McDermott Will & Emery Employee Benefits

FEBRUARY 21, 2024

The post Health Policy Outlook for 2024 appeared first on EMPLOYEE BENEFITS BLOG. In this report, our McDermott+Consulting team looks at some of the most popular topics, including physician payment reforms, site-neutral policies, rural healthcare and Medicaid regulations. Access the report.

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Healthcare Consulting Employee Benefits Health and Welfare 105

McDermott Will & Emery Employee Benefits

FEBRUARY 5, 2024

What does December 31, 2024, mean to you? Post-2024 election? Our answer: December 31, 2024, is when we will go over a “telehealth cliff” if Congress fails to act before that date, directly impacting care and access for Medicare beneficiaries. New Year’s Eve? Too far away to know? What is this telehealth cliff?

Employee Benefits 105

Employee Benefits Health and Welfare 105

McDermott Will & Emery Employee Benefits

APRIL 9, 2024

If you employ part-time workers and/or engage independent contractors, sit up and take note: 2024 brings significant changes to how you must manage your workforce.

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Employee Benefits 401(k) Employment Management 105

Employee Benefits

JANUARY 3, 2024

Return to workplaces Another big area of focus for employee motivation in 2024 will be the continued pullback to the office. Stretching net pay, for example, by offering season ticket loans, or maximising opportunities to save money through salary sacrifice [arrangements], will be of significant value to employees,” says Last.

Net Pay 119

Net Pay Salary Finance Recruitment 119

Employee Benefits

DECEMBER 12, 2023

More than half (55%) of HR teams say their top priority for 2024 will be preparing their organisation for the impact of artificial intelligence (AI) and automation, according to research by digital services and payments platform Edenred. Use incentives to reinforce company values and encourage behaviour that underpins business success?”

Retail 115

Retail Employee Benefits Employment IT 115

Employee Benefits

NOVEMBER 15, 2023

With 50% of employers planning to increase spend on financial wellbeing in place of offering wage increases and cost-of-living payments, it’s never been more important to make employee benefits sustainable. Read on to discover the financial wellbeing trends we expect in 2024 and how you can embed them within your business.

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Salary Employee Benefits Government Employment 98

International Foundation of Employee Benefit Plans

OCTOBER 31, 2024

The 2024 edition of the International Foundation’s Employee Benefits Survey addresses many topics that organizations struggle with to keep benefit cost down for their employees. This includes health care plans and prescription drugs.

Employee Benefits 90

Employee Benefits 90

Employee Benefits

JULY 15, 2024

Half (49%) of UK organisations reported that their 2024 salary budgets were lower than the previous year, according to global advisory, broking and solutions firm Willis Towers Watson (WTW). Two-fifths (39%) of respondents reported having trouble attracting and retaining talent in 2024, dropping from 48% over the past two years.

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Salary Bonuses Workplace Flexibility Payroll 105

Best Money Moves

MARCH 11, 2024

The 4 best benefits in 2024, according to employees. Your benefits choices go a long way toward attracting the right employees. Here are the 4 best benefits in 2024, according to employees. To evolve your benefits strategy, you need to understand what will help your employees the most.

Retirement Plan 105

Retirement Plan Healthcare Healthcare Benefits Parental Leave 105

Employee Benefits

MARCH 6, 2024

Spring Budget 2024: The government is to cut employee national insurance contributions (NICs) by two pence, falling from 10% to 8% from 6 April. The post Spring Budget 2024: National insurance contribution (NIC) rate cut to 8% appeared first on Employee Benefits.

Insurance 111

Insurance Taxes Government Salary 111

McDermott Will & Emery Employee Benefits

APRIL 24, 2024

Access the […] The post 2024 Chart of Healthcare Regulations appeared first on EMPLOYEE BENEFITS BLOG. This chart displays health-related regulations that may be issued this year, organized by federal agency and date of potential release.

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Healthcare Employee Benefits Health and Welfare Commissions 86

Employee Benefits

NOVEMBER 21, 2023

Approximately two-fifths (42%) of employers plan to reduce flexibility or offer less of this to their employees in 2024, according to research by Barnett Waddingham. The post 42% of employers plan to reduce flexibility for staff in 2024 appeared first on Employee Benefits.

Employment 116

Employment Consulting Employee Benefits IT 116

Employee Benefits

FEBRUARY 14, 2024

The post Kerry Hudson: Change in flexible-working arrangements for 2024 appeared first on Employee Benefits. Any new agreement should be formalised in writing, such as drawing up a new contract of employment outlining the varied terms and signed by both parties.

Consulting 110

Consulting Payroll Salary Recruitment 110

Employee Benefits

AUGUST 23, 2024

Something for the weekend: Budapest, the capital city of Hungary, has been named the world’s best workcation city for 2024 in research by International Workplace Group. These workcation destinations all sound great to us at Employee Benefits. We’re packing our bags and laptops now!

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Transportation Food Government Technology 98

Employee Benefits

MARCH 20, 2024

Neurodiversity Celebration Week 2024 this year takes place on 18-24 March. The February 2024 Chartered Institute of Personnel and Development Neuroinclusion at work report revealed that while neuroinclusion was a focus for 60% of surveyed employers, it was only in the business strategy of 33%.

Employment 102

Employment Employee Benefits Management Taxes 102

Proskauer's Employee Benefits & Executive Compensa

JANUARY 16, 2024

Act of 2022 (“SECURE 2.0”), the IRS issued Notice 2024-02 , which addresses SECURE 2.0 Although Notice 2024-02 offers helpful guidance for employers and plan administrators, it does not include hotly anticipated guidance on SECURE 2.0 only employee contributions could be designated as Roth contributions.) Before SECURE 2.0,

401(k) 111

401(k) Taxes Retirement Plan Employment 111

HR Lineup

JULY 29, 2024

Ensuring employees are paid accurately and on time, while complying with various tax laws, is crucial. Here, we review the 10 best payroll software options for small businesses in 2024, detailing their features, pricing, pros, and cons to help you make an informed decision. Fortunately, payroll software can simplify this process.

Payroll Software 85

Payroll Software Payroll Software Taxes 85

Employee Benefits

JANUARY 19, 2024

The top workforce priority for employers in 2024 is improving staff retention and engagement (46%), including reviewing benefits and reward , investing in innovative technologies and offering flexible working. The post 33% of UK employers plan on increasing salaries and bonuses in 2024 appeared first on Employee Benefits.

Bonuses 105

Bonuses Salary Employment Recruitment 105

Best Money Moves

JUNE 25, 2024

Financial stress in 2024: Revealing insights about Americans and Money. Financial stress is still a major struggle for employees across all industries. Here are the top statistics updated for 2024. Household debt coming into 2024 soared to $17.3 trillion, with a notable 16.6% increase between 2022 and 2023 alone. [

Banking 102

Banking Finance Voluntary Benefits Utilities 102

Employee Benefits

OCTOBER 3, 2023

Chancellor of the Exchequer Jeremy Hunt has announced that the national living wage will increase to at least £11 per hour from April 2024. The increase will mean that the annual earnings of a full-time employee aged 23 and above will increase by more than £1,000 next year.

Commissions 105

Commissions Food Government Employee Benefits 105

WEX Inc.

MAY 17, 2023

Key takeaways - 2024 HSA contribution limits 2024 HSA contribution limits will increase to $4,150 and $8,300 for self-only and family HSAs, respectively. 2024 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. Health savings account (HSA) contribution limits are on the rise again in 2024.

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Health Savings Account Deductible Deductions Taxes 98

Best Money Moves

SEPTEMBER 6, 2023

What are the deadlines for Open Enrollment 2024? Learn about key deadlines and special enrollment opportunities for the 2024 Open Enrollment Period. Open Enrollment 2024 is right around the corner, providing your workforce with an important opportunity to choose a health insurance plan for the upcoming year.

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Health Insurance Insurance Healthcare Employee Benefits 98

HR Lineup

OCTOBER 17, 2024

Here are the top 10 compensation courses and certifications you should consider in 2024 to bolster your expertise and career. Both certifications include comprehensive modules on compensation and benefits management , making them ideal for HR professionals seeking a broader understanding of total rewards.

Executive Compensation 76

Executive Compensation Retirement Plan Government Human Resources 76

CorpStrat

JANUARY 9, 2024

As you and your team enter 2024, Employee Benefits may no longer be top of mind. However, this is the perfect time to make sure your employees are made aware of the ins and outs of their benefits plans. Here are some of our top strategies to help you communicate your employee benefit plans effectively: 1.

Employee Benefits 98

Employee Benefits Utilities Benefit Providers Payroll 98

Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 3, 2023

On November 1st, the IRS released a number of inflation adjustments for 2024, including to certain limits for qualified retirement plans. As expected, this year’s adjustments are more modest than last year’s significant increases. The table below provides an overview of the key adjustments for qualified retirement plans.

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Retirement Plan Employee Compensation Taxes 401(k) 101

Employee Benefit News

SEPTEMBER 16, 2024

Employee Benefit News is recognizing 39 companies for their outstanding work in HR with this inaugural list.

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Employee Benefits Management 109

HR Digest

AUGUST 3, 2023

The survey also revealed that 22% of companies intended to cut the amount dedicated to salary increases in 2024, a significant jump from the previous year. The Crystal Ball Prediction: Average Salary Increases in 2024 So, what can workers expect in terms of salary increases in 2024? A ray of hope for workers, right?

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Paid Leave Salary Benefits Package Human Resources 98

HR Lineup

OCTOBER 13, 2024

In this article, we will explore the Top 10 Global HR Services Providers in 2024, focusing on the services they offer, their market reputation, and how they stand out in the competitive HR landscape. 10 Best Global HR Services for 2024 1. The post Top 10 Global HR Services Providers 2024 appeared first on HR Lineup.

Consulting 80

Consulting Payroll Payroll Service Recruitment 80

HR Lineup

MAY 10, 2024

Employee turnover continues to pose significant challenges for businesses in 2024, particularly amidst evolving workplace dynamics and shifting employee expectations. The post Top Strategies to Reduce Employee Turnover in 2024 appeared first on HR Lineup.

Benefits Package 84

Benefits Package Flexible Spending Account Employee Retention Flexible Spending 84

HR Lineup

AUGUST 6, 2024

In 2024, managing the employee lifecycle efficiently is paramount for organizations aiming to attract, develop, and retain top talent. From recruitment to retirement, ELM software covers various HR processes, ensuring a seamless and efficient experience for both employees and HR professionals.

Software 90

Software Management Payroll Recruitment 90

Employee Benefits

DECEMBER 19, 2023

Jonathan Watts-Lay, Director, WEALTH at work, comments; “Now is a great time for employees to review their financial situation and take action to make sure they are in control of their finances in 2024.” Supporting employees to build their financial resilience and improve their financial wellbeing is of utmost importance right now.” [1]

Finance 104

Finance Banking Pension Insurance 104

Sodexo Engage

NOVEMBER 28, 2024

Budget-Busting Employee Benefits Strategy Guide corin.chapman Thu, 11/28/2024 - 16:41 Your Budget-Busting Employee Benefits Strategy Using benefits to make savings and fund business growth. Enhance your employee value proposition and retain talent without creating additional financial pressures.

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Employee Benefits Salary 64

HR Lineup

MAY 28, 2024

As we step into 2024, the landscape of employee benefits and perks is continuously evolving. These programs go beyond the traditional healthcare and retirement plans, incorporating elements that cater to employees’ holistic well-being. What are Employee Perks?

Health and Welfare 76

Health and Welfare Retirement Plan Health Insurance Parental Leave 76

McDermott Will & Emery Employee Benefits

MARCH 28, 2024

On January 11, 2024, the US Department of Health and Human Services (HHS) published its new final rule governing federal healthcare conscience protection statutes.

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Healthcare Government Employee Benefits Health and Welfare 105

Employee Benefit News

DECEMBER 17, 2024

EBN looks at some of our biggest healthcare stories of 2024 and the insights they provided employers.

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Healthcare Employment Employee Benefits 73

McDermott Will & Emery Employee Benefits

MAY 1, 2024

On March 13, 2024, Indiana enacted Senate Bill No. 9, which establishes that the Office of the Indiana Attorney General must receive prior written notice of certain transactions involving Indiana healthcare entities.

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Healthcare Employee Benefits Health and Welfare IT 105