Employee Benefits

MARCH 19, 2024

Poor mental health in the workplace cost the UK economy £102 billion in 2023, according to research by Axa UK. billion from workers being less productive due to work-related mental health conditions. The post Poor mental health in the workplace cost UK economy £102 billion in 2023 appeared first on Employee Benefits.

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Healthcare Employee Benefits Employment 121

Employee Benefits

FEBRUARY 21, 2024

for 2023, down 2.3 percentage points, and the gap for multiracial workers was -6.9%, up 1.5 in 2023, down 1.2 percentage points, and the gap for multi-racial workers was -0.1%, down 1.3 The organisation’s 2023 mean ethnicity bonus gap for Asian employees was -3.7%, down 1.2 percentage points from 2022.

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Bonuses Banking Employee Benefits IT 110

Best Money Moves

FEBRUARY 10, 2023

Employee burnout in 2023: 3 key benefits to help. Help your employees fight back against burnout in 2023 with these 3 solutions. 3 Top Benefits to Help Fight Employee Burnout in 2023 Burnout is the physical or emotional exhaustion that stems from taxing work environments or difficult outside circumstances.

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Education Taxes Work From Home Finance 122

HR Digest

DECEMBER 27, 2023

Many new employment laws in 2023 have been introduced to reshape the regulations that oversee the safety of US citizens, and companies that want to avoid any complications in the future should ensure they update their regulations and policies to match them as well. According to Bloomberg Law, the FTC will vote on the rule in April 2024.

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Employment Commissions Government Salary 105

Achievers

JUNE 19, 2023

There are many drivers of employee engagement , so finding out which ones matter most to employees at your company — along with which drivers team members currently feel are particularly lacking — should be any organization’s first priority when it comes to engaging its workers.

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HR Digest

JULY 29, 2023

As we look ahead to 2023, the landscape of work is continuously evolving, shaped by technological advancements, changing workforce demographics, and a global pandemic. In this article, we will explore the top HR trends for 2023, offering valuable insights into how these trends can impact your work, workers, and workplace.

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Technology Employee Wellness Consulting Management 98

Money Talk

MARCH 22, 2023

With 2022 income tax season well underway and almost three months already passed in 2023, now is an appropriate time to review some evergreen tax planning tools and techniques. For example, for married couples, the standard deduction is $27,700 in 2023 vs. $25,900 in 2022 and for individuals $13,850 vs. $12,950. A key take-away?

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Taxes 401(k) Deductions Deductible 189

Employee Benefits

OCTOBER 4, 2023

The government has confirmed that it will ensure European Union (EU) derived protection under equal pay laws will remain in place for employees and workers. This has come under scrutiny as a result of the Retained EU Law (Revocation and Reform) Act 2023, which received Royal Assent on 29 June 2023.

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Pension Pension Benefit Government Employment 111

Employee Benefits

MAY 28, 2024

The workers at sites in West Yorkshire and Cheshire claim to be losing £500 each through the company’s plan to reduce how much it puts into their pension pot while workers pay more. Morrisons said the loss in pension contributions per worker would be more than offset by the offered pay rise.

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InterWest Insurance Services

MAY 7, 2024

The organization that helps set workers’ compensation rates in California will recommend that benchmark rates increase 0.9%, with effect from Sept. In 2023, the Rating Bureau had recommended a rate increase of 0.3% If you have questions about your workers’ compensation coverage, please call us anytime.

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Employee Benefits

OCTOBER 24, 2023

Almost six in 10 (59%) British workers feel unhappy, dissatisfied, highly dissatisfied or neutral with their benefits packages , according to new research. More than half (52%) of employers plan to hire in the next six months, with 86% finding hiring quite or very competitive in 2023.

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Benefits Package Salary Pension Health Insurance 118

Money Talk

OCTOBER 27, 2022

While taxpayers have until the tax filing deadline in April 2023 to contribute to an individual retirement account (IRA) for 2022, many people prefer to make all of their current year tax-saving moves before year-end. In addition, workers or spouses who are age 50 or older can make an additional $1,000 catch-up contribution ($7,000 total).

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Deductions Deductible Commissions Taxes 245

HR Lineup

SEPTEMBER 27, 2023

In 2023, here are the 10 best free HR software options to consider: 1. It simplifies the process of hiring and paying remote workers and freelancers worldwide. The post 10 Best Free HR Software in 2023 appeared first on HR Lineup. Homebase Homebase is a user-friendly HR software that caters to businesses with hourly employees.

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Software Global Payroll Payroll Manager Human Resources 98

Employee Benefits

OCTOBER 12, 2023

Alcohol brand Jägermeister, travel firm Virgin Atlantic and Zopa Bank have been named as some of the UK’s Top 100 Most Loved Workplaces 2023. The post Jägermeister and Virgin Atlantic among UK’s Most Loved Workplaces 2023 appeared first on Employee Benefits.

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Banking Health Salary Employee Benefits 102

HR Digest

JULY 1, 2023

The Working World had been abuzz with anticipation, as the date June 27, 2023, inched closer. This marks the day when the Pregnant Workers Fairness Act (PWFA) came into effect, signaling a significant shift in the landscape of worker’s rights. Scope: Who’s Covered? Prohibitions: What’s Not Permitted?

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Commissions Medical Human Resources Employment 122

Workplace Insight

SEPTEMBER 15, 2023

When asked about the negative effects of workplaces where wellbeing was not prioritised, 25 percent said such environments adversely affected their desire to stay at the company – half of respondents (50 percent) said they believed workers’ motivation would be most affected, followed by productivity (48 percent) and creativity (28 percent).

Health Insurance 115

Health Insurance Healthcare Insurance Employment 115

InterWest Insurance Services

AUGUST 6, 2024

A new study predicts that group health insurance costs will jump 8% in 2025, on par with what American employers have experienced this year and in 2023. Another analysis performed in early 2023 projects total savings from biosimilars to range from $125 billion to $237 billion between 2023 and 2027. billion in the United States.

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Pharmaceutical Health Insurance Medical Insurance 97

Employee Benefits

DECEMBER 14, 2022

In today’s volatile, uncertain and complex world, making predictions for the coming month is difficult enough, let alone making them for 2023. Those that laid off lots of workers and slashed benefits to survive, then struggled to attract the staff they needed as the economy recovered.

Healthcare 111

Healthcare Recruitment Employment Employee Benefits 111

Workplace Insight

SEPTEMBER 20, 2023

Two thirds of IT workers and nearly half of office workers think that generative AI may come for their jobs within five years, according to a new report from Ivanti. Additionally, 63 percent are concerned generative AI tools might take their job in the next five years compared to 44 percent of office workers.

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Technology Employee Retention Employment IT 115

InterWest Insurance Services

OCTOBER 24, 2023

When workers are stressed or required to work quickly, they are more prone to making mistakes that can injure themselves or co-workers. Fed-OSHA has also noted a correlation between worker stress and industrial injuries. Verbally abusive superiors, co-workers or customers. Encourage workers to take their breaks.

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warehousing Manufacturing Transportation Health Insurance 98

InterWest Insurance Services

AUGUST 1, 2024

According to a study by the Substance Abuse and Mental Health Services Administration, 10% of America’s workers are dependent on one substance or another. Provisional data from CDC’s National Center for Health Statistics indicate that in 2023 there were an estimated 107,543 drug overdose deaths in the U.S.,

Employment 96

Employment Work From Home Insurance Management 96

InterWest Insurance Services

NOVEMBER 30, 2023

American employers are trying to meet their workers’ mental health needs as they struggle with burnout and stress from their jobs and finances, according to a new report. The annual “ Aflac WorkForces Report ” found that more than 50% of American workers experience burnout in their workplace.

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Paid Sick Leave Employment Bonuses Medical 98

InterWest Insurance Services

NOVEMBER 2, 2023

A new study’s findings that many workers have a poor understanding of their employer-sponsored health insurance benefits, presents an opportunity for businesses to extend targeted support to staff during open enrollment. The study authors recommend a return-to-basics approach during open enrollment for these workers.

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Health Insurance Deductions Deductible Insurance 98

Employee Benefits

JANUARY 18, 2023

A pension is the employee benefit that workforces value the most, according to the results of a survey carried out by benefits consultancy Punter Southall Aspire with the Chartered Institute of Personnel and Development (CIPD) between December 2022 and January 2023. Pension communications do not have to be, and indeed should not be, dull.

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Pension Finance Technology Consulting 111

InterWest Insurance Services

DECEMBER 29, 2023

A new study has found that most employer-sponsored family health plans are increasingly unaffordable for workers due to rising costs and them footing a significant part of the premium, even with employer assistance. 5,889 at larger firms), according to KFF.

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Deductions Deductible Out of Pocket Cost Health Savings Account 98

Money Talk

APRIL 11, 2024

The 2023 income tax filing deadline is only days away (April 15, 2024 in most of the U.S.). The maximum contribution for traditional IRAs for 2023 was $6,500 for workers under age 50 and $7,500 for those age 50+. It will be a busy weekend for many taxpayers and tax preparers who are filing tax returns or tax filing extensions.

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401(k) Taxes Retirement Plan Pension 185

Employee Benefit News

JUNE 27, 2023

Online job search platform Lensa found and ranked the workplace changes workers want the most based on how much they're Googling them.

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Employee Benefits Employee Retention Management 111

Florida Workers' Comp

APRIL 14, 2024

Some believe that the distinction is somehow starker in the community of workers' compensation, but I am dubious. Some believe that part of our workers' compensation challenge is based upon a conscious decision to neither recruit nor train young professionals early in the 21st century. There will always be workers' compensation.

Workers’ Compensation 197

Workers’ Compensation Recruitment Technology Education 197

Workplace Insight

SEPTEMBER 11, 2024

The poll of 600 decision makers in the UK and Ireland, now in its second year, reveals what it claims is a ‘stark productivity and efficiency paradox’ for employers, as well as a Catch-22 for workers. The report claims that workers are wasting nearly two working days every week (12.6 A greater impact than in 2023.

Technology 122

Technology Employment IT 122

Money Talk

JANUARY 4, 2023

There was a four-decade high in core inflation that excludes food and energy and inflation eclipsed strong wage gains for many workers. A court-challenged student loan forgiveness plan is undecided as of January 2023. in January 2022, reached a year-to-year high of 9.1% in June 2022, and stood at 7.1% in November.

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Finance Banking Taxes Food 244

HR Digest

JUNE 10, 2024

In a slightly dystopian turn of events, TJ Maxx, Homegoods, and Marshalls store workers are being equipped with body cameras to discourage shoplifters from targeting the store. Thankfully, not all retail workers are required to wear body cameras. Do All Retail Workers Have to Wear Body Cameras?

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Retail Finance Technology Employment 75

Employee Benefit News

FEBRUARY 26, 2024

Using Comparably's Happiest Employees 2023 report, Flexjobs ranked which companies have the best cultures and are still hiring remote workers.

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HR Digest

JULY 15, 2024

NSEU union workers at Samsung are on an indefinite strike in Hwaseong, South Korea, uniting in their demand for better benefits. Official numbers suggest that 6,500 Samsung union workers have joined the strike, but if the full force of the labor union decides to participate, it could become hard for the SK giant to ignore.

Electronics 105

Electronics Bonuses Media IT 105

Money Talk

NOVEMBER 10, 2022

They are available to workers with earned income (i.e., In 2022, workers can contribute up to $6,000 (or the amount of earned income, whichever is less). Workers age 50+ can contribute an additional $1,000 as a “catch-up” contribution, for a total maximum deposit of $7,000. What is the Maximum That People Can Contribute?

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Taxes Banking Finance Bonuses 188

Money Talk

OCTOBER 19, 2023

Average monthly benefit in 2023: $1,827 ($21,924 per year). 401(k) and 403(b) plans) because contributions are deducted automatically from workers’ paychecks and employers may match them, in which case, it is smart to save enough to earn the maximum employer match.

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401(k) Finance Medical Deductions 213

Workplace Insight

MARCH 1, 2024

A new report from the Workforce Lab at Slack sets out to explore how office-based workers think about artificial intelligence and how they are using it in their jobs. And 1 in 3 desk workers have used automation tools in their job. Around 80 percent of those using AI say that this technology is already improving their productivity.

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Technology IT 115