Thu.Sep 19, 2024

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Vision expenses piling up? Use your HSA or FSA

WEX Inc.

Visual health is a vital component of overall well-being, and unexpected eye-related expenses can put a strain on your finances. However, for participants of health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are ways to alleviate the financial burden associated with vision-related costs. Let’s explore a few common vision-related questions as it relates to your HSA or medical FSA.

Health 98
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What (Most) Decision-Support Tools Get Wrong

Flimp Communications

The number of benefits decision-support tools available to HR teams has multiplied considerably over the past few years. It shouldn’t be surprising. As benefits — particularly healthcare plans — become more complex, and employees have less and less time to consider their options, the market demands solutions that simplify and streamline the benefits enrollment process while guiding employees toward satisfying, cost-effective selections.

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Train drivers accept pay deal

Employee Benefits

Train drivers across England, Scotland and Wales have accepted a pay deal made by the Department for Transport, ending a two-year pay dispute. The employees are members of the Associated Society of Locomotive Engineers and Firemen (Aslef) union. They have taken part in strike action since 2022 over pay, arguing that the previous government refused to let the train operating businesses negotiate freely and make a fair offer.

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How employers are bringing more benefits to working parents

Employee Benefit News

Employers are updating parental leave policies and adding supplemental child disability insurance to help support parents.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Infantilised

Florida Workers' Comp

There is a book out about the challenges of the "next generation." Author Keith Howard penned Infantilised: How Our Culture Killed Adulthood , and The Economist provided an informative review. The book relates a conversation between two generations, an "older boss" and a "younger. employee": There is no P in ‘hamster’,” said the boss. But “that’s how I spell it,” the 20-something objected.

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More Trending

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Where the best HR leaders see themselves in five years

Employee Benefit News

Shaping future leadership, building the best benefits and staying ahead of the tech curve — these executives are excited for what's to come.

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Stop-Loss Premiums Increase to Over 10% Annually

International Foundation of Employee Benefit Plans

Cancer and Specialty Pharmaceuticals Are Top Claimant Concerns High-dollar claimants continue to concern employer-sponsored health plans in the U.S. Those that self-fund and purchase medical stop-loss coverage have seen premiums continuing to rise over 10% annually, as reported by the 2024 Aegis […] The post Stop-Loss Premiums Increase to Over 10% Annually appeared first on Word on Benefits.

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Here's how to explain career gaps when job seeking

Employee Benefit News

The pandemic may have made career breaks more acceptable, but it's still up to applicants to explain the reasoning behind a gap to potential employers.

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Hybrid team success: Mastering the key strategies

Business Management Daily

By Kevin Eikenberry Everyone has an opinion about hybrid teams, and they aren’t all the same. Some people love the approach while others prefer to be in the office every day. Then there are those who prefer to only come in for (very) special events. Yet regardless of how we feel—and whether we call hybrid work a compromise or an edict—we need this working arrangement to be successful.

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Where You Can and Absolutely Cannot Cut Costs Corners in Benefits Administration

Managing benefits administration is costly, and cutting corners in the wrong places can lead to disengaged workforces and the risk of non-compliance. This eBook from Selerix highlights areas where you can save without compromising the value of benefits. Proactively Thinking: Make decisions for the long run. Discover ways to be proactive in your decision-making to save money in the future, not just temporarily.

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Wage growth rebounds in US job postings, led by tech and finance

Employee Benefit News

More industries are publishing increased wages in an effort to attract workers.

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5 ways to cut business costs and boost efficiency

WEX Inc.

Many companies would say that the best ways to cut costs in business is to focus on improving operational efficiency and reducing spending in the following areas: Office space Out of pocket expenses Supply costs Advertising costs While it is true that these areas contribute to a large percentage of the cost for any company, there is a single solution that can significantly address inefficiencies — with digital payments!

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Your company needs a personal leave policy. Here's how to implement one

Employee Benefit News

A specific policy that fills that gaps left by traditional leave can help employees during major life transitions.

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67% of staff do not feel they can fully switch off or keep work-life boundaries

Employee Benefits

While 93% of employees said work-life balance was critical for good overall wellbeing, 67% do not feel they can fully switch off or keep work-life boundaries, according research by Protime UK. Its report The work-life boundary gap – why it matters and how to fix it , which surveyed 2,000 UK employees, also found that poor work-life balance negatively impacted 41% of employees’ wellbeing on a daily or weekly basis, and 65% on a monthly basis or more.

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HR’s Blueprint for a Successful 2025

The HR industry is changing. Did you know… 1. There will be 4M more jobs than workers by 2033 ( BLS ). 2. For 84% of workers, flexibility is a top priority ( FlexJobs ). 3. 75% of employees have used AI at work ( CFO.com ). It’s time to meet the moment! Use Paycor’s guide to design a blueprint for success.

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Want to hold on to people? Pay them enough

Workplace Insight

In spite of all the chatter about the so-called Great Resignation and Quiet Quitting, whether people decide to stay with or leave an employer still largely depends on whether they think they are paid enough. According to a new poll from SD Worx , pay remains the number one reason employees will stay with a company or leave. For the report, SD Worx surveyed 5,000 businesses and 18,000 employees in 18 countries across Europe, including the UK, France, Germany, Italy, Spain and Belgium.

Salary 59
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Salutem Care and Education launches financial wellbeing benefits

Employee Benefits

Salutem Care and Education has introduced further financial wellbeing benefits for its employees to support their wellbeing. Its employees will now be able to access a workplace savings account with a 4.7% annual equivalent rate (AER), provided by financial benefits platform Wagestream. The account does not require staff to deposit a fixed amount to benefit from the interest rate, and it is fully protected under the Financial Services Compensation Scheme.

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Plan Sponsors, Insurers, and the Landmark Mental Health Parity Final Rule

McDermott Will & Emery Employee Benefits

The US Departments of the Treasury, Labor, and Health and Human Services recently issued much-anticipated final regulations under the Mental Health Parity and Addiction Equity Act (MHPAEA).

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Unlocking Leadership Potential: Insights from the Five Talents That Really Matter Podcast Series

3Sixty Insights

I am thrilled to share some incredible insights from our recent podcast series on “The Five Talents That Really Matter.” Over the past six episodes, we’ve delved deep into what it takes to truly excel in leadership and how to harness these insights to drive organizational success. If you’ve been following along, you know we’ve covered a lot of ground, and if you haven’t, buckle up!

Health 52
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7 Common ACA Compliance Pitfalls and How to Avoid Them

Managing ACA compliance is a major headache, especially in industries with complex schedules and regulations. Errors can lead to fines, legal battles, and strained employee relationships. Ways to Avoid Penalties & Fines: Non-compliance with Hours of Service (HOS) or misclassifying employees can lead to fines and legal issues. We offer tools to avoid these penalties and ensure regulatory alignment.

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20 Signs Of A Healthy Relationship And How To Improve Yours

BetterUp

Jump to section What is a healthy relationship? 20 signs of a healthy relationship How to have a healthy relationship Signs your relationship need work When is a relationship over?

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Two thirds of people struggle to disconnect from work

Workplace Insight

A new poll claims that two-thirds of workers feel powerless to disconnect from work to fully manage the blurred boundaries between work and life, leading to stress, burnout, and anxiety. On average, this results in five days of sick leave per employee each year. The UK government’s planned ‘Right to Switch Off’ for employees is just the beginning for organisations aiming to tackle the negative effects of ‘unboundaried’ work on both businesses and employees.

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How to overcome unconscious bias in the workplace

cipHR

Unconscious bias shapes how we see others and ourselves, often without us realising.

IT 52
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The Total Rewards Template: Boosting Employee Engagement and Satisfaction

COMPackage

A well-crafted total rewards statement is a powerful tool for enhancing employee engagement and satisfaction. By clearly outlining the comprehensive compensation package offered, organizations can demonstrate the value they place on their employees and foster a positive work environment. This article will explore the essential components of a total rewards template.

401(k) 40
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7 HR Priorities for 2025 to Supercharge Your Employee Experience

Speaker: Carolyn Clark and Miriam Connaughton

Forget predictions, let’s focus on priorities for the year and explore how to supercharge your employee experience. Join Miriam Connaughton and Carolyn Clark as they discuss key HR trends for 2025—and how to turn them into actionable strategies for your organization. In this dynamic webinar, our esteemed speakers will share expert insights and practical tips to help your employee experience adapt and thrive.

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Preparing for the challenges of generative AI in higher education

cipHR

We discuss some of the challenges HE institutions need to consider, as well as some of the positive contributions AI could make in a research environment

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Barbservations as a Sole Next-of-Kin Survivor

Money Talk

Earlier this year, I lost my only sibling to cancer/heart disease and became the sole next-of-kin survivor from my small family of origin. My brother had no spouse or children. In addition to grieving the loss of my brother, I dealt with financial matters (e.g., unexpectedly paying for a cremation and doing a forensic audit of my brother’s finances) and technological hurdles (e.g., searching for a digital assets inventory and learning how to navigate an Apple Mac computer).

Banking 131
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Presenter-led diversity courses now online

cipHR

Explore our presenter-led diversity courses.

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What is the employee onboarding process? A complete how-to guide

Achievers

For HR professionals and new hires alike, onboarding can sometimes feel like a box an organization needs to check off before moving on to more important tasks. But companies that prioritize sustainable growth know that an effective employee onboarding process can accelerate employee productivity while fostering long-term retention. Let’s take a deep dive into everything you need to know about creating a stellar onboarding process that supports a high-performing workforce.

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The HR Leader’s Workforce Management Guide

In today’s fast-paced business world, effective workforce management (WFM) isn’t just an option—it’s a necessity.