HR Digest

SEPTEMBER 18, 2023

Signed into law in 2022 by New York Governor Kathy Hochul, New York’s pay transparency law in 2023 is all set to go. Effective from 17 September this year, the pay transparency law will now enforce regulations that ensure employers who want to advertise a job posting are clear about what salaries applicants could expect for the position.

Salary 86

Salary Commissions Retirement Plan Overtime 86

Money Talk

FEBRUARY 23, 2023

salary/wages, interest income, short-term capital gains, and RMDs (withdrawals) from tax-deferred retirement plans) in 2022 and 2023 are 10%, 12%, 22%, 24%, 32%, 35%, and 37%. This post describes the different federal tax rates that apply to taxpayers.

Taxes 188

Taxes Retirement Plan Finance Commissions 188

Employee Benefits

APRIL 10, 2023

Retirement planning Freedom of access to pension savings has impacted retirement strategies. That will shape the behaviours of employers and employees, both of whom will have to adapt their working practices, balancing the desire for greater flexibility in work with responsible retirement planning.”

Retirement Plan 64

Retirement Plan Pension Taxes Education 64

Money Talk

JUNE 13, 2024

With the 2023 tax filing deadline in the rear view mirror, now is a good time to look ahead to 2024 taxes that you will owe in April 2025. This post extends that discussion with a description of seven key steps to take to plan for your 2024 tax return due in 2025. 401(k) plan).

Taxes 125

Taxes 401(k) Retirement Plan Health Savings Account 125

Best Money Moves

JULY 30, 2024

In fact, according to MetLife’s 2024 Employee Benefit Trends Study, 93 percent of employees consider workplace wellbeing as important as salary. A 2023 Transamerica Institute report found that 77% of employees want a financial wellness program, but only 28% of employers provide it. And employees have taken notice.

Benefits Package 59

Benefits Package Retirement Plan Education Utilities 59

Insperity

OCTOBER 10, 2023

To do this, the law makes broad changes to the foundation of retirement preparation in the U.S.: employer-sponsored 401(k) plans. All company retirement plans started in 2023 and thereafter must have an automatic enrollment and escalation provision – also known as “ you’re in unless you’re out.” The SECURE 2.0

401(k) 116

401(k) Retirement Plan Taxes Benefits Package 116

InterWest Insurance Services

NOVEMBER 25, 2022

The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts. Retirement plan maximums. The takeaway.

401(k) 98

401(k) Deductions Deductible Flexible Spending Account 98

Best Money Moves

MARCH 11, 2024

Mercer’s 2023 Health and Benefits Strategies report shows that many employees are looking for benefits packages that include parental leave, adoption leave and elder caregiver leave. A retirement plan allows employees to build a financial safety net as they work, saving money over their careers.

Retirement Plan 105

Retirement Plan Healthcare Healthcare Benefits Parental Leave 105

Vantage Circle

JANUARY 16, 2023

As an HR professional, starting the new year by finding, curating, and planning for the upcoming events in the coming months is a not-so-fun start. The Comprehensive 2023 HR Calendar That Needs To Be Pinned Up. New Year's Day: January 1, 2023, Sunday. World Day of Peace: January 1, 2023, Sunday. National Hobby Month.

Family and Medical Leave Act 98

Family and Medical Leave Act Bonuses Education 401(k) 98

Money Talk

NOVEMBER 10, 2022

Roth IRAs are a popular investment for retirement savings. salary, bonuses, or self-employment) under phaseout limits that are adjusted annually for inflation. A Roth IRA is a personal retirement account that lets people benefit from tax-free interest growth, providing they meet certain conditions.

Taxes 188

Taxes Banking Finance Bonuses 188

Vantage Circle

NOVEMBER 30, 2022

Not just salary. Retirement planning services. In addition to the employee's salary and bonuses, an employer may pay it directly or indirectly. The profit you share will depend on the employee's salary package and also the overall revenue generated by the company. Paid Time Off (PTO). Commuter benefits.

Profit Sharing Plan 105

Profit Sharing Plan PTO Bonuses Paid Leave 105

Insperity

SEPTEMBER 21, 2023

59% of employees feel their salary has not maintained pace with the rising cost of living. You also don’t want to have to continually replace people who leave for a better salary – it’s costly and time consuming to recruit and train new employees. But increased salaries may not always be feasible.

401(k) 108

401(k) IT Benefits Package Finance 108

HR Digest

MARCH 28, 2023

Having a retirement plan is an important aspect of financial planning. One popular way to get your retirement plan sorted in the United States is through a 401(k) plan. A 401(k) plan is a type of retirement account offered by employers to their employees. How does 401(k) work?

401(k) 64

401(k) roth 401(k) Retirement Plan IT 64

Employee Benefits

AUGUST 9, 2023

The rising cost of living is creating more financial stress for female employees than their male counterparts, according to July 2023 research from financial wellbeing platform Mintago, with 48% of females and 31% of males saying they are either very or somewhat stressed.

Pension 98

Pension Retirement Plan Education Retail 98

HR Digest

NOVEMBER 20, 2023

A Forbes Advisor summary of recruitment stats indicated that 46 percent of HR leaders reported recruiting as one of their top priorities for 2023. Competitive salaries are a no-brainer when it comes to establishing a strategy on how to recruit top talent. but benefits can be stacked up in other ways as well.

Recruitment 110

Recruitment IT 401(k) Health and Welfare 110

PeopleStrategy

DECEMBER 12, 2023

IRS 2024 Retirement Plan Limits No matter how happy your employees are with your company, the majority likely dream of one day retiring. You and others in your HR department can help them prepare for retirement by sharing changed retirement plan limits for the coming year. per hour $9,464.96 per hour Jan.

401(k) 52

401(k) Overtime Health Savings Account Retirement Plan 52

Empuls

JUNE 21, 2024

  A thoughtfully crafted retirement plan can positively impact employee morale.      Increase the productivity of employees nearing retirement.    A handsomely distributed retirement plan increases job satisfaction. Let's quantify the significance of retirement rewards. 

401(k) 40

401(k) Retirement Plan Pension roth 401(k) 40

Business Management Daily

APRIL 1, 2022

all-new 401(k) plans would be required to auto-enroll employees; employees would need to opt-out to get their full salary. Church plans. Government plans. This provision would become effective for plan years beginning after Dec. Employers have a duty to find missing plan participants. Under SECURE 2.0,

401(k) 59

401(k) Deductions Deductible Taxes 59

Best Money Moves

JUNE 5, 2024

Ninety-six percent of employers feel somewhat or extremely responsible for their employees’ financial wellness, according to Bank of America’s 2023 Workplace Benefits Report. In today’s job market, a high salary isn’t enough to attract and keep top talent. Here are three ways employers can see the ROI of these programs.

Healthcare 52

Healthcare Retirement Plan Banking Human Resources 52

Best Money Moves

AUGUST 23, 2023

This is an ability that can be honed for minimum-wage and high-salaried employees alike. According to PWC’s 2023 employee financial wellness survey, even amongst employees making over $100,000 a year, 47% are stressed about their finances. We have robust benefits options for employers, regardless of their benefits budget.

Finance 52

Finance Retirement Plan Salary Education 52

Employee Benefits

NOVEMBER 2, 2023

Research[1] by WEALTH at work found that 83% of employees are concerned that the cost of-living crisis will mean they will have to work longer before retiring and 33% think they won’t ever be able to afford to retire at all. 1] The research was carried out by Opinion Matters between 13/4/23 and 17/04/23.

Pension 52

Pension Education Retirement Plan Salary 52

Employee Benefits

DECEMBER 20, 2023

The current economic environment is causing disruption to the retirement plans of many. It is important that those retiring in 2024 understand their options, make informed decisions, and avoid making mistakes with their hard-earned savings. Pension Wise offer free appointments to talk about someone’s pension options.

Pension 52

Pension Taxes Retirement Plan Education 52

Higginbotham

MAY 3, 2024

In a November 2023 Gallup poll , only 32 percent of US employees described themselves as engaged based on this definition. The company aims to offer industry-leading salaries, profit-sharing and performance-based incentives to keep employees invested in the success of the company.

Retirement Plan 52

Retirement Plan Retail Parental Leave Recruitment 52

Higginbotham

NOVEMBER 2, 2023

Developing an Employee Financial Wellness Program Employees typically look for competitive compensation, but a good salary alone isn’t necessarily enough to ease financial difficulties. According to a 2023 survey from the Lending Club, 60 percent of Americans are living paycheck to paycheck. The average balance is $37,718.

401(k) 52

401(k) Disability Insurance Benefits Package Insurance 52

Empuls

APRIL 28, 2023

While salary and wages are important, they are only one part of the equation when it comes to attracting and retaining talented employees. Employee benefits are non-wage compensation provided by employers to their employees in addition to their regular salary or wages. What are employee benefits?

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Parental Leave Benefits Package 40

Bayzat

SEPTEMBER 26, 2023

Last Updated on September 26, 2023 by Farhan Choosing the right solution can impact your organization when it comes to HR software. Bayzat streamlines the entire payroll process, from calculating salaries and deductions to generating payslips and facilitating direct deposits. Bayzat presents some intriguing alternatives.

Payroll 52

Payroll Deductible Deductions Software 52

Empuls

MAY 7, 2023

Employee benefits are a set of incentives, perks, and privileges an employer provides to their employees in addition to their regular salaries and wages. Employee benefits statistics to support why they are so important in 2023 Employee benefits are important for several reasons: They can help companies attract and retain top talent.

Employee Benefits 40

Employee Benefits Parental Leave Health Insurance Benefit Providers 40

Qandle

AUGUST 11, 2023

Compensation and Benefits: – Devising competitive salary structures and comprehensive compensation packages. – Managing employee benefits, including health coverage, retirement plans, and leave policies. . – Cultivating opportunities for career growth and professional advancement.

Human Resources 52

Human Resources Construction Recruitment Technology 52

Empuls

APRIL 26, 2023

However, according to the report of BLS , the overall turnover rate for the retail industry was 60% (updated to February 2023). Businesses may need to spend additional money on advertising or recruitment agencies to find suitable candidates, and they may need to offer higher salaries or benefits to attract applicants.

Retail 40

Retail Health Insurance Benefits Package Recruitment 40

Vantage Circle

MARCH 25, 2025

A solid benefits package has comprehensive health insurance, paid time off (PTO), retirement plans, and wellness support. Retirement Plans (401(k) & Pensions) A robust 401(k) match or pension plan is a powerful signal that a company views its employees as long-term partners, not disposable resources.

Employee Benefits 85

Employee Benefits Family and Medical Leave Act 401(k) PTO 85

Vantage Circle

SEPTEMBER 23, 2023

In 2023, employee benefits are important for businesses. Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” These benefits are given to employees over their salaries and wages. Disability Insurance The employer pays the worker's salary if the worker becomes disabled or cannot work.

Family and Medical Leave Act 59

Family and Medical Leave Act Employee Benefits 401(k) Employment 59

Employee Benefits

JANUARY 25, 2023

Two years paid at half salary at time of acceptance. Health cash plan and surgery choices plan: employer paid for all non-leadership team employees, and those who receive PMI due to their Tupe status. Life insurance for all employees with a death-in-service benefit of four-times salary. 26 weeks deferred period.

Pension 105

Pension Bonuses Retail Voluntary Benefits 105

Business Management Daily

APRIL 25, 2023

Finding and retaining top talent is more complex than ever in 2023, and as LinkedIn’s most recent Workplace Learning Report discovered – 93% of companies have growing concerns over employee retention. Accordingly, you should highlight both the salary and benefits you’ll provide for the position in the job description.

Salary 105

Salary Benefits Package Recruitment PTO 105

Griffin Benefits

APRIL 25, 2022

Here’s a look at how 401(k) plans may soon change as part of the SECURE 2.0 would require employers to automatically enroll eligible workers into their 401(k) or 403(b) at a 3% (of salary) rate of savings. It’s widely anticipated that changes resulting from the passing of this bill will go into effect in 2023. Finally, SECURE 2.0

401(k) 97

401(k) Retirement Plan Employment Taxes 97

Vantage Circle

MAY 18, 2023

Employees now want more than just salaries from their employers. Retirement Plans: Retirement savings are viewed as the most essential benefit by 77% of working Americans. Retirement schemes aim to facilitate the process of employees accumulating funds for their future years after they exit from active work.

Family and Medical Leave Act 105

Family and Medical Leave Act Life Insurance Health Insurance Retirement Plan 105

Benefits Notes

DECEMBER 28, 2022

Congress made several changes to retirement plans as part of the Consolidated Appropriations Act of 2023 , which recently passed both the House and Senate. The final bill contains several provisions affecting retirement plans under Division T of the bill titled “Secure 2.0 Act of 2022.”

401(k) 52

401(k) Retirement Plan Taxes Salary 52

Vantage Circle

NOVEMBER 23, 2023

These incentives span a wide array, from health benefits and retirement plans to flexible work arrangements, financial bonuses, and professional development opportunities. Paid parental leave, support for fertility-related expenses, and assistance with adoption or surrogacy costs are also part of the benefitws plan.

Family and Medical Leave Act 64

Family and Medical Leave Act 401(k) Retirement Plan roth 401(k) 64