaffirm commitments to improving mental health through education, awareness and advocacy. Many plan sponsors look toward mental health trends to stay informed on strategies for […] The post 2024 Mental Health Trends: Leading Change Through Preventive Action appeared first on Word on Benefits.
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Amidst rising cancer prevalence and soaring costs, new cancer technologies and innovations are emerging to support the early detection, treatment, and surveillance of cancer. Read this guide to understand how to evaluate these solutions for your employees and members – and to learn more about the current state of coverage, clinical and cost effectiveness, and impact on quality and outcomes.
Employee Benefit News
OCTOBER 15, 2024
The many shifts happening within the workplace need to be recognized and accommodated for optimal employee and business outcomes.
HR Lineup
OCTOBER 15, 2024
Hot desking has become an increasingly popular option for businesses seeking to optimize office space and create a flexible work environment. The rise of hybrid work models, remote work, and changing employee needs has made the demand for hot desk booking software skyrocket. These tools enable employees to reserve workspaces in the office when they need them, ensuring efficient use of space and smooth management.
Qandle
OCTOBER 10, 2024
Payroll is a crucial aspect of any organization, as it involves the compensation of employees for their work. However, managing payroll manually or without proper oversight can lead to errors, discrepancies, and even compliance issues. This is where a payroll audit becomes essential. Conducting a payroll audit helps businesses verify that their payroll processes are accurate, compliant, and efficient.
Workplace Insight
OCTOBER 16, 2024
A new report from the British Council for Offices (BCO) argues that if employers want their staff to ‘return to office’, they need to approach the workplace in the same way they would their customers by creating spaces that offer experiences workers actively seek out. The report, titled Towards Experience Utopia , claims to serve as a comprehensive guide for creating optimal working environments that integrate the best aspects of both remote and in-office work.
Speaker: Radhika Samant and Todd Wuestenberg
Employee recognition has often been deemed a "feel-good" initiative, tied closely to rewards. While we understand its importance, we tend to associate recognition with intangible outcomes like engagement and sentiment, rather than direct impacts on retention and high performance. In today’s workplace, the true ROI of recognition lies in its ability to regenerate tangible, business-driven results.
Employee Benefit News
OCTOBER 14, 2024
A steady erosion of employees' mental and physical health, as well as personal relationships, compromises productivity, absenteeism, presenteeism and retention.
Employee Benefits
OCTOBER 17, 2024
The pay gap between disabled and non-disabled employees is 12.7%, according to figures from the Office for National Statistics (ONS). Its Disability pay gaps in the UK: 2014 to 2023 report found that the disability pay gap has remained relatively stable since 2014. The median hourly pay for disabled employees was £13.69 compared to £15.69 for non-disabled employees, and the gap is wider for men at 15.5% compared to 9.6% for women.
PeopleKeep
OCTOBER 11, 2024
Employees that are happy and engaged at work drive better business outcomes. In fact, according to a 2020 Gallup study, highly engaged teams see a 23% increase in profitability and an 18% increase in productivity compared to teams where engagement and job satisfaction are low. Based on these insights, you would think that employee job satisfaction should be a top priority for employers.
Workplace Insight
OCTOBER 16, 2024
Strategic investment, innovative technology, and collaboration are essential for achieving sustainability and value goals in the real estate sector, according to a new report from Colliers. The report Realising ESG Performance: The Value-Driven Transformation of Europe’s Built Environment [registration] claims to provide insights into how the real estate industry can embrace sustainable buildings and comply with regulatory demands while creating long-term value.
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Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.
International Foundation of Employee Benefit Plans
OCTOBER 14, 2024
On September 9, the Canadian Association of Pension Supervisory Authorities (CAPSA) released new guidance aimed at providing an update on the design, operation and administration of capital accumulation plans (CAPs). CAPs include defined contribution pensions, Registered Retirement Savings Plans (RRSPs), Tax-Free Savings […] The post CAPSA Guidelines: A Comprehensive Overview of Pension Plans appeared first on Word on Benefits.
Employee Benefit News
OCTOBER 10, 2024
Companies should consider offering paid leave for employees who are victims of domestic violence and other serious crimes.
Employee Benefits
OCTOBER 17, 2024
An office worker who was repeatedly ignored by her boss when she greeted him has won a claim for unfair dismissal. In September 2023, Nadine Hanson, who worked for Interaction Recruitment, said hello to the organisation’s managing director Andrew Gilchrist three times in the office but he refused to reply. Gilchrist had become angry when he mistakenly thought she was late to work, without realising she had been attending a medical appointment.
Best Money Moves
OCTOBER 17, 2024
On October 16, 2024, Best Money Moves Founder & CEO Ilyce Glink accepted the Social Impact Award from Smart Business Dealmakers at their annual Chicago conference. This is her acceptance speech. Marne, thank you for that gracious introduction. And, thank you to the nominating committee for honoring Best Money Moves with a 2024 Dealmakers’ Social Impact award.
Speaker: Miriam Connaughton and Donald Knight
As organizations scale, keeping employees connected, engaged, and productive can seem like a monumental task. But what if AI could help you do all of this and more? AI has the power to help, but the key is implementing it in a way that enhances, rather than replaces, human connection. Join us for an exploration into how industry trailblazers are using AI to transform employee experience at scale while addressing both the potential and the pitfalls.
WEX Inc.
OCTOBER 17, 2024
You’ve experienced the potential of virtual cards to create a more efficient payment process and transform your accounts payable from a cost center to a revenue generator. But perhaps you’ve also learned that it’s not that simple when it comes to onboarding suppliers to accept your virtual cards. To unlock the full potential of virtual cards, you need to increase supplier acceptance of virtual cards.
McDermott Will & Emery Employee Benefits
OCTOBER 17, 2024
The Internal Revenue Service (IRS) introduced a supplemental claim process to assist payroll companies and third-party payers in resolving incorrect claims for the Employee Retention Credit. This process allows third-party payers to correct or withdraw claims for taxpayers who are ineligible for the credit.
Employee Benefit News
OCTOBER 10, 2024
Knowing what matters to employees, along with the right benefits, go a long way in encouraging moms and dads to stay.
Employee Benefits
OCTOBER 17, 2024
Two-thirds (67%) of women reported that menopause symptoms have had a negative impact on their work, according to research by reproductive health benefits provider Fertifa. Its Future of workplace wellbeing report found that two-fifths (39%) of respondents reported a negative impact on their performance at work, which included an impact on productivity, focus and concentration.
Advertiser: Paycor
HR leaders drowning in paperwork struggle to meet C-suite's strategic expectations. Burnout and high turnover plague the field, with 95% feeling overwhelmed. This guide explores how the right tools can free HR from admin tasks and empower them to become the strategic leaders they’re meant to be.
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