Employee Benefits

AUGUST 19, 2024

Credit: Mistervlad/Shutterstock Need to know: The Labour government’s Employment Rights Bill will enhance employee rights but there are concerns that proposals could have unintended consequences, adding cost, disadvantaging some businesses and their employees, and affecting recruitment strategies.

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Workplace Insight

APRIL 22, 2024

This news comes amidst Prime Minister Rishi Sunak’s proposed benefit cuts for 420,000 sick and disabled individuals, aiming to push them into employment. The government needs to think again and work on a holistic system that prepares disabled candidates for work, while incentivising employers to tap into this underutilised talent pool.”

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Money Talk

JUNE 8, 2022

Young adults working in the gig economy may have income from a variety of consulting contracts or from a full-time job and “side hustles.” Arrange Tax Withholding Services - Employers withhold income taxes based on information that workers submit on Form W-4. mutual fund dividend and capital gain distributions), and tax withholding.

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McDermott Will & Emery Employee Benefits

NOVEMBER 9, 2023

Asserting that many employers have improperly claimed Employee Retention Tax Credit (ERTC) refunds, the Internal Revenue Service (IRS) released two new announcements that address ERTC claims.

Employment 105

Employment Taxes Employee Retention Consulting 105

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. Julia Turney, partner, platform and benefits at Barnett Waddingham, said: “The findings shed light on the complex situation employers are facing with flexible working.

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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.

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Workplace Insight

JULY 6, 2024

One of the Labour Party’s key pledges during the election was to initiate a large-scale reform of UK employment law within the first 100 days of taking office. Some of the proposed changes to employment law could happen quite quickly, for example, changing the remit of the Low Pay Commission in relation to the national minimum wage.

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Government Parental Leave Employment IT 104

Employee Benefits

FEBRUARY 12, 2024

More employers could introduce gender inclusive paid parental leave to prevent and try to close gender pension gaps. In addition, there are other ways for employers to support staff who have paid less in pension contributions at certain periods or throughout their careers. The Pensions (Extension of Automatic-Enrolment) (No.

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Employee Benefits

FEBRUARY 13, 2023

While employers should be looking out for early warning signs and training their workforce to spot symptoms, they might also want to consider the best way to manage productivity alongside this. Employers should look for the cause of these issues, points out Dr Anne Lepetit, medical director at Cigna Europe.

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Business Management Daily

AUGUST 13, 2024

Your employers are highly impressed with your capabilities and don’t want to lose you to a competitor. This is how employers’ trap’ top-performing employees into staying at their organizations, which is why the term ‘golden handcuffs’ is used. Picture this.

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Employee Benefits

JANUARY 17, 2024

Clarification is needed on how employers would manage the process of putting employees’ contributions into many different pension pots. Pots for life may not completely end the employer’s role in choosing a pension provider, especially if a large scheme offers favourable terms and investment strategy.

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Employee Benefits

JUNE 22, 2023

One-third (33%) of employers will offer pay awards of 5% or more in 2023, according to research by ethical reward management consultancy Paydata. Employers’ top three priorities for the year ahead include pay benchmarking (74%), employee opinion surveys (72%) and benefits benchmarking (68%).

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Achievers

JUNE 24, 2020

What employers should know is that their employee experience, particularly during difficult times, has real consequences on employee performance and business outcomes. . 100 percent more unsolicited employment applications. During your one-on-one readiness consultation, I will: Assess your company’s listening goals?

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Employee Benefits

MAY 16, 2023

Employers can help by offering flexible work arrangements, discounted leisure and dining vouchers, and signposting staff to government support. Employers that can be seen to help will benefit from more productive and motivated staff. Flexible-working arrangements are an obvious place to start.

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Employment Government Taxes Entertainment 111

Employee Benefits

OCTOBER 9, 2023

Our employees benefit from a 30-minute free consultation with an independent financial advisor, and access to free mortgage and pension advice. Dani Saadu: Could employers do more to support the mental health of staff? The post Marco Pezzani: Could employers do more to support the mental health of staff?

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Workplace Insight

OCTOBER 11, 2024

Details of the UK’s new Employment Rights Bill were released yesterday. Key elements of the bill include granting workers access to statutory sick pay and parental leave from the first day of employment, and introducing a ban on exploitative zero-hour contracts.

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Employee Benefits

MAY 8, 2023

This is set to include tailored employment support within musculoskeletal services, expanding the individual placement and support scheme, scaling up community musculoskeletal hubs and ensuring digital resources are readily available. million working days at a cost of £946 million.

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Employee Benefits

JANUARY 24, 2024

And, while most people are happy to watch the roller coaster ride from the sidelines, employers are beginning to consider crypto as part of their pay strategies. Glenn Cameron, investment consultant at actuarial and pension specialists Cartwright, believes one of the currencies, Bitcoin, will become mainstream. It is still very niche.

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Attorney Charlie Hall

AUGUST 15, 2021

The field offices verify non-medical eligibility requirements, which may include claimant’s age, marital status, employment details, citizenship status, residency information, and Social Security coverage information. During a Consultative Examination, an independent physician or psychologist conducts an examination of the claimant.

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Medical Consulting Disability Insurance Government 228

Qandle

JULY 10, 2024

Professional Employer Organizations (PEOs) have emerged as a strategic solution for managing human resources effectively. What is Professional Employer Organization (PEO)? What is Professional Employer Organization (PEO)? Looking for the Best HR Software India ? Check out the Best HR Software India.

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Professional Employer Organization Employment Benefits Package Payroll 77

McDermott Will & Emery Employee Benefits

JUNE 11, 2024

In response to recent market conditions, employers are making difficult workforce decisions, including reducing employee headcount, eliminating departments, hiring consultants or implementing hiring freezes. Being able to navigate these events can help employers mitigate risk and prepare their workforces for the path forward.

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Employee Benefits

NOVEMBER 9, 2023

Its announcement follows a consultation earlier this year that sought views on reforms to the Working Time Regulations, holiday pay, and the Transfer of Undertakings (Protection of Employment (Tupe)) Regulations. As of 1 January 2024, 1.6

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Achievers

FEBRUARY 2, 2021

The traditional concept refers to legally mandated benefits plus a few voluntarily added by employers. Employers are responding with a menu of voluntary employee benefits, driven by generational shifts and technology that is dramatically changing the workplace. . labor force with 56 million people working or looking for employment.

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Employee Benefits

DECEMBER 6, 2023

Following its call for evidence on consolidating small pension pots earlier this year, the Department for Work and Pensions (DWP) is launching a further consultation on proposals to introduce a lifetime provider model. The consultation on this and other measures closes on 24 January 2024.

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WEX Inc.

JULY 10, 2024

Did you know employers can enhance their benefits offerings by incorporating voluntary benefits? But what exactly are voluntary benefits, and how can employers design an effective plan? Voluntary benefits are additional benefits offered by employers that are typically paid for by employees. What are voluntary benefits?

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WEX Inc.

OCTOBER 30, 2024

As an employer, providing a robust employee benefits package is only half the battle. Personalized assistance: Offer phone calls or chat-based consultations to address individual questions and provide tailored guidance. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers.

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WEX Inc.

JUNE 18, 2024

According to the Bureau of Labor Statistics , employers typically pay around 80% of traditional employer-sponsored healthcare plans on behalf of employees. By focusing on early intervention and wellness initiatives , employers can address health concerns before they escalate into costly medical interventions.

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Healthcare Utilities Medical Taxes 98

Employee Benefits

SEPTEMBER 11, 2024

Only a quarter of UK employers think their defined contribution (DC) pension provision will leave their workers with a comfortable retirement, according to research by Willis Towers Watson (WTW). Furthermore, half (51%) of UK employers want to specifically address retirement adequacy in the next two years.

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HR Bartender

DECEMBER 12, 2023

In her role, Carrie works with clients to develop strategies that ensure compliance and risk mitigation when it comes to benefits and employment practices. Cherveny] AI can never replace our critical and dynamic thinking, professional judgment, and consulting acumen. Carrie, thanks for being here. Why or why not?

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Employee Benefits

DECEMBER 5, 2023

More than half (53%) of British employees would switch jobs and take the same role elsewhere for better benefits , according to research by emplyee benefits consultancy PIB Employee Benefits. Our Mind the gap survey shines a light on exactly what employers need to do to improve their value proposition and keep staff happy and healthy.”

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WEX Inc.

SEPTEMBER 26, 2024

If you’re an employer, is your in-house benefits administration team struggling to juggle the multitude of complexities behind running a successful benefits administration program? Luckily for you, we’re sharing our insights on the top four questions employers ask when considering outsourcing benefits administration. Download now!

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Employment Flexible Spending Account Flexible Spending Education 52

McDermott Will & Emery Employee Benefits

OCTOBER 18, 2023

Market volatility and other business disruptions can force employers to make difficult personnel decisions around reductions in force (RIFs). These may include reducing employee headcount, eliminating entire departments, hiring independent consultants or implementing hiring freezes to ease potential financial burden.

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Employee Benefits

SEPTEMBER 18, 2024

Employers can play a crucial role in helping them through such difficult times by providing access to group risk benefits that give them the practical support they need when it matters most. This has evolved as the NHS delays compel employers and individuals to look for alternative ways to access health and wellbeing services quickly.”

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Employee Benefits

MAY 9, 2024

Brett Hill, head of health and protection at consultancy Broadstone, added: “Employers are playing an increasingly important role in the health of the nation at a time when economic inactivity because of chronic illness is surging.

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Workplace Insight

DECEMBER 17, 2023

A new survey from Acas claims that over two-thirds of employees (70 percent) are not aware of new flexible working rights that mean they will have a right to request flexible working from their employer from day one of their job next year. A new change in the law will make this a right that applies from the first day of employment.

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WEX Inc.

JULY 30, 2024

But employees remain top of mind for employers, with 55% of businesses saying they will not reduce salaries if there is a recession, and 47% saying they will not reduce benefits. In 2022, our annual employer survey showed that the biggest challenges employers face with benefits are within education.

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Taxes Education Benefits Package Salary 98

HR Bartender

APRIL 18, 2023

Matthew Geohring, MS, is a technology solutions consultant for global insurance brokerage Hub International’s HUB People & Technology Consulting Practice. In his role, he consults with clients on technology implementation strategies including optimization and return-on-investment (ROI).

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