Thu.Aug 22, 2024

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Take-Aways from #AFCPE2023- Part II

Money Talk

As I noted last week , I slowly made my way since last December through over a dozen video recordings of presentations made at the 2023 Association for Financial Counseling and Planning Education (AFCPE) Symposium. Below is another very eclectic summary of key take-aways from recorded presentations on topics of personal interest: Debt Repayment Acceleration - The best way to pay off debt quickly is a “rollover method” where extra payments on debt get shifted from one creditor to another as debts

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Mental health leaves of absence are surging in 2024

Employee Benefit News

According to ComPsych, one in ten of all leaves of absence are due to poor mental health and burnout.

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UK commercial property market shows signs of recovery, but not for offices

Workplace Insight

The United Kingdom’s commercial property market is showing signs of a quicker recovery than the rest of Europe, following a challenging two-year period marked by high interest rates and the ongoing re-evaluation of the role offices. According to the Green Street Index, the office market continues to be the most sluggish sector. The latest data suggests that both deal volumes and property values in the UK have seen an increase in the first half of 2024.

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Volunteering may be the next retention and recruitment strategy

Employee Benefit News

Since the pandemic, employees have become much more mindful of the companies they're working for — and what they stand for.

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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.

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What Workers Need to Know About Group Life Insurance

InterWest Insurance Services

Voluntary group life insurance is offered to employees as an optional benefit, and often employers will pay the small premium as an employee retention tool and to provide workers some peace of mind for their families. There are various avenues for funding these group plans, and different underwriting criteria that can either reduce or increase the premium amounts.

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How to Offer Health Insurance to Remote Workers

PeopleKeep

Offering a comprehensive benefits package with health insurance is critical to having engaged and satisfied employees. But if your team includes some of the 22 million U.S. adults who work remotely, you may find it challenging to find a health plan that works 1. Plan types, health insurance providers, policy costs, and regulations vary by state. These inconsistencies can make it difficult for small employers with remote workers in multiple states to find a suitable health benefit.

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Organizations Adding More Fertility and Adoption Support

International Foundation of Employee Benefit Plans

Fertility and family-planning benefits remain top of mind for many organizations as they evaluate benefit packages for the year ahead. The advantages of these benefits include attracting and retaining key talent; saving on health care costs; matching benefits to diversity, equity and […] The post Organizations Adding More Fertility and Adoption Support appeared first on Word on Benefits.

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Fed officials argue for gradual pace of cuts starting soon

Employee Benefit News

Economic outlook is good, according to experts, and easing of rates could begin in September.

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Cyberbullying Reminder

Florida Workers' Comp

Bullying has been a real concern in various vocations and locations. See Workplace Bullying (February 2020). Suing Social Media (January 2023); AI and the Singer (January 2024); and Deepfakes in Florida (March 2024). This occurs in the workplace and impacts efficacy and efficiency. As a foundational element of work, it can also play a role in injury, recovery, and return to work.

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We’re Here to Help! How to Navigate Your Top HR Priorities

Are you helping your people proactively plan for retirement? How are you prioritizing the mental health of your HR team? These are a few of the questions that HR professionals are seeking answers to today. Luckily, Gallagher’s consultants came together with four robust articles (and one infographic) that help address these pain points and provide you with proactive planning tips to help you simplify, personalize and create flexibility in your benefits offerings to help ensure your people thrive

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Evaluating the Costs and Benefits of HR Software Implementation for Startups

Qandle

In the bustling world of startups, every decision counts. One critical decision is whether to invest in Human Resources (HR) software. Startups often juggle numerous responsibilities and limited resources, making the choice to implement HR software both crucial and challenging. This blog dives into the cost-benefit analysis of implementing HR software for startups , helping you understand if it’s a worthwhile investment for your budding enterprise.

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Non-compete Agreement Ban Blocked, FTC Expresses Disappointment

HR Digest

Weeks before it was set to take effect, the non-compete agreements ban was recently blocked by a federal court in Texas. FTC’s non-compete ban has been met with significant contention ever since it was initially announced, the resistance primarily led by the U.S. Chamber of Commerce. The non-compete agreement court ruling was brought by Judge Ada Brown of the U.S.

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Pending California Law Undermines Growth of Digital Health Companies and Patient Access to Virtual Care

McDermott Will & Emery Employee Benefits

In California, pending Assembly Bill 3129 could severely limit the ability of digital health companies to grow and operate in the state by prohibiting arrangements between physician, psychiatric, and dental practices and any entity that furnishes business or management services to providers that accept investments from private equity groups and hedge funds.

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#HRTechChat: Mastering Leadership through Setting Direction and Controlling Traffic

3Sixty Insights

Welcome to the fourth podcast in The Five Talents that Really Matter series. In this podcast we begin to introduce the five talents, beginning with Setting Direction and Controlling Traffic. There is a familiar phrase: “If you don’t know where you are going, you’ll probably end up somewhere else.” While setting direction is where all great strategies begin, in our conversation with Barry Conchie and Sarah Dalton, the authors of The Five Talents, we learn that it might be one of the rar

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Why (and How) to Switch to a New HR & Payroll Platform

Speaker: Speakers:

HR and payroll impact every aspect of your business. Choosing the right provider is one of the most important decisions you’ll make. Before you decide, hear first-hand customer accounts in Paycor’s webinar to learn: The three most important things to look for when switching. How to begin your search. What are some of the red flags?

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Elizabeth Finn Homes enhances family leave policy

Employee Benefits

Nursing homes and residential care facilities organisation Elizabeth Finn Homes has implemented an enhanced family leave policy for its more than 750 employees. With the support of its charity owners Turn2us, the parental leave policy sets out both basic and enhanced entitlements for new and expectant birth parents at work. It also covers birth parent leave, shared parental leave, adoption leave, co-parent leave, parental leave and parental bereavement leave.

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Employee Service Award Programs: A Guide (2024)

Empuls

A Gallup study reveal that only 1 in 5 employees feel their performance is managed in a motivating way. This means that 4 out of 5 employees do not receive appreciation and praise from their managers.  The study highlights the importance of milestone service awards, as it also found that the most memorable recognition comes from an employee's manager and high-level leaders.

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40% offer physical health support to help staff stay in or return to work

Employee Benefits

Just two-fifths (40%) of employers offer staff support around their physical health to help them stay in or return to work, if they are injured or have a new illness or disability, according to research by industry body Group Risk Development (Grid). Its survey of 500 HR decision-makers at UK organisations also found that just over one-third (38%) of respondents provide support for mental health, such as mental health first aiders, an employee assistance programme and counselling, with the same

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The best leaders invite people to challenge them … and don’t punish them when they do

Workplace Insight

Leaders should foster a culture of positive, constructive challenge, which can help mitigate risks and improve decision making, according to experts at Imperial College Business School. In a new white paper , researchers from Imperial’s Centre for Responsible Leadership analysed the strategies that leaders can implement to successfully elicit challenge from their teams.

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Transform Employee Wellbeing and Control Costs Through Data-Driven Strategies

In today's dynamic business environment, HR leaders face immense pressure to optimize costs while maintaining a competitive edge to attract, retain and engage their workforce. Gallagher can help you meet that challenge head-on. Our proprietary data and people analytics platform, Gallagher Drive ® , provides the elevated insights you need to make impactful program decisions that are aligned with your organizational goals and set your strategy up for long-term success.

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PX workers for Sellafield accept improved pay offer

Employee Benefits

Around 40 workers employed by PX at the Fellside Combined Heat and Power plant have accepted a pay offer , ending ongoing industrial action. The employees undertake a range of roles, including shift managers, operators, electrical and instrumentation technicians and administrators at the plant, which provides electricity and steam to Sellafield in Cumbria.

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Virtual Layoffs: A Guide for Employers

Pacific Prime

The rising popularity of remote work and virtual operations has transformed the operation of a modern workplace. Various work-from-home arrangements and remote working policies have constantly been emerging, but the transition to a fully remote workplace is still too early to be called mature. With remote work becoming a ubiquitous demand of every employee and.

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10 Best Employee Recognition Products You Must Know About in 2024

Empuls

Employee recognition products are more than just tools for rewarding employees—they’re game-changers for boosting morale, enhancing productivity, and fostering a positive work culture. In today's competitive business landscape, acknowledging and valuing employees' contributions can make a significant difference in their engagement and overall job satisfaction.

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Is Open Enrollment Extended? A State-By-State Guide

PeopleKeep

You can't sign up for health insurance coverage whenever you want. For Marketplace health insurance, there's typically one window of time to sign up, known as the open enrollment period. During this period, you can purchase a new health insurance plan or make changes to your current health plan. During 2024 open enrollment, 21.4 million 1 individuals selected or reenrolled in a Marketplace plan.

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HR’s Complete 2025 Calendar of Important Dates

HR leaders can use this calendar from Paycor to track important HR and payroll tax dates. The 2025 calendar includes: Tax filing dates Federal reporting deadlines Bank holidays Links to relevant tax forms …and more! Get your 2025 HR calendar today!

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Employee Work Anniversary Gifts That Make Employees Feel Valued

Empuls

Employee work anniversaries are more than just markers of time—they reflect an employee’s dedication, commitment, and loyalty to the organization. These milestones provide a valuable opportunity to recognize and celebrate the contributions employees have made. Companies face an average turnover rate of 18% annually. Celebrating work anniversaries can help reduce this rate by fostering a sense of appreciation and belonging among employees.

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4 ways to use HSAs to achieve your financial goals

WEX Inc.

Achieving financial goals is more than just setting a budget—it’s about creating a roadmap to your future. So how do you reach your financial goals? We broke down a few ways below, or watch this episode of our Benefits Buzz podcast to learn more about the perks of an HSA. Max out HSA contributions There is no “one-size-fits-all” guidance on how much you should be contributing to your HSA.

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Lead teams past negativity: 7 effective techniques for leaders

Business Management Daily

By Kevin Eikenberry Team negativity poses a real problem—it doesn’t just make working less enjoyable, it also has real impacts on culture, productivity and team success. There will always be negative comments made, frustration when things don’t go as planned and issues between team members. Consider those like seeds that can plant negativity. Here are seven things you can do to keep negative moments from growing into a serious team negativity problem.

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Hotel virtual card FAQs: Get the answers to your virtual payment questions!

WEX Inc.

Hotels that integrate their accounting systems with virtual cards are providing millions of travelers with quick and easy check-in and check-out service. To help you provide that kind of top-notch customer service, we have compiled some frequently asked questions for you below to help you stay on top of all your customers’ needs. What is a virtual card and why is it important?

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4-Week Roadmap for New Hires

Nearly one-quarter of employees (23%) admit they’ve cried within the first week! Give new hires a positive start with this four-week onboarding roadmap. This schedule outlines all the turns, detours, and speedbumps new hires can expect in their first month. We’ve included suggestions for each week to help you make your new employees’ highway to success an easy road.