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The concept of remote work has evolved significantly over the past few years, especially with the global pandemic accelerating the shift towards flexible working arrangements. Companies across various industries are now offering remote positions to attract top talent and enhance employee satisfaction. For job seekers, this means a wealth of opportunities accessible from the comfort of their homes.
Providing truly equitable benefits can be measured by discovering that two similarly situated employees classified differently have equitable outcomes.
With millions of Baby Boomers retiring every year, Millennials and Generation Z dominate the workforce. There are 49.5 million Millennial workers and 17.3 million Gen Zers in the U.S 1. These younger generations have brought many unique and diverse perspectives to how we live and work, and the healthcare market and employers must keep up to meet their expectations.
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? We sat down with Hugh McDaniel, manager of channel partnerships at WEX, to get his insights on crafting voluntary benefits plans that meet the diverse needs of employees.
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?
You can usually tell the difference between an employee who’s really satisfied with their job and someone who’s just skating along. They might volunteer for extra projects, bring a box of donuts around the office more often, and generally lift up the rest of the team. That’s because when someone is satisfied with their job, every day matches exactly what they expect.
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You can usually tell the difference between an employee who’s really satisfied with their job and someone who’s just skating along. They might volunteer for extra projects, bring a box of donuts around the office more often, and generally lift up the rest of the team. That’s because when someone is satisfied with their job, every day matches exactly what they expect.
According to a Gallup report, 85% of employees aren’t feeling engaged at work. The reasons can be low employee morale, lack of appreciation, not being heard, performance issues, etc. To bring your workforce back on track, gifts for employees come as a helping hand, offering a boost of energy and motivation to perform. As per research by PR Newswire, 75% of employees feel valued when their company offers gifts.
Nonprofit government contractor Didlake has reached a settlement with the EEOC after it was accused of discrimination against deaf employees. As per the agreement of the disability discrimination settlement, the company will have to pay $1,017,500 USD and provide programmatic relief. The lawsuit alleged that the company was in violation of the Americans with Disabilities Act (ADA) , which required employers to provide reasonable accommodations for employees if it did not pose an undue hardship t
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.
Credit: piyaphun phunyammalee / Shutterstock.com Sporting and fashion brand Fred Perry and pie making business Pieminister have received real living wage employer accreditation from the Living Wage Foundation. Employees at the two organisations across the UK will now receive a minimum of £12 per hour, while those based in London will get £13.15. This is higher than the government’s national living wage of £11.44, which applies to workers aged 21 and over.
Campaigners advocating for a four day work week are gearing up for a fresh pilot project aimed at promoting flexible working practices. The initiative is set to launch in November, with participating companies currently being invited to sign up. The findings from this project will be presented to the government in the summer of 2025. The push for a four-day working week, notably with no reduction in pay, has gained significant traction in recent years, particularly following the Covid-19 pandemi
The gender health gap describes disparities in healthcare access and care outcomes based on gender. Data and survey feedback can determine if an organisation has a gender health gap. Investing in diverse, inclusive and equitable health support can go some way to addressing a gender health gap. The gender health gap refers to disparities in health outcomes and access to, and quality of, healthcare depending on an individual’s gender.
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.
There was a time, not so long ago, that one of the most important factors to consider when designing an office was the corporate hierarchy. The office was once the embodiment of the corporate structure. In Joanna Eley and Alexi Marmot’s 1995 book Understanding Offices , quite a lot of space is dedicated to the idea of the ‘space pyramid’, which means simply that the higher up the organisation you were, the more space you were allocated.
Employer-funded healthcare trusts are an established, tax-efficient way to deliver the benefit of medical treatment to employees without having to buy employer-paid health insurance. Traditional insurance involves paying an insurance firm a premium, including 12% in tax, that reflects the insurer’s prediction that claims will be made by employees, as well as its need to make profits and meet its own operating costs.
In today’s complex business environment, companies often seek ways to streamline their operations and focus more on core business functions. Professional Employer Organizations (PEOs) have emerged as a strategic solution for managing human resources effectively. This article explores what PEOs are, their services, and their impact on HR practices with real-world examples.
International Foundation of Employee Benefit Plans
JULY 10, 2024
Bill C-58 received royal assent on June 20, 2024 to ban the use of replacement workers and will come into effect June 20, 2025. This legislation was developed through extensive consultations with unions and employers and received unanimous support in Parliament. Bill […] The post Bill C-58, An Act to amend the Canada Labour Code and the Industrial Relations Board Regulations appeared first on Word on Benefits.
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.
Almost half (45%) of organisations find it difficult to meet employee expectations with their current benefits packages , according to research by employee benefits software firm Benify. Its Boost competitiveness by leveraging global benefits and total rewards report, which was sponsored by Harvard Business Review Analytic Services and surveyed 214 HR leaders at multinational organisations, also found that 87% of HR leader respondents think employee expectations are higher than ever, while 76% c
Healthcare costs can be a major concern for many employers and employees. Health savings accounts (HSAs) and traditional health insurance plans are two common options for managing healthcare expenses, but they have some key differences. Understanding the ins and outs of these two options can help you decide which one is best for your needs. In this article, we'll go over how HSAs and health insurance compare.
The future of work is dependent on people as the key to organizational success. With HR playing a pivotal role through advanced people performance analytics, these analytics offer detailed insights into employee performance, diversity, equity, inclusion, and learning and development, and are becoming increasingly prescriptive with AI advancements. The evolution of modern performance management, which emphasizes frequent, meaningful conversations over annual reviews, enables HR to transition from
Central Co-op ensures all employees receive equal health provision and achieve good outcomes, no matter their gender, by supporting them through all aspects of wellbeing. The food retail, petrol filling stations, funeral services and property investment business employs around 7,400 employees. To help employees better understand and access healthcare benefits, it launched a wellbeing campaign titled ‘We’ve got you’ in April 2024.
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!
California’s SB 553, which went into effect July 1, 2024, creates a new layer to California employers’ existing injury and illness prevention programs. Under SB 553, all California employers are now required to implement a workplace violence prevention plan (WVPP), provide training to employees regarding the WVPP and keep records of workplace violence incidents.
Talent and recruitment firm The Adecco Group ensures that male and female staff receive equal health outcomes by positioning itself as a supportive and committed employer. The group employs 39,000 employees across 60 countries. Its benefits that support physical and mental health include private medical cover once employees have completed their probationary period, as well as access to a wellbeing centre, discounts across many UK retailers, gym exercises, meditation tools and articles to help th
The majority of US employers will be getting a very thick package in their inboxes from their insurance company in the next 60 to 90 days. Included in this is their plan renewal for their benefits, which may include potentially a rate adjustment, as well as plan benefit changes – some of which are mandated by law, and some of which are a function of an evolving landscape of benefit plans and design structures.
Retailer Co-op has reported a mean pay gap of 5.2% between its employees from a lower and higher socio-economic background. For its first socio-economic pay gap report, the employer collected voluntary data from 48% of its 57,000 UK employees between April 2023 and April 2024. It used the Social Mobility Commission’s method to measure socio-economic background.
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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