Employee Benefits

NOVEMBER 28, 2022

Almost half (47%) of businesses said they planned to provide staff with year-end bonuses for Christmas 2022, according to research by Just Eat for Business. The Corporate Christmas Rewards Study surveyed 200 decision-makers at UK organisations, and found that 81% planned to host a party to mark the festive season and reward employees.

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Bonuses Employment Employee Benefits IT 105

McDermott Will & Emery Employee Benefits

MARCH 21, 2023

In this report, McDermott’s Digital Health team takes a close look at the forces shaping the sector […] The post Digital Health: 2022 Year in Review appeared first on EMPLOYEE BENEFITS BLOG.

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Employee Benefits

JANUARY 10, 2023

The average usage figure for employee assistance programmes (EAPs) among UK employers in 2022 reached 12%, compared with 11.4% last year, according to the Employee Assistance Professionals Association (EAPA). Figures from between October 2021 and October 2022 showed that for every £1.00 in 2020 and £7.27

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Employment Employee Benefits Management 98

Insperity

OCTOBER 10, 2023

In December 2022, the U.S. In requiring employers to take actions that can improve their employees’ financial wellness, the SECURE 2.0 Act of 2022 says The implications of this law’s passage for your business How small and midsize businesses and their employees can both benefit Overview of the SECURE 2.0

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Employee Benefits

JANUARY 5, 2023

In truth, there are multiple lists highlighting the top employers of 2022. We’ve found the common strategies shared by the businesses being named and will talk you through the steps they’re taking to boost employee engagement and performance. The list is out!

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HR Professionals Magazine

AUGUST 1, 2023

At least 20% of employees aged 65 and older may be unaware they can continue working, but elect Medicare as their primary insurance. LANDSCAPE & IMPACT In 2022, FEDlogic commissioned the actuarial firm Perr & Knight to complete an exhaustive independent analysis of self-funded group healthcare plans and trends in high-cost claims.

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Employee Benefits Healthcare Consulting Health Insurance 98

Money Talk

APRIL 6, 2023

At the 2022 Retirement Summit sponsored by the Employee Benefit Research Institute (EBRI), there were four main topics: improving individuals’ access to retirement savings plans, reducing plan leakage (i.e.,

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Employee Benefit News

DECEMBER 13, 2022

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Employee Benefits Healthcare 122

Employee Benefit News

DECEMBER 14, 2022

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Employee Benefits

MAY 9, 2024

million employees who accessed healthcare services through health or protection insurance in 2022, 1.3 million mental health counselling and therapy appointments in 2022. The post 75% used workplace schemes to access healthcare services through insurance appeared first on Employee Benefits.

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Employee Benefits

FEBRUARY 21, 2024

percentage points from 2022. percentage points from 2022. percentage points from 2022. percentage points from 2022. of male employees received a bonus that year. Barclays’ mean ethnicity pay gap for Asian employees was -2.8%, down 3.3 percentage points from 2022, its gap for Black staff was 22.7%, up 3.1

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Bonuses Banking Employee Benefits IT 110

Employee Benefits

AUGUST 12, 2024

Pay growth expectations were found to be at their lowest level since 2022, according to new research by the Chartered Institute of Personnel and Development (CIPD). The post Pay growth expectations at lowest level since 2022 appeared first on Employee Benefits.

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Take Home Pay Government Recruitment Employment 59

McDermott Will & Emery Employee Benefits

JANUARY 31, 2024

In 2016, Inland Fresh Seafood Corporation of America established an employee stock ownership plan (ESOP), a type of defined contribution employee benefit plan. Since the ESOP was founded, it has provided substantial benefits to Inland Fresh’s employee participants.

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Employee Benefits

JUNE 4, 2024

in 2022/23 to 11.8% in 2022/23 to 9.1% Its analysis highlighted that of those who disclosed their pay gaps for both 2023/24 and 2022/23, almost 60% reported that their gap had fallen compared to the previous year, but the majority of the reductions were less than 2%. in 2022/23. in 2022/23. in 2023/24. from 13.4%.

Hospitality 111

Hospitality Professional Services Consulting Technology 111

International Foundation of Employee Benefit Plans

AUGUST 15, 2024

employers project a median health care cost increase of 8% for 2025, according to International Foundation of Employee Benefit Plans survey results.

Employment 114

Employment Employee Benefits Insurance 114

McDermott Will & Emery Employee Benefits

MAY 14, 2024

On March 18, 2024, the US Department of Health and Human Services Office for Civil Rights (OCR) issued an update to its December 1, 2022, bulletin titled “Use of Online Tracking Technologies by HIPAA Covered Entities and Business Associates.”

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Technology Employee Benefits Health and Welfare Health Insurance 105

Employee Benefits

FEBRUARY 17, 2022

Promoting self-care, particularly self-care at work, should be one of your top priorities in 2022 and beyond. Here , you will find more information about the importance of self-care for employees, how this translates to business benefits, and what can you to support self-care and wellbeing at work.

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Employee Benefits 124

Employee Benefits

SEPTEMBER 19, 2024

The employees are members of the Associated Society of Locomotive Engineers and Firemen (Aslef) union. They have taken part in strike action since 2022 over pay, arguing that the previous government refused to let the train operating businesses negotiate freely and make a fair offer. for 2024 to 2025.

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Employee Benefits

MARCH 19, 2024

More than one-third (37%) said they are suffering from a mental health condition, up from 33% in 2022. Meanwhile, 72% of respondents aged 18–24-year-old said mental health-related employee benefits are important when deciding whether to stay with their current employer.

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Healthcare Employee Benefits Employment 121

McDermott Will & Emery Employee Benefits

SEPTEMBER 28, 2023

The No Surprises Act (NSA) went into effect in January 2022, and it has subsequently faced plenty of litigation from healthcare providers. The report below provides an in-depth review of NSA litigation, oversight activities, and rulemaking […] The post An Update on the No Surprises Act appeared first on EMPLOYEE BENEFITS BLOG.

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Healthcare Employee Benefits Health and Welfare IT 105

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. Meanwhile, workplace policies also saw a 15% increase in claims, with one million made in 2022 compared to 873,000 in 2021. million in 2022, the highest number since 2008. The post 4.4

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McDermott Will & Emery Employee Benefits

OCTOBER 11, 2023

In December 2022, Congress enacted groundbreaking legislation as part of the SECURE 2.0 Act codifying an opportunity for employers to provide matching contributions within a tax-qualified retirement plan based on their employees’ qualified student loan payments outside the plan. appeared first on EMPLOYEE BENEFITS BLOG.

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McDermott Will & Emery Employee Benefits

DECEMBER 22, 2022

On November 21, 2022, the US Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) released a proposed amendment and restatement of the Voluntary Fiduciary Correction Program (VFCP), along with a proposed amendment to the Prohibited Transaction Exemption (PTE) 2002-51.

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Employee Benefits

DECEMBER 16, 2021

The organisation’s Outlook 2022 report revealed that 14% of respondents already had this deal in place in an attempt to maintain current staffing levels, while 9% planned to implement it in the next 12 months. ” The post 52% of HR staff consider paying above the average rate appeared first on Employee Benefits.

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Bonuses Government Recruitment Employee Benefits 119

McDermott Will & Emery Employee Benefits

FEBRUARY 1, 2023

Act of 2022? In this webinar replay, McDermott’s Employee Benefits team discusses the many changes to retirement plans and individual retirement accounts, including the key changes for 401(k), 403(b) and defined benefit plans as well as other changes impacting […] The post Webinar Replay: What to Know About SECURE 2.0

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401(k) Retirement Plan Employee Benefits 97

International Foundation of Employee Benefit Plans

AUGUST 7, 2024

According to Employee Benefits Survey: 2024 Results, to be released the end of August 2024, 42% of U.S. organizations currently offer fertility benefits (an increase from 40% in 2022).

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Employee Benefits 96

McDermott Will & Emery Employee Benefits

JANUARY 24, 2023

Join partners from McDermott’s Employee Benefits team on Wednesday, January 25, 2023, as they discuss the impact of the recently passed SECURE 2.0 Act of 2022. Takes Second Bite at Retirement Security appeared first on EMPLOYEE BENEFITS BLOG.

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Employee Benefits

MARCH 15, 2023

Around two-fifths (39%) of employees received pay rises worth 6% or more in the three months to January 2023, according to research by Incomes Data Research (IDR). The research organisation analysed 75 pay deals implemented between 1 November 2022 and 31 January 2023, mostly at large organisations and covering more than 500,000 employees.

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Manufacturing Transportation Engineering Retail 115

Best Money Moves

JANUARY 10, 2023

Keep an eye out for these 3 major causes of financial stress among your employees. Average savings decreased by 15% in 2022, according to Northwestern Mutual’s 2022 Planning & Progress Study. Inflation remains the top cause of financial stress for many employees. 2023 is shaping up to be a tough financial year.

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Finance Utilities Salary Education 117

Employee Benefits

AUGUST 9, 2023

Short Richardson and Forth closed on 30 September 2022, before entering into voluntary liquidation on 12 January 2023. The firm informed employees that it would cease to provide legal services from 30 September 2022 on 5 September that year and proposed to make 20 members of staff redundant.

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Employee Benefits

NOVEMBER 30, 2022

The Department of Work and Pensions (DWP) has reported a mean gender pay gap for 2022 of 5.9%. percentage point from 2021, while its median gender pay gap for 2022 is 0. for 2022, while its median bonus gap increased by a 1.2 mean gender pay gap appeared first on Employee Benefits. percentage point to 14.6%

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McDermott Will & Emery Employee Benefits

FEBRUARY 23, 2023

million people nationwide selected an ACA Marketplace health plan during the 2023 open enrollment period that ran from November 1, 2022, until January 15, 2023, for most marketplaces. million people […] The post HHS Announces Record Number of ACA Marketplace Enrollments appeared first on EMPLOYEE BENEFITS BLOG.

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McDermott Will & Emery Employee Benefits

JANUARY 18, 2023

On December 1, 2022, the Pandemic Response Accountability Committee (PRAC) Health Care Subgroup issued its report on fraud, waste and abuse risks that arose as a result of the dramatic increase in telehealth services provided during the COVID-19 pandemic.

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Employee Benefits Health and Welfare IT 98

McDermott Will & Emery Employee Benefits

DECEMBER 28, 2022

On December 23, 2022, US Congress approved a year-end omnibus legislative package, Consolidated Appropriations Act, 2023 (CAA 2023), which consists of all 12 fiscal year 2023 appropriations bills and numerous other provisions, including health policy changes.

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McDermott Will & Emery Employee Benefits

JANUARY 24, 2023

In a Notice of Proposed Rulemaking published December 2, 2022 (the Proposed Rule), the United States Department of Health and Human Services (HHS) proposed long-awaited changes to the regulations protecting the confidentiality of substance use disorder patient records under Part 2 of Title 42 of the Code of Federal Regulations (42 CFR Part 2, or […] (..)

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Employee Benefits Health and Welfare Health Insurance Insurance 97

McDermott Will & Emery Employee Benefits

JANUARY 11, 2023

We recently reported on an FAQ issued December 23, 2022 (FAQ About Affordable Care Act and Consolidated Appropriations Act, 2021 Implementation Part 56) by the US Departments of Labor, Health and Human Services and the Treasury (collectively, the Departments).

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