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5 Must-Have Benefits for Millennial Employees

Best Money Moves

Anton, Chairman of AICPA’s National CPA Financial Literacy Commission. Paid Time Off was a benefits priority for 45 percent of millennials. “The job market, and therefore the employee benefits market, is constantly evolving. These days, finding the perfect job is about a lot more than money,” says Gregory J.

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Ovo Energy launches flexible bank holidays

Employee Benefits

This followed research commissioned by Ovo, which found that 72% of UK employees would like to have flexible bank holidays, with the late May bank holiday on 29 May the one people most want to swap. It also aimed to create an inclusive environment and enable staff from different faiths and backgrounds to practise their beliefs.

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Employee benefits for Caregivers in workplaces

HR Digest

It’s critical that organizations reinforce and frequently review recommendations from the Equal Employment Opportunity Commission (EEOC) to ensure compliance with nondiscrimination guidelines. Others might provide assistance in applying for Family Medical Leave Act (FMLA ) time off. .

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Want to offer support for caregivers of aging relatives? Read this

Insperity

State laws: As of 2020 , a handful of states have mandated paid family leave, and many other states are considering bills that would provide employees with paid leave. The Equal Employment Opportunity Commission offers a guide on best practices for managing workers with caregiving responsibilities.

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Deloitte equalises paid parental leave

Employee Benefits

Paternity leave was previously four weeks at full pay. Deloitte is also introducing up to 12 weeks of additional paid leave for parents whose child requires neonatal care. It is also increasing support for carers who can now take five days of paid leave per year, as well as giving employees paid time off for fertility treatment.

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How professional employer organization (PEO) pricing works

Insperity

Being an employer comes with many HR-related costs beyond the cash compensation you pay to your employees, such as: Payroll taxes (FICA, FUTA, Social Security, Medicare) Worker’s compensation insurance coverage Statutory insurance and paid leave programs (e.g., For some companies, that can be a significant drawback.

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Single Touch Payroll Phase 2: What to expect

Ascender

Other payments will likely be separately reported as well, to include a more detailed data reporting: Country Income, Salary Sacrifice, Bonuses and Commissions, Overtime, Directors’ Fees, Paid Leave (including Leave Payment Type and OTE status), and Deductions (including Type, Amount and Variation Reason).

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