Employee Benefit News

FEBRUARY 1, 2024

Workers are seeing a gap between job market projections and the reality of finding a good, stable position.

Employment 94

Employment Recruitment 94

Best Money Moves

MARCH 26, 2024

5 key insights about the gig economy in 2024. Here are 4 key takeaways and trends from the gig economy in 2024. The term “gig economy” refers to the collection of workers who receive income from short-term contracts, side hustles and freelancing. Gig workers now comprise a significant and ever-growing portion of the U.S.

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Pension Health Insurance Banking Utilities 102

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. As many as 49% are optimistic that they will receive a salary increase in 2024, and 70% of employers plan to increase salary offers in 2024 for certain in-demand roles.

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Benefits Package Salary Pension Health Insurance 118

Best Money Moves

MARCH 11, 2024

The 4 best benefits in 2024, according to employees. Here are the 4 best benefits in 2024, according to employees. In fact, according to Forbes Advisor , 40% of employers believe that workers would leave their current jobs to find employment that offers better benefits.

Retirement Plan 105

Retirement Plan Healthcare Healthcare Benefits Parental Leave 105

Employee Benefits

FEBRUARY 14, 2024

Workers with 26 weeks of employment can ask for flexibility on how, where and when they work. Where employers previously did not need to consult with workers before giving their decision, they will now be expected to, and to provide their response within two months instead of three. of the new employee’s salary.

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Consulting Payroll Salary Recruitment 110

Best Money Moves

JUNE 25, 2024

Financial stress in 2024: Revealing insights about Americans and Money. Here are the top statistics updated for 2024. Household debt coming into 2024 soared to $17.3 In this way, the rise in employee financial stress poses a significant challenge for employers, as it undermines employee well-being and organizational success.

Banking 102

Banking Finance Voluntary Benefits Utilities 102

HR Digest

FEBRUARY 18, 2024

We’ve seen multiple reports regarding the HR trends of 2024 and there is concern across the board regarding job security and whether specific jobs will become redundant in the next few years. Image: Freepik What Are Some of the HR Trends in 2024 That Guarantee The Need For HR?

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Technology Human Resources Work From Home Management 109

Workplace Insight

FEBRUARY 28, 2024

Nearly half of enterprises (44 percent) are collecting data on the working hours of remote workers, with an additional 33 percent planning to do so in future, according to a new report from Kinly, The company’s Trusted Connections 2024 study surveyed 425 enterprise AV professionals working in the UK, Germany, Nordics, and the Netherlands.

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Work From Home Technology Recruitment Employment 106

HR Digest

JANUARY 12, 2024

As we stand at the precipice of 2024, a revolution – not an evolution – awaits. In 2024, the onus lies on employers to strategize unique and creative approaches to attract, retain, and cultivate their most valuable talent. The architects of this revolution are the bold and forward-thinking leaders in human resources.

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Human Resources Education Technology Benefits Package 109

InterWest Insurance Services

SEPTEMBER 7, 2023

The IRS has significantly reduced the group plan affordability threshold — which is used to determine if an employer’s lowest-premium health plan meets the Affordable Care Act rules — for 2024. This is happening just as group health plan premiums are expected to climb at a much faster clip in 2024 than the last three years.

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Utilities Medical Taxes Employment 98

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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Pension Take Home Pay Retail Consulting 104

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. It offers hybrid workers a lively atmosphere and nearly year-round sunshine. out of 100. These workcation destinations all sound great to us at Employee Benefits.

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Transportation Food Government Technology 98

InterWest Insurance Services

DECEMBER 20, 2023

No more non-competes Under two new laws, non-compete agreements with employees are expressly illegal starting in 2024 and if an employer requires one be signed, it could provide grounds for a lawsuit by the worker. This also applies to former employees who were hired after Dec. The rule takes effect Dec.

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Workers’ Compensation Food Insurance Employment 98

InterWest Insurance Services

DECEMBER 12, 2023

As 2024 draws near, so does a slew of new laws and regulations that will affect California businesses. The end result is another round of new legislation that employers need to stay on top of. Businesses must allow employees to use their available sick balance beginning 90 days after the start of employment.

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Paid Sick Leave Insurance Employment IT 97

Best Money Moves

DECEMBER 5, 2023

2024 Employee benefits trends: Focus on employee wellbeing. Here are the top 2024 employee benefits trends. 4 Top 2024 Employee Benefits 1. The answer is to meet employee financial strain head-on by providing a comprehensive financial wellness program in your 2024 employee benefits.

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Employee Benefits PTO Financial Counseling Work From Home 98

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.

Employment 105

Employment Commissions Government Salary 105

Vantage Circle

MAY 15, 2024

As we look ahead to 2024, organizations are getting savvier about using recognition to boost engagement, retention, and business performance. Employers are waking up to the idea that recognition is essential for creating a supportive, inspiring workplace. Getting employee recognition right is tough - there's no two ways about it.

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3Sixty Insights

MAY 2, 2024

In today’s labor market, where workers hold significant bargaining power, employers are under pressure to provide a positive employee experience. This challenge is particularly acute in industries with deskless workers, such as food & beverage, hospitality, service, specialized trades, and healthcare.

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Management Hospitality Employee Retention Food 81

InterWest Insurance Services

JULY 4, 2024

workers choosing high-deductible health plans has leveled off during the last two years, uptake has been growing rapidly among one segment of the working population: Gen Z employees. The report notes 84% of employers offer both HDHPs and traditional health plans to ensure that they can met the needs of a multi-generational workforce.

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InterWest Insurance Services

DECEMBER 15, 2023

A law that requires California employers to report cases of COVID-19 in their workplace to their workers’ compensation carrier sunsets on Jan. 1, 2024, removing a requirement that many business owners say has become more difficult to comply with in the post-pandemic era.

Workers’ Compensation 98

Workers’ Compensation Insurance Employment IT 98

HR Digest

JANUARY 31, 2024

Big Techs move in favor of big layoffs to kick off 2024 (Image – Pexels) Microsoft Layoffs Move Ahead as Tech Industry Continues to Rearrange its Workforce The Microsoft layoffs are all set to affect 8 percent of the Microsoft Gaming division in total while the rest of the organization remains unaffected so far.

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Healthcare Employment IT 98

InterWest Insurance Services

APRIL 25, 2022

California’s Workers’ Compensation Insurance Rating Bureau is recommending that benchmark workers’ compensation rates for all class codes in the state increase an average of 7.6%. The recommendation, if approved by the state insurance commissioner, would apply to all workers’ comp policies incepting on or after Sept.

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Insurance Medical Employment IT 98

HR Digest

AUGUST 3, 2023

In 2023, the labor market was a wild rollercoaster ride for both employers and employees. A ray of hope for workers, right? 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. Well, not so fast.

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Paid Leave Salary Benefits Package Human Resources 98

Employee Benefits

SEPTEMBER 20, 2024

More than half (55%) of employees said a retirement plan is more important than ever as 49% of workers aged 50 and older have already started phasing into retirement, according to research by global advisory and broking firm Willis Towers Watson (WTW).

Pension 102

Pension Retirement Plan Consulting Employment 102

McDermott Will & Emery Employee Benefits

APRIL 18, 2023

The Paid Leave for All Workers Act (PLAWA) was signed into law by Governor J.B. Pritzker on March 13, 2023, ensuring that all workers in Illinois receive 40 hours of paid time off annually for any purpose.

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Paid Leave Employment Utilities Employee Benefits 98

Workplace Insight

APRIL 7, 2024

Recent guidelines issued by the Equality and Human Rights Commission (EHRC) aim to simplify employers’ legal obligations to support workers going through menopause. A growing topic of conversation in the workplace and beyond, menopause has become increasingly recognised in employment guidance.

Employment 110

Employment Commissions Management IT 110

Workers' Compensation

DECEMBER 13, 2024

In a recent decision, the New Jersey Supreme Court clarified the scope of insurance coverage for employers facing lawsuits from injured workers. He received workers' compensation benefits from Shelbourne Spring. 2002), where the New Jersey Supreme Court established the standard for proving intentional misconduct by an employer.

Insurance 52

Insurance Workers’ Compensation Employment Manufacturing 52

Employee Benefits

AUGUST 8, 2024

More than one-third (37%) of UK workers would opt for a one-off payment to help with the cost of living , higher than the global average of 27%, according to research by Always Designing for People (ADR). The post 37% of UK workers want one-off payment to help with cost of living appeared first on Employee Benefits.

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Bonuses Transportation Salary Employee Benefits 104

InterWest Insurance Services

OCTOBER 31, 2023

Gavin Newsom has signed legislation that will increase the amount of paid sick leave days California workers are eligible for. The law, SB 616, will expand the minimum number of paid sick leave days that employers are required to provide to five days (40 hours) from the current three, or 24 hours. With an effective date of Jan.

Paid Sick Leave 94

Paid Sick Leave Payroll System Medical Human Resources 94

InterWest Insurance Services

OCTOBER 8, 2024

With 2025 just a few months away, it’s important that small employers understand their group health insurance reporting obligations under the Affordable Care Act as they changed at the start of 2024. Employers must submit their waiver request at least 45 days prior to the due date for returns by using this form.

Electronics 97

Electronics Employment Health Insurance Insurance 97

InterWest Insurance Services

JUNE 30, 2023

The IRS has increased the fines for employers that fail to provide health insurance for their workers under the ACA’s employer mandate, as well as for failing to provide coverage that is affordable or coverage that provides “minimum value.” The affordability threshold has not yet been announced for 2024.

Employment 97

Employment Health Insurance Insurance Government 97

InterWest Insurance Services

JULY 11, 2024

The Department of Labor’s new fiduciary rule, which mainly applies to 401(k) plans, will also affect employers who offer their staff health savings accounts. The new rule, which takes effect September 2024, bars employers from providing advice to their workers on how they should invest the funds in the HSA they offer.

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401(k) Health Savings Account Employment Commissions 98

Employee Benefits

JUNE 24, 2024

Three-fifths (59%) of employees ranked financial wellbeing as the area where they want the most support from their employer over the next three years, according to a new survey by Willis Towers Watson (WTW). The post 59% of staff rank financial wellbeing as most wanted support from employer appeared first on Employee Benefits.

Employment 110

Employment Finance Consulting Education 110

Florida Workers' Comp

AUGUST 18, 2024

We rapidly approach the 78th annual rendition of the Workers Compensation Institute. WCI 2024 has begun in earnest. I have been attending the Worker’s Compensation Institute since 1992, having missed only a couple of years for important other pursuits. I am fairly confident that 2024 marks my 31st conference. 209, 198 So.

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Workers’ Compensation Compensation System Entertainment Medical 80

InterWest Insurance Services

JANUARY 11, 2024

Despite group health plan inflation increasing again in 2024, a new study has found that employers continue staying the course in not shifting costs to employees who may already be overstretched by inflation and medical bills. “Employers are looking to enhance benefits, but they need to do it carefully.

Employment 97

Employment Health Savings Account Medical Insurance 97

InterWest Insurance Services

DECEMBER 10, 2024

The percentage of employers who are covering new and trendy weight-loss drugs has risen in 2024, continuing a trend of increasing coverage despite the costs, according to a new survey. And, as costs continue rising on average 5.25% in 2024, employers are taking a number of steps to manage costs. after rising 8.3%

Employment 72

Employment Pharmaceutical Medical Benefits Package 72

InterWest Insurance Services

JULY 13, 2023

Employers who were surveyed for a new report expected that group health insurance premiums would increase 5.4% this year and at a faster clip in 2024 as inflation hits medical costs. With all that in mind, the report advises that employers will have to prepare for higher premium outlays and be creative in how they try to control costs.

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Employment Out of Pocket Cost Health Insurance Health Savings Account 98