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There’s no doubt that today’s workforce is rapidly changing, as millennial and Gen Z employees continue to transform the modern workplace. This new, multi-generational labor pool has ushered in a new set of expectations that employers can’t afford to ignore. Companies across industries are to take a long, hard look at how they approach complex topics, including diversity, equity, and inclusion.
In this October 2024 issue of Compliance TV: SSA updates AccuWage Online Help Guide, FAQ for 2024; ACA affordability percentage increases to 9.02% for 2025; and more.
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?
I was introduced to Plum’s Discovery Survey tool by Michelle Meehan at HR Tech last week. Michelle and I had a great conversation about the outdated work structures that are affecting both employee experience and productivity. We touched on the need to rethink the traditional 40-hour work week, which, as it approaches its 100th anniversary in 2026, is long overdue for retirement—especially in many modern professions.
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Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
International Foundation of Employee Benefit Plans
OCTOBER 3, 2024
It is no surprise that during an election year, stress, tension and polarizing discourse infiltrate the workplace and affect employees’ mental health and productivity. Despite organizations’ efforts to foster open dialogue and collaboration, employees can still experience elevated levels of stress due […] The post Ensuring a Mentally Healthy Workplace During an Election Year appeared first on Word on Benefits.
In this video, Nicholas Biron from 3Sixty Insights shares an in-depth overview of the research areas his team is focusing on over the next 6 to 12 months. He delves into how software and technology are shaping the employee experience, enabling managers, and supporting small businesses with HR systems. Nicholas also highlights the importance of payroll innovations and people analytics in today’s organizations.
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.
The IRS has significantly increased the group health plan affordability threshold — which is used to determine if an employer’s lowest-premium health plan complies with the Affordable Care Act rules — for plan years starting in 2025. The threshold for next year has been set at 9.02% of an employee’s household income, up from 8.39% this year.
The economics of our lives is ever present, yet too often ignored. As a nation, America is persistently insufficient in the simple concept of savings. And that failure comes to roost periodically when the tomorrow we expect is supplanted by the tomorrow that we get. This week, WEARTV reported that evacuating from a storm like Helene can be an economic challenge.
Answering a question certified to it by the U.S. District Court for the District of Colorado, the Supreme Court of Colorado held that an employee who receives workers’ compensation benefits for injuries caused by an underinsured third-party tortfeasor is not barred from pursuing further recovery from his or her employer’s UM/UIM insurer [ Klabon v. Defendant: Travelers Prop.
If you're a small employer with little HR support, handling employee benefits might be challenging and time-consuming. If that’s the case, you may consider outsourcing as a possible solution. Outsourcing employee benefits administration offers numerous advantages. But, it's not a one-size-fits-all solution. The decision requires careful consideration of your organization's unique needs and goals.
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.
Virtual cards have become a mainstay in payments for businesses around the world. But many may not realize that virtual cards offer distinct advantages over ACH or traditional checks as a form of payment. And have you heard of virtual card rebates? Let’s break down these complexities and enhance your businesses’ financial efficiency today. What is a virtual card rebate?
Healthcare providers, payors, and other healthcare organizations should be aware of a recently announced, “first-of-its-kind” settlement between the Texas attorney general and a healthcare generative artificial intelligence (AI) company resolving allegations that the company made a series of false and misleading statements about the accuracy and safety of its AI products.
A new poll from instantprint claims only around a third (39 percent) of respondents think they could make it through the day without looking at their phone. This means nearly two in five workers think they could stay focused and avoid their phones entirely, which is an impressive display of self-discipline in an era where we are constantly connected.
In a well-reasoned decision that illustrates the difficulties courts sometime face in balancing competing interests within a workers’ compensation dispute, the Supreme Judicial Court of Maine recently held that when an employee suffers an immediate vision loss exceeding the 80% threshold for specific-loss benefits, and medical treatment does not restore vision to a level below that threshold, interest on the benefits accrues from the date of injury, not the date of maximum medical improvement (M
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.
“You don’t have to bother me unless something goes wrong.” This statement embodies the philosophy behind management by exception , a hands-off management strategy that encourages employees to take charge of day-to-day operations. In this model, team members only need to contact management if something unusual occurs, referred to as exceptions , deviations, and variances.
Life has come to a standstill across the once-busy ports extending from Maine to Texas. The shuffle of busy feet and tired hands has been replaced by a silence that suggests that something is not quite right. The reason for the shift is evident—U.S. dockworkers are officially on strike, protesting in favor of their right to better wages. Around 45,000 members of the International Longshoremen’s Association (ILA) are participating in the port workers’ strike after their existing contract ex
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