Boeing's Seattle workers walk out in first strike since 2008
Employee Benefit News
SEPTEMBER 13, 2024
Discontent has come to a head as negotiations fail to meet employees' needs
Pay awards hit highest level since 2008
Employee Benefits
FEBRUARY 18, 2022
The benchmarking and compliance specialist analysed 101 salary settlements that became effective in the three months to the end of January this year, covering more than 170,000 employees. It found the sharpest rate of increase in pay since December 2008 and a significant jump from a median award of 2% in the rolling quarter to December 2021.
Banking 
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Understanding Group Medicare for an Aging Workforce: Key Considerations for HR Leaders
More Than a Benefit: Group Medicare and the Psychology of Retirement
Trending Sources
The Multiemployer Retirement Plan Landscape: DB Takeaways
International Foundation of Employee Benefit Plans
JUNE 24, 2024
According to recent data from Horizon Actuarial Services, LLC and the International Foundation of Employee Benefit Plans, the fifteen-year period between 2006 and 2020 was turbulent for multiemployer defined benefit (DB) pension plans.
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PlanSource
HR Lineup
MAY 10, 2023
PlanSource is an online platform that offers comprehensive benefits administration solutions to employers and employees. The company was founded in 2008, and since then, it has grown to become one of the leading providers of employee benefits services in the US.
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4.4 million employees are covered by corporate health insurance
Employee Benefits
NOVEMBER 2, 2023
The number of employees benefitting from health insurance increased by 8% from four million in 2021 to 4.4 million in 2022, the highest number since 2008. million employees are covered by corporate health insurance appeared first on Employee Benefits. million in 2022. The post 4.4
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Average pay growth high but failing to keep pace with inflation
Employee Benefits
FEBRUARY 14, 2023
Steve Leach, regional managing director, UK and Ireland at AMS, said: “What the UK’s firms can’t afford now is a repeat of the talent investment withdrawal we saw both at the beginning of the pandemic, and in the 2008 financial crash.
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Benefits in a Multi-generational Workplace
InterWest Insurance Services
MARCH 14, 2024
With multiple generations working side-by-side in this economy, the needs of your staff in terms of employee benefits will vary greatly depending on their age. Additionally, this generation arguably suffered more than any other during the financial crisis that hit in 2008.
Lovewell’s logic: Will the removal of the bankers bonus cap drive change in remuneration structures?
Employee Benefits
OCTOBER 27, 2023
The cap, which was introduced in 2014, was intended to curb excessive risk taking in the financial services industry following the financial crash of 2008. The cap limited how much variable pay employees of banks, building societies and investment firms could receive to twice their basic salary. appeared first on Employee Benefits.
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Should substance abuse insurance be part of your employee benefits?
Higginbotham
DECEMBER 26, 2022
Additionally, CMS says the Mental Health Parity and Addiction Equity Act of 2008 prohibits group health plans and health insurance providers from imposing limitations on mental health or substance use disorder benefits that are less favorable than the limits on medical or surgical benefits. Learn more.
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Junior doctors in Wales strike over pay
Employee Benefits
JANUARY 15, 2024
A total of 98% of junior doctors who took part in a ballot for industrial action last year voted to strike as part of a campaign to restore their pay, which they stated has been eroded by almost a third since 2008/9. We aren’t asking for a pay rise, we are asking for our pay to be restored in line with inflation back to 2008 levels.
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Gig Economy: A Cost-Cutting Measure or Adding Value to the Workforce?
HR Digest
FEBRUARY 25, 2020
One in three employers of 100,000 employees or more said they expected to use 30% or more contingent workers by 2020. Gig economy picked up pace after the recession of 2008 and 2009 when many people were laid off work and who had to be resourceful to find employment. Hiring has slowed down considerably post 2008.
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Daemon’s reward approach supports its remote-first working model
Employee Benefits
OCTOBER 30, 2023
Employee Benefits · Employee Benefits/Daemon podcast Listen: In this episode of the Employee Benefits podcast, Jenny Locke, head of people at Daemon, discusses the reward strategy at the technology consultant, and how the organisation provides an enticing employee experience to retain key talent.
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Specialists, associate specialists and specialty doctors accept pay offer
Employee Benefits
JUNE 19, 2024
Those employed under the closed 2008 contracts will also benefit from a consolidated £1,400 increase , which will be applied along with the 6% already awarded in response to the Review Body on Doctors’ and Dentists’ Remuneration’s recommendations for 2023/24. and 9.22% of their current pay , which is equivalent to a 10.4%
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Clear Marketing completes employee ownership sale
Employee Benefits
DECEMBER 15, 2021
Smith said he and the directors knew that handing the business to another agency or investor would not be in the interest of its 20 employees and long-standing clients following a strategic review carried out back in 2008. The post Clear Marketing completes employee ownership sale appeared first on Employee Benefits.
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How to support employees with neurodiverse conditions
Employee Benefits
DECEMBER 11, 2023
As ADHD has only been diagnosed in UK adults since 2008, it is likely that many employees have been struggling with chronic challenges for years without understanding why, says Maskell. Offering a range of flexible options and frequently communicating these is vital to retaining all valuable employees.
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Tribunal finds Oxford University professors should have had employee status
Employee Benefits
MARCH 4, 2024
An employment tribunal has found that two creative writing professors who were employed as gig workers by Oxford University should have had employee status. Alice Jolly and Rebecca Abrams worked at the university since 2008 and 2007 respectively, and both taught the Master of Studies degree in Creative Writing.
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Chesterfield Council staff strike over pay
Employee Benefits
AUGUST 29, 2023
The workers estimated that piece work rates are 70% below market value and have not been increased since 2008. The post Chesterfield Council staff strike over pay appeared first on Employee Benefits.
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Tom Moyes: Encouraging conversations with employees around mental health
Employee Benefits
JANUARY 18, 2022
At any one time, one-sixth of the working age population of Great Britain experiences symptoms associated with mental ill health , and this causes around 40% of all days lost through sickness absence, according to the Mental health and work report published in 2008 by the Royal College of Psychiatrists.
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Bain and Company and Nvidia named best places to work in the US for 2024
Employee Benefits
JANUARY 15, 2024
The annual Glassdoor list is based on reviews and feedback from employees on their jobs, work environment and workplace attributes, such as compensation, culture and values, senior management, and work-life balance. Employees mentioned the firm’s unique culture and investment in its workforce in their Glassdoor reviews.
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NHS junior doctors in England strike over pay
Employee Benefits
MARCH 13, 2023
The post NHS junior doctors in England strike over pay appeared first on Employee Benefits. A total of 98.06% of junior doctors who participated in the ballot voted to strike, with around 36,218 British Medical Association (BMA) members set to not attend any shifts starting after 6.59am today until 7am on 16 March.
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Middle Kingdom: Musings on Chinese HR, technology and the country
Ahmed's Universe
JULY 22, 2016
Actually, many other aspects of China's labor laws seem to be directly inspired from France's: such as the 1-2% of a company's payroll which must be set aside for the worker union to spend on employee benefits. He is also the man behind the highly acclaimed opening and closing ceremonies at Beijing's 2008 Olympics.
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Podcast: Superdrug offers a comprehensive benefits package to meet staff wellbeing needs
Employee Benefits
MARCH 27, 2024
In the episode of the Employee Benefits podcast, Amy Davies, people director, explains how feedback from staff members and employee networks is vital to shaping the reward strategy. Primary business objectives that impact on benefits Employee engagement and retention.
Adrian Crawford: Bankers’ bonuses uncapped
Employee Benefits
NOVEMBER 1, 2023
First introduced by the European Union in 2014 in response to the 2008 financial crisis, the cap limited bonuses to twice employees’ basic salary. Adrian Crawford is employment partner at Kingsley Napley The post Adrian Crawford: Bankers’ bonuses uncapped appeared first on Employee Benefits.
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Proposed MHPAEA Regulations Flowchart: Understanding the New Framework for Non-Quantitative Treatment Limitations
Proskauer's Employee Benefits & Executive Compensa
AUGUST 15, 2023
In late July, the Departments of Labor, Treasury, and Health and Human Services released proposed regulations implementing the Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA).
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Employers to Offer Record Pay Rises in 2023
HR Digest
JULY 19, 2022
While most companies give a 3% raise on employee salaries , they are putting aside budgets to give a raise of 4.1%, a record high since the Great Recession of 2008. Some employees have also taken advantage of the situation to switch jobs for better pay and benefits, which has resulted in some companies losing out on top talent.
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What New Leave, Stimulus Legislation Mean for HR and Employee Communications
Flimp Communications
APRIL 3, 2020
These create new issues for employee benefits management and employee communications in general. Those involved in employee benefits can largely ignore the first law. Stimulating Unemployment Benefits. For those who recall the 2008 bailout bill, the Federal Reserve walked away from the $1 trillion price tag.
How HR Managers Affect the Loyalty of Millennials at Work
Flimp Communications
NOVEMBER 25, 2019
Many were earning their college degrees in 2008 and 2009 when the recession first struck. Long recruiting processes and cut-throat competition were the norm for any job promising decent wages and perks like employee benefits. Those born between 1985 and 1990 certainly remember the struggle of finding a job.
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How to support single parent employees in the workplace?
Employee Benefits
MARCH 9, 2022
More future parents are choosing to undergo this journey by themselves – HFEA data showed an increase in IVF use by single parents from 41% in 2008 to 57% in 2018. How can you support employees choosing the single parent route ? The post How to support single parent employees in the workplace?
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5 Scenarios That Prove Wrongful Termination
HR Digest
OCTOBER 31, 2018
However, the employee needs to prove reasonable evidence that the dismissal was as a result of illegal discrimination. A Genetic Information Nondiscrimination Act (GINA) was passed by Congress in 2008. This act, as well as other employment laws, protect employees’ genes in the workplace. Dismissed based on medical records.
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Best HR Software Providers: Standard-setters in performance tracking to 401(K) management
HR Digest
JANUARY 11, 2021
The platform also offers employee benefits options such as health insurance through Gusto’s licensed advisors, 401(k) retirement, workers’ compensation, 529 savings, HSA, life and disability, commuter benefits, and more. Founded 2008. The platform automatically calculates and debits local, state, and federal taxes.
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PeopleStrategy Partners with FinFit to Bring Financial Wellness to Small and Mid-Sized Employers
PeopleStrategy
JULY 17, 2020
Providing our clients with access to a comprehensive platform like FinFit’s will enable them to meet their employees’ needs for valuable financial tools and resources.” ” About FinFit Founded in 2008, FinFit has grown to be the nation’s largest holistic financial wellness benefit platform.
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Six Notable HR and Benefits Trends for 2023
Griffin Benefits
JANUARY 20, 2023
Keep in mind that these are the most significant increases since 2008. According to a Willis Towers Watson report, companies are budgeting an overall average increase of 4.1% for 2023, compared with the average actual 4% increase in 2022. Raises are also in the spotlight as many workers change jobs or careers.
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The PEO Industry in 2020 & Beyond: What The Next Decade Holds
Genesis HR Solutions
AUGUST 19, 2020
Between 2008 and 2017, the number of worksite employees employed in the PEO industry grew at a compounded annual rate of 8.3%, from about 1.8 From 2008 to 2017, the number of worksite employees employed by PEOs grew at an annual rate of 8.3%. In the 1980s and 1990s, PEOs as we know them today emerged. million to 3.7
[Podcast]: Special Financial Assistance for Multiemployer Pension Plans (Part 1)
Proskauer's Employee Benefits & Executive Compensa
AUGUST 3, 2021
ROBERT PROJANSKY : Hello and welcome to the Proskauer Benefits Brief: Legal Insights on Employee Benefits and Executive Compensation. So large that the PBGC, the government agency that insures benefits up to certain maximum amounts, was itself projected to become insolvent. Listen to the podcast. . I’m Rob Projansky.
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Do You Need a Human Resource Outsourcer or a Professional Employer Organization?
Insperity
AUGUST 10, 2011
Clients outsource their human resources to the professional employer organization and maintain control of their companies, while the human resource outsourcer provides basic human resources services such as employee benefits, payroll administration and workers’ compensation.
Which Type of HR Outsourcing Company is Right for You?
Insperity
FEBRUARY 3, 2011
Clients outsource their human resources to the PEO and maintain control of their companies, while the PEO provides human resources services such as employee benefits, payroll administration and workers’ compensation. NAPEO estimates the PEO industry increased $5 billion in 2008, claiming $68 billion in gross revenues.
Final Mental Health Parity Regulations Released, with Plan Sponsor Action Required by 2025
Proskauer's Employee Benefits & Executive Compensa
SEPTEMBER 17, 2024
Last week, the Departments of Labor, Treasury, and Health and Human Services finalized regulations implementing the Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA).
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Today’s Top Compensation Trends
CorpStrat
JANUARY 27, 2023
Keep in mind that these are the most significant increases since 2008. Forty-six percent of respondents said the top reason pay budgets are increasing next year is based on employee expectations for higher pay. According to Willis Towers Watson’s July report, companies are budgeting an overall average increase of 4.1%
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Proposed Mental Health Parity Regulations Arrive: Key Changes for Plan Sponsors
Proskauer's Employee Benefits & Executive Compensa
JULY 28, 2023
On Tuesday, the Departments of Labor, Treasury, and Health and Human Services issued proposed amendments to regulations implementing the Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA) and new regulations implementing the non-quantitative treatment limitation (NQTL) comparative analysis requirements under MHPAEA.
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Third Circuit Affirms Finding that Withdrawal Liability Assessment Was Untimely
Proskauer's Employee Benefits & Executive Compensa
NOVEMBER 19, 2024
The Fund did not learn of these operations until 2011 because, between 2008 and 2010, the Fund was implementing a new computer system that resulted in a backlog of hundreds of employers the Fund needed to investigate.
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HR Trends to Monitor in 2023
PeopleStrategy
NOVEMBER 14, 2022
Upskilling is when employers give employees opportunities to learn new skills that will improve their work performance and prepare them for future roles in the company. Not only does upskilling employees benefit the workers themselves, but it also improves the company as a whole.
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BambooHR Review & Deep Dive
Bayzat
SEPTEMBER 26, 2023
It was established in 2008. BambooHR’s ongoing mission is to empower HR professionals, employees, and organizations globally. Benefits Administration Manage employee benefits seamlessly with BambooHR. Employees can access their benefit information conveniently, fostering satisfaction and retention.
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The rise of gig workers: Adapting HR strategies for the contingent workforce
Higginbotham
NOVEMBER 15, 2023
By aligning with contingent workforce trends, companies can add the impact of experienced professional talent without the commitment in benefits, office space or long-term obligation that would accompany a full-time hire.
BambooHR vs. ADP Workforce Now: Which service fits your needs?
Business Management Daily
OCTOBER 3, 2023
They’ve been around since 2008 when founders Ben Peterson and Ryan Sanders unleashed it onto the HR software scene. ADP Workforce Now to discover the perfect HR software solution for your organization’s needs. What’s BambooHR? BambooHR is a human resources software-as-a-service (SaaS) company headquartered in Lindon, Utah.
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