Thu.Aug 22, 2024

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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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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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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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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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Future-Proof Your Talent Pipeline

Get ready for the future of business. As HR navigates an ongoing labor shortage, leaders need stronger, more adaptable recruiting strategies. Do you have the tools you need to build a talent pipeline that drives sustainable business growth?

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What's in and what's out for benefits in 2025

Employee Benefit News

As employers put together their strategy for the upcoming year, they should take note of a few key trends.

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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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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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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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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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Understanding Group Medicare for an Aging Workforce: Key Considerations for HR Leaders

Speaker: Shawnequa Albert

As our workforce evolves, so must the way we support it. With more employees choosing to work beyond age 65, HR leaders are increasingly being called upon to guide aging employees through one of the most complex transitions in their professional lives - from employer sponsored plans to Group Medicare. Without clear guidance, confusion around eligibility, coverage options, and cost implications can lead to uncertainty and missed opportunities for optimized benefits.

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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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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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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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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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Ready to Save Time With AI? Try 14 ChatGPT Prompts for HR

ChatGPT is a powerful tool that can help you quickly brainstorm, draft, and refine tasks on your to-do list. But it can take a bit of strategy and practice to get generative AI to give you the time-saving results you’re looking for. Try these 14 detailed prompts to unlock the power of ChatGPT. You'll discover ways to streamline tasks for hiring, employee engagement, and performance management.

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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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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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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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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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The Great Disruption: Leveraging AI To Better Your Benefits Strategy

Speaker: Joana Ardelean, MSHRM, PHR, SHRM-CP, CC

The benefits landscape is shifting rapidly, and AI is at the center of this transformation. From optimizing health and wellness programs to predicting future benefits needs, AI is empowering HR and total rewards leaders to make smarter, more proactive decisions. The challenge? Understanding where AI fits in your strategy and how to leverage it effectively while keeping employee well-being at the forefront.

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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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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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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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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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10 HR Metrics for 2025: HR Data Toolkit

The right HR metrics can illuminate hidden trends, justify decisions to the C-suite, and give you an edge in this unpredictable economy. Download Paycor’s guide and learn how to calculate your: Cost-per-Hire Total Financial Impact of Absences Voluntary Turnover Rate And more!

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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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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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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.